Biglari Holdings (BH) Invested Capital (2016 - 2026)

Biglari Holdings' Invested Capital history runs 11 years deep, the most recent figure standing at $526.1 million for Q1 2026.

• In Q1 2026, Invested Capital fell 3.31% year-over-year to $526.1 million; the TTM figure through Mar 2026 stood at $526.1 million (down 3.31% YoY), while the FY2025 annual figure was $530.8 million, down 8.0% from the prior year.
• Invested Capital was $526.1 million for Q1 2026 at Biglari Holdings, down from $530.8 million in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $626.2 million in Q1 2023 to a low of $511.7 million in Q2 2022.
• Historically, Invested Capital has averaged $575.6 million across 5 years, with a median of $577.0 million in 2024.
• The sharpest annual moves came in 2022 and 2023: Invested Capital dropped 17.53% in 2022, then increased 21.38% in 2023.
• A 5-year view of Invested Capital shows it stood at $552.3 million in 2022, then gained by 9.39% to $604.2 million in 2023, then decreased by 4.5% to $577.0 million in 2024, then decreased by 8.0% to $530.8 million in 2025, then declined by 0.89% to $526.1 million in 2026.
• The last three Invested Capital figures came in at $526.1 million (Q1 2026), $530.8 million (Q4 2025), and $587.9 million (Q3 2025), per Business Quant data.