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Side-by-side financial comparison of Pinnacle West Capital (PNW) and TFI International Inc. (TFII). Click either name above to swap in a different company.
Pinnacle West Capital is the larger business by last-quarter revenue ($1.1B vs $921.9M, roughly 1.2× TFI International Inc.).
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).
TFI International Inc. is a Canadian transport and logistics company based in Saint-Laurent, Quebec, a borough of Montreal. It operates primarily in Canada, the United States, and Mexico through 4 business segments: less than truckload (LTL), package and courier, logistics, and truckload. It has Canada's largest LTL business, largest trucking fleet, and in 2021 was ranked 6th in terms of revenue among both LTL and truckload North American carriers. Its trucking fleet consists of over 14,000 c...
PNW vs TFII — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $921.9M |
| Net Profit | $17.6M | — |
| Gross Margin | — | — |
| Operating Margin | 10.7% | 8.4% |
| Net Margin | 1.6% | — |
| Revenue YoY | 3.0% | — |
| Net Profit YoY | 798.0% | — |
| EPS (diluted) | $0.12 | — |
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 | — | ||
| Q3 25 | $1.8B | $921.9M | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $1.0B | $2.0B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $1.3B | $2.3B | ||
| Q1 24 | $951.7M | $1.9B |
| Q4 25 | $17.6M | — | ||
| Q3 25 | $417.5M | — | ||
| Q2 25 | $196.9M | $98.2M | ||
| Q1 25 | $-338.0K | $56.0M | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | $399.3M | — | ||
| Q2 24 | $208.1M | $117.8M | ||
| Q1 24 | $21.2M | $92.8M |
| Q4 25 | 10.7% | — | ||
| Q3 25 | 32.0% | 8.4% | ||
| Q2 25 | 22.6% | 8.4% | ||
| Q1 25 | 5.5% | 5.8% | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 30.9% | 9.5% | ||
| Q2 24 | 24.0% | 9.2% | ||
| Q1 24 | 7.0% | 8.1% |
| Q4 25 | 1.6% | — | ||
| Q3 25 | 22.9% | — | ||
| Q2 25 | 14.5% | 4.8% | ||
| Q1 25 | -0.0% | 2.9% | ||
| Q4 24 | -0.2% | — | ||
| Q3 24 | 22.6% | — | ||
| Q2 24 | 15.9% | 5.2% | ||
| Q1 24 | 2.2% | 5.0% |
| Q4 25 | $0.12 | — | ||
| Q3 25 | $3.39 | — | ||
| Q2 25 | $1.58 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.04 | — | ||
| Q3 24 | $3.37 | — | ||
| Q2 24 | $1.76 | — | ||
| Q1 24 | $0.15 | — |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.0B | — |
| Total Assets | $30.0B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.6M | — | ||
| Q3 25 | $30.9M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $10.0M | — | ||
| Q4 24 | $3.8M | — | ||
| Q3 24 | $49.2M | — | ||
| Q2 24 | $4.0M | — | ||
| Q1 24 | $9.6M | — |
| Q4 25 | $7.0B | — | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $6.7B | — | ||
| Q1 25 | $6.7B | — | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $6.6B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.2B | — |
| Q4 25 | $30.0B | — | ||
| Q3 25 | $29.9B | — | ||
| Q2 25 | $29.2B | — | ||
| Q1 25 | $27.2B | — | ||
| Q4 24 | $26.1B | — | ||
| Q3 24 | $26.3B | — | ||
| Q2 24 | $25.7B | — | ||
| Q1 24 | $24.8B | — |
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 | — |
| Free Cash FlowOCF − Capex | $-192.7M | — |
| FCF MarginFCF / Revenue | -17.1% | — |
| Capex IntensityCapex / Revenue | 59.3% | — |
| Cash ConversionOCF / Net Profit | 27.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-819.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $476.8M | — | ||
| Q3 25 | $665.0M | — | ||
| Q2 25 | $261.4M | — | ||
| Q1 25 | $401.9M | — | ||
| Q4 24 | $439.5M | — | ||
| Q3 24 | $633.2M | — | ||
| Q2 24 | $189.8M | — | ||
| Q1 24 | $347.4M | — |
| Q4 25 | $-192.7M | — | ||
| Q3 25 | $42.0M | — | ||
| Q2 25 | $-448.1M | — | ||
| Q1 25 | $-220.7M | — | ||
| Q4 24 | $-92.1M | — | ||
| Q3 24 | $-32.7M | — | ||
| Q2 24 | $-344.2M | — | ||
| Q1 24 | $-170.4M | — |
| Q4 25 | -17.1% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | -33.0% | — | ||
| Q1 25 | -21.4% | — | ||
| Q4 24 | -8.4% | — | ||
| Q3 24 | -1.8% | — | ||
| Q2 24 | -26.3% | — | ||
| Q1 24 | -17.9% | — |
| Q4 25 | 59.3% | — | ||
| Q3 25 | 34.2% | — | ||
| Q2 25 | 52.2% | — | ||
| Q1 25 | 60.3% | — | ||
| Q4 24 | 48.5% | — | ||
| Q3 24 | 37.6% | — | ||
| Q2 24 | 40.8% | — | ||
| Q1 24 | 54.4% | — |
| Q4 25 | 27.09× | — | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.33× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.59× | — | ||
| Q2 24 | 0.91× | — | ||
| Q1 24 | 16.41× | — |
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% |
TFII
Segment breakdown not available.
