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Biglari Holdings (BH) Invested Capital (2016 - 2025)

Biglari Holdings has reported Invested Capital over the past 10 years, most recently at $530.8 million for Q4 2025.

  • Quarterly results put Invested Capital at $530.8 million for Q4 2025, down 8.0% from a year ago — trailing twelve months through Dec 2025 was $530.8 million (down 8.0% YoY), and the annual figure for FY2025 was $530.8 million, down 8.0%.
  • Invested Capital for Q4 2025 was $530.8 million at Biglari Holdings, down from $587.9 million in the prior quarter.
  • Over the last five years, Invested Capital for BH hit a ceiling of $646.4 million in Q1 2021 and a floor of $511.7 million in Q2 2022.
  • Median Invested Capital over the past 5 years was $594.0 million (2021), compared with a mean of $586.8 million.
  • Biggest five-year swings in Invested Capital: fell 17.53% in 2022 and later grew 21.38% in 2023.
  • Biglari Holdings' Invested Capital stood at $594.5 million in 2021, then fell by 5.64% to $560.9 million in 2022, then increased by 7.71% to $604.2 million in 2023, then fell by 4.5% to $577.0 million in 2024, then fell by 8.0% to $530.8 million in 2025.
  • The last three reported values for Invested Capital were $530.8 million (Q4 2025), $587.9 million (Q3 2025), and $594.5 million (Q2 2025) per Business Quant data.