Black Hills Corp
BKH
75.84
+5.10
+7.21%
Black Hills Corp
US · BKH
#2043 by market cap
Listed 1970
75.84
+5.10
+7.21%
Live - 5344 symbols - heartbeat 468s ago
· 2026-10-08 03:13
After-hours
76.11
+0.36%
Overnight
75.84
0.00%
- Market cap
- 5.78B
- P/E (TTM)i
- 19.10
- P/Bi
- 1.47
- EPSi
- 3.98
- Div yieldi
- 3.64%
- 52W posi
- 89%
Reader sentiment
Are you bullish or bearish on BKH?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.08, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +8.57% YoY
Margins
- Gross margin
- 38.47%
- Operating margin
- 23.27%
- Net margin
- 12.62%
Key ratios & quality
- PEG ratioi
- 4.65
- Altman Z-Scorei
- 1.08
PEG uses trailing P/E against the 3-year net income growth rate (4.11%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.75B | 1.73B | 1.70B | 1.95B | 2.55B | 2.33B | 2.13B | 2.31B |
| Gross profit | 646.95M | 668.08M | 709.13M | 705.50M | 772.80M | 796.40M | 840.40M | 888.70M |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 397.04M | 406.04M | 428.30M | 409.40M | 455.20M | 472.70M | 503.10M | 537.50M |
| Pretax profit | 255.88M | 242.90M | 275.68M | 258.40M | 296.00M | 301.60M | 320.00M | 343.50M |
| Tax | -23.67M | 29.58M | 32.92M | 7.20M | 25.20M | 25.60M | 36.30M | 43.70M |
| Net profit | 272.66M | 213.32M | 242.76M | 251.20M | 270.80M | 276.00M | 283.70M | 299.80M |
| Basic EPS | 5 | 3 | 4 | 4 | 4 | 4 | 4 | 4 |
| Diluted EPS | 4.66 | 3.28 | 3.65 | 3.74 | 3.97 | 3.91 | 3.91 | 3.98 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 805.20M | 439.00M | 430.20M | 635.50M | 780.70M | 452.80M |
| Gross profit | 291.80M | 167.40M | 167.40M | 262.10M | 294.80M | 188.80M |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 205.00M | 82.50M | 78.70M | 171.40M | 201.90M | 97.00M |
| Pretax profit | 154.50M | 33.20M | 29.90M | 125.90M | 150.70M | 45.60M |
| Tax | 18.10M | 4.40M | 4.00M | 17.20M | 17.60M | 5.20M |
| Net profit | 136.40M | 28.80M | 25.90M | 108.70M | 133.10M | 40.40M |
| Basic EPS | 2 | 0 | 0 | 1 | 2 | 1 |
| Diluted EPS | 1.87 | 0.38 | 0.34 | 1.39 | 1.73 | 0.50 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 503.83M | 473.18M | 493.29M | 808.13M | 1.07B | 826.60M | 742.30M | 995.90M |
| Cash & ST investments | 20.78M | 9.78M | 6.36M | 8.92M | 21.40M | 86.60M | 16.10M | 182.80M |
| Inventory | 117.30M | 117.17M | 117.40M | 150.98M | 207.40M | 160.90M | 153.90M | 172.40M |
| Total assets | 6.96B | 7.56B | 8.09B | 9.13B | 9.62B | 9.62B | 10.02B | 10.87B |
| Total current liabilities | 648.23M | 811.29M | 696.53M | 901.71M | 1.67B | 1.19B | 763.40M | 740.00M |
| Short-term debt | 191.36M | 355.24M | 242.48M | 420.18M | 1.06B | 600.00M | 133.80M | -- |
| Long-term debt | 2.95B | 3.14B | 3.53B | 4.13B | 3.61B | 3.80B | 4.25B | 4.70B |
| Total liabilities | 4,675,904,000.00 | 5,094,388,000.00 | 5,426,139,000.00 | 6,244,773,000.00 | 6,528,300,000.00 | 6,314,600,000.00 | 6,437,400,000.00 | 6,964,100,000.00 |
| Total equity | 2.29B | 2.46B | 2.66B | 2.89B | 3.09B | 3.31B | 3.59B | 3.91B |
| Retained earnings | 700.40M | 778.78M | 870.74M | 962.46M | 1.06B | 1.16B | 1.25B | 1.34B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 708.10M | 608.40M | 667.60M | 995.90M | 788.20M | 745.10M |
| Cash & ST investments | 6.60M | 8.10M | 21.10M | 182.80M | 23.60M | 71.50M |
| Inventory | 128.10M | 145.20M | 173.00M | 172.40M | 146.80M | 157.90M |
| Total assets | 10.06B | 10.09B | 10.33B | 10.87B | 10.82B | 11.04B |
| Total current liabilities | 928.90M | 953.90M | 734.60M | 740.00M | 1.22B | 1.43B |
| Short-term debt | 359.90M | 423.70M | 126.00M | -- | 662.20M | 500.00M |
| Long-term debt | 3.95B | 3.95B | 4.25B | 4.70B | 3.99B | 3.99B |
| Total liabilities | 6,344,100,000.00 | 6,372,200,000.00 | 6,478,100,000.00 | 6,964,100,000.00 | 6,793,100,000.00 | 7,014,400,000.00 |
| Total equity | 3.72B | 3.72B | 3.85B | 3.91B | 4.03B | 4.02B |
| Retained earnings | 1.33B | 1.31B | 1.29B | 1.34B | 1.42B | 1.41B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 488.81M | 505.51M | 541.86M | -64.60M | 584.80M | 944.40M | 719.30M | 673.40M |
| Depreciation & amortization | 196.33M | 209.12M | 224.46M | 236.00M | 250.90M | 256.80M | 270.10M | 283.80M |
| Free cash flow | 31.29M | -312.86M | -225.54M | -742.10M | -19.60M | 388.80M | -24.90M | -146.40M |
| Dividends paid | -106.59M | -124.65M | -135.44M | -145.00M | -156.70M | -168.10M | -182.30M | -197.90M |
| Stock buybacks / issuance | 300.83M | 101.36M | 99.28M | 119.00M | 90.10M | 118.30M | 181.40M | 219.20M |
| Ending cash balance | 24.15M | 13.66M | 10.74M | 13.80M | 27.00M | 93.00M | 23.40M | 190.40M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 227.80M | 188.60M | 88.90M | 168.10M | 176.20M | 195.10M |
| Depreciation & amortization | 69.20M | 69.80M | 71.50M | 73.30M | 74.80M | 75.30M |
| Free cash flow | 74.90M | -30.30M | -89.50M | -101.50M | -91.20M | -23.00M |
| Dividends paid | -48.60M | -49.00M | -49.20M | -51.10M | -53.10M | -53.50M |
| Stock buybacks / issuance | 45.60M | 19.40M | 154.20M | 0 | 40.70M | 9.40M |
| Ending cash balance | 14.10M | 15.80M | 29.10M | 190.40M | 31.40M | 79.50M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 13.29 | 8.77 | 9.25 | 8.85 | 8.94 | 8.44 | 8.13 | 7.96 |
| ROA %i | 3.79 | 2.75 | 2.91 | 2.75 | 2.76 | 2.73 | 2.78 | 2.79 |
| ROIC %i | 6.96 | 5.73 | 5.81 | 5.63 | 5.41 | 5.44 | 5.60 | 5.73 |
| 5-year avg ROE %i | 7.26 | 7.03 | 9.34 | 10.16 | 9.82 | 8.85 | 8.72 | 8.47 |
| EBIT margin %i | 22.66 | 22.03 | 24.79 | 21.17 | 17.97 | 20.66 | 24.21 | 23.83 |
| FCF / sales %i | 1.78 | -- | -- | -- | -- | 16.68 | -- | -- |
| Current ratioi | 0.78 | 0.58 | 0.71 | 0.90 | 0.64 | 0.70 | 0.97 | 1.35 |
| Quick ratioi | 0.47 | 0.35 | 0.42 | 0.39 | 0.33 | 0.38 | 0.51 | 0.80 |
| Debt / assetsi | 45.13 | 46.24 | 46.61 | 49.79 | 48.53 | 45.75 | 43.74 | 43.25 |
| LT debt / equityi | 135.26 | 132.94 | 137.74 | 148.07 | 120.45 | 118.22 | 121.38 | 122.95 |
| Interest coveragei | 2.81 | 2.74 | 2.90 | 2.68 | 2.82 | 2.68 | 2.64 | 2.66 |
| Revenue CAGR (3Y) %i | 11.62 | 4.08 | 0.33 | 3.57 | 13.73 | 11.17 | 2.97 | -3.26 |
| Net income CAGR (3Y) %i | -- | 39.79 | 8.74 | -2.89 | 9.04 | 4.83 | 4.88 | 4.11 |
| FCF CAGR (3Y) %i | -41.71 | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 8.02 | 8.13 | 7.89 | 7.96 | 7.61 | 7.89 |
| ROA %i | 2.83 | 2.80 | 2.84 | 2.79 | 2.76 | 2.83 |
| ROIC %i | 5.70 | 5.64 | 5.81 | 5.73 | 5.60 | 5.80 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 23.88 | 23.79 | 23.51 | 23.83 | 23.98 | 24.50 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.76 | 0.64 | 0.91 | 1.35 | 0.65 | 0.52 |
| Quick ratioi | 0.44 | 0.30 | 0.40 | 0.80 | 0.35 | 0.27 |
| Debt / assetsi | 42.85 | 43.36 | 42.39 | 43.25 | 43.02 | 40.71 |
| LT debt / equityi | 108.71 | 108.70 | 112.87 | 122.95 | 101.20 | 101.28 |
| Interest coveragei | 2.62 | 2.63 | 2.64 | 2.66 | 2.63 | 2.67 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Gas Utilities is the largest reported line at 50.91% of revenue, across 3 reported segments.
- Electric Utilities follows at 49.98%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Gas Utilities50.91%
Electric Utilities49.98%
Quote time 2026-10-08 03:13:37 · For reference only, not investment advice and not tailored to your situation.