Biglari Holdings (BH) EBT Margin (2017 - 2026)

Biglari Holdings' EBT Margin history runs 10 years deep, the most recent figure standing at 19.37% for Q1 2026.

• On a quarterly basis, EBT Margin rose 2396.0% year-over-year to 19.37% in Q1 2026; TTM through Mar 2026 was 6.38%, a 1503.0% increase from a year earlier, with the FY2025 full-year figure at 12.07%, down 981.0% from the prior year.
• EBT Margin improved to 19.37% in Q1 2026 per BH's latest filing, from 64.14% in the prior quarter.
• Across five years, EBT Margin topped out at 94.57% in Q1 2023 and bottomed at 104.46% in Q2 2022.
• The 5-year median for EBT Margin is 0.55% (2022), against an average of 3.1%.
• Across the five-year window, EBT Margin slumped 12663 bps in 2023 and surged 13373 bps in 2025, its largest moves.
• Year by year, EBT Margin stood at 12.49% in 2022, then surged by 348 bps to 55.91% in 2023, then tumbled by 135 bps to 19.71% in 2024, then sank by 225 bps to 64.14% in 2025, then surged by 70 bps to 19.37% in 2026.
• Per Business Quant, the three latest BH EBT Margin figures stand at 19.37% (Q1 2026), 64.14% (Q4 2025), and 7.57% (Q3 2025).