Biglari Holdings (BH) Invested Capital (2017 - 2026)
Biglari Holdings (BH) recorded Invested Capital of $782.29 million in Q2 2026, up 28.6% from $608.29 million a year earlier and up 3.1% from the prior quarter.
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Analysis
Biglari Holdings (BH) Invested Capital (2017 - 2026) Analysis & Trends
For FY2025, Biglari Holdings reported Invested Capital of $770.42 million, up 24.7% from FY2024.
- Annual Invested Capital has increased for three straight years, though with a five-year compound annual growth rate of -4.0% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $617.96 million in FY2024 (+3.1%), $599.33 million in FY2023 (+6.0%), $565.57 million in FY2022 (-3.8%) and $587.7 million in FY2021 (-37.8%).
- Quarterly Invested Capital has ranged from $565.57 million in Q4 2022 to $816.11 million in Q3 2025 over the past five years.
- On a year-over-year basis, Invested Capital has increased for five consecutive quarters, with growth averaging 18.8% over the last seven quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 33.6% in Q3 2025, against a decline of 37.8% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $759.1 million (Q1 2026), $770.42 million (Q4 2025) and $816.11 million (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 782.29 Mn |
| Mar 31, 2026 | 759.10 Mn |
| Dec 31, 2025 | 770.42 Mn |
| Sep 30, 2025 | 816.11 Mn |
| Jun 30, 2025 | 608.29 Mn |
| Mar 31, 2025 | 588.24 Mn |
| Dec 31, 2024 | 617.96 Mn |
| Sep 30, 2024 | 610.76 Mn |
| Jun 30, 2024 | 569.23 Mn |
| Dec 31, 2023 | 599.33 Mn |
| Sep 30, 2023 | 576.40 Mn |
| Jun 30, 2023 | 619.95 Mn |
| Mar 31, 2023 | 627.70 Mn |
| Dec 31, 2022 | 565.57 Mn |
| Sep 30, 2022 | 575.41 Mn |
| Dec 31, 2021 | 587.70 Mn |
| Sep 30, 2021 | 598.57 Mn |
| Jun 30, 2021 | 613.49 Mn |
| Mar 31, 2021 | 639.14 Mn |
| Dec 31, 2020 | 869.35 Mn |
API Access
Biglari Holdings Invested Capital 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=invested-capital&ticker=BH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=BH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();