BH Scorecard | BIGLARI HOLDINGS INC.

BIGLARI HOLDINGS INC. (BH) Scorecard

2026-Q2: Total return Win; Revenue growth Lose; EPS growth Lose.
2026-Q1: Total return Win; Revenue growth Lose; EPS growth Lose.
2025-Q4: Total return Win; Revenue growth Win; EPS growth Lose.
2025-Q3: Total return Win; Revenue growth Win; EPS growth Lose.

40 QUARTERS × 3 ROAST BATTLES

25/120 All 120 Win/Lose results shown below

Every strict quarterly win earns 1 point. A loss, tie, or unavailable scoring value earns 0.

Trailing 1 year (4 quarters): 6 wins, 6 lossesLast fetched: 4 Sept 2026

Complete point ledger

Each cell identifies the missing side explicitly.

Quarter	Total return	Revenue growth	EPS growth
2026-Q21/3	WinBH / S&P 29.26% / 15.20%	LoseBH / S&P 7.54% / 15.00%	LoseBH / S&P BH unavailable / 50.40%
2026-Q11/3	WinBH / S&P -0.85% / -4.33%	LoseBH / S&P 8.16% / 11.30%	LoseBH / S&P BH unavailable / 27.70%
2025-Q42/3	WinBH / S&P 2.71% / 2.65%	WinBH / S&P 9.15% / 9.00%	LoseBH / S&P BH unavailable / 13.40%
2025-Q32/3	WinBH / S&P 10.76% / 8.12%	WinBH / S&P 6.87% / 4.61%	LoseBH / S&P BH unavailable / 13.45%
2025-Q21/3	WinBH / S&P 34.95% / 10.94%	LoseBH / S&P 4.14% / 4.83%	LoseBH / S&P BH unavailable / 10.63%
2025-Q10/3	LoseBH / S&P -14.85% / -4.27%	LoseBH / S&P 0.85% / 4.98%	LoseBH / S&P BH unavailable / 10.57%
2024-Q41/3	WinBH / S&P 47.83% / 2.41%	LoseBH / S&P -0.88% / 5.25%	LoseBH / S&P BH unavailable / 6.15%
2024-Q30/3	LoseBH / S&P -11.05% / 5.89%	LoseBH / S&P -3.07% / 5.89%	LoseBH / S&P BH unavailable / 6.11%
2024-Q20/3	LoseBH / S&P 1.95% / 4.28%	LoseBH / S&P -3.21% / 5.38%	LoseBH / S&P BH unavailable / 5.12%
2024-Q11/3	WinBH / S&P 15.01% / 10.56%	LoseBH / S&P -2.26% / 5.71%	LoseBH / S&P BH unavailable / 5.59%
2023-Q40/3	LoseBH / S&P -0.64% / 11.69%	LoseBH / S&P -0.79% / 6.81%	LoseBH / S&P BH unavailable / 7.78%
2023-Q30/3	LoseBH / S&P -15.80% / -3.27%	LoseBH / S&P 1.19% / 7.52%	LoseBH / S&P BH unavailable / -5.03%
2023-Q21/3	WinBH / S&P 16.51% / 8.74%	LoseBH / S&P 4.30% / 9.50%	LoseBH / S&P BH unavailable / -8.57%
2023-Q11/3	WinBH / S&P 21.90% / 7.50%	LoseBH / S&P 4.44% / 10.77%	LoseBH / S&P BH unavailable / -15.69%
2022-Q41/3	WinBH / S&P 20.07% / 7.56%	LoseBH / S&P 0.58% / 11.88%	LoseBH / S&P BH unavailable / -17.99%
2022-Q30/3	LoseBH / S&P -5.79% / -4.88%	LoseBH / S&P -13.90% / 13.47%	LoseBH / S&P BH unavailable / -1.41%
2022-Q21/3	WinBH / S&P -15.15% / -16.10%	LoseBH / S&P -15.75% / 13.71%	LoseBH / S&P BH unavailable / 11.04%
2022-Q11/3	WinBH / S&P 1.43% / -4.60%	LoseBH / S&P -13.69% / 15.97%	LoseBH / S&P BH unavailable / 42.23%
2021-Q40/3	LoseBH / S&P -17.02% / 11.03%	LoseBH / S&P -15.58% / 15.00%	LoseBH / S&P BH unavailable / 96.40%
2021-Q31/3	WinBH / S&P 7.74% / 0.58%	LoseBH / S&P -0.64% / 10.77%	LoseBH / S&P BH unavailable / 69.42%
2021-Q21/3	WinBH / S&P 20.12% / 8.55%	LoseBH / S&P -16.75% / 6.58%	LoseBH / S&P BH unavailable / 51.81%
2021-Q11/3	WinBH / S&P 19.39% / 6.17%	LoseBH / S&P -31.16% / -1.06%	LoseBH / S&P BH unavailable / 7.39%
2020-Q41/3	WinBH / S&P 24.93% / 12.15%	LoseBH / S&P -35.16% / -3.72%	LoseBH / S&P BH unavailable / -33.42%
2020-Q31/3	WinBH / S&P 29.04% / 8.93%	LoseBH / S&P -35.82% / -2.04%	LoseBH / S&P BH unavailable / -27.10%
2020-Q21/3	WinBH / S&P 34.20% / 20.54%	LoseBH / S&P -28.45% / -0.46%	LoseBH / S&P BH unavailable / -27.11%
2020-Q10/3	LoseBH / S&P -55.08% / -19.60%	LoseBH / S&P -20.42% / 3.47%	LoseBH / S&P BH unavailable / -14.75%
2019-Q40/3	LoseBH / S&P 4.97% / 9.07%	LoseBH / S&P -13.78% / 5.36%	LoseBH / S&P BH unavailable / 2.99%
2019-Q31/3	WinBH / S&P 4.95% / 1.70%	LoseBH / S&P BH unavailable / 5.02%	LoseBH / S&P BH unavailable / 0.21%
2019-Q20/3	LoseBH / S&P -26.53% / 4.30%	LoseBH / S&P BH unavailable / 6.64%	LoseBH / S&P BH unavailable / 8.65%
2019-Q11/3	WinBH / S&P 24.46% / 13.65%	LoseBH / S&P BH unavailable / 8.12%	LoseBH / S&P BH unavailable / 14.29%
2018-Q40/3	LoseBH / S&P -37.37% / -13.52%	LoseBH / S&P BH unavailable / 9.05%	LoseBH / S&P BH unavailable / 18.23%
2018-Q30/3	LoseBH / S&P -1.17% / 7.71%	LoseBH / S&P BH unavailable / 10.21%	LoseBH / S&P BH unavailable / 19.06%
2018-Q20/3	LoseBH / S&P -32.61% / 3.43%	LoseBH / S&P BH unavailable / 9.03%	LoseBH / S&P BH unavailable / 14.46%
2018-Q10/3	LoseBH / S&P -1.45% / -0.76%	LoseBH / S&P BH unavailable / 7.68%	LoseBH / S&P BH unavailable / 12.46%
2017-Q41/3	WinBH / S&P 24.34% / 6.64%	LoseBH / S&P BH unavailable / 7.03%	LoseBH / S&P BH unavailable / 13.82%
2017-Q30/3	LoseBH / S&P -16.62% / 4.48%	LoseBH / S&P BH unavailable / 5.68%	LoseBH / S&P BH unavailable / 17.57%
2017-Q20/3	LoseBH / S&P -7.46% / 3.09%	LoseBH / S&P BH unavailable / 4.83%	LoseBH / S&P BH unavailable / 17.74%
2017-Q10/3	LoseBH / S&P -8.71% / 6.07%	LoseBH / S&P BH unavailable / 3.67%	LoseBH / S&P BH unavailable / 13.32%
2016-Q41/3	WinBH / S&P 8.53% / 3.82%	LoseBH / S&P BH unavailable / 2.09%	LoseBH / S&P BH unavailable / 7.05%
2016-Q31/3	WinBH / S&P 8.10% / 3.85%	LoseBH / S&P BH unavailable / 0.20%	LoseBH / S&P BH unavailable / -3.15%

Dividend-reinvested, split-adjusted total return

1Y · 2025-08-29 to 2026-08-27

Metric	BH total return	S&P 500 Total Return Index
Total return	21.95%	20.78%
Annualized return	21.95%	20.78%

5Y · 2021-09-01 to 2026-08-27

Metric	BH total return	S&P 500 Total Return Index
Total return	117.62%	83.14%
Annualized return	16.83%	12.86%

10Y · 2016-09-01 to 2026-08-27

Metric	BH total return	S&P 500 Total Return Index
Total return	28.20%	319.30%
Annualized return	2.52%	15.41%

Calculation rules

window: Latest 40 completed benchmark quarters; unavailable issuer evidence remains visible and scores 0.
return Basis: Issuer adjusted close reinvests distributions and normalizes splits; the S&P 500 Total Return Index is the direct benchmark.
point Rule: Strict same-quarter win = 1. Loss, tie or unavailable evidence = 0. No partial or subjective points.
frequency: Quarter endpoints only.
fundamentals: Trailing-four-quarter issuer revenue and EPS growth use the issuer's normalized government-filed facts.
non Scoring

Snapshot captured 2026-09-04.