BKH vs. D

Last updated Apr 1, 2026

Compare and contrast key facts about Black Hills Corporation (BKH) and Dominion Energy, Inc. (D).

Performance

BKH vs. D - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Black Hills Corporation (BKH) and Dominion Energy, Inc. (D). The values are adjusted to include any dividend payments, if applicable.

BKH vs. D - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BKH Black Hills Corporation	0.94%	23.93%	13.57%	-19.95%	3.08%	18.86%	-19.05%	28.60%	7.98%	0.81%
D Dominion Energy, Inc.	6.64%	13.96%	20.43%	-19.13%	-19.12%	8.12%	-5.35%	21.50%	-7.59%	9.91%

Fundamentals

Market Cap BKH : $5.23B D : $52.87B
EPS BKH : $3.96 D : $3.51
PE Ratio BKH : 17.51 D : 17.62
PEG Ratio BKH : 10.45 D : 0.95
PS Ratio BKH : 2.21 D : 3.20
PB Ratio BKH : 1.37 D : 1.88
Total Revenue (TTM) BKH : $2.31B D : $16.51B
Gross Profit (TTM) BKH : $888.70M D : $8.09B
EBITDA (TTM) BKH : $826.90M D : $7.77B

Returns By Period

In the year-to-date period, BKH achieves a 0.94% return, which is significantly lower than D's 6.64% return. Over the past 10 years, BKH has outperformed D with an annualized return of 4.99%, while D has yielded a comparatively lower 2.37% annualized return.

BKH

• 1D: 0.42%
• 1M: -5.77%
• YTD: 0.94%
• 6M: 14.89%
• 1Y: 19.34%
• 3Y*: 7.88%
• 5Y*: 4.93%
• 10Y*: 4.99%

D

• 1D: -0.03%
• 1M: -2.09%
• YTD: 6.64%
• 6M: 3.29%
• 1Y: 15.36%
• 3Y*: 8.64%
• 5Y*: 0.37%
• 10Y*: 2.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BKH vs. D — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKH

BKH Risk / Return Rank: 72
BKH Sharpe Ratio Rank: 75
BKH Sortino Ratio Rank: 67
BKH Omega Ratio Rank: 65
BKH Calmar Ratio Rank: 77
BKH Martin Ratio Rank: 77

D

D Risk / Return Rank: 67
D Sharpe Ratio Rank: 69
D Sortino Ratio Rank: 60
D Omega Ratio Rank: 59
D Calmar Ratio Rank: 72
D Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKH vs. D - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Black Hills Corporation (BKH) and Dominion Energy, Inc. (D). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BKH	D	Difference
Sharpe ratio Return per unit of total volatility	0.99	0.76	+0.24
Sortino ratio Return per unit of downside risk	1.42	1.14	+0.28
Omega ratio Gain probability vs. loss probability	1.18	1.15	+0.03
Calmar ratio Return relative to maximum drawdown	1.97	1.50	+0.47
Martin ratio Return relative to average drawdown	4.67	4.76	-0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKH vs. D - Sharpe Ratio Comparison

The current BKH Sharpe Ratio is 0.99, which is higher than the D Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of BKH and D, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BKH	D	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	0.76	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.02	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.10	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.49	-0.05

Correlation

The correlation between BKH and D is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BKH vs. D - Dividend Comparison

BKH's dividend yield for the trailing twelve months is around 3.93%, less than D's 4.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKH Black Hills Corporation	3.93%	3.90%	4.44%	4.63%	3.43%	3.25%	3.53%	2.61%	3.07%	3.01%	2.74%	3.49%
D Dominion Energy, Inc.	4.32%	4.56%	4.96%	5.68%	4.35%	3.21%	4.59%	4.43%	4.67%	3.74%	3.66%	3.83%

Drawdowns

BKH vs. D - Drawdown Comparison

The maximum BKH drawdown since its inception was -65.72%, which is greater than D's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for BKH and D.

Drawdown Indicators

	BKH	D	Difference
Max Drawdown Largest peak-to-trough decline	-65.72%	-52.20%	-13.52%
Max Drawdown (1Y) Largest decline over 1 year	-10.45%	-11.73%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	-36.98%	-52.20%	+15.22%
Max Drawdown (10Y) Largest decline over 10 years	-40.45%	-52.20%	+11.75%
Current Drawdown Current decline from peak	-8.38%	-15.62%	+7.24%
Average Drawdown Average peak-to-trough decline	-16.26%	-9.57%	-6.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.41%	3.71%	+0.70%

Volatility

BKH vs. D - Volatility Comparison

Black Hills Corporation (BKH) has a higher volatility of 6.94% compared to Dominion Energy, Inc. (D) at 4.66%. This indicates that BKH's price experiences larger fluctuations and is considered to be riskier than D based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKH	D	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.94%	4.66%	+2.28%
Volatility (6M) Calculated over the trailing 6-month period	14.83%	12.84%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	19.59%	20.48%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.80%	22.27%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.29%	23.46%	+1.83%

Financials

BKH vs. D - Profitability Comparison

The chart below illustrates the profitability comparison between Black Hills Corporation and Dominion Energy, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BKH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Black Hills Corporation reported a gross profit of 262.10M and revenue of 635.50M. Therefore, the gross margin over that period was 41.2%.

D - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Dominion Energy, Inc. reported a gross profit of 1.84B and revenue of 4.09B. Therefore, the gross margin over that period was 44.9%.

BKH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Black Hills Corporation reported an operating income of 171.40M and revenue of 635.50M, resulting in an operating margin of 27.0%.

D - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Dominion Energy, Inc. reported an operating income of 756.00M and revenue of 4.09B, resulting in an operating margin of 18.5%.

BKH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Black Hills Corporation reported a net income of 104.90M and revenue of 635.50M, resulting in a net margin of 16.5%.

D - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Dominion Energy, Inc. reported a net income of 586.00M and revenue of 4.09B, resulting in a net margin of 14.3%.