Black Hills Corp (BKH) stock
BKHNYSEElectric ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 9/309% above fair value
$87.53+0.57 (+0.66%)
Close on Nov 12, 2026Market cap $6.67BP/E 21.0Yield 3.09%
Black Hills profit margin
Profit margin (net margin) is net income as a percentage of revenue.
Black Hills's profit margin for the twelve months ending Sep 30, 2026 was 13.5%. For fiscal 2025 it was 12.6%, against 12.8% the year before. The highest annual figure on record is 14.7% in fiscal 2018.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 12.6% | −0.2 |
| FY2024 | Dec 31, 2024 | 12.8% | +1.6 |
| FY2023 | Dec 31, 2023 | 11.2% | +1.1 |
| FY2022 | Dec 31, 2022 | 10.1% | −2.0 |
| FY2021 | Dec 31, 2021 | 12.1% | −1.3 |
| FY2020 | Dec 31, 2020 | 13.4% | +1.9 |
| FY2019 | Dec 31, 2019 | 11.5% | −3.2 |
| FY2018 | Dec 31, 2018 | 14.7% | +4.2 |
| FY2017 | Dec 31, 2017 | 10.5% | +5.8 |
| FY2016 | Dec 31, 2016 | 4.7% | +7.3 |
| FY2015 | Dec 31, 2015 | -2.5% | −11.6 |
| FY2013 | Dec 31, 2013 | 9.0% | +2.1 |
| FY2012 | Dec 31, 2012 | 6.9% | +3.0 |
| FY2011 | Dec 31, 2011 | 3.9% | −1.7 |
| FY2010 | Dec 31, 2010 | 5.6% | −1.2 |
| FY2009 | Dec 31, 2009 | 6.8% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 8.8% | +3.0 |
| Q2 FY2026 | Jun 30, 2026 | 8.4% | +2.2 |
| Q1 FY2026 | Mar 31, 2026 | 16.8% | +0.1 |
| Q4 FY2025 | Dec 31, 2025 | 16.5% | +0.1 |
| Q3 FY2025 | Sep 30, 2025 | 5.8% | −0.3 |
| Q2 FY2025 | Jun 30, 2025 | 6.3% | +0.6 |
| Q1 FY2025 | Mar 31, 2025 | 16.7% | −0.9 |
| Q4 FY2024 | Dec 31, 2024 | 16.4% | +3.0 |
| Q3 FY2024 | Sep 30, 2024 | 6.1% | −5.1 |
| Q2 FY2024 | Jun 30, 2024 | 5.7% | +0.0 |
| Q1 FY2024 | Mar 31, 2024 | 17.6% | +5.2 |
| Q4 FY2023 | Dec 31, 2023 | 13.5% | +4.3 |
| Q3 FY2023 | Sep 30, 2023 | 11.2% | +3.6 |
| Q2 FY2023 | Jun 30, 2023 | 5.6% | −1.4 |
| Q1 FY2023 | Mar 31, 2023 | 12.4% | −1.9 |
| Q4 FY2022 | Dec 31, 2022 | 9.2% | −3.5 |
| Q3 FY2022 | Sep 30, 2022 | 7.6% | −4.0 |
| Q2 FY2022 | Jun 30, 2022 | 7.0% | +0.3 |
| Q1 FY2022 | Mar 31, 2022 | 14.3% | −0.9 |
| Q4 FY2021 | Dec 31, 2021 | 12.6% | −3.2 |
| Q3 FY2021 | Sep 30, 2021 | 11.6% | +1.1 |
| Q2 FY2021 | Jun 30, 2021 | 6.8% | +0.3 |
| Q1 FY2021 | Mar 31, 2021 | 15.2% | −2.1 |
| Q4 FY2020 | Dec 31, 2020 | 15.9% | +1.4 |
| Q3 FY2020 | Sep 30, 2020 | 10.5% | +6.9 |
| Q2 FY2020 | Jun 30, 2020 | 6.4% | +2.0 |
| Q1 FY2020 | Mar 31, 2020 | 17.3% | −0.0 |
| Q4 FY2019 | Dec 31, 2019 | 14.5% | −2.8 |
| Q3 FY2019 | Sep 30, 2019 | 3.6% | −1.7 |
| Q2 FY2019 | Jun 30, 2019 | 4.4% | −1.8 |
| Q1 FY2019 | Mar 31, 2019 | 17.4% | −5.8 |
| Q4 FY2018 | Dec 31, 2018 | 17.3% | – |
| Q3 FY2018 | Sep 30, 2018 | 5.3% | – |
| Q2 FY2018 | Jun 30, 2018 | 6.2% | – |
| Q1 FY2018 | Mar 31, 2018 | 23.1% | – |
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