BIGLARI HOLDINGS INC. (BH) Return on equity 2018–2025
BIGLARI HOLDINGS INC. (BH) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-7.2%FY2025 · since FY2018: 3.4% → -7.2%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | -7.2% | -6.5 pp |
| FY2024 | -0.7% | -9.8 pp |
| FY2023 | 9.2% | +15.0 pp |
| FY2022 | -5.9% | -11.9 pp |
| FY2021 | 6.0% | +12.8 pp |
| FY2020 | -6.7% | -14.1 pp |
| FY2019 | 7.4% | +4.0 pp |
| FY2018 | 3.4% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice