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Held by 670 of 5,944 reporting institutions (98th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
3/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $423M dividends + $0 buybacks = $423M returned on -$820M FCF.
9 consecutive years of dividend increases · 4%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: 4%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~4.2% on $10.0B of debt.
Cash of $7M is below short-term debt of $757M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.34B 100.0% | $5.12B 100.0% | $4.70B 100.0% | $4.32B 100.0% | $3.80B 100.0% | $3.59B 100.0% | $3.47B 100.0% | $3.69B 100.0% | $3.57B 100.0% | $3.50B 100.0% |
| Cost of Revenue | — | — | — | — | — | — | — | $1.08B 29.2% | $981.3M 27.5% | $1.08B 30.7% |
| Total Operating Expenses | $4.27B 80.0% | $4.11B 80.3% | $3.87B 82.4% | $3.59B 83.1% | $3.00B 78.8% | $2.80B 78.0% | $2.80B 80.6% | $2.92B 79.0% | $2.66B 74.5% | $2.66B 76.1% |
| Operating Income | $1.07B 20.0% | $1.01B 19.7% | $824.6M 17.6% | $731.9M 16.9% | $805.3M 21.2% | $788.2M 22.0% | $672.0M 19.4% | $773.7M 21.0% | $909.8M 25.5% | $835.6M 23.9% |
| Interest Expense | $422.0M 7.9% | $377.5M 7.4% | $331.3M 7.1% | $255.5M 5.9% | $233.3M 6.1% | $229.0M 6.4% | $216.7M 6.2% | $218.3M 5.9% | $197.7M 5.5% | $185.8M 5.3% |
| Interest & Investment Income | $18.0M 0.3% | $24.3M 0.5% | $27.2M 0.6% | $7.3M 0.2% | $6.7M 0.2% | $12.2M 0.3% | $10.4M 0.3% | $8.6M 0.2% | $3.5M 0.1% | $884K 0.0% |
| Other Income (Expense), net | $92.7M 1.7% | $102.0M 2.0% | $102.4M 2.2% | $99.3M 2.3% | $174.0M 4.6% | $89.0M 2.5% | $86.8M 2.5% | $109.0M 3.0% | $54.1M 1.5% | $48.1M 1.4% |
| Pretax Income | $738.4M 13.8% | $736.6M 14.4% | $595.7M 12.7% | — | — | — | — | — | — | — |
| Income Tax Expense | $106.7M 2.0% | $110.5M 2.2% | $76.9M 1.6% | $74.8M 1.7% | $110.1M 2.9% | $78.2M 2.2% | -$15.8M -0.5% | $133.9M 3.6% | $258.3M 7.2% | $236.4M 6.8% |
| Net Income | $631.6M 11.8% | $626.0M 12.2% | $518.8M 11.0% | $500.8M 11.6% | $635.9M 16.7% | $570.1M 15.9% | $557.8M 16.1% | $530.5M 14.4% | $507.9M 14.2% | $461.5M 13.2% |
| Per Share | ||||||||||
| EPS (Basic) | $5.15 | $5.35 | $4.42 | $4.27 | $5.48 | $4.89 | $4.79 | $4.56 | $4.37 | $3.97 |
| EPS (Diluted) | $5.05 | $5.24 | $4.41 | $4.26 | $5.47 | $4.87 | $4.77 | $4.54 | $4.35 | $3.95 |
| Weighted Avg Shares (Basic) | 119.7M | 113.8M | 113.4M | 113.2M | 112.9M | 112.7M | 112.4M | 112.1M | 111.8M | 111.4M |
| Weighted Avg Shares (Diluted) | 122.0M | 116.2M | 113.8M | 113.4M | 113.2M | 112.9M | 112.8M | 112.5M | 112.4M | 112.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 95 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEV | $249.3B | 52.3× | 124.5× | 6.5× | 9.0% | 19.8% | 12.8% | 43.7% | 43.4% | 0.0× | 2,989 |
| NEE | $169.3B | 24.6× | — | 6.6× | 9.8% | — | 26.5% | 12.5% | 4.6% | — | 2,911 |
| SO | $95.7B | 22.1× | — | 3.2× | 10.6% | — | 14.7% | 12.1% | 11.8% | — | 2,268 |
| DUK | $92.2B | 18.8× | 10.7× | 2.9× | 5.6% | — | 15.7% | 9.6% | 3.7% | 5.1× | 2,360 |
| CEG | $82.0B | 35.5× | 21.5× | 3.2× | 8.3% | — | 9.1% | 16.0% | 9.9% | 2.2× | 1,836 |
| AEP | $65.8B | 18.3× | 12.9× | 3.0× | 10.9% | — | 16.9% | 11.9% | 4.8% | 5.3× | 1,854 |
| D | $56.5B | 18.6× | — | 3.4× | 14.2% | — | 18.2% | 10.3% | 3.8% | — | 1,421 |
| SRE | $53.6B | 29.9× | — | 3.9× | 3.9% | — | 13.4% | 5.8% | 5.1% | — | 1,217 |
| VST | $48.5B | 65.8× | 17.1× | 2.7× | 3.0% | — | 5.3% | 18.5% | 3.9% | 4.8× | 1,246 |
| XEL | $45.9B | 21.5× | — | — | — | — | — | 8.5% | 3.5% | — | 1,208 |
| ETR | $45.7B | 26.4× | 13.1× | 3.5× | 9.0% | — | 13.7% | 10.5% | 3.9% | 5.2× | 1,224 |
| EXC | $43.6B | — | 11.1× | 1.8× | 5.3% | — | 11.4% | 9.6% | 3.6% | 5.9× | 1,230 |
| ED | $38.7B | 19.0× | — | 2.3× | 10.9% | — | 12.0% | 8.4% | 4.0% | — | 1,368 |
| PEG | $35.3B | 16.8× | — | 2.9× | 18.3% | — | 17.3% | 12.4% | 5.3% | — | 1,231 |
| WEC | $34.1B | 21.8× | 14.6× | 3.5× | 14.0% | 66.7% | 15.9% | 11.1% | 4.5% | 5.5× | 1,310 |
| AEE | $28.7B | 19.4× | — | 3.3× | 15.4% | — | 16.6% | 10.9% | 4.5% | — | 884 |
| AWK | $27.0B | 24.3× | 10.3× | 5.3× | 10.1% | — | 21.7% | 10.3% | 8.9% | 0.6× | 1,100 |
| FE | $26.4B | 26.0× | 6.9× | 1.8× | 12.0% | — | 6.8% | 8.2% | 7.9% | 0.1× | 894 |
| ATO | $26.2B | 21.7× | 11.3× | 5.6× | 12.9% | — | 25.5% | 8.8% | 8.8% | — | 961 |
| ES | $25.9B | 15.1× | 10.0× | 1.9× | 13.8% | — | 12.5% | 10.5% | 3.8% | 5.2× | 1,012 |
| PPL | $25.2B | 21.1× | 12.4× | 2.8× | 6.9% | — | 13.1% | 7.9% | 3.5% | 5.4× | 947 |
| CNP | $25.2B | 24.1× | 12.7× | 2.7× | 8.3% | 100.0% | 11.2% | 9.4% | 3.3% | 5.8× | 774 |
| EIX | $21.4B | 4.8× | 5.8× | 1.1× | 9.8% | — | 23.1% | 25.4% | 8.0% | 3.7× | 1,005 |
| CMS | $20.3B | 18.8× | 12.7× | 2.4× | 13.6% | — | 12.5% | 11.7% | 3.8% | 6.2× | 762 |
| NRG | $20.2B | 26.5× | 9.8× | 0.7× | 9.2% | — | 2.8% | 51.4% | 4.8% | 5.1× | 1,010 |
| PNW | $11.4B | 18.9× | 10.5× | 2.1× | 4.2% | — | 11.8% | 9.0% | 3.7% | 4.9× | 670 |
Peers = companies sharing PNW's sector (Utilities) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 98th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 1.3× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 29.2 | — | — | — | — | — | — | — |
| Operating Income | 21.0 | 19.4 | 22.0 | 21.2 | 16.9 | 17.6 | 19.7 | 20.0 |
| Income Tax | 3.6 | -0.5 | 2.2 | 2.9 | 1.7 | 1.6 | 2.2 | 2.0 |
| Net Income | 14.4 | 16.1 | 15.9 | 16.7 | 11.6 | 11.0 | 12.2 | 11.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on PNW: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.