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

Black Hills has disclosed Net Margin across 18 years of filings, most recently posting 17.05% for Q1 2026.

• In Q1 2026, Net Margin rose 11.0% year-over-year to 17.05%; the TTM figure through Mar 2026 stood at 14.42% (up 134.0% YoY), while the FY2025 annual figure was 14.41%, up 108.0% from the prior year.
• Net Margin retreated to 17.05% in Q1 2026, from 22.31% in the prior quarter.
• Over the last five years, Net Margin for BKH reached as high as 22.31% in Q4 2025 and fell as low as 6.02% in Q3 2025.
• The 5-year median for Net Margin is 11.99% (2023), against an average of 11.81%.
• Annual changes were most pronounced in 2024 — Net Margin sank 541 bps — and 2025, when it surged 538 bps.
• A 5-year view of Net Margin shows it stood at 9.61% in 2022, then surged by 46 bps to 14.08% in 2023, then advanced by 20 bps to 16.93% in 2024, then jumped by 32 bps to 22.31% in 2025, then slipped by 24 bps to 17.05% in 2026.
• According to Business Quant data, Net Margin over the past three periods registered 17.05%, 22.31%, and 6.02% for Q1 2026, Q4 2025, and Q3 2025 respectively.