Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on equity (ROE) high or low?
The return on equity (ROE) of 7.31% is 12% below its 5-year average of 8.27%, near the low end of its 5-year range (7.31%–8.89%).
As of the fiscal period ended Wednesday, December 31, 2025. 5.25% below its 12-month average of 7.71%.
Annual fiscal-year return on equity; no daily interpolation.
RETURN ON EQUITY (ROE)
7.31%
RETURN ON EQUITY (ROE) AVG TTM
7.71%
RETURN ON EQUITY (ROE) AVG 3Y
8.05%
RETURN ON EQUITY (ROE) AVG 5Y
8.27%
RETURN ON EQUITY (ROE) AVG 10Y
7.51%
RETURN ON EQUITY (ROE) AVG 15Y
8.45%
RETURN ON EQUITY (ROE) AVG 20Y
8.90%
CURRENT VS TTM AVG
-5.25%
CURRENT VS 3Y AVG
-9.22%
CURRENT VS 5Y AVG
-11.55%
CURRENT VS 10Y AVG
-2.62%
CURRENT VS 15Y AVG
-13.52%
CURRENT VS 20Y AVG
-17.83%
SECTOR MEDIAN · UTILITIES
9.34%
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
-21.73%
vs the sector median at left
Black Hills Corporation
Market Cap
$5.39B
Return on Equity (ROE)
7.31%
TTM Avg
7.71%
3Y Avg
8.05%
5Y Avg
8.27%
Market Cap
$7.34B
Return on Equity (ROE)
-4.89%
TTM Avg
-18.26%
3Y Avg
23.20%
5Y Avg
2.19%
Market Cap
$3.22B
Return on Equity (ROE)
8.05%
TTM Avg
7.04%
3Y Avg
6.90%
5Y Avg
6.80%
Market Cap
$7.66B
Return on Equity (ROE)
11.83%
TTM Avg
10.19%
3Y Avg
0.96%
5Y Avg
7.21%
Market Cap
$2.83B
Return on Equity (ROE)
-11.35%
TTM Avg
-3.22%
3Y Avg
-22.52%
5Y Avg
33.03%
Market Cap
$2.77B
Return on Equity (ROE)
-33.06%
TTM Avg
-26.26%
3Y Avg
-41.18%
5Y Avg
-2.68%
Market Cap
$8.31B
Return on Equity (ROE)
0.04%
TTM Avg
6.52%
3Y Avg
10.72%
5Y Avg
7.84%
Market Cap
$2.03B
Return on Equity (ROE)
7.79%
TTM Avg
6.69%
3Y Avg
7.00%
5Y Avg
7.51%
Market Cap
$1.11B
Return on Equity (ROE)
0.59%
TTM Avg
-0.80%
3Y Avg
4.59%
5Y Avg
3.47%
| NAME | MARKET CAP | RETURN ON EQUITY (ROE) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Black Hills Corporation (BKH) | $5.39B | 7.31% | 7.71% | 8.05% | 8.27% |
| Oklo Inc. (OKLO)vs › | $7.34B | -4.89% | -18.26% | 23.20% | 2.19% |
| Avista Corporation (AVA)vs › | $3.22B | 8.05% | 7.04% | 6.90% | 6.80% |
| UGI Corporation (UGI)vs › | $7.66B | 11.83% | 10.19% | 0.96% | 7.21% |
| Fluence Energy, Inc. (FLNC)vs › | $2.83B | -11.35% | -3.22% | -22.52% | 33.03% |
| NuScale Power Corporation (SMR)vs › | $2.77B | -33.06% | -26.26% | -41.18% | -2.68% |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 0.04% | 6.52% | 10.72% | 7.84% |
| Northwest Natural Holding Company (NWN)vs › | $2.03B | 7.79% | 6.69% | 7.00% | 7.51% |
| XPLR Infrastructure, LP (XIFR)vs › | $1.11B | 0.59% | -0.80% | 4.59% | 3.47% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.02B | 4.56% | -1.33% | -1.06% | -1.77% |
ROE
7.3%
ROA
2.7%
ROE = Net Income / Total Shareholders' Equity
Return on equity measures how efficiently a company generates profit from shareholders' equity. Higher ROE indicates better capital efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON EQUITY (ROE) |
|---|---|
| 2025-12-31 | 7.63% |
| 2024-12-31 | 7.80% |
| 2023-12-31 | 8.15% |
| 2022-12-31 | 8.63% |
| 2021-12-31 | 8.49% |
| 2020-12-31 | 8.89% |
| 2019-12-31 | 8.44% |
| 2018-12-31 | 11.85% |
| 2017-12-31 | 10.36% |
| 2016-12-31 | 4.52% |
| 2015-12-31 | -2.19% |
| 2014-12-31 | 9.51% |
| 2013-12-31 | 8.98% |
| 2012-12-31 | 8.31% |
| 2011-12-31 | 4.11% |
| 2010-12-31 | 6.24% |
| 2009-12-31 | 7.52% |
| 2008-12-31 | 10.00% |
| 2007-12-31 | 10.18% |
| 2006-12-31 | 10.26% |
| 2005-12-31 | 4.52% |
| 2004-12-31 | 7.88% |
| 2003-12-31 | 8.63% |
| 2002-12-31 | 11.48% |
| 2001-12-31 | 17.10% |
| 2000-12-31 | 18.72% |
| 1999-12-31 | 17.13% |
| 1998-12-31 | 12.48% |
| 1997-12-31 | 15.77% |
| 1996-12-31 | 15.68% |
