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Side-by-side financial comparison of CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) and Pinnacle West Capital (PNW). Click either name above to swap in a different company.

Pinnacle West Capital is the larger business by last-quarter revenue ($1.1B vs $797.2M, roughly 1.4× CRACKER BARREL OLD COUNTRY STORE, INC). Pinnacle West Capital runs the higher net margin — 1.6% vs -3.1%, a 4.6% gap on every dollar of revenue. On growth, Pinnacle West Capital posted the faster year-over-year revenue change (3.0% vs -10.9%). CRACKER BARREL OLD COUNTRY STORE, INC produced more free cash flow last quarter ($-88.9M vs $-192.7M). Over the past eight quarters, Pinnacle West Capital's revenue compounded faster (8.9% CAGR vs -2.4%).

Cracker Barrel Old Country Store, Inc., doing business as Cracker Barrel, is an American chain of restaurant and gift stores with a Southern country theme. The company's headquarters are in Lebanon, Tennessee, where Cracker Barrel was founded by Dan Evins and Tommy Lowe in 1969. The chain's early locations were positioned near Interstate Highway exits in the Southeastern and Midwestern United States, but expanded across the country during the 1990s and 2000s. As of August 10, 2023, the compan...

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).

CBRL vs PNW — Head-to-Head

Bigger by revenue
PNW
PNW
1.4× larger
PNW
$1.1B
$797.2M
CBRL
Growing faster (revenue YoY)
PNW
PNW
+13.9% gap
PNW
3.0%
-10.9%
CBRL
Higher net margin
PNW
PNW
4.6% more per $
PNW
1.6%
-3.1%
CBRL
More free cash flow
CBRL
CBRL
$103.8M more FCF
CBRL
$-88.9M
$-192.7M
PNW
Faster 2-yr revenue CAGR
PNW
PNW
Annualised
PNW
8.9%
-2.4%
CBRL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CBRL
CBRL
PNW
PNW
Revenue
$797.2M
$1.1B
Net Profit
$-24.6M
$17.6M
Gross Margin
68.8%
Operating Margin
-4.1%
10.7%
Net Margin
-3.1%
1.6%
Revenue YoY
-10.9%
3.0%
Net Profit YoY
-235.7%
798.0%
EPS (diluted)
$-1.10
$0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CBRL
CBRL
PNW
PNW
Q4 25
$797.2M
$1.1B
Q3 25
$1.8B
Q2 25
$821.1M
$1.4B
Q1 25
$949.4M
$1.0B
Q4 24
$1.1B
Q3 24
$894.4M
$1.8B
Q2 24
$817.1M
$1.3B
Q1 24
$935.4M
$951.7M
Net Profit
CBRL
CBRL
PNW
PNW
Q4 25
$-24.6M
$17.6M
Q3 25
$417.5M
Q2 25
$12.6M
$196.9M
Q1 25
$22.2M
$-338.0K
Q4 24
$-2.5M
Q3 24
$18.1M
$399.3M
Q2 24
$-9.2M
$208.1M
Q1 24
$26.5M
$21.2M
Gross Margin
CBRL
CBRL
PNW
PNW
Q4 25
68.8%
Q3 25
Q2 25
69.9%
Q1 25
67.4%
Q4 24
Q3 24
69.6%
Q2 24
70.0%
Q1 24
66.3%
Operating Margin
CBRL
CBRL
PNW
PNW
Q4 25
-4.1%
10.7%
Q3 25
32.0%
Q2 25
1.8%
22.6%
Q1 25
3.1%
5.5%
Q4 24
7.7%
Q3 24
2.5%
30.9%
Q2 24
-2.4%
24.0%
Q1 24
3.3%
7.0%
Net Margin
CBRL
CBRL
PNW
PNW
Q4 25
-3.1%
1.6%
Q3 25
22.9%
Q2 25
1.5%
14.5%
Q1 25
2.3%
-0.0%
Q4 24
-0.2%
Q3 24
2.0%
22.6%
Q2 24
-1.1%
15.9%
Q1 24
2.8%
2.2%
EPS (diluted)
CBRL
CBRL
PNW
PNW
Q4 25
$-1.10
$0.12
Q3 25
$3.39
Q2 25
$0.56
$1.58
Q1 25
$0.99
$-0.04
Q4 24
$-0.04
Q3 24
$0.80
$3.37
Q2 24
$-0.41
$1.76
Q1 24
$1.19
$0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBRL
CBRL
PNW
PNW
Cash + ST InvestmentsLiquidity on hand
$8.9M
$6.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$428.8M
$7.0B
Total Assets
$2.2B
$30.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBRL
CBRL
PNW
PNW
Q4 25
$8.9M
$6.6M
Q3 25
$30.9M
Q2 25
$9.8M
$18.8M
Q1 25
$10.3M
$10.0M
Q4 24
$3.8M
Q3 24
$12.0M
$49.2M
Q2 24
$11.9M
$4.0M
Q1 24
$12.6M
$9.6M
Stockholders' Equity
CBRL
CBRL
PNW
PNW
Q4 25
$428.8M
$7.0B
Q3 25
$7.2B
Q2 25
$469.3M
$6.7B
Q1 25
$460.9M
$6.7B
Q4 24
$6.8B
Q3 24
$440.1M
$6.6B
Q2 24
$426.6M
$6.2B
Q1 24
$462.0M
$6.2B
Total Assets
CBRL
CBRL
PNW
PNW
Q4 25
$2.2B
$30.0B
Q3 25
$29.9B
Q2 25
$2.1B
$29.2B
Q1 25
$2.1B
$27.2B
Q4 24
$26.1B
Q3 24
$2.2B
$26.3B
Q2 24
$2.2B
$25.7B
Q1 24
$2.2B
$24.8B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CBRL
CBRL
PNW
PNW
Operating Cash FlowLast quarter
$-53.4M
$476.8M
Free Cash FlowOCF − Capex
$-88.9M
$-192.7M
FCF MarginFCF / Revenue
-11.2%
-17.1%
Capex IntensityCapex / Revenue
4.5%
59.3%
Cash ConversionOCF / Net Profit
27.09×
TTM Free Cash FlowTrailing 4 quarters
$-819.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBRL
CBRL
PNW
PNW
Q4 25
$-53.4M
$476.8M
Q3 25
$665.0M
Q2 25
$23.0M
$261.4M
Q1 25
$401.9M
Q4 24
$439.5M
Q3 24
$69.5M
$633.2M
Q2 24
$37.6M
$189.8M
Q1 24
$77.7M
$347.4M
Free Cash Flow
CBRL
CBRL
PNW
PNW
Q4 25
$-88.9M
$-192.7M
Q3 25
$42.0M
Q2 25
$-13.6M
$-448.1M
Q1 25
$-220.7M
Q4 24
$-92.1M
Q3 24
$22.1M
$-32.7M
Q2 24
$8.2M
$-344.2M
Q1 24
$50.9M
$-170.4M
FCF Margin
CBRL
CBRL
PNW
PNW
Q4 25
-11.2%
-17.1%
Q3 25
2.3%
Q2 25
-1.7%
-33.0%
Q1 25
-21.4%
Q4 24
-8.4%
Q3 24
2.5%
-1.8%
Q2 24
1.0%
-26.3%
Q1 24
5.4%
-17.9%
Capex Intensity
CBRL
CBRL
PNW
PNW
Q4 25
4.5%
59.3%
Q3 25
34.2%
Q2 25
4.5%
52.2%
Q1 25
60.3%
Q4 24
48.5%
Q3 24
5.3%
37.6%
Q2 24
3.6%
40.8%
Q1 24
2.9%
54.4%
Cash Conversion
CBRL
CBRL
PNW
PNW
Q4 25
27.09×
Q3 25
1.59×
Q2 25
1.83×
1.33×
Q1 25
Q4 24
Q3 24
3.83×
1.59×
Q2 24
0.91×
Q1 24
2.93×
16.41×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CBRL
CBRL

Restaurant$650.6M82%
Retail$146.6M18%

PNW
PNW

Electricand Transmission Service$1.1B100%
Other Services$4.4M0%

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