Company / Operating Income
Black Hills Corporation Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$537.5M
FY2025
5-year range
$406.0M / $537.5M
FY2021-FY2025
Trend
+6.8%
vs FY2024
Sector context
#41 of 71
Utilities
What the data says
At $538M, Black Hills Corporation's operating income ranks #41 of 71 in the Utilities sector. Operating Income has fluctuated over the past 10 years, ranging from $300M in FY2017 to $538M in FY2025.
Based on SEC 10-K filings.
$538M in FY2025 with a 5-year CAGR of +6.2%.
Improved from $409M to $538M over the past 2 years.
Utilities sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +5.7%
- 5-Year CAGR
- +6.2%
- 10-Year CAGR
- -
Sector benchmark
#41 of 71 in UtilitiesTop 58% of 71This company $537.5M Sector average $2.0B
▼
-72.7% below sector average
Key checks
Key Insights
- 5-year CAGR of +6.2%, indicating consistent growth.
- In FY2025, operating income increased 6.8% year-over-year.
- Ranks #41 out of 71 companies in the Utilities sector.
- Lowest operating income in the period was in FY2017.
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 | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $537.5M | +6.8% |
| FY2024 | $503.1M | +22.9% |
| FY2023 | $409.4M | -10.1% |
| FY2022 | $455.2M | +12.1% |
| FY2021 | $406.0M | +2.3% |
| FY2020 | $397.0M | -4.7% |
| FY2019 | $416.7M | +24.0% |
| FY2018 | $336.2M | +11.9% |
| FY2017 | $300.4M | -10.6% |
| FY2016 | $336.2M | +11.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026