Biglari Holdings Inc. (BH-A) Return on Capital Employed [ROCE] (2018 - 2026)
Biglari Holdings (BH-A) reported Return on Capital Employed [ROCE] of -17.57% for Q2 2026, up 0.36 percentage points from -17.93% a year earlier and up 0.25 percentage points from the prior quarter.
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Biglari Holdings Inc. (BH-A) Return on Capital Employed [ROCE] (2018 - 2026) Analysis & Trends
For FY2025, Biglari Holdings posted Return on Capital Employed [ROCE] of -18.05%, down 2.44 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of +14.53 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at -15.61% in FY2024 (-2.58 pp), -13.02% in FY2023 (+1.28 pp), -14.30% in FY2022 (+3.24 pp) and -17.54% in FY2021 (+15.04 pp).
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of -20.15% in Q3 2021 and a high of -12.42% in Q2 2024.
- Year over year, Return on Capital Employed [ROCE] gained in 1 of the last eight quarters, with an average year-over-year change of -1.93 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q3 2021 (a gain of 22.89 percentage points); the low point was Q2 2025 (a drop of 5.50 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -17.82% (Q1 2026), -15.90% (Q4 2025) and -15.83% (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -17.57% |
| Mar 31, 2026 | -17.82% |
| Dec 31, 2025 | -15.90% |
| Sep 30, 2025 | -15.83% |
| Jun 30, 2025 | -17.93% |
| Mar 31, 2025 | -15.76% |
| Dec 31, 2024 | -15.44% |
| Sep 30, 2024 | -14.97% |
| Jun 30, 2024 | -12.42% |
| Mar 31, 2024 | -13.33% |
| Dec 31, 2023 | -13.03% |
| Sep 30, 2023 | -12.92% |
| Jun 30, 2023 | -12.80% |
| Mar 31, 2023 | -13.33% |
| Dec 31, 2022 | -14.63% |
| Sep 30, 2022 | -16.02% |
| Jun 30, 2022 | -18.12% |
| Mar 31, 2022 | -18.10% |
| Dec 31, 2021 | -18.68% |
| Sep 30, 2021 | -20.15% |
API Access
Biglari Holdings Inc. Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=BH-A&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=BH-A&period=max&api_key=YOUR_API_KEY");
const data = await res.json();