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Side-by-side financial comparison of Pinnacle West Capital (PNW) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Pinnacle West Capital is the larger business by last-quarter revenue ($1.1B vs $809.5M, roughly 1.4× Construction Partners, Inc.). Construction Partners, Inc. runs the higher net margin — 2.1% vs 1.6%, a 0.6% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 3.0%). Construction Partners, Inc. produced more free cash flow last quarter ($47.1M vs $-192.7M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% 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).
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
PNW vs ROAD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $809.5M |
| Net Profit | $17.6M | $17.2M |
| Gross Margin | — | 15.0% |
| Operating Margin | 10.7% | 6.2% |
| Net Margin | 1.6% | 2.1% |
| Revenue YoY | 3.0% | 44.1% |
| Net Profit YoY | 798.0% | 663.9% |
| EPS (diluted) | $0.12 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $1.8B | $899.8M | ||
| Q2 25 | $1.4B | $779.3M | ||
| Q1 25 | $1.0B | $571.6M | ||
| Q4 24 | $1.1B | $561.6M | ||
| Q3 24 | $1.8B | $538.2M | ||
| Q2 24 | $1.3B | $517.8M | ||
| Q1 24 | $951.7M | $371.4M |
| Q4 25 | $17.6M | $17.2M | ||
| Q3 25 | $417.5M | $56.6M | ||
| Q2 25 | $196.9M | $44.0M | ||
| Q1 25 | $-338.0K | $4.2M | ||
| Q4 24 | $-2.5M | $-3.1M | ||
| Q3 24 | $399.3M | $29.3M | ||
| Q2 24 | $208.1M | $30.9M | ||
| Q1 24 | $21.2M | $-1.1M |
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 16.1% | ||
| Q1 24 | — | 10.4% |
| Q4 25 | 10.7% | 6.2% | ||
| Q3 25 | 32.0% | 11.2% | ||
| Q2 25 | 22.6% | 10.6% | ||
| Q1 25 | 5.5% | 4.8% | ||
| Q4 24 | 7.7% | 2.5% | ||
| Q3 24 | 30.9% | 8.5% | ||
| Q2 24 | 24.0% | 8.8% | ||
| Q1 24 | 7.0% | 0.8% |
| Q4 25 | 1.6% | 2.1% | ||
| Q3 25 | 22.9% | 6.3% | ||
| Q2 25 | 14.5% | 5.7% | ||
| Q1 25 | -0.0% | 0.7% | ||
| Q4 24 | -0.2% | -0.5% | ||
| Q3 24 | 22.6% | 5.4% | ||
| Q2 24 | 15.9% | 6.0% | ||
| Q1 24 | 2.2% | -0.3% |
| Q4 25 | $0.12 | $0.31 | ||
| Q3 25 | $3.39 | $1.03 | ||
| Q2 25 | $1.58 | $0.79 | ||
| Q1 25 | $-0.04 | $0.08 | ||
| Q4 24 | $-0.04 | $-0.06 | ||
| Q3 24 | $3.37 | $0.55 | ||
| Q2 24 | $1.76 | $0.59 | ||
| Q1 24 | $0.15 | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.0B | $969.1M |
| Total Assets | $30.0B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.6M | $104.1M | ||
| Q3 25 | $30.9M | $156.1M | ||
| Q2 25 | $18.8M | $114.3M | ||
| Q1 25 | $10.0M | $101.9M | ||
| Q4 24 | $3.8M | $132.5M | ||
| Q3 24 | $49.2M | $74.7M | ||
| Q2 24 | $4.0M | $56.3M | ||
| Q1 24 | $9.6M | $48.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $515.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $7.0B | $969.1M | ||
| Q3 25 | $7.2B | $912.0M | ||
| Q2 25 | $6.7B | $853.3M | ||
| Q1 25 | $6.7B | $807.9M | ||
| Q4 24 | $6.8B | $811.1M | ||
| Q3 24 | $6.6B | $573.7M | ||
| Q2 24 | $6.2B | $552.9M | ||
| Q1 24 | $6.2B | $525.0M |
| Q4 25 | $30.0B | $3.4B | ||
| Q3 25 | $29.9B | $3.2B | ||
| Q2 25 | $29.2B | $2.9B | ||
| Q1 25 | $27.2B | $2.8B | ||
| Q4 24 | $26.1B | $2.6B | ||
| Q3 24 | $26.3B | $1.5B | ||
| Q2 24 | $25.7B | $1.4B | ||
| Q1 24 | $24.8B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $82.6M |
| Free Cash FlowOCF − Capex | $-192.7M | $47.1M |
| FCF MarginFCF / Revenue | -17.1% | 5.8% |
| Capex IntensityCapex / Revenue | 59.3% | 4.4% |
| Cash ConversionOCF / Net Profit | 27.09× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $-819.5M | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $476.8M | $82.6M | ||
| Q3 25 | $665.0M | $112.0M | ||
| Q2 25 | $261.4M | $83.0M | ||
| Q1 25 | $401.9M | $55.6M | ||
| Q4 24 | $439.5M | $40.7M | ||
| Q3 24 | $633.2M | $95.9M | ||
| Q2 24 | $189.8M | $34.6M | ||
| Q1 24 | $347.4M | $18.2M |
| Q4 25 | $-192.7M | $47.1M | ||
| Q3 25 | $42.0M | $78.9M | ||
| Q2 25 | $-448.1M | $46.4M | ||
| Q1 25 | $-220.7M | $14.2M | ||
| Q4 24 | $-92.1M | $13.8M | ||
| Q3 24 | $-32.7M | $78.4M | ||
| Q2 24 | $-344.2M | $19.7M | ||
| Q1 24 | $-170.4M | $-10.6M |
| Q4 25 | -17.1% | 5.8% | ||
| Q3 25 | 2.3% | 8.8% | ||
| Q2 25 | -33.0% | 5.9% | ||
| Q1 25 | -21.4% | 2.5% | ||
| Q4 24 | -8.4% | 2.5% | ||
| Q3 24 | -1.8% | 14.6% | ||
| Q2 24 | -26.3% | 3.8% | ||
| Q1 24 | -17.9% | -2.8% |
| Q4 25 | 59.3% | 4.4% | ||
| Q3 25 | 34.2% | 3.7% | ||
| Q2 25 | 52.2% | 4.7% | ||
| Q1 25 | 60.3% | 7.2% | ||
| Q4 24 | 48.5% | 4.8% | ||
| Q3 24 | 37.6% | 3.3% | ||
| Q2 24 | 40.8% | 2.9% | ||
| Q1 24 | 54.4% | 7.7% |
| Q4 25 | 27.09× | 4.80× | ||
| Q3 25 | 1.59× | 1.98× | ||
| Q2 25 | 1.33× | 1.88× | ||
| Q1 25 | — | 13.20× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.59× | 3.27× | ||
| Q2 24 | 0.91× | 1.12× | ||
| Q1 24 | 16.41× | — |
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% |
ROAD
Segment breakdown not available.
