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EBITDA Margin for Black Hills (BKH)

As of · Reported

Metric

TTM

36.2%

YoY change

−1.09pp

Trough year (2008)

7.5%

Peak year (1985)

100.0%

EBITDA Margin history chart for Black Hills (BKH) from 1985 to 2025

Latest: 35.8%

EBITDA Margin change chart for Black Hills (BKH) from 1985 to 2025

Latest: −1.09pp

EBITDA Margin history table for Black Hills (BKH) from 1985 to 2025

  • 202535.8%-1.09pp
  • 202436.9%+5.24pp
  • 202331.7%+3.87pp
  • 202227.8%-5.47pp
  • 202133.3%-4.74pp
  • 202038.0%+3.93pp
  • 201934.1%+0.23pp
  • 201833.9%-2.34pp
  • 201736.2%+2.56pp
  • 201633.6%-0.57pp
  • 201534.2%+4.55pp
  • 201429.7%-4.09pp
  • 201333.7%-2.81pp
  • 201236.6%+14.20pp
  • 201122.4%-3.19pp
  • 201025.6%+0.61pp
  • 200924.9%+17.43pp
  • 20087.5%-31.70pp
  • 200739.2%+3.05pp
  • 200636.2%+8.46pp
  • 200527.7%-20.89pp
  • 200448.6%+31.64pp
  • 200317.0%-2.48pp
  • 200219.4%-7.00pp
  • 200126.4%+17.35pp
  • 20009.1%-1.88pp
  • 199911.0%+0.17pp
  • 199810.8%-15.11pp
  • 199725.9%-21.50pp
  • 199647.4%+6.12pp
  • 199541.3%+2.46pp
  • 199438.8%-61.17pp
  • 1993100.0%0.00pp
  • 1992100.0%0.00pp
  • 1991100.0%0.00pp
  • 1990100.0%0.00pp
  • 1989100.0%0.00pp
  • 1988100.0%0.00pp
  • 1987100.0%0.00pp
  • 1986100.0%0.00pp
  • 1985100.0%—

EBITDA Margin values are taken from Black Hills's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at Black Hills (BKH)

According to Black Hills's latest reported financial statements, the company's latest reported EBITDA margin is 36.2%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

Black Hills (BKH) most recent annual EBITDA margin stands at 35.82% (2025) – contracted 1.1 percentage points year-over-year.

Across the available history, EBITDA margin reached its high of 100.00% in 1985 and its low of 7.52% in 2008.

Black Hills EBITDA Margin by Year

Black Hills EBITDA Margin 2025: 35.8%

Black Hills posted EBITDA margin of 35.82% in 2025, contracted 1.1 percentage points from 2024.

Black Hills EBITDA Margin 2024: 36.9%

In 2024, Black Hills reported EBITDA margin of 36.91%, expanded 5.2 percentage points from 2023.

Black Hills EBITDA Margin 2023: 31.7%

Black Hills EBITDA margin in 2023 was 31.67%, expanded 3.9 percentage points from 2022.

Black Hills EBITDA Margin 2022: 27.8%

2022's EBITDA margin for Black Hills came in at 27.80%, contracted 5.5 percentage points from 2021.

Black Hills EBITDA Margin 2021: 33.3%

Black Hills EBITDA margin in 2021 was 33.27%.

See more financial history for Black Hills (BKH).

Sector peers by EBITDA Margin

Utilities peers of Black Hills (BKH), ranked by their latest EBITDA margin

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