S&P 500 7,420.10 â–ŧ 91.25 (-1.21%) DOW 51,492.55 â–ŧ 507.12 (-0.98%) NASDAQ 26,021.66 â–ŧ 354.69 (-1.34%) US Markets Closed â€ĸ 06:22 AM ET

BH

Biglari Holdings Inc.

Price Chart
Latest Quote

$335.42

-5.83 (-1.71%)
Current Price
Previous Close $341.25
Open $342.55
Day High $345.74
Day Low $332.45
Volume 67,770
Fetched: 2026-06-18T10:22:37
Stock Information
Shares Outstanding 2.08M
Total Debt $357.71M
Cash Equivalents $314.26M
Revenue $397.71M
Net Income $-18.74M
Sector Consumer Cyclical
Industry Restaurants
Market Cap $1.05B
EPS (TTM) $-14.64
Exchange NYQ
🌐 Visit Website
📊 Comprehensive Analysis
Company Data
Enterprise Value$257.69M
Sales$397.71M
Income$-18.74M
Book/sh$826.95
Cash/sh$150.86
Employees2K
Financial Ratios
Quick Ratio2.35
Current Ratio2.47
Debt/Eq68.90
Returns & Margins
ROA1.47%
ROE-3.54%
Gross Margin38.54%
Operating Margin2.94%
Profit Margin-4.71%
Ownership
Insider Ownership0.43%
Institutional Ownership98.87%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E-45.02
PEG-18.80
P/S2.65
P/B0.41
Analyst Data
Recommendationnone
Technical Indicators
SMA20$301.97
SMA50$299.97
SMA200$336.18
RSI80.71
ATR16.2207
Shares Float176K
Short Ratio2.15
Volatility0.60
Rel Volume0.98
Performance History
Week+7.55%
Month+22.55%
Quarter+11.81%
6 Months+3.34%
YTD-2.40%
Year+22.78%
3 Years+64.41%
5 Years+84.35%
10 Years+25.75%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
⭐ Premium Feature

Sign up for free to view detailed scoring breakdown — premium is free during our trial period!

Recent Price History
Date Close Volume
2026-06-17 $335.42 72,600
2026-06-16 $341.25 50,000
2026-06-15 $343.73 102,400
2026-06-12 $339.90 75,800
2026-06-11 $335.54 63,600
2026-06-10 $311.86 99,200
2026-06-09 $304.18 40,200
2026-06-08 $299.72 48,700
2026-06-05 $293.54 39,000
2026-06-04 $296.20 37,100
2026-06-03 $292.51 54,600
2026-06-02 $295.97 58,800
2026-06-01 $298.65 48,000
2026-05-29 $290.48 136,500
2026-05-28 $280.94 100,300
2026-05-27 $283.87 170,500
2026-05-26 $276.68 114,400
2026-05-22 $276.96 50,100
2026-05-21 $273.95 54,900
2026-05-20 $268.13 59,800
2026-05-19 $272.63 40,500
2026-05-18 $273.70 39,300
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:
Loading...
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: 2026-06-14
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: 2026-06-14
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: 2026-06-14