Black Hills (BKH) EBITDA Margin (2009 - 2026)
Black Hills' EBITDA Margin was 38.05% in Q2 2026, up 3.36 percentage points from 34.69% a year earlier and up 2.61 percentage points from the prior quarter.
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Analysis
Black Hills (BKH) EBITDA Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Black Hills' EBITDA Margin was 36.70% through Jun 30, 2026, up 0.89 percentage points year-over-year; for FY2025, it came in at 35.55%, down 0.79 percentage points from FY2024.
- EBITDA Margin shows a five-year change of -2.91 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 36.34% in FY2024 (+5.05 pp), 31.29% in FY2023 (+3.62 pp), 27.67% in FY2022 (-5.44 pp) and 33.11% in FY2021 (-5.35 pp).
- Quarterly EBITDA Margin has moved between 24.29% (Q4 2022) and 39.97% (Q3 2023) over five years.
- Compared with a year earlier, EBITDA Margin was higher in four of the last eight quarters, with an average year-over-year change of +0.38 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was Q1 2024 (a gain of 10.01 percentage points); the worst was Q3 2022 (a drop of 8.14 percentage points).
- Per Business Quant data, BKH's EBITDA Margin in the three quarters before Q2 2026 was 35.44% (Q1 2026), 38.51% (Q4 2025) and 34.91% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - | - |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - | 52.86% |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn | 48.33% |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn | 50.94% |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn | 41.53% |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - | 22.66% |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - | 49.53% |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn | 37.87% |
| 10 | Black Hills | 6.52 Bn | 6.22 Bn | - | 37.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 37.82% |
| Jun 30, 2026 | 38.60% |
| Mar 31, 2026 | 35.76% |
| Dec 31, 2025 | 38.90% |
| Sep 30, 2025 | 35.59% |
| Jun 30, 2025 | 35.13% |
| Mar 31, 2025 | 34.35% |
| Dec 31, 2024 | 39.21% |
| Sep 30, 2024 | 36.80% |
| Jun 30, 2024 | 34.77% |
| Mar 31, 2024 | 36.05% |
| Dec 31, 2023 | 34.70% |
| Sep 30, 2023 | 40.46% |
| Jun 30, 2023 | 31.78% |
| Mar 31, 2023 | 25.93% |
| Dec 31, 2022 | 24.59% |
| Sep 30, 2022 | 31.55% |
| Jun 30, 2022 | 29.31% |
| Mar 31, 2022 | 28.69% |
| Dec 31, 2021 | 31.68% |
API Access
Black Hills EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BKH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "BKH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BKH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();