Which has grown faster, BKH or FLNC?

Over the past five years, FLNC grew revenue faster — BKH at a 4.97% CAGR versus FLNC at 32.16%.

Does BKH or FLNC pay a bigger dividend?

BKH pays a dividend (3.74% yield) while FLNC does not currently pay one.

Is BKH or FLNC more profitable?

BKH runs the higher net margin — BKH at 12.61% versus FLNC at -1.62%.

Black Hills Corporation (BKH) vs Fluence Energy, Inc. (FLNC)

BKH leads on 8 of 10 compared metrics.

A side-by-side comparison of Black Hills Corporation and Fluence Energy, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

BKH

Black Hills Corporation

Total return — BKH vs FLNC

growth of $100 · last 5y

BKH +11.7%FLNC -39.4%BKH compounded faster

BKH FLNC

BKH vs FLNC: by the numbers

•BKH is the larger company ($5.62B vs $3.91B market cap).
•BKH is profitable (12.61% net margin) while FLNC runs a net loss (-1.62%).
•FLNC grew revenue faster over the past five years (32.16% vs 4.97% CAGR).
•BKH pays a dividend (3.74% yield) while FLNC does not currently pay one.

Which is better, BKH or FLNC?

Metric tally: BKH 8 · FLNC 2

It depends on what you're optimizing for:

GrowthFLNC(faster 5Y revenue CAGR)

QualityBKH(higher ROIC)

Metrics side by side

Valuation

Metric	BKH	FLNC
P/E ratio	19.23	—
Forward P/E	16.01●	97.63
P/S ratio	2.44	1.08●
P/B ratio	1.41●	7.61
PEG ratio	8.50	—
EV / EBITDA	12.30	—

Profitability

Metric	BKH	FLNC
Gross margin	35.66%●	11.51%
Operating margin	23.30%●	-1.90%
Net margin	12.61%●	-1.62%
ROE	7.31%●	-11.35%
ROIC	4.63%●	-4.70%

Dividends

Metric	BKH	FLNC
Dividend yield	3.74%	—
Payout ratio	69.12%	—

Growth (annualized)

Metric	BKH	FLNC
Revenue CAGR (5Y)	4.97%	32.16%●
EPS CAGR (5Y)	1.80%	—
FCF CAGR (5Y)	20.20%●	19.46%
Total return CAGR (5Y)	6.11%	—

Frequently asked

Which is better, BKH or FLNC?: It depends on your goal. growth: FLNC (faster 5Y revenue CAGR); quality: BKH (higher ROIC). Across all compared metrics, BKH leads 8 to 2.
Which has grown faster, BKH or FLNC?: Over the past five years, FLNC grew revenue faster — BKH at a 4.97% CAGR versus FLNC at 32.16%.
Does BKH or FLNC pay a bigger dividend?: BKH pays a dividend (3.74% yield) while FLNC does not currently pay one.
Is BKH or FLNC more profitable?: BKH runs the higher net margin — BKH at 12.61% versus FLNC at -1.62%.

Go deeper

Full BKH analysis Full FLNC analysis Interactive comparison tool

Dig into the metrics

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

Black Hills & Fluence Energy appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Fastest Revenue Growth 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 24, 2026.