Flagship explainer

What drives PINNACLE WEST CAPITAL CORP’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity9%Tax burden86%net income ÷ pretax incomeInterest burden69%pretax ÷ operating incomeOperating margin20%operating income ÷ revenueAsset turnover0.19×revenue ÷ average assetsEquity multiplier4.07×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$632MFY2025
Income before tax$738MFY2025
Operating income$1.1BFY2025
$5.3BFY2025
Ending assets$30.0BFY2025
Beginning assets$26.1BFY2024
$7.0BFY2025
$6.8BFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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