Biglari Holdings Inc. (BH) Earnings History
Annual and quarterly earnings data from 1991 to 2024
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BH EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
BH Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 38.3% | 6.4% | -1.0% |
| 2023 | 31.9% | 10.8% | 15.0% |
| 2022 | 41.5% | 22.3% | -8.7% |
| 2021 | 39.0% | 18.2% | 9.7% |
| 2020 | 31.6% | 14.0% | -8.8% |
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Biglari Holdings Inc. (BH) Earnings Overview
As of May 8, 2026, Biglari Holdings Inc. (BH) reported trailing twelve-month net income of $2M, reflecting -107.0% year-over-year growth. The company earned $0.67 per diluted share over the past four quarters, with a net profit margin of -1.0%.
Looking at the long-term picture, BH's historical earnings data spans multiple years. The company achieved its highest annual net income of $140M in fiscal 2013.
Biglari Holdings Inc. maintains positive profitability with a gross margin of 38.3%, operating margin of 6.4%, and net margin of -1.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including FRPH ($5M net income, 15.3% margin), LMFA (-$7M net income, -66.5% margin), CODI (-$227M net income, -12.2% margin), BH has room to improve margins relative to the peer group. Compare BH vs FRPH →
BH Earnings vs Peers
Earnings metrics vs comparable public companies
BH Historical Earnings Data (1991–2024)
34 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | -$4M | -106.8% | $23M | $-2.69 | -1.0% | 6.4% |
| 2023 | $55M | +271.6% | $39M | $38.55 | 15.0% | 10.8% |
| 2022 | -$32M | -190.2% | $82M | $-21.49 | -8.7% | 22.3% |
| 2021 | $35M | +193.4% | $67M | $22.37 | 9.7% | 18.2% |
| 2020 | -$38M | -183.7% | $61M | $-22.01 | -8.8% | 14.0% |
| 2019 | $45M | +134.0% | $35M | $26.33 | 6.8% | 5.2% |
| 2018 | $19M | -61.3% | $37M | $11.14 | 2.4% | 4.5% |
| 2017 | $50M | -49.7% | $267,000 | $27.20 | 6.0% | 0.0% |
| 2016 | $99M | +727.7% | $32M | $54.24 | 11.7% | 3.7% |
| 2015 | -$16M | -115.7% | $23M | $-6.79 | -1.8% | 2.7% |
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Start ComparisonBH — Frequently Asked Questions
Quick answers to the most common questions about buying BH stock.
Is BH growing earnings?
BH EPS fell to $0.67, with earnings declining -107.0%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $2M.
What are BH's profit margins?
Biglari Holdings Inc. net margin is -1.0%, with operating margin at +6.4%. Below-average margins reflect competitive or cost pressures.
How consistent are BH's earnings?
BH earnings data spans 1991-2024. The declining earnings trend is -107.0% YoY. Historical data enables comparison across business cycles.