Biglari Holdings Inc. (BH)
NYSE: BH · Real-Time Price · USD
300.35
-7.56 (-2.46%)
At close: Mar 13, 2026, 4:00 PM EDT
294.10
-6.25 (-2.08%)
After-hours: Mar 13, 2026, 7:56 PM EDT

Revenue

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Dec '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
270.58M240.85M
Steak n Shake Revenue Growth
12.35%0.37%
Western Sizzlin Revenue
10.29M10.60M
Western Sizzlin Revenue Growth
-2.92%-2.75%
Total Restaurant Operations Revenue
280.87M251.45M
Total Restaurant Operations Revenue Growth
11.70%0.24%
First Guard Revenue
36.67M37.69M
First Guard Revenue Growth
-2.70%2.10%
Southern Pioneer Revenue
33.47M28.12M
Southern Pioneer Revenue Growth
19.05%15.67%
Investment Income and Other Revenue
6.32M6.88M
Investment Income and Other Revenue Growth
-8.25%13.84%
Total Insurance Operations Revenue
76.46M72.69M
Total Insurance Operations Revenue Growth
5.19%8.06%
Abraxas Petroleum Revenue
17.00M22.59M
Abraxas Petroleum Revenue Growth
-24.75%-18.08%
Southern Oil Revenue
13.21M14.36M
Southern Oil Revenue Growth
-7.95%-17.95%
Total Oil and Gas Operations Revenue
30.21M36.95M
Total Oil and Gas Operations Revenue Growth
-18.23%-18.03%
Maxim Revenue
7.72M1.03M
Maxim Revenue Growth
649.95%-51.42%
Revenue (Total)
395.26M362.11M
Revenue (Total) Growth
9.15%-0.88%

EBT

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Dec '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
23.14M21.61M
Restaurant Operations Income Before Income Taxes Growth
7.07%-22.71%
Insurance Operations Income Before Income Taxes
12.72M9.09M
Insurance Operations Income Before Income Taxes Growth
39.89%-30.52%
Oil and Gas Operations Income Before Income Taxes
12.90M19.77M
Oil and Gas Operations Income Before Income Taxes Growth
-34.77%-23.26%
Maxim Income Before Income Taxes
-1.92M-1.18M
Interest Expense Not Allocated to Segments
-8.22M-771.00K

Key Performance Indicators

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Dec '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
131.00146.00
Steak n Shake Company Operated Restaurants Growth
-10.27%-1.35%
Steak n Shake Franchise Partner Restaurants
179.00173.00
Steak n Shake Franchise Partner Restaurants Growth
3.47%-4.42%
Steak n Shake Traditional Franchise Restaurants
94.00107.00
Steak n Shake Traditional Franchise Restaurants Growth
-12.15%-16.41%
Western Sizzlin Company Operated Restaurants
3.003.00
Western Sizzlin Franchise Restaurants
28.0029.00
Western Sizzlin Franchise Restaurants Growth
-3.45%-9.38%
Total Number of Restaurants
435.00458.00
Total Number of Restaurants Growth
-5.02%-6.91%
Insurance Operations Combined Ratio
89.70%93.30%
Total Proved Oil and Gas Reserves (MBOE)
6.55K8.09K
Total Proved Oil and Gas Reserves (MBOE) Growth
-19.06%-14.74%
Updated Dec 31, 2025. Data Source: Fiscal.ai.