Biglari Holdings Inc. (BH)
NYSE: BH · Real-Time Price · USD
391.18
-7.99 (-2.00%)
At close: Feb 20, 2026, 4:00 PM EST
389.45
-1.73 (-0.44%)
After-hours: Feb 20, 2026, 7:00 PM EST

Revenue

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Sep '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16 Dec '15 Dec '14 Sep '13 Sep '12
Steak n Shake Revenue
260.28M240.85M239.96M
Steak n Shake Revenue Growth
8.07%0.37%3.51%
Western Sizzlin Revenue
10.41M10.60M10.90M
Western Sizzlin Revenue Growth
-1.79%-2.75%11.83%
Total Restaurant Operations Revenue
270.69M251.45M250.86M
Total Restaurant Operations Revenue Growth
7.65%0.24%3.84%
First Guard Revenue
36.94M37.69M36.92M
First Guard Revenue Growth
-2.00%2.10%2.79%
Southern Pioneer Revenue
32.65M28.12M24.31M
Southern Pioneer Revenue Growth
16.11%15.67%1.14%
Investment Income and Other Revenue
6.79M6.88M6.05M
Investment Income and Other Revenue Growth
-1.42%13.84%31.71%
Total Insurance Operations Revenue
76.37M72.69M67.27M
Total Insurance Operations Revenue Growth
5.06%8.06%4.23%
Abraxas Petroleum Revenue
20.04M22.59M27.58M
Abraxas Petroleum Revenue Growth
-11.30%-18.08%140.73%
Southern Oil Revenue
13.95M14.36M17.50M
Southern Oil Revenue Growth
-2.81%-17.95%-62.04%
Total Oil and Gas Operations Revenue
33.99M36.95M45.07M
Total Oil and Gas Operations Revenue Growth
-8.00%-18.03%-21.68%
Maxim Revenue
5.45M1.03M2.12M
Maxim Revenue Growth
430.03%-51.42%-53.73%

EBT

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Sep '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16 Dec '15 Dec '14 Sep '13 Sep '12
Restaurant Operations Income Before Income Taxes
21.85M21.61M27.96M
Restaurant Operations Income Before Income Taxes Growth
1.10%-22.71%115.73%
Insurance Operations Income Before Income Taxes
10.45M9.09M13.08M
Insurance Operations Income Before Income Taxes Growth
14.94%-30.52%32.10%
Oil and Gas Operations Income Before Income Taxes
12.67M19.77M25.77M
Oil and Gas Operations Income Before Income Taxes Growth
-35.90%-23.26%2.28%
Maxim Income Before Income Taxes
-2.04M-1.18M11.00K
Maxim Income Before Income Taxes Growth
---99.38%
Interest Expense Not Allocated to Segments
-3.04M-771.00K-681.00K

Key Performance Indicators

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Sep '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16 Dec '15 Dec '14 Sep '13 Sep '12
Steak n Shake Company Operated Restaurants
141.00146.00148.00
Steak n Shake Company Operated Restaurants Growth
-3.43%-1.35%-16.38%
Steak n Shake Franchise Partner Restaurants
173.00173.00181.00
Steak n Shake Franchise Partner Restaurants Growth
--4.42%3.43%
Steak n Shake Traditional Franchise Restaurants
96.00107.00128.00
Steak n Shake Traditional Franchise Restaurants Growth
-10.28%-16.41%-16.88%
Western Sizzlin Company Operated Restaurants
3.003.003.00
Western Sizzlin Franchise Restaurants
28.0029.0032.00
Western Sizzlin Franchise Restaurants Growth
-3.45%-9.38%-11.11%
Total Number of Restaurants
441.00458.00492.00
Total Number of Restaurants Growth
-3.71%-6.91%-9.72%
Insurance Operations Combined Ratio
-93.30%86.20%
Total Proved Oil and Gas Reserves (MBOE)
-8.09K9.49K
Total Proved Oil and Gas Reserves (MBOE) Growth
--14.74%-28.03%
Updated Nov 7, 2025. Data Source: Fiscal.ai.