Black Hills (BKH) - Market capitalization

Market cap: NZ$8.82 Billion

As of December 2025 Black Hills has a market cap of NZ$8.82 Billion. This makes Black Hills the world's 3034th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth.

Market cap history of Black Hills from 1996 to 2025

End of year Market Cap

Year	Marketcap	Change
2025	NZ$8.82 B	18.76%
2024	NZ$7.43 B	28.1%
2023	NZ$5.80 B	-19.55%
2022	NZ$7.20 B	9.35%
2021	NZ$6.59 B	23.39%
2020	NZ$5.34 B	-25.46%
2019	NZ$7.16 B	27.66%
2018	NZ$5.61 B	24.06%
2017	NZ$4.52 B	-3.82%
2016	NZ$4.70 B	35.52%
2015	NZ$3.47 B	14.84%
2014	NZ$3.02 B	6.35%
2013	NZ$2.84 B	45.61%
2012	NZ$1.95 B	15%
2011	NZ$1.69 B	11.21%
2010	NZ$1.52 B	6.88%
2009	NZ$1.42 B	-20.02%
2008	NZ$1.78 B	-17.91%
2007	NZ$2.17 B	24.37%
2006	NZ$1.74 B	4.22%
2005	NZ$1.67 B	20.23%
2004	NZ$1.39 B	-6.22%
2003	NZ$1.48 B	9.1%
2002	NZ$1.36 B	-37.16%
2001	NZ$2.17 B	-7.7%
2000	NZ$2.35 B	154.95%
1999	NZ$0.92 B	-15.09%
1998	NZ$1.08 B	23.66%
1997	NZ$0.87 B	52.88%
1996	NZ$0.57 B

End of Day market cap according to different sources

On Dec 21st, 2025 the market cap of Black Hills was reported to be:

NZ$8.82 Billion

by Nasdaq

NZ$8.82 Billion

by CompaniesMarketCap

Market capitalization for similar companies or competitors

Name	Marketcap	Market cap differencediff.	Country
CenterPoint Energy CNP	NZ$42.52 B	381.85%	🇺🇸 USA
Xcel Energy XEL	NZ$74.46 B	743.80%	🇺🇸 USA
NorthWestern Corporation NWE	NZ$6.68 B	-24.28%	🇺🇸 USA
Avista AVA	NZ$5.31 B	-39.80%	🇺🇸 USA
MDU Resources MDU	NZ$6.78 B	-23.09%	🇺🇸 USA
Duke Energy DUK	NZ$155.66 B	1,664.01%	🇺🇸 USA
Alliant Energy LNT	NZ$28.77 B	226.11%	🇺🇸 USA
CMS Energy CMS	NZ$36.46 B	313.19%	🇺🇸 USA
Exelon Corporation EXC	NZ$76.38 B	765.57%	🇺🇸 USA
Ameren AEE	NZ$46.14 B	422.89%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Market capitalization of Black Hills (BKH)

Market cap: NZ$8.82 Billion