Black Hills (BKH) Gross Margin (2009 - 2020)

Black Hills (BKH) recorded quarterly Gross Margin of 64.58% in Q3 2020, up 0.61% quarter-over-quarter from 64.19% in Q3 2019, and up 39.0% on a YoY basis from 46.46% in Q4 2019.

Black Hills (BKH) Gross Margin (2009 - 2020) Analysis & Trends

Black Hills' Gross Margin history runs 12 years deep, the most recent figure standing at 64.58% for Q3 2020.

  • In Q3 2020, Gross Margin rose 39.0% year-over-year to 64.58%; the TTM figure through Sep 2020 stood at 80.78% (down 1256.0% YoY), while the FY2018 annual figure was 99.9%, up 24.0% from the prior year.
  • Gross Margin was 64.58% for Q3 2020 at Black Hills, up from 64.19% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 100.04% in Q4 2017 to a low of 64.19% in Q3 2019.
  • Historically, Gross Margin has averaged 94.57% across 5 years, with a median of 99.58% in 2017.
  • The sharpest annual moves came in 2017 and 2019: Gross Margin surged 545 bps in 2017, then slumped 3574 bps in 2019.
  • A 5-year view of Gross Margin shows it stood at 96.8% in 2016, then climbed by 3 bps to 100.04% in 2017, then retreated by 0 bps to 100.03% in 2018, then sank by 36 bps to 64.19% in 2019, then increased by 1 bps to 64.58% in 2020.
  • The last three Gross Margin figures came in at 64.58% (Q3 2020), 64.19% (Q3 2019), and 99.88% (Q2 2019), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Atmos Energy 28.34 Bn 28.21 Bn - -
2 Nisource 22.33 Bn 24.52 Bn 1.83 Bn 78.93%
3 Ugi 7.49 Bn 6.94 Bn 1.50 Bn 55.79%
4 New Jersey Resources 5.59 Bn 5.45 Bn 826.91 Mn 88.02%
5 Black Hills 5.49 Bn 5.46 Bn - -
6 ONE Gas 4.93 Bn 4.91 Bn 438.14 Mn 52.68%
7 Mdu Resources 4.39 Bn 4.33 Bn - -
8 Centuri Holdings 3.01 Bn 2.95 Bn 35.76 Mn 4.94%
9 Chesapeake Utilities 2.96 Bn 2.96 Bn 102.40 Mn 41.08%
10 Brookfield Infrastructure 426.14 Mn 3.22 Bn 539.00 Mn 60.97%

Historic Data

Download Data
DateValue
Sep 30, 2020 64.58%
Sep 30, 2019 64.19%
Jun 30, 2019 99.88%
Mar 31, 2019 99.93%
Dec 31, 2018 100.03%
Sep 30, 2018 99.93%
Jun 30, 2018 99.85%
Mar 31, 2018 99.74%
Dec 31, 2017 100.04%
Sep 30, 2017 99.70%
Jun 30, 2017 99.39%
Mar 31, 2017 99.47%
Dec 31, 2016 96.80%
Sep 30, 2016 97.92%
Jun 30, 2016 97.62%
Mar 31, 2016 94.01%
Dec 31, 2015 96.79%
Sep 30, 2015 99.13%
Jun 30, 2015 99.65%
Mar 31, 2015 99.99%