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Side-by-side financial comparison of Pinnacle West Capital (PNW) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.2× Pinnacle West Capital). SEALED AIR CORP runs the higher net margin — 3.1% vs 1.6%, a 1.6% gap on every dollar of revenue. On growth, Pinnacle West Capital posted the faster year-over-year revenue change (3.0% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $-192.7M). Over the past eight quarters, Pinnacle West Capital's revenue compounded faster (8.9% CAGR vs 2.7%).
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).
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
PNW vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.4B |
| Net Profit | $17.6M | $43.8M |
| Gross Margin | — | 28.6% |
| Operating Margin | 10.7% | 11.4% |
| Net Margin | 1.6% | 3.1% |
| Revenue YoY | 3.0% | 2.6% |
| Net Profit YoY | 798.0% | 700.0% |
| EPS (diluted) | $0.12 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $951.7M | $1.3B |
| Q4 25 | $17.6M | $43.8M | ||
| Q3 25 | $417.5M | $255.1M | ||
| Q2 25 | $196.9M | $93.1M | ||
| Q1 25 | $-338.0K | $113.5M | ||
| Q4 24 | $-2.5M | $-7.3M | ||
| Q3 24 | $399.3M | $91.7M | ||
| Q2 24 | $208.1M | $98.3M | ||
| Q1 24 | $21.2M | $82.0M |
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% | ||
| Q1 24 | — | 30.3% |
| Q4 25 | 10.7% | 11.4% | ||
| Q3 25 | 32.0% | 13.8% | ||
| Q2 25 | 22.6% | 15.0% | ||
| Q1 25 | 5.5% | 14.5% | ||
| Q4 24 | 7.7% | 11.7% | ||
| Q3 24 | 30.9% | 13.9% | ||
| Q2 24 | 24.0% | 15.4% | ||
| Q1 24 | 7.0% | 14.0% |
| Q4 25 | 1.6% | 3.1% | ||
| Q3 25 | 22.9% | 19.0% | ||
| Q2 25 | 14.5% | 7.0% | ||
| Q1 25 | -0.0% | 9.0% | ||
| Q4 24 | -0.2% | -0.5% | ||
| Q3 24 | 22.6% | 6.9% | ||
| Q2 24 | 15.9% | 7.4% | ||
| Q1 24 | 2.2% | 6.2% |
| Q4 25 | $0.12 | $0.30 | ||
| Q3 25 | $3.39 | $1.73 | ||
| Q2 25 | $1.58 | $0.63 | ||
| Q1 25 | $-0.04 | $0.77 | ||
| Q4 24 | $-0.04 | $-0.05 | ||
| Q3 24 | $3.37 | $0.63 | ||
| Q2 24 | $1.76 | $0.67 | ||
| Q1 24 | $0.15 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $7.0B | $1.2B |
| Total Assets | $30.0B | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.6M | $344.0M | ||
| Q3 25 | $30.9M | $282.5M | ||
| Q2 25 | $18.8M | $354.4M | ||
| Q1 25 | $10.0M | $335.2M | ||
| Q4 24 | $3.8M | $371.8M | ||
| Q3 24 | $49.2M | $386.0M | ||
| Q2 24 | $4.0M | $388.6M | ||
| Q1 24 | $9.6M | $352.8M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $7.0B | $1.2B | ||
| Q3 25 | $7.2B | $1.2B | ||
| Q2 25 | $6.7B | $953.1M | ||
| Q1 25 | $6.7B | $797.9M | ||
| Q4 24 | $6.8B | $624.5M | ||
| Q3 24 | $6.6B | $771.2M | ||
| Q2 24 | $6.2B | $650.1M | ||
| Q1 24 | $6.2B | $598.3M |
| Q4 25 | $30.0B | $7.0B | ||
| Q3 25 | $29.9B | $7.1B | ||
| Q2 25 | $29.2B | $7.2B | ||
| Q1 25 | $27.2B | $7.0B | ||
| Q4 24 | $26.1B | $7.0B | ||
| Q3 24 | $26.3B | $7.3B | ||
| Q2 24 | $25.7B | $7.3B | ||
| Q1 24 | $24.8B | $7.2B |
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $-192.7M | $257.7M |
| FCF MarginFCF / Revenue | -17.1% | 18.5% |
| Capex IntensityCapex / Revenue | 59.3% | 2.6% |
| Cash ConversionOCF / Net Profit | 27.09× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $-819.5M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $476.8M | $293.6M | ||
| Q3 25 | $665.0M | $165.9M | ||
| Q2 25 | $261.4M | $136.6M | ||
| Q1 25 | $401.9M | $31.9M | ||
| Q4 24 | $439.5M | $244.2M | ||
| Q3 24 | $633.2M | $170.5M | ||
| Q2 24 | $189.8M | $188.2M | ||
| Q1 24 | $347.4M | $125.1M |
| Q4 25 | $-192.7M | $257.7M | ||
| Q3 25 | $42.0M | $119.6M | ||
| Q2 25 | $-448.1M | $93.2M | ||
| Q1 25 | $-220.7M | $-12.0M | ||
| Q4 24 | $-92.1M | $185.1M | ||
| Q3 24 | $-32.7M | $115.2M | ||
| Q2 24 | $-344.2M | $129.5M | ||
| Q1 24 | $-170.4M | $78.0M |
| Q4 25 | -17.1% | 18.5% | ||
| Q3 25 | 2.3% | 8.9% | ||
| Q2 25 | -33.0% | 7.0% | ||
| Q1 25 | -21.4% | -0.9% | ||
| Q4 24 | -8.4% | 13.6% | ||
| Q3 24 | -1.8% | 8.6% | ||
| Q2 24 | -26.3% | 9.7% | ||
| Q1 24 | -17.9% | 5.9% |
| Q4 25 | 59.3% | 2.6% | ||
| Q3 25 | 34.2% | 3.4% | ||
| Q2 25 | 52.2% | 3.3% | ||
| Q1 25 | 60.3% | 3.5% | ||
| Q4 24 | 48.5% | 4.4% | ||
| Q3 24 | 37.6% | 4.1% | ||
| Q2 24 | 40.8% | 4.4% | ||
| Q1 24 | 54.4% | 3.6% |
| Q4 25 | 27.09× | 6.70× | ||
| Q3 25 | 1.59× | 0.65× | ||
| Q2 25 | 1.33× | 1.47× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.59× | 1.86× | ||
| Q2 24 | 0.91× | 1.91× | ||
| Q1 24 | 16.41× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
