Black Hills Corporation (BKH)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 273,100 | 262,200 | 258,400 | 236,744 | 227,608 |
| Total stockholders’ equity | US$ in thousands | 3,501,500 | 3,215,300 | 2,994,900 | 2,787,090 | 2,561,380 |
| ROE | 7.80% | 8.15% | 8.63% | 8.49% | 8.89% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $273,100K ÷ $3,501,500K
= 7.80%
The return on equity (ROE) for Black Hills Corporation has shown a slight fluctuation over the past five years. Starting at 8.89% on December 31, 2020, the ROE decreased to 8.49% by December 31, 2021, before increasing to 8.63% by December 31, 2022. However, the trend reversed as the ROE declined to 8.15% by December 31, 2023, and further to 7.80% by December 31, 2024. This pattern indicates some inconsistency in the company's ability to generate profits from shareholders' equity. Further analysis of the company's financial performance and operations may be necessary to identify the factors impacting its ROE.
Peer comparison
Dec 31, 2024