Black Hills (BKH) Return on Capital Employed (2016 - 2026)

Black Hills has reported Return on Capital Employed over the past 16 years, most recently at 5.45% for Q4 2025.

For Q4 2025, Return on Capital Employed fell 7.0% year-over-year to 5.45%; the TTM value through Dec 2025 reached 5.45%, down 7.0%, while the annual FY2025 figure was 5.54%, 2.0% down from the prior year.
Return on Capital Employed for Q4 2025 was 5.45% at Black Hills, down from 5.59% in the prior quarter.
Over five years, Return on Capital Employed peaked at 5.83% in Q4 2022 and troughed at 0.71% in Q3 2024.
A 5-year average of 4.56% and a median of 5.38% in 2022 define the central range for Return on Capital Employed.
Biggest five-year swings in Return on Capital Employed: tumbled -510bps in 2023 and later soared 488bps in 2025.
Year by year, Return on Capital Employed stood at 5.04% in 2021, then rose by 16bps to 5.83% in 2022, then tumbled by -87bps to 0.74% in 2023, then soared by 650bps to 5.52% in 2024, then dropped by -1bps to 5.45% in 2025.
Business Quant data shows Return on Capital Employed for BKH at 5.45% in Q4 2025, 5.59% in Q3 2025, and 5.77% in Q2 2025.

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