Biglari Holdings Inc. (BH-A) Return on Invested Capital (2018 - 2026)

Biglari Holdings' Return on Invested Capital history runs 9 years deep, the most recent figure standing at 0.07% for Q1 2026.

• On a quarterly basis, Return on Invested Capital fell 3.0% year-over-year to 0.07% in Q1 2026; TTM through Mar 2026 was 0.07%, a 3.0% decrease from a year earlier, with the FY2025 full-year figure at 0.2%, down 8.0% from the prior year.
• Return on Invested Capital retreated to 0.07% in Q1 2026 per BH-A's latest filing, from 0.06% in the prior quarter.
• Across five years, Return on Invested Capital topped out at 0.04% in Q3 2025 and bottomed at 0.14% in Q1 2024.
• The 5-year median for Return on Invested Capital is 0.03% (2024), against an average of 0.03%.
• Across the five-year window, Return on Invested Capital retreated 13 bps in 2024 and gained 13 bps in 2025, its largest moves.
• Year by year, Return on Invested Capital stood at 0.01% in 2022, then plunged by 566 bps to 0.08% in 2023, then soared by 66 bps to 0.03% in 2024, then sank by 123 bps to 0.06% in 2025, then slipped by 5 bps to 0.07% in 2026.
• Per Business Quant, the three latest BH-A Return on Invested Capital figures stand at 0.07% (Q1 2026), 0.06% (Q4 2025), and 0.04% (Q3 2025).