Black Hills Corporation Cash Flow Quality Index
Black Hills Corporation 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 debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Black Hills Corporation (1994–2025)
Cash flow quality index of Black Hills Corporation from 1994 to 2025. Historical Cash Flow Quality Index for Black Hills Corporation across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. See Black Hills Corporation net asset quality index to measure how much of total assets are equity-financed.
Black Hills Corporation Cash Flow Quality Index by Year (1994–2025)
Black Hills Corporation cash flow quality index by year from 1994 to 2025. Year-by-year earnings quality comparison for Black Hills Corporation. For the full cash flow conversion analysis, see BKH cash flow conversion.
| 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 | — |