Black Hills Corporation (BKH)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 503,100 | 472,700 | 455,200 | 409,429 | 428,303 |
| Revenue | US$ in thousands | 2,127,700 | 2,331,300 | 2,551,800 | 1,949,100 | 1,696,940 |
| Operating profit margin | 23.65% | 20.28% | 17.84% | 21.01% | 25.24% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $503,100K ÷ $2,127,700K
= 23.65%
The operating profit margin of Black Hills Corporation has exhibited some fluctuation over the years, as per the provided data. In December 31, 2020, the operating profit margin stood at 25.24%, indicating that the company was able to generate 25.24 cents of operating profit for every dollar of revenue. Subsequently, by December 31, 2021, the margin decreased to 21.01%, suggesting a reduction in the efficiency of the company in controlling its operating expenses relative to its revenue.
Further decline was observed by December 31, 2022, with the operating profit margin dropping to 17.84%. However, there was a slight improvement in the profitability of the company by December 31, 2023, as the operating profit margin increased to 20.28%, indicating a better control over operating costs.
By December 31, 2024, the operating profit margin further improved to 23.65%, suggesting that the company enhanced its operational efficiency in that period. Overall, the trend of the operating profit margin reflects a mix of fluctuations and improvements, highlighting the evolving operational performance of Black Hills Corporation over the years.
Peer comparison
Dec 31, 2024