Biglari Holdings Inc. (BH)
NYSE: BH · Real-Time Price · USD
362.31
-0.16 (-0.04%)
At close: Nov 12, 2026, 4:00 PM EST
365.31
+3.00 (0.83%)
After-hours: Nov 12, 2026, 7:30 PM EST
Biglari Holdings Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 417.94 | 395.26 | 362.11 | 365.32 | 368.23 | 366.11 |
Revenue Growth | 8.13% | 9.15% | -0.88% | -0.79% | 0.58% | -15.58% |
Gross Profit Gross Profit Growth | 168.79 | 149.42 | 138.62 | 155.36 | 152.78 | 142.78 |
Operating Income Operating Income Growth | 30.9 | 21.8 | 23.11 | 39.38 | 45.73 | 36.71 |
Net Income Net Income Growth | -23.44 | -37.49 | -3.76 | 54.95 | -32.02 | 35.48 |
Earnings Per Share EPS Growth | -35.84 | -143.86 | -13.45 | 189.49 | -107.43 | 111.83 |
EPS Growth | - | - | - | - | - | - |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Steak n Shake Steak n Shake Growth | 280.84 | 270.58 | 240.85 | 239.96 | 231.82 | 263.14 |
Western Sizzlin Western Sizzlin Growth | 9.62 | 10.29 | 10.6 | 10.9 | 9.75 | 8.16 |
First Guard First Guard Growth | 36.8 | 36.67 | 37.69 | 36.92 | 35.91 | 33.52 |
Southern Pioneer Southern Pioneer Growth | 34.19 | 33.47 | 28.12 | 24.31 | 24.04 | 21.89 |
Investment Income and Other Investment Income and Other Growth | 5.63 | 6.32 | 6.88 | 6.05 | 4.59 | 3.2 |
Abraxas Petroleum Abraxas Petroleum Growth | 24.75 | 17 | 22.59 | 27.58 | 11.46 | - |
Southern Oil Southern Oil Growth | 13.38 | 13.21 | 14.36 | 17.5 | 46.09 | 33 |
Maxim Maxim Growth | 12.73 | 7.72 | 1.03 | 2.12 | 4.58 | 3.2 |
Revenue (Total) Revenue (Total) Growth | 417.94 | 395.26 | 362.11 | 365.32 | - | 366.11 |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 368.91 | 337.83 | 133.68 | 119.95 | 106.93 | 125.41 |
Total Debt Total Debt Growth | 337.21 | 358.64 | 150.19 | 101.24 | 118.83 | 121.38 |
Net Cash (Debt) Net Cash Growth | 31.71 | -20.81 | -16.5 | 18.7 | -11.89 | 4.03 |
Net Cash Growth | 44.11% | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | 48.47 | -79.84 | -59.07 | 64.49 | -39.90 | 12.71 |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 56.26 | 106.96 | 49.66 | 73 | 127.83 | 228.77 |
Capital Expenditures CapEx Growth | -31.44 | -30.35 | -30.59 | -23.41 | -29.75 | -64.55 |
Free Cash Flow Free Cash Flow Growth | 24.82 | 76.61 | 19.07 | 49.6 | 98.08 | 164.22 |
Free Cash Flow Growth | -69.42% | 301.79% | -61.56% | -49.43% | -40.27% | 69.55% |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 40.38% | 37.80% | 38.28% | 42.53% | 41.49% | 39.00% |
Operating Margin | 7.39% | 5.51% | 6.38% | 10.78% | 12.42% | 10.03% |
Pretax Margin | -7.16% | -12.07% | -2.25% | 17.75% | -11.68% | 11.55% |
Profit Margin | -5.61% | -9.48% | -1.04% | 15.04% | -8.70% | 9.69% |
FCF Margin | 5.94% | 19.38% | 5.27% | 13.58% | 26.63% | 44.86% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 13, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | - | - | - | 9.20 | - | 12.37 |
P/FCF Ratio | 48.09 | 13.68 | 41.42 | 10.19 | 4.38 | 2.67 |
PS Ratio | 2.86 | 2.65 | 2.18 | 1.38 | 1.17 | 1.20 |