Is AES or BKH cheaper?

On trailing earnings, AES is cheaper: AES trades at a 7.78 P/E and BKH at 18.95.

Which has grown faster, AES or BKH?

Over the past five years, BKH grew revenue faster — AES at a 4.63% CAGR versus BKH at 4.97%.

Does AES or BKH pay a bigger dividend?

AES yields 4.81% and BKH yields 3.79% based on trailing dividends and the latest price.

Is AES or BKH more profitable?

BKH runs the higher net margin — AES at 10.72% versus BKH at 12.61%.

Which has been the better investment, AES or BKH?

Over the past 10-year, AES delivered the higher annualized total return — AES at 6.25% versus BKH at 5.26%. Past performance doesn't predict future results.

The AES Corporation (AES) vs Black Hills Corporation (BKH)

AES and BKH are evenly matched — 8 metrics each of 16.

A side-by-side comparison of The AES Corporation and Black Hills Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Black Hills Corporation

$5.54B

$72.75Utilities

Total return — AES vs BKH

growth of $100 · last 30y

AES +114.7%BKH +361.9%BKH compounded faster

AES BKH

AES vs BKH: by the numbers

•AES is the larger company ($10.43B vs $5.54B market cap).
•AES trades at the lower earnings multiple (7.78 vs 18.95 P/E).
•BKH converts more revenue to profit (12.61% vs 10.72% net margin).
•BKH grew revenue faster over the past five years (4.97% vs 4.63% CAGR).
•AES pays the higher dividend yield (4.81% vs 3.79%).

Which is better, AES or BKH?

Metric tally: AES 8 · BKH 8

It depends on what you're optimizing for:

ValueAES(lower P/E)

GrowthBKH(faster 5Y revenue CAGR)

IncomeAES(higher dividend yield)

QualityBKH(higher ROIC)

Metrics side by side

Valuation

Metric	AES	BKH
P/E ratio	7.78●	18.95
Forward P/E	6.26●	15.77
P/S ratio	0.84●	2.41
P/B ratio	2.36	1.39●
PEG ratio	0.10●	8.50
EV / EBITDA	10.61●	12.21

Profitability

Metric	AES	BKH
Gross margin	19.31%	35.66%●
Operating margin	16.47%	23.30%●
Net margin	10.72%	12.61%●
ROE	30.27%●	7.31%
ROIC	4.24%	4.63%●

Dividends

Metric	AES	BKH
Dividend yield	4.81%●	3.79%
Payout ratio	55.86%	69.12%

Growth (annualized)

Metric	AES	BKH
Revenue CAGR (5Y)	4.63%	4.97%●
EPS CAGR (5Y)	78.27%●	1.80%
FCF CAGR (5Y)	3.29%	20.20%●
Total return CAGR (5Y)	-6.68%	5.65%●

Frequently asked

Which is better, AES or BKH?: It depends on your goal. value: AES (lower P/E); growth: BKH (faster 5Y revenue CAGR); income: AES (higher dividend yield); quality: BKH (higher ROIC). Across all compared metrics, they are evenly matched.
Is AES or BKH cheaper?: On trailing earnings, AES is cheaper: AES trades at a 7.78 P/E and BKH at 18.95.
Which has grown faster, AES or BKH?: Over the past five years, BKH grew revenue faster — AES at a 4.63% CAGR versus BKH at 4.97%.
Does AES or BKH pay a bigger dividend?: AES yields 4.81% and BKH yields 3.79% based on trailing dividends and the latest price.
Is AES or BKH more profitable?: BKH runs the higher net margin — AES at 10.72% versus BKH at 12.61%.
Which has been the better investment, AES or BKH?: Over the past 10-year, AES delivered the higher annualized total return — AES at 6.25% versus BKH at 5.26%. Past performance doesn't predict future results.

Go deeper

Full AES analysis Full BKH analysis Interactive comparison tool

Dig into the metrics

AES P/E ratio Black Hills P/E ratio AES dividend yield Black Hills dividend yield AES ROE Black Hills ROE AES operating margin Black Hills operating margin AES revenue growth Black Hills revenue growth AES free cash flow Black Hills free cash flow

AES & Black Hills appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest ROE Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 20, 2026.