Company / FCF Margin
Black Hills Corporation FCF Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest FCF Margin
-6.3%
FY2025
5-year range
-38.1% / -0.8%
FY2021-FY2025
Trend
-441.9%
vs FY2024
Sector context
#26 of 51
Utilities
What the data says
FCF Margin changed -442% YoY in FY2025, a notable deviation from the 9-year average annual change of -670%.
Based on SEC 10-K filings.
-6.3% in FY2025 with a 5-year CAGR of -8.1%.
Improved from -38.1% to -6.3% over the past 2 years.
Utilities sector context is included.
FCF Margin over time
Growth rates
- 3-Year Change
- -5.6pp
- 5-Year Change
- -8.1pp
- 10-Year Change
- -
Sector benchmark
#26 of 51 in UtilitiesTop 51% of 51This company -6.3% Sector average -5.9%
▼
-8.1% below sector average
Key checks
Key Insights
- In FY2025, fcf margin decreased 441.9% year-over-year.
- Currently 0.5pp below the Utilities sector average.
- Peak fcf margin was recorded in FY2017.
- Lowest fcf margin in the period was in FY2023.
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 | FCF MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -6.3% | -441.9% |
| FY2024 | -1.2% | +96.9% |
| FY2023 | -38.1% | -4844.2% |
| FY2022 | -0.8% | +95.7% |
| FY2021 | -18.0% | -1112.9% |
| FY2020 | 1.8% | -70.8% |
| FY2019 | 6.1% | +169.7% |
| FY2018 | -8.7% | -169.8% |
| FY2017 | 12.5% | +243.4% |
| FY2016 | -8.7% | -169.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026