Biglari Holdings (BH-A) EBT Margin (2017 - 2026)

Biglari Holdings' EBT Margin history runs 10 years deep, the most recent figure standing at 19.37% for Q1 2026.

• In Q1 2026, EBT Margin rose 2396.0% year-over-year to 19.37%; the TTM figure through Mar 2026 stood at 6.38% (up 1503.0% YoY), while the FY2025 annual figure was 12.07%, down 981.0% from the prior year.
• EBT Margin was 19.37% for Q1 2026 at Biglari Holdings, up from 64.14% in the prior quarter.
• In the past five years, EBT Margin ranged from a high of 94.57% in Q1 2023 to a low of 104.46% in Q2 2022.
• Historically, EBT Margin has averaged 3.1% across 5 years, with a median of 0.55% in 2022.
• The sharpest annual moves came in 2023 and 2025: EBT Margin slumped 12663 bps in 2023, then soared 13373 bps in 2025.
• A 5-year view of EBT Margin shows it stood at 12.49% in 2022, then surged by 348 bps to 55.91% in 2023, then sank by 135 bps to 19.71% in 2024, then tumbled by 225 bps to 64.14% in 2025, then surged by 70 bps to 19.37% in 2026.
• The last three EBT Margin figures came in at 19.37% (Q1 2026), 64.14% (Q4 2025), and 7.57% (Q3 2025), per Business Quant data.