Black Hills (BKH) Net Margin (2009 - 2026)
Black Hills' (BKH) quarterly Net Margin came in at 8.92% in Q2 2026, up 236.0% year-over-year from 2.66% in Q2 2025, and down 47.67% quarter-over-quarter from 17.05% in Q1 2026.
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Black Hills (BKH) Net Margin (2009 - 2026) Analysis & Trends
Black Hills (BKH) has reported Net Margin for 18 consecutive years, with 8.92% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 236.0% year-over-year to 8.92% in Q2 2026; TTM through Jun 2026 was 12.17%, a 49.0% increase from a year earlier, with the FY2025 full-year figure at 11.75%, down 13.0% from the prior year.
- Net Margin was 8.92% for Q2 2026 at Black Hills, down from 17.05% in the prior quarter.
- Over five years, Net Margin peaked at 18.12% in Q1 2024 and troughed at 6.02% in Q3 2025.
- A 5-year average of 10.47% and a median of 9.27% in 2022 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 537 bps in 2024, down 541 bps in 2024.
- Over 5 years, Net Margin stood at 9.62% in 2022, then dropped by 20 bps to 7.71% in 2023, then jumped by 53 bps to 11.76% in 2024, then grew by 7 bps to 12.64% in 2025, then dropped by 29 bps to 8.92% in 2026.
- The last three Net Margin figures came in at 8.92% (Q2 2026), 17.05% (Q1 2026), and 12.64% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 309.52 Bn | 309.52 Bn | 890.00 Mn | 11.99% |
| 2 | Dominion Energy | 57.57 Bn | 56.79 Bn | 3.50 Bn | 7.37% |
| 3 | Xcel Energy | 47.48 Bn | 45.47 Bn | 3.12 Bn | 18.79% |
| 4 | Wec Energy | 34.59 Bn | 34.54 Bn | 1.45 Bn | 14.51% |
| 5 | Ameren | 29.36 Bn | 29.35 Bn | - | 15.01% |
| 6 | Firstenergy | 26.73 Bn | 26.54 Bn | 2.51 Bn | 9.57% |
| 7 | Hydro One | 22.94 Bn | 22.55 Bn | - | 11.62% |
| 8 | Edison International | 22.31 Bn | 22.07 Bn | 3.29 Bn | 12.26% |
| 9 | Cms Energy | 21.18 Bn | 20.94 Bn | 3.65 Bn | 9.98% |
| 10 | Black Hills | 5.53 Bn | 5.45 Bn | - | 8.92% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.92% |
| Mar 31, 2026 | 17.05% |
| Dec 31, 2025 | 12.64% |
| Sep 30, 2025 | 6.02% |
| Jun 30, 2025 | 6.56% |
| Mar 31, 2025 | 16.94% |
| Dec 31, 2024 | 11.76% |
| Sep 30, 2024 | 6.57% |
| Jun 30, 2024 | 6.14% |
| Mar 31, 2024 | 18.12% |
| Dec 31, 2023 | 7.71% |
| Sep 30, 2023 | 11.99% |
| Jun 30, 2023 | 6.47% |
| Mar 31, 2023 | 12.74% |
| Dec 31, 2022 | 9.62% |
| Sep 30, 2022 | 7.56% |
| Jun 30, 2022 | 7.05% |
| Mar 31, 2022 | 14.69% |
| Dec 31, 2021 | 13.20% |
| Sep 30, 2021 | 11.59% |