Biglari Holdings Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 20, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	1,199	1,080	791	493	427	431
Market Cap Growth	26.75%	36.48%	60.59%	15.48%	-1.08%	18.80%
Enterprise Value	1,242	1,101	807.75	492.01	447.15	401.66
Last Close Price	1909.70	1740.05	1274.99	793.93	687.50	695.00
PE Ratio	-	-	-	4.19	-	6.21
PS Ratio	3.01	2.73	2.19	1.35	-	1.18
PB Ratio	2.31	2.06	1.38	-	0.78	-
P/TBV Ratio	1.12	1.01	0.72	-	0.44	-
P/FCF Ratio	14.71	14.10	41.50	9.93	-	2.63
P/OCF Ratio	10.75	10.10	15.93	6.75	-	1.89
EV/Sales Ratio	3.12	2.78	2.23	1.35	-	1.10
EV/EBITDA Ratio	19.74	30.74	20.71	8.94	-	7.31
EV/EBIT Ratio	57.09	-	-	30.62	-	16.12
EV/FCF Ratio	15.25	14.37	42.37	9.92	-	2.45
Debt / Equity Ratio	0.61	0.60	0.18	-	0.17	-
Debt / EBITDA Ratio	8.79	10.02	3.85	-	-	-
Debt / FCF Ratio	4.39	4.68	7.88	-	-	-
Net Debt / Equity Ratio	0.08	0.04	0.03	-	0.02	-
Net Debt / EBITDA Ratio	1.07	0.58	0.42	-0.01	-	-0.54
Net Debt / FCF Ratio	0.53	0.27	0.87	-0.01	-2.43	-0.18
Asset Turnover	0.39	0.42	0.58	0.61	0	0.46
Inventory Turnover	67.07	63.04	110.89	109.04	0	163.19
Quick Ratio	2.35	2.31	1.08	0.00	1.01	0.23
Current Ratio	2.47	2.43	1.16	0.00	1.12	0.23
Return on Equity (ROE)	-3.60%	-6.84%	-1.31%	19.99%	0.00%	12.56%
Return on Assets (ROA)	-0.03%	-0.41%	-0.06%	2.29%	0.00%	2.64%
Return on Invested Capital (ROIC)	-0.06%	-0.69%	-0.07%	-	0.00%	-
Return on Capital Employed (ROCE)	-0.05%	-0.63%	-0.18%	3.64%	0.00%	4.28%
Earnings Yield	-	-	-	23.87%	-	16.09%
FCF Yield	6.80%	7.09%	2.41%	10.07%	-	38.07%
Buyback Yield / Dilution	5.24%	6.73%	3.66%	2.70%	6.06%	8.09%
Total Shareholder Return	5.24%	6.73%	3.66%	2.70%	6.06%	8.09%

SEC Filings: 10-K · 10-Q