Biglari Holdings Inc (BH-A) — Capital Reinvestment Ratio
Biglari Holdings Inc (BH-A) has a Capital Reinvestment Ratio of 0.34x as of March 2026, meaning it reinvests 0% of its operating cash flow ($20.33 Million) in capital expenditures ($6.97 Million). See Biglari Holdings Inc net asset quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Biglari Holdings Inc Capital Reinvestment Ratio (1991–2025)
This chart tracks Biglari Holdings Inc's Capital Reinvestment Ratio across 35 annual periods. Check BH-A total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Biglari Holdings Inc (1991–2025)
Year-by-year Capital Reinvestment Ratio for Biglari Holdings Inc from 1991 to 2025. For live market cap and broader valuation context, see BH-A market cap overview.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.28x | $106.96 Million | $30.35 Million | ▼ -53.9% |
| 2024 | 0.62x | $49.66 Million | $30.59 Million | ▲ +92.2% |
| 2023 | 0.32x | $73.00 Million | $23.41 Million | ▲ +37.8% |
| 2022 | 0.23x | $127.83 Million | $29.75 Million | ▼ -17.5% |
| 2021 | 0.28x | $228.77 Million | $64.55 Million | ▲ +60.2% |
| 2020 | 0.18x | $117.56 Million | $20.70 Million | ▼ -6.7% |
| 2019 | 0.19x | $93.68 Million | $17.68 Million | ▼ -78.1% |
| 2018 | 0.86x | $20.68 Million | $17.80 Million | ▲ +176.2% |
| 2017 | 0.31x | $25.78 Million | $8.03 Million | ▲ +64.1% |
| 2016 | 0.19x | $63.35 Million | $12.03 Million | ▼ -10.0% |
| 2015 | 0.21x | $52.50 Million | $11.08 Million | ▼ -83.7% |
| 2014 | 1.30x | $27.57 Million | $35.81 Million | ▲ +255.6% |
| 2013 | 0.37x | $38.79 Million | $14.17 Million | ▲ +110.3% |
| 2012 | 0.17x | $49.97 Million | $8.68 Million | ▼ -4.5% |
| 2011 | 0.18x | $71.58 Million | $13.02 Million | ▲ +44.3% |
| 2010 | 0.13x | $68.62 Million | $8.65 Million | ▲ +14.7% |
| 2009 | 0.11x | $52.31 Million | $5.75 Million | ▼ -91.5% |
| 2008 | 1.29x | $24.43 Million | $31.44 Million | ▼ -18.6% |
| 2007 | 1.58x | $43.43 Million | $68.64 Million | ▲ +21.6% |
| 2006 | 1.30x | $69.58 Million | $90.44 Million | ▲ +31.3% |
| 2005 | 0.99x | $64.28 Million | $63.62 Million | ▲ +1.4% |
| 2004 | 0.98x | $47.39 Million | $46.28 Million | ▲ +61.2% |
| 2003 | 0.61x | $50.70 Million | $30.71 Million | ▼ -19.4% |
| 2002 | 0.75x | $55.01 Million | $41.35 Million | ▼ -18.9% |
| 2001 | 0.93x | $40.13 Million | $37.20 Million | ▼ -51.0% |
| 2000 | 1.89x | $38.86 Million | $73.46 Million | ▼ -5.8% |
| 1999 | 2.01x | $33.40 Million | $67.00 Million | ▲ +43.2% |
| 1998 | 1.40x | $36.70 Million | $51.40 Million | ▼ -19.0% |
| 1997 | 1.73x | $30.20 Million | $52.20 Million | ▲ +7.7% |
| 1996 | 1.60x | $28.80 Million | $46.20 Million | ▼ -21.5% |
| 1995 | 2.04x | $21.00 Million | $42.90 Million | ▲ +76.5% |
| 1994 | 1.16x | $17.80 Million | $20.60 Million | ▼ -31.2% |
| 1993 | 1.68x | $8.80 Million | $14.80 Million | ▲ +137.4% |
| 1992 | 0.71x | $9.60 Million | $6.80 Million | ▲ +14.0% |
| 1991 | 0.62x | $10.30 Million | $6.40 Million | — |