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Biglari Holdings stock: key metrics
BHBiglari Holdings had an operating margin of 4.6% and a return on invested capital (ROIC) of 2.5% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2005 | 27.6% | 8.0% | 4.4% |
| 2006 | 25.5% | 4.9% | 1.8% |
| 2007 | 75.2% | −1.3% | −3.8% |
| 2008 | 73.7% | 1.1% | 1.0% |
| 2009 | 25.6% | 7.4% | 4.2% |
| 2010 | 26.1% | 7.4% | 4.9% |
| 2011 | 25.8% | 5.9% | 2.9% |
| 2012 | 25.0% | 4.1% | 18.6% |
| 2013 | 20.4% | 1.5% | 12.2% |
| 2015 | 21.3% | 2.7% | −1.8% |
| 2016 | 21.4% | 3.7% | 11.7% |
| 2017 | 18.2% | 0.0% | 6.0% |
| 2018 | 18.3% | 4.5% | 2.4% |
| 2019 | 20.2% | 5.2% | 6.8% |
| 2020 | 31.6% | 14.0% | −8.8% |
| 2021 | 39.0% | 18.2% | 9.7% |
| 2022 | 41.5% | 22.3% | −8.7% |
| 2023 | 31.9% | 10.8% | 15.0% |
| 2024 | 38.3% | 6.4% | −1.0% |
| 2025 | 27.5% | 4.6% | −9.5% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2005 | 9.8% | 7.4% | 5.2% |
| 2006 | 3.9% | 5.3% | 2.1% |
| 2007 | −8.1% | −1.3% | −4.4% |
| 2008 | 2.1% | 1.5% | 1.2% |
| 2009 | 11.3% | 9.2% | 5.0% |
| 2010 | 12.4% | 9.9% | 5.1% |
| 2011 | 6.2% | 10.1% | 2.8% |
| 2012 | 24.8% | 4.2% | 14.2% |
| 2013 | 15.8% | 1.1% | 8.6% |
| 2015 | −3.5% | 2.7% | −1.6% |
| 2016 | 18.7% | 3.1% | 9.1% |
| 2017 | 8.8% | 0.0% | 4.7% |
| 2018 | 3.4% | 4.9% | 1.9% |
| 2019 | 7.4% | 3.6% | 4.0% |
| 2020 | −6.7% | 6.0% | −3.7% |
| 2021 | 6.0% | 8.6% | 4.0% |
| 2022 | −5.9% | 11.3% | −3.9% |
| 2023 | 9.2% | 5.9% | 6.5% |
| 2024 | −0.7% | 3.1% | −0.4% |
| 2025 | −7.2% | 2.5% | −3.7% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 7 Nov 2025)
- Valuation signal Overvalued since 12 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.