Black Hills annual gross margin
2009
2010
2011
2012
2022
2023
2024
2025
Black Hills Gross Margin Growth & History (BKH)
Black Hills's gross margin was 38.87% for fiscal 2025.
View full Black Hills company overviewBlack Hills annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 38.87% | −1.18 pp |
| 2024 | 2024-12-31 | 40.06% | +5.46 pp |
| 2023 | 2023-12-31 | 34.60% | +4.21 pp |
| 2022 | 2022-12-31 | 30.39% | — |
| 2012 | 2012-12-31 | 65.32% | +10.52 pp |
| 2011 | 2011-12-31 | 54.80% | +4.87 pp |
| 2010 | 2010-12-31 | 49.93% | +2.40 pp |
| 2009 | 2009-12-31 | 47.53% | — |
Black Hills quarterly gross margin
Q3.19
Q3.20
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 42.85% | +4.43 pp |
| Q1 2026 | 2026-03-31 | 38.69% | — |
| Q4 2025 | 2025-12-31 | 42.09% | — |
| Q3 2025 | 2025-09-30 | 39.17% | — |
| Q2 2025 | 2025-06-30 | 38.42% | — |
| Q3 2020 | 2020-09-30 | 79.18% | +1.90 pp |
| Q3 2019 | 2019-09-30 | 77.28% | — |
Black Hills gross margin trends
Between the periods ended 2009-12-31 and 2025-12-31, Black Hills's gross margin decreased from 47.53% to 38.87%, a change of −8.66 percentage points. The latest reported quarter, Q2 2026, shows 42.85%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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