BH Key Financial Ratios - Biglari Holdings Inc.

Complete source-backed ratio history.

Historical Key Financial Ratios

Date	Current ratio	Debt/equity	ROA	ROE
2026-06-30	2.45	—	-2.81%	-5.47%
2026-03-31	2.47	—	-1.84%	-3.61%
2025-12-31	2.43	—	-3.66%	-7.16%
2025-09-30	2.83	—	0.19%	0.36%
2025-06-30	1.38	—	4.57%	6.70%
2025-03-31	1.14	—	-7.19%	-11.04%
2024-12-31	1.16	—	-0.43%	-0.66%
2024-09-30	1.47	—	5.91%	8.50%
2024-06-30	1.43	—	-4.63%	-6.59%
2024-03-31	1.42	—	1.43%	2.04%
2023-12-31	1.37	—	6.47%	9.17%
2023-09-30	1.1	—	2.46%	3.65%
2023-06-30	1.26	—	12.23%	17.67%
2023-03-31	1.25	—	3.66%	5.42%
2022-12-31	1.12	—	-3.86%	-5.85%
2022-09-30	1.22	—	-5.44%	-8.74%
2022-06-30	1.09	—	-11.58%	-17.71%
2022-03-31	1.17	—	-4.12%	-6.22%
2021-12-31	1.15	0.18	3.96%	6.04%
2021-09-30	1.12	—	8.34%	12.80%
2021-06-30	1.07	—	11.61%	17.67%
2021-03-31	1.14	—	17.88%	26.85%
2020-12-31	0.51	0.47	-3.73%	-6.73%
2020-09-30	0.5	—	-6.17%	-11.28%
2020-06-30	0.5	—	-8.28%	-15.66%
2020-03-31	0.46	0.51	-10.80%	-21.35%
2019-12-31	1.04	0.44	3.98%	7.36%
2019-09-30	0.57	0.45	6.43%	12.34%
2019-06-30	0.59	0.45	5.24%	10.05%
2019-03-31	0.66	0.47	2.75%	5.34%
2018-12-31	0.93	0.43	1.88%	3.40%
2018-09-30	0.93	0.48	4.76%	8.78%
2018-06-30	0.85	0.48	3.51%	6.52%
2018-03-31	0.87	0.47	6.28%	11.61%
2017-12-31	0.83	0.46	4.71%	8.76%

Date	Current ratio	Debt/equity	ROA	ROE
2025-12-31	2.43	—	-3.66%	-7.16%
2024-12-31	1.16	—	-0.43%	-0.66%
2023-12-31	1.37	—	6.47%	9.17%
2022-12-31	1.12	—	-3.86%	-5.85%
2021-12-31	1.15	0.18	3.96%	6.04%
2020-12-31	0.51	0.47	-3.73%	-6.73%
2019-12-31	1.04	0.44	3.98%	7.36%
2018-12-31	—	—	—	3.40%
2017-12-31	—	—	—	8.76%
2016-12-31	—	—	—	18.70%