Black Hills Corporation (BKH) — Cash Flow Quality Index
Black Hills Corporation (BKH) has a Cash Flow Quality Index of 1.35x as of March 2026. Operating cash flow of $176.20 Million exceeds net income of $131.00 Million, indicating high earnings quality where cash backs reported profits. Explore Black Hills Corporation (BKH) cash flow conversion to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Black Hills Corporation Cash Flow Quality Index (1994–2025)
Historical Cash Flow Quality Index for Black Hills Corporation across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Black Hills Corporation (BKH) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Black Hills Corporation (1994–2025)
Year-by-year earnings quality comparison for Black Hills Corporation. For live market cap and the full company financial profile, see BKH company net worth.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.25x | $673.40 Million | $299.80 Million | ▼ -11.4% |
| 2024 | 2.54x | $719.30 Million | $283.70 Million | ▼ -29.6% |
| 2023 | 3.60x | $944.40 Million | $262.20 Million | ▲ +66.8% |
| 2022 | 2.16x | $584.80 Million | $270.76 Million | ▲ +940.5% |
| 2021 | -0.26x | $-64.56 Million | $251.26 Million | ▼ -111.5% |
| 2020 | 2.23x | $541.86 Million | $242.76 Million | ▼ -5.8% |
| 2019 | 2.37x | $505.51 Million | $213.32 Million | ▲ +35.5% |
| 2018 | 1.75x | $488.81 Million | $279.55 Million | ▼ -14.9% |
| 2017 | 2.06x | $428.26 Million | $208.38 Million | ▼ -47.0% |
| 2016 | 3.88x | $320.46 Million | $82.63 Million | ▲ +54.4% |
| 2014 | 2.51x | $323.46 Million | $128.78 Million | ▼ -10.4% |
| 2013 | 2.80x | $324.63 Million | $115.85 Million | ▼ -21.8% |
| 2012 | 3.58x | $316.97 Million | $88.50 Million | ▼ -35.4% |
| 2011 | 5.54x | $223.70 Million | $40.37 Million | ▲ +157.6% |
| 2010 | 2.15x | $147.75 Million | $68.69 Million | ▼ -37.4% |
| 2009 | 3.43x | $270.50 Million | $78.76 Million | ▲ +147.8% |
| 2008 | 1.39x | $145.64 Million | $105.08 Million | ▼ -45.7% |
| 2007 | 2.55x | $252.08 Million | $98.77 Million | ▼ -20.4% |
| 2006 | 3.21x | $259.69 Million | $81.02 Million | ▼ -34.4% |
| 2005 | 4.89x | $174.85 Million | $35.76 Million | ▲ +106.2% |
| 2004 | 2.37x | $136.68 Million | $57.65 Million | ▼ -15.3% |
| 2003 | 2.80x | $170.57 Million | $60.96 Million | ▼ -21.7% |
| 2002 | 3.57x | $218.77 Million | $61.23 Million | ▲ +76.3% |
| 2001 | 2.03x | $177.40 Million | $87.55 Million | ▲ +43.8% |
| 2000 | 1.41x | $74.47 Million | $52.85 Million | ▼ -30.9% |
| 1999 | 2.04x | $75.70 Million | $37.10 Million | ▼ -3.8% |
| 1998 | 2.12x | $54.70 Million | $25.80 Million | ▲ +22.7% |
| 1997 | 1.73x | $56.00 Million | $32.40 Million | ▼ -5.5% |
| 1996 | 1.83x | $55.40 Million | $30.30 Million | ▲ +3.3% |
| 1995 | 1.77x | $45.30 Million | $25.60 Million | ▼ -13.9% |
| 1994 | 2.05x | $48.90 Million | $23.80 Million | — |