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.

Revenue
+3.14%
EPS
+33.8%
Free cash flow
+24.1%
Total debt
+3.56%

Quarter to June 2026, against a year earlier

82.63 0.62 +0.76%
Market cap
$6.3B
P/E
20.1×
Fwd P/E
19.0×
Dividend yield
3.37%
F-score
6/9
Altman Z
1.01
Beneish M
−2.55
Dividend safety
39/100

Black Hills Corporation (BKH) EV/Sales

Alert me on EV/Sales

As of 2 November 2026, Black Hills Corporation (BKH) trades at a EV/Sales of 4.6×. Over the past ten years it has ranged from 2.5× (September 2015) to 5.2× (June 2016); the current reading is higher than 93% of that period. That is above the Utilities Regulated Gas industry median of 3.9× and above 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

Against its own ten years

Low 2.5× High 5.2×
Ten-year median 4.1×
Current reading's percentile 92

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 3.3×
MDU MDU Resources Group, Inc. compare 3.7×
NJR NewJersey Resources Corporation compare 4.1×
SR Spire Inc. compare 4.4×
BKH Black Hills Corporation 4.6×
CPK Chesapeake Utilities Corporation compare 5.1×
SWX Southwest Gas Corporation compare 5.8×
Utilities Regulated Gas industry median 3.9×
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)

The full definition of EV/Sales →

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