S&P 500 7,680.39 â–ŧ 31.37 (-0.41%) DOW 53,221.10 â–ŧ 338.89 (-0.63%) NASDAQ 26,306.73 â–ŧ 95.70 (-0.36%) US Markets Closed â€ĸ 10:03 PM ET

BH

Biglari Holdings Inc.

Price Chart
Latest Quote

$388.48

+11.51 (+3.05%)
Current Price
Previous Close $376.97
Open $375.03
Day High $395.46
Day Low $376.30
Volume 153,875
Fetched: 2026-09-01T02:03:44
Stock Information
Shares Outstanding 2.11M
Total Debt $358.45M
Cash Equivalents $342.72M
Revenue $405.61M
Net Income $-29.75M
Sector Consumer Cyclical
Industry Restaurants
Market Cap $1.24B
EPS (TTM) $-22.92
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$263.15M
Sales$405.61M
Income$-29.75M
Book/sh$866.17
Cash/sh$162.27
Employees2K
Financial Ratios
Quick Ratio2.34
Current Ratio2.45
Debt/Eq65.92
EPS Growth TTM-21.60%
Returns & Margins
ROA1.56%
ROE-5.25%
Gross Margin39.13%
Operating Margin7.74%
Profit Margin-7.33%
Ownership
Insider Ownership0.43%
Institutional Ownership95.27%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E-52.14
PEG-18.80
P/S3.05
P/B0.45
Analyst Data
Recommendationnone
Technical Indicators
SMA20$386.52
SMA50$388.79
SMA200$348.97
RSI53.95
ATR16.0493
Shares Float185K
Short Ratio0.72
Volatility0.53
Rel Volume0.93
Performance History
Week+2.76%
Month-2.27%
Quarter+30.08%
6 Months+15.48%
YTD+13.04%
Year+21.48%
3 Years+108.29%
5 Years+117.54%
10 Years+31.36%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-08-31 $388.48 153,875
2026-08-28 $376.97 62,700
2026-08-27 $379.12 102,400
2026-08-26 $383.07 65,700
2026-08-25 $379.70 47,800
2026-08-24 $378.04 47,700
2026-08-21 $388.85 119,200
2026-08-20 $390.90 106,100
2026-08-19 $390.20 308,100
2026-08-18 $383.30 399,500
2026-08-17 $391.30 345,000
2026-08-14 $385.03 103,900
2026-08-13 $388.16 98,400
2026-08-12 $390.96 161,400
2026-08-11 $382.84 279,400
2026-08-10 $385.62 244,000
2026-08-07 $386.55 117,000
2026-08-06 $390.23 252,600
2026-08-05 $397.99 120,400
2026-08-04 $393.04 188,300
2026-08-03 $391.75 258,600
About Biglari Holdings Inc.

Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. It also engages in underwriting commercial truck insurance, including selling physical damage and non-trucking liability insurance to truckers; and property and casualty insurance and reinsurance. In addition, the company operates oil and natural gas properties offshore in Louisiana state waters and in the Permian Basin; and publishes, licenses, and sells magazines under the MAXIM brand names. Further, it involved investment activities. The company was formerly known as The Steak n Shake Company and changed its name to Biglari Holdings Inc. in April 2010. Biglari Holdings Inc. was founded in 1934 and is based in San Antonio, Texas.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $245,846,000 $223,492,000 $209,962,000 $215,449,000
Cost Of Revenue $245,846,000 $223,492,000 $209,962,000 $215,449,000
Total Revenue $395,261,000 $362,114,000 $365,318,000 $368,231,000
Operating Revenue $395,261,000 $362,114,000 $365,318,000 $368,231,000
Expenses
Interest Expense $13,642,000 $6,132,000 $5,795,000 $5,892,000
Total Expenses $373,463,000 $339,006,000 $325,943,000 $322,500,000
Other Income Expense $-55,847,000 $-25,130,000 $31,267,000 $-82,866,000
Net Non Operating Interest Income Expense $-13,642,000 $-6,132,000 $-5,795,000 $-5,892,000
Interest Expense Non Operating $13,642,000 $6,132,000 $5,795,000 $5,892,000
Operating Expense $127,617,000 $115,514,000 $115,981,000 $107,051,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-37,488,000 $-3,759,000 $54,948,000 $-32,018,000
Net Interest Income $-13,642,000 $-6,132,000 $-5,795,000 $-5,892,000
Normalized Income $-46,255,044 $-16,342,120 $44,818,622 $-26,827,667
Net Income From Continuing And Discontinued Operation $-37,488,000 $-3,759,000 $54,948,000 $-32,018,000
Net Income Common Stockholders $-37,488,000 $-3,759,000 $54,948,000 $-32,018,000
Net Income $-37,488,000 $-3,759,000 $54,948,000 $-32,018,000
Net Income Including Noncontrolling Interests $-37,488,000 $-3,759,000 $55,539,000 $-32,305,000
Net Income Continuous Operations $-37,488,000 $-3,759,000 $55,539,000 $-32,305,000
Pretax Income $-47,691,000 $-8,154,000 $64,847,000 $-43,027,000
Special Income Charges $10,626,000 $15,593,000 $9,616,000 $-3,520,000
Earnings From Equity Interest $-67,001,000 $-41,058,000 $19,440,000 $-75,953,000
Operating Income $21,798,000 $23,108,000 $39,375,000 $45,731,000
Depreciation Amortization Depletion Income Statement $40,779,000 $39,843,000 $38,979,000 $36,443,000
Gross Profit $149,415,000 $138,622,000 $155,356,000 $152,782,000
Depreciation And Amortization In Income Statement - - - $36,443,000
Per Share
Diluted EPS $-28.77 $-2.69 $37.90 $-21.49
Basic EPS $-28.77 $-2.69 $37.90 $-21.49
Other
Tax Effect Of Unusual Items $2,386,956 $3,344,880 $1,697,622 $-1,722,667
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-4,424,000 $21,893,000 $97,794,000 $6,221,000
Total Unusual Items $11,154,000 $15,928,000 $11,827,000 $-6,913,000
Total Unusual Items Excluding Goodwill $11,154,000 $15,928,000 $11,827,000 $-6,913,000
Reconciled Depreciation $40,779,000 $39,843,000 $38,979,000 $36,443,000
EBITDA (Bullshit earnings) $6,730,000 $37,821,000 $109,621,000 $-692,000
EBIT $-34,049,000 $-2,022,000 $70,642,000 $-37,135,000
Diluted Average Shares $1,302,930 $1,396,905 $1,449,930 $1,490,155
Basic Average Shares $1,302,930 $1,396,905 $1,449,930 $1,490,155
Diluted NI Availto Com Stockholders $-37,488,000 $-3,759,000 $54,948,000 $-32,018,000
Minority Interests $0 $0 $-591,000 $287,000
Tax Provision $-10,203,000 $-4,395,000 $9,308,000 $-10,722,000
Gain On Sale Of Ppe $11,877,000 $16,700,000 $13,563,000 $0
Impairment Of Capital Assets $1,251,000 $1,107,000 $3,947,000 $3,520,000
Gain On Sale Of Security $528,000 $335,000 $2,211,000 $-3,393,000
Selling General And Administration $86,838,000 $75,671,000 $77,002,000 $70,608,000
Fetched: 2026-08-27
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $447,187,000 $497,645,000 $522,570,000 $470,416,000
Total Assets $1,025,383,000 $866,133,000 $849,422,000 $828,474,000
Total Non Current Assets $646,857,000 $695,518,000 $696,871,000 $677,820,000
Other Non Current Assets $9,681,000 $8,309,000 $8,302,000 $10,012,000
Goodwill And Other Intangible Assets $76,242,000 $75,316,000 $76,760,000 $76,550,000
Other Intangible Assets $23,674,000 $22,820,000 $23,230,000 $23,037,000
Current Assets $378,526,000 $170,615,000 $152,551,000 $150,654,000
Assets Held For Sale Current $1,134,000 $1,081,000 $773,000 $4,700,000
Current Deferred Assets $3,874,000 $1,530,000 $1,019,000 $1,454,000
Prepaid Assets $8,634,000 $5,105,000 $5,593,000 $4,341,000
Inventory $3,769,000 $4,031,000 $2,980,000 $3,851,000
Receivables $23,283,000 $25,184,000 $22,241,000 $29,375,000
Accounts Receivable $23,283,000 $25,184,000 $22,241,000 $29,375,000
Allowance For Doubtful Accounts Receivable $-2,346,000 $-2,578,000 $-2,546,000 $-1,151,000
Gross Accounts Receivable $25,629,000 $27,762,000 $24,787,000 $30,526,000
Cash Cash Equivalents And Short Term Investments $337,832,000 $133,684,000 $119,945,000 $106,933,000
Cash And Cash Equivalents $268,782,000 $30,709,000 $28,066,000 $37,467,000
Debt
Total Debt $358,637,000 $150,188,000 $101,244,000 $118,825,000
Long Term Debt And Capital Lease Obligation $311,621,000 $100,739,000 $86,389,000 $91,844,000
Long Term Debt $213,920,000 $10,000,000 - -
Current Debt And Capital Lease Obligation $47,016,000 $49,449,000 $14,855,000 $26,981,000
Current Debt $33,070,000 $35,000,000 - $10,000,000
Other Current Borrowings $33,070,000 $35,000,000 - -
Net Debt - $14,291,000 - -
Liabilities
Total Liabilities Net Minority Interest $501,954,000 $293,172,000 $250,092,000 $272,906,000
Total Non Current Liabilities Net Minority Interest $345,959,000 $145,856,000 $138,992,000 $138,009,000
Tradeand Other Payables Non Current $767,000 $506,000 - -
Non Current Deferred Liabilities $18,029,000 $29,393,000 $37,939,000 $31,343,000
Non Current Deferred Taxes Liabilities $18,029,000 $29,393,000 $37,939,000 $31,343,000
Current Liabilities $155,995,000 $147,316,000 $111,100,000 $134,897,000
Other Current Liabilities $18,220,000 $17,250,000 $15,168,000 $16,805,000
Current Deferred Liabilities $27,195,000 $27,614,000 $26,737,000 $28,968,000
Payables And Accrued Expenses $57,589,000 $48,092,000 $41,519,000 $57,743,000
Payables $49,853,000 $42,105,000 $37,058,000 $47,204,000
Other Payable $5,596,000 $5,429,000 $3,560,000 $3,877,000
Total Tax Payable $10,084,000 $8,134,000 $11,050,000 $14,896,000
Accounts Payable $34,173,000 $28,542,000 $22,448,000 $28,431,000
Other Non Current Liabilities - $506,000 $348,000 $754,000
Equity
Common Stock Equity $523,429,000 $572,961,000 $599,330,000 $546,966,000
Total Equity Gross Minority Interest $523,429,000 $572,961,000 $599,330,000 $555,568,000
Stockholders Equity $523,429,000 $572,961,000 $599,330,000 $546,966,000
Gains Losses Not Affecting Retained Earnings $-1,350,000 $-2,872,000 $-2,518,000 $-2,790,000
Other Equity Adjustments $-1,350,000 $-2,872,000 $-2,518,000 $-2,790,000
Retained Earnings $590,211,000 $627,699,000 $631,458,000 $576,510,000
Long Term Equity Investment $154,275,000 $201,727,000 $199,103,000 $155,794,000
Investments In Other Ventures Under Equity Method $154,275,000 $201,727,000 $199,103,000 $155,794,000
Other
Ordinary Shares Number $3,102,960 $3,102,960 $3,102,960 $3,102,960
Share Issued $3,102,960 $3,102,960 $3,102,960 $3,102,960
Tangible Book Value $447,187,000 $497,645,000 $522,570,000 $470,416,000
Invested Capital $770,419,000 $617,961,000 $599,330,000 $556,966,000
Working Capital $222,531,000 $23,299,000 $41,451,000 $15,757,000
Capital Lease Obligations $111,647,000 $105,188,000 $101,244,000 $108,825,000
Total Capitalization $737,349,000 $582,961,000 $599,330,000 $546,966,000
Minority Interest $0 $0 $0 $8,602,000
Treasury Stock $452,164,000 $438,598,000 $416,342,000 $409,680,000
Additional Paid In Capital $385,594,000 $385,594,000 $385,594,000 $381,788,000
Capital Stock $1,138,000 $1,138,000 $1,138,000 $1,138,000
Common Stock $1,138,000 $1,138,000 $1,138,000 $1,138,000
Long Term Capital Lease Obligation $97,701,000 $90,739,000 $86,389,000 $91,844,000
Long Term Provisions $15,542,000 $15,218,000 $14,316,000 $14,068,000
Current Deferred Revenue $27,195,000 $27,614,000 $26,737,000 $28,968,000
Current Capital Lease Obligation $13,946,000 $14,449,000 $14,855,000 $16,981,000
Pensionand Other Post Retirement Benefit Plans Current $5,975,000 $4,911,000 $12,821,000 $4,400,000
Current Accrued Expenses $7,736,000 $5,987,000 $4,461,000 $10,539,000
Investments And Advances $154,275,000 $201,727,000 $199,103,000 $155,794,000
Goodwill $52,568,000 $52,496,000 $53,530,000 $53,513,000
Net PPE $406,659,000 $410,166,000 $412,706,000 $435,464,000
Accumulated Depreciation $-465,583,000 $-442,277,000 $-420,035,000 $-415,498,000
Gross PPE $872,242,000 $852,443,000 $832,741,000 $850,962,000
Construction In Progress $2,195,000 $672,000 $1,629,000 $2,238,000
Other Properties $253,447,000 $247,811,000 $244,639,000 $257,400,000
Buildings And Improvements $169,307,000 $160,282,000 $151,716,000 $151,627,000
Land And Improvements $289,333,000 $286,829,000 $289,692,000 $294,809,000
Properties $157,960,000 $156,849,000 $145,065,000 $144,888,000
Other Short Term Investments $69,050,000 $102,975,000 $91,879,000 $69,466,000
Line Of Credit - - $0 $10,000,000
Fetched: 2026-08-27
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $76,606,000 $19,066,000 $49,597,000 $98,079,000
Operating Activities
Operating Cash Flow $106,959,000 $49,660,000 $73,002,000 $127,825,000
Cash Flow From Continuing Operating Activities $106,959,000 $49,660,000 $73,002,000 $127,825,000
Operating Gains Losses $50,858,000 $17,927,000 $-42,892,000 $77,768,000
Investing Activities
Capital Expenditure $-30,353,000 $-30,594,000 $-23,405,000 $-29,746,000
Investing Cash Flow $-65,470,000 $-87,388,000 $-66,080,000 $-136,605,000
Cash Flow From Continuing Investing Activities $-65,470,000 $-87,388,000 $-66,080,000 $-136,605,000
Capital Expenditure Reported $-30,353,000 $-30,594,000 $-23,405,000 $-29,746,000
Financing Activities
Financing Cash Flow $196,533,000 $39,484,000 $-16,132,000 $3,860,000
Cash Flow From Continuing Financing Activities $196,533,000 $39,484,000 $-16,132,000 $3,860,000
Net Other Financing Charges $-1,867,000 - - -
Dividend Received Cfo $56,000,000 $10,000,000 $14,500,000 $70,700,000
Dividends Received Cfi - - - -
Other
Repayment Of Debt $-79,850,000 $-21,566,000 $-47,732,000 $-26,140,000
Issuance Of Debt $278,250,000 $61,050,000 $31,600,000 $30,000,000
Interest Paid Supplemental Data $11,646,000 $5,889,000 $5,824,000 $5,852,000
Income Tax Paid Supplemental Data $2,736,000 $5,938,000 $5,677,000 $1,092,000
End Cash Position $269,493,000 $31,432,000 $29,654,000 $38,805,000
Beginning Cash Position $31,432,000 $29,654,000 $38,805,000 $43,687,000
Effect Of Exchange Rate Changes $39,000 $22,000 $59,000 $38,000
Changes In Cash $238,022,000 $1,756,000 $-9,210,000 $-4,920,000
Net Issuance Payments Of Debt $198,400,000 $39,484,000 $-16,132,000 $3,860,000
Net Long Term Debt Issuance $198,400,000 $39,484,000 $-16,132,000 $3,860,000
Long Term Debt Payments $-79,850,000 $-21,566,000 $-47,732,000 $-26,140,000
Long Term Debt Issuance $278,250,000 $61,050,000 $31,600,000 $30,000,000
Net Investment Purchase And Sale $33,019,000 $-9,994,000 $-16,885,000 $-5,334,000
Sale Of Investment $90,862,000 $57,451,000 $90,981,000 $129,117,000
Purchase Of Investment $-57,843,000 $-67,445,000 $-107,866,000 $-134,451,000
Net Business Purchase And Sale $-89,115,000 $-75,938,000 $-50,417,000 $-106,843,000
Purchase Of Business $-89,115,000 $-75,938,000 $-50,417,000 $-106,843,000
Net PPE Purchase And Sale $20,979,000 $29,138,000 $24,627,000 $5,318,000
Sale Of PPE $20,979,000 $29,138,000 $24,627,000 $5,318,000
Change In Working Capital $6,804,000 $-6,969,000 $-3,638,000 $-12,719,000
Change In Other Current Assets $-6,814,000 $-2,094,000 $2,810,000 $8,523,000
Change In Payables And Accrued Expense $10,158,000 $368,000 $-12,231,000 $-24,581,000
Change In Receivables $3,460,000 $-5,243,000 $5,783,000 $3,339,000
Asset Impairment Charge $1,489,000 $1,107,000 $3,947,000 $3,520,000
Deferred Tax $-11,483,000 $-8,489,000 $6,567,000 $-15,582,000
Deferred Income Tax $-11,483,000 $-8,489,000 $6,567,000 $-15,582,000
Depreciation Amortization Depletion $40,779,000 $39,843,000 $38,979,000 $36,443,000
Depreciation And Amortization $40,779,000 $39,843,000 $38,979,000 $36,443,000
Earnings Losses From Equity Investments $67,001,000 $41,058,000 $-19,440,000 $75,953,000
Gain Loss On Investment Securities $-528,000 $-335,000 $-2,211,000 $3,393,000
Net Income From Continuing Operations $-37,488,000 $-3,759,000 $55,539,000 $-32,305,000
Net Short Term Debt Issuance - - $-10,000,000 $10,000,000
Short Term Debt Payments - - $-41,600,000 $-20,000,000
Short Term Debt Issuance - - $31,600,000 $30,000,000
Fetched: 2026-08-27