KPIs & Operating Metrics(New)
Growth Metrics

Black Hills (BKH) EBT Margin (2016 - 2025)

Black Hills has reported EBT Margin over the past 17 years, most recently at 19.81% for Q4 2025.

  • Quarterly results put EBT Margin at 19.81% for Q4 2025, up 75.0% from a year ago — trailing twelve months through Dec 2025 was 14.87% (down 17.0% YoY), and the annual figure for FY2025 was 14.87%, down 17.0%.
  • EBT Margin for Q4 2025 was 19.81% at Black Hills, up from 6.95% in the prior quarter.
  • Over the last five years, EBT Margin for BKH hit a ceiling of 20.44% in Q1 2024 and a floor of 4.98% in Q2 2023.
  • Median EBT Margin over the past 5 years was 13.58% (2021), compared with a mean of 12.53%.
  • Peak annual rise in EBT Margin hit 610bps in 2024, while the deepest fall reached -651bps in 2024.
  • Black Hills' EBT Margin stood at 13.36% in 2021, then decreased by -19bps to 10.79% in 2022, then surged by 46bps to 15.7% in 2023, then rose by 21bps to 19.06% in 2024, then rose by 4bps to 19.81% in 2025.
  • The last three reported values for EBT Margin were 19.81% (Q4 2025), 6.95% (Q3 2025), and 7.56% (Q2 2025) per Business Quant data.