Black Hills (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 (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
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - | - |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - | 59.02% |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn | 16.83% |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn | 14.19% |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn | 11.05% |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - | 7.59% |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - | 4.04% |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn | 26.56% |
| 10 | Black Hills | 6.52 Bn | 6.22 Bn | - | 8.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.80% |
| 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% |
API Access
Black Hills 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();