Black Hills Corporation (BKH)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	273,100	262,200	258,400	236,744	227,608
Revenue	US$ in thousands	2,127,700	2,331,300	2,551,800	1,949,100	1,696,940
Net profit margin		12.84%	11.25%	10.13%	12.15%	13.41%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $273,100K ÷ $2,127,700K
= 12.84%

Black Hills Corporation's net profit margin has shown some fluctuations over the years. In December 2020, the net profit margin was 13.41%, indicating that the company generated $0.1341 in profit for every dollar of revenue. However, by December 2022, the net profit margin decreased to 10.13%, signaling a decline in profitability.

Despite this decrease, there was a rebound in December 2023 with a net profit margin of 11.25%, showing some improvement. This positive trend continued into December 2024, where the net profit margin increased to 12.84%, suggesting an enhancement in profitability.

Overall, Black Hills Corporation's net profit margin has experienced variability, but the recent uptick in the ratio may indicate improving profitability and financial performance. It is important for the company to continue monitoring and managing its expenses and revenue to sustain or further enhance its profitability in the future.