BLACK HILLS CORP /SD/ (BKH) Return on equity 2016–2025
BLACK HILLS CORP /SD/ (BKH) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
7.6%FY2025 · since FY2016: 4.5% → 7.6%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 7.6% | -0.2 pp |
| FY2024 | 7.8% | -0.4 pp |
| FY2023 | 8.2% | -0.5 pp |
| FY2022 | 8.6% | +0.1 pp |
| FY2021 | 8.5% | -0.4 pp |
| FY2020 | 8.9% | +0.4 pp |
| FY2019 | 8.4% | -3.4 pp |
| FY2018 | 11.8% | +1.5 pp |
| FY2017 | 10.4% | +5.8 pp |
| FY2016 | 4.5% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice