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Black Hills vs Otter Tail: BKH and OTTR compared
Black Hills is the larger company: $466M of revenue in its latest quarter (Q3 2026) against $317M for Otter Tail (Q3 2026). Black Hills is growing faster (+8% against -3% a year earlier). Otter Tail is more profitable, with an operating margin of 21.7% against 21.0%.
Where the money goes: BKH and OTTR
Black Hills (BKH) · Q3 2026
Black Hills, Q3 2026: revenue $466M (+8% year over year), operating margin 21.0%, net earnings $41.0M, operating cash flow $171M. The chart follows the revenue to costs, profit and cash.
Otter Tail (OTTR) · Q3 2026
Otter Tail, Q3 2026: revenue $317M (-3% year over year), operating margin 21.7%, net earnings $59.5M, operating cash flow $125M. The chart follows the revenue to costs, profit and cash.
| Black Hills (BKH) | Otter Tail (OTTR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $466M | $317M |
| Revenue growth, Y/Y | +8% | -3% |
| Operating margin | 21.0% | 21.7% |
| Net earnings | $41.0M | $59.5M |
| Net margin | 8.8% | 18.7% |
| Operating cash flow | $171M | $125M |
| Market value | $6.5B | $3.8B |
| P/E | 19.9× | 21.6× |
| Analysts’ mean target | $87.07 | $90.50 |
Questions
Which is bigger, Black Hills or Otter Tail?
Black Hills is the larger company: $466M of revenue in its latest quarter (Q3 2026) against $317M for Otter Tail (Q3 2026).
Is Black Hills or Otter Tail growing faster?
Black Hills is growing faster (+8% against -3% a year earlier).
Which is more profitable, Black Hills or Otter Tail?
Otter Tail is more profitable, with an operating margin of 21.7% against 21.0%.
More: Black Hills earnings · how Black Hills makes money · Otter Tail earnings · how Otter Tail makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.