Black Hills (BKH) Financials

$70.61

$-0.71 (-1.00%)

As on 18-Sep-2026 13:41EDT

Market cap

$5,372 Mln

Revenue (TTM)

$2,299 Mln

P/E Ratio

18

P/B Ratio

1.4

Div. Yield

3.9 %

Annual
Quarterly

Income Statement ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Operating Revenue	2,299.20	2,310.00	2,127.70	2,331.30	2,551.80	1,949.10
Cost of Revenue	1,312.40	1,421.30	1,287.30	1,534.90	1,779.00	1,243.60
Gross Profit	986.80	888.70	840.40	796.40	772.80	705.50
Operating Expenses	439.80	351.20	337.30	323.70	317.60	296.10
Operating Profit (EBIT)	547.00	537.50	503.10	472.70	455.20	409.40
Other Income	--	--	--	--	3.30	3.11
Profit before Tax	352.00	343.50	320.00	301.60	296.00	258.40
Provision for Tax	44.00	43.70	36.30	25.60	25.20	7.20
Profit after Tax (Net Income)	299.00	291.60	273.10	262.20	258.40	236.70
Minority Interest	-9.00	-8.20	-10.60	-13.75	-12.40	-14.50
Consolidated Profit	129.90	291.60	273.10	262.20	258.40	236.70

Liabilities ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Shareholder's Funds	3,943.40	3,823.60	3,501.50	3,215.30	2,994.90	2,787.09
Minority Interest	-9.00	--	--	--	94.98	100.03
Non-Current Liabilities	5,589.20	6,224.10	5,674.00	5,129.50	4,861.60	5,343.06
Current Liabilities	1,425.20	740.00	763.40	1,185.10	1,666.70	901.71
Total Liabilities	12,463.30	10,869.80	10,022.60	9,620.40	9,618.20	9,131.90

Assets ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Non-Current Assets	10,293.00	9,873.90	9,280.30	8,793.80	8,546.40	8,323.76
Current Assets	745.10	995.90	742.30	826.60	1,071.70	808.13
Total Assets	12,463.30	10,869.80	10,022.60	9,620.40	9,618.20	9,131.90
Total Debt*	4,493.90	4,701.10	4,384.00	4,401.20	4,667.90	4,547.10
Net Current Assets	-680.10	255.90	-21.10	-358.50	-594.98	-93.58

Cashflow ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Cash From Operating Activities	--	673.40	719.30	944.40	584.80	-64.57
Cash Flow from Investing Activities	--	-828.20	-746.00	-536.70	-603.88	-664.23
Cash from Financing Activities	--	321.80	-42.90	-341.70	32.25	731.87
Net Cash Inflow / Outflow	--	--	--	--	13.18	3.07

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Adjusted EPS ($)	3.97	3.87	3.81	3.86	3.95	3.69
Cash EPS ($)	3.92	7.63	7.59	7.58	7.78	7.37
Adjusted Book Value ($)	51.71	50.71	48.90	47.28	45.77	43.46
Dividend per Share ($)	3.87	--	--	--	--	--
Cash Flow per Share ($)	--	8.93	10.05	13.89	8.94	-1.01
Free Cash Flow per Share ($)	--	-1.94	-0.35	5.72	-0.30	-11.57

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
ROCE (%)	--	3.55	3.52	3.43	3.45	3.46
ROE (%)	7.47	7.96	8.13	8.44	8.94	8.85
ROA (%)	2.54	2.79	2.78	2.73	2.76	2.75
EBIT Margin (%)	5.53	23.53	24.21	20.66	17.97	21.16
Net Margin (%)	13.00	12.62	12.84	11.25	10.11	12.12
Cash Profit Margin (%)	--	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Revenue Growth (%)	2.51	0.09	-0.09	-0.09	0.31	0.15
EBIT Growth (%)	-76.17	5.51	6.98	5.02	11.18	-1.93
Net Profit Growth (%)	5.11	6.77	4.16	1.47	9.17	3.99
EPS Growth (%)	0.04	0.01	-0.01	-0.02	0.07	0.02
Book Value Growth (%)	3.18	--	--	--	--	--

Valuation Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Price / Earnings	17.97	17.95	15.34	13.99	17.81	19.12
Price / Book Value	1.38	1.37	1.20	1.14	1.54	1.62
Dividend Yield (%)	3.87	--	--	--	--	--
EV/EBITDA	11.49	11.79	10.90	10.81	13.04	13.98
Close Price ($)	74.40	69.42	58.52	53.95	70.34	70.57
High Price ($)	78.69	74.02	65.58	73.98	80.95	72.78
Low Price ($)	55.79	54.92	49.34	46.43	59.08	58.22
Market Cap ($ Cr)	5,372.03	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debt to Equity	1.01	1.23	1.25	1.37	1.56	1.63
Short term debt to equity ratio	0.13	--	0.04	0.19	0.35	0.15
Current Ratio	0.52	1.35	0.97	0.70	0.64	0.90
Quick Ratio	0.41	1.11	0.77	0.56	0.52	0.73
Interest Coverage	2.69	2.63	2.64	2.68	2.82	2.68

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debtors to sales (%)	13.33	17.85	17.44	15.82	20.61	17.43
Asset Turnover	0.20	0.22	0.22	0.24	0.27	0.23
Receivable days	--	61.93	63.50	70.08	61.94	58.57
Inventory Days	--	41.93	44.66	43.82	36.79	39.41
Payable days	--	69.49	58.95	59.06	54.18	58.90
Cash Conversion Cycle	--	34.37	49.21	54.84	44.55	39.08

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.