Black Hills (BKH) Return on Capital Employed [ROCE] (2010 - 2026)
Black Hills (BKH) posted Return on Capital Employed [ROCE] of 5.78% for Q2 2026, unchanged from 5.77% a year earlier and up 0.22 percentage points from the prior quarter.
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Analysis
Black Hills (BKH) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For FY2025, Black Hills' Return on Capital Employed [ROCE] came in at 5.54%, down 0.02 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has declined for three consecutive years, with a five-year change of -0.47 percentage points (FY2020 to FY2025).
- In prior years, Black Hills' Return on Capital Employed [ROCE] was 5.55% in FY2024 (-0.05 pp), 5.60% in FY2023 (-0.30 pp), 5.91% in FY2022 (+0.59 pp) and 5.31% in FY2021 (-0.70 pp).
- The Q2 2026 figure stands as the highest quarterly Return on Capital Employed [ROCE] since Q3 2023.
- On a year-over-year basis, Return on Capital Employed [ROCE] increased in three of the last eight quarters, with an average year-over-year change of -0.04 percentage points.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q4 2022, with a gain of 0.79 percentage points; the weakest was Q4 2021, with a drop of 0.86 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was 5.55% (Q1 2026), 5.45% (Q4 2025) and 5.59% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 285.66 Bn | 285.66 Bn | 890.00 Mn | 34.35% |
| 2 | Nextera Energy | 159.27 Bn | 160.17 Bn | - | 4.32% |
| 3 | Southern | 96.02 Bn | 87.08 Bn | 5.92 Bn | 5.08% |
| 4 | Duke Energy | 88.50 Bn | 87.10 Bn | 6.74 Bn | 5.10% |
| 5 | National Grid | 78.31 Bn | 59.83 Bn | - | - |
| 6 | American Electric Power | 65.19 Bn | 63.57 Bn | 3.84 Bn | 4.97% |
| 7 | Dominion Energy | 53.46 Bn | 56.14 Bn | - | 3.53% |
| 8 | Sempra | 51.03 Bn | 50.16 Bn | 2.89 Bn | 4.60% |
| 9 | Entergy | 46.86 Bn | 36.05 Bn | - | 4.51% |
| 10 | Black Hills | 5.35 Bn | 5.05 Bn | - | 5.78% |
Historic Data
Download Data
Historic 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% |
API Access
Black Hills Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=BKH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "BKH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=BKH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();