Black HillsMEX:BKH 75 Pretax Margin % is 19.30% as of Mar. 2026, which is 35% above its 10-year median of 14.30. GuruFocus rates MEX:BKH with a GF Score™ of 75/100 and a GF Value™ of MXN876.49. The stock has 10 warning signs investors should review. Among 499 Utilities - Regulated companies, Black Hills ranks better than 61.52% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Black Hills's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN2,718 Mil. Black Hills's Revenue for the
three
months ended in Mar. 2026 was MXN14,078 Mil. Therefore, Black Hills's pretax margin for the quarter that ended in Mar. 2026 was 19.30%.
The historical rank and industry rank for Black Hills's Pretax Margin % or its related term are showing as below:
MEX:BKH'
s Pretax Margin % Range Over the Past 10 Years
Min: 11.6 Med: 14.3 Max: 16.77
Current: 14.86
MEX:BKH's Pretax Margin % is ranked better than 61.52% of 499
companies
in the Utilities - Regulated industry
Industry Median: 12.06
vs MEX:BKH: 14.86
Black Hills (MEX:BKH) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Black Hills Pretax Margin % Related Terms
Black Hills Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Black Hills's Pretax 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.
MEX:BKH vs NJR, OGS, SWX: Pretax Margin % Comparison
For the Utilities - Regulated Gas subindustry, Black Hills's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Black Hills's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Black Hills's Pretax 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 (MEX:BKH) has a Pretax Margin % of 19.30% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Black Hills and its competitors. This is 35% above median its historical median of 14.30. Over the past decade, Black Hills' Pretax Margin % has ranged from 11.60 to 16.77. According to the industry distribution chart, Black Hills ranks #192 out of 499 companies in the Utilities - Regulated industry, placing it in the top 38.5%.
Is Black Hills' Pretax Margin % too high?
Black Hills' current Pretax Margin % of 19.30% is 35% above median its 10-year median of 14.30. Over the past 10 years, this metric has ranged from a low of 11.60 to a high of 16.77. The Utilities - Regulated industry median Pretax Margin % is 12.06. Black Hills' value of 19.30% is 60% above this industry median. Based on the distribution chart, Black Hills ranks #192 out of 499 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Black Hills has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Black Hills' Pretax Margin % compare to NJR and OGS?
According to the Utilities - Regulated industry distribution chart, Black Hills ranks #192 out of 499 companies for Pretax Margin %. This puts Black Hills in the upper half of its industry. The industry median Pretax Margin % is 12.06. Black Hills' value of 19.30% is 60% above this benchmark. Historically, Black Hills' own Pretax Margin % has ranged from 11.60 to 16.77 over the past decade. While the company's 10-year median is 14.30 vs. the industry median of 12.06, 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 Pretax Margin % for an Utilities - Regulated company?
The median Pretax Margin % among Utilities - Regulated companies is 12.06, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Hills's current Pretax Margin % of 19.30% is 60% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Black Hills and its competitors. For the Utilities - Regulated industry, the median Pretax Margin % is 12.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Hills's current Pretax Margin % is 19.30%, which is 35% above median its own 10-year median of 14.30. 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?
Black Hills (MEX:BKH) has a current Pretax Margin % of 19.30%. The stock's GF Value™ is MXN876.49, compared to a current price of MXN1,089.00 — trading 24.2% above its estimated fair value. The current Pretax Margin % is 19.30%, which is 35% above median its 10-year median of 14.30 and 60% above the Utilities - Regulated industry median of 12.06. Black Hills' overall GF Score™ is 75/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Black Hills (MEX:BKH), the current Pretax Margin % is 19.30% 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 (MEX:BKH) Overvalued in 2026?
Based on GuruFocus' analysis, Black Hills stock appears to be overvalued.
The current stock price of MXN1,089.00 is trading 24.2% above its estimated GF Value™ of MXN876.49.
Key valuation signals for MEX:BKH:
Pretax Margin %: 19.30% (35% above median its 10-year median of 14.30)
GF Value™: MXN876.49 vs. price of MXN1,089.00 (24.2% above fair value)
Industry Position: 60% above the Utilities - Regulated median (#192 of 499)
No single metric tells the full story. See the MEX:BKH 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.
75GF Score
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