Biglari Holdings Inc. (BH)

Biglari Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	293.39	289.42	298.05	303.69	307.5	381
Other Revenue	74.31	72.69	67.27	64.54	58.61	52.68
Revenue	367.7	362.11	365.32	368.23	366.11	433.68
Revenue Growth (YoY)	0.85%	-0.88%	-0.79%	0.58%	-15.58%	-35.16%
Cost of Revenue	166.15	162.12	157.19	160.8	180.24	257.51
Gross Profit	138.19	138.62	155.36	152.78	142.78	136.95
Selling, General & Admin	78.76	75.67	77	70.61	76.02	76.36
Operating Expenses	118.81	115.51	115.98	107.05	106.07	108.58
Operating Income	19.38	23.11	39.38	45.73	36.71	28.37
Interest Expense	-8.43	-6.13	-5.8	-5.89	-7.16	-15.54
Interest & Investment Income	-	0.34	2.21	-	6.4	3.64
EBT Excluding Unusual Items	10.95	17.31	35.79	39.84	35.95	16.48
Impairment of Goodwill	-	-	-	-	-	-0.3
Gain (Loss) on Sale of Investments	-114.22	-41.06	19.44	-79.35	10.95	-43.03
Gain (Loss) on Sale of Assets	25.54	16.7	13.56	-	-	-
Asset Writedown	-1	-1.11	-3.95	-3.52	-4.64	-23.35
Pretax Income	-78.73	-8.15	64.85	-43.03	42.27	-50.2
Income Tax Expense	-19.12	-4.4	9.31	-10.72	6.79	-12.21
Earnings From Continuing Operations	-59.61	-3.76	55.54	-32.31	35.48	-37.99
Minority Interest in Earnings	-	-	-0.59	0.29	-	-
Net Income	-59.61	-3.76	54.95	-32.02	35.48	-37.99
Net Income to Common	-59.61	-3.76	54.95	-32.02	35.48	-37.99
Shares Outstanding (Basic)	0	0	0	0	0	0
Shares Outstanding (Diluted)	0	0	0	0	0	0
Shares Change (YoY)	-4.76%	-3.66%	-2.70%	-6.06%	-8.09%	0.13%
EPS (Basic)	-217.37	-13.45	189.49	-107.43	111.83	-110.05
EPS (Diluted)	-217.37	-13.45	189.49	-107.43	111.83	-110.05
Free Cash Flow	13.03	19.07	49.6	98.08	164.22	96.85
Free Cash Flow Per Share	47.52	68.24	171.03	329.09	517.63	280.58
Gross Margin	37.58%	38.28%	42.53%	41.49%	39.00%	31.58%
Operating Margin	5.27%	6.38%	10.78%	12.42%	10.03%	6.54%
Profit Margin	-16.21%	-1.04%	15.04%	-8.70%	9.69%	-8.76%
Free Cash Flow Margin	3.54%	5.27%	13.58%	26.63%	44.86%	22.33%
EBITDA	59.42	62.95	78.35	82.17	66.76	60.59
EBITDA Margin	16.16%	17.38%	21.45%	22.32%	18.23%	13.97%
D&A For EBITDA	40.05	39.84	38.98	36.44	30.05	32.22
EBIT	19.38	23.11	39.38	45.73	36.71	28.37
EBIT Margin	5.27%	6.38%	10.78%	12.42%	10.03%	6.54%
Effective Tax Rate	-	-	14.35%	-	16.06%	-
Revenue as Reported	367.7	362.11	365.32	368.23	366.11	433.68

Updated May 9, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q