FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Black Hills's Free Cash Flow for the
three
months ended in Mar. 2026 was €-79 Mil. Black Hills's Revenue for the
three
months ended in Mar. 2026 was €675 Mil. Therefore, Black Hills's FCF Margin % for the quarter that ended in Mar. 2026 was -11.68%.
The historical rank and industry rank for Black Hills's FCF Margin % or its related term are showing as below:
STU:BHI'
s FCF Margin % Range Over the Past 10 Years
Min: -38.07 Med: -3.76 Max: 16.68
Current: -13.64
During the past 13 years, the highest FCF Margin % of Black Hills was 16.68%. The lowest was -38.07%. And the median was -3.76%.
STU:BHI's FCF Margin % is ranked worse than 81.16% of 499
companies
in the Utilities - Regulated industry
Industry Median: 2.41
vs STU:BHI: -13.64
Black Hills FCF Margin % Related Terms
Black Hills FCF Margin % Historical Data
* Premium members only.
The historical data trend for Black Hills's FCF 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.
For the Utilities - Regulated Gas subindustry, Black Hills's FCF Margin %, along with its competitors' market caps and FCF 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 FCF Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Black Hills's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Black Hills's FCF 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 FCF Margin % of -11.68% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Black Hills and its competitors. According to the industry distribution chart, Black Hills ranks #405 out of 499 companies in the Utilities - Regulated industry, placing it in the top 81.2%.
Is Black Hills' FCF Margin % too high?
Black Hills' current FCF Margin % is -11.68%. Based on the distribution chart, Black Hills ranks #405 out of 499 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Black Hills has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Black Hills' FCF Margin % compare to NJR and OGS?
According to the Utilities - Regulated industry distribution chart, Black Hills ranks #405 out of 499 companies for FCF Margin %. This places Black Hills in the lower half of its industry. The industry median FCF Margin % is 2.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Utilities - Regulated company?
The median FCF Margin % among Utilities - Regulated companies is 2.41, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Black Hills and its competitors. For the Utilities - Regulated industry, the median FCF Margin % is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Hills's current FCF Margin % is -11.68%. 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 €50.64, compared to a current price of €64.85 — trading 28.1% above its estimated fair value. The current FCF Margin % is -11.68%. Black Hills' overall GF Score™ is 71/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Black Hills (STU:BHI), the current FCF Margin % is -11.68% 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 €64.85 is trading 28.1% above its estimated GF Value™ of €50.64.
GuruFocus considers Black Hills to be Modestly Overvalued.
Key valuation signals for STU:BHI:
FCF Margin %: -11.68%
GF Value™: €50.64 vs. price of €64.85 (28.1% above fair value)
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.
71GF Score
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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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