Black Hills (BKH) EBITDA Margin (2009 - 2026)

Black Hills has disclosed EBITDA Margin across 18 years of filings, most recently posting 25.86% for Q1 2026.

• In Q1 2026, EBITDA Margin rose 40.0% year-over-year to 25.86%; the TTM figure through Mar 2026 stood at 23.39% (up 1982.0% YoY), while the FY2025 annual figure was 23.27%, up 2011.0% from the prior year.
• EBITDA Margin eased to 25.86% in Q1 2026, from 26.97% in the prior quarter.
• Over the last five years, EBITDA Margin for BKH reached as high as 26.97% in Q4 2025 and fell as low as 46.12% in Q4 2023.
• The 5-year median for EBITDA Margin is 18.79% (2025), against an average of 12.65%.
• Annual changes were most pronounced in 2023 — EBITDA Margin sank 6254 bps — and 2025, when it soared 7262 bps.
• A 5-year view of EBITDA Margin shows it stood at 16.42% in 2022, then sank by 381 bps to 46.12% in 2023, then climbed by 1 bps to 45.65% in 2024, then surged by 159 bps to 26.97% in 2025, then retreated by 4 bps to 25.86% in 2026.
• According to Business Quant data, EBITDA Margin over the past three periods registered 25.86%, 26.97%, and 18.29% for Q1 2026, Q4 2025, and Q3 2025 respectively.