Biglari Holdings Inc. (BH-A) Gross Margin (2017 - 2026)

Biglari Holdings' Gross Margin history runs 10 years deep, the most recent figure standing at 61.57% for Q1 2026.

• On a quarterly basis, Gross Margin fell 3418.0% year-over-year to 61.57% in Q1 2026; TTM through Mar 2026 was 41.33%, a 2792.0% decrease from a year earlier, with the FY2025 full-year figure at 59.19%, down 120.0% from the prior year.
• Gross Margin grew to 61.57% in Q1 2026 per BH-A's latest filing, from 51.35% in the prior quarter.
• Across five years, Gross Margin topped out at 97.14% in Q2 2025 and bottomed at 51.35% in Q4 2025.
• The 5-year median for Gross Margin is 61.52% (2024), against an average of 56.89%.
• Across the five-year window, Gross Margin slumped 15340 bps in 2022 and jumped 9869 bps in 2024, its largest moves.
• Year by year, Gross Margin stood at 66.69% in 2022, then tumbled by 157 bps to 38.13% in 2023, then surged by 259 bps to 60.57% in 2024, then sank by 185 bps to 51.35% in 2025, then soared by 220 bps to 61.57% in 2026.
• Per Business Quant, the three latest BH-A Gross Margin figures stand at 61.57% (Q1 2026), 51.35% (Q4 2025), and 58.05% (Q3 2025).