Biglari Holdings Inc. (BH-A) Net Margin (2017 - 2026)
Biglari Holdings (BH-A) recorded Net Margin of 36.79% in Q2 2026, down 13.83 percentage points from 50.62% a year earlier but up 51.70 percentage points from the prior quarter.
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Biglari Holdings Inc. (BH-A) Net Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Biglari Holdings' Net Margin came in at -7.33% as of Jun 30, 2026, down 17.81 percentage points year-over-year; for FY2025, it came in at -9.48%, down 8.45 percentage points from FY2024.
- Annual Net Margin has a five-year change of -0.72 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at -1.04% in FY2024 (-16.08 pp), 15.04% in FY2023 (+23.74 pp), -8.70% in FY2022 (-18.39 pp) and 9.69% in FY2021 (+18.45 pp).
- Quarterly Net Margin has ranged from -79.88% in Q2 2022 to 71.95% in Q1 2023 over the past five years.
- On a year-over-year basis, Net Margin rose in three of the last eight quarters, with an average year-over-year change of +0.90 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 103.49 percentage points in Q2 2025, against a drop of 96.92 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -14.91% (Q1 2026), -49.92% (Q4 2025) and -5.30% (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.79% |
| Mar 31, 2026 | -14.91% |
| Dec 31, 2025 | -49.92% |
| Sep 30, 2025 | -5.30% |
| Jun 30, 2025 | 50.62% |
| Mar 31, 2025 | -35.01% |
| Dec 31, 2024 | -11.27% |
| Sep 30, 2024 | 35.53% |
| Jun 30, 2024 | -52.87% |
| Mar 31, 2024 | 25.24% |
| Dec 31, 2023 | 49.24% |
| Sep 30, 2023 | -62.15% |
| Jun 30, 2023 | 2.07% |
| Mar 31, 2023 | 71.95% |
| Dec 31, 2022 | 10.21% |
| Sep 30, 2022 | 34.78% |
| Jun 30, 2022 | -79.88% |
| Mar 31, 2022 | -0.35% |
| Dec 31, 2021 | -4.87% |
| Sep 30, 2021 | -13.00% |
API Access
Biglari Holdings Inc. Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=BH-A&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "BH-A", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=BH-A&period=max&api_key=YOUR_API_KEY");
const data = await res.json();