COMP <GO>
BKH vs WM // EV/EBITDA & P/E VALUATION
Black Hills Corporation (NYSE) VS. Waste Management Inc. (NYSE) • 15-METRIC TALLY: BKH 9
— WM 6
▲ EV/EBITDA & P/E VALUATION LEADER: BKH
LAST: $82.01 (+0.68%) • MKT CAP: $6.21B
valuation
8.7x
LAST: $233.45 (+1.10%) • MKT CAP: $91.81B
valuation
20.2x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BKH VS. WM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | BKH | WM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 41.00% | 40.40% | +0.60 | BKH | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 5.10% | 13.70% | -8.60 | WM | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 8.7x | 20.2x | -11.50 | BKH | /valuation <GO> |
| Free Cash Flow Yield | -2.36% | 5.35% | -7.71 | WM | /fcf-yield <GO> |
| Operating Margin | 23.50% | 17.10% | +6.40 | BKH | /operating-margins <GO> |
| Net Profit Margin | 12.80% | 10.70% | +2.10 | BKH | /net-margins <GO> |
| Revenue Growth (YoY) | 9.00% | 14.20% | -5.20 | WM | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 3.19% | 1.45% | +1.74 | BKH | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.29 | 2.91 | -1.62 | WM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 6/9 | +1.00 | BKH | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 5.20% | 5.90% | -0.70 | BKH | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 74.3 | 60.7 | +13.57 | BKH | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.49 | 0.70 | -0.21 | WM | /macro-sensitivity <GO> |
| Forward P/E Multiple | 19.8x | 28.5x | -8.70 | BKH | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $6.21B | $91.81B | -$85.60B | WM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | BKH REV | WM REV | BKH GROSS % | WM GROSS % | BKH FCF | WM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $2.29B | $25.20B | 44.0% | 40.4% | -$146.4M | $4.91B |
| FY 2024 | $2.10B | $22.06B | 44.0% | 39.3% | -$24.9M | $4.40B |
| FY 2023 | $2.30B | $20.43B | 44.0% | 44.0% | $840.8M | $3.80B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
BKH // BETA 0.49
WM // BETA 0.70