Financials in USD. Standardized financial statements.
A compact view of how Black Hills Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.31B | $2.13B | $2.33B | $2.55B | $1.95B | $1.70B | $1.73B | $1.75B | $1.68B | $1.54B |
| Revenue Growth? | +8.6% | -8.7% | -8.6% | +30.9% | +14.9% | -2.2% | -1.1% | +4.4% | +9.2% | 0.0% |
| Cost of Revenue? | $1.42B | $1.29B | $1.53B | $1.78B | $1.24B | $987.81M | $1.07B | $1.11B | $1.02B | $925.74M |
| Gross Profit? | $888.70M | $840.40M | $796.40M | $772.80M | $705.50M | $709.13M | $668.08M | $646.95M | $662.37M | $613.18M |
| Gross Margin? | +38.5% | +39.5% | +34.2% | +30.3% | +36.2% | +41.8% | +38.5% | +36.9% | +39.4% | +39.8% |
| Operating Expenses? | $351.20M | $337.30M | $323.70M | $317.60M | $296.10M | $280.83M | $262.04M | $249.91M | $245.64M | $277.00M |
| Operating Income? | $537.50M | $503.10M | $472.70M | $455.20M | $409.40M | $428.30M | $406.04M | $397.04M | $416.74M | $336.18M |
| EBITDA? | $827.40M | $785.30M | $738.40M | $709.50M | $648.50M | $645.07M | $591.31M | $593.83M | $608.11M | $517.54M |
| Income Before Tax | $343.50M | $320.00M | $301.60M | $296.00M | $258.40M | $275.68M | $242.90M | $255.88M | $281.74M | $205.89M |
| Income Tax Expense | $43.70M | $36.30M | $25.60M | $25.20M | $7.20M | $32.92M | $29.58M | -$23.67M | $73.37M | $59.10M |
| Net Income? | $291.60M | $273.10M | $262.20M | $258.40M | $236.70M | $227.61M | $199.31M | $258.44M | $177.03M | $72.97M |
| EPS? | $3.99 | $3.91 | $3.91 | $3.98 | $3.74 | $3.65 | $3.29 | $4.75 | $3.46 | $1.41 |
| Diluted EPS? | $3.98 | $3.91 | $3.91 | $3.97 | $3.74 | $3.65 | $3.28 | $4.66 | $3.34 | $1.37 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality