Biglari Holdings (BH) Gross Margin (2017 - 2026)
Biglari Holdings (BH) recorded Gross Margin of 62.10% in Q2 2026, up 1.90 percentage points from 60.21% a year earlier and up 0.54 percentage points from the prior quarter.
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Analysis
Biglari Holdings (BH) Gross Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Biglari Holdings' Gross Margin came in at 60.03% as of Jun 30, 2026, down 0.22 percentage points year-over-year; for FY2025, it was 59.19%, down 1.20 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +16.06 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 60.39% in FY2024 (-1.84 pp), 62.23% in FY2023 (+0.32 pp), 61.91% in FY2022 (+7.66 pp) and 54.25% in FY2021 (+11.13 pp).
- The Q2 2026 figure is the highest quarterly Gross Margin since Q4 2023.
- On a year-over-year basis, Gross Margin rose in four of the last eight quarters, with an average year-over-year change of -0.45 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 13.50 percentage points in Q4 2021, against a drop of 3.67 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 61.57% (Q1 2026), 58.26% (Q4 2025) and 58.05% (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.10% |
| Mar 31, 2026 | 61.57% |
| Dec 31, 2025 | 58.26% |
| Sep 30, 2025 | 58.05% |
| Jun 30, 2025 | 60.21% |
| Mar 31, 2025 | 60.27% |
| Dec 31, 2024 | 60.57% |
| Sep 30, 2024 | 59.95% |
| Jun 30, 2024 | 59.53% |
| Mar 31, 2024 | 61.52% |
| Dec 31, 2023 | 63.02% |
| Sep 30, 2023 | 59.54% |
| Jun 30, 2023 | 62.66% |
| Mar 31, 2023 | 63.70% |
| Dec 31, 2022 | 66.69% |
| Sep 30, 2022 | 60.71% |
| Jun 30, 2022 | 61.07% |
| Mar 31, 2022 | 58.59% |
| Dec 31, 2021 | 61.40% |
| Sep 30, 2021 | 49.21% |
API Access
Biglari Holdings Gross Margin 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=gross-margin&ticker=BH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();