Biglari Holdings Inc (BH) — Capital Reinvestment Ratio
Latest as of March 2026:
0.34x
Biglari Holdings Inc (BH) 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 BH cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.34x
Capex / Operating Cash Flow
Operating Cash Flow
$20.33 Million
USD
Capital Expenditures
$6.97 Million
USD
Data as of
Mar 2026
Most recent filing
Biglari Holdings Inc Capital Reinvestment Ratio (1991–2025)
This chart tracks Biglari Holdings Inc's Capital Reinvestment Ratio across 35 annual periods.
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 market cap of Biglari Holdings Inc.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow