Black Hills Corporation
$10.10B- Market cap
- $5.58B
- Debt
- +$4.70B
- Cash
- −$182.80M
Capital structure 54% equity / 46% debt · EV / Revenue 4.37x · EV / EBITDA 13.78x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: BKH stock price at discount vs FCX $73.21 current versus $100.11 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at FCX's multiple
Implied fair value · at BKH's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: BKH FY 2025 (ended Dec 31, 2025) · FCX FY 2025 (ended Dec 31, 2025).
Trendline
13 fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 54% equity / 46% debt · EV / Revenue 4.37x · EV / EBITDA 13.78x
Capital structure 91% equity / 9% debt · EV / Revenue 4.26x · EV / EBITDA 16.66x
FCX carries the larger enterprise value at $110.46B against $10.10B; FCX trades on the lower EV / Revenue multiple (4.26x vs 4.37x); BKH on the lower EV / EBITDA (13.78x vs 16.66x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Black Hills Corporation · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Freeport-McMoRan Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.23x
0.52x
Net debt / EBITDA
Leverage against operating earnings
6.16x
0.91x
Cash and equivalents
Liquid reserves on the balance sheet
$182.80M
$3.82B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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