KPIs & Operating Metrics(New)
Growth Metrics

Biglari Holdings (BH) Gross Margin (2017 - 2025)

Biglari Holdings (BH) has 9 years of Gross Margin data on record, last reported at 19.62% in Q4 2025.

  • For Q4 2025, Gross Margin rose 6256.0% year-over-year to 19.62%; the TTM value through Dec 2025 reached 59.19%, down 120.0%, while the annual FY2025 figure was 59.19%, 120.0% down from the prior year.
  • Gross Margin reached 19.62% in Q4 2025 per BH's latest filing, down from 96.75% in the prior quarter.
  • Across five years, Gross Margin topped out at 196.06% in Q4 2023 and bottomed at 42.94% in Q4 2024.
  • Average Gross Margin over 5 years is 82.63%, with a median of 95.04% recorded in 2024.
  • Peak YoY movement for Gross Margin: soared 17195bps in 2021, then plummeted -23900bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 96.45% in 2021, then soared by 64bps to 158.42% in 2022, then grew by 24bps to 196.06% in 2023, then crashed by -122bps to 42.94% in 2024, then surged by 146bps to 19.62% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 19.62% in Q4 2025, 96.75% in Q3 2025, and 60.21% in Q2 2025.