Company / Shareholders' Equity
Black Hills Corporation Shareholders' Equity History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Shareholders' Equity
$3.8B
FY2025
5-year range
$2.8B / $3.8B
FY2021-FY2025
Trend
+9.2%
vs FY2024
Sector context
#40 of 69
Utilities
What the data says
At $3.8B, Black Hills Corporation's shareholders' equity ranks #40 of 69 in the Utilities sector. Shareholders' Equity has increased for 9 consecutive years, from $1.6B in FY2016 to $3.8B in FY2025.
Based on SEC 10-K filings.
$3.8B in FY2025 with a 5-year CAGR of +8.3%.
Improved from $3.2B to $3.8B over the past 2 years.
Utilities sector context is included.
Shareholders' Equity over time
Growth rates
- 3-Year CAGR
- +8.5%
- 5-Year CAGR
- +8.3%
- 10-Year CAGR
- -
Sector benchmark
#40 of 69 in UtilitiesTop 58% of 69This company $3.8B Sector average $10.7B
▼
-64.3% below sector average
Key checks
Key Insights
- Black Hills Corporation's shareholders' equity has grown for 9 consecutive years.
- 5-year CAGR of +8.3%, indicating consistent growth.
- In FY2025, shareholders' equity increased 9.2% year-over-year.
- Ranks #40 out of 69 companies in the Utilities sector.
Company context
Key Data Points
- Altman Z-Score 0.72 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Shareholders' EquityValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $3.8B | +9.2% |
| FY2024 | $3.5B | +8.9% |
| FY2023 | $3.2B | +7.4% |
| FY2022 | $3.0B | +7.5% |
| FY2021 | $2.8B | +8.8% |
| FY2020 | $2.6B | +8.4% |
| FY2019 | $2.4B | +8.3% |
| FY2018 | $2.2B | +27.7% |
| FY2017 | $1.7B | +5.8% |
| FY2016 | $1.6B | +10.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026