Black Hills (BKH) Return on Equity [ROE] (2009 - 2026)
Black Hills' Return on Equity [ROE] came in at 7.65% for Q2 2026, down 0.22 percentage points from 7.87% a year earlier but up 0.18 percentage points from the prior quarter.
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Analysis
Black Hills (BKH) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Black Hills' Return on Equity [ROE] was 8.00%, down 0.23 percentage points from FY2024.
- Return on Equity [ROE] has declined in each of the last three years, with a five-year change of -1.47 percentage points (FY2020 to FY2025).
- Going back by year, Return on Equity [ROE] was 8.23% in FY2024 (-0.40 pp), 8.63% in FY2023 (-0.43 pp), 9.06% in FY2022 (+0.01 pp) and 9.05% in FY2021 (-0.42 pp).
- The five-year range for quarterly Return on Equity [ROE] is 7.48% (Q1 2026) to 9.38% (Q2 2022).
- Year-over-year, Return on Equity [ROE] has declined for three consecutive quarters, with an average year-over-year change of -0.40 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Equity [ROE] over five years came in Q2 2024 (a gain of 0.33 percentage points), and the weakest in Q2 2023 (a drop of 1.31 percentage points).
- Business Quant data shows BKH's Return on Equity [ROE] at 7.48% (Q1 2026), 7.73% (Q4 2025) and 7.72% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 10.07% |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | 11.06% |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 13.86% |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 8.33% |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 9.75% |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 10.32% |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 10.81% |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | 14.33% |
| 10 | Black Hills | 6.66 Bn | 6.44 Bn | 390.10 Mn | 8.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.09% |
| Jun 30, 2026 | 7.65% |
| Mar 31, 2026 | 7.48% |
| Dec 31, 2025 | 7.73% |
| Sep 30, 2025 | 7.72% |
| Jun 30, 2025 | 7.87% |
| Mar 31, 2025 | 7.90% |
| Dec 31, 2024 | 7.97% |
| Sep 30, 2024 | 7.63% |
| Jun 30, 2024 | 8.40% |
| Mar 31, 2024 | 8.63% |
| Dec 31, 2023 | 8.41% |
| Sep 30, 2023 | 8.32% |
| Jun 30, 2023 | 8.07% |
| Mar 31, 2023 | 8.51% |
| Dec 31, 2022 | 8.92% |
| Sep 30, 2022 | 9.02% |
| Jun 30, 2022 | 9.38% |
| Mar 31, 2022 | 9.28% |
| Dec 31, 2021 | 8.83% |
API Access
Black Hills Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=BKH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=BKH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();