Company / Free Cash Flow
Black Hills Corporation Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
-$146.4M
FY2025
5-year range
-$742.1M / -$19.6M
FY2021-FY2025
Trend
-488.0%
vs FY2024
Sector context
#31 of 60
Utilities
What the data says
Free Cash Flow changed -488% YoY in FY2025, a notable deviation from the 9-year average annual change of -549%.
Based on SEC 10-K filings.
-$146M in FY2025.
Improved from -$742M to -$146M over the past 2 years.
Utilities sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
#31 of 60 in UtilitiesTop 52% of 60This company -$146.4M Sector average -$543.6M
▼
+73.1% above sector average
Key checks
Key Insights
- In FY2025, free cash flow decreased 488.0% year-over-year.
- Ranks #31 out of 60 companies in the Utilities sector.
- Peak free cash flow was recorded in FY2017.
- Lowest free cash flow 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 | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$146.4M | -488.0% |
| FY2024 | -$24.9M | +96.6% |
| FY2023 | -$742.1M | -3686.2% |
| FY2022 | -$19.6M | +93.7% |
| FY2021 | -$312.9M | -1100.0% |
| FY2020 | $31.3M | -69.4% |
| FY2019 | $102.3M | +176.0% |
| FY2018 | -$134.5M | -185.1% |
| FY2017 | $158.0M | +217.5% |
| FY2016 | -$134.5M | -185.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026