Black Hills Corporation (BKH) Return on Invested Capital (ROIC): 4.63%
Is Black Hills Corporation’s return on invested capital (ROIC) high or low?
Black Hills Corporation's return on invested capital (ROIC) of 4.63% is in line with its 5-year average of 4.72%, near the low end of its 5-year range (4.60%–4.94%).
As of Saturday, June 20, 2026. 1.28% below its 12-month average of 4.69%.
BKH Return on Invested Capital (ROIC) Chart
BKH Average Return on Invested Capital (ROIC) Chart
BKH Current vs Average Return on Invested Capital (ROIC) Chart
BKH Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
4.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.38%
CURRENT VS TTM AVG
-1.28%
CURRENT VS 3Y AVG
-1.44%
CURRENT VS 5Y AVG
-1.94%
CURRENT VS 10Y AVG
-3.58%
CURRENT VS 15Y AVG
-0.84%
CURRENT VS 20Y AVG
+5.68%
BKH Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Black Hills Corporation (BKH) | $5.54B | 4.63% | 4.69% | 4.70% | 4.72% |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 1.08% | 1.24% | 3.55% | 3.27% |
| The AES Corporation (AES)vs › | $10.43B | 4.24% | 4.35% | 0.13% | 1.91% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.69B | 1.03% | 0.55% | 1.20% | 0.71% |
| Alliant Energy Corporation (LNT)vs › | $18.85B | 4.12% | 4.10% | 4.40% | 4.42% |
| Talen Energy Corporation (TLN)vs › | $19.81B | -0.72% | 1.46% | 1.71% | -0.86% |
| NiSource Inc. (NI)vs › | $22.66B | 4.51% | 4.33% | 4.19% | 3.63% |
| CMS Energy Corporation (CMS)vs › | $22.67B | 3.67% | 3.70% | 3.60% | 3.68% |
| American Water Works Company, Inc. (AWK)vs › | $24.42B | 4.21% | 4.23% | 4.13% | 4.06% |
| Eversource Energy (ES)vs › | $26.17B | 4.68% | 3.93% | 3.96% | 3.80% |
Capital Efficiency
ROIC
4.6%
ROE
7.3%
Black Hills Corporation Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Black Hills Corporation Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Black Hills Corporation (BKH)?
- The return on invested capital (ROIC) for BKH stock is 4.63%.
- Is Black Hills Corporation's return on invested capital (ROIC) high or low?
- Black Hills Corporation's return on invested capital (ROIC) of 4.63% is in line with its 5-year average of 4.72%, near the low end of its 5-year range (4.60%–4.94%).
- What is the TTM average return on invested capital (ROIC) for Black Hills Corporation (BKH)?
- The TTM average return on invested capital (ROIC) for BKH stock is 4.69%.
- What is the 3Y average return on invested capital (ROIC) for Black Hills Corporation (BKH)?
- The 3Y average return on invested capital (ROIC) for BKH stock is 4.70%.
- What is the 5Y average return on invested capital (ROIC) for Black Hills Corporation (BKH)?
- The 5Y average return on invested capital (ROIC) for BKH stock is 4.72%.
- What is the 10Y average return on invested capital (ROIC) for Black Hills Corporation (BKH)?
- The 10Y average return on invested capital (ROIC) for BKH stock is 4.80%.
- What is the 15Y average return on invested capital (ROIC) for Black Hills Corporation (BKH)?
- The 15Y average return on invested capital (ROIC) for BKH stock is 4.67%.
- What is the 20Y average return on invested capital (ROIC) for Black Hills Corporation (BKH)?
- The 20Y average return on invested capital (ROIC) for BKH stock is 4.38%.
Black Hills Corporation Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 4.63% |
| 2024-12-31 | 4.75% |
| 2023-12-31 | 4.79% |
| 2022-12-31 | 4.62% |
| 2021-12-31 | 4.60% |
| 2020-12-31 | 4.94% |
| 2019-12-31 | 5.02% |
| 2018-12-31 | 6.10% |
| 2017-12-31 | 4.95% |
| 2016-12-31 | 3.94% |
| 2015-12-31 | 4.48% |
| 2014-12-31 | 4.40% |
| 2013-12-31 | 4.73% |
| 2012-12-31 | 5.28% |
| 2011-12-31 | 3.54% |
| 2010-12-31 | 4.24% |
| 2009-12-31 | 3.09% |
| 2008-12-31 | 1.30% |
| 2007-12-31 | 4.27% |
| 2006-12-31 | 3.83% |
| 2005-12-31 | 3.14% |
| 2004-12-31 | 5.06% |
| 2003-12-31 | 4.80% |
| 2002-12-31 | 5.57% |
| 2001-12-31 | 6.09% |
| 2000-12-31 | 7.61% |
| 1999-12-31 | 7.63% |
| 1998-12-31 | 7.34% |
| 1997-12-31 | 8.97% |
| 1996-12-31 | 8.50% |
Related Metrics
About Black Hills Corporation
Black Hills Corporation operates as an American utility firm, delivering both electric power and natural gas through its subsidiaries. Its business is organized into two primary divisions: Electric Utilities and Gas Utilities. The Electric Utilities segment is responsible for generating, transmitting, and distributing electricity to approximately 218,000 customers spanning Colorado, Montana, South Dakota, and Wyoming. This division manages 1,481.5 megawatts of power generation capacity and maintains 8,892 miles of electric transmission and distribution lines. Electric power generation is diversified, utilizing wind, natural gas, and coal-fired plants, and the company also operates a coal mine near Gillette, Wyoming. Conversely, the Gas Utilities segment provides natural gas to roughly 1,094,000 utility clients across Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. This operation includes overseeing 4,732 miles of intrastate gas transmission pipelines, 41,644 miles of gas distribution mains and service lines, six natural gas storage facilities, around 50,000 horsepower of compression, and 515 miles of gathering lines. Beyond these core utility offerings, Black Hills Corporation also constructs and maintains gas infrastructure for various gas transportation customers. It provides appliance repair services for residential utility subscribers and offers electrical system construction to large industrial clients. Founded in 1941, the company's headquarters are situated in Rapid City, South Dakota.
- Sector
- Utilities
- Industry
- Diversified Utilities
- CEO
- Linden R. Evans