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Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities and Gas Utilities segment. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from gas utilities.
1941
2.8K+
LTM Revenue $2.2B
LTM EBITDA $831M
$8.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Black Hills has a last 12-month revenue of $2.2B and a last 12-month EBITDA of $831M.
In the most recent fiscal year, Black Hills achieved revenue of $2.1B and an EBITDA of $785M.
Black Hills expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Black Hills valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.1B | XXX | XXX | XXX |
| Gross Profit | $773M | $796M | XXX | XXX | XXX |
| Gross Margin | 33% | 37% | XXX | XXX | XXX |
| EBITDA | $738M | $785M | XXX | XXX | XXX |
| EBITDA Margin | 32% | 37% | XXX | XXX | XXX |
| Net Profit | $258M | $262M | XXX | XXX | XXX |
| Net Margin | 11% | 12% | XXX | XXX | XXX |
| Net Debt | $4.6B | $4.3B | XXX | XXX | XXX |
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As of April 15, 2025, Black Hills's stock price is $60.
Black Hills has current market cap of $4.3B, and EV of $8.7B.
See Black Hills trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.7B | $4.3B | XXX | XXX | XXX | XXX | $3.97 |
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Sign UpAs of April 15, 2025, Black Hills has market cap of $4.3B and EV of $8.7B.
Black Hills's trades at 4.0x LTM EV/Revenue multiple, and 10.5x LTM EBITDA.
Analysts estimate Black Hills's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Black Hills and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $8.7B | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | XXX | XXX |
| EV/EBITDA | 11.1x | XXX | XXX | XXX |
| P/E | 15.8x | XXX | XXX | XXX |
| P/E/Growth | 1.6x | XXX | XXX | XXX |
| EV/FCF | -348.7x | XXX | XXX | XXX |
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Sign UpBlack Hills's NTM/LTM revenue growth is 7%
Black Hills's revenue per employee for the last fiscal year averaged $0.7M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Black Hills's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Black Hills's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Black Hills and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -9% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 44% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.7M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 16% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| New Sources Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Black Hills acquired XXX companies to date.
Last acquisition by Black Hills was XXXXXXXX, XXXXX XXXXX XXXXXX . Black Hills acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Black Hills founded? | Black Hills was founded in 1941. |
| Where is Black Hills headquartered? | Black Hills is headquartered in United States of America. |
| How many employees does Black Hills have? | As of today, Black Hills has 2.8K+ employees. |
| Who is the CEO of Black Hills? | Black Hills's CEO is Mr. Linden R. Evans. |
| Is Black Hills publicy listed? | Yes, Black Hills is a public company listed on NYS. |
| What is the stock symbol of Black Hills? | Black Hills trades under BKH ticker. |
| When did Black Hills go public? | Black Hills went public in 1980. |
| Who are competitors of Black Hills? | Similar companies to Black Hills include e.g. TAQA, New Sources Energy, AGL Energy, APA Group. |
| What is the current market cap of Black Hills? | Black Hills's current market cap is $4.3B |
| What is the current revenue of Black Hills? | Black Hills's last 12-month revenue is $2.2B. |
| What is the current EBITDA of Black Hills? | Black Hills's last 12-month EBITDA is $831M. |
| What is the current EV/Revenue multiple of Black Hills? | Current revenue multiple of Black Hills is 4.0x. |
| What is the current EV/EBITDA multiple of Black Hills? | Current EBITDA multiple of Black Hills is 10.5x. |
| What is the current revenue growth of Black Hills? | Black Hills revenue growth between 2023 and 2024 was -9%. |
| Is Black Hills profitable? | Yes, Black Hills is EBITDA-positive (as of the last 12 months). |
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