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

Pinnacle West Capital is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× Skyworks Solutions). Skyworks Solutions runs the higher net margin — 7.6% vs 1.6%, a 6.1% gap on every dollar of revenue. On growth, Skyworks Solutions posted the faster year-over-year revenue change (8.6% vs 3.0%). Skyworks Solutions produced more free cash flow last quarter ($339.0M vs $-192.7M). Over the past eight quarters, Pinnacle West Capital's revenue compounded faster (8.9% CAGR vs -0.5%).

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).

Skyworks Solutions, Inc. is an American semiconductor company headquartered in Irvine, California, United States. The company's shares are listed on the Nasdaq Global Select Market under the ticker symbol SWKS and is a constituent of the S&P 500.

PNW vs SWKS — Head-to-Head

Bigger by revenue
PNW
PNW
1.1× larger
PNW
$1.1B
$1.0B
SWKS
Growing faster (revenue YoY)
SWKS
SWKS
+5.6% gap
SWKS
8.6%
3.0%
PNW
Higher net margin
SWKS
SWKS
6.1% more per $
SWKS
7.6%
1.6%
PNW
More free cash flow
SWKS
SWKS
$531.7M more FCF
SWKS
$339.0M
$-192.7M
PNW
Faster 2-yr revenue CAGR
PNW
PNW
Annualised
PNW
8.9%
-0.5%
SWKS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PNW
PNW
SWKS
SWKS
Revenue
$1.1B
$1.0B
Net Profit
$17.6M
$79.2M
Gross Margin
41.3%
Operating Margin
10.7%
10.0%
Net Margin
1.6%
7.6%
Revenue YoY
3.0%
8.6%
Net Profit YoY
798.0%
15.3%
EPS (diluted)
$0.12
$0.53

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
SWKS
SWKS
Q1 26
$1.0B
Q4 25
$1.1B
$1.1B
Q3 25
$1.8B
Q2 25
$1.4B
$965.0M
Q1 25
$1.0B
$953.2M
Q4 24
$1.1B
$1.1B
Q3 24
$1.8B
$1.0B
Q2 24
$1.3B
$905.5M
Net Profit
PNW
PNW
SWKS
SWKS
Q1 26
$79.2M
Q4 25
$17.6M
$141.4M
Q3 25
$417.5M
Q2 25
$196.9M
$105.0M
Q1 25
$-338.0K
$68.7M
Q4 24
$-2.5M
$162.0M
Q3 24
$399.3M
$60.5M
Q2 24
$208.1M
$120.9M
Gross Margin
PNW
PNW
SWKS
SWKS
Q1 26
41.3%
Q4 25
40.7%
Q3 25
Q2 25
41.6%
Q1 25
41.1%
Q4 24
41.4%
Q3 24
41.9%
Q2 24
40.2%
Operating Margin
PNW
PNW
SWKS
SWKS
Q1 26
10.0%
Q4 25
10.7%
10.1%
Q3 25
32.0%
Q2 25
22.6%
11.5%
Q1 25
5.5%
10.2%
Q4 24
7.7%
16.9%
Q3 24
30.9%
5.8%
Q2 24
24.0%
14.4%
Net Margin
PNW
PNW
SWKS
SWKS
Q1 26
7.6%
Q4 25
1.6%
12.9%
Q3 25
22.9%
Q2 25
14.5%
10.9%
Q1 25
-0.0%
7.2%
Q4 24
-0.2%
15.2%
Q3 24
22.6%
5.9%
Q2 24
15.9%
13.4%
EPS (diluted)
PNW
PNW
SWKS
SWKS
Q1 26
$0.53
Q4 25
$0.12
$0.95
Q3 25
$3.39
Q2 25
$1.58
$0.70
Q1 25
$-0.04
$0.43
Q4 24
$-0.04
$1.00
Q3 24
$3.37
$0.36
Q2 24
$1.76
$0.75

Balance Sheet & Financial Strength

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

Metric
PNW
PNW
SWKS
SWKS
Cash + ST InvestmentsLiquidity on hand
$6.6M
$1.6B
Total DebtLower is stronger
$496.6M
Stockholders' EquityBook value
$7.0B
$5.8B
Total Assets
$30.0B
$7.9B
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PNW
PNW
SWKS
SWKS
Q1 26
$1.6B
Q4 25
$6.6M
$1.4B
Q3 25
$30.9M
Q2 25
$18.8M
$1.3B
Q1 25
$10.0M
$1.5B
Q4 24
$3.8M
$1.7B
Q3 24
$49.2M
$1.6B
Q2 24
$4.0M
$1.3B
Total Debt
PNW
PNW
SWKS
SWKS
Q1 26
$496.6M
Q4 25
$496.4M
Q3 25
Q2 25
$496.2M
Q1 25
$995.1M
Q4 24
$994.7M
Q3 24
$994.3M
Q2 24
$994.0M
Stockholders' Equity
PNW
PNW
SWKS
SWKS
Q1 26
$5.8B
Q4 25
$7.0B
$5.8B
Q3 25
$7.2B
Q2 25
$6.7B
$5.7B
Q1 25
$6.7B
$5.9B
Q4 24
$6.8B
$6.4B
Q3 24
$6.6B
$6.3B
Q2 24
$6.2B
$6.3B
Total Assets
PNW
PNW
SWKS
SWKS
Q1 26
$7.9B
Q4 25
$30.0B
$7.9B
Q3 25
$29.9B
Q2 25
$29.2B
$7.7B
Q1 25
$27.2B
$7.9B
Q4 24
$26.1B
$8.3B
Q3 24
$26.3B
$8.3B
Q2 24
$25.7B
$8.2B
Debt / Equity
PNW
PNW
SWKS
SWKS
Q1 26
0.09×
Q4 25
0.09×
Q3 25
Q2 25
0.09×
Q1 25
0.17×
Q4 24
0.16×
Q3 24
0.16×
Q2 24
0.16×

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
SWKS
SWKS
Operating Cash FlowLast quarter
$476.8M
$395.5M
Free Cash FlowOCF − Capex
$-192.7M
$339.0M
FCF MarginFCF / Revenue
-17.1%
32.7%
Capex IntensityCapex / Revenue
59.3%
5.5%
Cash ConversionOCF / Net Profit
27.09×
4.99×
TTM Free Cash FlowTrailing 4 quarters
$-819.5M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PNW
PNW
SWKS
SWKS
Q1 26
$395.5M
Q4 25
$476.8M
$200.0M
Q3 25
$665.0M
Q2 25
$261.4M
$314.2M
Q1 25
$401.9M
$409.4M
Q4 24
$439.5M
$377.2M
Q3 24
$633.2M
$476.1M
Q2 24
$189.8M
$273.4M
Free Cash Flow
PNW
PNW
SWKS
SWKS
Q1 26
$339.0M
Q4 25
$-192.7M
$144.0M
Q3 25
$42.0M
Q2 25
$-448.1M
$252.7M
Q1 25
$-220.7M
$370.9M
Q4 24
$-92.1M
$338.2M
Q3 24
$-32.7M
$393.3M
Q2 24
$-344.2M
$249.0M
FCF Margin
PNW
PNW
SWKS
SWKS
Q1 26
32.7%
Q4 25
-17.1%
13.1%
Q3 25
2.3%
Q2 25
-33.0%
26.2%
Q1 25
-21.4%
38.9%
Q4 24
-8.4%
31.7%
Q3 24
-1.8%
38.4%
Q2 24
-26.3%
27.5%
Capex Intensity
PNW
PNW
SWKS
SWKS
Q1 26
5.5%
Q4 25
59.3%
5.1%
Q3 25
34.2%
Q2 25
52.2%
6.4%
Q1 25
60.3%
4.0%
Q4 24
48.5%
3.6%
Q3 24
37.6%
8.1%
Q2 24
40.8%
2.7%
Cash Conversion
PNW
PNW
SWKS
SWKS
Q1 26
4.99×
Q4 25
27.09×
1.41×
Q3 25
1.59×
Q2 25
1.33×
2.99×
Q1 25
5.96×
Q4 24
2.33×
Q3 24
1.59×
7.87×
Q2 24
0.91×
2.26×

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%

SWKS
SWKS

Sales Channel Through Intermediary$915.6M88%
Sales Channel Directly To Consumer$119.8M12%

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