EXC vs. PNW: Exelon vs. Pinnacle West Capital Stock Comparison

November 11, 2026

How do Exelon (EXC) and Pinnacle West Capital (PNW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Exelon (EXC) and Pinnacle West Capital (PNW) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.

Company profile comparison for Exelon (EXC) and Pinnacle West Capital (PNW)
Profile Item	EXC	PNW
Name	Exelon Corp.	Pinnacle West Capital Corporation
Country/Region	United States	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Electric Utilities	Electric Utilities
GICS Sub-Industry	Electric Utilities	Electric Utilities
Market Capitalization	47.21 billion USD	12.63 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	May 2, 1973	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EXC

PNW

GSPC

Exelon (EXC) vs. Pinnacle West Capital (PNW), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Exelon (EXC) and Pinnacle West Capital (PNW). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Exelon (EXC) and Pinnacle West Capital (PNW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Exelon (EXC) and Pinnacle West Capital (PNW)
Metric	EXC	PNW
Total Return (1Y)	2.39%	24.23%
Total Return (3Y, Annualized)	9.20%	18.78%
Total Return (5Y, Annualized)	7.16%	15.87%

Risk Profile

Drawdown History

EXC

PNW

GSPC

Exelon (EXC) vs. Pinnacle West Capital (PNW), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Exelon (EXC) and Pinnacle West Capital (PNW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Exelon (EXC) and Pinnacle West Capital (PNW)
Metric	EXC	PNW
Volatility (1Y, Annualized)	20.24%	17.21%
Beta (5Y)	0.24	0.48
Max Drawdown (5Y)	-29.05%	-24.02%
Avg. Volume (3M)	7.62M	1.28M

Risk-Adjusted Performance

Risk-Return Positioning

EXC and PNW are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Exelon (EXC) and Pinnacle West Capital (PNW)
Metric	EXC	PNW
Sharpe Ratio (1Y)	-0.09	1.16
Sortino Ratio (1Y)	-0.14	1.77

Profitability

ROE (TTM)

Both Exelon (EXC) at 9.06% and Pinnacle West Capital (PNW) at 9.09% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

EXC

Utilities industry group

9.06%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
EXC: 9.06%
Q1: 7.56%
Min: 2.17%

PNW

Utilities industry group

9.09%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
PNW: 9.09%
Q1: 7.56%
Min: 2.17%

Exelon (EXC) vs. Pinnacle West Capital (PNW): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both Exelon (EXC) at 10.17% and Pinnacle West Capital (PNW) at 11.59% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

EXC

Utilities industry group

10.17%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
EXC: 10.17%
Q1: 9.18%
Min: -0.20%

PNW

Utilities industry group

11.59%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
PNW: 11.59%
Q1: 9.18%
Min: -0.20%

Exelon (EXC) vs. Pinnacle West Capital (PNW): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Pinnacle West Capital (PNW) at 31.70% operates in the top operating margin quartile, ahead of Exelon (EXC) at 19.18%, which runs around its industry’s norm.

EXC

Utilities industry group

19.18%

Max: 53.83%
Q3: 31.12%
Median: 23.62%
EXC: 19.18%
Q1: 15.45%
Min: -4.90%

PNW

Utilities industry group

31.70%

Max: 53.83%
PNW: 31.70%
Q3: 31.12%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

Exelon (EXC) vs. Pinnacle West Capital (PNW): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Exelon (EXC) and Pinnacle West Capital (PNW)
Metric	EXC	PNW
ROE (TTM)	9.06%	9.09%
ROA (TTM)	2.72%	2.36%
Net Margin (TTM)	10.17%	11.59%
Operating Margin (TTM)	19.18%	31.70%
Gross Margin (TTM)	41.50%	43.84%

Growth

Revenue Growth

Both Exelon (EXC) at 5.34% and Pinnacle West Capital (PNW) at 4.20% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Exelon (EXC) vs. Pinnacle West Capital (PNW): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Exelon (EXC) at 10.61% and Pinnacle West Capital (PNW) at -3.63% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Exelon (EXC) vs. Pinnacle West Capital (PNW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Exelon (EXC) and Pinnacle West Capital (PNW)
Metric	EXC	PNW
Revenue Growth (YoY)	5.34%	4.20%
Revenue Growth (3Y CAGR)	8.34%	7.28%
EPS Growth (YoY)	10.61%	-3.63%
EPS Growth (3Y CAGR)	9.19%	5.83%

Financial Strength

Current Ratio (MRQ)

Both Exelon (EXC) at 1.03 and Pinnacle West Capital (PNW) at 0.71 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

EXC

Utilities industry group

1.03

Max: 1.90
Q3: 1.17
EXC: 1.03
Median: 0.88
Q1: 0.66
Min: 0.29

PNW

Utilities industry group

0.71

Max: 1.90
Q3: 1.17
Median: 0.88
PNW: 0.71
Q1: 0.66
Min: 0.29

Exelon (EXC) vs. Pinnacle West Capital (PNW): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Exelon (EXC) at 1.77 carries an industry-typical debt-to-equity mix, while Pinnacle West Capital (PNW) at 2.26 uses more debt funding than most peers.

EXC

Utilities industry group

1.77

Max: 2.63
Q3: 1.77
EXC: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

PNW

Utilities industry group

2.26

Max: 2.63
PNW: 2.26
Q3: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

Exelon (EXC) vs. Pinnacle West Capital (PNW): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Exelon (EXC) and Pinnacle West Capital (PNW)
Metric	EXC	PNW
Current Ratio (MRQ)	1.03	0.71
Debt / Equity (MRQ)	1.77	2.26
Net Debt / EBITDA	6.21	7.67

Dividends

Dividend Yield (TTM)

Both Exelon (EXC) at 3.57% and Pinnacle West Capital (PNW) at 3.51% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

EXC

Utilities industry group

3.57%

Max: 6.66%
Q3: 3.58%
EXC: 3.57%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

PNW

Utilities industry group

3.51%

Max: 6.66%
Q3: 3.58%
PNW: 3.51%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

Exelon (EXC) vs. Pinnacle West Capital (PNW): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both Exelon (EXC) at 64.84% and Pinnacle West Capital (PNW) at 68.42% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EXC

Utilities industry group

64.84%

Max: 113.04%
Q3: 68.72%
EXC: 64.84%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

PNW

Utilities industry group

68.42%

Max: 113.04%
Q3: 68.72%
PNW: 68.42%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

Exelon (EXC) vs. Pinnacle West Capital (PNW): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Exelon (EXC) and Pinnacle West Capital (PNW)
Metric	EXC	PNW
Dividend Yield (TTM)	3.57%	3.51%
Dividend Payout Ratio (TTM)	64.84%	68.42%

Valuation

P/E Ratio (TTM)

Both Exelon (EXC) at 17.82 and Pinnacle West Capital (PNW) at 19.59 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

EXC

Utilities industry group

17.82

Max: 31.22
Q3: 23.30
Median: 19.64
EXC: 17.82
Q1: 15.17
Min: 3.34

PNW

Utilities industry group

19.59

Max: 31.22
Q3: 23.30
Median: 19.64
PNW: 19.59
Q1: 15.17
Min: 3.34

Exelon (EXC) vs. Pinnacle West Capital (PNW): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Exelon (EXC) at 1.82 and Pinnacle West Capital (PNW) at 2.21 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

EXC

Utilities industry group

1.82

Max: 6.35
Q3: 3.63
Median: 2.63
EXC: 1.82
Q1: 1.52
Min: 0.00

PNW

Utilities industry group

2.21

Max: 6.35
Q3: 3.63
Median: 2.63
PNW: 2.21
Q1: 1.52
Min: 0.00

Exelon (EXC) vs. Pinnacle West Capital (PNW): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Exelon (EXC) at 1.57 and Pinnacle West Capital (PNW) at 1.69 are valued close to their industries’ norm against book — neither stands out from peers.

EXC

Utilities industry group

1.57

Max: 3.12
Q3: 2.21
Median: 1.83
EXC: 1.57
Q1: 1.46
Min: 0.34

PNW

Utilities industry group

1.69

Max: 3.12
Q3: 2.21
Median: 1.83
PNW: 1.69
Q1: 1.46
Min: 0.34

Exelon (EXC) vs. Pinnacle West Capital (PNW): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Exelon (EXC) and Pinnacle West Capital (PNW)
Metric	EXC	PNW
P/E Ratio (TTM)	17.82	19.59
P/S Ratio (TTM)	1.82	2.21
P/B Ratio (MRQ)	1.57	1.69
Free Cash Flow Yield (TTM)	-6.97%	-7.90%