Black Hills Corporation (BKH) EBITDA Margin: 35.82%
Is Black Hills Corporation’s EBITDA margin high or low?
Black Hills Corporation's EBITDA margin of 35.82% is in line with its 5-year average of 33.91%, near the high end of its 5-year range (27.80%–38.01%).
As of Saturday, June 20, 2026. 1.50% below its 12-month average of 36.36%.
BKH EBITDA Margin Chart
BKH Average EBITDA Margin Chart
BKH Current vs Average EBITDA Margin Chart
BKH EBITDA Margin Metrics
EBITDA MARGIN
35.82%
EBITDA MARGIN AVG TTM
36.36%
EBITDA MARGIN AVG 3Y
33.05%
EBITDA MARGIN AVG 5Y
33.91%
EBITDA MARGIN AVG 10Y
34.13%
EBITDA MARGIN AVG 15Y
33.40%
EBITDA MARGIN AVG 20Y
32.57%
CURRENT VS TTM AVG
-1.50%
CURRENT VS 3Y AVG
+8.38%
CURRENT VS 5Y AVG
+5.62%
CURRENT VS 10Y AVG
+4.95%
CURRENT VS 15Y AVG
+7.26%
CURRENT VS 20Y AVG
+9.99%
BKH Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Black Hills Corporation (BKH) | $5.54B | 35.82% | 36.36% | 33.05% | 33.91% |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 76.77% | 77.88% | 104.75% | 93.77% |
| The AES Corporation (AES)vs › | $10.43B | 24.03% | 26.98% | 22.34% | 20.49% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.69B | 77.73% | 71.19% | 71.43% | 67.69% |
| Alliant Energy Corporation (LNT)vs › | $18.85B | 46.29% | 45.72% | 43.93% | 43.31% |
| Talen Energy Corporation (TLN)vs › | $19.81B | 16.44% | 50.91% | 32.09% | 22.28% |
| NiSource Inc. (NI)vs › | $22.66B | 45.51% | 46.30% | 42.43% | 38.20% |
| CMS Energy Corporation (CMS)vs › | $22.67B | 37.32% | 39.09% | 36.26% | 35.83% |
| American Water Works Company, Inc. (AWK)vs › | $24.42B | 57.02% | 57.01% | 55.62% | 53.67% |
| Eversource Energy (ES)vs › | $26.17B | 40.51% | 37.61% | 30.25% | 32.15% |
Margin Comparison
Gross Margin
35.7%
EBITDA Margin
35.8%
Operating Margin
23.3%
Net Margin
12.6%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
Black Hills Corporation EBITDA Margin Formula & Definition
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
Black Hills Corporation EBITDA Margin FAQ
- What is the EBITDA margin for Black Hills Corporation (BKH)?
- The EBITDA margin for BKH stock is 35.82%.
- Is Black Hills Corporation's EBITDA margin high or low?
- Black Hills Corporation's EBITDA margin of 35.82% is in line with its 5-year average of 33.91%, near the high end of its 5-year range (27.80%–38.01%).
- What is the TTM average EBITDA margin for Black Hills Corporation (BKH)?
- The TTM average EBITDA margin for BKH stock is 36.36%.
- What is the 3Y average EBITDA margin for Black Hills Corporation (BKH)?
- The 3Y average EBITDA margin for BKH stock is 33.05%.
- What is the 5Y average EBITDA margin for Black Hills Corporation (BKH)?
- The 5Y average EBITDA margin for BKH stock is 33.91%.
- What is the 10Y average EBITDA margin for Black Hills Corporation (BKH)?
- The 10Y average EBITDA margin for BKH stock is 34.13%.
- What is the 15Y average EBITDA margin for Black Hills Corporation (BKH)?
- The 15Y average EBITDA margin for BKH stock is 33.40%.
- What is the 20Y average EBITDA margin for Black Hills Corporation (BKH)?
- The 20Y average EBITDA margin for BKH stock is 32.57%.
Black Hills Corporation EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2025-12-31 | 35.82% |
| 2024-12-31 | 36.91% |
| 2023-12-31 | 31.67% |
| 2022-12-31 | 27.80% |
| 2021-12-31 | 33.27% |
| 2020-12-31 | 38.01% |
| 2019-12-31 | 34.08% |
| 2018-12-31 | 33.85% |
| 2017-12-31 | 36.19% |
| 2016-12-31 | 33.63% |
| 2015-12-31 | 34.20% |
| 2014-12-31 | 29.65% |
| 2013-12-31 | 33.75% |
| 2012-12-31 | 36.56% |
| 2011-12-31 | 22.36% |
| 2010-12-31 | 25.55% |
| 2009-12-31 | 24.95% |
| 2008-12-31 | 7.52% |
| 2007-12-31 | 39.21% |
| 2006-12-31 | 36.16% |
| 2005-12-31 | 27.70% |
| 2004-12-31 | 48.59% |
| 2003-12-31 | 16.96% |
| 2002-12-31 | 19.44% |
| 2001-12-31 | 26.44% |
| 2000-12-31 | 9.09% |
| 1999-12-31 | 10.97% |
| 1998-12-31 | 10.81% |
| 1997-12-31 | 25.92% |
| 1996-12-31 | 47.42% |
Related Metrics
About Black Hills Corporation
Black Hills Corporation operates as an American utility firm, delivering both electric power and natural gas through its subsidiaries. Its business is organized into two primary divisions: Electric Utilities and Gas Utilities. The Electric Utilities segment is responsible for generating, transmitting, and distributing electricity to approximately 218,000 customers spanning Colorado, Montana, South Dakota, and Wyoming. This division manages 1,481.5 megawatts of power generation capacity and maintains 8,892 miles of electric transmission and distribution lines. Electric power generation is diversified, utilizing wind, natural gas, and coal-fired plants, and the company also operates a coal mine near Gillette, Wyoming. Conversely, the Gas Utilities segment provides natural gas to roughly 1,094,000 utility clients across Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. This operation includes overseeing 4,732 miles of intrastate gas transmission pipelines, 41,644 miles of gas distribution mains and service lines, six natural gas storage facilities, around 50,000 horsepower of compression, and 515 miles of gathering lines. Beyond these core utility offerings, Black Hills Corporation also constructs and maintains gas infrastructure for various gas transportation customers. It provides appliance repair services for residential utility subscribers and offers electrical system construction to large industrial clients. Founded in 1941, the company's headquarters are situated in Rapid City, South Dakota.
- Sector
- Utilities
- Industry
- Diversified Utilities
- CEO
- Linden R. Evans