Biglari Holdings (BH-A) Gross Margin (2017 - 2026)
Biglari Holdings' quarterly Gross Margin came in at 61.57% in Q1 2026, up 130.0% year-on-year from 26.77% in Q1 2025, and down 36.93% quarter-over-quarter from 97.62% in Q4 2025.
Biglari Holdings has reported Gross Margin for 10 years, with the latest figure at 61.57% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 130.0% year-over-year to 61.57%; the trailing twelve-month figure through Mar 2026 stood at 88.44% (up 2836.0% YoY), and the FY2025 full-year result was 96.83%, up 3644.0% from the prior year.
- Gross Margin for Q1 2026 stood at 61.57%, down from 97.62% in the prior quarter.
- The five-year high for Gross Margin was 191.03% in Q4 2022, with the low at 59.53% in Q2 2024.
- Average Gross Margin over 5 years is 83.08%, with a median of 63.7% recorded in 2023.
- Year-over-year, Gross Margin jumped 25327 bps in 2022 and sank 9612 bps in 2023.
- Tracing BH-A's Gross Margin over 5 years: stood at 191.03% in 2022, then sank by 50 bps to 94.91% in 2023, then tumbled by 36 bps to 60.57% in 2024, then surged by 61 bps to 97.62% in 2025, then plunged by 37 bps to 61.57% in 2026.
- The last three Gross Margin figures came in at 61.57% (Q1 2026), 97.62% (Q4 2025), and 96.75% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 98.63% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 67.12% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 84.44% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 94.61% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 98.82% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 99.05% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 86.00% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 40.37% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 290.04% |
| 10 | Biglari Holdings | - | - | 60.02 Mn | 61.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 61.57% |
| Dec 31, 2025 | 97.62% |
| Sep 30, 2025 | 96.75% |
| Jun 30, 2025 | 97.14% |
| Mar 31, 2025 | 60.27% |
| Dec 31, 2024 | 60.57% |
| Sep 30, 2024 | 59.95% |
| Jun 30, 2024 | 59.53% |
| Mar 31, 2024 | 94.97% |
| Dec 31, 2023 | 94.91% |
| Sep 30, 2023 | 59.54% |
| Jun 30, 2023 | 62.66% |
| Mar 31, 2023 | 63.70% |
| Dec 31, 2022 | 191.03% |
| Sep 30, 2022 | 95.56% |
| Jun 30, 2022 | 61.07% |
| Mar 31, 2022 | 95.53% |
| Dec 31, 2021 | -62.24% |
| Sep 30, 2021 | 97.50% |
| Jun 30, 2021 | 97.25% |
| Mar 31, 2021 | 97.44% |
| Dec 31, 2020 | 286.70% |
| Sep 30, 2020 | 97.87% |
| Jun 30, 2020 | 47.40% |
| Mar 31, 2020 | 97.73% |
| Dec 31, 2019 | -214.58% |
| Sep 30, 2019 | 275.77% |
| Jun 30, 2019 | 21.74% |
| Mar 31, 2019 | 16.17% |
| Dec 31, 2018 | -225.81% |
| Sep 30, 2018 | 100.00% |
| Jun 30, 2018 | 23.08% |
| Mar 31, 2018 | 21.70% |
| Dec 31, 2017 | 336.35% |
| Sep 30, 2017 | 20.31% |
| Jun 30, 2017 | 21.82% |
| Mar 31, 2017 | 22.66% |