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Side-by-side financial comparison of BLACK HILLS CORP (BKH) and Commercial Vehicle Group, Inc. (CVGI). Click either name above to swap in a different company.
BLACK HILLS CORP is the larger business by last-quarter revenue ($241.6M vs $154.8M, roughly 1.6× Commercial Vehicle Group, Inc.). On growth, BLACK HILLS CORP posted the faster year-over-year revenue change (-3.0% vs -5.2%). Over the past eight quarters, Commercial Vehicle Group, Inc.'s revenue compounded faster (-10.8% CAGR vs -22.0%).
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.
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...
BKH vs CVGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $241.6M | $154.8M |
| Net Profit | $133.1M | — |
| Gross Margin | — | 9.7% |
| Operating Margin | 83.6% | -1.2% |
| Net Margin | 55.1% | — |
| Revenue YoY | -3.0% | -5.2% |
| Net Profit YoY | -2.4% | — |
| EPS (diluted) | $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.
| Q1 26 | $241.6M | — | ||
| Q4 25 | $622.7M | $154.8M | ||
| Q3 25 | $427.4M | $152.5M | ||
| Q2 25 | $435.7M | $172.0M | ||
| Q1 25 | $800.4M | $169.8M | ||
| Q4 24 | $585.1M | $163.3M | ||
| Q3 24 | $398.6M | $171.8M | ||
| Q2 24 | $397.1M | $193.7M |
| Q1 26 | $133.1M | — | ||
| Q4 25 | $104.9M | — | ||
| Q3 25 | $24.9M | $-7.1M | ||
| Q2 25 | $27.5M | $-4.8M | ||
| Q1 25 | $134.3M | $-4.3M | ||
| Q4 24 | $98.0M | — | ||
| Q3 24 | $24.4M | $9.5M | ||
| Q2 24 | $22.8M | $-1.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.7% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | 10.6% |
| Q1 26 | 83.6% | — | ||
| Q4 25 | 27.5% | -1.2% | ||
| Q3 25 | 18.4% | -0.7% | ||
| Q2 25 | 18.9% | 0.5% | ||
| Q1 25 | 25.6% | 0.8% | ||
| Q4 24 | 27.9% | -3.2% | ||
| Q3 24 | 19.0% | -0.6% | ||
| Q2 24 | 17.8% | 0.5% |
| Q1 26 | 55.1% | — | ||
| Q4 25 | 16.8% | — | ||
| Q3 25 | 5.8% | -4.6% | ||
| Q2 25 | 6.3% | -2.8% | ||
| Q1 25 | 16.8% | -2.5% | ||
| Q4 24 | 16.7% | — | ||
| Q3 24 | 6.1% | 5.5% | ||
| Q2 24 | 5.7% | -0.8% |
| Q1 26 | $1.73 | — | ||
| Q4 25 | $1.39 | — | ||
| Q3 25 | $0.34 | — | ||
| Q2 25 | $0.38 | — | ||
| Q1 25 | $1.87 | — | ||
| Q4 24 | $1.36 | — | ||
| Q3 24 | $0.35 | — | ||
| Q2 24 | $0.33 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $104.9M |
| Stockholders' EquityBook value | — | $133.4M |
| Total Assets | — | $391.7M |
| Debt / EquityLower = less leverage | — | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $182.8M | — | ||
| Q3 25 | $21.1M | — | ||
| Q2 25 | $8.1M | — | ||
| Q1 25 | $6.6M | — | ||
| Q4 24 | $16.1M | — | ||
| Q3 24 | $12.5M | — | ||
| Q2 24 | $624.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $104.9M | ||
| Q3 25 | — | $108.2M | ||
| Q2 25 | — | $118.2M | ||
| Q1 25 | — | $117.4M | ||
| Q4 24 | — | $135.5M | ||
| Q3 24 | — | $128.8M | ||
| Q2 24 | — | $142.0M |
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $133.4M | ||
| Q3 25 | $3.8B | $136.5M | ||
| Q2 25 | $3.6B | $142.6M | ||
| Q1 25 | $3.6B | $136.7M | ||
| Q4 24 | $3.5B | $135.6M | ||
| Q3 24 | $3.4B | $179.3M | ||
| Q2 24 | $3.4B | $169.6M |
| Q1 26 | — | — | ||
| Q4 25 | $10.9B | $391.7M | ||
| Q3 25 | $10.3B | $400.3M | ||
| Q2 25 | $10.1B | $429.8M | ||
| Q1 25 | $10.1B | $419.8M | ||
| Q4 24 | $10.0B | $424.6M | ||
| Q3 24 | $9.7B | $495.3M | ||
| Q2 24 | $10.2B | $503.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 0.79× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | — | 0.72× | ||
| Q2 24 | — | 0.84× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $12.3M |
| Free Cash FlowOCF − Capex | — | $8.7M |
| FCF MarginFCF / Revenue | — | 5.6% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $168.1M | $12.3M | ||
| Q3 25 | $88.9M | $-1.7M | ||
| Q2 25 | $188.6M | $18.9M | ||
| Q1 25 | $227.8M | $15.2M | ||
| Q4 24 | $153.2M | $-26.6M | ||
| Q3 24 | $102.1M | $-17.1M | ||
| Q2 24 | $230.6M | $12.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-101.5M | $8.7M | ||
| Q3 25 | $-89.5M | $-3.5M | ||
| Q2 25 | $-30.3M | $17.4M | ||
| Q1 25 | $74.9M | $11.4M | ||
| Q4 24 | $-60.5M | $-30.6M | ||
| Q3 24 | $-86.0M | $-20.3M | ||
| Q2 24 | $64.4M | $6.4M |
| Q1 26 | — | — | ||
| Q4 25 | -16.3% | 5.6% | ||
| Q3 25 | -20.9% | -2.3% | ||
| Q2 25 | -7.0% | 10.1% | ||
| Q1 25 | 9.4% | 6.7% | ||
| Q4 24 | -10.3% | -18.7% | ||
| Q3 24 | -21.6% | -11.8% | ||
| Q2 24 | 16.2% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 43.3% | 2.3% | ||
| Q3 25 | 41.7% | 1.2% | ||
| Q2 25 | 50.2% | 0.9% | ||
| Q1 25 | 19.1% | 2.2% | ||
| Q4 24 | 36.5% | 2.4% | ||
| Q3 24 | 47.2% | 1.9% | ||
| Q2 24 | 41.9% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | — | ||
| Q3 25 | 3.57× | — | ||
| Q2 25 | 6.86× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 4.18× | -1.79× | ||
| Q2 24 | 10.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKH
Segment breakdown not available.
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
