Black HillsSTU:BHI -1.28%73 EBITDA Margin % is 35.53% as of Mar. 2026, which is 5% above its 10-year median of 33.97. GuruFocus rates STU:BHI with a GF Score™ of 73/100 and a GF Value™ of €51.35 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 501 Utilities - Regulated companies, Black Hills ranks better than 69.46% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Black Hills's EBITDA for the
three
months ended in Mar. 2026 was €240 Mil. Black Hills's Revenue for the
three
months ended in Mar. 2026 was €675 Mil. Therefore, Black Hills's EBITDA margin for the quarter that ended in Mar. 2026 was 35.53%.
Black Hills (STU:BHI) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Black Hills EBITDA Margin % Related Terms
Black Hills EBITDA Margin % Historical Data
* Premium members only.
The historical data trend for Black Hills's EBITDA Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:BHI vs NJR, OGS, SWX: EBITDA Margin % Comparison
For the Utilities - Regulated Gas subindustry, Black Hills's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Black Hills EBITDA Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Black Hills's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Black Hills's EBITDA Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Black Hills (STU:BHI) has a EBITDA Margin % of 35.53% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Black Hills and its competitors. This is near median its historical median of 33.97. Over the past decade, Black Hills' EBITDA Margin % has ranged from 27.80 to 38.01. According to the industry distribution chart, Black Hills ranks #153 out of 501 companies in the Utilities - Regulated industry, placing it in the top 30.5%.
Is Black Hills' EBITDA Margin % too high?
Black Hills' current EBITDA Margin % of 35.53% is near median its 10-year median of 33.97. Over the past 10 years, this metric has ranged from a low of 27.80 to a high of 38.01. The Utilities - Regulated industry median EBITDA Margin % is 23.62. Black Hills' value of 35.53% is 50.4% above this industry median. Based on the distribution chart, Black Hills ranks #153 out of 501 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Black Hills has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Black Hills' EBITDA Margin % compare to NJR and OGS?
According to the Utilities - Regulated industry distribution chart, Black Hills ranks #153 out of 501 companies for EBITDA Margin %. This puts Black Hills in the upper half of its industry. The industry median EBITDA Margin % is 23.62. Black Hills' value of 35.53% is 50.4% above this benchmark. Historically, Black Hills' own EBITDA Margin % has ranged from 27.80 to 38.01 over the past decade. While the company's 10-year median is 33.97 vs. the industry median of 23.62, Black Hills has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for an Utilities - Regulated company?
The median EBITDA Margin % among Utilities - Regulated companies is 23.62, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Hills's current EBITDA Margin % of 35.53% is 50.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Black Hills and its competitors. For the Utilities - Regulated industry, the median EBITDA Margin % is 23.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Hills's current EBITDA Margin % is 35.53%, which is near median its own 10-year median of 33.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Hills stock overvalued right now?
Based on GuruFocus' analysis, Black Hills (STU:BHI) is currently considered Modestly Overvalued. The stock's GF Value™ is €51.35, compared to a current price of €65.75 — trading 28% above its estimated fair value. The current EBITDA Margin % is 35.53%, which is near median its 10-year median of 33.97 and 50.4% above the Utilities - Regulated industry median of 23.62. Black Hills' overall GF Score™ is 73/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Black Hills (STU:BHI), the current EBITDA Margin % is 35.53% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Black Hills (STU:BHI) Overvalued in 2026?
Based on GuruFocus' analysis, Black Hills stock appears to be overvalued.
The current stock price of €65.75 is trading 28% above its estimated GF Value™ of €51.35.
GuruFocus considers Black Hills to be Modestly Overvalued.
Key valuation signals for STU:BHI:
EBITDA Margin %: 35.53% (near median its 10-year median of 33.97)
GF Value™: €51.35 vs. price of €65.75 (28% above fair value)
Industry Position: 50.4% above the Utilities - Regulated median (#153 of 501)
No single metric tells the full story. See the STU:BHI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities and Gas Utilities segment. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from gas utilities.
73GF Score
Get the complete analysis for STU:BHI
EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:BHI has been successfully added to your 
