Black Hills (BKH) vs TXNM Energy (TXNM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Black Hills (BKH) has outperformed TXNM Energy (TXNM) over the past year, gaining 23.9% versus a gain of 3.0%. Over five years, TXNM leads with a +17.9% price change compared with +17.5% for BKH. TXNM Energy is the larger company by market cap ($6.44 billion vs $5.78 billion), about 1.1 times the size.
On valuation, Black Hills trades at a lower forward P/E (16.4x vs 18.0x for TXNM Energy). Black Hills offers the higher dividend yield (3.64% vs 2.86%). Black Hills converts more of its revenue into profit, with a net margin of 12.6% versus 7.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BKH | TXNM |
|---|---|---|
| Share price | $75.84 | $58.51 |
| Market cap | $5.78B | $6.44B |
| 1-day change | +7.21% | -0.07% |
| YTD return | +9.25% | -0.63% |
| 1-year return | +23.88% | +3.01% |
| 5-year return | +17.45% | +17.92% |
| P/E ratio (TTM) | 19.10 | 33.63 |
| Forward P/E | 16.39 | 18.00 |
| EPS (TTM) | $3.97 | $1.74 |
| Dividend yield | 3.64% | 2.86% |
| Annual dividend | $2.76 | $1.68 |
| Revenue (latest FY) | $2.31B | $2.17B |
| Revenue growth (YoY) | +8.57% | +9.86% |
| Net income (latest FY) | $291.60M | $169.83M |
| Operating margin | 23.27% | 20.37% |
| Net margin | 12.62% | 7.84% |
| 52-week high | $78.69 | $59.53 |
| 52-week low | $59.91 | $55.64 |
| Distance from 52-week high | -3.62% | -1.71% |
| Analyst consensus | strong_buy | none |
| Avg. price target upside | +8.12% | +3.74% |
| Average volume | 869.75K | 1.26M |
| Shares outstanding | 76.25M | 110.13M |
| Employees | 2,795 | 1,755 |
| Sector | Utilities | Utilities |
| Industry | Electric Utilities: Central | Electric Utilities: Central |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- BKH has outperformed TXNM by 20.9 percentage points over the past year.
- TXNM Energy trades at a higher earnings multiple (33.6x vs 19.1x trailing P/E).
About Black Hills
BKH stock →Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments.
Utilities · Electric Utilities: Central · 2,795 employees
About TXNM Energy
TXNM stock →TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate.
Utilities · Electric Utilities: Central · 1,755 employees
BKH vs TXNM FAQ
Which is bigger, Black Hills or TXNM Energy?
TXNM Energy (TXNM) is larger, with a market capitalization of $6.44B compared with $5.78B for Black Hills (BKH).
Which stock has performed better over the past year, BKH or TXNM?
BKH returned +23.88% over the past 12 months, compared with +3.01% for TXNM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BKH or TXNM?
BKH has the lower trailing P/E at 19.1, versus 33.6 for TXNM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Black Hills or TXNM Energy?
Black Hills has the higher yield at 3.64%, compared with 2.86% for TXNM Energy.
Are Black Hills and TXNM Energy in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Utilities sector.