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

Black Hills has disclosed FCF Margin across 18 years of filings, most recently posting 11.34% for Q1 2026.

• In Q1 2026, FCF Margin fell 618.0% year-over-year to 11.34%; the TTM figure through Mar 2026 stood at 8.7% (down 1137.0% YoY), while the FY2025 annual figure was 6.34%, down 517.0% from the prior year.
• FCF Margin advanced to 11.34% in Q1 2026, from 83.4% in the prior quarter.
• Over the last five years, FCF Margin for BKH reached as high as 94.75% in Q3 2024 and fell as low as 88.26% in Q4 2024.
• The 5-year median for FCF Margin is 13.81% (2023), against an average of 12.05%.
• Annual changes were most pronounced in 2022 — FCF Margin soared 10564 bps — and 2025, when it tumbled 8412 bps.
• A 5-year view of FCF Margin shows it stood at 9.34% in 2022, then sank by 669 bps to 53.1% in 2023, then tumbled by 66 bps to 88.26% in 2024, then rose by 6 bps to 83.4% in 2025, then surged by 114 bps to 11.34% in 2026.
• According to Business Quant data, FCF Margin over the past three periods registered 11.34%, 83.4%, and 10.62% for Q1 2026, Q4 2025, and Q3 2025 respectively.