Growth Metrics

Biglari Holdings (BH-A) Tax Rate (2017 - 2026)

Biglari Holdings' quarterly Tax Rate came in at 23.04% in Q1 2026, up 384.0% year-on-year from 4.76% in Q1 2025, and up 3.91% quarter-over-quarter from 22.18% in Q4 2025.

Biglari Holdings has reported Tax Rate for 10 years, with the latest figure at 23.04% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 384.0% year-over-year to 23.04%; the trailing twelve-month figure through Mar 2026 stood at 26.18% (up 189.0% YoY), and the FY2025 full-year result was 21.39%, down 3251.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 23.04%, up from 22.18% in the prior quarter.
  • The five-year high for Tax Rate was 42.8% in Q4 2024, with the low at 11.94% in Q4 2023.
  • Average Tax Rate over 5 years is 25.24%, with a median of 23.19% recorded in 2024.
  • Year-over-year, Tax Rate sank 2882 bps in 2022 and soared 3086 bps in 2024.
  • Tracing BH-A's Tax Rate over 5 years: stood at 20.82% in 2022, then sank by 43 bps to 11.94% in 2023, then surged by 258 bps to 42.8% in 2024, then plunged by 48 bps to 22.18% in 2025, then climbed by 4 bps to 23.04% in 2026.
  • The last three Tax Rate figures came in at 23.04% (Q1 2026), 22.18% (Q4 2025), and 29.94% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Starbucks 110.27 Bn 108.58 Bn 9.40 Bn 29.84
2 Yum Brands 40.90 Bn 40.21 Bn 1.38 Bn 16.28
3 Chipotle Mexican Grill 39.62 Bn 38.75 Bn 2.61 Bn 25.38
4 Restaurant Brands International 25.25 Bn 25.79 Bn 2.14 Bn 7.87
5 Darden Restaurants 23.41 Bn 23.17 Bn 3.31 Bn 12.95
6 Yum China Holdings 15.07 Bn 13.64 Bn 3.24 Bn 27.21
7 Texas Roadhouse 11.59 Bn 11.39 Bn 1.40 Bn 14.31
8 Dominos Pizza 10.51 Bn 10.27 Bn 464.51 Mn 22.60
9 Cava 8.67 Bn 8.28 Bn 797.57 Mn 19.05
10 Biglari Holdings - - 60.02 Mn 23.04

Historic Data

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DateValue
Mar 31, 2026 23.04
Mar 31, 2026 23.04
Dec 31, 2025 22.18
Dec 31, 2025 22.18
Sep 30, 2025 29.94
Sep 30, 2025 29.94
Jun 30, 2025 21.77
Jun 30, 2025 21.77
Mar 31, 2025 19.20
Mar 31, 2025 19.20
Dec 31, 2024 42.80
Dec 31, 2024 42.80
Sep 30, 2024 25.85
Sep 30, 2024 25.85
Jun 30, 2024 23.40
Jun 30, 2024 23.40
Mar 31, 2024 23.19
Mar 31, 2024 23.19
Dec 31, 2023 11.94
Dec 31, 2023 11.94
Sep 30, 2023 23.65
Sep 30, 2023 23.65
Jun 30, 2023 35.18
Jun 30, 2023 35.18
Mar 31, 2023 23.15
Mar 31, 2023 23.15
Dec 31, 2022 20.82
Dec 31, 2022 20.82
Sep 30, 2022 23.05
Sep 30, 2022 23.05
Jun 30, 2022 23.54
Jun 30, 2022 23.54
Mar 31, 2022 36.46
Mar 31, 2022 36.46
Dec 31, 2021 49.65
Dec 31, 2021 49.65
Sep 30, 2021 28.60
Sep 30, 2021 28.60
Jun 30, 2021 23.01
Jun 30, 2021 23.01
Mar 31, 2021 23.49
Mar 31, 2021 23.49
Dec 31, 2020 23.62
Dec 31, 2020 23.62
Sep 30, 2020 21.02
Sep 30, 2020 21.02
Jun 30, 2020 25.80
Jun 30, 2020 25.80
Mar 31, 2020 24.12
Mar 31, 2020 24.12
Dec 31, 2019 16.74
Dec 31, 2019 16.74
Sep 30, 2019 97.31
Sep 30, 2019 97.31
Jun 30, 2019 21.16
Jun 30, 2019 21.16
Mar 31, 2019 15.08
Mar 31, 2019 15.08
Dec 31, 2018 19.45
Dec 31, 2018 19.45
Sep 30, 2018 44.97
Sep 30, 2018 44.97
Jun 30, 2018 10.56
Jun 30, 2018 10.56
Mar 31, 2018 30.52
Mar 31, 2018 30.52
Dec 31, 2017 -151.78
Dec 31, 2017 -151.78
Sep 30, 2017 50.53
Sep 30, 2017 50.53
Jun 30, 2017 39.71
Jun 30, 2017 39.71
Mar 31, 2017 38.19
Mar 31, 2017 38.19