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Black Hills BKH Free cash flow margin

Free cash flow margin at other companies

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-16.3%
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-1.8%
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27.8%+4.7pp
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31.5%+1.6pp

Other financials

Income statement

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Revenue$780.7M-3.0%
Operating income$201.9M-1.5%
Net income$131.0M-2.5%
EPS (diluted)$1.73-7.5%

Balance sheet

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Cash & equivalents$23.6M+258%
Total debt$4.2B+5.8%
Total equity$3.9B+8.5%
Total assets$10.8B+7.5%

Cash flow

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Operating cash flow$176.2M-22.7%
CapEx$267.4M+74.9%
Free cash flow-$91.2M-222%

Valuation

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Market cap$5.54B+20.7%
Enterprise value$9.76B+13.4%
P/E19.2×+2.8×
P/S2.4×+0.3×

Profitability

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Operating margin23.4%+0.1pp
Net margin12.6%-0.1pp

Returns & leverage

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Return on equity7.6%-0.4pp
Debt / equity1.1×0.0×
Current ratio0.6×-0.1×

Where this comes from

Calculated from Black Hills’s reported figures.

Based on trailing twelve months.

The official record: Black Hills’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Black Hills's free cash flow margin?
Black Hills (BKH) reported free cash flow margin of -13.7% in Q1 2026.
How has Black Hills's free cash flow margin changed year-over-year?
Black Hills's free cash flow margin decreased by 4090.6% year-over-year, from -0.3% to -13.7%.
What is the long-term trend for Black Hills's free cash flow margin?
Over 5 years (2020 to 2025), Black Hills's free cash flow margin has grown at a -13.8% compound annual growth rate (CAGR), from -13.3% to -6.3%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.