Black Hills Corp /Sd/ (BKH) Operating Margin (2009 - 2026)
Black Hills (BKH) reported Operating Margin of 21.42% for Q2 2026, up 2.63 percentage points from 18.79% a year earlier but down 4.44 percentage points from the prior quarter.
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Analysis
Black Hills Corp /Sd/ (BKH) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Black Hills' Operating Margin came in at 23.88%, up 0.40 percentage points year-over-year; for FY2025, it came in at 23.27%, down 0.38 percentage points from FY2024.
- Operating Margin has a five-year change of -1.97 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 23.65% in FY2024 (+3.37 pp), 20.28% in FY2023 (+2.44 pp), 17.84% in FY2022 (-3.17 pp) and 21.00% in FY2021 (-4.24 pp).
- Five-year quarterly Operating Margin spans a low of 15.27% in Q2 2022 and a high of 27.35% in Q4 2024.
- Year over year, Operating Margin gained in four of the last eight quarters, with an average year-over-year change of +0.16 percentage points.
- The high point for year-over-year Operating Margin in five years was Q1 2024 (a gain of 7.62 percentage points); the low point was Q3 2022 (a drop of 6.43 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 25.86% (Q1 2026), 26.97% (Q4 2025) and 18.29% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.42% |
| Mar 31, 2026 | 25.86% |
| Dec 31, 2025 | 26.97% |
| Sep 30, 2025 | 18.29% |
| Jun 30, 2025 | 18.79% |
| Mar 31, 2025 | 25.46% |
| Dec 31, 2024 | 27.35% |
| Sep 30, 2024 | 18.87% |
| Jun 30, 2024 | 17.54% |
| Mar 31, 2024 | 26.61% |
| Dec 31, 2023 | 23.07% |
| Sep 30, 2023 | 24.02% |
| Jun 30, 2023 | 15.44% |
| Mar 31, 2023 | 18.99% |
| Dec 31, 2022 | 16.42% |
| Sep 30, 2022 | 17.18% |
| Jun 30, 2022 | 15.27% |
| Mar 31, 2022 | 21.05% |
| Dec 31, 2021 | 20.26% |
| Sep 30, 2021 | 23.61% |
API Access
Black Hills Corp /Sd/ Operating 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=operating-margin&ticker=BKH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=BKH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();