
Biglari Holdings Inc.
BHNYSEConsumer CyclicalRestaurants
Previous close
$388.85
−$2.05 · -0.52%
BH company overview
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AI-powered factor overview
GoAI score
Sell
Trim exposure — unfavorable risk-reward
Valuation
7
Overpriced
Momentum
59
Neutral
Sentiment
64
Bullish
Risk resilience
55
Elevated Risk
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Company profile
Company websiteBiglari Holdings Inc., an enterprise established in 1934 and based in San Antonio, Texas, is a multifaceted company with its primary operations centered on managing and franchising restaurants throughout the United States. Its well-known dining brands include Steak n Shake and Western Sizzlin. By December 31, 2021, the company's restaurant network comprised 199 company-operated Steak n Shake locations, complemented by 159 franchise partner units and 178 conventional franchise outlets. Its Western Sizzlin brand encompassed 3 company-owned restaurants and 38 franchised establishments. Beyond its restaurant segment, Biglari Holdings engages in several other industries. It underwrites commercial trucking insurance, providing coverage for physical damage and non-trucking liability to truckers, and also offers general property and casualty insurance. The company is involved in the energy sector, operating oil and natural gas properties located in the Gulf of Mexico. Furthermore, it maintains a media presence through the MAXIM brand, publishing magazines and related content, alongside licensing various media products and services. Investment activities also form a part of its corporate portfolio. Originally named The Steak n Shake Company, the organization rebranded itself as Biglari Holdings Inc. in April 2010.
- Industry
- Restaurants
- Sector
- Consumer Cyclical
- Headquarters
- US
- CEO
- Sardar Biglari
- Listed since
- Mar 17, 1980
- Employees
- 2,359
Market position
Day range
Current $388.85
52-week range
Current $388.85
- Open
- $393
- Previous close
- $390.9
- Volume
- 118.18K
- 1.1× average
- Average volume
- 107.48K
- Average daily volume
- Market cap
- 1.22B USD
- Beta
- 0.53
- Market reference 1
- 50-day average
- $383.66
- +1.35% above average
- 200-day average
- $348.12
- +11.70% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 1.12B USD
- P/E (TTM)
- -40.13×
- P/B (TTM)
- 2.24×
- P/S (TTM)
- 3.01×
- EV / EBITDA
- -752.09×
- Earnings yield
- -3.63%
- Free cash flow yield
- 7.43%
- Dividend yield
- 0.00%
Profitability & efficiency
- Gross margin
- 33.86%
- Operating margin
- 9.53%
- Net margin
- -7.33%
- Return on equity
- -7.16%
- Return on assets
- -3.57%
- Return on invested capital
- 1.51%
Financial health
- Debt / equity
- 0.53×
- Current ratio
- 2.4×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 395.26M USD | 362.11M USD | 365.32M USD | 368.23M USD | 366.11M USD |
| Cost of goods sold | 286.63M USD | 223.49M USD | 248.94M USD | 215.45M USD | 223.33M USD |
| Gross profit | 108.64M USD | 138.62M USD | 116.38M USD | 152.78M USD | 142.78M USD |
| Selling, general, and administrative | 90.52M USD | 75.67M USD | 77M USD | 70.61M USD | 76.02M USD |
| Operating expenses | 90.52M USD | 115.51M USD | 77M USD | 70.61M USD | 76.02M USD |
| Interest expense | 5.42M USD | 6.13M USD | 5.8M USD | 5.89M USD | 7.16M USD |
| Depreciation and amortization | 40.78M USD | 39.84M USD | 38.98M USD | 36.44M USD | 30.05M USD |
| Operating income | 18.11M USD | 23.11M USD | 39.38M USD | 82.17M USD | 66.76M USD |
| Net income | −37.49M USD | −3.76M USD | 54.95M USD | −32.02M USD | 35.48M USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 75%
- 3 beats, 1 miss, 0 met estimates
- Average EPS surprise
- +300.28%
- 4 comparable reports
- Latest EPS result
- 1.58
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Corporate actions
Corporate action history
| Action | Effective date | Details | Record date | Payment date |
|---|---|---|---|---|
Stock split | May 1, 2018 | 3:2 | — | — |
Stock split | Aug 15, 2014 | 1,077:1,000 | — | — |
Stock split | Aug 23, 2013 | 1,077:1,000 | — | — |
Stock split | Dec 21, 2009 | 1:20 | — | — |
Stock split | Dec 27, 1999 | 11:10 | — | — |
Stock split | Dec 29, 1998 | 5:4 | — | — |
Effective May 1, 2018
3:2
Effective Aug 15, 2014
1,077:1,000
Effective Aug 23, 2013
1,077:1,000
Effective Dec 21, 2009
1:20
Effective Dec 27, 1999
11:10
Effective Dec 29, 1998
5:4
BH peers
ETFs holding BH
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Morningstar Total Stock Market ETFVTI8.05M0.00%2.3T USD0.03%$378.24+0.44%
iShares Russell 2000 ETFIWM7.26M0.01%81.62B USD0.19%$299.96+0.77%
Dimensional - US Targeted Value ETFDFAT4.59M0.03%14.66B USD0.28%$71.67+0.67%
U.S. Micro Cap Portfolio ETFDFMC3.14M0.04%8.06B USD0.43%$60.95+0.73%
Dimensional - US Small Cap Value ETFDFSV3.03M0.04%8.42B USD0.30%$40.29+0.72%
Vanguard Extended Market ETFVXF2.91M0.00%93.7B USD0.05%$245.53+0.82%
Dimensional - US Small Cap ETFDFAS2.86M0.02%15.92B USD0.26%$83.02+0.73%
iShares Russell 2000 Value ETFIWN2.53M0.02%14.66B USD0.24%$224.81+0.45%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 8.05M
- Weight
- 0.00%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
iShares Russell 2000 ETFIWM- Market value
- 7.26M
- Weight
- 0.01%
- AUM
- 81.62B USD
- Expense ratio
- 0.19%
- Price / 1D
- $299.96+0.77%
Dimensional - US Targeted Value ETFDFAT- Market value
- 4.59M
- Weight
- 0.03%
- AUM
- 14.66B USD
- Expense ratio
- 0.28%
- Price / 1D
- $71.67+0.67%
U.S. Micro Cap Portfolio ETFDFMC- Market value
- 3.14M
- Weight
- 0.04%
- AUM
- 8.06B USD
- Expense ratio
- 0.43%
- Price / 1D
- $60.95+0.73%
Dimensional - US Small Cap Value ETFDFSV- Market value
- 3.03M
- Weight
- 0.04%
- AUM
- 8.42B USD
- Expense ratio
- 0.30%
- Price / 1D
- $40.29+0.72%
Vanguard Extended Market ETFVXF- Market value
- 2.91M
- Weight
- 0.00%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $245.53+0.82%
Dimensional - US Small Cap ETFDFAS- Market value
- 2.86M
- Weight
- 0.02%
- AUM
- 15.92B USD
- Expense ratio
- 0.26%
- Price / 1D
- $83.02+0.73%
iShares Russell 2000 Value ETFIWN- Market value
- 2.53M
- Weight
- 0.02%
- AUM
- 14.66B USD
- Expense ratio
- 0.24%
- Price / 1D
- $224.81+0.45%
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