Black Hills Corporation (BKH)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	262,200	254,993	244,583	254,945	258,387	257,069	266,208	257,954	236,744	242,774	234,945	230,750	227,608	219,602	195,059	188,676	199,310	216,702	221,912	229,246
Revenue (ttm)	US$ in thousands	2,331,300	2,531,007	2,586,493	2,649,405	2,551,816	2,322,885	2,240,863	2,139,240	1,949,102	1,872,981	1,838,981	1,793,323	1,696,941	1,688,208	1,667,166	1,674,140	1,734,900	1,758,442	1,754,873	1,776,689
Net profit margin		11.25%	10.07%	9.46%	9.62%	10.13%	11.07%	11.88%	12.06%	12.15%	12.96%	12.78%	12.87%	13.41%	13.01%	11.70%	11.27%	11.49%	12.32%	12.65%	12.90%

December 31, 2023 calculation

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

The net profit margin of Black Hills Corporation has shown a fluctuating trend over the past eight quarters. The margin ranged from a high of 12.06% in Q1 2022 to a low of 9.46% in Q2 2023. Despite the variations, the company has generally maintained a healthy level of profitability, with most quarters indicating double-digit margins. It is important to closely monitor this metric to understand the company's ability to generate profits relative to its revenue and cost structure.