Biglari Holdings Inc. (BH-A) Return on Invested Capital [ROIC] (2018 - 2026)
Biglari Holdings (BH-A) posted Return on Invested Capital [ROIC] of -15.38% for Q2 2026, up 1.92 percentage points from -17.30% a year earlier but down 0.28 percentage points from the prior quarter.
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Analysis
Biglari Holdings Inc. (BH-A) Return on Invested Capital [ROIC] (2018 - 2026) Analysis & Trends
For FY2025, Biglari Holdings' Return on Invested Capital [ROIC] came in at -16.14%, down 7.74 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +5.06 percentage points (FY2020 to FY2025).
- In prior years, Biglari Holdings' Return on Invested Capital [ROIC] was -8.40% in FY2024 (+5.54 pp), -13.94% in FY2023 (-0.40 pp), -13.53% in FY2022 (+2.09 pp) and -15.62% in FY2021 (+5.58 pp).
- Quarterly Return on Invested Capital [ROIC] has run from a low of -18.40% in Q3 2024 to a high of 0.00% in Q3 2025 over five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in two of the last four quarters, with an average year-over-year change of +3.31 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was -15.10% (Q1 2026), -14.12% (Q4 2025) and 0.00% (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -15.38% |
| Mar 31, 2026 | -15.10% |
| Dec 31, 2025 | -14.12% |
| Sep 30, 2025 | 0.00% |
| Jun 30, 2025 | -17.30% |
| Mar 31, 2025 | -13.80% |
| Dec 31, 2024 | -8.32% |
| Sep 30, 2024 | -18.40% |
| Mar 31, 2020 | -40.72% |
| Dec 31, 2019 | -48.80% |
| Sep 30, 2019 | -54.89% |
| Jun 30, 2019 | -66.53% |
| Mar 31, 2019 | -78.58% |
| Dec 31, 2018 | -80.23% |
| Sep 30, 2018 | 0.00% |
| Jun 30, 2018 | 0.00% |
| Mar 31, 2018 | -80.99% |
API Access
Biglari Holdings Inc. Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=BH-A&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=BH-A&period=max&api_key=YOUR_API_KEY");
const data = await res.json();