Company / Revenue
Black Hills Corporation Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Revenue
$2.3B
FY2025
5-year range
$1.7B / $2.6B
FY2021-FY2025
Trend
+8.6%
vs FY2024
Sector context
#43 of 64
Utilities
What the data says
At $2.3B, Black Hills Corporation's revenue ranks #43 of 64 in the Utilities sector. Revenue has fluctuated over the past 10 years, ranging from $1.3B in FY2017 to $2.6B in FY2022.
Based on SEC 10-K filings.
$2.3B in FY2025 with a 5-year CAGR of +5.7%.
Improved from $1.9B to $2.3B over the past 2 years.
Utilities sector context is included.
Revenue over time
Growth rates
- 3-Year CAGR
- -3.3%
- 5-Year CAGR
- +5.7%
- 10-Year CAGR
- -
Sector benchmark
#43 of 64 in UtilitiesTop 67% of 64This company $2.3B Sector average $9.7B
▼
-76.1% below sector average
Key checks
Key Insights
- 5-year CAGR of +5.7%, indicating consistent growth.
- In FY2025, revenue increased 8.6% year-over-year.
- Ranks #43 out of 64 companies in the Utilities sector.
- Peak revenue was recorded in FY2022.
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 | RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.3B | +8.6% |
| FY2024 | $2.1B | +9.2% |
| FY2023 | $1.9B | -23.6% |
| FY2022 | $2.6B | +47.1% |
| FY2021 | $1.7B | -1.1% |
| FY2020 | $1.8B | +4.4% |
| FY2019 | $1.7B | +9.2% |
| FY2018 | $1.5B | +22.0% |
| FY2017 | $1.3B | -18.0% |
| FY2016 | $1.5B | +22.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026