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Side-by-side financial comparison of Pinnacle West Capital (PNW) and STEVEN MADDEN, LTD. (SHOO). Click either name above to swap in a different company.

Pinnacle West Capital is the larger business by last-quarter revenue ($1.1B vs $749.8M, roughly 1.5× STEVEN MADDEN, LTD.). STEVEN MADDEN, LTD. runs the higher net margin — 3.3% vs 1.6%, a 1.7% gap on every dollar of revenue. On growth, STEVEN MADDEN, LTD. posted the faster year-over-year revenue change (29.5% vs 3.0%). STEVEN MADDEN, LTD. produced more free cash flow last quarter ($80.8M vs $-192.7M). Over the past eight quarters, STEVEN MADDEN, LTD.'s revenue compounded faster (16.7% 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).

Steven Madden, Ltd. is a publicly traded company that designs and markets shoes and fashion accessories. Based in Long Island City, New York, the company's brands include Dolce Vita, Betsey Johnson, Blondo, BB Dakota and Mad Love. Steve Madden is also a licensee of various brands, including Anne Klein and Superga.

PNW vs SHOO — Head-to-Head

Bigger by revenue
PNW
PNW
1.5× larger
PNW
$1.1B
$749.8M
SHOO
Growing faster (revenue YoY)
SHOO
SHOO
+26.6% gap
SHOO
29.5%
3.0%
PNW
Higher net margin
SHOO
SHOO
1.7% more per $
SHOO
3.3%
1.6%
PNW
More free cash flow
SHOO
SHOO
$273.5M more FCF
SHOO
$80.8M
$-192.7M
PNW
Faster 2-yr revenue CAGR
SHOO
SHOO
Annualised
SHOO
16.7%
8.9%
PNW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PNW
PNW
SHOO
SHOO
Revenue
$1.1B
$749.8M
Net Profit
$17.6M
$24.7M
Gross Margin
42.6%
Operating Margin
10.7%
4.8%
Net Margin
1.6%
3.3%
Revenue YoY
3.0%
29.5%
Net Profit YoY
798.0%
-34.8%
EPS (diluted)
$0.12
$0.33

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.

Revenue
PNW
PNW
SHOO
SHOO
Q4 25
$1.1B
$749.8M
Q3 25
$1.8B
$664.2M
Q2 25
$1.4B
$556.1M
Q1 25
$1.0B
$551.4M
Q4 24
$1.1B
$578.8M
Q3 24
$1.8B
$621.2M
Q2 24
$1.3B
$521.7M
Q1 24
$951.7M
$550.6M
Net Profit
PNW
PNW
SHOO
SHOO
Q4 25
$17.6M
$24.7M
Q3 25
$417.5M
$20.5M
Q2 25
$196.9M
$-38.7M
Q1 25
$-338.0K
$41.3M
Q4 24
$-2.5M
$37.8M
Q3 24
$399.3M
$55.3M
Q2 24
$208.1M
$36.9M
Q1 24
$21.2M
$44.6M
Gross Margin
PNW
PNW
SHOO
SHOO
Q4 25
42.6%
Q3 25
41.8%
Q2 25
40.6%
Q1 25
41.0%
Q4 24
40.7%
Q3 24
41.8%
Q2 24
41.6%
Q1 24
40.8%
Operating Margin
PNW
PNW
SHOO
SHOO
Q4 25
10.7%
4.8%
Q3 25
32.0%
4.7%
Q2 25
22.6%
-7.2%
Q1 25
5.5%
9.7%
Q4 24
7.7%
8.1%
Q3 24
30.9%
12.0%
Q2 24
24.0%
9.0%
Q1 24
7.0%
10.3%
Net Margin
PNW
PNW
SHOO
SHOO
Q4 25
1.6%
3.3%
Q3 25
22.9%
3.1%
Q2 25
14.5%
-7.0%
Q1 25
-0.0%
7.5%
Q4 24
-0.2%
6.5%
Q3 24
22.6%
8.9%
Q2 24
15.9%
7.1%
Q1 24
2.2%
8.1%
EPS (diluted)
PNW
PNW
SHOO
SHOO
Q4 25
$0.12
$0.33
Q3 25
$3.39
$0.29
Q2 25
$1.58
$-0.56
Q1 25
$-0.04
$0.57
Q4 24
$-0.04
$0.49
Q3 24
$3.37
$0.77
Q2 24
$1.76
$0.49
Q1 24
$0.15
$0.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PNW
PNW
SHOO
SHOO
Cash + ST InvestmentsLiquidity on hand
$6.6M
$112.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.0B
$866.4M
Total Assets
$30.0B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PNW
PNW
SHOO
SHOO
Q4 25
$6.6M
$112.4M
Q3 25
$30.9M
$140.0K
Q2 25
$18.8M
$111.9M
Q1 25
$10.0M
$147.2M
Q4 24
$3.8M
$203.4M
Q3 24
$49.2M
$11.1M
Q2 24
$4.0M
$192.2M
Q1 24
$9.6M
$143.1M
Stockholders' Equity
PNW
PNW
SHOO
SHOO
Q4 25
$7.0B
$866.4M
Q3 25
$7.2B
$850.8M
Q2 25
$6.7B
$833.2M
Q1 25
$6.7B
$875.3M
Q4 24
$6.8B
$847.7M
Q3 24
$6.6B
$833.9M
Q2 24
$6.2B
$808.3M
Q1 24
$6.2B
$825.2M
Total Assets
PNW
PNW
SHOO
SHOO
Q4 25
$30.0B
$1.9B
Q3 25
$29.9B
$2.0B
Q2 25
$29.2B
$1.9B
Q1 25
$27.2B
$1.4B
Q4 24
$26.1B
$1.4B
Q3 24
$26.3B
$1.5B
Q2 24
$25.7B
$1.4B
Q1 24
$24.8B
$1.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PNW
PNW
SHOO
SHOO
Operating Cash FlowLast quarter
$476.8M
$91.1M
Free Cash FlowOCF − Capex
$-192.7M
$80.8M
FCF MarginFCF / Revenue
-17.1%
10.8%
Capex IntensityCapex / Revenue
59.3%
1.4%
Cash ConversionOCF / Net Profit
27.09×
3.70×
TTM Free Cash FlowTrailing 4 quarters
$-819.5M
$119.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PNW
PNW
SHOO
SHOO
Q4 25
$476.8M
$91.1M
Q3 25
$665.0M
$23.4M
Q2 25
$261.4M
$66.5M
Q1 25
$401.9M
$-18.8M
Q4 24
$439.5M
$103.9M
Q3 24
$633.2M
$444.0K
Q2 24
$189.8M
$109.5M
Q1 24
$347.4M
$-15.7M
Free Cash Flow
PNW
PNW
SHOO
SHOO
Q4 25
$-192.7M
$80.8M
Q3 25
$42.0M
$8.6M
Q2 25
$-448.1M
$58.8M
Q1 25
$-220.7M
$-28.7M
Q4 24
$-92.1M
$94.6M
Q3 24
$-32.7M
$-6.9M
Q2 24
$-344.2M
$104.2M
Q1 24
$-170.4M
$-19.7M
FCF Margin
PNW
PNW
SHOO
SHOO
Q4 25
-17.1%
10.8%
Q3 25
2.3%
1.3%
Q2 25
-33.0%
10.6%
Q1 25
-21.4%
-5.2%
Q4 24
-8.4%
16.3%
Q3 24
-1.8%
-1.1%
Q2 24
-26.3%
20.0%
Q1 24
-17.9%
-3.6%
Capex Intensity
PNW
PNW
SHOO
SHOO
Q4 25
59.3%
1.4%
Q3 25
34.2%
2.2%
Q2 25
52.2%
1.4%
Q1 25
60.3%
1.8%
Q4 24
48.5%
1.6%
Q3 24
37.6%
1.2%
Q2 24
40.8%
1.0%
Q1 24
54.4%
0.7%
Cash Conversion
PNW
PNW
SHOO
SHOO
Q4 25
27.09×
3.70×
Q3 25
1.59×
1.14×
Q2 25
1.33×
Q1 25
-0.46×
Q4 24
2.75×
Q3 24
1.59×
0.01×
Q2 24
0.91×
2.96×
Q1 24
16.41×
-0.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PNW
PNW

Electricand Transmission Service$1.1B100%
Other Services$4.4M0%

SHOO
SHOO

Segment breakdown not available.

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