Black Hills Corporation
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||
| 13.4 | 15.8 | 22.2 | 12.8 | 18.9 | 9.8 | 11.7 | 15.1 | 17.4 | 34.5 | 15.3 | 16.7 | 9.8 | 12.6 | 17.1 | 27.1 | 15.6 | 19.9 | 18.1 | – | 44.8 | 18.7 | 13.5 | 23.9 | 16.9 | 18.9 | 17.7 | 13.8 | 15.0 | 17.4 | |
| 2.5 | 1.6 | 0.8 | 0.6 | 0.6 | 1.2 | 0.8 | 0.7 | 2.3 | 1.9 | 2.3 | 2.9 | 1.0 | 0.8 | 1.0 | 1.1 | 1.4 | 1.8 | 1.7 | 1.9 | 2.1 | 2.0 | 2.0 | 2.8 | 2.3 | 2.3 | 1.8 | 1.6 | 1.9 | 2.2 | |
| 2.1 | 2.5 | 2.8 | 2.2 | 3.5 | 1.7 | 1.3 | 1.3 | 1.4 | 1.6 | 1.6 | 1.7 | 1.0 | 0.9 | 1.1 | 1.1 | 1.3 | 1.8 | 1.7 | 1.6 | 2.0 | 1.9 | 1.6 | 2.0 | 1.5 | 1.6 | 1.5 | 1.1 | 1.2 | 1.3 | |
| 2.4 | 1.6 | 0.8 | 0.7 | 0.9 | 2.2 | 1.4 | 1.3 | 3.9 | 3.0 | 3.7 | 4.0 | 2.1 | 1.7 | 2.1 | 2.3 | 2.5 | 3.0 | 2.8 | 3.1 | 4.3 | 3.9 | 3.8 | 4.8 | 4.5 | 4.6 | 3.6 | 3.4 | 4.0 | 4.2 | |
| 5.1 | 6.1 | 7.7 | 6.4 | 10.2 | 8.4 | 7.3 | 7.7 | 7.9 | 10.9 | 10.2 | 10.2 | 27.4 | 6.7 | 8.3 | 10.4 | 6.8 | 8.8 | 9.6 | 9.0 | 12.7 | 10.9 | 11.1 | 14.0 | 11.8 | 13.9 | 13.0 | 10.8 | 10.8 | 11.6 | |
| 13.1 | 18.5 | 20.9 | – | – | – | – | 11.5 | 22.1 | 31.8 | – | – | – | – | – | – | – | – | – | – | – | 32.4 | 111.4 | – | – | – | – | 9.3 | – | – | |
| 7.6% | 5.4% | 4.8% | -6.0% | -6.0% | -23.2% | -2.0% | 8.7% | 4.5% | 3.1% | -3.9% | -0.6% | -17.8% | -7.4% | -27.7% | -16.1% | -2.0% | -1.3% | -3.2% | -1.2% | -4.7% | 3.1% | 0.9% | -6.6% | -5.9% | -16.6% | -0.4% | 10.7% | -0.6% | -2.9% | |
| Margins | ||||||||||||||||||||||||||||||
| 79.0% | 43.5% | 21.8% | 19.5% | 15.5% | 48.1% | 36.0% | 42.5% | 81.4% | 69.1% | 64.7% | 72.0% | 55.3% | 48.6% | 53.5% | 28.0% | 37.4% | 34.3% | 32.5% | 38.1% | 39.8% | 39.4% | 36.9% | 38.5% | 41.8% | 36.2% | 30.3% | 34.2% | 39.5% | 38.5% | |
| 33.4% | 18.8% | 7.3% | 7.8% | 7.1% | 19.1% | 12.4% | 10.5% | 28.9% | 13.3% | 18.8% | 21.9% | 5.6% | 10.0% | 15.0% | 14.6% | 23.5% | 20.3% | 18.9% | 23.8% | 21.8% | 24.8% | 22.6% | 23.4% | 25.2% | 21.0% | 17.8% | 20.3% | 23.6% | 23.3% | |
| 18.6% | 10.3% | 3.8% | 4.7% | 3.3% | 11.9% | 6.8% | 4.9% | 13.0% | 5.4% | 14.9% | 17.2% | 10.4% | 6.4% | 5.6% | 3.9% | 8.7% | 9.2% | 9.4% | -2.5% | 4.7% | 10.5% | 14.7% | 11.5% | 13.4% | 12.1% | 10.1% | 11.2% | 12.8% | 12.6% | |
| 19.1% | 8.8% | 4.0% | -3.6% | -3.7% | -27.3% | -1.6% | 6.4% | 10.3% | 5.9% | -9.0% | -1.6% | -18.2% | -6.0% | -26.6% | -17.1% | -2.7% | -2.4% | -5.4% | -2.2% | -10.0% | 6.1% | 1.8% | -18.0% | -13.3% | -38.1% | -0.8% | 16.7% | -1.2% | -6.3% | |
| Returns | ||||||||||||||||||||||||||||||
| 15.7% | 15.8% | 12.5% | 17.1% | 18.7% | 17.1% | 11.5% | 8.6% | 7.9% | 4.5% | 10.3% | 10.2% | 10.0% | 7.5% | 6.2% | 4.1% | 8.3% | 9.0% | 9.5% | -2.2% | 4.5% | 10.4% | 11.8% | 8.4% | 8.9% | 8.5% | 8.6% | 8.2% | 7.8% | 7.6% | |
| 6.5% | 6.4% | 4.6% | 5.5% | 4.0% | 5.3% | 3.0% | 3.0% | 2.8% | 1.6% | 3.6% | 4.0% | 3.1% | 2.5% | 1.9% | 1.2% | 2.7% | 3.0% | 3.1% | -0.7% | 1.1% | 2.7% | 3.7% | 2.6% | 2.8% | 2.6% | 2.7% | 2.7% | 2.7% | 2.7% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||
| -12 | -15 | -8.4 | 82 | 508 | 782 | 562 | 713 | 709 | 703 | 754 | 645 | 1,039 | 1,103 | 1,408 | 1,606 | 1,304 | 1,472 | 1,596 | 1,487 | 3,300 | 3,311 | 3,121 | 3,486 | 3,764 | 4,538 | 4,647 | 4,315 | 4,368 | 4,518 | |
| -0.2 | -0.2 | -0.1 | 0.9 | 3.4 | 4.0 | 3.2 | 3.4 | 3.3 | 4.1 | 3.8 | 2.9 | 13.7 | 3.5 | 4.5 | 5.6 | 3.0 | 3.4 | 3.9 | 3.4 | 6.4 | 5.4 | 5.3 | 5.9 | 5.8 | 7.0 | 6.5 | 5.8 | 5.6 | 5.5 | |
| 41.3% | 40.4% | 37.0% | 32.1% | 21.4% | 31.1% | 26.3% | 34.4% | 35.8% | 34.9% | 35.2% | 39.2% | 31.1% | 32.7% | 29.6% | 29.3% | 33.0% | 33.7% | 32.2% | 31.5% | 24.8% | 25.7% | 31.3% | 31.3% | 31.7% | 30.5% | 31.1% | 33.4% | 34.9% | 35.2% | |
| 0.0 | 0.0 | 0.0 | 0.5 | 1.9 | 1.6 | 1.2 | 1.2 | 1.1 | 1.0 | 1.0 | 0.8 | 1.1 | 1.1 | 1.3 | 1.3 | 1.1 | 1.1 | 1.2 | 1.3 | 2.1 | 1.9 | 1.4 | 1.5 | 1.5 | 1.6 | 1.6 | 1.4 | 1.3 | 1.2 | |
| Per Share | ||||||||||||||||||||||||||||||
| 1.40 | 1.49 | 1.19 | 1.73 | 2.37 | 3.44 | 2.27 | 1.97 | 1.76 | 1.00 | 2.41 | 2.64 | 2.75 | 2.11 | 1.76 | 1.24 | 2.32 | 2.64 | 2.93 | -0.63 | 1.37 | 3.21 | 4.66 | 3.28 | 3.65 | 3.74 | 3.97 | 3.91 | 3.91 | 3.98 | |
| 7.51 | 14.43 | 31.33 | 36.93 | 72.88 | 28.82 | 33.53 | 40.30 | 13.54 | 18.43 | 16.17 | 15.36 | 26.33 | 32.82 | 31.20 | 31.74 | 26.63 | 28.72 | 31.20 | 24.64 | 28.87 | 30.49 | 31.61 | 28.54 | 27.18 | 30.78 | 39.25 | 34.74 | 30.44 | 31.56 | |
| 8.93 | 9.45 | 9.53 | 10.10 | 12.67 | 20.12 | 19.75 | 22.88 | 22.36 | 22.20 | 23.55 | 25.92 | 27.51 | 28.04 | 28.15 | 30.17 | 27.97 | 29.44 | 30.80 | 28.63 | 30.29 | 31.02 | 39.31 | 38.85 | 41.02 | 44.01 | 46.06 | 47.92 | 50.09 | 52.23 | |
| 1.43 | 1.27 | 1.26 | -1.33 | -2.71 | -7.85 | -0.53 | 2.59 | 1.39 | 1.09 | -1.45 | -0.25 | -4.80 | -1.97 | -8.31 | -5.41 | -0.73 | -0.68 | -1.68 | -0.54 | -2.90 | 1.86 | 0.56 | -5.15 | -3.61 | -11.72 | -0.30 | 5.79 | -0.36 | -2.00 | |
Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.