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 Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
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 |
Cash & Equivalents | 213.38 | 268.78 | 30.71 | 28.07 | 37.47 | 42.35 |
Short-Term Investments | 155.54 | 69.05 | 102.98 | 91.88 | 69.47 | 83.06 |
Cash & Short-Term Investments | 368.91 | 337.83 | 133.68 | 119.95 | 106.93 | 125.41 |
Cash Growth | -0.07% | 152.71% | 11.45% | 12.17% | -14.73% | 5.07% |
Accounts Receivable | 25.69 | 23.28 | 25.18 | 22.24 | 29.38 | 28.51 |
Other Receivables | - | 1.04 | 1.14 | 1.02 | 1.45 | 3.22 |
Receivables | 25.69 | 24.33 | 26.32 | 23.26 | 30.83 | 31.73 |
Inventory | 4.1 | 3.77 | 4.03 | 2.98 | 3.85 | 3.8 |
Prepaid Expenses | - | 8.63 | 5.11 | 5.59 | 4.34 | 3.87 |
Other Current Assets | 12.81 | 3.96 | 1.48 | 0.77 | 4.7 | - |
Total Current Assets | 411.51 | 378.53 | 170.62 | 152.55 | 150.65 | 164.81 |
Property, Plant & Equipment | 408.26 | 406.66 | 410.17 | 412.71 | 435.46 | 391.89 |
Long-Term Investments | 166.63 | 154.28 | 201.73 | 199.1 | 155.79 | 250.4 |
Goodwill | 52.55 | 52.57 | 52.5 | 53.53 | 53.51 | 53.55 |
Other Intangible Assets | 23.42 | 23.67 | 22.82 | 23.23 | 23.04 | 23.46 |
Other Long-Term Assets | 10.74 | 9.68 | 8.31 | 8.3 | 10.01 | 10.7 |
Total Assets | 1,073 | 1,025 | 866.13 | 849.42 | 828.47 | 894.81 |
Liabilities
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 |
Accounts Payable | 26.97 | 34.17 | 28.54 | 22.45 | 28.43 | 36.68 |
Accrued Expenses | 13.13 | 12.68 | 11.62 | 19.57 | 14.29 | 27.51 |
Current Portion of Long-Term Debt | 5.78 | 33.07 | 35 | - | 10 | - |
Current Portion of Leases | 12.93 | 13.95 | 14.45 | 14.86 | 16.98 | 16.9 |
Current Income Taxes Payable | 13.1 | 10.08 | 8.13 | 11.05 | 14.9 | 11.39 |
Current Unearned Revenue | 25.53 | 27.2 | 27.61 | 26.74 | 28.97 | 37.59 |
Other Current Liabilities | 23.09 | 24.85 | 21.96 | 16.44 | 21.33 | 13.57 |
Total Current Liabilities | 120.54 | 156 | 147.32 | 111.1 | 134.9 | 143.64 |
Long-Term Debt | 209.34 | 213.92 | 10 | - | - | - |
Long-Term Leases | 109.15 | 97.7 | 90.74 | 86.39 | 91.84 | 104.48 |
Long-Term Deferred Tax Liabilities | 23.64 | 18.03 | 29.39 | 37.94 | 31.34 | 46.53 |
Other Long-Term Liabilities | 15.61 | 16.31 | 15.72 | 14.66 | 14.82 | 12.46 |
Total Liabilities | 478.29 | 501.95 | 293.17 | 250.09 | 272.91 | 307.11 |
Shareholders' Equity
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 |
Common Stock | 1.2 | 1.14 | 1.14 | 1.14 | 1.14 | 1.14 |
Additional Paid-In Capital | 452.07 | 385.59 | 385.59 | 385.59 | 381.79 | 381.79 |
Retained Earnings | 616.62 | 590.21 | 627.7 | 631.46 | 576.51 | 608.53 |
Treasury Stock | -473.39 | -452.16 | -438.6 | -416.34 | -409.68 | -401.85 |
Comprehensive Income & Other | -1.68 | -1.35 | -2.87 | -2.52 | -2.79 | -1.91 |
Total Common Equity | 594.82 | 523.43 | 572.96 | 599.33 | 546.97 | 587.7 |
Minority Interest | - | - | - | - | 8.6 | - |
Shareholders' Equity | 594.82 | 523.43 | 572.96 | 599.33 | 555.57 | 587.7 |
Total Liabilities & Equity | 1,073 | 1,025 | 866.13 | 849.42 | 828.47 | 894.81 |
Additional Metrics
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 |
Total Debt | 337.21 | 358.64 | 150.19 | 101.24 | 118.83 | 121.38 |
Net Cash (Debt) | 31.71 | -20.81 | -16.5 | 18.7 | -11.89 | 4.03 |
Net Cash Growth | 44.11% | - | - | - | - | - |
Net Cash Per Share | 48.47 | -79.84 | -59.07 | 64.49 | -39.90 | 12.71 |
Filing Date Shares Outstanding | 0.66 | 0.63 | 0.62 | 0.62 | 0.62 | 0.62 |
Total Common Shares Outstanding | 0.65 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 |
Working Capital | 290.97 | 222.53 | 23.3 | 41.45 | 15.76 | 21.17 |
Book Value Per Share | 909.36 | 843.43 | 923.25 | 965.74 | 881.36 | 946.99 |
Tangible Book Value | 518.85 | 447.19 | 497.65 | 522.57 | 470.42 | 510.69 |
Tangible Book Value Per Share | 793.22 | 720.58 | 801.89 | 842.05 | 758.01 | 822.90 |
Land | 134.16 | 133.52 | 134.74 | 139.9 | 143.31 | 144.61 |
Buildings | 180.3 | 169.31 | 160.28 | 151.72 | 151.63 | 148.61 |
Machinery | 211.83 | 213.4 | 213.8 | 212.42 | 222.66 | 224.58 |
Construction In Progress | 2.7 | 2.2 | 0.67 | 1.63 | 2.24 | 2.82 |