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Black Hills Corporation

Data quality: 100%
BKH
NYSE Utilities Diversified Utilities
$68.85
▲ $0.30 (0.44%)
Mkt Cap: 5.20B
Day Range
$68.42 $69.48
52-Week Range
$54.92 $75.87
Volume
500,357
50D / 200D Avg
$72.59 / $65.05
Prev Close
$68.55

Quick Summary

Price History

Financial Trends

Peer Comparison

vs Utilities sector median (208 peers)

Metric Stock Sector Median
P/E 17.8 13.3
P/B 1.4 1.4
ROE % 8.0 9.3
Net Margin % 12.6 10.5
Rev Growth 5Y % 4.3 6.1
D/E 1.2 1.4

Analyst Price Target

Hold
$82.50 +19.8%
Low: $81.00 High: $84.00
Forward P/E
15.82
Forward EPS
$4.35
EPS Growth (est.)
+0.0%
Est. Revenue
2.40B

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2030 $5.51
$5.18 – $5.84
2.60B 1
FY2029 $5.20
$4.89 – $5.51
2.51B 1
FY2028 $4.91
$4.62 – $5.21
2.42B 1

Earnings Surprises

Last 8 quarters
Quarter Est. EPS Actual EPS Surprise
2026-02-04 $1.39 $1.41 +1.4%
2025-11-05 $0.45 $0.45 0.0%
2025-07-30 $0.38 $0.38 0.0%
2025-05-07 $1.92 $1.87 -2.6%
2025-02-05 $1.20 $1.37 +14.2%
2024-11-06 $0.48 $0.35 -27.1%
2024-07-31 $0.29 $0.33 +13.8%
2024-05-08 $1.70 $1.87 +10.0%

Dividend History

7 yr streak

Yield

0.04%

Payout Ratio

0.68%

Growth (3Y)

3.91%

Growth (5Y)

4.50%

Ex-Date Payment Date Amount Yield
Feb 17, 2026 Mar 01, 2026 $0.70 3.71%
Nov 17, 2025 Dec 01, 2025 $0.68 3.89%
Aug 18, 2025 Sep 02, 2025 $0.68 4.44%
May 16, 2025 Jun 01, 2025 $0.68 4.53%
Feb 18, 2025 Mar 01, 2025 $0.68 4.44%
Nov 18, 2024 Dec 01, 2024 $0.65 4.13%
Aug 19, 2024 Sep 01, 2024 $0.65 4.48%
May 16, 2024 Jun 01, 2024 $0.65 4.48%
Feb 15, 2024 Mar 01, 2024 $0.65 4.82%
Nov 16, 2023 Dec 01, 2023 $0.63 4.89%
Aug 17, 2023 Sep 01, 2023 $0.63 4.50%
May 17, 2023 Jun 01, 2023 $0.63 3.90%
Feb 13, 2023 Mar 01, 2023 $0.63 3.83%
Nov 16, 2022 Dec 01, 2022 $0.63 3.60%
Aug 17, 2022 Sep 01, 2022 $0.60 3.02%
May 17, 2022 Jun 01, 2022 $0.60 3.10%
Feb 11, 2022 Mar 01, 2022 $0.60 3.48%
Nov 16, 2021 Dec 01, 2021 $0.60 3.55%
Aug 17, 2021 Sep 01, 2021 $0.57 3.12%
May 17, 2021 Jun 01, 2021 $0.57 3.38%

Key Takeaways

Revenue grew 4.34% annually over 5 years — modest growth
Negative free cash flow of -146.40M
Revenue growth is accelerating — 1Y growth exceeds 5Y average by 4.23%
Capital intensive — 35.49% of revenue goes to capex
ROIC of 4.73% — low return on invested capital

Growth

Revenue Growth (5Y)
4.34%
Revenue (1Y)8.57%
Earnings (1Y)6.77%
FCF Growth (3Y)N/A

Quality

Return on Equity
7.96%
ROIC4.73%
Net Margin12.62%
Op. Margin23.27%

Safety

Debt / Equity
1.23
Current Ratio1.35
Interest Coverage2.60

Valuation

P/E Ratio
17.82
Forward P/E15.67
P/B Ratio1.36
EV/EBITDA18.07
Dividend Yield0.04%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 8.57% Revenue Growth (3Y) -0.46%
Earnings Growth (1Y) 6.77% Earnings Growth (3Y) 5.46%
Revenue Growth (5Y) 4.34% Earnings Growth (5Y) 5.35%
Profitability
Revenue (TTM) 2.31B Net Income (TTM) 291.60M
ROE 7.96% ROA 2.68%
Gross Margin 38.47% Operating Margin 23.27%
Net Margin 12.62% Free Cash Flow (TTM) -146.40M
ROIC 4.73% FCF Growth (3Y) N/A
Safety
Debt / Equity 1.23 Current Ratio 1.35
Interest Coverage 2.60
Dividends
Dividend Yield 0.04% Payout Ratio 0.68%
Dividend Growth (3Y) 3.91% Dividend Growth (5Y) 4.50%
Consecutive Div Years 7 yrs
Valuation
P/E Ratio 17.82 Forward P/E 15.67
P/B Ratio 1.36 P/S Ratio 2.25
PEG Ratio 8.49 Forward PEG N/A
EV/EBITDA 18.07 Fwd EV/EBITDA 12.23
Forward P/S 2.16 Fwd Earnings Yield 6.38%
FCF Yield -2.82%
Market Cap 5.20B Enterprise Value 9.71B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 2.31B 2.13B 2.33B 2.55B 1.95B
Net Income 291.60M 273.10M 262.20M 258.40M 236.70M
EPS (Diluted) 3.98 3.91 3.91 3.97 3.74
Gross Profit 888.70M 840.40M 796.40M 772.80M 705.50M
Operating Income 537.50M 503.10M 472.70M 455.20M 409.40M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 10.87B 10.02B 9.62B 9.62B 9.13B
Total Liabilities 6.96B 6.44B 6.31B 6.53B 6.24B
Shareholders' Equity 3.82B 3.50B 3.22B 2.99B 2.79B
Total Debt 4.70B 4.38B 4.40B 4.67B 4.55B
Cash & Equivalents 182.80M 16.10M 86.60M 21.40M 8.92M
Current Assets 995.90M 742.30M 826.60M 1.07B 808.13M
Current Liabilities 740.00M 763.40M 1.19B 1.67B 901.71M