Black Hills Corporation
BKH Utilities Utilities Regulated Gas
Black Hills Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 8.57% from fiscal 2024. In the quarter to June 2026, revenue grew 3.14%, EPS grew 31.6%, free cash flow grew 24.1% and total debt rose 3.56%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.
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Black Hills Corporation (BKH) EV/Sales
As of 9 October 2026, Black Hills Corporation (BKH) trades at a EV/Sales of 4.4×. Over the past ten years it has ranged from 2.5× (September 2015) to 5.2× (June 2016); the current reading is higher than 82% of that period. That is above the Utilities Regulated Gas industry median of 3.6× and in line with the Utilities sector median of 4.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 4.3× | 2.10% |
| FY2024 | 4.2× | 21.95% |
| FY2023 | 3.4× | 1.00% |
| FY2022 | 3.4× | (26.30%) |
| FY2021 | 4.6× | 6.40% |
| FY2020 | 4.3× | (4.72%) |
| FY2019 | 4.6× | 25.77% |
| FY2018 | 3.6× | (2.62%) |
| FY2017 | 3.7× | (9.84%) |
| FY2016 | 4.1× | 37.22% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 4.3× | 3.20% |
| Mar 2026 | 4.2× | (1.73%) |
| Dec 2025 | 4.3× | 7.84% |
| Sep 2025 | 4.0× | 7.18% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| CTRI Centuri Holdings, Inc. compare | 0.8× |
| UGI UGI Corporation compare | 2.0× |
| OGS ONE Gas, Inc. compare | 3.1× |
| MDU MDU Resources Group, Inc. compare | 3.5× |
| SR Spire Inc. compare | 4.0× |
| NJR NewJersey Resources Corporation compare | 4.0× |
| BKH Black Hills Corporation | 4.4× |
| CPK Chesapeake Utilities Corporation compare | 4.8× |
| SWX Southwest Gas Corporation compare | 5.4× |
| Utilities Regulated Gas industry median | 3.6× |
| Utilities sector median | 4.4× |
| Market median | 2.2× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)