KPIs & Operating Metrics(New)
Growth Metrics

Black Hills (BKH) Net Margin (2016 - 2025)

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

  • Quarterly results put Net Margin at 22.31% for Q4 2025, up 193.0% from a year ago — trailing twelve months through Dec 2025 was 14.41% (up 11.0% YoY), and the annual figure for FY2025 was 14.41%, up 11.0%.
  • Net Margin for Q4 2025 was 22.31% at Black Hills, up from 6.02% in the prior quarter.
  • Over the last five years, Net Margin for BKH hit a ceiling of 22.31% in Q4 2025 and a floor of 6.02% in Q3 2025.
  • Median Net Margin over the past 5 years was 11.79% (2021), compared with a mean of 11.8%.
  • Biggest five-year swings in Net Margin: plummeted -988bps in 2021 and later surged 630bps in 2024.
  • Black Hills' Net Margin stood at 14.5% in 2021, then crashed by -34bps to 9.61% in 2022, then surged by 46bps to 14.08% in 2023, then skyrocketed by 45bps to 20.38% in 2024, then grew by 9bps to 22.31% in 2025.
  • The last three reported values for Net Margin were 22.31% (Q4 2025), 6.02% (Q3 2025), and 6.56% (Q2 2025) per Business Quant data.