Biglari Holdings Inc.
Returns on Capital
| Fiscal Year | ROE | ROI | ROA |
|---|---|---|---|
| FY2016 | 18.7% | 18.7% | — |
| FY2017 | 8.8% | 8.8% | — |
| FY2018 | 3.4% | 3.4% | — |
| FY2019 | 7.4% | 5.2% | 4.0% |
| FY2020 | -6.7% | -5.6% | -3.7% |
| FY2021 | 6.0% | 5.1% | 4.0% |
| FY2022 | -5.9% | -5.9% | -3.9% |
| FY2023 | 9.2% | 9.2% | 6.5% |
| FY2024 | -0.7% | -0.6% | -0.4% |
| FY2025 | -7.2% | -5.1% | -3.7% |