PINNACLE WEST CAPITAL CORPORATION (PNW) Return on equity 2016–2025
PINNACLE WEST CAPITAL CORPORATION (PNW) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
9.0%FY2025 · since FY2016: 9.6% → 9.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 9.0% | -0.3 pp |
| FY2024 | 9.3% | +0.9 pp |
| FY2023 | 8.4% | +0.1 pp |
| FY2022 | 8.3% | -2.5 pp |
| FY2021 | 10.8% | +0.6 pp |
| FY2020 | 10.1% | -0.2 pp |
| FY2019 | 10.3% | +0.1 pp |
| FY2018 | 10.2% | +0.0 pp |
| FY2017 | 10.1% | +0.5 pp |
| FY2016 | 9.6% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice