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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 $823M
$8.5B
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 (LTM) of $2.2B and a last 12-month EBITDA of $823M.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.2B | XXX | $2.1B | XXX | XXX | XXX |
| Gross Profit | $2.2B | XXX | $840M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 39% | XXX | XXX | XXX |
| EBITDA | $823M | XXX | $785M | XXX | XXX | XXX |
| EBITDA Margin | 38% | XXX | 37% | XXX | XXX | XXX |
| EBIT | $530M | XXX | $503M | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| Net Profit | $284M | XXX | $273M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $4.4B | XXX | XXX | XXX |
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As of May 30, 2025, Black Hills's stock price is $58.
Black Hills has current market cap of $4.2B, and EV of $8.5B.
See Black Hills trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.5B | $4.2B | XXX | XXX | XXX | XXX | $3.99 |
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Start Free TrialAs of May 30, 2025, Black Hills has market cap of $4.2B and EV of $8.5B.
Black Hills's trades at 4.0x EV/Revenue multiple, and 10.9x EV/EBITDA.
Equity research analysts estimate Black Hills's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Black Hills has a P/E ratio of 14.9x.
See valuation multiples for Black Hills and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4.2B | XXX | $4.2B | XXX | XXX | XXX |
| EV (current) | $8.5B | XXX | $8.5B | XXX | XXX | XXX |
| EV/Revenue | 4.0x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBITDA | 10.4x | XXX | 10.9x | XXX | XXX | XXX |
| EV/EBIT | 16.1x | XXX | 17.0x | XXX | XXX | XXX |
| EV/Gross Profit | 4.0x | XXX | n/a | XXX | XXX | XXX |
| P/E | 14.9x | XXX | 15.5x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -343.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialBlack Hills's last 12 month revenue growth is 4%
Black Hills's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.1M for the same period.
Black Hills's rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Black Hills's rule of X is 47% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Black Hills and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 38% | XXX | 37% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | 35% | XXX | 41% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 47% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 16% | 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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Start Free Trial| 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 $4.2B |
| What is the current revenue of Black Hills? | Black Hills's last 12 months revenue is $2.2B. |
| What is the current revenue growth of Black Hills? | Black Hills revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Black Hills? | Current revenue multiple of Black Hills is 4.0x. |
| Is Black Hills profitable? | Yes, Black Hills is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Black Hills? | Black Hills's last 12 months EBITDA is $823M. |
| What is Black Hills's EBITDA margin? | Black Hills's last 12 months EBITDA margin is 38%. |
| What is the current EV/EBITDA multiple of Black Hills? | Current EBITDA multiple of Black Hills is 10.4x. |
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