Black Hills Corporation (BKH)

NYSE: BKH · USD

$80.7

-1.03 (-1.3%)· Recorded snapshot

Market cap	6.2B
Revenue (ttm)	2.3B
Net income (ttm)	299.1M
EPS (ttm)	$3.98
Shares out	76.3M
P/E (trailing)	20.3x
P/E (forward)	18.0x
Dividend	$2.81 (3.48%)
Volume	827,012
Beta	0.66

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 2.3B
Net income (ttm): 299.1M
EPS (ttm): $3.98
P/E (trailing): 20.3x
P/E (forward): 18.0x
Market cap: 6.2B

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AEE	Ameren Corporation	29.9B	19.1x	3.6x	4.4%	+8.0%	+6.0%	Hold
AEP	American Electric Power Company Inc.	69.8B	20.9x	3.0x	4.3%	+7.6%	+13.5%	Hold
CEG	Constellation Energy Corporation	91.4B	25.0x	2.9x	7.4%	+10.8%	-33.6%	Sell

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E18

P25 n/aP50 n/aP75 n/a

Trailing P/E20.3

P25 n/aP50 n/aP75 n/a

ROE8

P25 n/aP50 n/aP75 n/a

ROIC4.1

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All BKH indicators

Market & fundamental data

Available fields

268

Groups with data

Currency

USD

Showing 268 of 268 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001130464
Company name	Black Hills Corporation
Country	United States
Country code	US
CUSIP number	092113109
Earnings date	2026-11-04
Earnings time	amc
Employees	2,795
Employees change	-46
Employees growth	-1.62%
Enterprise value	$10.6B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1941
In index	RUSSELL2000
Industry	Utilities - Regulated Gas
Is primary listing	Yes
Is SPAC	No
ISIN number	US0921131092
Last 10-K release date	2026-02-11
Last earnings date	2026-08-05
Last refreshed	2026-10-28
Last stock split date	1998-03-11
Last stock split type	Forward
Market cap	$6.2B
Market cap category	Mid-Cap
Next earnings date	2026-11-04
Options	Yes
Price	$80.72
Price currency	USD
Sector	Utilities
SIC code	4911
Stock price date	2026-10-28
Symbol	BKH
U.S. state	South Dakota
Website	https://ir.blackhillscorp.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	19.26x
Average P/E ratio (10Y)	20.1x
Average P/E ratio (3Y)	15.62x
Average P/E ratio (5Y)	16.38x
Earnings yield	4.93%
EV/Earnings	35.43x
EV/EBIT	19.47x
EV/EBITDA	12.63x
EV/Sales	4.61x
FCF / EV yield	-2.88%
FCF yield	-4.94%
Forward EV/Sales	3.09x
Forward P/E	18.01x
Forward P/S	1.8x
Graham number	68.07207
Graham upside	-15.92%
Industry forward P/E	17.92x
Industry P/E	19.53x
Lynch fair value	$19.91
Lynch upside	-75.41%
P/(OCF - SBC) ratio	10.03x
P/B ratio	1.58x
P/E ratio	20.27x
P/OCF ratio	9.83x
P/S ratio	2.69x
PEG ratio	2.36x
Price / tangible book value	2.34x
Price/EBITDA ratio	7.36x
Sector forward P/E	17.04x
Sector P/E	19.79x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	23.67%
EBITDA margin	36.5%
Effective tax rate	12.5%
Gross margin	39.72%
Operating margin	23.67%
Pretax margin	15.31%
Profit margin	13.01%
Profit per employee	$107,013
Profitable quarters	42
Profitable years	10
Revenue per employee	$822,648
ROA	3.22%
ROA (5Y)	3.08%
ROCE	5.66%
ROE	7.96%
ROE (5Y)	8.6%
ROIC	4.1%
SBC / revenue	0.54%
Tax / revenue	1.91%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	0.28%
EPS growth (Q)	31.64%
EPS growth (QoQ)	-71.1%
EPS growth 10Y	27.89%
EPS growth 3Y	2.43%
EPS growth 5Y	1.22%
EPS growth quarters	1
EPS growth years	1
Net income growth	5.24%
Net income growth (Q)	38.91%
Net income growth (QoQ)	-70.84%
Net income growth 3Y	6.94%
Net income growth 5Y	4.95%
Net income growth quarters	1
Net income growth years	6
OCF growth	-6.46%
OCF growth (Q)	3.45%
OCF growth (QoQ)	10.73%
OCF growth 10Y	5.92%
OCF growth 3Y	-5.64%
Revenue growth	2.52%
Revenue growth (Q)	3.14%
Revenue growth (QoQ)	-42%
Revenue growth 10Y	5.35%
Revenue growth 3Y	-3.85%
Revenue growth 5Y	4.57%
Revenue growth quarters	1
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-933.5M
Depreciation and amortization	$294.9M
EBIT	$544.3M
EBITDA	$839.2M
EPS	$3.98
FCF per share	$-4.00
Financing cash flow	$379.5M
Free cash flow	$-305.2M
Free cash flow minus SBC	$-317.7M
Gross profit	$913.2M
Income taxes	$44M
Investing cash flow	$-944.1M
Net borrowing	$116.3M
Net cash flow	$63.7M
Net income	$299.1M
Operating cash flow minus SBC	$615.8M
Operating income	$544.3M
Revenue	$2.3B
Stock-based compensation	$12.5M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$51.71
Debt / EBITDA	5.35
Debt / equity	1.12
Goodwill	$1.3B
Interest coverage	2.74
Long-term assets	$10.3B
Long-term liabilities	$5.6B
Net cash (debt)	$-4.4B
Net cash / market cap	-71.63%
Net debt / EBITDA	5.27
Net debt / equity	1.1
Piotroski F-Score	4
Property, plant and equipment	$8.6B
Shareholders' equity	$4B
Tangible book value	$2.6B
Tangible book value per share	$34.60
Total assets	$11B
Total cash	$71.5M
Total debt	$4.5B
Total liabilities	$7B
WACC	6.19%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.22
Current assets	$745.1M
Current liabilities	$1.4B
Current ratio	0.52
Inventory turnover	9.15
Net working capital	$-251.6M
Quick ratio	0.27
Working capital	$-680.1M
Working capital turnover	-4.48

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-4.89%
Dividend growth	4%
Dividend growth (10Y)	5.28%
Dividend growth (3Y)	3.66%
Dividend growth (5Y)	4.27%
Dividend growth years	55
Dividend payment date	2026-09-01
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$2.81
Dividend yield	3.48%
Ex-dividend date	2026-08-17
Last dividend	$0.70
Payout ratio	70.61%
Shareholder yield	-1.42%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	33.6%
10Y return CAGR	6.71%
10Y total return	91.39%
150-day SMA	$73.55
15Y price change	136.02%
15Y return CAGR	9.72%
15Y total return	302.06%
1D price change	-1.26%
1M price change	14.56%
1M total return	14.56%
1W price change	2.76%
1W total return	2.76%
1Y price change	22.45%
1Y return CAGR	27.25%
1Y total return	27.23%
20-day SMA	$76.36
200-day SMA	$73.27
20Y price change	134.99%
20Y return CAGR	8.44%
20Y total return	405.21%
3M price change	8.12%
3M total return	9.15%
3Y price change	67.12%
3Y return CAGR	23.93%
3Y total return	90.37%
50-day SMA	$73.63
50-day SMA vs 200-day SMA	50over200
52-week high	$81.96
52-week high date	2026-10-27
52-week low	$62.27
52-week low date	2025-11-03
5Y price change	22.06%
5Y return CAGR	8.4%
5Y total return	49.63%
6M price change	7.31%
6M total return	9.37%
All-time high	$87.12
All-time high date	2020-02-07
All-time low	$2.28
All-time low date	1981-11-09
Average true range (ATR)	$1.71
Average volume	1.4M
Beta (1Y)	0.39
Beta (2Y)	0.33
Beta (5Y)	0.66
Change from 52-week high	-1.51%
Change from 52-week low	29.64%
Change from all-time high	-7.35%
Change from all-time low	3,443.46%
Change from open	-1.2%
Day's gap	-0.06%
Dollar volume	$66.8M
High price	$81.70
Low price	$80.23
Monthly RSI	65.23
Open price	$81.70
Position in 52-week range	33.33%
Premarket change	-0.67%
Premarket close	$81.75
Premarket price	$81.20
Previous close	$81.75
Price vs 150-day SMA	9.75%
Price vs 20-day SMA	5.72%
Price vs 200-day SMA	10.16%
Price vs 50-day SMA	9.62%
Relative volume	0.61
RSI	70.86
Sharpe ratio	0.96
Sharpe ratio (3Y)	0.92
Sharpe ratio (5Y)	0.31
Sortino ratio	1.78
Sortino ratio (3Y)	1.69
Sortino ratio (5Y)	0.69
Volume	827K
Weekly RSI	66.31
YTD price change	16.28%
YTD total return	19.64%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	75.9M
Float percentage	99.51%
Shares change (QoQ)	0.66%
Shares change (YoY)	4.89%
Shares held by insiders	0.44%
Shares held by institutions	104.14%
Shares outstanding	76.3M
Short % of float	14.69%
Short % of shares	14.62%
Short ratio	10.8 days

Deeper analysis on BKH

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this BKH report

Is a complete BKH research report available?

No complete published report is available for Black Hills Corporation (BKH) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Black Hills Corporation (BKH)

Price

Financial snapshot

Fair-value bridge

Latest news · BKH

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All BKH indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on BKH

Frequently asked questions