KPIs & Operating Metrics(New)
Growth Metrics

Black Hills (BKH) Invested Capital (2016 - 2026)

Black Hills has reported Invested Capital over the past 17 years, most recently at $8.6 billion for Q4 2025.

  • For Q4 2025, Invested Capital rose 13.84% year-over-year to $8.6 billion; the TTM value through Dec 2025 reached $8.6 billion, up 13.84%, while the annual FY2025 figure was $8.6 billion, 13.84% up from the prior year.
  • Invested Capital for Q4 2025 was $8.6 billion at Black Hills, up from $8.0 billion in the prior quarter.
  • Over five years, Invested Capital peaked at $8.6 billion in Q4 2025 and troughed at $6.3 billion in Q1 2021.
  • A 5-year average of $7.5 billion and a median of $7.6 billion in 2024 define the central range for Invested Capital.
  • Biggest five-year swings in Invested Capital: decreased 3.16% in 2022 and later grew 15.19% in 2023.
  • Year by year, Invested Capital stood at $7.5 billion in 2021, then dropped by 3.16% to $7.2 billion in 2022, then rose by 6.71% to $7.7 billion in 2023, then dropped by 1.9% to $7.6 billion in 2024, then increased by 13.84% to $8.6 billion in 2025.
  • Business Quant data shows Invested Capital for BKH at $8.6 billion in Q4 2025, $8.0 billion in Q3 2025, and $8.0 billion in Q2 2025.