Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 35.19% is in line with its 5-year average of 33.33%, around the middle of its 5-year range (24.30%–39.94%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.58% below its 12-month average of 35.39%.
Reported quarterly EBITDA margin; no daily interpolation.
EBITDA MARGIN
35.19%
EBITDA MARGIN AVG TTM
35.39%
EBITDA MARGIN AVG 3Y
35.18%
EBITDA MARGIN AVG 5Y
33.33%
EBITDA MARGIN AVG 10Y
33.72%
EBITDA MARGIN AVG 15Y
32.35%
EBITDA MARGIN AVG 20Y
31.38%
CURRENT VS TTM AVG
-0.58%
CURRENT VS 3Y AVG
+0.02%
CURRENT VS 5Y AVG
+5.56%
CURRENT VS 10Y AVG
+4.35%
CURRENT VS 15Y AVG
+8.78%
CURRENT VS 20Y AVG
+12.12%
Black Hills Corporation
Market Cap
$5.47B
EBITDA Margin
35.19%
TTM Avg
35.39%
3Y Avg
35.18%
5Y Avg
33.33%
Market Cap
$2.87B
EBITDA Margin
-0.75%
TTM Avg
0.39%
3Y Avg
-6.72%
5Y Avg
-8.15%
Market Cap
$2.85B
EBITDA Margin
-2186.82%
TTM Avg
-1278.16%
3Y Avg
-1419.70%
5Y Avg
-6303.29%
Market Cap
$8.31B
EBITDA Margin
74.25%
TTM Avg
73.78%
3Y Avg
100.67%
5Y Avg
90.89%
Market Cap
$2.05B
EBITDA Margin
47.23%
TTM Avg
38.76%
3Y Avg
33.48%
5Y Avg
33.11%
Market Cap
$1.11B
EBITDA Margin
59.34%
TTM Avg
36.70%
3Y Avg
48.35%
5Y Avg
54.46%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Black Hills Corporation (BKH) | $5.47B | 35.19% | 35.39% | 35.18% | 33.33% |
| Oklo Inc. (OKLO)vs › | $7.61B | N/A | N/A | N/A | N/A |
| Avista Corporation (AVA)vs › | $3.27B | 32.74% | 31.34% | 29.62% | 30.84% |
| UGI Corporation (UGI)vs › | $7.78B | 22.89% | 20.61% | 13.15% | 18.87% |
| Fluence Energy, Inc. (FLNC)vs › | $2.87B | -0.75% | 0.39% | -6.72% | -8.15% |
| NuScale Power Corporation (SMR)vs › | $2.85B | -2186.82% | -1278.16% | -1419.70% | -6303.29% |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 74.25% | 73.78% | 100.67% | 90.89% |
| Northwest Natural Holding Company (NWN)vs › | $2.05B | 47.23% | 38.76% | 33.48% | 33.11% |
| XPLR Infrastructure, LP (XIFR)vs › | $1.11B | 59.34% | 36.70% | 48.35% | 54.46% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.20B | 51.21% | 51.91% | 56.42% | 63.40% |
Gross Margin
35.7%
EBITDA Margin
35.2%
Operating Margin
23.3%
Net Margin
12.6%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-03-31 | 35.19% |
| 2025-12-31 | 38.51% |
| 2025-09-30 | 34.52% |
| 2025-06-30 | 34.69% |
| 2025-03-31 | 34.05% |
| 2024-12-31 | 38.79% |
| 2024-09-30 | 36.13% |
| 2024-06-30 | 34.08% |
| 2024-03-31 | 35.68% |
| 2023-12-31 | 34.15% |
| 2023-09-30 | 39.94% |
| 2023-06-30 | 31.19% |
| 2023-03-31 | 25.67% |
| 2022-12-31 | 24.30% |
| 2022-09-30 | 31.02% |
| 2022-06-30 | 28.79% |
| 2022-03-31 | 28.39% |
| 2021-12-31 | 31.12% |
| 2021-09-30 | 39.16% |
| 2021-06-30 | 33.74% |
| 2021-03-31 | 30.88% |
| 2020-12-31 | 37.21% |
| 2020-09-30 | 39.98% |
| 2020-06-30 | 37.81% |
| 2020-03-31 | 39.03% |
| 2019-12-31 | 36.84% |
| 2019-09-30 | 37.61% |
| 2019-06-30 | 31.63% |
| 2019-03-31 | 35.32% |
| 2018-12-31 | 32.74% |
| 2018-09-30 | 35.45% |
| 2018-06-30 | 33.25% |
| 2018-03-31 | 34.21% |
| 2017-12-31 | 37.45% |
| 2017-09-30 | 37.74% |
| 2017-06-30 | 34.12% |
| 2017-03-31 | 35.96% |
| 2016-12-31 | 22.36% |
| 2016-09-30 | 32.16% |
| 2016-06-30 | 25.38% |
| 2016-03-31 | 26.22% |
| 2015-12-31 | 12.17% |
| 2015-09-30 | 13.13% |
| 2015-06-30 | 0.44% |
| 2015-03-31 | 24.77% |
| 2014-12-31 | 28.51% |
| 2014-09-30 | 33.76% |
| 2014-06-30 | 29.41% |
| 2014-03-31 | 27.31% |
| 2013-12-31 | 29.89% |
| 2013-09-30 | 35.28% |
| 2013-06-30 | 30.09% |
| 2013-03-31 | 30.11% |
| 2012-12-31 | 34.03% |
| 2012-09-30 | 48.30% |
| 2012-06-30 | 25.59% |
| 2012-03-31 | 29.69% |
| 2011-12-31 | 24.86% |
| 2011-09-30 | 29.20% |
| 2011-06-30 | 26.24% |
| 2011-03-31 | 22.52% |
| 2010-12-31 | 25.40% |
| 2010-09-30 | 31.25% |
| 2010-06-30 | 23.83% |
| 2010-03-31 | 23.00% |
| 2009-12-31 | 22.78% |
| 2009-09-30 | 20.70% |
| 2009-06-30 | 21.45% |
| 2009-03-31 | 15.25% |
| 2008-12-31 | -0.39% |
| 2008-09-30 | 25.18% |
| 2008-06-30 | 26.13% |
| 2008-03-31 | 34.71% |
| 2007-12-31 | 38.62% |
| 2007-09-30 | 18.40% |
| 2007-06-30 | 42.49% |
| 2007-03-31 | 42.42% |
| 2006-12-31 | 38.37% |
| 2006-09-30 | 41.30% |
| 2006-06-30 | 35.63% |
| 2006-03-31 | 35.06% |
| 2005-12-31 | 17.63% |
| 2005-09-30 | -5.71% |
| 2005-06-30 | 37.68% |
| 2005-03-31 | 37.28% |
| 2004-12-31 | 21.94% |
| 2004-09-30 | 24.88% |
| 2004-06-30 | 15.03% |
| 2004-03-31 | 18.35% |
| 2003-12-31 | -26.86% |
| 2003-09-30 | 42.93% |
| 2003-06-30 | 16.91% |
| 2003-03-31 | 19.80% |
| 2002-12-31 | 44.53% |
| 2002-09-30 | 19.48% |
| 2002-06-30 | 18.53% |
