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

Biglari Holdings' Net Margin history runs 10 years deep, the most recent figure standing at 14.91% for Q1 2026.

• In Q1 2026, Net Margin rose 2011.0% year-over-year to 14.91%; the TTM figure through Mar 2026 stood at 4.71% (up 1150.0% YoY), while the FY2025 annual figure was 9.48%, down 845.0% from the prior year.
• Net Margin was 14.91% for Q1 2026 at Biglari Holdings, up from 49.92% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 72.68% in Q1 2023 to a low of 79.88% in Q2 2022.
• Historically, Net Margin has averaged 1.86% across 5 years, with a median of 0.35% in 2022.
• The sharpest annual moves came in 2023 and 2025: Net Margin tumbled 9696 bps in 2023, then jumped 10349 bps in 2025.
• A 5-year view of Net Margin shows it stood at 9.89% in 2022, then soared by 398 bps to 49.24% in 2023, then tumbled by 123 bps to 11.27% in 2024, then tumbled by 343 bps to 49.92% in 2025, then jumped by 70 bps to 14.91% in 2026.
• The last three Net Margin figures came in at 14.91% (Q1 2026), 49.92% (Q4 2025), and 5.3% (Q3 2025), per Business Quant data.