Black Hills (BKH) FCF Margin (2009 - 2026)
Black Hills (BKH) posted quarterly FCF Margin of 11.68% for Q1 2026, down 2919.0% year-over-year from 0.41% in Q1 2025, and up 26.86% quarter-over-quarter from 15.97% in Q4 2025.
Black Hills (BKH) FCF Margin (2009 - 2026) Analysis & Trends
Black Hills (BKH) has reported FCF Margin for 18 consecutive years, with 11.68% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 2919.0% year-over-year to 11.68%; the TTM figure through Mar 2026 stood at 16.57% (down 4305.0% YoY), while the FY2025 annual figure was 6.34%, down 3637.0% from the prior year.
- FCF Margin rose to 11.68% in Q1 2026 per BKH's latest filing, from 15.97% in the prior quarter.
- Across five years, FCF Margin topped out at 94.27% in Q4 2023 and bottomed at 88.98% in Q3 2025.
- Historically, FCF Margin has averaged 13.82% across 5 years, with a median of 22.94% in 2024.
- Annual changes were most pronounced in 2023 — FCF Margin surged 15381 bps — and 2025, when it slumped 11665 bps.
- Black Hills' FCF Margin stood at 59.54% in 2022, then soared by 258 bps to 94.27% in 2023, then slumped by 76 bps to 22.94% in 2024, then plunged by 170 bps to 15.97% in 2025, then climbed by 27 bps to 11.68% in 2026.
- Business Quant data shows BKH's FCF Margin at 11.68% in Q1 2026, 15.97% in Q4 2025, and 88.98% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.11 Bn | 28.59 Bn | - | -45.44% |
| 2 | Nisource | 20.23 Bn | 20.16 Bn | 867.50 Mn | -31.06% |
| 3 | Ugi | 8.24 Bn | 7.77 Bn | 573.00 Mn | 1.20% |
| 4 | Black Hills | 5.62 Bn | 5.54 Bn | - | -5.08% |
| 5 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | -8.69% |
| 6 | ONE Gas | 5.18 Bn | 5.15 Bn | 272.01 Mn | 9.11% |
| 7 | Mdu Resources | 4.32 Bn | 4.27 Bn | - | 3.96% |
| 8 | Chesapeake Utilities | 3.32 Bn | 3.30 Bn | 150.20 Mn | -14.56% |
| 9 | Brookfield Infrastructure | 2.20 Bn | 1.44 Bn | 572.00 Mn | 13.40% |
| 10 | Centuri Holdings | 2.20 Bn | 2.16 Bn | 69.14 Mn | -0.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -5.08% |
| Mar 31, 2026 | -11.68% |
| Dec 31, 2025 | -15.97% |
| Sep 30, 2025 | -88.98% |
| Jun 30, 2025 | 44.85% |
| Mar 31, 2025 | 17.51% |
| Dec 31, 2024 | 22.94% |
| Sep 30, 2024 | 27.66% |
| Jun 30, 2024 | 48.51% |
| Mar 31, 2024 | 26.94% |
| Dec 31, 2023 | 94.27% |
| Sep 30, 2023 | -2.26% |
| Jun 30, 2023 | 32.53% |
| Mar 31, 2023 | 22.75% |
| Dec 31, 2022 | -59.54% |
| Sep 30, 2022 | 12.71% |
| Jun 30, 2022 | 35.48% |
| Mar 31, 2022 | 27.27% |
| Dec 31, 2021 | 11.91% |
| Sep 30, 2021 | 27.39% |