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Side-by-side financial comparison of Pinnacle West Capital (PNW) and Sylvamo Corp (SLVM). Click either name above to swap in a different company.

Pinnacle West Capital is the larger business by last-quarter revenue ($1.1B vs $890.0M, roughly 1.3× Sylvamo Corp). Sylvamo Corp runs the higher net margin — 3.7% vs 1.6%, a 2.1% gap on every dollar of revenue. On growth, Pinnacle West Capital posted the faster year-over-year revenue change (3.0% vs -8.2%). Sylvamo Corp produced more free cash flow last quarter ($38.0M vs $-192.7M). Over the past eight quarters, Pinnacle West Capital's revenue compounded faster (8.9% CAGR vs -0.8%).

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).

Sylvamo Corp is a leading global manufacturer of sustainable paper and pulp products. Its core offerings include uncoated printing paper, packaging paper, and market pulp, serving office supplies, publishing, commercial printing, and packaging segments across North America, Europe, and Latin America.

PNW vs SLVM — Head-to-Head

Bigger by revenue
PNW
PNW
1.3× larger
PNW
$1.1B
$890.0M
SLVM
Growing faster (revenue YoY)
PNW
PNW
+11.2% gap
PNW
3.0%
-8.2%
SLVM
Higher net margin
SLVM
SLVM
2.1% more per $
SLVM
3.7%
1.6%
PNW
More free cash flow
SLVM
SLVM
$230.7M more FCF
SLVM
$38.0M
$-192.7M
PNW
Faster 2-yr revenue CAGR
PNW
PNW
Annualised
PNW
8.9%
-0.8%
SLVM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PNW
PNW
SLVM
SLVM
Revenue
$1.1B
$890.0M
Net Profit
$17.6M
$33.0M
Gross Margin
Operating Margin
10.7%
8.9%
Net Margin
1.6%
3.7%
Revenue YoY
3.0%
-8.2%
Net Profit YoY
798.0%
-59.3%
EPS (diluted)
$0.12
$0.81

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
SLVM
SLVM
Q4 25
$1.1B
$890.0M
Q3 25
$1.8B
$846.0M
Q2 25
$1.4B
$794.0M
Q1 25
$1.0B
$821.0M
Q4 24
$1.1B
$970.0M
Q3 24
$1.8B
$965.0M
Q2 24
$1.3B
$933.0M
Q1 24
$951.7M
$905.0M
Net Profit
PNW
PNW
SLVM
SLVM
Q4 25
$17.6M
$33.0M
Q3 25
$417.5M
$57.0M
Q2 25
$196.9M
$15.0M
Q1 25
$-338.0K
$27.0M
Q4 24
$-2.5M
$81.0M
Q3 24
$399.3M
$95.0M
Q2 24
$208.1M
$83.0M
Q1 24
$21.2M
$43.0M
Operating Margin
PNW
PNW
SLVM
SLVM
Q4 25
10.7%
8.9%
Q3 25
32.0%
11.6%
Q2 25
22.6%
3.8%
Q1 25
5.5%
5.4%
Q4 24
7.7%
11.2%
Q3 24
30.9%
15.5%
Q2 24
24.0%
13.1%
Q1 24
7.0%
8.0%
Net Margin
PNW
PNW
SLVM
SLVM
Q4 25
1.6%
3.7%
Q3 25
22.9%
6.7%
Q2 25
14.5%
1.9%
Q1 25
-0.0%
3.3%
Q4 24
-0.2%
8.4%
Q3 24
22.6%
9.8%
Q2 24
15.9%
8.9%
Q1 24
2.2%
4.8%
EPS (diluted)
PNW
PNW
SLVM
SLVM
Q4 25
$0.12
$0.81
Q3 25
$3.39
$1.41
Q2 25
$1.58
$0.37
Q1 25
$-0.04
$0.65
Q4 24
$-0.04
$1.91
Q3 24
$3.37
$2.27
Q2 24
$1.76
$1.98
Q1 24
$0.15
$1.02

Balance Sheet & Financial Strength

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

Metric
PNW
PNW
SLVM
SLVM
Cash + ST InvestmentsLiquidity on hand
$6.6M
$198.0M
Total DebtLower is stronger
$763.0M
Stockholders' EquityBook value
$7.0B
$966.0M
Total Assets
$30.0B
$2.8B
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PNW
PNW
SLVM
SLVM
Q4 25
$6.6M
$198.0M
Q3 25
$30.9M
$146.0M
Q2 25
$18.8M
$183.0M
Q1 25
$10.0M
$220.0M
Q4 24
$3.8M
$309.0M
Q3 24
$49.2M
$414.0M
Q2 24
$4.0M
$213.0M
Q1 24
$9.6M
$218.0M
Total Debt
PNW
PNW
SLVM
SLVM
Q4 25
$763.0M
Q3 25
$778.0M
Q2 25
$767.0M
Q1 25
$794.0M
Q4 24
$782.0M
Q3 24
$883.0M
Q2 24
$894.0M
Q1 24
$921.0M
Stockholders' Equity
PNW
PNW
SLVM
SLVM
Q4 25
$7.0B
$966.0M
Q3 25
$7.2B
$977.0M
Q2 25
$6.7B
$959.0M
Q1 25
$6.7B
$908.0M
Q4 24
$6.8B
$847.0M
Q3 24
$6.6B
$937.0M
Q2 24
$6.2B
$830.0M
Q1 24
$6.2B
$889.0M
Total Assets
PNW
PNW
SLVM
SLVM
Q4 25
$30.0B
$2.8B
Q3 25
$29.9B
$2.7B
Q2 25
$29.2B
$2.7B
Q1 25
$27.2B
$2.6B
Q4 24
$26.1B
$2.6B
Q3 24
$26.3B
$2.9B
Q2 24
$25.7B
$2.7B
Q1 24
$24.8B
$2.6B
Debt / Equity
PNW
PNW
SLVM
SLVM
Q4 25
0.79×
Q3 25
0.80×
Q2 25
0.80×
Q1 25
0.87×
Q4 24
0.92×
Q3 24
0.94×
Q2 24
1.08×
Q1 24
1.04×

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
SLVM
SLVM
Operating Cash FlowLast quarter
$476.8M
$94.0M
Free Cash FlowOCF − Capex
$-192.7M
$38.0M
FCF MarginFCF / Revenue
-17.1%
4.3%
Capex IntensityCapex / Revenue
59.3%
6.3%
Cash ConversionOCF / Net Profit
27.09×
2.85×
TTM Free Cash FlowTrailing 4 quarters
$-819.5M
$44.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PNW
PNW
SLVM
SLVM
Q4 25
$476.8M
$94.0M
Q3 25
$665.0M
$87.0M
Q2 25
$261.4M
$64.0M
Q1 25
$401.9M
$23.0M
Q4 24
$439.5M
$164.0M
Q3 24
$633.2M
$163.0M
Q2 24
$189.8M
$115.0M
Q1 24
$347.4M
$27.0M
Free Cash Flow
PNW
PNW
SLVM
SLVM
Q4 25
$-192.7M
$38.0M
Q3 25
$42.0M
$33.0M
Q2 25
$-448.1M
$-2.0M
Q1 25
$-220.7M
$-25.0M
Q4 24
$-92.1M
$100.0M
Q3 24
$-32.7M
$119.0M
Q2 24
$-344.2M
$62.0M
Q1 24
$-170.4M
$-33.0M
FCF Margin
PNW
PNW
SLVM
SLVM
Q4 25
-17.1%
4.3%
Q3 25
2.3%
3.9%
Q2 25
-33.0%
-0.3%
Q1 25
-21.4%
-3.0%
Q4 24
-8.4%
10.3%
Q3 24
-1.8%
12.3%
Q2 24
-26.3%
6.6%
Q1 24
-17.9%
-3.6%
Capex Intensity
PNW
PNW
SLVM
SLVM
Q4 25
59.3%
6.3%
Q3 25
34.2%
6.4%
Q2 25
52.2%
8.3%
Q1 25
60.3%
5.8%
Q4 24
48.5%
6.6%
Q3 24
37.6%
4.6%
Q2 24
40.8%
5.7%
Q1 24
54.4%
6.6%
Cash Conversion
PNW
PNW
SLVM
SLVM
Q4 25
27.09×
2.85×
Q3 25
1.59×
1.53×
Q2 25
1.33×
4.27×
Q1 25
0.85×
Q4 24
2.02×
Q3 24
1.59×
1.72×
Q2 24
0.91×
1.39×
Q1 24
16.41×
0.63×

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%

SLVM
SLVM

Segment breakdown not available.

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