BH-A vs MARA

Comparison between Biglari Holdings Inc - Class A (BH-A, Company) and MARA Holdings Inc (MARA, Company).

BH-A is from the Consumer Cyclical sector, while MARA is from the Financial Services sector.

5-Year PerformanceBH-A has outperformed MARA, delivering a return of +18.1% compared to -23.2%

BH-A vs MARA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BH-A(COMPANY)	MARA(COMPANY)
Market Cap	$4.28B	$4.28B
Max Drawdown	77.48%	99.74%
Sharpe Ratio	0.86	-0.26
5Y Beta	0.51	2.61
Industry	Restaurants	Capital Markets
P/E Ratio	192.33	-2.14
Forward P/E	N/A	40.98
PEG Ratio	N/A	-0.01
5Y EPS CAGR	N/A	110.81%
Debt to Equity	40.64%	108.25%
Free Cash Flow Yield	1.90%	-29.96%
P/S Ratio	3.32	4.94
P/B Ratio	1.70	1.93

Market Cap

BH-A

$4.28B

Winner

MARA

$4.28B

Max Drawdown

Winner

BH-A

77.48%

MARA

99.74%

Sharpe Ratio

Winner

BH-A

0.86

MARA

-0.26

5Y Beta

Winner

BH-A

0.51

MARA

2.61

Industry

BH-A

Restaurants

MARA

Capital Markets

P/E Ratio

BH-A

192.33

Winner

MARA

-2.14

Forward P/E

BH-A

N/A

MARA

40.98

PEG Ratio

BH-A

N/A

MARA

-0.01

5Y EPS CAGR

BH-A

N/A

MARA

110.81%

Debt to Equity

Winner

BH-A

40.64%

MARA

108.25%

Free Cash Flow Yield

Winner

BH-A

1.90%

MARA

-29.96%

P/S Ratio

Winner

BH-A

3.32

MARA

4.94

P/B Ratio

Winner

BH-A

1.70

MARA

1.93

BH-A vs MARA - Historical Returns

Returns include dividend reinvestment.

Period	BH-A	MARA
1 month	+1.44%	-24.13%
3 months	+44.71%	-28.60%
6 months	-8.04%	+24.80%
1 year	+37.19%	-38.95%
5 years(CAGR)	+18.11%	-23.17%
10 years(CAGR)	+6.18%	-14.61%
Max(CAGR)	+6.18%	-16.23%

Winner

BH-A

+1.44%

MARA

-24.13%

Winner

BH-A

+44.71%

MARA

-28.60%

BH-A

-8.04%

Winner

MARA

+24.80%

Winner

BH-A

+37.19%

MARA

-38.95%

5Y(CAGR)

Winner

BH-A

+18.11%

MARA

-23.17%

10Y(CAGR)

Winner

BH-A

+6.18%

MARA

-14.61%

Max(CAGR)

Winner

BH-A

+6.18%

MARA

-16.23%

BH-A vs MARA - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	BH-A	MARA
2026	+6.28%	-3.53%
2025	+37.01%	-47.82%
2024	+60.59%	-26.86%
2023	+14.88%	+590.88%
2022	-1.08%	-89.60%
2021	+20.87%	+198.46%
2020	-0.68%	+894.29%
2019	-5.44%	-42.21%
2018	-50.01%	-91.62%
2017	N/A	-42.74%
2016	N/A	+8.18%
2015	N/A	-80.86%
2014	N/A	+171.61%
2013	N/A	-48.99%
2012	N/A	-13.04%

BH-A vs MARA Drawdown Comparison

The maximum drawdown for BH-A was -77.48%, occurring on May 15, 2020. Recovery took 1668 trading sessions.

The maximum drawdown for MARA was -99.74%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The current BH-A drawdown is -21.63%. The current MARA drawdown is -93.82%.

Rank	BH-A	MARA
#1	-77.48% May 1, 2018 - Dec 16, 2024	-99.74% Dec 23, 2014 - Mar 18, 2020
#2	-45.84% Jan 21, 2026 - May 11, 2026	-77.39% May 4, 2012 - Sep 12, 2014
#3	-24.85% Dec 26, 2024 - Jun 18, 2025	-26.35% Sep 12, 2014 - Dec 4, 2014
#4	-22.73% Oct 27, 2025 - Dec 23, 2025	-4.78% Dec 16, 2014 - Dec 22, 2014
#5	-13.54% Jul 23, 2025 - Aug 15, 2025	-2.81% Dec 8, 2014 - Dec 15, 2014
#6	-8.99% Dec 17, 2024 - Dec 26, 2024	N/A
#7	-7.47% Dec 23, 2025 - Jan 6, 2026	N/A
#8	-5.99% Aug 28, 2025 - Oct 2, 2025	N/A
#9	-5.15% Aug 15, 2025 - Aug 27, 2025	N/A
#10	-3.02% Oct 9, 2025 - Oct 13, 2025	N/A
#11	-2.74% Jun 23, 2025 - Jul 8, 2025	N/A
#12	-2.20% Jan 16, 2026 - Jan 21, 2026	N/A
#13	-2.01% Jul 9, 2025 - Jul 17, 2025	N/A
#14	-1.31% Oct 15, 2025 - Oct 17, 2025	N/A
#15	-1.00% Oct 2, 2025 - Oct 7, 2025	N/A