PNW Pinnacle West Capital Corporation Common Stock
NYSE · Utilities · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 4, 2026PNW Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About Pinnacle West Capital Corporation Common Stock Company overview from Wikipedia
Pinnacle West Capital Corporation is an American utility holding company that owns Arizona Public Service (APS). It is publicly traded on the New York Stock exchange and a component of the S&P 500 stock market index. APS is the largest utility company in Arizona and is regulated by the Arizona Corporation Commission (ACC).
History
In 1886, the Phoenix Light and Fuel Company was formed to provide electricity and heat to the people of the three-year-old town of Phoenix. In 1901, it built two hydroelectric power stations to provide power to Phoenix.
It changed its name to Pacific Gas and Electric Company in 1906 and to Central Arizona Light and Power in 1920. The Childs-Irving Hydroelectric Facilities, began producing power in 1909 to support local mining operations. The company began paying an annual dividend from 1920, and continued to do so without interruption until 1989.
The company became a subsidiary of the giant conglomerate American Power and Light in 1925, but became an independent company once again in 1945. In 1949, it merged with Northern Arizona Power and Light. In 1952, it merged with Arizona Edison and changed its name to Arizona Public Service.
The stock doubled in price through the long bear market of the 1970s, while paying a 10% dividend yield. By then it had become an electric and natural gas utility fueled 94.4% by coal plants, 5.2% by natural gas, and 0.4% by oil. The company traded its common stock on the New York Stock Exchange, and in 1976, the company issued a preferred stock (formerly NYSE: PR ARP PR) with a 10.5% dividend, callable in 1990. APS also performed well through the early 1980s recession, reaching peak earnings of over US$255 million in 1983. However, by then the company had accumulated over US$2.1 billion in long-term debt.
In 1982, APS issued another preferred stock (formerly NYSE: PR O ARP PR O) with an 11.9% dividend, callable in 1987. And in 1983, it issued a third preferred stock (formerly NYSE: PR Q ARP PR Q) paying an adjustable rate between 6 and 12%, through 1986. 1984 was a down year for both earnings and the stock price, which at its low that year had lost almost half its value from the 1983 peak.
In February 1985, Arizona Public Service Company reorganized as a holding company, AZP Group Inc., with APS as the leading subsidiary. It traded under the ticker symbol AZP. 1985 earnings reached a new record high at almost US$290 million, and by the end of the year the stock price had doubled from its 1984 low.
In 1987, AZP Group changed its name to Pinnacle West Capital Corporation, and began trading under the new ticker symbol PNW. The utility continued to operate as its principal subsidiary. By then Pinnacle's long-term debt had grown to almost US$2.4 billion. Earnings had declined to US$260 million in 1986, but were recovering by the end 1987. However, the stock price reached an all-time peak that year, which was not surpassed for the next decade, as the company ran into troubles through the early 1990s. In 1986, Pinnacle acquired MeraBank, a savings and loan association. It grew to become Arizona's largest thrift, with $6.5 billion in assets. However, the thrift was seized by federal regulators in January 1990, due in part to the deterioration in prices in the Arizona real estate market.
By 1990, the company's earnings had fallen to under US$100 million, as it struggled through the 1990-1991 recession, as well as a series of failed attempts to diversify. By 1991, the company was facing a loss of almost US$190 million, and discontinued paying its dividend. APS and its predecessors had paid a dividend without interruption since 1920. The stock price plunged 85% from its 1987 peak, to its lowest level in over twenty years. Its long-term debt by then reached over US$2.5 billion. However, by 1992, the company returned to profitability, as earnings recovered to over US$150 million. The stock price tripled from its 1991 low by the end of 1993. The company reinstated its dividend that year. The company faced a variety of regulatory disputes due to its operation of Palo Verde and treatment of whistleblowers. It was ordered by the Department of Labor to pay a whistleblower $50,000 in compensation. In 1993, a similar incident resulted in additional compensation for another employee.
By 1995, Pinnacle West Capital had been added to the S&P MidCap 400 index. That year, earnings surpassed US$200 million again, and by early the next year the stock price began approaching its old 1987 high. Also in 1995, the utility subsidiary Arizona Public Services issued 30-year Monthly Income Debt Securities paying 10%. The first solar plant in Arizona was opened by Pinnacle West in Flagstaff in 1997. In the wake of the Enron scandal, Pinnacle West lost over $13 million. This represents 25% of their expected earnings for that quarter. Prior to 2010, Pinnacle West developed real estate through its Suncor subsidiary.
On September 8, 2011, there was a widespread power outage affecting a region spreading west from Yuma, Arizona, to San Diego, California, and affecting parts of Northern Mexico. The outage was the result of 23 events that occurred on five power grids in a span of 11 minutes including the APS North Gila Substation. Most of the areas affected were served by San Diego Gas & Electric, which saw its entire service area lose power.
The outage was caused by the actions of an APS employee in the North Gila substation, and it is unknown why safeguards did not keep the outage limited to the Yuma area. The outage occurred days before the tenth anniversary of the September 11 attacks, and hours before the United States Department of Homeland Security warned of a potential terrorist attack leading up to the anniversary, but the Federal Bureau of Investigation and SDG&E early in their investigations ruled out terrorism.
On July 7, 2014, APS agreed to a $3.25 million settlement with NERC and FERC related to the September 2011 blackout.
On September 7, 2018, APS cut off the power to 72-year-old retiree Stephanie Pullman, due to a $51 overdue electric bill. The same day, the temperature in Phoenix hit 107 °F (42 °C). Within a week, Pullman had died from heat exposure. Her death sparked statewide media coverage and street protests over APS's disconnect policy. The incident led to Arizona regulators banning power shutoffs on hot summer days, which was eventually expanded to include all days between June 1 and October 15th.
Service territory
APS serves about two-thirds of the Phoenix metropolitan area. It primarily serves downtown and northern Phoenix, a large swath to the north and west of the city, and the downtown areas of Chandler, Gilbert, Glendale, Peoria, Scottsdale and Tempe. Outside of the Valley, it serves Flagstaff, Prescott, Yuma and Douglas.
Power Plants
Pinnacle West owns and operates a number of power plants through its Arizona Public Service company which it wholly owns. Most of the power Pinnacle West supplies, as well as most of the power for the state of Arizona, is generated by these plants.
Coal
Pinnacle West owns three coal plants Cholla Power Plant, Four Corners Generating Station, and Navajo Generating Station (operated by Salt River Project). The coal is primarily supplied by long-term leases from landowners in the Navajo Nation. The Navajo generating plant ceased operations in 2019, with the site remediated and the land turned over to the Navajo Nation in March of 2024. In 2021, APS and the owners of Four Corners entered into an agreement where one of the two remaining units would be shut down seasonally during winter and spring, but remain operational during the summer which is the peak season for energy demand. As of February 25, 2026, APS has elected to not begin seasonal operations. Cholla ceased operations in March 2025. This has resulted in the Arizona energy market consuming hundreds of MWh less of coal produced energy.
Nuclear
Pinnacle West operates and partially owns the Palo Verde Nuclear Generating Station. Pinnacle West has been in lawsuits with the Department of Energy over the Yucca Mountain nuclear waste repository since 2003. In 2023, the Department of Energy approved its ninth settlement with Pinnacle West all these settlements have totaled $36 million in awarded damages for Pinnacle West. The plant has enough storage for spent fuel to store its waste through 2047.
Natural Gas
Pinnacle West owns and operates six natural gas or oil based energy generators. In 2019, it completed modernizing Ocotillo, one of the gas based plants resulting in an increase from 290MW to 690MW.
Solar
Pinnacle West owns and operates two utility scale solar systems as well as thirty small scale facilitates. AZ Sun received $675 million in Pinnacle West investment and provides up to 180MW. Red Rock solar plant produces 44MW which are sold for energy credits to institutional buyers. Small scale facilities are expanding to Pinnacle West owned systems government owned rooftops and residential programs. Pinnacle West spent millions in lobbying dollars during 2012 election of ACC. This campaign was part of a larger effort to reduce net metering. In 2017, this resulted in the complete stoppage of net metering.
Planned
Pinnacle West plans to build 1200MW of energy storage. This would be nearly all of Arizona's energy storage capacity. In 2022, Pinnacle West planned to increase renewable energy production by 50% of its 2023 level by 2025.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | PNW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 18.45Y avg ≈16.2 | ≈16.2 | 22.0 | Undervalued | |
| PEG Ratio | ≈25.2 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | PNW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 20.5%5Y avg ≈19.1% | ≈19.1% | 25.1% | Weak | |
| EBITDA Margin (TTM) | 38.4%5Y avg ≈37.6% | ≈37.6% | 25.4% | Weak | |
| Pretax Margin | 13.8% | · | 15.5% | Weak | |
| Net Profit Margin (TTM) | 11.7%5Y avg ≈12.7% | ≈12.7% | 14.3% | Weak | |
| ROA (TTM) | 2.1%5Y avg ≈2.4% | ≈2.4% | 3.3% | Weak | |
| ROE (TTM) | 9.5%5Y avg ≈9.3% | ≈9.3% | 9.6% | Weak | |
| ROIC | 5.2% | · | 6.1% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | PNW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 1.65Y avg ≈1.4 | ≈1.4 | 1.5 | High debt | |
| Current Ratio (MRQ) | 0.65Y avg ≈0.7 | ≈0.7 | 0.6 | In line | |
| Quick Ratio | 0.05Y avg ≈0.0 | ≈0.0 | 0.2 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 1.45Y avg ≈1.2 | ≈1.2 | 1.4 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | PNW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 4.2%5Y avg ≈8.3% | ≈8.3% | · | · | |
| Revenue CAGR 3Y | 7.3%5Y avg ≈9.0% | ≈9.0% | · | · | |
| Revenue CAGR 5Y | 8.3% | · | · | · | |
| EPS YoY | -3.6%5Y avg ≈1.8% | ≈1.8% | · | · | |
| Net Income YoY | 0.90%5Y avg ≈3.1% | ≈3.1% | · | · | |
| EPS CAGR 3Y | 5.8%5Y avg ≈0.39% | ≈0.39% | · | · | |
| EPS CAGR 5Y | 0.73% | · | · | · | |
| Net Income CAGR 3Y | 8.0%5Y avg ≈1.5% | ≈1.5% | · | · | |
| Net Income CAGR 5Y | 2.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | PNW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.25Y avg ≈0.2 | ≈0.2 | 0.2 | In line | |
| Revenue / Employee | ≈$807.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 3, 2026 | $0.91 | USD | ≈3.6% |
| May 4, 2026 | $0.91 | USD | ≈3.6% |
| Feb 2, 2026 | $0.91 | USD | ≈3.9% |
| Nov 3, 2025 | $0.91 | USD | ≈4.0% |
| Aug 1, 2025 | $0.90 | USD | ≈3.9% |
| May 5, 2025 | $0.90 | USD | ≈3.8% |
| Feb 3, 2025 | $0.90 | USD | ≈4.1% |
| Nov 4, 2024 | $0.90 | USD | ≈4.1% |
| Aug 1, 2024 | $0.88 | USD | ≈4.0% |
| Apr 30, 2024 | $0.88 | USD | ≈4.8% |
| Jan 31, 2024 | $0.88 | USD | ≈5.1% |
| Oct 31, 2023 | $0.88 | USD | ≈4.7% |
| Jul 31, 2023 | $0.87 | USD | ≈4.2% |
| Apr 28, 2023 | $0.87 | USD | ≈4.4% |
| Jan 31, 2023 | $0.87 | USD | ≈4.6% |
| Oct 31, 2022 | $0.87 | USD | ≈5.1% |
| Jul 29, 2022 | $0.85 | USD | ≈4.6% |
| Apr 29, 2022 | $0.85 | USD | ≈4.7% |
| Jan 31, 2022 | $0.85 | USD | ≈4.8% |
| Nov 15, 2021 | $0.85 | USD | ≈5.1% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 4, 2026 | $1.43 | $1.48 | -3.4% |
| March 31, 2026 | $0.27 | $-0.01 | 2331.4% | |
| Dec. 31, 2025 | $0.13 | $0.04 | 217.1% | |
| Sept. 30, 2025 | $3.39 | $3.15 | 7.7% | |
| June 30, 2025 | $1.58 | $1.61 | -1.6% | |
| March 31, 2025 | $-0.04 | $0.02 | -321.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.34B | $5.12B | $4.70B | $4.32B | $3.80B | $3.59B | $3.47B | $3.69B | $3.57B | $3.50B | $3.50B | $3.49B | |
| Cost of Revenue | · | · | · | · | · | · | · | $1.08B | $981M | $1.08B | · | · | |
| Operating Expenses | $4.27B | $4.11B | $3.87B | $3.59B | $3.00B | $2.80B | $2.80B | $2.92B | $2.66B | $2.66B | $2.64B | $2.68B | |
| Operating Income | $1.07B | $1.01B | $825M | $732M | $805M | $788M | $672M | $774M | $910M | $836M | $855M | $811M | |
| Interest Expense | · | · | $331M | $256M | $233M | $229M | $217M | $218M | $198M | $186M | $179M | $185M | |
| Interest Income | $18M | $24M | $27M | $7M | $7M | $12M | $10M | $9M | $3M | $884.0K | $493.0K | $1M | |
| Other Non-op | $93M | $102M | $102M | $99M | $174M | $89M | $87M | $109M | $54M | $48M | $18M | $19M | |
| Pretax Income | $738M | $737M | $596M | · | · | · | · | · | · | · | · | $644M | |
| Income Tax | $107M | $111M | $77M | $75M | $110M | $78M | $-16M | $134M | $258M | $236M | $238M | $221M | |
| Net Income | $632M | $626M | $519M | $501M | $636M | $570M | $558M | $531M | $508M | $462M | $456M | $424M | |
| EPS (Basic) | $5.15 | $5.35 | $4.42 | $4.27 | $5.48 | $4.89 | $4.79 | $4.56 | $4.37 | $3.97 | $3.94 | $3.59 | |
| EPS (Diluted) | $5.05 | $5.24 | $4.41 | $4.26 | $5.47 | $4.87 | $4.77 | $4.54 | $4.35 | $3.95 | $3.92 | $3.58 | |
| Shares (Basic) | 119,687,000 | 113,846,000 | 113,442,000 | 113,196,000 | 112,910,000 | 112,666,000 | 112,443,000 | 112,129,000 | 111,839,000 | 111,409,000 | 111,026,000 | 110,626,000 | |
| Shares (Diluted) | 121,971,000 | 116,232,000 | 113,804,000 | 113,416,000 | 113,192,000 | 112,942,000 | 112,758,000 | 112,550,000 | 112,367,000 | 112,046,000 | 111,552,000 | 111,178,000 | |
| EBITDA | $2.04B | $1.97B | $1.68B | $1.55B | $1.52B | $1.47B | $1.34B | $1.42B | $1.55B | $1.42B | $1.43B | $1.31B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7M | $4M | $5M | $5M | $10M | $60M | $10M | $6M | $14M | $9M | $39M | $8M | |
| Other Current Assets | $109M | $75M | $101M | $60M | $84M | $77M | $62M | $56M | $48M | $45M | $37M | $39M | |
| Current Assets | $1.70B | $1.69B | $1.93B | $1.75B | $1.55B | $1.20B | $1.03B | $925M | $1.02B | $822M | $891M | $973M | |
| PP&E (Net) | $18.36B | $16.83B | $15.80B | $14.52B | $14.18B | $13.73B | $13.20B | $12.37B | $11.67B | $11.37B | $10.63B | $10.15B | |
| PP&E (Gross) | $27.37B | $25.86B | $24.21B | $22.45B | $21.69B | $20.84B | $19.84B | $18.74B | $17.80B | $17.34B | $16.22B | $15.54B | |
| Accum. Depreciation | $9.01B | $9.03B | $8.41B | $7.93B | $7.50B | $7.11B | $6.64B | $6.37B | $6.13B | $5.97B | $5.59B | $5.40B | |
| Intangibles | $576M | $591M | $267M | $259M | $274M | $283M | $291M | $263M | $257M | $90M | $124M | $120M | |
| Other Non-current Assets | $145M | $115M | $103M | $126M | $98M | $91M | $97M | $103M | $52M | $69M | $53M | $54M | |
| Total Assets | $30.03B | $26.10B | $24.66B | $22.72B | $22.00B | $20.02B | $18.48B | $17.66B | $17.02B | $16.00B | $15.03B | $14.29B | |
| Accounts Payable | $680M | $485M | $442M | $430M | $393M | $319M | $346M | $277M | $256M | $265M | $297M | $295M | |
| Short-term Debt | $757M | $568M | $610M | $341M | $292M | $169M | $115M | $76M | $95M | $177M | $0 | $147M | |
| Current Liabilities | $3.16B | $2.84B | $2.89B | $1.76B | $1.76B | $1.36B | $2.08B | $1.65B | $1.20B | $1.29B | $1.44B | $1.56B | |
| Capital Leases | $3.55B | $1.52B | $1.21B | $639M | $728M | $361M | $52M | $0 | · | · | · | · | |
| Deferred Tax | $2.47B | $2.44B | $2.42B | $2.38B | $2.31B | $2.14B | $1.99B | $1.81B | $1.69B | $2.95B | $2.72B | $2.58B | |
| Other Non-current Liabilities | $249M | $242M | $251M | $247M | $233M | $191M | $160M | $148M | $149M | $157M | $186M | $188M | |
| Long-term Debt | $9.81B | $8.86B | $8.42B | · | · | · | · | · | · | · | · | · | |
| Total Debt | $10.56B | $9.43B | $8.15B | $8.08B | $7.21B | $6.48B | $4.95B | $4.71B | $4.89B | $4.20B | $3.46B | $3.18B | |
| Common Stock | $3.23B | $3.12B | $2.75B | $2.72B | $2.70B | $2.68B | $2.66B | $2.63B | $2.61B | $2.60B | $2.54B | $2.51B | |
| Retained Earnings | $3.85B | $3.67B | $3.47B | $3.36B | $3.26B | $3.03B | $2.84B | $2.64B | $2.44B | $2.26B | $2.09B | $1.93B | |
| Treasury Stock | $3M | $3M | $8M | $5M | $6M | $6M | $9M | $5M | $6M | $4M | $6M | $3M | |
| AOCI | $-32M | $-31M | $-33M | $-31M | $-55M | $-63M | $-57M | $-48M | $-45M | $-44M | $-45M | $-68M | |
| Stockholders' Equity | $7.05B | $6.75B | $6.18B | $6.05B | $5.91B | $5.63B | $5.43B | $5.22B | $5.01B | $4.80B | $4.58B | $4.37B | |
| Liabilities + Equity | $30.03B | $26.10B | $24.66B | $22.72B | $22.00B | $20.02B | $18.48B | $17.66B | $17.02B | $16.00B | $15.03B | $14.29B |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $970M | $956M | $854M | $818M | $719M | $686M | $664M | $651M | $611M | $565M | $572M | $496M | |
| Stock-based Comp | $27M | $24M | $17M | $16M | $18M | $18M | $18M | $20M | $21M | $19M | $19M | $33M | |
| Deferred Tax | $-51M | $-21M | $-24M | $43M | $117M | $69M | $-1M | $117M | $248M | $207M | $237M | $159M | |
| Amort. of Intangibles | $157M | $136M | $90M | $84M | $80M | $70M | $66M | $68M | $72M | $58M | $58M | $53M | |
| Other Non-cash | $227M | $25M | $-158M | $-136M | $-631M | $-378M | $-282M | $-41M | $-269M | $-229M | $-170M | $20M | |
| Operating Cash Flow | $1.81B | $1.61B | $1.21B | $1.24B | $860M | $966M | $957M | $1.28B | $1.12B | $1.02B | $1.09B | $1.10B | |
| CapEx | $2.62B | $2.25B | $1.85B | $1.71B | $1.47B | $1.33B | $1.19B | $1.18B | $1.41B | $1.28B | $1.08B | $911M | |
| Investing Cash Flow | $-2.38B | $-1.93B | $-1.69B | $-1.62B | $-1.39B | $-1.28B | $-1.13B | $-1.19B | $-1.43B | $-1.25B | $-1.07B | $-923M | |
| Debt Issued | · | · | $689M | $876M | $747M | $1.60B | $1.09B | $445M | $848M | $693M | $842M | $731M | |
| Net Debt Issued | · | · | $657M | $726M | $747M | $682M | $492M | $263M | $723M | $323M | $427M | $79M | |
| Stock Issued | · | · | $-4M | $-3M | $-2M | $-1M | $692.0K | $-5M | $-13M | $-5M | $19M | $15M | |
| Stock Repurchased | · | · | $4M | $3M | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | · | $-4M | $-3M | $-2M | $-1M | $692.0K | $-5M | $-13M | $-5M | $19M | $15M | |
| Dividends Paid | $423M | $395M | $386M | $379M | $369M | $351M | $330M | $309M | $290M | $274M | $260M | $247M | |
| Financing Cash Flow | $576M | $323M | $487M | $371M | $477M | $361M | $179M | $-92M | $316M | $198M | $4M | $-179M | |
| Net Change in Cash | $3M | $-1M | $123.0K | $-5M | $-50M | $50M | $5M | $-8M | $5M | $-31M | $32M | $-2M | |
| Taxes Paid | $23M | $113M | $9M | $46M | $229.0K | $-3M | $13M | $21M | $2M | $10M | $7M | $-102M | |
| Free Cash Flow | $-820M | $-639M | $-639M | $-466M | $-613M | $-360M | $-235M | $99M | $-291M | $-252M | $18M | $189M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | $67M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 20.0% | 19.8% | 17.6% | 16.9% | 21.2% | 22.0% | 19.4% | 21.0% | 26.2% | 24.5% | 24.4% | 23.2% | |
| Net Margin | 11.8% | 12.2% | 11.1% | 11.6% | 16.7% | 15.9% | 16.1% | 14.4% | 14.2% | 13.2% | 13.1% | 12.1% | |
| Pretax Margin | 13.8% | · | · | · | · | · | · | · | · | · | · | 18.5% | |
| EBITDA Margin | 38.1% | 38.4% | 35.8% | 35.8% | 40.1% | 41.1% | 38.5% | 38.6% | 43.3% | 40.6% | 40.8% | 37.5% | |
| ROA | 2.2% | 2.5% | 2.2% | 2.2% | 3.0% | 3.0% | 3.1% | 3.1% | 3.1% | 3.0% | 3.1% | 3.0% | |
| ROE | 9.2% | 9.7% | 8.5% | 8.4% | 11.0% | 10.3% | 10.5% | 10.4% | 10.4% | 9.8% | 10.2% | 9.9% | |
| ROIC | 5.2% | · | · | · | · | · | · | · | · | · | · | 7.1% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.5 | 0.6 | 0.7 | 1.0 | 0.9 | 0.9 | 0.5 | 0.6 | 0.8 | 0.6 | 0.6 | 0.6 | |
| Quick Ratio | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Debt / Equity | 1.5 | 1.4 | 1.3 | 1.3 | 1.2 | 1.2 | 0.9 | 0.9 | 1.0 | 0.9 | 0.8 | 0.7 | |
| LT Debt / Equity | 1.3 | 1.2 | 1.2 | 1.3 | 1.2 | 1.1 | 0.9 | 0.9 | 1.0 | 0.8 | 0.8 | 0.7 | |
| Interest Coverage | · | · | 2.5 | 2.9 | 3.5 | 3.4 | 3.1 | 3.5 | 4.7 | 4.6 | 4.8 | 4.4 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $43.78 | $44.09 | $41.26 | $38.13 | $33.61 | $31.76 | $30.78 | $32.80 | $31.73 | $31.23 | $31.33 | $31.41 | |
| Cash Flow / Share | $14.80 | $13.85 | $10.61 | $10.95 | $7.60 | $8.56 | $8.48 | $11.35 | $9.95 | $9.13 | $9.81 | $9.89 | |
| Dividend / Share | $3.61 | $3.55 | $3.49 | $3.43 | $3.36 | $3.23 | $3.04 | $2.87 | $2.70 | $2.56 | $2.44 | $2.33 | |
| EPS (TTM) | $5.05 | $5.24 | $4.41 | $4.26 | $5.47 | $4.87 | $4.77 | $4.54 | $4.35 | $3.95 | $3.92 | $3.58 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 4.2% | 9.1% | 8.6% | 13.7% | 6.0% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 7.3% | 10.4% | 9.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 8.3% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -3.6% | 18.8% | 3.5% | -22.1% | 12.3% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 5.8% | -1.4% | -3.2% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 0.73% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 0.90% | 20.7% | 3.6% | -21.2% | 11.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 8.0% | -0.52% | -3.1% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 2.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 3.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.34B | $5.12B | $4.70B | $4.32B | $3.80B | $3.59B | $3.47B | $3.69B | $3.57B | $3.50B | $3.50B | $3.49B | |
| Net Income TTM | $632M | $626M | $519M | $501M | $636M | $570M | $558M | $531M | $508M | $462M | $456M | $424M | |
| P/E | 17.6 | 16.2 | 16.3 | 17.8 | 12.9 | 16.4 | 18.9 | 18.8 | 19.6 | 19.8 | 16.4 | 19.1 | |
| Earnings Yield | 5.7% | 6.2% | 6.1% | 5.6% | 7.8% | 6.1% | 5.3% | 5.3% | 5.1% | 5.1% | 6.1% | 5.2% | |
| Payout Ratio | 66.9% | 63.0% | 74.5% | 75.6% | 58.1% | 61.5% | 59.1% | 58.2% | 57.0% | 59.4% | 57.0% | 58.2% | |
| Annual Payout | $423M | $395M | $386M | $379M | $369M | $351M | $330M | $309M | $290M | $274M | $260M | $247M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.46B | $1.15B | $1.13B | $1.82B | $1.36B | $1.03B | $1.10B | $1.77B | $1.31B | $952M | $992M | $1.64B | $1.12B | $945M | $1.01B | $1.47B | |
| Operating Expenses | $1.15B | $1.02B | $1.01B | $1.24B | $1.05B | $975M | $1.01B | $1.22B | $995M | $885M | $917M | $1.12B | $938M | $894M | $973M | $1.05B | |
| Operating Income | $306M | $131M | $121M | $582M | $308M | $57M | $85M | $547M | $314M | $67M | $74M | $516M | $183M | $51M | $37M | $418M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $87M | · | $88M | $82M | $75M | · | $63M | |
| Interest Income | $2M | $3M | $3M | $5M | $4M | $6M | $5M | $6M | $5M | $8M | $5M | $10M | $6M | $6M | $2M | $2M | |
| Other Non-op | $29M | $21M | $11M | $25M | $26M | $31M | $8M | $25M | $25M | $45M | $19M | $31M | $25M | $27M | $4M | $29M | |
| Income Tax | $31M | $1M | $-3.0K | $78M | $35M | $-6M | $-10.0K | $74M | $32M | $4M | $3M | $57M | $16M | $1M | $-9M | $53M | |
| Net Income | $181M | $35M | $18M | $418M | $197M | $-338.0K | $-3M | $399M | $208M | $21M | $4M | $403M | $111M | $1M | $-20M | $331M | |
| EPS (Basic) | $1.47 | $0.27 | $0.13 | $3.45 | $1.61 | $-0.04 | $-0.06 | $3.47 | $1.79 | $0.15 | $0.00 | $3.51 | $0.94 | $-0.03 | $-0.21 | $2.88 | |
| EPS (Diluted) | $1.43 | $0.27 | $0.12 | $3.39 | $1.58 | $-0.04 | $-0.04 | $3.37 | $1.76 | $0.15 | $0.00 | $3.50 | $0.94 | $-0.03 | $-0.22 | $2.88 | |
| Shares (Basic) | 121,306,000 | 121,360,000 | · | 119,623,000 | 119,517,000 | 119,594,000 | · | 113,729,000 | 113,695,000 | 113,621,000 | · | 113,464,000 | 113,411,000 | 113,358,000 | · | 113,211,000 | |
| Shares (Diluted) | 124,494,000 | 123,778,000 | · | 121,956,000 | 121,865,000 | 119,594,000 | · | 117,119,000 | 115,803,000 | 114,227,000 | · | 113,838,000 | 113,717,000 | 113,358,000 | · | 113,463,000 | |
| EBITDA | $306M | $391M | · | $582M | $308M | $308M | · | $547M | $314M | $293M | · | $516M | $183M | $259M | · | $418M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $9M | $6M | $7M | $31M | $19M | $10M | $4M | $49M | $4M | $10M | · | $15M | $8M | $7M | · | $7M | |
| Other Current Assets | $179M | $152M | $109M | $75M | $103M | $91M | $75M | $87M | $140M | $131M | · | $108M | $102M | $78M | · | $65M | |
| Current Assets | $2.00B | $1.61B | $1.70B | $2.00B | $1.79B | $1.59B | $1.69B | $2.26B | $2.05B | $1.78B | · | $2.16B | $1.85B | $1.75B | · | $2.02B | |
| PP&E (Net) | $18.61B | $18.47B | $18.36B | $17.32B | $17.20B | $17.00B | $16.83B | $16.38B | $16.29B | $15.87B | · | $15.62B | $15.47B | $14.55B | · | $14.48B | |
| PP&E (Gross) | $27.91B | $27.62B | $27.37B | $26.27B | $25.90B | $26.33B | $25.86B | $25.26B | $25.01B | $24.46B | · | $23.94B | $23.67B | $22.62B | · | $22.28B | |
| Accum. Depreciation | $9.30B | $9.15B | $9.01B | $8.95B | $8.69B | $9.33B | $9.03B | $8.88B | $8.73B | $8.59B | · | $8.32B | $8.20B | $8.07B | · | $7.80B | |
| Intangibles | $536M | $540M | $576M | $544M | $569M | $555M | $591M | $587M | $593M | $513M | · | $249M | $256M | $260M | · | $247M | |
| Other Non-current Assets | $169M | $159M | $145M | $138M | $141M | $133M | $115M | $122M | $119M | $107M | · | $103M | $127M | $147M | · | $121M | |
| Total Assets | $32.58B | $30.69B | $30.03B | $29.89B | $29.24B | $27.24B | $26.10B | $26.31B | $25.70B | $24.85B | · | $24.43B | $23.98B | $23.58B | · | $22.84B | |
| Accounts Payable | $642M | $602M | $680M | $537M | $669M | $599M | $485M | $429M | $549M | $477M | · | $405M | $437M | $361M | · | $475M | |
| Short-term Debt | $819M | $594M | $757M | $676M | $1.41B | $870M | $568M | $624M | $531M | $794M | · | $424M | $305M | $498M | · | $467M | |
| Current Liabilities | $3.37B | $2.70B | $3.16B | $2.97B | $3.43B | $3.17B | $2.84B | $3.20B | $3.11B | $3.06B | · | $1.97B | $1.93B | $1.72B | · | $2.06B | |
| Capital Leases | $4.94B | $4.01B | $3.55B | $3.56B | $3.55B | $2.28B | $1.52B | $1.52B | $1.52B | $1.23B | · | $1.20B | $1.22B | $1.24B | · | $643M | |
| Deferred Tax | $2.52B | $2.48B | $2.47B | $2.49B | $2.47B | $2.45B | $2.44B | $2.45B | $2.44B | $2.40B | · | $2.41B | $2.36B | $2.38B | · | $2.42B | |
| Other Non-current Liabilities | $246M | $241M | $249M | $233M | $237M | $248M | $242M | $232M | $221M | $249M | · | $289M | $278M | $257M | · | $249M | |
| Long-term Debt | $10.55B | $10.40B | $9.81B | $9.80B | $8.86B | $8.86B | $8.86B | · | · | · | · | · | · | · | · | · | |
| Total Debt | $11.37B | $11.00B | · | $10.48B | $10.26B | $9.73B | · | $8.68B | $8.59B | $8.34B | · | $8.59B | $8.47B | $8.41B | · | $7.81B | |
| Common Stock | $3.23B | $3.22B | $3.23B | $3.15B | $3.12B | $3.11B | $3.12B | $2.77B | $2.76B | $2.76B | · | $2.74B | $2.74B | $2.73B | · | $2.72B | |
| Retained Earnings | $3.84B | $3.88B | $3.85B | $4.05B | $3.64B | $3.66B | $3.67B | $3.88B | $3.49B | $3.48B | · | $3.67B | $3.27B | $3.36B | · | $3.58B | |
| Treasury Stock | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $7M | $7M | $9M | · | $5M | $5M | $7M | · | $3M | |
| AOCI | $-31M | $-32M | $-32M | $-30M | $-30M | $-30M | $-31M | $-33M | $-33M | $-33M | · | $-30M | $-32M | $-32M | · | $-53M | |
| Stockholders' Equity | $7.03B | $7.07B | $7.05B | $7.17B | $6.73B | $6.74B | $6.75B | $6.62B | $6.21B | $6.20B | · | $6.37B | $5.97B | $6.05B | · | $6.24B | |
| Liabilities + Equity | $32.58B | $30.69B | $30.03B | $29.89B | $29.24B | $27.24B | $26.10B | $26.31B | $25.70B | $24.85B | · | $24.43B | $23.98B | $23.58B | · | $22.84B |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $257M | $260M | $238M | $239M | $242M | $251M | $245M | $246M | $239M | $226M | $218M | $220M | $208M | $209M | $205M | $208M | |
| Stock-based Comp | $5M | $8M | $6M | $9M | $5M | $7M | $7M | $6M | $5M | $6M | $5M | $5M | $4M | $4M | $3M | $5M | |
| Deferred Tax | $21M | $3M | $-41M | $-11M | $644.0K | $795.0K | $-8M | $-14M | $24M | $-23M | $11M | $550.0K | $-31M | $-5M | $-238.0K | $21M | |
| Other Non-cash | · | $-71M | · | · | · | $144M | · | · | · | $117M | · | · | · | $3M | · | · | |
| Operating Cash Flow | $394M | $235M | $477M | $665M | $261M | $402M | $439M | $633M | $190M | $347M | $374M | $396M | $226M | $212M | $210M | $444M | |
| CapEx | $729M | $628M | $670M | $623M | $710M | $623M | $532M | $666M | $534M | $518M | $532M | $396M | $473M | $445M | $431M | $434M | |
| Investing Cash Flow | $-649M | $-552M | $-546M | $-580M | $-667M | $-586M | $-464M | $-582M | $-463M | $-424M | $-458M | $-352M | $-431M | $-453M | $-396M | $-428M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | $0 | · | $102.0K | $504M | $185M | · | $130M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | $0 | · | · | · | $185M | · | · | |
| Stock Issued | · | · | · | · | · | · | · | · | · | $-4M | · | $387.0K | $104.0K | $-2M | · | $510.0K | |
| Stock Repurchased | · | · | · | · | · | · | · | $-423.0K | · | · | · | $-387.0K | · | · | · | · | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | $-4M | · | · | · | $-2M | · | · | |
| Dividends Paid | $110M | $108M | $107M | $105M | $105M | $105M | $100M | $98M | $98M | $98M | $98M | $96M | $96M | $96M | $96M | $94M | |
| Financing Cash Flow | $257M | $316M | $44M | $-73M | $415M | $190M | $-21M | $-6M | $268M | $81M | $74M | $-37M | $205M | $244M | $184M | $-38M | |
| Net Change in Cash | $3M | $-195.0K | $-24M | $12M | $9M | $6M | $-45M | $45M | $-6M | $5M | $-10M | $7M | $707.0K | $2M | $-2M | $-22M | |
| Taxes Paid | $8M | $-4.0K | $15M | $-42.0K | $19M | $-11M | $64M | $24M | $4M | $21M | $9M | $2.0K | $29.0K | $-12.0K | $41M | $7M | |
| Free Cash Flow | · | $-393M | · | · | · | $-221M | · | · | · | $-170M | · | · | · | $-234M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 21.0% | 11.4% | · | 32.0% | 22.6% | 5.5% | · | 30.9% | 24.0% | 7.0% | · | 31.5% | 16.3% | 5.4% | · | 28.4% | |
| Net Margin | 12.4% | 3.0% | · | 22.9% | 14.5% | -0.03% | · | 22.6% | 15.9% | 2.2% | · | 24.6% | 9.9% | 0.11% | · | 22.5% | |
| EBITDA Margin | 21.0% | 34.0% | · | 32.0% | 22.6% | 29.8% | · | 30.9% | 24.0% | 30.8% | · | 31.5% | 16.3% | 27.5% | · | 28.4% | |
| ROA | 0.58% | 0.12% | · | 1.5% | 0.72% | 0.00% | · | 1.6% | 0.84% | 0.09% | · | 1.7% | 0.48% | 0.00% | · | 1.5% | |
| ROE | 2.6% | 0.51% | · | 6.1% | 3.0% | -0.01% | · | 6.2% | 3.4% | 0.35% | · | 6.4% | 1.9% | 0.02% | · | 5.4% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.6 | 0.6 | · | 0.7 | 0.5 | 0.5 | · | 0.7 | 0.7 | 0.6 | · | 1.1 | 1.0 | 1.0 | · | 1.0 | |
| Quick Ratio | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Debt / Equity | 1.6 | 1.6 | · | 1.5 | 1.5 | 1.4 | · | 1.3 | 1.4 | 1.3 | · | 1.3 | 1.4 | 1.4 | · | 1.3 | |
| LT Debt / Equity | 1.4 | 1.4 | · | 1.3 | 1.3 | 1.2 | · | 1.2 | 1.3 | 1.2 | · | 1.3 | 1.4 | 1.3 | · | 1.2 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 0.8 | · | 5.9 | 2.2 | 0.7 | · | 6.6 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.1 | 0.0 | 0.0 | · | 0.1 | 0.1 | 0.0 | · | 0.1 | 0.0 | 0.0 | · | 0.1 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $11.69 | $9.29 | · | $14.93 | $11.15 | $8.63 | · | $15.10 | $11.30 | $8.33 | · | $14.39 | $9.86 | $8.34 | · | $12.95 | |
| Cash Flow / Share | · | $1.90 | · | · | · | $3.36 | · | · | · | $3.04 | · | · | · | $1.87 | · | · | |
| Dividend / Share | $1.82 | · | $1.82 | $0.00 | $1.79 | · | $1.79 | $0.00 | $1.76 | · | $1.76 | $0.00 | $1.73 | · | $1.73 | $0.00 | |
| EPS (TTM) | $5.21 | $5.36 | · | $4.89 | $4.87 | $5.05 | · | $5.28 | $5.41 | $4.59 | · | $4.19 | $3.57 | $4.08 | · | $4.72 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.55B | $5.46B | · | $5.31B | $5.26B | $5.21B | · | $5.02B | $4.89B | $4.70B | · | $4.71B | $4.55B | $4.49B | · | $4.11B | |
| Net Income TTM | $651M | $667M | · | $612M | $593M | $605M | · | $633M | $636M | $539M | · | $495M | $423M | $481M | · | $552M | |
| P/E | 20.5 | 18.8 | · | 18.3 | 18.4 | 18.9 | · | 16.8 | 14.1 | 16.3 | · | 17.6 | 22.8 | 19.4 | · | 13.7 | |
| Earnings Yield | 4.9% | 5.3% | · | 5.5% | 5.4% | 5.3% | · | 6.0% | 7.1% | 6.1% | · | 5.7% | 4.4% | 5.1% | · | 7.3% | |
| Payout Ratio | · | 308.9% | · | · | · | -31045.6% | · | · | · | 463.3% | · | · | · | 9522.1% | · | · | |
| Annual Payout | $431M | $426M | · | $416M | $409M | $402M | · | $393M | $391M | $388M | · | $384M | $383M | $381M | · | $377M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $5.34B | $5.12B | $4.70B | $4.32B | $3.80B |
| Operating Margin % | 20.0% | 19.8% | 17.6% | 16.9% | 21.2% |
| Net Income | $632M | $626M | $519M | $501M | $636M |
| Diluted EPS | $5.05 | $5.24 | $4.41 | $4.26 | $5.47 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 1.5 | 1.4 | 1.3 | 1.3 | 1.2 |
| Current Ratio | 0.5 | 0.6 | 0.7 | 1.0 | 0.9 |
| Quick Ratio | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-820M | $-639M | $-639M | $-466M | $-613M |
Institutional owners (13F) 776 filers · $15.4B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 79 (-34 vs prior Q) | 50 (+10 vs prior Q) | 294 (+34 vs prior Q) | 203 (+14 vs prior Q) | +11.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Capital Research Global Investors | $1,764,873,729 | 16,494,147 | 11.44% | Shares |
| VANGUARD GROUP INC | $1,300,444,892 | 14,661,160 | 8.43% | Shares |
| BlackRock, Inc. | $1,260,769,855 | 11,782,896 | 8.17% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $845,024,582 | 7,897,426 | 5.48% | Shares |
| STATE STREET CORP | $750,802,201 | 7,016,843 | 4.87% | Shares |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $703,597,867 | 6,575,681 | 4.56% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $640,583,106 | 5,986,758 | 4.15% | Shares |
| ATLAS Infrastructure Partners (UK) Ltd. | $570,548,182 | 5,332,226 | 3.70% | Shares |
| Invesco Ltd. | $446,560,220 | 4,173,460 | 2.89% | Shares |
| Soroban Capital Partners LP | $414,622,539 | 3,874,977 | 2.69% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $344,314,683 | 3,223,551 | 2.23% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $305,344,295 | 2,853,685 | 1.98% | Shares |
| TWO SIGMA INVESTMENTS, LP | $269,356,129 | 2,517,347 | 1.75% | Shares |
| MORGAN STANLEY | $204,802,771 | 1,914,042 | 1.33% | Shares |
| BARCLAYS PLC | $188,348,997 | 1,760,271 | 1.22% | Shares |
| GOLDMAN SACHS GROUP INC | $171,480,171 | 1,602,618 | 1.11% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $155,892,687 | 1,456,941 | 1.01% | Shares |
| AMERICAN CENTURY COMPANIES INC | $154,583,377 | 1,444,702 | 1.00% | Shares |
| Pictet Asset Management Holding SA | $150,918,899 | 1,410,457 | 0.98% | Shares |
| TWO SIGMA ADVISERS, LP | $147,081,542 | 1,658,191 | 0.95% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $146,903,838 | 1,372,876 | 0.95% | Shares |
| Nuveen, LLC | $143,709,912 | 1,343,084 | 0.93% | Shares |
| NORGES BANK | $139,625,263 | 1,304,909 | 0.91% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $126,085,911 | 1,178,373 | 0.82% | Shares |
| FMR LLC | $123,948,989 | 1,158,402 | 0.80% | Shares |
| Bank of New York Mellon Corp | $117,478,420 | 1,097,929 | 0.76% | Shares |
| FRANKLIN RESOURCES INC | $116,366,189 | 1,087,534 | 0.75% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $109,245,181 | 1,020,983 | 0.71% | Shares |
| Brookfield Corp /ON/ | $102,914,847 | 961,821 | 0.67% | Shares |
| NORTHERN TRUST CORP | $102,411,198 | 957,114 | 0.66% | Shares |
| UBS Group AG | $99,067,876 | 925,868 | 0.64% | Shares |
| FIRST TRUST ADVISORS LP | $98,753,881 | 922,934 | 0.64% | Shares |
| REAVES W H & CO INC | $97,775,102 | 913,786 | 0.63% | Shares |
| Empower Advisory Group, LLC | $96,480,426 | 901,686 | 0.63% | Shares |
| Squarepoint Ops LLC | $94,335,052 | 881,636 | 0.61% | Shares |
| BANK OF AMERICA CORP /DE/ | $81,992,909 | 766,289 | 0.53% | Shares |
| CINCINNATI FINANCIAL CORP | $78,052,220 | 729,460 | 0.51% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $72,818,208 | 680,544 | 0.47% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $66,867,510 | 624,930 | 0.43% | Shares |
| Quantinno Capital Management LP | $66,857,176 | 624,833 | 0.43% | Shares |
| Perpetual Ltd | $65,130,686 | 608,698 | 0.42% | Shares |
| HSBC HOLDINGS PLC | $64,952,138 | 606,558 | 0.42% | Shares |
| Epoch Investment Partners, Inc. | $62,955,590 | 588,370 | 0.41% | Shares |
| Legal & General Group Plc | $61,683,469 | 576,481 | 0.40% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $52,336,696 | 489,128 | 0.34% | Shares |
| Gotham Asset Management, LLC | $50,783,805 | 474,615 | 0.33% | Shares |
| Newport Trust Company, LLC | $48,342,814 | 451,802 | 0.31% | Shares |
| Balyasny Asset Management L.P. | $47,011,199 | 439,357 | 0.30% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $46,545,000 | 435,000 | 0.30% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $46,308,771 | 432,833 | 0.30% | Shares |
Company insiders 64 insiders · 16 officers · 30 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Theodore N Geisler | Chairman, CEO and President | March 18, 2026 G | 50,003 | 0 | 0 | $0 |
| Jeffrey B. Guldner | Chairman, President and CEO | March 18, 2025 F | 137,330 | 0 | 0 | $0 |
| James R Hatfield | EVP, Advisor to CEO | Nov. 9, 2021 S | 25,743 | 0 | 0 | $0 |
| Donald E Brandt | Chairman, President & CEO | Oct. 22, 2019 F | 82,149 | 0 | 0 | $0 |
| Andrew D Cooper | SVP & CFO | March 18, 2026 F | 29,053 | 0 | 0 | $0 |
| Elizabeth A Blankenship | VP, Controller and CAO | Aug. 10, 2026 S | 10,886 | 0 | 1 | $-97,177 |
| Shirley A Baum | SVP and GC | March 18, 2026 F | 5,846 | 0 | 0 | $0 |
| Christopher R. Bauer | VP and Treasurer | Feb. 20, 2026 M | 494 | 0 | 0 | $0 |
| Paul J Mountain | VP, Finance and Planning | May 6, 2025 S | 3,421 | 0 | 0 | $0 |
| Robert Edgar Smith | EVP, CLO, and CDO | March 18, 2025 F | 18,328 | 0 | 0 | $0 |
| Lee R. Nickloy | VP | Feb. 25, 2020 S | 0 | 0 | 0 | $0 |
| Denise R Danner | VP, Controller & CAO | Feb. 27, 2019 S | 6,479 | 0 | 0 | $0 |
| David P Falck | EVP, Law | Feb. 20, 2018 A | 44,881 | 0 | 0 | $0 |
| Chris N Froggatt | VP & Treasurer, PNW & APS | Aug. 24, 2009 S | 21,100 | 0 | 0 | $0 |
| Nancy C Loftin | SVP, General Counsel & Secy | Feb. 20, 2009 M | 27,948 | 0 | 0 | $0 |
| Robert S Aiken | Vice President | Feb. 6, 2004 S | 5,026 | 0 | 0 | $0 |
| Susan T. Flanagan | Director | May 14, 2026 A | 750 | 0 | 0 | $0 |
| Ronald Butler Jr | Director | May 14, 2026 A | · | 0 | 0 | $0 |
| Gonzalo A De La Melena Jr | Director | May 14, 2026 A | 2,524 | 0 | 0 | $0 |
| Kristine L Svinicki | Director | May 14, 2026 A | 2,634 | 0 | 0 | $0 |
| Carol S Eicher | Director | May 14, 2026 A | · | 0 | 0 | $0 |
| Paula J Sims | Director | May 14, 2026 A | 11,032 | 0 | 0 | $0 |
| Glynis Bryan | Director | May 14, 2026 A | 521 | 0 | 0 | $0 |
| James E Trevathan JR | Director | May 14, 2026 A | 2,660 | 0 | 0 | $0 |
| William H Spence | Director | May 14, 2026 A | 6,291 | 0 | 0 | $0 |
| Richard P Fox | Director | May 21, 2025 A | 10,626 | 0 | 0 | $0 |
| Bruce J Nordstrom | Director | May 22, 2024 A | 38,494 | 0 | 0 | $0 |
| Kathryn L Munro | Director | May 17, 2023 A | 16,180 | 0 | 0 | $0 |
| Dale E. Klein | Director | May 18, 2022 A | 100 | 0 | 0 | $0 |
| David Wagener | Director | May 18, 2022 A | 19,327 | 0 | 0 | $0 |
| Denis A. Cortese | Director | May 19, 2021 G | 18,762 | 0 | 0 | $0 |
| LOPEZ HUMBERTO S | Director | May 20, 2020 A | 53,693 | 0 | 0 | $0 |
| Michael L Gallagher | Director | May 15, 2019 A | 7,786 | 0 | 0 | $0 |
| HERBERGER ROY A JR | Director | March 14, 2018 S | 24,137 | 0 | 0 | $0 |
| Susan Clark Johnson | Director | May 21, 2014 A | 13,073 | 0 | 0 | $0 |
| Edward N Basha JR | Director | June 29, 2012 A | 1,730 | 0 | 0 | $0 |
| Douglas W Parker | Director | July 1, 2011 A | 7,993 | 0 | 0 | $0 |
| GRANT PAMELA | Director | July 1, 2011 A | 28,250 | 0 | 0 | $0 |
| POST WILLIAM J | Director | Feb. 19, 2010 M | 68,762 | 0 | 0 | $0 |
| William Stewart | Director | July 1, 2009 A | 36,763 | 0 | 0 | $0 |
| JAMIESON WILLIAM S JR | Director | July 1, 2009 A | 15,890 | 0 | 0 | $0 |
| Jack E Davis | Director | March 18, 2008 F | 59,504 | 0 | 0 | $0 |
| HESSE MARTHA O | Director | May 4, 2007 S | 1,100 | 0 | 0 | $0 |
| Jose Luis Esparza Jr | · | Aug. 7, 2026 S | 4,910 | 0 | 1 | $-183,618 |
| Jacob Tetlow | · | May 13, 2026 S | 6,634 | 0 | 2 | $-650,133 |
| Adam C Heflin | · | March 18, 2026 F | 39,471 | 0 | 0 | $0 |
| Donna M Easterly | · | Dec. 31, 2023 A | 9,694 | 0 | 0 | $0 |
| Barbara D Lockwood | · | Dec. 6, 2022 S | 0 | 0 | 0 | $0 |
| Maria L Lacal | · | Feb. 22, 2022 A | 24,578 | 0 | 0 | $0 |
| Daniel T Froetscher | · | Feb. 19, 2021 M | 12,726 | 0 | 0 | $0 |
| Robert S Bement | · | Feb. 20, 2020 M | 10,268 | 0 | 0 | $0 |
| John S. Hatfield | · | Feb. 20, 2019 M | 2,774 | 0 | 0 | $0 |
| Mark A. Schiavoni | · | May 29, 2018 S | 25,496 | 0 | 0 | $0 |
| Barbara M Gomez | · | May 16, 2017 S | 3,443 | 0 | 0 | $0 |
| Randall K Edington | · | Feb. 21, 2017 A | 28,189 | 0 | 0 | $0 |
| Tammy D Mcleod | · | March 8, 2016 I | 0 | 0 | 0 | $0 |
| DINKEL PATRICK | · | Feb. 19, 2016 M | 4,110 | 0 | 0 | $0 |
| Lori S Sundberg | · | Feb. 27, 2013 S | 9,937 | 0 | 0 | $0 |
| Donald G Robinson | · | Feb. 20, 2013 M | 41,855 | 0 | 0 | $0 |
| Steven M Wheeler | · | Feb. 19, 2010 M | 17,729 | 0 | 0 | $0 |
| John R. Denman | · | Feb. 20, 2009 M | 28,112 | 0 | 0 | $0 |
| Jan H. Bennett | · | March 18, 2008 G | 12,419 | 0 | 0 | $0 |
| Armando B Flores | · | March 18, 2008 F | 21,378 | 0 | 0 | $0 |
| James M Levine | · | Feb. 22, 2007 F | 36,378 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 103 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| RSPU · Invesco Exchange-Traded Fund Trust | 3.36% | 168,047 SH | Oct. 2, 2026 | Daily |
| FXU · First Trust Exchange-Traded AlphaDE… | 3.20% | 263,396 NS | July 31, 2026 | N-PORT |
| UTES · ETFis Series Trust I | 2.93% | 381,553 NS | July 31, 2026 | N-PORT |
| PUI · Invesco Exchange-Traded Fund Trust | 1.86% | 9,428 SH | Oct. 2, 2026 | Daily |
| PEY · Invesco Exchange-Traded Fund Trust | 1.73% | 196,180 SH | Oct. 2, 2026 | Daily |
| SPHD · Invesco Exchange-Traded Fund Trust … | 1.49% | 499,416 SH | Oct. 2, 2026 | Daily |
| ZAP · Global X Funds | 1.27% | 57,886 NS | July 31, 2026 | N-PORT |
| SPLV · Invesco Exchange-Traded Fund Trust … | 1.21% | 880,388 SH | Oct. 2, 2026 | Daily |
| DVY · iShares Trust | 0.93% | 2,276,634 SH | Sept. 11, 2026 | Daily |
| SPVM · Invesco Exchange-Traded Fund Trust | 0.83% | 11,588 SH | Oct. 2, 2026 | Daily |
| VPU · VANGUARD WORLD FUND | 0.82% | 828,547 SH | Aug. 19, 2026 | Daily |
| FUTY · FIDELITY COVINGTON TRUST | 0.80% | 183,204 NS | July 31, 2026 | N-PORT |
| IDU · iShares Trust | 0.75% | 100,380 SH | Sept. 11, 2026 | Daily |
| LSEQ · Harbor ETF Trust | 0.70% | 1,065 NS | July 31, 2026 | N-PORT |
| UTSL · Direxion Shares ETF Trust | 0.69% | 2,572 NS | July 31, 2026 | N-PORT |
| HUSV · First Trust Exchange-Traded Fund III | 0.59% | 4,323 NS | July 31, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.59% | 2,099 NS | July 31, 2026 | N-PORT |
| JXI · iShares Trust | 0.54% | 16,790 SH | Sept. 11, 2026 | Daily |
| POWR · iShares, Inc. | 0.47% | 22,226 SH | Sept. 11, 2026 | Daily |
| RPV · Invesco Exchange-Traded Fund Trust | 0.46% | 80,571 SH | Oct. 2, 2026 | Daily |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.40% | 9,084 NS | July 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.36% | 16,739 NS | July 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.36% | 16,394 NS | July 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.32% | 20,416 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.28% | 1,764,446 SH | Aug. 19, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.27% | 53,215 NS | July 31, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.22% | 5,285 NS | July 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.21% | 28,879 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.20% | 16,843 SH | Oct. 2, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 2,008,392 SH | Oct. 2, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.19% | 16,064 NS | July 31, 2026 | N-PORT |
| SMMD · iShares Trust | 0.16% | 64,650 SH | Sept. 11, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.16% | 241,904 NS | July 31, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.15% | 2,779,491 SH | Aug. 19, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.14% | 7,450,000 SH | Sept. 11, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.14% | 180,000 | Oct. 1, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.12% | 2,009 NS | July 31, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.12% | 3,430,000 | Oct. 2, 2026 | Daily |
| IWS · iShares Trust | 0.11% | 180,857 SH | Sept. 11, 2026 | Daily |
| WSML · iShares Trust | 0.11% | 7,615 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.09% | 497,210 SH | Sept. 11, 2026 | Daily |
| XOEF · iShares Trust | 0.07% | 155 SH | Sept. 11, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.05% | 482,891 SH | Aug. 19, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.04% | 3,452 SH | Oct. 2, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.04% | 28,030 SH | Aug. 19, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.04% | 73,069 SH | Aug. 19, 2026 | Daily |
| IVE · iShares Trust | 0.04% | 201,737 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.04% | 106,151 SH | Sept. 11, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.03% | 35,816 SH | Oct. 2, 2026 | Daily |
| IWD · iShares Trust | 0.03% | 268,799 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.03% | 5,994 NS | July 31, 2026 | N-PORT |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.03% | 28,460 SH | Oct. 2, 2026 | Daily |
| EGLE · Global X Funds | 0.03% | 6 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.03% | 8,934 NS | July 31, 2026 | N-PORT |
| LGDX · Tidal Trust III | 0.02% | 340 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.02% | 113,550 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.02% | 142 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.02% | 75 SH | Sept. 10, 2026 | Daily |
| XTR · Global X Funds | 0.02% | 10 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.02% | 6,634 NS | July 31, 2026 | N-PORT |
| GSY · Invesco Actively Managed Exchange-T… | 0.02% | 779,000 | Oct. 1, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.02% | 25,112 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.02% | 3,149,787 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.02% | 3,848,045 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.02% | 20,021 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.02% | 10,263 SH | Aug. 19, 2026 | Daily |
| XCLR · Global X Funds | 0.02% | 7 NS | July 31, 2026 | N-PORT |
| CATH · Global X Funds | 0.02% | 2,491 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.02% | 94 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.02% | 15 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.02% | 6,067 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.02% | 1,527,777 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.02% | 37,019 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.02% | 716 SH | Oct. 2, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.02% | 457 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.02% | 2,909 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.02% | 82,666 SH | Sept. 11, 2026 | Daily |
| DIVB · iShares Trust | 0.02% | 3,474 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.02% | 5,107 SH | Sept. 10, 2026 | Daily |
| IWV · iShares Trust | 0.02% | 33,372 SH | Sept. 10, 2026 | Daily |
| ITOT · iShares Trust | 0.02% | 152,396 SH | Sept. 11, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.02% | 844 NS | July 31, 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.01% | 2,637 SH | Oct. 2, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.01% | 96 SH | Oct. 2, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.01% | 9,476 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 5,046 SH | Oct. 2, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 91,429 SH | Aug. 19, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.00% | 600 | Sept. 30, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| IFRA · iShares Trust | · | 147,925 SH | Sept. 11, 2026 | Daily |
| ISCB · iShares Trust | · | 5,468 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 26,890 SH | Sept. 11, 2026 | Daily |
| SMMV · iShares Trust | · | 40,256 SH | Aug. 19, 2026 | Daily |
PNW Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
14 analysts · 2026-10-03Mean target $104.21 +8.6%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| PNW | · | 17.6 | 4.2% | 11.8% | 9.2% | · |
| EIX | $23.09B | 5.2 | 9.8% | 23.1% | 26.9% | · |
| NRG | $30.32B | 39.7 | 9.2% | 2.8% | 43.5% | · |
| EVRG | · | 19.8 | 1.9% | 14.3% | 8.5% | · |
| LNT | $16.72B | 20.7 | 9.6% | 18.6% | 11.3% | · |
| OGE | $8.80B | 18.4 | 9.2% | 14.4% | 9.8% | · |
| IDA | · | 21.5 | -1.2% | 18.5% | 9.4% | · |
| OKLO | $11.52B | -99.7 | · | · | -9.7% | · |
| TXNM | $6.41B | 39.8 | 9.9% | 7.8% | 5.7% | · |
| POR | $5.55B | 17.3 | 4.0% | 8.6% | 7.7% | · |
| NEE | $167.22B | 24.3 | 9.8% | 26.5% | 13.1% | · |
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