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

Pinnacle West Capital is the larger business by last-quarter revenue ($1.1B vs $853.2M, roughly 1.3× UNIVERSAL CORP). UNIVERSAL CORP runs the higher net margin — 3.9% vs 1.6%, a 2.3% gap on every dollar of revenue. On growth, Pinnacle West Capital posted the faster year-over-year revenue change (3.0% vs -8.1%). UNIVERSAL CORP produced more free cash flow last quarter ($95.1M vs $-192.7M). Over the past eight quarters, Pinnacle West Capital's revenue compounded faster (8.9% CAGR vs 6.2%).

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).

Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.

PNW vs UVV — Head-to-Head

Bigger by revenue
PNW
PNW
1.3× larger
PNW
$1.1B
$853.2M
UVV
Growing faster (revenue YoY)
PNW
PNW
+11.1% gap
PNW
3.0%
-8.1%
UVV
Higher net margin
UVV
UVV
2.3% more per $
UVV
3.9%
1.6%
PNW
More free cash flow
UVV
UVV
$287.9M more FCF
UVV
$95.1M
$-192.7M
PNW
Faster 2-yr revenue CAGR
PNW
PNW
Annualised
PNW
8.9%
6.2%
UVV

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
PNW
PNW
UVV
UVV
Revenue
$1.1B
$853.2M
Net Profit
$17.6M
$33.2M
Gross Margin
17.8%
Operating Margin
10.7%
9.6%
Net Margin
1.6%
3.9%
Revenue YoY
3.0%
-8.1%
Net Profit YoY
798.0%
-44.2%
EPS (diluted)
$0.12
$1.32

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
UVV
UVV
Q4 25
$1.1B
$853.2M
Q3 25
$1.8B
$749.4M
Q2 25
$1.4B
$592.6M
Q1 25
$1.0B
$690.2M
Q4 24
$1.1B
$928.0M
Q3 24
$1.8B
$708.4M
Q2 24
$1.3B
$596.4M
Q1 24
$951.7M
$756.3M
Net Profit
PNW
PNW
UVV
UVV
Q4 25
$17.6M
$33.2M
Q3 25
$417.5M
$34.2M
Q2 25
$196.9M
$8.5M
Q1 25
$-338.0K
$9.3M
Q4 24
$-2.5M
$59.6M
Q3 24
$399.3M
$25.9M
Q2 24
$208.1M
$130.0K
Q1 24
$21.2M
$40.3M
Gross Margin
PNW
PNW
UVV
UVV
Q4 25
17.8%
Q3 25
18.0%
Q2 25
19.1%
Q1 25
15.1%
Q4 24
19.9%
Q3 24
19.9%
Q2 24
16.0%
Q1 24
18.0%
Operating Margin
PNW
PNW
UVV
UVV
Q4 25
10.7%
9.6%
Q3 25
32.0%
9.0%
Q2 25
22.6%
5.7%
Q1 25
5.5%
6.2%
Q4 24
7.7%
11.2%
Q3 24
30.9%
9.7%
Q2 24
24.0%
2.9%
Q1 24
7.0%
9.0%
Net Margin
PNW
PNW
UVV
UVV
Q4 25
1.6%
3.9%
Q3 25
22.9%
4.6%
Q2 25
14.5%
1.4%
Q1 25
-0.0%
1.4%
Q4 24
-0.2%
6.4%
Q3 24
22.6%
3.7%
Q2 24
15.9%
0.0%
Q1 24
2.2%
5.3%
EPS (diluted)
PNW
PNW
UVV
UVV
Q4 25
$0.12
$1.32
Q3 25
$3.39
$1.36
Q2 25
$1.58
$0.34
Q1 25
$-0.04
$0.37
Q4 24
$-0.04
$2.37
Q3 24
$3.37
$1.03
Q2 24
$1.76
$0.01
Q1 24
$0.15
$1.62

Balance Sheet & Financial Strength

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

Metric
PNW
PNW
UVV
UVV
Cash + ST InvestmentsLiquidity on hand
$6.6M
$85.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.0B
$1.5B
Total Assets
$30.0B
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PNW
PNW
UVV
UVV
Q4 25
$6.6M
$85.2M
Q3 25
$30.9M
$88.7M
Q2 25
$18.8M
$178.4M
Q1 25
$10.0M
$260.1M
Q4 24
$3.8M
$215.1M
Q3 24
$49.2M
$80.1M
Q2 24
$4.0M
$101.7M
Q1 24
$9.6M
$55.6M
Stockholders' Equity
PNW
PNW
UVV
UVV
Q4 25
$7.0B
$1.5B
Q3 25
$7.2B
$1.5B
Q2 25
$6.7B
$1.5B
Q1 25
$6.7B
$1.5B
Q4 24
$6.8B
$1.5B
Q3 24
$6.6B
$1.4B
Q2 24
$6.2B
$1.4B
Q1 24
$6.2B
$1.4B
Total Assets
PNW
PNW
UVV
UVV
Q4 25
$30.0B
$3.0B
Q3 25
$29.9B
$3.1B
Q2 25
$29.2B
$3.2B
Q1 25
$27.2B
$3.0B
Q4 24
$26.1B
$3.0B
Q3 24
$26.3B
$3.0B
Q2 24
$25.7B
$3.0B
Q1 24
$24.8B
$2.9B

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
UVV
UVV
Operating Cash FlowLast quarter
$476.8M
$114.3M
Free Cash FlowOCF − Capex
$-192.7M
$95.1M
FCF MarginFCF / Revenue
-17.1%
11.1%
Capex IntensityCapex / Revenue
59.3%
2.3%
Cash ConversionOCF / Net Profit
27.09×
3.44×
TTM Free Cash FlowTrailing 4 quarters
$-819.5M
$52.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PNW
PNW
UVV
UVV
Q4 25
$476.8M
$114.3M
Q3 25
$665.0M
$32.7M
Q2 25
$261.4M
$-205.1M
Q1 25
$401.9M
$158.7M
Q4 24
$439.5M
$215.6M
Q3 24
$633.2M
$15.0M
Q2 24
$189.8M
$-62.4M
Q1 24
$347.4M
$-27.9M
Free Cash Flow
PNW
PNW
UVV
UVV
Q4 25
$-192.7M
$95.1M
Q3 25
$42.0M
$23.7M
Q2 25
$-448.1M
$-217.2M
Q1 25
$-220.7M
$151.0M
Q4 24
$-92.1M
$199.6M
Q3 24
$-32.7M
$-1.0M
Q2 24
$-344.2M
$-85.2M
Q1 24
$-170.4M
$-46.2M
FCF Margin
PNW
PNW
UVV
UVV
Q4 25
-17.1%
11.1%
Q3 25
2.3%
3.2%
Q2 25
-33.0%
-36.6%
Q1 25
-21.4%
21.9%
Q4 24
-8.4%
21.5%
Q3 24
-1.8%
-0.1%
Q2 24
-26.3%
-14.3%
Q1 24
-17.9%
-6.1%
Capex Intensity
PNW
PNW
UVV
UVV
Q4 25
59.3%
2.3%
Q3 25
34.2%
1.2%
Q2 25
52.2%
2.0%
Q1 25
60.3%
1.1%
Q4 24
48.5%
1.7%
Q3 24
37.6%
2.3%
Q2 24
40.8%
3.8%
Q1 24
54.4%
2.4%
Cash Conversion
PNW
PNW
UVV
UVV
Q4 25
27.09×
3.44×
Q3 25
1.59×
0.96×
Q2 25
1.33×
-24.14×
Q1 25
17.00×
Q4 24
3.62×
Q3 24
1.59×
0.58×
Q2 24
0.91×
-480.34×
Q1 24
16.41×
-0.69×

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%

UVV
UVV

Tobacco Operations$779.9M91%
Service Other$36.7M4%
Other$17.8M2%

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