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Growth Metrics

Biglari Holdings (BH) Equity Ratio (2017 - 2026)

Biglari Holdings' quarterly Equity Ratio came in at 0.51 in Q1 2026, down 21.7% year-on-year from 0.65 in Q1 2025, and little changed quarter-over-quarter from 0.51 in Q4 2025.

Biglari Holdings has reported Equity Ratio for 10 years, with the latest figure at 0.51 in Q1 2026.

  • For the quarter ending Q1 2026, Equity Ratio fell 21.7% year-over-year to 0.51; the trailing twelve-month figure through Mar 2026 stood at 0.51 (down 21.7% YoY), and the FY2025 full-year result was 0.51, down 22.83% from the prior year.
  • Equity Ratio for Q1 2026 stood at 0.51, roughly flat from 0.51 in the prior quarter.
  • The five-year high for Equity Ratio was 1.65 in Q4 2022, with the low at 0.51 in Q1 2026.
  • Average Equity Ratio over 5 years is 0.76, with a median of 0.67 recorded in 2023.
  • Year-over-year, Equity Ratio surged 58.67% in 2022 and sank 59.01% in 2024.
  • Tracing BH's Equity Ratio over 5 years: stood at 1.65 in 2022, then decreased by 2.39% to 1.61 in 2023, then slumped by 59.01% to 0.66 in 2024, then decreased by 22.83% to 0.51 in 2025, then fell by 0.13% to 0.51 in 2026.
  • The last three Equity Ratio figures came in at 0.51 (Q1 2026), 0.51 (Q4 2025), and 0.54 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Starbucks 110.27 Bn 108.58 Bn 9.40 Bn -0.28
2 Yum Brands 40.90 Bn 40.21 Bn 1.38 Bn -0.89
3 Chipotle Mexican Grill 39.62 Bn 38.75 Bn 2.61 Bn 0.27
4 Restaurant Brands International 25.25 Bn 25.79 Bn 2.14 Bn 0.21
5 Darden Restaurants 23.41 Bn 23.17 Bn 3.31 Bn 0.16
6 Yum China Holdings 15.07 Bn 13.64 Bn 3.24 Bn 0.50
7 Texas Roadhouse 11.59 Bn 11.39 Bn 1.40 Bn 0.42
8 Dominos Pizza 10.51 Bn 10.27 Bn 464.51 Mn -2.12
9 Cava 8.67 Bn 8.28 Bn 797.57 Mn 0.57
10 Biglari Holdings 616.65 Mn 416.58 Mn 60.02 Mn 0.51

Historic Data

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DateValue
Mar 31, 2026 0.51
Dec 31, 2025 0.51
Sep 30, 2025 0.54
Jun 30, 2025 0.68
Mar 31, 2025 0.65
Dec 31, 2024 0.66
Sep 30, 2024 0.70
Jun 30, 2024 0.70
Mar 31, 2024 0.70
Dec 31, 2023 1.61
Sep 30, 2023 0.67
Jun 30, 2023 0.69
Mar 31, 2023 0.68
Dec 31, 2022 1.65
Sep 30, 2022 0.63
Jun 30, 2022 0.65
Mar 31, 2022 0.66
Dec 31, 2021 1.04
Sep 30, 2021 0.65
Jun 30, 2021 0.66
Mar 31, 2021 0.67
Dec 31, 2020 1.00
Sep 30, 2020 0.55
Jun 30, 2020 0.53
Mar 31, 2020 0.51
Dec 31, 2019 0.81
Sep 30, 2019 0.52
Jun 30, 2019 0.52
Mar 31, 2019 0.52
Dec 31, 2018 0.63
Sep 30, 2018 0.54
Jun 30, 2018 0.54
Mar 31, 2018 0.54
Dec 31, 2017 1.53