Company / Return on Assets (ROA)
Black Hills Corporation Return on Assets (ROA) History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Return on Assets (ROA)
2.7%
FY2025
5-year range
2.2% / 2.7%
FY2021-FY2025
Trend
-1.5%
vs FY2024
Sector context
#35 of 72
Utilities
What the data says
At 2.7%, Black Hills Corporation's return on assets (roa) ranks #35 of 72 in the Utilities sector. Return on Assets (ROA) has fluctuated over the past 10 years, ranging from -0.5% in FY2017 to 3.2% in FY2020.
Based on SEC 10-K filings.
2.7% in FY2025 with a 5-year CAGR of -0.5%.
Improved from 2.5% to 2.7% over the past 2 years.
Utilities sector context is included.
Return on Assets (ROA) over time
Growth rates
- 3-Year Change
- -0.0pp
- 5-Year Change
- -0.5pp
- 10-Year Change
- -
Sector benchmark
#35 of 72 in UtilitiesTop 49% of 72This company 2.7% Sector average 2.5%
▼
+6.9% above sector average
Key checks
Key Insights
- In FY2025, return on assets (roa) decreased 1.5% year-over-year.
- Currently 0.2pp above the Utilities sector average.
- Peak return on assets (roa) was recorded in FY2020.
- Lowest return on assets (roa) in the period was in FY2017.
Company context
Key Data Points
- Altman Z-Score 0.72 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Return on Assets (ROA)Value | YoY GrowthYoY |
|---|---|---|
| FY2025 | 2.7% | -1.5% |
| FY2024 | 2.7% | +10.6% |
| FY2023 | 2.5% | -8.6% |
| FY2022 | 2.7% | +23.4% |
| FY2021 | 2.2% | -31.9% |
| FY2020 | 3.2% | +36.8% |
| FY2019 | 2.3% | +122.9% |
| FY2018 | 1.1% | +318.8% |
| FY2017 | -0.5% | -142.9% |
| FY2016 | 1.1% | +262.3% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026