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Side-by-side financial comparison of Pinnacle West Capital (PNW) and RH (RH). Click either name above to swap in a different company.
Pinnacle West Capital is the larger business by last-quarter revenue ($1.1B vs $883.8M, roughly 1.3× RH). RH runs the higher net margin — 4.1% vs 1.6%, a 2.5% gap on every dollar of revenue. On growth, RH posted the faster year-over-year revenue change (8.9% vs 3.0%). RH produced more free cash flow last quarter ($83.0M vs $-192.7M). Over the past eight quarters, RH's revenue compounded faster (9.4% CAGR vs 8.9%).
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).
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
PNW vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $883.8M |
| Net Profit | $17.6M | $36.3M |
| Gross Margin | — | 44.1% |
| Operating Margin | 10.7% | 12.0% |
| Net Margin | 1.6% | 4.1% |
| Revenue YoY | 3.0% | 8.9% |
| Net Profit YoY | 798.0% | 9.3% |
| EPS (diluted) | $0.12 | $1.83 |
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.
| Q4 25 | $1.1B | $883.8M | ||
| Q3 25 | $1.8B | $899.2M | ||
| Q2 25 | $1.4B | $814.0M | ||
| Q1 25 | $1.0B | $812.4M | ||
| Q4 24 | $1.1B | $811.7M | ||
| Q3 24 | $1.8B | $829.7M | ||
| Q2 24 | $1.3B | $727.0M | ||
| Q1 24 | $951.7M | $738.3M |
| Q4 25 | $17.6M | $36.3M | ||
| Q3 25 | $417.5M | $51.7M | ||
| Q2 25 | $196.9M | $8.0M | ||
| Q1 25 | $-338.0K | $13.9M | ||
| Q4 24 | $-2.5M | $33.2M | ||
| Q3 24 | $399.3M | $29.0M | ||
| Q2 24 | $208.1M | $-3.6M | ||
| Q1 24 | $21.2M | $11.4M |
| Q4 25 | — | 44.1% | ||
| Q3 25 | — | 45.5% | ||
| Q2 25 | — | 43.7% | ||
| Q1 25 | — | 44.7% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | 10.7% | 12.0% | ||
| Q3 25 | 32.0% | 14.3% | ||
| Q2 25 | 22.6% | 6.9% | ||
| Q1 25 | 5.5% | 8.7% | ||
| Q4 24 | 7.7% | 12.5% | ||
| Q3 24 | 30.9% | 11.6% | ||
| Q2 24 | 24.0% | 7.5% | ||
| Q1 24 | 7.0% | 8.7% |
| Q4 25 | 1.6% | 4.1% | ||
| Q3 25 | 22.9% | 5.8% | ||
| Q2 25 | 14.5% | 1.0% | ||
| Q1 25 | -0.0% | 1.7% | ||
| Q4 24 | -0.2% | 4.1% | ||
| Q3 24 | 22.6% | 3.5% | ||
| Q2 24 | 15.9% | -0.5% | ||
| Q1 24 | 2.2% | 1.5% |
| Q4 25 | $0.12 | $1.83 | ||
| Q3 25 | $3.39 | $2.62 | ||
| Q2 25 | $1.58 | $0.40 | ||
| Q1 25 | $-0.04 | $0.71 | ||
| Q4 24 | $-0.04 | $1.66 | ||
| Q3 24 | $3.37 | $1.45 | ||
| Q2 24 | $1.76 | $-0.20 | ||
| Q1 24 | $0.15 | $0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.6M | $43.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.0B | $3.3M |
| Total Assets | $30.0B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.6M | $43.1M | ||
| Q3 25 | $30.9M | $34.6M | ||
| Q2 25 | $18.8M | $46.1M | ||
| Q1 25 | $10.0M | $30.4M | ||
| Q4 24 | $3.8M | $87.0M | ||
| Q3 24 | $49.2M | $78.3M | ||
| Q2 24 | $4.0M | $101.8M | ||
| Q1 24 | $9.6M | $123.7M |
| Q4 25 | $7.0B | $3.3M | ||
| Q3 25 | $7.2B | $-40.9M | ||
| Q2 25 | $6.7B | $-110.8M | ||
| Q1 25 | $6.7B | $-163.6M | ||
| Q4 24 | $6.8B | $-183.0M | ||
| Q3 24 | $6.6B | $-234.7M | ||
| Q2 24 | $6.2B | $-289.9M | ||
| Q1 24 | $6.2B | $-297.4M |
| Q4 25 | $30.0B | $4.8B | ||
| Q3 25 | $29.9B | $4.7B | ||
| Q2 25 | $29.2B | $4.7B | ||
| Q1 25 | $27.2B | $4.6B | ||
| Q4 24 | $26.1B | $4.5B | ||
| Q3 24 | $26.3B | $4.4B | ||
| Q2 24 | $25.7B | $4.2B | ||
| Q1 24 | $24.8B | $4.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $476.8M | $131.9M |
| Free Cash FlowOCF − Capex | $-192.7M | $83.0M |
| FCF MarginFCF / Revenue | -17.1% | 9.4% |
| Capex IntensityCapex / Revenue | 59.3% | 5.5% |
| Cash ConversionOCF / Net Profit | 27.09× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $-819.5M | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $476.8M | $131.9M | ||
| Q3 25 | $665.0M | $137.7M | ||
| Q2 25 | $261.4M | $86.6M | ||
| Q1 25 | $401.9M | $-18.8M | ||
| Q4 24 | $439.5M | $-31.4M | ||
| Q3 24 | $633.2M | $11.2M | ||
| Q2 24 | $189.8M | $56.1M | ||
| Q1 24 | $347.4M | $-114.0M |
| Q4 25 | $-192.7M | $83.0M | ||
| Q3 25 | $42.0M | $80.7M | ||
| Q2 25 | $-448.1M | $34.1M | ||
| Q1 25 | $-220.7M | $-69.7M | ||
| Q4 24 | $-92.1M | $-96.0M | ||
| Q3 24 | $-32.7M | $-37.9M | ||
| Q2 24 | $-344.2M | $-10.1M | ||
| Q1 24 | $-170.4M | $-251.5M |
| Q4 25 | -17.1% | 9.4% | ||
| Q3 25 | 2.3% | 9.0% | ||
| Q2 25 | -33.0% | 4.2% | ||
| Q1 25 | -21.4% | -8.6% | ||
| Q4 24 | -8.4% | -11.8% | ||
| Q3 24 | -1.8% | -4.6% | ||
| Q2 24 | -26.3% | -1.4% | ||
| Q1 24 | -17.9% | -34.1% |
| Q4 25 | 59.3% | 5.5% | ||
| Q3 25 | 34.2% | 6.3% | ||
| Q2 25 | 52.2% | 6.5% | ||
| Q1 25 | 60.3% | 6.3% | ||
| Q4 24 | 48.5% | 8.0% | ||
| Q3 24 | 37.6% | 5.9% | ||
| Q2 24 | 40.8% | 9.1% | ||
| Q1 24 | 54.4% | 18.6% |
| Q4 25 | 27.09× | 3.64× | ||
| Q3 25 | 1.59× | 2.66× | ||
| Q2 25 | 1.33× | 10.78× | ||
| Q1 25 | — | -1.35× | ||
| Q4 24 | — | -0.95× | ||
| Q3 24 | 1.59× | 0.39× | ||
| Q2 24 | 0.91× | — | ||
| Q1 24 | 16.41× | -10.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PNW
| Electricand Transmission Service | $1.1B | 100% |
| Other Services | $4.4M | 0% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
