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Side-by-side financial comparison of MATTEL INC (MAT) 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 $862.2M, roughly 1.3× MATTEL INC). MATTEL INC runs the higher net margin — 7.1% vs 1.6%, a 5.5% gap on every dollar of revenue. On growth, MATTEL INC posted the faster year-over-year revenue change (4.3% vs 3.0%). MATTEL INC produced more free cash flow last quarter ($-88.1M vs $-192.7M). Over the past eight quarters, Pinnacle West Capital's revenue compounded faster (8.9% CAGR vs -10.6%).

Mattel Films was the film production division of American toy and entertainment company Mattel that operated from September 6, 2018 to June 2, 2025. It succeeded Mattel Playground Productions, which was formed on October 16, 2013 as part of Mattel Global Brands, a unified media structural and strategy unit, as itself the successor to Mattel Entertainment and Mattel Studios, Mattel's prior entertainment brands/banners.

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).

MAT vs PNW — Head-to-Head

Bigger by revenue
PNW
PNW
1.3× larger
PNW
$1.1B
$862.2M
MAT
Growing faster (revenue YoY)
MAT
MAT
+1.3% gap
MAT
4.3%
3.0%
PNW
Higher net margin
MAT
MAT
5.5% more per $
MAT
7.1%
1.6%
PNW
More free cash flow
MAT
MAT
$104.6M more FCF
MAT
$-88.1M
$-192.7M
PNW
Faster 2-yr revenue CAGR
PNW
PNW
Annualised
PNW
8.9%
-10.6%
MAT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAT
MAT
PNW
PNW
Revenue
$862.2M
$1.1B
Net Profit
$61.0M
$17.6M
Gross Margin
44.9%
Operating Margin
10.7%
Net Margin
7.1%
1.6%
Revenue YoY
4.3%
3.0%
Net Profit YoY
251.4%
798.0%
EPS (diluted)
$0.20
$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
MAT
MAT
PNW
PNW
Q1 26
$862.2M
Q4 25
$1.8B
$1.1B
Q3 25
$1.7B
$1.8B
Q2 25
$1.0B
$1.4B
Q1 25
$826.6M
$1.0B
Q4 24
$1.6B
$1.1B
Q3 24
$1.8B
$1.8B
Q2 24
$1.1B
$1.3B
Net Profit
MAT
MAT
PNW
PNW
Q1 26
$61.0M
Q4 25
$106.2M
$17.6M
Q3 25
$278.4M
$417.5M
Q2 25
$53.4M
$196.9M
Q1 25
$-40.3M
$-338.0K
Q4 24
$140.9M
$-2.5M
Q3 24
$372.4M
$399.3M
Q2 24
$56.9M
$208.1M
Gross Margin
MAT
MAT
PNW
PNW
Q1 26
44.9%
Q4 25
45.9%
Q3 25
50.0%
Q2 25
50.9%
Q1 25
49.4%
Q4 24
50.7%
Q3 24
53.1%
Q2 24
49.2%
Operating Margin
MAT
MAT
PNW
PNW
Q1 26
Q4 25
8.0%
10.7%
Q3 25
21.9%
32.0%
Q2 25
7.7%
22.6%
Q1 25
-6.4%
5.5%
Q4 24
9.6%
7.7%
Q3 24
26.5%
30.9%
Q2 24
7.7%
24.0%
Net Margin
MAT
MAT
PNW
PNW
Q1 26
7.1%
Q4 25
6.0%
1.6%
Q3 25
16.0%
22.9%
Q2 25
5.2%
14.5%
Q1 25
-4.9%
-0.0%
Q4 24
8.6%
-0.2%
Q3 24
20.2%
22.6%
Q2 24
5.3%
15.9%
EPS (diluted)
MAT
MAT
PNW
PNW
Q1 26
$0.20
Q4 25
$0.32
$0.12
Q3 25
$0.88
$3.39
Q2 25
$0.16
$1.58
Q1 25
$-0.12
$-0.04
Q4 24
$0.40
$-0.04
Q3 24
$1.09
$3.37
Q2 24
$0.17
$1.76

Balance Sheet & Financial Strength

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

Metric
MAT
MAT
PNW
PNW
Cash + ST InvestmentsLiquidity on hand
$866.0M
$6.6M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$2.1B
$7.0B
Total Assets
$6.3B
$30.0B
Debt / EquityLower = less leverage
1.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAT
MAT
PNW
PNW
Q1 26
$866.0M
Q4 25
$1.2B
$6.6M
Q3 25
$691.9M
$30.9M
Q2 25
$870.5M
$18.8M
Q1 25
$1.2B
$10.0M
Q4 24
$1.4B
$3.8M
Q3 24
$723.5M
$49.2M
Q2 24
$722.4M
$4.0M
Total Debt
MAT
MAT
PNW
PNW
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
MAT
MAT
PNW
PNW
Q1 26
$2.1B
Q4 25
$2.2B
$7.0B
Q3 25
$2.3B
$7.2B
Q2 25
$2.2B
$6.7B
Q1 25
$2.1B
$6.7B
Q4 24
$2.3B
$6.8B
Q3 24
$2.3B
$6.6B
Q2 24
$2.0B
$6.2B
Total Assets
MAT
MAT
PNW
PNW
Q1 26
$6.3B
Q4 25
$6.6B
$30.0B
Q3 25
$6.6B
$29.9B
Q2 25
$6.2B
$29.2B
Q1 25
$6.2B
$27.2B
Q4 24
$6.5B
$26.1B
Q3 24
$6.5B
$26.3B
Q2 24
$5.9B
$25.7B
Debt / Equity
MAT
MAT
PNW
PNW
Q1 26
1.11×
Q4 25
1.04×
Q3 25
1.03×
Q2 25
1.08×
Q1 25
1.10×
Q4 24
1.03×
Q3 24
1.01×
Q2 24
1.18×

Cash Flow & Capital Efficiency

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

Metric
MAT
MAT
PNW
PNW
Operating Cash FlowLast quarter
$476.8M
Free Cash FlowOCF − Capex
$-88.1M
$-192.7M
FCF MarginFCF / Revenue
-10.2%
-17.1%
Capex IntensityCapex / Revenue
7.6%
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
MAT
MAT
PNW
PNW
Q1 26
Q4 25
$796.6M
$476.8M
Q3 25
$72.0M
$665.0M
Q2 25
$-300.1M
$261.4M
Q1 25
$24.8M
$401.9M
Q4 24
$862.1M
$439.5M
Q3 24
$155.8M
$633.2M
Q2 24
$-252.9M
$189.8M
Free Cash Flow
MAT
MAT
PNW
PNW
Q1 26
$-88.1M
Q4 25
$-192.7M
Q3 25
$42.0M
Q2 25
$-448.1M
Q1 25
$-220.7M
Q4 24
$-92.1M
Q3 24
$-32.7M
Q2 24
$-344.2M
FCF Margin
MAT
MAT
PNW
PNW
Q1 26
-10.2%
Q4 25
-17.1%
Q3 25
2.3%
Q2 25
-33.0%
Q1 25
-21.4%
Q4 24
-8.4%
Q3 24
-1.8%
Q2 24
-26.3%
Capex Intensity
MAT
MAT
PNW
PNW
Q1 26
7.6%
Q4 25
59.3%
Q3 25
34.2%
Q2 25
52.2%
Q1 25
60.3%
Q4 24
48.5%
Q3 24
37.6%
Q2 24
40.8%
Cash Conversion
MAT
MAT
PNW
PNW
Q1 26
Q4 25
7.50×
27.09×
Q3 25
0.26×
1.59×
Q2 25
-5.62×
1.33×
Q1 25
Q4 24
6.12×
Q3 24
0.42×
1.59×
Q2 24
-4.45×
0.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAT
MAT

Segment breakdown not available.

PNW
PNW

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

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