Black Hills (BKH) FCF Margin (2009 - 2026)
Black Hills (BKH) recorded quarterly FCF Margin of 11.34% in Q1 2026, up 113.59% quarter-over-quarter from 83.4% in Q4 2025, and down 618.0% on a YoY basis from 2.19% in Q1 2025.
Black Hills (BKH) FCF Margin (2009 - 2026) Analysis & Trends
Black Hills' FCF Margin history runs 18 years deep, the most recent figure standing at 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 was 11.34% for Q1 2026 at Black Hills, up from 83.4% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 94.75% in Q3 2024 to a low of 88.26% in Q4 2024.
- Historically, FCF Margin has averaged 12.05% across 5 years, with a median of 13.81% in 2023.
- The sharpest annual moves came in 2022 and 2025: FCF Margin jumped 10564 bps in 2022, then slumped 8412 bps in 2025.
- 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 advanced by 6 bps to 83.4% in 2025, then jumped by 114 bps to 11.34% in 2026.
- The last three FCF Margin figures came in at 11.34% (Q1 2026), 83.4% (Q4 2025), and 10.62% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | -14.27% |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | -15.63% |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 18.40% |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 60.95% |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 11.34% |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 2.38% |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 18.77% |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | -7.64% |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | -9.59% |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | 22.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.34% |
| Dec 31, 2025 | -83.40% |
| Sep 30, 2025 | 10.62% |
| Jun 30, 2025 | 44.85% |
| Mar 31, 2025 | 17.51% |
| Dec 31, 2024 | -88.26% |
| Sep 30, 2024 | 94.75% |
| Jun 30, 2024 | 16.00% |
| Mar 31, 2024 | 7.87% |
| Dec 31, 2023 | -53.10% |
| Sep 30, 2023 | 88.33% |
| Jun 30, 2023 | 13.81% |
| Mar 31, 2023 | 31.11% |
| Dec 31, 2022 | 9.34% |
| Sep 30, 2022 | 12.71% |
| Jun 30, 2022 | 55.98% |
| Mar 31, 2022 | 15.46% |
| Dec 31, 2021 | -96.30% |
| Sep 30, 2021 | 27.39% |
| Jun 30, 2021 | 35.80% |