Biglari Holdings (BH-A) Equity Ratio (2017 - 2026)

Biglari Holdings' Equity Ratio history runs 10 years deep, the most recent figure standing at 0.51 for Q1 2026.

• In Q1 2026, Equity Ratio fell 21.7% year-over-year to 0.51; the TTM figure through Mar 2026 stood at 0.51 (down 21.7% YoY), while the FY2025 annual figure was 0.51, down 22.83% from the prior year.
• Equity Ratio was 0.51 for Q1 2026 at Biglari Holdings, roughly flat from 0.51 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 1.65 in Q4 2022 to a low of 0.51 in Q1 2026.
• Historically, Equity Ratio has averaged 0.76 across 5 years, with a median of 0.67 in 2023.
• The sharpest annual moves came in 2022 and 2024: Equity Ratio soared 58.67% in 2022, then sank 59.01% in 2024.
• A 5-year view of Equity Ratio shows it stood at 1.65 in 2022, then retreated by 2.39% to 1.61 in 2023, then tumbled by 59.01% to 0.66 in 2024, then retreated by 22.83% to 0.51 in 2025, then declined by 0.13% to 0.51 in 2026.
• The last three Equity Ratio figures came in at 0.51 (Q1 2026), 0.51 (Q4 2025), and 0.54 (Q3 2025), per Business Quant data.