Black Hills Corporation (BKH)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	262,200	258,400	236,744	227,608	199,310
Revenue	US$ in thousands	2,331,300	2,551,800	1,949,100	1,696,940	1,734,900
Net profit margin		11.25%	10.13%	12.15%	13.41%	11.49%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $262,200K ÷ $2,331,300K
= 11.25%

Black Hills Corporation's net profit margin has shown some fluctuations over the past five years. In 2023, the net profit margin stood at 11.25%, representing a slight increase from the previous year's 10.13%. However, it was lower compared to the margins reported in 2021 and 2020, which were 12.15% and 13.41% respectively. The net profit margin in 2019 was slightly lower at 11.49%. Overall, the company has demonstrated a relatively stable performance in terms of generating profits in relation to its revenue, with fluctuations likely influenced by various factors such as operating expenses, revenue growth, and changes in the business environment.