Black Hills (BKH) reported $2.3B in revenue for fiscal 2025, +8.6% year on year. That ranks #1257 by revenue among 2853 SEC filers and #63 in Utilities. Net income was $292M, a net margin of 12.6%. Revenue has grown 4.6% a year on average since 2016 ($1.5B then). The fiscal 2025 balance sheet shows $10.9B in total assets, $183M in cash and $4.7B in long-term debt.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| RevenueRevenues | $2.3B | +8.6% | FY20252025-12-31 |
| Gross profitGrossProfit | $767M | +10.0% | FY20122012-12-31 |
| Operating incomeOperatingIncomeLoss | $538M | +6.8% | FY20252025-12-31 |
| Net incomeNetIncomeLoss | $292M | +6.8% | FY20252025-12-31 |
| Operating cash flowNetCashProvidedByUsedInOperatingActivities | $673M | −6.4% | FY20252025-12-31 |
| Capital expenditurePaymentsToAcquirePropertyPlantAndEquipment | $820M | +10.2% | FY20252025-12-31 |
| Total assetsAssets | $10.9B | +8.5% | FY20252025-12-31 |
| Shareholders' equityStockholdersEquity | $3.8B | +9.2% | FY20252025-12-31 |
| CashCashAndCashEquivalentsAtCarryingValue | $183M | +1,035.4% | FY20252025-12-31 |
| Long-term debtLongTermDebtNoncurrent | $4.7B | +10.6% | FY20252025-12-31 |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Reported since the last full year
Three-month figures this company has filed since FY2025. A quarter is not comparable with a full year, and these figures are used nowhere else on the site: not in any ranking, not in comparisons, not in the download.
| Quarter | Revenue | Net income | Source |
|---|---|---|---|
| Q1 20262026-03-31 | $781M | $131M | Open → |
| Q2 20262026-06-30 | $453M | $38.2M | Open → |
Only periods that end on a calendar quarter appear here. A company whose fiscal year ends in June files on a different calendar, so it has no row.
Where this sits in its sector
Each bar is the spread of the whole sector: the box covers the middle half of companies, the line inside it the median, and the triangle this company. The axis is clipped at the 5th and 95th percentile so a single outlier does not flatten it.
| Where this sits in its sector | FY2025 | Position in sector |
|---|---|---|
| Net marginRank 40 of 82 companies compared | 12.6% | |
| Operating marginRank 34 of 79 companies compared | 23.3% | |
| Cash as share of revenueRank 26 of 82 companies compared | 7.9% |
All four are ratios derived from two reported lines, not single filing items. Peer group: companies in the same sector with revenue of $1bn or more; loss-making companies are included.
Profile
- Legal name
- Black Hills Corp
- Ticker
- BKH
- Exchange
- NYSE
- SIC classification
- Electric Services (4911)
- Fiscal year end
- 12-31
- CIK
- 0001130464
Filings
- 10-QAug 6, 2026Open filing →
- 10-QMay 7, 2026Open filing →
- 10-KFeb 11, 2026Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| Talen EnergyTLN | $2.6B | −$219M |
| SpireSR | $2.5B | $272M |
| Algonquin Power & UtilitiesAQN | $2.4B | $181M |
| Black HillsBKH | $2.3B | $292M |
| National Fuel GasNFG | $2.3B | $519M |
| TXNM EnergyTXNM | $2.2B | $170M |
| AvistaAVA | $2.0B | $193M |
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Black Hills — Key figures |url=https://companiesranked.com/en/company/black-hills |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Black Hills — Key figures. CompaniesRanked. https://companiesranked.com/en/company/black-hillsBibTeX
@misc{companiesranked-en-company-black-hills-2026,
author = {{CompaniesRanked}},
title = {{Black Hills — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/black-hills}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001193125-26-046028 · February 11, 2026
{{cite web |title=Black Hills — Key figures — 10-K (0001193125-26-046028) |url=https://www.sec.gov/Archives/edgar/data/1130464/000119312526046028/bkh-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-11}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.