Biglari Holdings Inc. (BH-A) EBITDA Margin (2017 - 2026)
Biglari Holdings' EBITDA Margin came in at -22.76% for Q2 2026, up 3.17 percentage points from -25.93% a year earlier and up 8.99 percentage points from the prior quarter.
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Biglari Holdings Inc. (BH-A) EBITDA Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Biglari Holdings reported EBITDA Margin of -28.06%, down 4.75 percentage points year-over-year; for FY2025, it came in at -25.75%, down 6.13 percentage points from FY2024.
- EBITDA Margin carries a five-year change of +26.19 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was -19.62% in FY2024 (-4.34 pp), -15.28% in FY2023 (+3.05 pp), -18.33% in FY2022 (+12.41 pp) and -30.74% in FY2021 (+21.20 pp).
- The Q2 2026 figure represents the highest quarterly EBITDA Margin since Q1 2025.
- Year-over-year, EBITDA Margin increased in two of the last eight quarters, with an average year-over-year change of -6.63 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in Q3 2022 (a gain of 24.35 percentage points), and the weakest in Q3 2024 (a drop of 17.16 percentage points).
- Business Quant data shows BH-A's EBITDA Margin at -31.75% (Q1 2026), -32.76% (Q4 2025) and -25.51% (Q3 2025) in the three quarters before Q2 2026.
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -22.76% |
| Mar 31, 2026 | -31.75% |
| Dec 31, 2025 | -32.76% |
| Sep 30, 2025 | -25.51% |
| Jun 30, 2025 | -25.93% |
| Mar 31, 2025 | -18.42% |
| Dec 31, 2024 | -24.09% |
| Sep 30, 2024 | -24.73% |
| Jun 30, 2024 | -8.84% |
| Mar 31, 2024 | -20.87% |
| Dec 31, 2023 | -22.48% |
| Sep 30, 2023 | -7.57% |
| Jun 30, 2023 | -15.82% |
| Mar 31, 2023 | -15.25% |
| Dec 31, 2022 | -15.51% |
| Sep 30, 2022 | -16.17% |
| Jun 30, 2022 | -17.15% |
| Mar 31, 2022 | -25.20% |
| Dec 31, 2021 | -23.76% |
| Sep 30, 2021 | -40.52% |
API Access
Biglari Holdings Inc. EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BH-A&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "BH-A", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BH-A&period=max&api_key=YOUR_API_KEY");
const data = await res.json();