KPIs & Operating Metrics(New)
Growth Metrics

Black Hills (BKH) Net Margin (2016 - 2026)

Black Hills has reported Net Margin over the past 17 years, most recently at 22.31% for Q4 2025.

  • For Q4 2025, Net Margin rose 193.0% year-over-year to 22.31%; the TTM value through Dec 2025 reached 14.41%, up 11.0%, while the annual FY2025 figure was 14.41%, 11.0% up from the prior year.
  • Net Margin for Q4 2025 was 22.31% at Black Hills, up from 6.02% in the prior quarter.
  • Over five years, Net Margin peaked at 22.31% in Q4 2025 and troughed at 6.02% in Q3 2025.
  • A 5-year average of 11.8% and a median of 11.79% in 2021 define the central range for Net Margin.
  • Biggest five-year swings in Net Margin: tumbled -988bps in 2021 and later soared 630bps in 2024.
  • Year by year, Net Margin stood at 14.5% in 2021, then plummeted by -34bps to 9.61% in 2022, then soared by 46bps to 14.08% in 2023, then surged by 45bps to 20.38% in 2024, then increased by 9bps to 22.31% in 2025.
  • Business Quant data shows Net Margin for BKH at 22.31% in Q4 2025, 6.02% in Q3 2025, and 6.56% in Q2 2025.