Black Hills Corp /Sd/ (BKH) Net Margin (2009 - 2026)
Black Hills' Net Margin was 8.44% in Q2 2026, up 2.17 percentage points from 6.26% a year earlier but down 8.34 percentage points from the prior quarter.
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Analysis
Black Hills Corp /Sd/ (BKH) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Black Hills' Net Margin was 13.01% through Jun 30, 2026, up 0.33 percentage points year-over-year; for FY2025, it came in at 12.62%, down 0.21 percentage points from FY2024.
- Net Margin shows a five-year change of -0.79 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 12.84% in FY2024 (+1.59 pp), 11.25% in FY2023 (+1.12 pp), 10.13% in FY2022 (-2.02 pp) and 12.14% in FY2021 (-1.27 pp).
- Quarterly Net Margin has moved between 5.62% (Q2 2023) and 17.61% (Q1 2024) over five years.
- Compared with a year earlier, Net Margin has increased for three straight quarters, with an average year-over-year change of -0.05 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q1 2024 (a gain of 5.22 percentage points); the worst was Q3 2024 (a drop of 5.08 percentage points).
- Per Business Quant data, BKH's Net Margin in the three quarters before Q2 2026 was 16.78% (Q1 2026), 16.52% (Q4 2025) and 5.79% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.44% |
| Mar 31, 2026 | 16.78% |
| Dec 31, 2025 | 16.52% |
| Sep 30, 2025 | 5.79% |
| Jun 30, 2025 | 6.26% |
| Mar 31, 2025 | 16.68% |
| Dec 31, 2024 | 16.43% |
| Sep 30, 2024 | 6.08% |
| Jun 30, 2024 | 5.66% |
| Mar 31, 2024 | 17.61% |
| Dec 31, 2023 | 13.47% |
| Sep 30, 2023 | 11.15% |
| Jun 30, 2023 | 5.62% |
| Mar 31, 2023 | 12.39% |
| Dec 31, 2022 | 9.16% |
| Sep 30, 2022 | 7.56% |
| Jun 30, 2022 | 7.05% |
| Mar 31, 2022 | 14.27% |
| Dec 31, 2021 | 12.64% |
| Sep 30, 2021 | 11.59% |
API Access
Black Hills Corp /Sd/ Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=BKH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "BKH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=BKH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();