Biglari Holdings Inc. (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.

• On a quarterly basis, Net Margin rose 2011.0% year-over-year to 14.91% in Q1 2026; TTM through Mar 2026 was 4.71%, a 1150.0% increase from a year earlier, with the FY2025 full-year figure at 9.48%, down 845.0% from the prior year.
• Net Margin climbed to 14.91% in Q1 2026 per BH-A's latest filing, from 49.92% in the prior quarter.
• Across five years, Net Margin topped out at 72.68% in Q1 2023 and bottomed at 79.88% in Q2 2022.
• The 5-year median for Net Margin is 0.35% (2022), against an average of 1.86%.
• Across the five-year window, Net Margin tumbled 9696 bps in 2023 and soared 10349 bps in 2025, its largest moves.
• Year by year, Net Margin stood at 9.89% in 2022, then soared by 398 bps to 49.24% in 2023, then sank by 123 bps to 11.27% in 2024, then sank by 343 bps to 49.92% in 2025, then jumped by 70 bps to 14.91% in 2026.
• Per Business Quant, the three latest BH-A Net Margin figures stand at 14.91% (Q1 2026), 49.92% (Q4 2025), and 5.3% (Q3 2025).