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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Biglari Holdings (BH) Operating Margin (2017 - 2025)

Biglari Holdings has reported Operating Margin over the past 9 years, most recently at 4.12% for Q4 2025.

  • Quarterly results put Operating Margin at 4.12% for Q4 2025, up 13455.0% from a year ago — trailing twelve months through Dec 2025 was 1.58% (up 4946.0% YoY), and the annual figure for FY2025 was 1.58%, up 3220.0%.
  • Operating Margin for Q4 2025 was 4.12% at Biglari Holdings, down from 3.62% in the prior quarter.
  • Over the last five years, Operating Margin for BH hit a ceiling of 127.04% in Q4 2021 and a floor of 138.67% in Q4 2024.
  • Median Operating Margin over the past 5 years was 1.08% (2024), compared with a mean of 11.77%.
  • Biggest five-year swings in Operating Margin: surged 17387bps in 2021 and later tumbled -13303bps in 2023.
  • Biglari Holdings' Operating Margin stood at 127.04% in 2021, then crashed by -101bps to 0.89% in 2022, then tumbled by -14918bps to 133.92% in 2023, then decreased by -4bps to 138.67% in 2024, then surged by 97bps to 4.12% in 2025.
  • The last three reported values for Operating Margin were 4.12% (Q4 2025), 3.62% (Q3 2025), and 0.79% (Q2 2025) per Business Quant data.