Black Hills (BKH) Return on Capital Employed (2010 - 2026)
Black Hills (BKH) recorded quarterly Return on Capital Employed of 5.55% in Q1 2026, up 1.86% quarter-over-quarter from 5.45% in Q4 2025, and up 469.0% on a YoY basis from 0.98% in Q1 2025.
Black Hills (BKH) Return on Capital Employed (2010 - 2026) Analysis & Trends
Black Hills' Return on Capital Employed history runs 17 years deep, the most recent figure standing at 5.55% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 469.0% year-over-year to 5.55%; the TTM figure through Mar 2026 stood at 5.55% (up 469.0% YoY), while the FY2025 annual figure was 5.54%, up 480.0% from the prior year.
- Return on Capital Employed was 5.55% for Q1 2026 at Black Hills, up from 5.45% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 5.83% in Q4 2022 to a low of 0.71% in Q3 2024.
- Historically, Return on Capital Employed has averaged 3.31% across 5 years, with a median of 5.3% in 2023.
- The sharpest annual moves came in 2023 and 2025: Return on Capital Employed slumped 510 bps in 2023, then surged 472 bps in 2025.
- A 5-year view of Return on Capital Employed shows it stood at 5.83% in 2022, then plunged by 87 bps to 0.74% in 2023, then climbed by 0 bps to 0.74% in 2024, then soared by 640 bps to 5.45% in 2025, then increased by 2 bps to 5.55% in 2026.
- The last three Return on Capital Employed figures came in at 5.55% (Q1 2026), 5.45% (Q4 2025), and 0.99% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | 6.07% |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 5.83% |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 8.41% |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 7.27% |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 5.55% |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 6.27% |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 4.23% |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | 5.21% |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 7.69% |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | 13.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.55% |
| Dec 31, 2025 | 5.45% |
| Sep 30, 2025 | 0.99% |
| Jun 30, 2025 | 0.99% |
| Mar 31, 2025 | 0.86% |
| Dec 31, 2024 | 0.74% |
| Sep 30, 2024 | 0.71% |
| Jun 30, 2024 | 1.01% |
| Mar 31, 2024 | 0.95% |
| Dec 31, 2023 | 0.74% |
| Sep 30, 2023 | 5.78% |
| Jun 30, 2023 | 5.30% |
| Mar 31, 2023 | 5.37% |
| Dec 31, 2022 | 5.83% |
| Sep 30, 2022 | 5.32% |
| Jun 30, 2022 | 5.39% |
| Mar 31, 2022 | 5.33% |
| Dec 31, 2021 | 5.04% |
| Sep 30, 2021 | 5.22% |
| Jun 30, 2021 | 5.53% |