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May 6, 2026·SEC
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Feb 19, 2026·SEC
Black Hills Corporation(BKH)Earnings, Financials & Key Ratios
BKH•NYSE•Utilities
18.3× P/E·Price updated Jun 19, 2026
AboutBlack Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,481.5 megawatts of generation capacity and 8,892 miles of electric transmission and distribution lines. The Gas Utilities segment distributes natural gas to approximately 1,094,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; owns and operates 4,732 miles of intrastate gas transmission pipelines; 41,644 miles of gas distribution mains and service lines; six natural gas storage sites; and approximately 50,000 horsepower of compression and 515 miles of gathering lines. The company also constructs and maintains gas infrastructure facilities for gas transportation customers; and provides appliance repair services to residential utility customers, as well as electrical system construction services to large industrial customers. In addition, it produces electric power through wind, natural gas, and coal-fired generating plants; and coal at its coal mine located near Gillette, Wyoming. The company was incorporated in 1941 and is headquartered in Rapid City, South Dakota.Show more
- Revenue$2.31B+8.6%
- EBITDA$821M+6.2%
- Net Income$292M+6.8%
- Free Cash Flow-$146M-488.0%
- EBITDA Margin35.55%-2.2%
- Net Margin12.62%-1.7%
- ROE7.79%-1.8%
- Interest Coverage2.63-0.5%
- Debt/Equity1.20-1.6%
BKH Key Insights
Black Hills Corporation (BKH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Dividend Aristocrat: 41 years of consecutive increases
- ✓Strong Piotroski F-Score: 7/9
- ✓41 years of consecutive dividend growth
- ✓Healthy dividend yield of 3.7%
- ✓Trading at only 1.4x book value
✗Weaknesses
- ✗High leverage: 5.7x Debt/EBITDA
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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BKH Price & Volume
Black Hills Corporation (BKH) stock price & volume — 10-year historical chart
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BKH Growth Metrics
Black Hills Corporation (BKH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.24%
5 Years6.36%
3 Years-3.26%
TTM3.58%
Profit CAGR
10 Years-
5 Years5.08%
3 Years4.11%
TTM3.11%
EPS CAGR
10 Years-
5 Years1.75%
3 Years0.08%
TTM-2.04%
Return on Capital
10 Years6.01%
5 Years5.57%
3 Years5.67%
Last Year5.54%
BKH Recent Earnings
Black Hills Corporation (BKH) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$1.79-4.8%
$1.88
Rev
$781M+1.5%
$769M
Q1 2026
Feb 4, 2026Metric
Actual
Est
EPS
$1.41+2.9%
$1.37
Rev
$636M-2.0%
$648M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.45+0.0%
$0.45
Rev
$430M-2.4%
$441M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.38+0.0%
$0.38
Rev
$439M-0.2%
$440M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $1.79vs $1.88-4.8% | $781Mvs $769M+1.5% |
| Q1 2026 | Feb 4, 2026 | $1.41vs $1.37+2.9% | $636Mvs $648M-2.0% |
| Q4 2025 | Nov 5, 2025 | $0.45vs $0.45+0.0% | $430Mvs $441M-2.4% |
| Q3 2025 | Jul 30, 2025 | $0.38vs $0.38+0.0% | $439Mvs $440M-0.2% |
Based on last 12 quarters of dataView full earnings history →
BKH Peer Comparison
Black Hills Corporation (BKH) competitors in Regulated electric and gas utilities — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NWE | 4.3B | 69.88 | 23.77 | 6.38% | 10.21% | 5.8% | 1.14 | |
 AVA | 3.29B | 39.76 | 16.71 | 1.34% | 10.75% | 7.65% | 1.25 | |
 OTTR | 3.67B | 87.50 | 13.36 | -1.99% | 21.34% | 15.21% | 0.59 | |
 POR | 5.81B | 50.18 | 18.18 | -1.95% | 7.22% | 6.25% | 1.34 | |
 MGEE | 2.79B | 75.92 | 20.41 | 9.85% | 18.61% | 10.94% | 0.72 | |
 WEC | 36.54B | 112.17 | 23.22 | 13.96% | 16.25% | 11.64% | 1.59 | |
 EVRG | 19.02B | 82.50 | 22.54 | 1.65% | 14.71% | 8.65% | 1.50 | |
 ATO | 28.39B | 170.11 | 22.80 | 12.91% | 27.58% | 7.69% | 0.69 |
Compare BKH vs Peers
Black Hills Corporation (BKH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BKH Income Statement
Black Hills Corporation (BKH) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.68B | 1.75B | 1.73B | 1.7B | 1.95B | 2.55B | 2.33B | 2.13B | 2.31B | 2.29B |
Revenue Growth % | 9.19% | 4.4% | -1.1% | -2.19% | 14.86% | 30.92% | -8.64% | -8.73% | 8.57% | 3.58% |
Cost of Revenue | 1.02B | 1.11B | 1.07B | 987.81M | 1.24B | 1.78B | 1.53B | 1.29B | 1.42B | 1.47B |
Gross Profit | 662.37M▲ 0% | 646.95M▼ 2.3% | 668.08M▲ 3.3% | 709.13M▲ 6.1% | 705.5M▼ 0.5% | 772.8M▲ 9.5% | 796.4M▲ 3.1% | 840.4M▲ 5.5% | 888.7M▲ 5.7% | 814.9M▲ 0% |
Gross Margin % | 39.42% | 36.88% | 38.51% | 41.79% | 36.2% | 30.28% | 34.16% | 39.5% | 38.47% | 35.66% |
Gross Profit Growth % | 8.02% | -2.33% | 3.27% | 6.15% | -0.51% | 9.54% | 3.05% | 5.52% | 5.75% | - |
Operating Expenses | 245.64M | 249.91M | 262.04M | 280.83M | 296.1M | 317.6M | 323.7M | 337.3M | 351.2M | 282.4M |
Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
EBITDA | 604.98M | 593.37M | 615.16M | 652.76M | 645.4M | 706.1M | 729.5M | 773.2M | 821.3M | 820.2M |
EBITDA Margin % | 36.01% | 33.82% | 35.46% | 38.47% | 33.11% | 27.67% | 31.29% | 36.34% | 35.55% | 35.89% |
EBITDA Growth % | 18.23% | -1.92% | 3.67% | 6.11% | -1.13% | 9.4% | 3.31% | 5.99% | 6.22% | 4.07% |
Depreciation & Amortization | 188.25M | 196.33M | 209.12M | 224.46M | 236M | 250.9M | 256.8M | 270.1M | 283.8M | 287.7M |
D&A / Revenue % | 11.2% | 11.19% | 12.05% | 13.23% | 12.11% | 9.83% | 11.02% | 12.69% | 12.29% | 12.59% |
Operating Income (EBIT) | 416.74M▲ 0% | 397.04M▼ 4.7% | 406.04M▲ 2.3% | 428.3M▲ 5.5% | 409.4M▼ 4.4% | 455.2M▲ 11.2% | 472.7M▲ 3.8% | 503.1M▲ 6.4% | 537.5M▲ 6.8% | 532.5M▲ 0% |
Operating Margin % | 24.8% | 22.63% | 23.4% | 25.24% | 21% | 17.84% | 20.28% | 23.65% | 23.27% | 23.3% |
Operating Income Growth % | 23.96% | -4.73% | 2.27% | 5.48% | -4.41% | 11.19% | 3.84% | 6.43% | 6.84% | - |
Interest Expense | 138.12M | 141.62M | 139.29M | 144.93M | 154.1M | 162.6M | 180M | 195.2M | 206.9M | 4M |
Interest Coverage | 3.04x | 2.81x | 2.74x | 2.90x | 2.68x | 2.82x | 2.68x | 2.64x | 2.63x | - |
Interest / Revenue % | 8.22% | 8.07% | 8.03% | 8.54% | 7.91% | 6.37% | 7.72% | 9.17% | 8.96% | 0.18% |
Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
Pretax Income | 281.74M▲ 0% | 255.88M▼ 9.2% | 242.9M▼ 5.1% | 275.68M▲ 13.5% | 258.4M▼ 6.3% | 296M▲ 14.6% | 301.6M▲ 1.9% | 320M▲ 6.1% | 343.5M▲ 7.3% | 339.6M▲ 0% |
Pretax Margin % | 16.77% | 14.59% | 14% | 16.25% | 13.26% | 11.6% | 12.94% | 15.04% | 14.87% | 14.86% |
Income Tax | 73.37M | -23.67M | 29.58M | 32.92M | 7.2M | 25.2M | 25.6M | 36.3M | 43.7M | 43.2M |
Effective Tax Rate % | 26.04% | -9.25% | 12.18% | 11.94% | 2.79% | 8.51% | 8.49% | 11.34% | 12.72% | 12.72% |
Net Income | 177.03M▲ 0% | 258.44M▲ 46.0% | 199.31M▼ 22.9% | 227.61M▲ 14.2% | 236.7M▲ 4.0% | 258.4M▲ 9.2% | 262.2M▲ 1.5% | 273.1M▲ 4.2% | 291.6M▲ 6.8% | 288.3M▲ 0% |
Net Margin % | 10.54% | 14.73% | 11.49% | 13.41% | 12.14% | 10.13% | 11.25% | 12.84% | 12.62% | 12.61% |
Net Income Growth % | 142.61% | 45.98% | -22.88% | 14.2% | 3.99% | 9.17% | 1.47% | 4.16% | 6.77% | 3.11% |
EPS (Diluted) | 3.34▲ 0% | 4.66▲ 39.5% | 3.28▼ 29.6% | 3.65▲ 11.3% | 3.74▲ 2.5% | 3.97▲ 6.1% | 3.91▼ 1.5% | 3.91▲ 0.0% | 3.98▲ 1.8% | 3.81▲ 0% |
EPS Growth % | 143.8% | 39.52% | -29.61% | 11.28% | 2.47% | 6.15% | -1.51% | 0% | 1.79% | -2.04% |
EPS (Basic) | 3.46 | 4.75 | 3.29 | 3.65 | 3.74 | 3.98 | 3.91 | 3.91 | 3.99 | - |
Diluted Shares Outstanding | 55.1M | 55.5M | 60.8M | 62.44M | 63.33M | 65.02M | 67.1M | 69.9M | 73.2M | 75.6M |
BKH Balance Sheet
Black Hills Corporation (BKH) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 6.66B | 6.96B | 7.56B | 8.09B | 9.13B | 9.62B | 9.62B | 10.02B | 10.87B | -250.2M |
Asset Growth % | 2.2% | 4.57% | 8.55% | 7.02% | 12.9% | 5.33% | 0.02% | 4.18% | 8.45% | -88.68% |
PP&E (Net) | 4.54B | 4.85B | 5.5B | 6.02B | 6.45B | 6.8B | 7.12B | 7.63B | 8.23B | -267.4M |
PP&E / Total Assets % | 68.2% | 69.72% | 72.81% | 74.42% | 70.62% | 70.68% | 74% | 76.13% | 75.75% | 106.87% |
Total Current Assets | 570.78M | 503.83M | 473.18M | 493.29M | 808.13M | 1.07B | 826.6M | 742.3M | 995.9M | 17.2M |
Cash & Equivalents | 15.42M | 20.78M | 9.78M | 6.36M | 8.92M | 21.4M | 86.6M | 16.1M | 182.8M | 17.2M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
Inventory | 113.28M | 117.3M | 117.17M | 117.4M | 150.98M | 207.4M | 160.9M | 153.9M | 172.4M | 0 |
Other Current Assets | 193.75M | 83.63M | 73.98M | 84.13M | 308.56M | 317.1M | 210.3M | 201.3M | 228.4M | 0 |
Long-Term Investments | 13.09M | 41.01M | 21.93M | 0 | 0 | 0 | 0 | 2.2M | 2M | 7.5M |
Goodwill | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 0 |
Intangible Assets | 7.56M | 14.34M | 13.27M | 11.94M | 10.77M | 9.6M | 8.4M | 7.6M | 6.4M | 0 |
Other Assets | -109.93M | -61.52M | 247.44M | 264.38M | 564.36M | 439.4M | 366.6M | 341.1M | 331.8M | 0 |
Total Liabilities | 4.84B | 4.68B | 5.09B | 5.43B | 6.24B | 6.53B | 6.31B | 6.44B | 6.96B | 0 |
Total Debt | 3.33B | 3.14B | 3.5B | 3.77B | 4.55B | 4.67B | 4.4B | 4.38B | 4.7B | 0 |
Net Debt | 3.31B | 3.12B | 3.49B | 3.76B | 4.54B | 4.65B | 4.31B | 4.37B | 4.52B | -17.2M |
Long-Term Debt | 3.11B | 2.95B | 3.14B | 3.53B | 4.13B | 3.61B | 3.8B | 4.25B | 4.7B | 0 |
Short-Term Borrowings | 217.04M | 191.36M | 355.24M | 242.48M | 420.18M | 1.06B | 600M | 133.8M | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Current Liabilities | 649.1M | 648.23M | 811.29M | 696.53M | 901.71M | 1.67B | 1.19B | 763.4M | 740M | 14.8M |
Accounts Payable | 160.89M | 210.61M | 193.52M | 183.34M | 217.76M | 310M | 186.4M | 229.1M | 311.7M | 0 |
Accrued Expenses | 173.49M | 170.44M | 64.66M | 66.52M | 70.68M | 80.5M | 89.8M | 106.4M | 116M | 298.1M |
Deferred Revenue | 44.42M | 43.57M | 54.73M | 52.19M | 48.81M | 47.7M | 76M | 55.6M | 59M | 0 |
Other Current Liabilities | 97.68M | 75.82M | 98.6M | 104.91M | 93.4M | 115.5M | 180.2M | 183.8M | 198.5M | 14.8M |
Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 2.05B |
Other Liabilities | 743.67M | 765.51M | 782.28M | 792.88M | 750.75M | 745.4M | 780.3M | 798.7M | 825.1M | 0 |
Total Equity | 1.82B▲ 0% | 2.29B▲ 25.7% | 2.46B▲ 7.7% | 2.66B▲ 8.1% | 2.89B▲ 8.4% | 3.09B▲ 7.0% | 3.31B▲ 7.0% | 3.59B▲ 8.5% | 3.91B▲ 8.9% | -2.5M▲ 0% |
Equity Growth % | 5.21% | 25.67% | 7.72% | 8.06% | 8.43% | 7.02% | 6.99% | 8.45% | 8.94% | -74.09% |
Shareholders Equity | 1.71B | 2.18B | 2.36B | 2.56B | 2.79B | 2.99B | 3.22B | 3.5B | 3.82B | 0 |
Minority Interest | 111.23M | 105.83M | 101.95M | 101.26M | 100.03M | 95M | 90.5M | 83.7M | 82.1M | -2.5M |
Common Stock | 53.58M | 60.05M | 61.48M | 62.83M | 64.79M | 66.1M | 68.3M | 71.7M | 75.5M | -53.1M |
Additional Paid-in Capital | 1.15B | 1.45B | 1.55B | 1.66B | 1.78B | 1.88B | 2.01B | 2.19B | 2.42B | 0 |
Retained Earnings | 548.62M | 700.4M | 778.78M | 870.74M | 962.46M | 1.06B | 1.16B | 1.25B | 1.34B | 0 |
Accumulated OCI | -41.2M | -26.92M | -30.66M | -27.35M | -20.08M | -15.6M | -14.8M | -9.4M | -9.7M | 0 |
Return on Assets (ROA) | 2.69% | 3.79% | 2.74% | 2.91% | 2.75% | 2.76% | 2.73% | 2.78% | 2.79% | 3.72% |
Return on Equity (ROE) | 9.97% | 12.58% | 8.39% | 8.88% | 8.53% | 8.65% | 8.2% | 7.93% | 7.79% | 10.05% |
Debt / Equity | 1.83x | 1.37x | 1.42x | 1.42x | 1.57x | 1.51x | 1.33x | 1.22x | 1.20x | -0.00x |
Debt / Assets | 49.95% | 45.13% | 46.24% | 46.61% | 49.79% | 48.53% | 45.75% | 43.74% | 43.25% | 0% |
Net Debt / EBITDA | 5.47x | 5.26x | 5.67x | 5.77x | 7.03x | 6.58x | 5.91x | 5.65x | 5.50x | -0.02x |
Book Value per Share | 33.03 | 41.21 | 40.53 | 42.64 | 45.59 | 47.52 | 49.27 | 51.29 | 53.36 | -0.03 |
BKH Cash Flow Statement
Black Hills Corporation (BKH) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 428.26M | 488.81M | 505.51M | 541.86M | -64.56M | 584.8M | 944.4M | 719.3M | 673.4M | 621.8M |
Operating CF Growth % | 33.64% | 14.14% | 3.42% | 7.19% | -111.92% | 1005.75% | 61.49% | -23.84% | -6.38% | -44.07% |
Operating CF / Revenue % | 25.49% | 27.86% | 29.14% | 31.93% | -3.31% | 22.92% | 40.51% | 33.81% | 29.15% | 27.21% |
Net Income | 208.38M | 279.55M | 213.32M | 242.76M | 251.26M | 270.8M | 262.2M | 283.7M | 299.8M | 288.3M |
Depreciation & Amortization | 217.62M | 204.88M | 241.27M | 243.31M | 245.54M | 250.9M | 256.8M | 270.1M | 283.8M | 289.4M |
Deferred Taxes | 80.99M | -24.24M | 38.02M | 38.09M | 7.26M | 25.6M | 25.4M | 52M | 54.3M | 52.9M |
Other Non-Cash Items | -32.63M | 7.67M | 17.62M | 11.51M | 14.15M | -4.5M | 10.2M | -3.4M | 3.4M | 7.1M |
Working Capital Changes | -53.72M | 8.56M | -16.82M | 818K | -592.44M | 33.4M | 382.8M | 106.3M | 20.3M | -31.2M |
Capital Expenditures | -326.01M | -457.52M | -818.38M | -767.4M | -677.49M | -604.4M | -555.6M | -744.2M | -819.8M | -934.3M |
CapEx / Revenue % | 19.4% | 26.08% | 47.17% | 45.22% | 34.76% | 23.69% | 23.83% | 34.98% | 35.49% | 40.88% |
CapEx / D&A | 1.50x | 2.23x | 3.39x | 3.15x | 2.76x | 2.41x | 2.16x | 2.76x | 2.89x | 3.23x |
CapEx Coverage (OCF/CapEx) | 1.31x | 1.07x | 0.62x | 0.71x | -0.10x | 0.97x | 1.70x | 0.97x | 0.82x | 0.67x |
Cash from Investing | -317.66M | -465.85M | -816.21M | -761.66M | -664.23M | -603.9M | -536.7M | -746M | -828.2M | -943M |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Purchase of Investments | 0 | -24.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | 8.35M | 16.1M | 2.17M | 5.74M | 13.26M | 500K | 18.9M | -1.8M | -8.4M | -8.7M |
Cash from Financing | -108.69M | -17.06M | 300.21M | 216.88M | 731.87M | 32.3M | -341.7M | -42.9M | 321.8M | 338.5M |
Dividends Paid | -96.74M | -106.59M | -124.65M | -135.44M | -145M | -156.7M | -168.1M | -182.3M | -197.9M | -202.4M |
Dividend Payout Ratio % | 54.65% | 41.24% | 62.54% | 59.51% | 61.26% | 60.64% | 64.11% | 66.75% | 67.87% | - |
Debt Issuance (Net) | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 2M |
Stock Issued | 4.41M | 300.83M | 101.36M | 99.28M | 119M | 90.1M | 118.3M | 181.4M | 219.2M | 214.3M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | -25.32M | -56.56M | -34.64M | -22.9M | -19.8M | -16.5M | -31.3M | -25.8M | -15.7M | -15.7M |
Net Change in Cash | 1.9M▲ 0% | 5.91M▲ 210.5% | -10.49M▼ 277.6% | -2.92M▲ 72.2% | 3.07M▲ 205.2% | 13.2M▲ 329.8% | 66M▲ 400.0% | -69.6M▼ 205.5% | 167M▲ 339.9% | 17.3M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 13.52M | 18.24M | 24.14M | 13.66M | 10.74M | 13.8M | 27M | 93M | 23.4M | 190.4M |
Cash at End | 15.42M | 24.14M | 13.66M | 10.74M | 13.81M | 27M | 93M | 23.4M | 190.4M | 31.4M |
Free Cash Flow | 102.25M▲ 0% | 31.29M▼ 69.4% | -312.86M▼ 1100.0% | -225.54M▲ 27.9% | -742.06M▼ 229.0% | -19.6M▲ 97.4% | 388.8M▲ 2083.7% | -24.9M▼ 106.4% | -146.4M▼ 488.0% | -312.5M▲ 0% |
FCF Growth % | 108.06% | -69.4% | -1099.98% | 27.91% | -229.01% | 97.36% | 2083.67% | -106.4% | -487.95% | -4240.28% |
FCF Margin % | 6.09% | 1.78% | -18.03% | -13.29% | -38.07% | -0.77% | 16.68% | -1.17% | -6.34% | -13.67% |
FCF / Net Income % | 57.76% | 12.11% | -156.97% | -99.09% | -313.5% | -7.59% | 148.28% | -9.12% | -50.21% | -108.39% |
BKH Key Ratios
Black Hills Corporation (BKH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 9.97% | 12.58% | 8.39% | 8.88% | 8.53% | 8.65% | 8.2% | 7.93% | 7.79% | 10.05% |
EBITDA Margin | 36.01% | 33.82% | 35.46% | 38.47% | 33.11% | 27.67% | 31.29% | 36.34% | 35.55% | 35.89% |
Net Debt / EBITDA | 5.47x | 5.26x | 5.67x | 5.77x | 7.03x | 6.58x | 5.91x | 5.65x | 5.50x | -0.02x |
Interest Coverage | 3.04x | 2.81x | 2.74x | 2.90x | 2.68x | 2.82x | 2.68x | 2.64x | 2.63x | - |
CapEx / Revenue | 19.4% | 26.08% | 47.17% | 45.22% | 34.76% | 23.69% | 23.83% | 34.98% | 35.49% | 40.88% |
Dividend Payout Ratio | 54.65% | 41.24% | 62.54% | 59.51% | 61.26% | 60.64% | 64.11% | 66.75% | 67.87% | 70.2% |
Debt / Equity | 1.83x | 1.37x | 1.42x | 1.42x | 1.57x | 1.51x | 1.33x | 1.22x | 1.20x | -0.00x |
EPS Growth | 143.8% | 39.52% | -29.61% | 11.28% | 2.47% | 6.15% | -1.51% | 0% | 1.79% | -2.04% |
Related:BKH Dividend History·BKH Revenue History·BKH Price History·BKH P/E History·BKH Financial Ratios·BKH Institutional Holders
BKH SEC Filings & Documents
Black Hills Corporation (BKH) SEC filings — annual & quarterly reports (10-K, 10-Q)
BKH Frequently Asked Questions
Black Hills Corporation (BKH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Black Hills Corporation (BKH) reported $2.29B in revenue for fiscal year 2025. This represents a 1306% increase from $162.6M in 1996.
Black Hills Corporation (BKH) grew revenue by 8.6% over the past year. This is steady growth.
Yes, Black Hills Corporation (BKH) is profitable, generating $288.3M in net income for fiscal year 2025 (12.6% net margin).
Dividend & Returns
Yes, Black Hills Corporation (BKH) pays a dividend with a yield of 3.72%. This makes it attractive for income-focused investors.
Black Hills Corporation (BKH) has a return on equity (ROE) of 7.8%. This is below average, suggesting room for improvement.
Black Hills Corporation (BKH) had negative free cash flow of $312.5M in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Black Hills Corporation (BKH) has a dividend payout ratio of 68%. This suggests the dividend is well-covered and sustainable.