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Side-by-side financial comparison of Pinnacle West Capital (PNW) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.3× Pinnacle West Capital). Pinnacle West Capital runs the higher net margin — 1.6% vs -3.1%, a 4.7% gap on every dollar of revenue. On growth, Pinnacle West Capital posted the faster year-over-year revenue change (3.0% vs -11.9%). RXO, Inc. produced more free cash flow last quarter ($-9.0M vs $-192.7M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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).
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
PNW vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.5B |
| Net Profit | $17.6M | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | 10.7% | -2.9% |
| Net Margin | 1.6% | -3.1% |
| Revenue YoY | 3.0% | -11.9% |
| Net Profit YoY | 798.0% | -84.0% |
| EPS (diluted) | $0.12 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $1.3B | $930.0M | ||
| Q1 24 | $951.7M | $913.0M |
| Q4 25 | $17.6M | $-46.0M | ||
| Q3 25 | $417.5M | $-14.0M | ||
| Q2 25 | $196.9M | $-9.0M | ||
| Q1 25 | $-338.0K | $-31.0M | ||
| Q4 24 | $-2.5M | $-25.0M | ||
| Q3 24 | $399.3M | $-243.0M | ||
| Q2 24 | $208.1M | $-7.0M | ||
| Q1 24 | $21.2M | $-15.0M |
| Q4 25 | 10.7% | -2.9% | ||
| Q3 25 | 32.0% | -0.5% | ||
| Q2 25 | 22.6% | — | ||
| Q1 25 | 5.5% | -2.1% | ||
| Q4 24 | 7.7% | -1.4% | ||
| Q3 24 | 30.9% | -1.9% | ||
| Q2 24 | 24.0% | — | ||
| Q1 24 | 7.0% | -1.3% |
| Q4 25 | 1.6% | -3.1% | ||
| Q3 25 | 22.9% | -1.0% | ||
| Q2 25 | 14.5% | -0.6% | ||
| Q1 25 | -0.0% | -2.2% | ||
| Q4 24 | -0.2% | -1.5% | ||
| Q3 24 | 22.6% | -23.4% | ||
| Q2 24 | 15.9% | -0.8% | ||
| Q1 24 | 2.2% | -1.6% |
| Q4 25 | $0.12 | $-0.28 | ||
| Q3 25 | $3.39 | $-0.08 | ||
| Q2 25 | $1.58 | $-0.05 | ||
| Q1 25 | $-0.04 | $-0.18 | ||
| Q4 24 | $-0.04 | $-0.17 | ||
| Q3 24 | $3.37 | $-1.81 | ||
| Q2 24 | $1.76 | $-0.06 | ||
| Q1 24 | $0.15 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | $7.0B | $1.5B |
| Total Assets | $30.0B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.6M | $17.0M | ||
| Q3 25 | $30.9M | $25.0M | ||
| Q2 25 | $18.8M | $18.0M | ||
| Q1 25 | $10.0M | $16.0M | ||
| Q4 24 | $3.8M | $35.0M | ||
| Q3 24 | $49.2M | $55.0M | ||
| Q2 24 | $4.0M | $7.0M | ||
| Q1 24 | $9.6M | $7.0M |
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
| Q4 25 | $7.0B | $1.5B | ||
| Q3 25 | $7.2B | $1.6B | ||
| Q2 25 | $6.7B | $1.6B | ||
| Q1 25 | $6.7B | $1.6B | ||
| Q4 24 | $6.8B | $1.6B | ||
| Q3 24 | $6.6B | $1.7B | ||
| Q2 24 | $6.2B | $579.0M | ||
| Q1 24 | $6.2B | $582.0M |
| Q4 25 | $30.0B | $3.3B | ||
| Q3 25 | $29.9B | $3.2B | ||
| Q2 25 | $29.2B | $3.2B | ||
| Q1 25 | $27.2B | $3.3B | ||
| Q4 24 | $26.1B | $3.4B | ||
| Q3 24 | $26.3B | $3.4B | ||
| Q2 24 | $25.7B | $1.8B | ||
| Q1 24 | $24.8B | $1.8B |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | $-192.7M | $-9.0M |
| FCF MarginFCF / Revenue | -17.1% | -0.6% |
| Capex IntensityCapex / Revenue | 59.3% | 1.1% |
| Cash ConversionOCF / Net Profit | 27.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-819.5M | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $476.8M | $7.0M | ||
| Q3 25 | $665.0M | $23.0M | ||
| Q2 25 | $261.4M | $23.0M | ||
| Q1 25 | $401.9M | $-2.0M | ||
| Q4 24 | $439.5M | $-7.0M | ||
| Q3 24 | $633.2M | $-7.0M | ||
| Q2 24 | $189.8M | $-5.0M | ||
| Q1 24 | $347.4M | $7.0M |
| Q4 25 | $-192.7M | $-9.0M | ||
| Q3 25 | $42.0M | $9.0M | ||
| Q2 25 | $-448.1M | $9.0M | ||
| Q1 25 | $-220.7M | $-17.0M | ||
| Q4 24 | $-92.1M | $-19.0M | ||
| Q3 24 | $-32.7M | $-18.0M | ||
| Q2 24 | $-344.2M | $-16.0M | ||
| Q1 24 | $-170.4M | $-4.0M |
| Q4 25 | -17.1% | -0.6% | ||
| Q3 25 | 2.3% | 0.6% | ||
| Q2 25 | -33.0% | 0.6% | ||
| Q1 25 | -21.4% | -1.2% | ||
| Q4 24 | -8.4% | -1.1% | ||
| Q3 24 | -1.8% | -1.7% | ||
| Q2 24 | -26.3% | -1.7% | ||
| Q1 24 | -17.9% | -0.4% |
| Q4 25 | 59.3% | 1.1% | ||
| Q3 25 | 34.2% | 1.0% | ||
| Q2 25 | 52.2% | 1.0% | ||
| Q1 25 | 60.3% | 1.0% | ||
| Q4 24 | 48.5% | 0.7% | ||
| Q3 24 | 37.6% | 1.1% | ||
| Q2 24 | 40.8% | 1.2% | ||
| Q1 24 | 54.4% | 1.2% |
| Q4 25 | 27.09× | — | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.33× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.59× | — | ||
| Q2 24 | 0.91× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
