BH
Biglari Holdings Inc.
Price Chart
Latest Quote
$335.42
| Previous Close | $341.25 |
| Open | $342.55 |
| Day High | $345.74 |
| Day Low | $332.45 |
| Volume | 67,770 |
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 |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $257.69M |
| Sales | $397.71M |
| Income | $-18.74M |
| Book/sh | $826.95 |
| Cash/sh | $150.86 |
| Employees | 2K |
Financial Ratios
| Quick Ratio | 2.35 |
| Current Ratio | 2.47 |
| Debt/Eq | 68.90 |
Returns & Margins
| ROA | 1.47% |
| ROE | -3.54% |
| Gross Margin | 38.54% |
| Operating Margin | 2.94% |
| Profit Margin | -4.71% |
Ownership
| Insider Ownership | 0.43% |
| Institutional Ownership | 98.87% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | -45.02 |
| PEG | -18.80 |
| P/S | 2.65 |
| P/B | 0.41 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $301.97 |
| SMA50 | $299.97 |
| SMA200 | $336.18 |
| RSI | 80.71 |
| ATR | 16.2207 |
| Shares Float | 176K |
| Short Ratio | 2.15 |
| Volatility | 0.60 |
| Rel Volume | 0.98 |
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% |
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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.
đ° Latest News
Biglari Holdings (BH.A) Stock Valuation After Recent MultiâPeriod Gains And Mixed P/S And DCF Signals
Simply Wall St. âĸ 2026-06-14T15:10:02ZSteak 'n Shake Says It's Paying Hourly Employees A Bitcoin Bonus For Every Hour Worked, Pledges Trump Account Contributions
Benzinga âĸ 2026-03-04T16:01:10ZSteak 'N Shake Says Bitcoin Caused Sales To Rise 'Dramatically' And The Coins Are Flowing To Strategic Reserve That Funds Staff Bonuses
Benzinga âĸ 2026-02-19T11:01:01ZSteak 'n Shake Says Bitcoin Has Lifted Sales 'Dramatically' in 9 Months
decrypt âĸ 2026-02-17T06:47:41ZAssessing Biglari Holdings (BH.A) Valuation After Strong Recent Share Price Momentum
Simply Wall St. âĸ 2026-01-26T07:07:07ZBitcoin Bonuses To Sell Burgers? This Restaurant Company Will Pay You BTC For Each Hour Worked
Benzinga âĸ 2026-01-23T10:46:11ZThese Stocks Drive This Year's 20% Restaurant Industry Surge
Investor's Business Daily âĸ 2026-01-21T18:03:36ZCracker Barrel (CBRL) Stock Trades Up, Here Is Why
StockStory âĸ 2026-01-15T20:45:49ZBiglari Holdings CEO Purchases Over 2,000 Insider Shares
Motley Fool âĸ 2026-01-13T09:24:20ZCracker Barrel shareholders vote to keep CEO despite logo debacle
Associated Press Finance âĸ 2025-11-20T17:21:06ZIncome 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 |
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 |
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 |