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Side-by-side financial comparison of CoStar Group (CSGP) 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 $899.9M, roughly 1.3× CoStar Group). CoStar Group runs the higher net margin — 5.2% vs 1.6%, a 3.6% gap on every dollar of revenue. On growth, CoStar Group posted the faster year-over-year revenue change (26.9% vs 3.0%). CoStar Group produced more free cash flow last quarter ($101.3M vs $-192.7M). Over the past eight quarters, CoStar Group's revenue compounded faster (17.1% CAGR vs 8.9%).

CoStar Group, Inc. is an American provider of information, analytics, and marketing services to the commercial property industry in North America and Europe. Founded in 1987 by Andrew C. Florance and based in Arlington, Virginia, the company operates the CoStar online database and news website and several online marketplaces, including Apartments.com and Homes.com.

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).

CSGP vs PNW — Head-to-Head

Bigger by revenue
PNW
PNW
1.3× larger
PNW
$1.1B
$899.9M
CSGP
Growing faster (revenue YoY)
CSGP
CSGP
+23.9% gap
CSGP
26.9%
3.0%
PNW
Higher net margin
CSGP
CSGP
3.6% more per $
CSGP
5.2%
1.6%
PNW
More free cash flow
CSGP
CSGP
$294.0M more FCF
CSGP
$101.3M
$-192.7M
PNW
Faster 2-yr revenue CAGR
CSGP
CSGP
Annualised
CSGP
17.1%
8.9%
PNW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSGP
CSGP
PNW
PNW
Revenue
$899.9M
$1.1B
Net Profit
$46.5M
$17.6M
Gross Margin
78.6%
Operating Margin
5.5%
10.7%
Net Margin
5.2%
1.6%
Revenue YoY
26.9%
3.0%
Net Profit YoY
-22.2%
798.0%
EPS (diluted)
$0.12
$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
CSGP
CSGP
PNW
PNW
Q4 25
$899.9M
$1.1B
Q3 25
$833.6M
$1.8B
Q2 25
$781.3M
$1.4B
Q1 25
$732.2M
$1.0B
Q4 24
$709.4M
$1.1B
Q3 24
$692.6M
$1.8B
Q2 24
$677.8M
$1.3B
Q1 24
$656.4M
$951.7M
Net Profit
CSGP
CSGP
PNW
PNW
Q4 25
$46.5M
$17.6M
Q3 25
$-30.9M
$417.5M
Q2 25
$6.2M
$196.9M
Q1 25
$-14.8M
$-338.0K
Q4 24
$59.8M
$-2.5M
Q3 24
$53.0M
$399.3M
Q2 24
$19.2M
$208.1M
Q1 24
$6.7M
$21.2M
Gross Margin
CSGP
CSGP
PNW
PNW
Q4 25
78.6%
Q3 25
79.3%
Q2 25
78.5%
Q1 25
79.1%
Q4 24
80.1%
Q3 24
79.7%
Q2 24
80.0%
Q1 24
78.5%
Operating Margin
CSGP
CSGP
PNW
PNW
Q4 25
5.5%
10.7%
Q3 25
-6.1%
32.0%
Q2 25
-3.5%
22.6%
Q1 25
-5.8%
5.5%
Q4 24
5.6%
7.7%
Q3 24
3.4%
30.9%
Q2 24
-2.4%
24.0%
Q1 24
-6.5%
7.0%
Net Margin
CSGP
CSGP
PNW
PNW
Q4 25
5.2%
1.6%
Q3 25
-3.7%
22.9%
Q2 25
0.8%
14.5%
Q1 25
-2.0%
-0.0%
Q4 24
8.4%
-0.2%
Q3 24
7.7%
22.6%
Q2 24
2.8%
15.9%
Q1 24
1.0%
2.2%
EPS (diluted)
CSGP
CSGP
PNW
PNW
Q4 25
$0.12
$0.12
Q3 25
$-0.07
$3.39
Q2 25
$0.01
$1.58
Q1 25
$-0.04
$-0.04
Q4 24
$0.14
$-0.04
Q3 24
$0.13
$3.37
Q2 24
$0.05
$1.76
Q1 24
$0.02
$0.15

Balance Sheet & Financial Strength

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

Metric
CSGP
CSGP
PNW
PNW
Cash + ST InvestmentsLiquidity on hand
$1.6B
$6.6M
Total DebtLower is stronger
$140.0M
Stockholders' EquityBook value
$8.3B
$7.0B
Total Assets
$10.5B
$30.0B
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSGP
CSGP
PNW
PNW
Q4 25
$1.6B
$6.6M
Q3 25
$1.9B
$30.9M
Q2 25
$3.6B
$18.8M
Q1 25
$3.7B
$10.0M
Q4 24
$4.7B
$3.8M
Q3 24
$49.2M
Q2 24
$4.0M
Q1 24
$9.6M
Total Debt
CSGP
CSGP
PNW
PNW
Q4 25
$140.0M
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$1.0B
Q1 24
$1.0B
Stockholders' Equity
CSGP
CSGP
PNW
PNW
Q4 25
$8.3B
$7.0B
Q3 25
$8.6B
$7.2B
Q2 25
$8.6B
$6.7B
Q1 25
$8.6B
$6.7B
Q4 24
$7.6B
$6.8B
Q3 24
$7.5B
$6.6B
Q2 24
$7.4B
$6.2B
Q1 24
$7.3B
$6.2B
Total Assets
CSGP
CSGP
PNW
PNW
Q4 25
$10.5B
$30.0B
Q3 25
$10.8B
$29.9B
Q2 25
$10.5B
$29.2B
Q1 25
$10.4B
$27.2B
Q4 24
$9.3B
$26.1B
Q3 24
$9.1B
$26.3B
Q2 24
$9.1B
$25.7B
Q1 24
$9.0B
$24.8B
Debt / Equity
CSGP
CSGP
PNW
PNW
Q4 25
0.02×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.12×
Q4 24
0.13×
Q3 24
0.13×
Q2 24
0.14×
Q1 24
0.14×

Cash Flow & Capital Efficiency

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

Metric
CSGP
CSGP
PNW
PNW
Operating Cash FlowLast quarter
$162.1M
$476.8M
Free Cash FlowOCF − Capex
$101.3M
$-192.7M
FCF MarginFCF / Revenue
11.3%
-17.1%
Capex IntensityCapex / Revenue
6.8%
59.3%
Cash ConversionOCF / Net Profit
3.49×
27.09×
TTM Free Cash FlowTrailing 4 quarters
$123.0M
$-819.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSGP
CSGP
PNW
PNW
Q4 25
$162.1M
$476.8M
Q3 25
$68.2M
$665.0M
Q2 25
$146.5M
$261.4M
Q1 25
$53.2M
$401.9M
Q4 24
$94.6M
$439.5M
Q3 24
$100.3M
$633.2M
Q2 24
$58.1M
$189.8M
Q1 24
$139.6M
$347.4M
Free Cash Flow
CSGP
CSGP
PNW
PNW
Q4 25
$101.3M
$-192.7M
Q3 25
$-5.5M
$42.0M
Q2 25
$27.7M
$-448.1M
Q1 25
$-500.0K
$-220.7M
Q4 24
$25.2M
$-92.1M
Q3 24
$40.2M
$-32.7M
Q2 24
$-14.7M
$-344.2M
Q1 24
$-237.1M
$-170.4M
FCF Margin
CSGP
CSGP
PNW
PNW
Q4 25
11.3%
-17.1%
Q3 25
-0.7%
2.3%
Q2 25
3.5%
-33.0%
Q1 25
-0.1%
-21.4%
Q4 24
3.6%
-8.4%
Q3 24
5.8%
-1.8%
Q2 24
-2.2%
-26.3%
Q1 24
-36.1%
-17.9%
Capex Intensity
CSGP
CSGP
PNW
PNW
Q4 25
6.8%
59.3%
Q3 25
8.8%
34.2%
Q2 25
15.2%
52.2%
Q1 25
7.3%
60.3%
Q4 24
9.8%
48.5%
Q3 24
8.7%
37.6%
Q2 24
10.7%
40.8%
Q1 24
57.4%
54.4%
Cash Conversion
CSGP
CSGP
PNW
PNW
Q4 25
3.49×
27.09×
Q3 25
1.59×
Q2 25
23.63×
1.33×
Q1 25
Q4 24
1.58×
Q3 24
1.89×
1.59×
Q2 24
3.03×
0.91×
Q1 24
20.84×
16.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CSGP
CSGP

Co Star$503.8M56%
Other$283.0M31%
Loop Net$94.7M11%

PNW
PNW

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

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