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	Mar '26 Mar 13, 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	689	87	158	102	86	88
Market Cap Growth	-8.85%	-45.11%	54.18%	18.83%	-2.64%	28.21%
Enterprise Value	709.9	60.42	124.87	101.65	79.65	58.82
PE Ratio	-	-2.31	-18.91	0.87	-1.29	1.27
PS Ratio	1.74	0.22	0.44	0.28	-	0.24
PB Ratio	1.32	0.17	0.28	-	0.16	-
P/TBV Ratio	0.15	0.17	0.12	-	0.08	-
P/FCF Ratio	9.00	1.13	8.28	2.06	-17.60	0.54
P/OCF Ratio	6.44	0.81	3.18	1.40	-17.60	0.39
EV/Sales Ratio	1.80	0.15	0.34	0.28	-	0.16
EV/EBITDA Ratio	11.34	1.69	3.20	1.85	-	1.07
EV/EBIT Ratio	32.57	-12.15	-150.26	6.33	-	2.36
EV/FCF Ratio	9.27	0.79	6.55	2.05	-16.27	0.36
Debt / Equity Ratio	0.60	0.60	0.18	-	0.17	-
Debt / EBITDA Ratio	10.02	10.02	3.85	-	-	-
Debt / FCF Ratio	4.68	4.68	7.88	-	-24.27	-
Net Debt / Equity Ratio	0.04	0.04	0.03	-	0.02	-
Net Debt / EBITDA Ratio	0.58	0.58	0.42	-0.01	-	-0.54
Net Debt / FCF Ratio	0.27	0.27	0.87	-0.01	-2.43	-0.18
Asset Turnover	0.42	0.42	0.58	0.61	0	0.46
Inventory Turnover	63.04	63.04	110.89	109.04	0	163.19
Quick Ratio	2.31	2.31	1.08	0.00	1.01	0.23
Current Ratio	2.43	2.43	1.16	0.00	1.12	0.23
Return on Equity (ROE)	-6.84%	-6.84%	-1.31%	19.99%	0.00%	12.56%
Return on Assets (ROA)	-0.41%	-0.41%	-0.06%	2.29%	0.00%	2.64%
Return on Invested Capital (ROIC)	-0.61%	-0.61%	-0.07%	2.71%	0.00%	3.12%
Return on Capital Employed (ROCE)	-0.63%	-0.63%	-0.18%	3.64%	0.00%	4.28%
Earnings Yield	-5.44%	-43.28%	-5.29%	114.89%	-77.40%	78.44%
FCF Yield	11.12%	88.43%	12.08%	48.46%	-5.68%	185.60%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q