Biglari Holdings (BH) Invested Capital (2017 - 2026)

Biglari Holdings' Invested Capital history runs 10 years deep, the most recent figure standing at $6.9 million for Q1 2026.

• On a quarterly basis, Invested Capital rose 62.22% year-over-year to $6.9 million in Q1 2026; TTM through Mar 2026 was $27.1 million, a 58.12% increase from a year earlier, with the FY2025 full-year figure at $7.4 million, up 84.89% from the prior year.
• Invested Capital slipped to $6.9 million in Q1 2026 per BH's latest filing, from $7.4 million in the prior quarter.
• Across five years, Invested Capital topped out at $7.6 million in Q3 2025 and bottomed at $4.0 million in Q4 2024.
• The 5-year median for Invested Capital is $5.0 million (2023), against an average of $5.4 million.
• Across the five-year window, Invested Capital declined 21.51% in 2023 and jumped 84.89% in 2025, its largest moves.
• Year by year, Invested Capital stood at $5.4 million in 2022, then declined by 9.82% to $4.8 million in 2023, then slipped by 17.4% to $4.0 million in 2024, then jumped by 84.89% to $7.4 million in 2025, then slipped by 6.51% to $6.9 million in 2026.
• Per Business Quant, the three latest BH Invested Capital figures stand at $6.9 million (Q1 2026), $7.4 million (Q4 2025), and $7.6 million (Q3 2025).