SuperworthBiglari profit margin BH-A
Gross, operating and net profit as a share of revenue over the last twelve months, from 2018.
- Net margin, 12 months
- −7.3%
- Operating margin, 12 months
- 5.9%
- Net margin on a year earlier
- −17.8 pts
- Peer median
- 4.9%
Over the twelve months to Jun 30, 2026, Biglari kept −7.3% of its revenue as net profit, with an operating margin of 5.9% and a gross margin of 60.0%.
Five years earlier its net margin was 28.0%.
The median for 10 restaurant stocks of a similar size is 4.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −9.5% | 5.2% | 59.2% |
| FY2024 | −1.0% | 6.1% | 60.4% |
| FY2023 | 15.0% | 9.7% | 62.2% |
| FY2022 | −8.7% | 11.5% | 61.9% |
| FY2021 | 9.7% | n/a | 54.3% |
| FY2020 | −8.8% | n/a | 31.6% |
| FY2019 | 6.8% | n/a | 20.2% |
| FY2018 | 2.4% | n/a | 18.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −7.3% | −17.8 pts | 5.9% | |
| Q1 FY26 | −4.7% | +11.5 pts | 5.2% | |
| Q4 FY25 | −9.5% | −8.4 pts | 5.2% | |
| Q3 FY25 | 0.5% | −13.6 pts | 5.9% | |
| Q2 FY25 | 10.5% | +20.8 pts | 4.9% | |
| Q1 FY25 | −16.2% | −19.7 pts | 5.0% | |
| Q4 FY24 | −1.0% | −16.1 pts | 6.1% | |
| Q3 FY24 | 14.1% | +8.7 pts | 6.0% | |
| Q2 FY24 | −10.3% | −39.4 pts | 6.9% | |
| Q1 FY24 | 3.5% | −5.4 pts | 8.6% | |
| Q4 FY23 | 15.0% | +23.7 pts | 9.7% | |
| Q3 FY23 | 5.5% | +18.2 pts | 32.0% |
Against its peers
Companies in Restaurants nearest Biglari's size, closest first, today.
| Company | Profit margin |
|---|---|
| BH-ABiglari | −7.3% |
| CAKECheesecake Factory | 4.6% |
| WINGWingstop | 16.2% |
| CAVACava | 4.8% |
| SHAKShake Shack | 2.6% |
| BROSDutch Bros | 4.9% |
| EATBrinker International | 8.4% |
| TXRHTexas Roadhouse | 6.6% |
| CBRLCracker Barrel Old Country Store | 1.0% |
| ARMKAramark | 1.9% |
| YUMCYum China | 7.8% |
| Peer median | 4.9% |
Where Biglari ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Biglari
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.