Biglari Holdings Inc. (BH-A) Invested Capital (2017 - 2026)

Biglari Holdings' Invested Capital history runs 10 years deep, the most recent figure standing at $6.9 million for Q1 2026.

• In Q1 2026, Invested Capital rose 62.22% year-over-year to $6.9 million; the TTM figure through Mar 2026 stood at $27.1 million (up 58.12% YoY), while the FY2025 annual figure was $7.4 million, up 84.89% from the prior year.
• Invested Capital for Q1 2026 stood at $6.9 million, down from $7.4 million in the prior quarter.
• The five-year high for Invested Capital was $7.6 million in Q3 2025, with the low at $4.0 million in Q4 2024.
• The 5-year median for Invested Capital is $5.0 million (2023), against an average of $5.4 million.
• The sharpest annual moves came in 2023 and 2025: Invested Capital decreased 21.51% in 2023, then jumped 84.89% in 2025.
• Biglari Holdings' Invested Capital stood at $5.4 million in 2022, then dropped by 9.82% to $4.8 million in 2023, then decreased by 17.4% to $4.0 million in 2024, then soared by 84.89% to $7.4 million in 2025, then decreased by 6.51% to $6.9 million in 2026.
• Business Quant data shows BH-A's Invested Capital at $6.9 million in Q1 2026, $7.4 million in Q4 2025, and $7.6 million in Q3 2025.