Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 35.55% is in line with its 5-year average of 33.67%, near the high end of its 5-year range (24.30%–39.94%).
1.77% below its 12-month average of 36.19%.
Reported quarterly EBITDA margin; no daily interpolation. Q2 FY2026 (2026-06-30): 38.05%.
EBITDA MARGIN
35.55%
EBITDA MARGIN AVG TTM
36.19%
EBITDA MARGIN AVG 3Y
35.77%
EBITDA MARGIN AVG 5Y
33.67%
EBITDA MARGIN AVG 10Y
34.30%
EBITDA MARGIN AVG 15Y
32.62%
EBITDA MARGIN AVG 20Y
31.42%
CURRENT VS TTM AVG
-1.77%
CURRENT VS 3Y AVG
-0.61%
CURRENT VS 5Y AVG
+5.57%
CURRENT VS 10Y AVG
+3.65%
CURRENT VS 15Y AVG
+8.99%
CURRENT VS 20Y AVG
+13.14%
Black Hills Corporation
Market Cap
$5.36B
EBITDA Margin
35.55%
TTM Avg
36.19%
3Y Avg
35.77%
5Y Avg
33.67%
Market Cap
$2.03B
EBITDA Margin
47.23%
TTM Avg
38.76%
3Y Avg
33.48%
5Y Avg
33.11%
Market Cap
$9.13B
EBITDA Margin
51.21%
TTM Avg
51.91%
3Y Avg
56.42%
5Y Avg
63.40%
Market Cap
$1.35B
EBITDA Margin
-0.75%
TTM Avg
0.39%
3Y Avg
-6.72%
5Y Avg
-8.15%
Market Cap
$1.03B
EBITDA Margin
59.34%
TTM Avg
36.70%
3Y Avg
48.35%
5Y Avg
54.46%
Market Cap
$10.58B
EBITDA Margin
28.01%
TTM Avg
27.41%
3Y Avg
27.11%
5Y Avg
29.67%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Black Hills Corporation (BKH) | $5.36B | 35.55% | 36.19% | 35.77% | 33.67% |
| Oklo Inc. (OKLO)vs › | $6.61B | N/A | N/A | N/A | N/A |
| Avista Corporation (AVA)vs › | $3.04B | 32.74% | 31.34% | 29.62% | 30.84% |
| UGI Corporation (UGI)vs › | $8.07B | 22.89% | 20.61% | 13.15% | 18.87% |
| Northwest Natural Holding Company (NWN)vs › | $2.03B | 47.23% | 38.76% | 33.48% | 33.11% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $9.13B | 51.21% | 51.91% | 56.42% | 63.40% |
| Fluence Energy, Inc. (FLNC)vs › | $1.35B | -0.75% | 0.39% | -6.72% | -8.15% |
| XPLR Infrastructure, LP (XIFR)vs › | $1.03B | 59.34% | 36.70% | 48.35% | 54.46% |
| The AES Corporation (AES)vs › | $10.58B | 28.01% | 27.41% | 27.11% | 29.67% |
| Pinnacle West Capital Corporation (PNW)vs › | $11.42B | 39.10% | 38.75% | 37.27% | 38.38% |
Gross Margin
42.9%
EBITDA Margin
35.5%
Operating Margin
23.8%
Net Margin
13.0%
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 |
|---|---|
| 2026-06-30 | 38.05% |
| 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% |
