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Side-by-side financial comparison of Apple Hospitality REIT, Inc. (APLE) and BLACK HILLS CORP (BKH). Click either name above to swap in a different company.

Apple Hospitality REIT, Inc. is the larger business by last-quarter revenue ($337.7M vs $241.6M, roughly 1.4× BLACK HILLS CORP). BLACK HILLS CORP runs the higher net margin — 55.1% vs 8.2%, a 46.9% gap on every dollar of revenue. On growth, Apple Hospitality REIT, Inc. posted the faster year-over-year revenue change (3.1% vs -3.0%). Over the past eight quarters, Apple Hospitality REIT, Inc.'s revenue compounded faster (-6.9% CAGR vs -22.0%).

Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named for one of its assets: the Ryman Auditorium, a National Historic Landmark in Nashville, Tennessee. The company's legal lineage can be traced back to its time as a subsidiary of Edward Gaylord's Oklahoma Publishing Company; however, the backbone of the modern entity was formed with the company's acquisition of WSM, Inc. in 1983. This purchase resulted in the ownership of the Grand Ole Opry and associa...

Black Hills Corporation is an American diversified energy company that is an electric and gas utility in South Dakota, Montana, Wyoming, Colorado, Arkansas, Kansas, Nebraska, and Iowa. The company sells power throughout the American West. The company is based in Rapid City, South Dakota. It derives its name from its home in the Black Hills of South Dakota.

APLE vs BKH — Head-to-Head

Bigger by revenue
APLE
APLE
1.4× larger
APLE
$337.7M
$241.6M
BKH
Growing faster (revenue YoY)
APLE
APLE
+6.1% gap
APLE
3.1%
-3.0%
BKH
Higher net margin
BKH
BKH
46.9% more per $
BKH
55.1%
8.2%
APLE
Faster 2-yr revenue CAGR
APLE
APLE
Annualised
APLE
-6.9%
-22.0%
BKH

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
APLE
APLE
BKH
BKH
Revenue
$337.7M
$241.6M
Net Profit
$27.7M
$133.1M
Gross Margin
Operating Margin
14.2%
83.6%
Net Margin
8.2%
55.1%
Revenue YoY
3.1%
-3.0%
Net Profit YoY
12.7%
-2.4%
EPS (diluted)
$0.12
$1.73

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APLE
APLE
BKH
BKH
Q1 26
$337.7M
$241.6M
Q4 25
$326.4M
$622.7M
Q3 25
$373.9M
$427.4M
Q2 25
$384.4M
$435.7M
Q1 25
$327.7M
$800.4M
Q4 24
$333.0M
$585.1M
Q3 24
$378.8M
$398.6M
Q2 24
$390.1M
$397.1M
Net Profit
APLE
APLE
BKH
BKH
Q1 26
$27.7M
$133.1M
Q4 25
$29.6M
$104.9M
Q3 25
$50.9M
$24.9M
Q2 25
$63.6M
$27.5M
Q1 25
$31.2M
$134.3M
Q4 24
$29.8M
$98.0M
Q3 24
$56.3M
$24.4M
Q2 24
$73.9M
$22.8M
Gross Margin
APLE
APLE
BKH
BKH
Q1 26
Q4 25
37.2%
Q3 25
40.6%
Q2 25
42.6%
Q1 25
39.0%
Q4 24
38.6%
Q3 24
41.9%
Q2 24
44.6%
Operating Margin
APLE
APLE
BKH
BKH
Q1 26
14.2%
83.6%
Q4 25
15.2%
27.5%
Q3 25
19.4%
18.4%
Q2 25
22.1%
18.9%
Q1 25
15.5%
25.6%
Q4 24
15.0%
27.9%
Q3 24
20.5%
19.0%
Q2 24
24.0%
17.8%
Net Margin
APLE
APLE
BKH
BKH
Q1 26
8.2%
55.1%
Q4 25
9.1%
16.8%
Q3 25
13.6%
5.8%
Q2 25
16.6%
6.3%
Q1 25
9.5%
16.8%
Q4 24
9.0%
16.7%
Q3 24
14.9%
6.1%
Q2 24
19.0%
5.7%
EPS (diluted)
APLE
APLE
BKH
BKH
Q1 26
$0.12
$1.73
Q4 25
$0.13
$1.39
Q3 25
$0.21
$0.34
Q2 25
$0.27
$0.38
Q1 25
$0.13
$1.87
Q4 24
$0.13
$1.36
Q3 24
$0.23
$0.35
Q2 24
$0.31
$0.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APLE
APLE
BKH
BKH
Cash + ST InvestmentsLiquidity on hand
$7.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.1B
Total Assets
$4.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLE
APLE
BKH
BKH
Q1 26
$7.8M
Q4 25
$8.5M
$182.8M
Q3 25
$50.3M
$21.1M
Q2 25
$7.9M
$8.1M
Q1 25
$14.9M
$6.6M
Q4 24
$10.3M
$16.1M
Q3 24
$6.1M
$12.5M
Q2 24
$7.2M
$624.8M
Total Debt
APLE
APLE
BKH
BKH
Q1 26
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Stockholders' Equity
APLE
APLE
BKH
BKH
Q1 26
$3.1B
Q4 25
$3.1B
$3.8B
Q3 25
$3.2B
$3.8B
Q2 25
$3.2B
$3.6B
Q1 25
$3.2B
$3.6B
Q4 24
$3.3B
$3.5B
Q3 24
$3.3B
$3.4B
Q2 24
$3.3B
$3.4B
Total Assets
APLE
APLE
BKH
BKH
Q1 26
$4.9B
Q4 25
$4.9B
$10.9B
Q3 25
$4.9B
$10.3B
Q2 25
$4.9B
$10.1B
Q1 25
$4.9B
$10.1B
Q4 24
$5.0B
$10.0B
Q3 24
$5.0B
$9.7B
Q2 24
$5.1B
$10.2B
Debt / Equity
APLE
APLE
BKH
BKH
Q1 26
Q4 25
0.49×
Q3 25
0.47×
Q2 25
0.48×
Q1 25
0.48×
Q4 24
0.45×
Q3 24
0.46×
Q2 24
0.46×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APLE
APLE

Comparable Hotels Total Revenue$336.9M100%
RevPAR (Comparable Hotels)$114.6K0%

BKH
BKH

Segment breakdown not available.

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