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

Biglari Holdings has reported Invested Capital for 11 years, with the latest figure at $526.1 million in Q1 2026.

• For the quarter ending Q1 2026, Invested Capital fell 3.31% year-over-year to $526.1 million; the trailing twelve-month figure through Mar 2026 stood at $526.1 million (down 3.31% YoY), and the FY2025 full-year result was $530.8 million, down 8.0% from the prior year.
• Invested Capital for Q1 2026 stood at $526.1 million, down from $530.8 million in the prior quarter.
• The five-year high for Invested Capital was $626.2 million in Q1 2023, with the low at $511.7 million in Q2 2022.
• Average Invested Capital over 5 years is $575.6 million, with a median of $577.0 million recorded in 2024.
• Year-over-year, Invested Capital fell 17.53% in 2022 and gained 21.38% in 2023.
• Tracing BH's Invested Capital over 5 years: stood at $552.3 million in 2022, then advanced by 9.39% to $604.2 million in 2023, then slipped by 4.5% to $577.0 million in 2024, then slipped by 8.0% to $530.8 million in 2025, then fell 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.

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