$74.29

+0.13 (+0.18%)

Weekly Expected Move ±3.1%

$68 $71 $73 $75 $77

NYSE · Utilities · Diversified Utilities · Alpha Radar Buy · Power 56 · $5.7B mcap · 76M float · 1.24% daily turnover · Short 53% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

41.1 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 5.6% · 5Y Avg: 4.2%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. BKH shows a Weak competitive edge (41.1/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. ROIC of 5.6% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$91

Avg Target

$91

High

Based on 3 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 7Hold: 8Sell: 0Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$91.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-04-15	BMO Capital	Edward DeArias	$84	$91	+7	+18.8%	$76.60
2026-02-09	BMO Capital	—	Initiated	$84	—	+16.2%	$72.30
2025-11-07	Scotiabank	Andrew Weisel	Initiated	$81	—	+17.1%	$69.18
2024-05-16	Mizuho Securities	Anthony Crowdell	Initiated	$57	—	+0.2%	$56.87

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B-

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. BKH receives an overall rating of B-. Areas of concern: DCF (1/5), ROE (2/5), P/E (2/5).

Rating Change History

Date	From	To
2026-05-20	B	B-
2026-05-18	B-	B
2026-05-12	B	B-
2026-05-11	C+	B
2026-05-11	D+	C+
2026-05-06	B	D+
2026-04-30	B-	B
2026-04-27	B	B-
2026-04-24	B-	B
2026-02-20	B	B-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 39 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. BKH scores highest in Earnings Quality (76/100) and lowest in Safety (15/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

1.03

Distress Zone

Piotroski F-Score

5/9

✓ ✓ ✗ ✓ ✓ ✓ ✗ ✗ ✗

Beneish M-Score

-2.37

Unlikely Manipulator

Ohlson O-Score

-7.07

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

Score: 40.4/100

Trend: Improving

Earnings Quality

100/100

OCF/NI: 2.16x

Accruals: -3.2%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. BKH scores 1.03, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. BKH scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. BKH's score of -2.37 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. BKH's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. BKH receives an estimated rating of BB (score: 40.4/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). BKH's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

19.43x

PEG

-12.69x

P/S

2.47x

P/B

1.42x

P/FCF

88.49x

P/OCF

8.44x

EV/EBITDA

11.82x

EV/Revenue

4.27x

EV/EBIT

18.13x

EV/FCF

164.68x

Earnings Yield

5.49%

FCF Yield

1.13%

Shareholder Yield

3.86%

Graham Number

$65.88

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 19.4x earnings, BKH trades at a reasonable valuation. An earnings yield of 5.5% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $65.88 per share, 13% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.849

NI / EBT

Interest Burden

0.631

EBT / EBIT

EBIT Margin

0.236

EBIT / Rev

Asset Turnover

0.219

Rev / Assets

Equity Multiplier

2.852

Assets / Equity

ROE

7.9%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. BKH's ROE of 7.9% is driven by a balanced combination of operating margin, asset efficiency, and leverage.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$32.41

Price/Value

2.14x

Margin of Safety

-114.13%

Premium

114.13%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with BKH's realized 0.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. BKH trades at a 114% premium to its adjusted intrinsic value of $32.41, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 19.4x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$74.30

Median 1Y

$74.05

5th Pctile

$47.19

95th Pctile

$116.61

Ann. Volatility

27.9%

Analyst Target

$91.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Linden R. Evans President and Chief Executive Officer	$995,594	$2,966,688	$5,991,759
Kimberly F. Nooney Sr. Vice President and Chief Financial Officer	$487,356	$2,026,226	$3,192,320
Marne M. Jones Sr. Vice President and Chief Utility Officer	$486,475	$1,622,365	$2,742,599
Phillip Casey Sr. mer Sr. Vice President, General Counsel and Chief Compliance Officer	$119,097	$676,876	$1,261,751
Sarah A. Wiltse Sr. Vice President and Chief Human Resources Officer	$362,766	$306,867	$1,025,585
Don Redden Sr. Vice President and Chief Information and Transformation Officer	$176,322	$304,596	$684,374

CEO Pay Ratio

Insufficient data for pay ratio.

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

—

Revenue / Employee

—

Rev: $2,310,000,000

Profit / Employee

—

NI: $291,600,000

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	9.5%	9.9%	8.9%	9.6%	10.0%	9.6%	8.9%	8.8%	8.5%	8.8%	8.4%	8.9%	8.9%	8.2%	8.1%	8.3%	8.5%	8.5%	8.0%	7.9%	7.87%
ROA	3.0%	3.1%	2.7%	3.0%	3.1%	3.0%	2.8%	2.7%	2.6%	2.7%	2.7%	2.9%	2.9%	2.6%	2.8%	2.8%	2.9%	2.9%	2.8%	2.8%	2.76%
ROIC	6.2%	6.3%	5.4%	5.6%	5.7%	5.6%	5.5%	5.5%	5.4%	5.6%	5.7%	6.0%	5.9%	5.6%	5.7%	5.8%	5.9%	5.9%	5.6%	5.6%	5.57%
ROCE	5.6%	5.7%	5.0%	5.4%	5.5%	5.4%	5.8%	5.8%	5.7%	5.9%	5.7%	5.9%	6.1%	5.8%	5.6%	5.7%	5.8%	5.8%	5.4%	5.3%	5.32%
Gross Margin	37.8%	43.2%	33.7%	30.4%	32.3%	34.5%	26.5%	27.6%	35.1%	44.0%	37.0%	38.0%	38.2%	40.2%	41.7%	36.2%	38.1%	38.9%	41.2%	27.9%	27.92%
Operating Margin	18.1%	23.6%	20.3%	21.0%	15.3%	17.2%	16.4%	19.0%	15.4%	24.0%	23.1%	26.6%	17.5%	18.9%	27.3%	25.5%	18.8%	18.3%	27.0%	25.6%	25.61%
Net Margin	6.8%	11.6%	12.6%	14.3%	7.0%	7.6%	9.2%	12.4%	5.6%	11.2%	13.5%	17.6%	5.7%	6.1%	16.4%	16.7%	6.3%	5.8%	16.5%	16.8%	16.78%
EBITDA Margin	33.8%	39.7%	31.2%	28.5%	29.2%	31.2%	24.2%	25.8%	31.3%	40.7%	34.9%	35.8%	35.6%	37.2%	38.9%	34.2%	34.8%	34.7%	39.3%	35.2%	35.19%
FCF Margin	-41.1%	-40.1%	-38.1%	-3.8%	-1.1%	-3.1%	-0.8%	2.4%	6.8%	11.3%	16.7%	11.1%	7.8%	4.2%	-1.2%	-0.3%	12.0%	11.7%	9.8%	2.6%	2.59%
OCF Margin	-0.9%	-1.2%	-3.3%	27.4%	28.0%	24.7%	22.9%	24.5%	28.9%	33.4%	40.5%	39.7%	37.7%	35.5%	33.8%	32.3%	29.9%	29.0%	29.2%	27.2%	27.21%
ROE 3Y Avg	snapshot only																				8.04%
ROE 5Y Avg	snapshot only																				8.38%
ROA 3Y Avg	snapshot only																				2.77%
ROIC 3Y Avg	snapshot only																				4.09%
ROIC Economic	snapshot only																				5.48%
Cash ROA	snapshot only																				5.72%
Cash ROIC	snapshot only																				7.45%
CROIC	snapshot only																				0.71%
NOPAT Margin	snapshot only																				20.34%
Pretax Margin	snapshot only																				14.86%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				0.00%
SBC / Revenue	snapshot only																				0.15%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	14.64	13.76	16.19	16.51	15.27	14.87	15.60	14.47	14.67	12.07	12.78	12.51	12.74	16.04	14.68	15.08	13.99	15.61	17.95	18.20	19.429
P/S Ratio	1.87	1.78	1.97	1.99	1.81	1.65	1.58	1.39	1.39	1.22	1.44	1.62	1.65	1.93	1.88	1.91	1.77	1.96	2.27	2.30	2.475
P/B Ratio	1.34	1.30	1.38	1.53	1.46	1.37	1.35	1.23	1.20	1.03	1.04	1.07	1.09	1.27	1.15	1.20	1.14	1.27	1.37	1.37	1.420
P/FCF	-4.55	-4.45	-5.16	-51.74	-168.13	-53.51	-206.01	58.84	20.44	10.74	8.63	14.61	21.05	45.36	-161.06	-585.57	14.74	16.69	23.22	88.49	88.489
P/OCF	—	—	—	7.27	6.48	6.66	6.89	5.68	4.80	3.64	3.55	4.07	4.37	5.42	5.58	5.91	5.92	6.75	7.77	8.44	8.439
EV/EBITDA	11.26	10.88	12.91	12.80	12.30	12.07	12.23	11.70	11.72	10.67	10.38	10.20	10.09	11.06	10.67	10.73	10.30	10.88	11.79	11.82	11.820
EV/Revenue	3.92	3.79	4.29	4.11	3.84	3.60	3.40	3.15	3.18	3.05	3.29	3.64	3.68	3.96	3.94	3.89	3.72	3.88	4.22	4.27	4.273
EV/EBIT	17.45	16.79	20.29	19.63	18.92	18.86	18.92	18.10	18.30	16.43	15.91	15.53	15.26	17.07	16.26	16.29	15.65	16.55	17.90	18.13	18.135
EV/FCF	-9.53	-9.45	-11.28	-106.86	-355.81	-117.01	-443.51	132.96	46.90	26.95	19.73	32.87	46.90	93.24	-336.47	-1192.22	30.92	33.09	43.27	164.68	164.683
Earnings Yield	6.8%	7.3%	6.2%	6.1%	6.5%	6.7%	6.4%	6.9%	6.8%	8.3%	7.8%	8.0%	7.8%	6.2%	6.8%	6.6%	7.1%	6.4%	5.6%	5.5%	5.49%
FCF Yield	-22.0%	-22.5%	-19.4%	-1.9%	-0.6%	-1.9%	-0.5%	1.7%	4.9%	9.3%	11.6%	6.8%	4.7%	2.2%	-0.6%	-0.2%	6.8%	6.0%	4.3%	1.1%	1.13%
Price/Tangible Book	snapshot only																				2.084
EV/OCF	snapshot only																				15.706
EV/Gross Profit	snapshot only																				11.984
Acquirers Multiple	snapshot only																				18.339
Shareholder Yield	snapshot only																				3.86%
Graham Number	snapshot only																				$65.88

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	0.71	0.71	0.90	0.90	0.90	0.90	0.64	0.64	0.64	0.64	0.70	0.70	0.70	0.70	0.97	0.97	0.97	0.97	1.35	1.35	1.346
Quick Ratio	0.54	0.54	0.73	0.73	0.73	0.73	0.52	0.52	0.52	0.52	0.56	0.56	0.56	0.56	0.77	0.77	0.77	0.77	1.11	1.11	1.113
Debt/Equity	1.47	1.47	1.63	1.63	1.63	1.63	1.56	1.56	1.56	1.56	1.37	1.37	1.37	1.37	1.25	1.25	1.25	1.25	1.23	1.23	1.229
Net Debt/Equity	1.47	1.47	1.63	1.63	1.63	1.63	1.55	1.55	1.55	1.55	1.34	1.34	1.34	1.34	1.25	1.25	1.25	1.25	1.18	1.18	1.182
Debt/Assets	0.47	0.47	0.50	0.50	0.50	0.50	0.49	0.49	0.49	0.49	0.46	0.46	0.46	0.46	0.44	0.44	0.44	0.44	0.43	0.43	0.432
Debt/EBITDA	5.89	5.77	7.01	6.62	6.50	6.56	6.58	6.55	6.64	6.45	5.96	5.78	5.67	5.79	5.58	5.48	5.41	5.41	5.69	5.69	5.690
Net Debt/EBITDA	5.88	5.76	7.00	6.60	6.49	6.55	6.55	6.52	6.61	6.42	5.84	5.67	5.56	5.68	5.56	5.46	5.39	5.39	5.46	5.47	5.469
Interest Coverage	2.75	2.78	2.68	2.89	2.92	2.81	2.82	2.74	2.61	2.67	2.68	2.75	2.74	2.55	2.64	2.62	2.63	2.64	2.64	2.60	2.604
Equity Multiplier	3.16	3.16	3.28	3.28	3.28	3.28	3.21	3.21	3.21	3.21	2.99	2.99	2.99	2.99	2.86	2.86	2.86	2.86	2.84	2.84	2.843
Cash Ratio	snapshot only																				0.247
Debt Service Coverage	snapshot only																				3.995
Cash to Debt	snapshot only																				0.039
FCF to Debt	snapshot only																				0.013
Defensive Interval	snapshot only																				769.2 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	0.24	0.24	0.23	0.25	0.26	0.27	0.27	0.28	0.28	0.27	0.24	0.22	0.22	0.22	0.22	0.22	0.23	0.23	0.22	0.22	0.219
Inventory Turnover	9.72	9.91	9.27	10.39	11.05	11.70	9.93	10.45	10.15	9.73	8.34	7.16	7.06	7.12	8.18	8.58	8.73	8.87	8.71	9.01	9.013
Receivables Turnover	12.61	12.84	11.96	13.13	13.76	14.26	11.51	11.95	11.66	11.41	10.12	9.27	9.23	9.21	10.70	11.09	11.28	11.42	10.94	10.82	10.821
Payables Turnover	6.05	6.17	6.20	6.95	7.40	7.83	6.74	7.10	6.89	6.61	6.18	5.31	5.24	5.28	6.20	6.50	6.61	6.72	5.26	5.44	5.438
DSO	29	28	31	28	27	26	32	31	31	32	36	39	40	40	34	33	32	32	33	34	33.7 days
DIO	38	37	39	35	33	31	37	35	36	38	44	51	52	51	45	43	42	41	42	40	40.5 days
DPO	60	59	59	53	49	47	54	51	53	55	59	69	70	69	59	56	55	54	69	67	67.1 days
Cash Conversion Cycle	6	6	11	10	10	10	14	14	14	14	21	22	22	22	20	19	19	19	6	7	7.1 days
Fixed Asset Turnover	snapshot only																				0.278
Operating Cycle	snapshot only																				74.2 days
Cash Velocity	snapshot only																				12.502
Capital Intensity	snapshot only																				4.756

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	10.3%	10.9%	14.9%	19.3%	21.9%	24.0%	30.9%	23.8%	15.4%	9.0%	-8.6%	-19.4%	-17.7%	-16.1%	-8.7%	3.3%	5.4%	7.0%	8.6%	3.6%	3.58%
Net Income	20.4%	10.6%	4.0%	11.8%	13.3%	5.9%	9.1%	-1.2%	-8.1%	-0.8%	1.5%	8.3%	12.7%	-0.1%	4.2%	1.3%	3.1%	11.8%	6.7%	3.1%	3.11%
EPS	19.9%	9.1%	1.6%	8.3%	9.9%	3.2%	7.0%	-3.2%	-10.6%	-4.2%	-2.3%	4.8%	8.9%	-4.7%	-1.1%	-3.7%	-1.8%	8.3%	1.4%	-2.1%	-2.07%
FCF	-1.3%	-2.4%	-2.3%	89.4%	96.8%	90.5%	97.4%	1.8%	8.3%	5.0%	20.9%	2.8%	-4.9%	-68.6%	-1.1%	-1.0%	61.7%	2.0%	10.1%	9.2%	9.24%
EBITDA	6.3%	2.7%	0.5%	8.1%	9.4%	6.1%	9.4%	3.7%	0.4%	4.4%	4.1%	6.9%	10.4%	4.9%	6.3%	5.1%	4.4%	6.6%	5.3%	3.2%	3.24%
Op. Income	0.4%	-0.5%	-4.4%	7.5%	8.7%	4.2%	11.2%	2.8%	-0.4%	6.2%	3.8%	7.5%	11.2%	2.1%	6.4%	4.8%	5.7%	11.2%	6.9%	3.5%	3.46%
OCF Growth	snapshot only																				-12.88%
Asset Growth	snapshot only																				8.45%
Equity Growth	snapshot only																				9.20%
Debt Growth	snapshot only																				7.23%
Shares Change	snapshot only																				5.29%
Dividend Growth	snapshot only																				8.53%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	2.6%	3.5%	3.6%	6.4%	8.5%	9.7%	13.7%	16.5%	15.8%	14.5%	11.2%	6.0%	5.0%	4.3%	3.0%	1.0%	0.0%	-0.7%	-3.3%	-4.8%	-4.81%
Revenue 5Y	6.1%	5.6%	4.4%	5.1%	5.8%	6.6%	9.0%	9.4%	8.7%	8.4%	5.9%	3.8%	3.9%	3.8%	4.2%	5.7%	6.1%	6.1%	6.4%	5.0%	4.97%
EPS 3Y	-4.4%	-1.9%	-5.9%	1.5%	3.9%	3.7%	6.8%	8.1%	5.6%	2.6%	2.0%	3.2%	2.3%	-1.9%	1.1%	-0.8%	-1.5%	-0.4%	-0.7%	-0.4%	-0.38%
EPS 5Y	64.2%	38.3%	22.4%	14.9%	11.6%	8.7%	4.1%	-2.2%	-3.0%	-1.4%	-2.7%	1.2%	1.8%	0.3%	3.3%	5.0%	4.7%	2.2%	1.3%	0.7%	0.71%
Net Income 3Y	0.2%	2.9%	-2.9%	4.0%	6.3%	5.9%	9.0%	10.6%	7.8%	5.1%	4.8%	6.2%	5.5%	1.6%	4.9%	2.7%	2.2%	3.5%	4.1%	4.2%	4.18%
Net Income 5Y	70.0%	43.0%	26.5%	18.7%	15.2%	12.2%	7.9%	1.8%	1.0%	2.8%	0.3%	3.8%	4.4%	3.3%	6.5%	8.2%	7.8%	5.3%	5.1%	4.6%	4.55%
EBITDA 3Y	1.8%	3.3%	3.0%	4.2%	5.5%	5.7%	6.3%	6.7%	5.3%	4.4%	4.6%	6.2%	6.6%	5.2%	6.6%	5.2%	5.0%	5.3%	5.2%	5.1%	5.06%
EBITDA 5Y	17.8%	13.0%	9.2%	6.8%	5.8%	4.9%	3.2%	3.3%	3.0%	4.1%	4.5%	4.6%	5.4%	5.3%	5.8%	6.4%	6.1%	5.0%	5.1%	5.4%	5.38%
Gross Profit 3Y	1.9%	3.2%	2.9%	4.1%	5.5%	4.7%	5.0%	5.2%	3.8%	3.8%	3.9%	5.6%	5.8%	4.5%	6.0%	4.7%	4.7%	5.2%	4.8%	1.6%	1.63%
Gross Profit 5Y	5.5%	4.8%	2.7%	2.5%	2.7%	2.5%	3.2%	3.3%	3.0%	4.0%	4.2%	4.4%	5.1%	4.3%	4.7%	5.1%	4.8%	4.5%	4.6%	3.2%	3.20%
Op. Income 3Y	-0.4%	1.4%	1.0%	2.8%	4.6%	3.3%	3.9%	4.6%	2.8%	3.2%	3.3%	5.9%	6.4%	4.2%	7.1%	5.0%	5.4%	6.4%	5.7%	5.2%	5.24%
Op. Income 5Y	31.1%	20.3%	13.0%	8.2%	6.1%	4.4%	1.6%	1.7%	1.3%	2.9%	3.6%	3.7%	4.8%	3.6%	4.4%	5.2%	5.0%	4.6%	4.7%	5.2%	5.19%
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-1.8%	-1.84%
FCF 5Y	—	—	—	—	—	—	—	-12.8%	2.3%	15.5%	65.5%	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	5.8%	10.3%	5.0%	5.0%	7.6%	12.5%	16.2%	20.3%	—	—	—	—	6.8%	2.3%	4.7%	4.8%	-1.4%	-1.44%
OCF 5Y	—	—	—	12.2%	11.7%	6.7%	6.4%	7.5%	9.5%	11.7%	14.1%	11.4%	11.4%	8.7%	7.3%	6.5%	5.1%	4.1%	4.4%	—	—
Assets 3Y	6.7%	6.7%	9.5%	9.5%	9.5%	9.5%	8.4%	8.4%	8.4%	8.4%	6.0%	6.0%	6.0%	6.0%	3.2%	3.2%	3.2%	3.2%	4.2%	4.2%	4.16%
Assets 5Y	11.7%	11.7%	7.0%	7.0%	7.0%	7.0%	7.6%	7.6%	7.6%	7.6%	6.7%	6.7%	6.7%	6.7%	5.8%	5.8%	5.8%	5.8%	6.1%	6.1%	6.09%
Equity 3Y	14.4%	14.4%	8.5%	8.5%	8.5%	8.5%	8.2%	8.2%	8.2%	8.2%	7.9%	7.9%	7.9%	7.9%	7.9%	7.9%	7.9%	7.9%	8.5%	8.5%	8.48%
Book Value 3Y	9.1%	9.0%	5.1%	5.8%	6.1%	6.3%	6.0%	5.9%	6.0%	5.6%	5.0%	4.8%	4.6%	4.1%	4.0%	4.2%	4.0%	3.9%	3.5%	3.7%	3.73%
Dividend 3Y	-2.3%	-2.5%	-0.9%	-0.2%	0.2%	0.5%	0.5%	0.3%	0.4%	0.1%	-0.4%	-0.5%	-0.8%	-1.2%	-1.0%	-0.6%	-0.7%	-1.1%	-2.0%	-1.7%	-1.73%

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	0.77	0.83	0.68	0.55	0.55	0.58	0.62	0.71	0.75	0.80	0.65	0.48	0.52	0.51	0.41	0.34	0.37	0.37	0.28	0.17	0.166
Earnings Stability	0.63	0.74	0.54	0.48	0.56	0.74	0.37	0.26	0.27	0.80	0.20	0.65	0.66	0.81	0.95	0.86	0.80	0.82	0.97	0.91	0.907
Margin Stability	0.96	0.96	0.94	0.95	0.93	0.91	0.88	0.88	0.87	0.88	0.88	0.89	0.89	0.90	0.90	0.88	0.87	0.88	0.88	0.89	0.888
Rev. Growth Consistency	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.000
Earn. Growth Consistency	0.50	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	1.00	0.50	0.50	0.00	1.00	1.00	1.00	0.50	1.00	1.00	1.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	1	1	1	0	0	1	1	0	0	0
Earnings Persistence	0.92	0.96	0.98	0.95	0.95	0.98	0.96	1.00	0.97	1.00	0.99	0.97	0.95	1.00	0.98	0.99	0.99	0.95	0.97	0.99	0.988
Earnings Smoothness	0.81	0.90	0.96	0.89	0.88	0.94	0.91	0.99	0.92	0.99	0.99	0.92	0.88	1.00	0.96	0.99	0.97	0.89	0.93	0.97	0.969
ROE Trend	-0.00	-0.00	-0.00	0.01	0.01	-0.00	-0.00	-0.01	-0.01	-0.01	-0.00	-0.00	-0.00	-0.01	-0.01	-0.01	-0.00	-0.00	-0.00	-0.01	-0.007
Gross Margin Trend	-0.01	-0.01	-0.04	-0.04	-0.06	-0.07	-0.09	-0.08	-0.06	-0.04	0.01	0.06	0.07	0.06	0.07	0.05	0.04	0.04	0.02	-0.03	-0.029
FCF Margin Trend	-0.27	-0.26	-0.22	0.28	0.29	0.24	0.25	0.26	0.28	0.33	0.36	0.12	0.05	0.00	-0.09	-0.07	0.05	0.04	0.02	-0.03	-0.028
Sustainable Growth Rate	3.9%	4.1%	3.4%	4.1%	4.3%	3.9%	3.5%	3.3%	2.8%	3.1%	3.0%	3.4%	3.3%	2.5%	2.7%	2.8%	2.8%	2.7%	2.6%	2.3%	2.35%
Internal Growth Rate	1.2%	1.3%	1.1%	1.3%	1.4%	1.2%	1.1%	1.0%	0.9%	1.0%	1.0%	1.1%	1.1%	0.8%	0.9%	1.0%	1.0%	0.9%	0.9%	0.8%	0.83%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	-0.07	-0.09	-0.27	2.27	2.36	2.23	2.26	2.55	3.06	3.32	3.60	3.08	2.91	2.96	2.63	2.55	2.36	2.31	2.31	2.16	2.157
FCF/OCF	43.65	33.62	11.49	-0.14	-0.04	-0.12	-0.03	0.10	0.23	0.34	0.41	0.28	0.21	0.12	-0.03	-0.01	0.40	0.40	0.33	0.10	0.095
FCF/Net Income	snapshot only																				0.206
OCF/EBITDA	snapshot only																				0.753
CapEx/Revenue	40.2%	38.9%	34.8%	31.2%	29.1%	27.8%	23.7%	22.1%	22.1%	22.1%	23.8%	28.7%	29.9%	31.3%	35.0%	32.7%	17.9%	17.3%	19.4%	24.6%	24.61%
CapEx/Depreciation	snapshot only																				1.955
Accruals Ratio	0.03	0.03	0.03	-0.04	-0.04	-0.04	-0.03	-0.04	-0.05	-0.06	-0.07	-0.06	-0.05	-0.05	-0.05	-0.04	-0.04	-0.04	-0.04	-0.03	-0.032
Sloan Accruals	snapshot only																				-0.001
Cash Flow Adequacy	snapshot only																				0.813
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	4.1%	4.3%	3.8%	3.5%	3.7%	4.0%	3.9%	4.3%	4.5%	5.4%	5.0%	5.0%	5.0%	4.4%	4.5%	4.4%	4.8%	4.3%	3.8%	3.9%	3.71%
Dividend/Share	$2.23	$2.24	$2.26	$2.29	$2.33	$2.37	$2.39	$2.41	$2.44	$2.47	$2.47	$2.50	$2.53	$2.53	$2.55	$2.60	$2.63	$2.65	$2.62	$2.68	$2.76
Payout Ratio	59.6%	58.7%	61.3%	57.4%	56.7%	59.9%	60.6%	62.6%	66.5%	65.2%	64.1%	62.0%	63.2%	70.0%	66.7%	66.7%	67.0%	67.9%	67.9%	70.2%	70.20%
FCF Payout Ratio	—	—	—	—	—	—	—	2.5%	92.6%	58.0%	43.2%	72.4%	1.0%	2.0%	—	—	70.6%	72.6%	87.8%	3.4%	3.41%
Total Payout Ratio	59.6%	58.7%	61.3%	57.4%	56.7%	59.9%	60.6%	62.6%	66.5%	65.2%	64.1%	62.0%	63.2%	70.0%	66.7%	66.7%	67.0%	67.9%	67.9%	70.2%	70.20%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	0.12	0.11	0.11	0.11	0.12	0.12	0.12	0.12	0.12	0.13	0.12	0.12	0.12	0.12	0.13	0.13	0.14	0.13	0.12	0.12	0.124
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	-1.2%	-1.9%	-3.1%	-2.9%	-2.4%	-2.0%	-2.2%	-3.1%	-3.5%	-5.8%	-3.5%	-3.5%	-3.9%	-4.7%	-4.5%	-4.6%	-4.4%	-4.9%	-4.2%	-4.1%	-4.08%
Total Shareholder Return	2.9%	2.4%	0.7%	0.6%	1.3%	2.0%	1.7%	1.2%	1.1%	-0.4%	1.5%	1.4%	1.1%	-0.3%	0.0%	-0.2%	0.4%	-0.6%	-0.4%	-0.2%	-0.23%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	0.89	0.90	0.92	0.88	0.89	0.90	0.87	0.87	0.88	0.87	0.87	0.87	0.85	0.85	0.85	0.86	0.86	0.86	0.85	0.85	0.849
Interest Burden (EBT/EBIT)	0.64	0.64	0.63	0.65	0.66	0.64	0.65	0.64	0.62	0.63	0.63	0.64	0.64	0.61	0.62	0.62	0.62	0.62	0.63	0.63	0.631
EBIT Margin	0.22	0.23	0.21	0.21	0.20	0.19	0.18	0.17	0.17	0.19	0.21	0.23	0.24	0.23	0.24	0.24	0.24	0.23	0.24	0.24	0.236
Asset Turnover	0.24	0.24	0.23	0.25	0.26	0.27	0.27	0.28	0.28	0.27	0.24	0.22	0.22	0.22	0.22	0.22	0.23	0.23	0.22	0.22	0.219
Equity Multiplier	3.18	3.18	3.22	3.22	3.22	3.22	3.24	3.24	3.24	3.24	3.10	3.10	3.10	3.10	2.92	2.92	2.92	2.92	2.85	2.85	2.852

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$3.73	$3.83	$3.69	$3.99	$4.10	$3.95	$3.95	$3.86	$3.67	$3.79	$3.86	$4.04	$4.00	$3.61	$3.82	$3.89	$3.93	$3.91	$3.87	$3.81	$3.81
Book Value/Share	$40.71	$40.38	$43.46	$43.06	$42.96	$42.84	$45.77	$45.31	$44.91	$44.44	$47.28	$47.08	$46.60	$45.54	$48.90	$48.77	$48.36	$48.03	$50.71	$50.58	$53.41
Tangible Book/Share	$19.87	$19.70	$23.03	$22.82	$22.76	$22.70	$25.77	$25.50	$25.28	$25.02	$28.05	$27.93	$27.64	$27.02	$30.65	$30.56	$30.31	$30.10	$33.39	$33.30	$33.30
Revenue/Share	$29.23	$29.53	$30.39	$33.05	$34.54	$35.70	$39.00	$40.08	$38.79	$37.56	$34.28	$31.28	$30.84	$30.06	$29.72	$30.73	$30.98	$31.16	$30.64	$30.23	$30.31
FCF/Share	$-12.01	$-11.85	$-11.57	$-1.27	$-0.37	$-1.10	$-0.30	$0.95	$2.63	$4.25	$5.72	$3.46	$2.42	$1.28	$-0.35	$-0.10	$3.73	$3.65	$2.99	$0.78	$-4.14
OCF/Share	$-0.28	$-0.35	$-1.01	$9.05	$9.67	$8.83	$8.94	$9.82	$11.22	$12.56	$13.89	$12.43	$11.64	$10.69	$10.05	$9.94	$9.28	$9.03	$8.93	$8.22	$8.25
Cash/Share	$0.10	$0.10	$0.14	$0.14	$0.14	$0.14	$0.33	$0.32	$0.32	$0.32	$1.27	$1.27	$1.26	$1.23	$0.22	$0.22	$0.22	$0.22	$2.42	$2.42	$0.42
EBITDA/Share	$10.17	$10.30	$10.11	$10.62	$10.78	$10.65	$10.84	$10.78	$10.54	$10.74	$10.86	$11.15	$11.25	$10.76	$10.97	$11.15	$11.19	$11.11	$10.97	$10.93	$10.93
Debt/Share	$59.93	$59.44	$70.90	$70.26	$70.08	$69.89	$71.34	$70.62	$70.00	$69.27	$64.72	$64.44	$63.79	$62.34	$61.23	$61.06	$60.55	$60.14	$62.35	$62.18	$62.18
Net Debt/Share	$59.83	$59.34	$70.77	$70.12	$69.94	$69.75	$71.02	$70.30	$69.68	$68.95	$63.45	$63.17	$62.53	$61.11	$61.00	$60.83	$60.33	$59.92	$59.92	$59.77	$59.77

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.027
Altman Z-Prime	snapshot only																				1.681
Piotroski F-Score	5	5	4	7	7	6	6	5	6	6	7	7	7	5	7	6	7	7	7	5	5
Beneish M-Score	-2.23	-2.28	-2.00	-2.35	-2.33	-2.28	-2.07	-2.19	-2.19	-2.32	-3.26	-3.21	-3.08	-2.97	-2.75	-2.65	-2.66	-2.64	-2.55	-2.37	-2.367
Ohlson O-Score	snapshot only																				-7.074
ROIC (Greenblatt)	snapshot only																				6.34%
Net-Net WC	snapshot only																				$-78.94
EVA	snapshot only																				$-369428515.90

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				BB
Credit Score	24.33	25.56	25.07	26.79	26.57	26.16	23.58	25.97	26.89	26.52	30.49	31.00	28.29	28.27	31.03	30.47	33.16	32.74	39.32	40.44	40.439
Credit Grade	snapshot only																				12
Credit Trend	snapshot only																				9.971
Implied Spread (bps)	snapshot only																				475.000
Industry Credit Rank	snapshot only																				53
Sector Credit Rank	snapshot only																				44

BKH NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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