Black Hills (BKH) Return on Capital Employed (2010 - 2026)
Black Hills (BKH) posted quarterly Return on Capital Employed of 5.55% for Q1 2026, down 9.0% year-over-year from 6.1% in Q1 2025, and up 1.86% quarter-over-quarter from 5.45% in Q4 2025.
Black Hills (BKH) Return on Capital Employed (2010 - 2026) Analysis & Trends
Black Hills (BKH) has reported Return on Capital Employed for 17 consecutive years, with 5.55% the latest figure, recorded in Q1 2026.
- In Q1 2026, Return on Capital Employed fell 9.0% year-over-year to 5.55%; the TTM figure through Mar 2026 stood at 5.55% (down 9.0% YoY), while the FY2025 annual figure was 5.54%, down 2.0% from the prior year.
- Return on Capital Employed improved to 5.55% in Q1 2026 per BKH's latest filing, from 5.45% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 5.83% in Q4 2022 and bottomed at 5.06% in Q3 2024.
- Historically, Return on Capital Employed has averaged 5.52% across 5 years, with a median of 5.52% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed soared 79 bps — and 2024, when it plunged 72 bps.
- Black Hills' Return on Capital Employed stood at 5.83% in 2022, then dropped by 6 bps to 5.5% in 2023, then increased by 0 bps to 5.52% in 2024, then dropped by 1 bps to 5.45% in 2025, then grew by 2 bps to 5.55% in 2026.
- Business Quant data shows BKH's Return on Capital Employed at 5.55% in Q1 2026, 5.45% in Q4 2025, and 5.59% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.11 Bn | 28.58 Bn | - | 6.24% |
| 2 | Nisource | 20.21 Bn | 20.14 Bn | 867.50 Mn | 5.70% |
| 3 | Ugi | 8.27 Bn | 7.79 Bn | 573.00 Mn | 8.26% |
| 4 | Black Hills | 5.61 Bn | 5.53 Bn | - | 5.78% |
| 5 | New Jersey Resources | 5.59 Bn | 5.55 Bn | 243.61 Mn | 7.84% |
| 6 | ONE Gas | 5.17 Bn | 5.14 Bn | 272.01 Mn | 6.41% |
| 7 | Mdu Resources | 4.31 Bn | 4.27 Bn | - | 4.32% |
| 8 | Chesapeake Utilities | 3.32 Bn | 3.30 Bn | 150.20 Mn | 7.66% |
| 9 | Centuri Holdings | 2.23 Bn | 2.18 Bn | 69.14 Mn | 4.96% |
| 10 | Brookfield Infrastructure | 2.21 Bn | 1.44 Bn | 572.00 Mn | 13.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.78% |
| Mar 31, 2026 | 5.55% |
| Dec 31, 2025 | 5.45% |
| Sep 30, 2025 | 5.59% |
| Jun 30, 2025 | 5.77% |
| Mar 31, 2025 | 5.65% |
| Dec 31, 2024 | 5.52% |
| Sep 30, 2024 | 5.06% |
| Jun 30, 2024 | 5.65% |
| Mar 31, 2024 | 5.74% |
| Dec 31, 2023 | 5.50% |
| 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% |