BKHNYSEElectric ServicesFiscal year ends December 31
BLACK HILLS CORP /SD/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$76.40−0.23 (-0.30%)
Close on Oct 19, 2026
- Market cap
- $5.81B
- P/E (TTM)
- 19.3
- Dividend yield
- 3.54%
Black Hills statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Electric Services companies for comparison
Valuation
| Measure | Black Hills | Industry median |
|---|---|---|
| Market Cap | $5.83B | $3.85B |
| Enterprise Value | $10.25B | $6.69B |
| PE Ratio | 19.29 | 20.58 |
| PS Ratio | 2.53 | 2.78 |
| PB Ratio | 1.48 | 1.94 |
| P/TBV Ratio | 2.21 | 2.17 |
| P/OCF Ratio | 9.27 | 9.72 |
Enterprise value
| Measure | Black Hills | Industry median |
|---|---|---|
| EV / Sales | 4.46 | 4.40 |
| EV / EBITDA | 12.14 | 13.54 |
| EV / EBIT | 18.67 | 21.33 |
Income (trailing twelve months)
| Measure | Black Hills | Industry median |
|---|---|---|
| Revenue | $2.30B | $1.96B |
| Operating Income | $549.00M | $356.99M |
| Pretax Income | $352.10M | $257.00M |
| Net Income | $299.10M | $132.10M |
| EBITDA | $843.90M | $626.69M |
| EPS (Diluted) | $3.96 | $1.96 |
Margins
| Measure | Black Hills | Industry median |
|---|---|---|
| Operating Margin | 23.9% | 19.0% |
| Pretax Margin | 15.3% | 13.7% |
| Profit Margin | 13.0% | 10.9% |
| EBITDA Margin | 36.7% | 33.2% |
| FCF Margin | -13.3% | -7.48% |
Returns
| Measure | Black Hills | Industry median |
|---|---|---|
| Return on Equity (ROE) | 7.89% | 8.92% |
| Return on Assets (ROA) | 2.83% | 2.64% |
| Return on Invested Capital (ROIC) | 5.87% | 5.67% |
| Return on Capital Employed (ROCE) | 5.71% | 4.66% |
Growth
| Measure | Black Hills | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 2.51% | 8.31% |
| Net Income Growth (YoY) | 5.21% | 7.61% |
| EPS Growth (YoY) | -0.25% | 6.88% |
| Revenue Growth (3Y CAGR) | -3.26% | 3.90% |
| Revenue Growth (5Y CAGR) | 6.36% | 7.73% |
| EPS Growth (3Y CAGR) | 0.08% | 6.33% |
| EPS Growth (5Y CAGR) | 1.75% | 6.12% |
Balance sheet
| Measure | Black Hills | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $71.50M | $70.00M |
| Total Debt | $4.49B | $3.59B |
| Net Cash (Debt) | -$4.42B | -$1.91B |
| Net Cash Per Share | -$58.00 | -$20.23 |
| Equity (Book Value) | $3.94B | $1.73B |
| Book Value Per Share | $51.71 | $16.33 |
| Tangible Book Value | $2.64B | $1.17B |
| Working Capital | -$680.10M | -$8.30M |
Financial position
| Measure | Black Hills | Industry median |
|---|---|---|
| Current Ratio | 0.52 | 0.93 |
| Quick Ratio | 0.25 | 0.38 |
| Debt / Equity | 1.14 | 1.21 |
| Debt / EBITDA | 5.33 | 5.16 |
| Net Debt / EBITDA | 5.24 | 4.92 |
| Interest Coverage | 2.70 | 2.43 |
Cash flow (trailing twelve months)
| Measure | Black Hills | Industry median |
|---|---|---|
| Operating Cash Flow | $628.30M | $490.44M |
| Capital Expenditures | -$933.50M | -$731.05M |
| Free Cash Flow | -$305.20M | -$28.09M |
| FCF Per Share | -$4.00 | -$0.72 |
Efficiency
| Measure | Black Hills | Industry median |
|---|---|---|
| Asset Turnover | 0.22 | 0.23 |
| Revenue Per Employee | $780.98K | $1.09M |
| Profits Per Employee | $101.60K | $108.08K |
| Employee Count | 2,944 | 1,512 |
Dividends and yields
| Measure | Black Hills | Industry median |
|---|---|---|
| Earnings Yield | 5.13% | 4.07% |
| FCF Yield | -5.24% | -3.88% |
| Dividend Yield | 3.54% | 2.92% |
| Buyback Yield | -3.51% | -1.11% |
| Shareholder Yield | 0.03% | 1.61% |
| Dividend Per Share | $2.70 | $1.98 |
| Dividend Growth (YoY) | 4.00% | 5.10% |
| Years of Dividend Growth | 11 | 10 |
| Payout Ratio | 69.2% | 57.9% |
Shares
| Measure | Black Hills | Industry median |
|---|---|---|
| Shares Outstanding | 76,253,100 | 123,005,500 |
| Shares Change (YoY) | 4.78% | 2.12% |
| Float | 75,817,800 | 112,991,500 |
| Shares Held by Insiders | 0.57% | 1.67% |
| Shares Held by Institutions | 103.0% | 81.0% |
Taxes
| Measure | Black Hills | Industry median |
|---|---|---|
| Income Tax | $44.00M | $40.00M |
| Effective Tax Rate | 12.5% | 16.2% |
Scores
| Measure | Black Hills | Industry median |
|---|---|---|
| Graham Number | $67.88 | $46.35 |
| Graham Upside | -11.2% | -25.2% |
| Altman Z-Score | 0.98 | 1.03 |
| Piotroski F-Score | 6 | 5 |
Calculated by StockData from Black Hills's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.