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Side-by-side financial comparison of Pinnacle West Capital (PNW) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
Pinnacle West Capital is the larger business by last-quarter revenue ($1.1B vs $766.5M, roughly 1.5× SCANSOURCE, INC.). SCANSOURCE, INC. runs the higher net margin — 2.2% vs 1.6%, a 0.6% gap on every dollar of revenue. On growth, Pinnacle West Capital posted the faster year-over-year revenue change (3.0% vs 2.5%). SCANSOURCE, INC. produced more free cash flow last quarter ($28.9M vs $-192.7M). Over the past eight quarters, Pinnacle West Capital's revenue compounded faster (8.9% CAGR vs 0.9%).
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).
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
PNW vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $766.5M |
| Net Profit | $17.6M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | 10.7% | 2.3% |
| Net Margin | 1.6% | 2.2% |
| Revenue YoY | 3.0% | 2.5% |
| Net Profit YoY | 798.0% | -3.3% |
| EPS (diluted) | $0.12 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $1.8B | $739.6M | ||
| Q2 25 | $1.4B | $812.9M | ||
| Q1 25 | $1.0B | $704.8M | ||
| Q4 24 | $1.1B | $747.5M | ||
| Q3 24 | $1.8B | $775.6M | ||
| Q2 24 | $1.3B | $746.1M | ||
| Q1 24 | $951.7M | $752.6M |
| Q4 25 | $17.6M | $16.5M | ||
| Q3 25 | $417.5M | $19.9M | ||
| Q2 25 | $196.9M | $20.1M | ||
| Q1 25 | $-338.0K | $17.4M | ||
| Q4 24 | $-2.5M | $17.1M | ||
| Q3 24 | $399.3M | $17.0M | ||
| Q2 24 | $208.1M | $16.1M | ||
| Q1 24 | $21.2M | $12.8M |
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | 10.7% | 2.3% | ||
| Q3 25 | 32.0% | 3.5% | ||
| Q2 25 | 22.6% | 3.3% | ||
| Q1 25 | 5.5% | 3.2% | ||
| Q4 24 | 7.7% | 2.5% | ||
| Q3 24 | 30.9% | 2.3% | ||
| Q2 24 | 24.0% | 2.9% | ||
| Q1 24 | 7.0% | 2.3% |
| Q4 25 | 1.6% | 2.2% | ||
| Q3 25 | 22.9% | 2.7% | ||
| Q2 25 | 14.5% | 2.5% | ||
| Q1 25 | -0.0% | 2.5% | ||
| Q4 24 | -0.2% | 2.3% | ||
| Q3 24 | 22.6% | 2.2% | ||
| Q2 24 | 15.9% | 2.2% | ||
| Q1 24 | 2.2% | 1.7% |
| Q4 25 | $0.12 | $0.75 | ||
| Q3 25 | $3.39 | $0.89 | ||
| Q2 25 | $1.58 | $0.87 | ||
| Q1 25 | $-0.04 | $0.74 | ||
| Q4 24 | $-0.04 | $0.70 | ||
| Q3 24 | $3.37 | $0.69 | ||
| Q2 24 | $1.76 | $0.66 | ||
| Q1 24 | $0.15 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.0B | $910.9M |
| Total Assets | $30.0B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.6M | $83.5M | ||
| Q3 25 | $30.9M | $124.9M | ||
| Q2 25 | $18.8M | $126.2M | ||
| Q1 25 | $10.0M | $146.3M | ||
| Q4 24 | $3.8M | $110.5M | ||
| Q3 24 | $49.2M | $145.0M | ||
| Q2 24 | $4.0M | $185.5M | ||
| Q1 24 | $9.6M | $159.1M |
| Q4 25 | $7.0B | $910.9M | ||
| Q3 25 | $7.2B | $914.0M | ||
| Q2 25 | $6.7B | $906.4M | ||
| Q1 25 | $6.7B | $901.7M | ||
| Q4 24 | $6.8B | $900.7M | ||
| Q3 24 | $6.6B | $920.9M | ||
| Q2 24 | $6.2B | $924.3M | ||
| Q1 24 | $6.2B | $944.1M |
| Q4 25 | $30.0B | $1.7B | ||
| Q3 25 | $29.9B | $1.7B | ||
| Q2 25 | $29.2B | $1.8B | ||
| Q1 25 | $27.2B | $1.7B | ||
| Q4 24 | $26.1B | $1.7B | ||
| Q3 24 | $26.3B | $1.8B | ||
| Q2 24 | $25.7B | $1.8B | ||
| Q1 24 | $24.8B | $1.8B |
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 | $30.8M |
| Free Cash FlowOCF − Capex | $-192.7M | $28.9M |
| FCF MarginFCF / Revenue | -17.1% | 3.8% |
| Capex IntensityCapex / Revenue | 59.3% | 0.3% |
| Cash ConversionOCF / Net Profit | 27.09× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $-819.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $476.8M | $30.8M | ||
| Q3 25 | $665.0M | $23.2M | ||
| Q2 25 | $261.4M | — | ||
| Q1 25 | $401.9M | $66.1M | ||
| Q4 24 | $439.5M | $-6.2M | ||
| Q3 24 | $633.2M | $44.8M | ||
| Q2 24 | $189.8M | — | ||
| Q1 24 | $347.4M | $160.2M |
| Q4 25 | $-192.7M | $28.9M | ||
| Q3 25 | $42.0M | $20.8M | ||
| Q2 25 | $-448.1M | — | ||
| Q1 25 | $-220.7M | $64.6M | ||
| Q4 24 | $-92.1M | $-8.2M | ||
| Q3 24 | $-32.7M | $42.5M | ||
| Q2 24 | $-344.2M | — | ||
| Q1 24 | $-170.4M | $157.7M |
| Q4 25 | -17.1% | 3.8% | ||
| Q3 25 | 2.3% | 2.8% | ||
| Q2 25 | -33.0% | — | ||
| Q1 25 | -21.4% | 9.2% | ||
| Q4 24 | -8.4% | -1.1% | ||
| Q3 24 | -1.8% | 5.5% | ||
| Q2 24 | -26.3% | — | ||
| Q1 24 | -17.9% | 21.0% |
| Q4 25 | 59.3% | 0.3% | ||
| Q3 25 | 34.2% | 0.3% | ||
| Q2 25 | 52.2% | 0.3% | ||
| Q1 25 | 60.3% | 0.2% | ||
| Q4 24 | 48.5% | 0.3% | ||
| Q3 24 | 37.6% | 0.3% | ||
| Q2 24 | 40.8% | 0.2% | ||
| Q1 24 | 54.4% | 0.3% |
| Q4 25 | 27.09× | 1.87× | ||
| Q3 25 | 1.59× | 1.17× | ||
| Q2 25 | 1.33× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 1.59× | 2.64× | ||
| Q2 24 | 0.91× | — | ||
| Q1 24 | 16.41× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
