Biglari Holdings Inc.
BHNYSE
$384.19
↓ -2.4%Jul 17 close · end-of-day
Price
1Y↑ +29.3%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
—
Enterprise Value
—
P/E
—
P/S
—
P/B
—
EV/EBITDA
—
PEG
—
FCF Yield
—
Dividend Yield
—
Revenue (TTM)
$397.7M
Net Income (TTM)
-$18.7M
Free Cash Flow (TTM)
$81.5M
Gross Margin
—
Operating Margin
—
Net Margin
-4.7%
ROE
-3.6%
ROIC
—
Debt / Equity
0.5
Net Cash
-$39.9M
Return 1Y
+27.8%
Company profile
Biglari Holdings Inc. owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. As of December 31, 2021, the company operated 199 restaurants, 159 franchise partner units, and 178 traditional franchise units. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance.
- CEO
- Sardar Biglari
- Sector
- Retail Trade
- Industry
- Restaurants, Hotels, Motels
- Employees
- 2,560
- Headquarters
- Texas
- Website
- biglariholdings.com
Earnings
BH Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$97.5M↑ +2.6%
Diluted EPS——
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $433.7M | $366.1M | $368.2M | $365.3M | $362.1M | $395.3M |
| Gross profit | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — |
| Net income | -$38.0M | $35.5M | -$32.0M | $54.9M | -$3.8M | -$37.5M |
| Diluted EPS | -$110.05 | $111.83 | -$107.43 | $189.49 | -$13.45 | -$143.86 |
| Operating cash flow | $117.6M | $228.8M | $127.8M | $73.0M | $49.7M | $107.0M |
| Free cash flow | $96.9M | $164.2M | $98.1M | $49.6M | $19.1M | $76.6M |
| Gross margin | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — |
| Net margin | -8.8% | 9.7% | -8.7% | 15.0% | -1.0% | -9.5% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $91.1M | $90.4M | $91.1M | $95.0M | $100.6M | $99.7M | $99.9M | $97.5M |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| Net income | -$48.2M | $32.1M | -$10.3M | -$33.3M | $50.9M | -$5.3M | -$49.9M | -$14.5M |
| Diluted EPS | — | — | — | — | — | — | — | — |
| Operating cash flow | $1.8M | $10.8M | $18.0M | $15.8M | $42.1M | $31.2M | $17.8M | $20.3M |
| Free cash flow | -$10.0M | $3.7M | $10.9M | $8.5M | $39.4M | $22.3M | $6.4M | $13.4M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | -52.9% | 35.5% | -11.3% | -35.0% | 50.6% | -5.3% | -49.9% | -14.9% |
Company news
Feb 11, 2025
Dec 16, 2024
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-07-16 | BIGLARI, SARDAR | Sale | 2,749 | $16.70 | $45,908.30 | filing |
| 2026-07-15 | BIGLARI, SARDAR | Sale | 6,533 | $16.71 | $109,166.43 | filing |
| 2026-07-14 | BIGLARI, SARDAR | Sale | 1,211 | $16.73 | $20,260.03 | filing |
| 2026-07-13 | BIGLARI, SARDAR | Sale | 75,000 | $16.74 | $1.3M | filing |
| 2026-07-02 | BIGLARI, SARDAR | Sale | 9,525 | $16.92 | $161,163.00 | filing |
| 2026-07-01 | BIGLARI, SARDAR | Sale | 132,421 | $17.27 | $2.3M | filing |
| 2026-06-30 | BIGLARI, SARDAR | Sale | 22,600 | $16.91 | $382,166.00 | filing |
| 2026-06-29 | BIGLARI, SARDAR | Sale | 100,000 | $16.58 | $1.7M | filing |
| 2026-06-26 | BIGLARI, SARDAR | Sale | 100,000 | $16.75 | $1.7M | filing |
| 2026-06-05 | BIGLARI, SARDAR· Chairman and CEO | Buy | 535 | $297.14 | $158,969.90 | filing |
| 2026-06-04 | BIGLARI, SARDAR· Chairman and CEO | Buy | 1,743 | $286.76 | $499,822.68 | filing |
| 2026-05-14 | BIGLARI, SARDAR· Chairman and CEO | Buy | 14,351 | $258.06 | $3.7M | filing |
| 2026-05-13 | BIGLARI, SARDAR· Chairman and CEO | Buy | 15,358 | $260.36 | $4.0M | filing |
| 2026-05-12 | BIGLARI, SARDAR· Chairman and CEO | Buy | 22,965 | $249.84 | $5.7M | filing |
| 2026-03-13 | BIGLARI, SARDAR· Chairman and CEO | Buy | 2,810 | $302.20 | $849,182.00 | filing |
| 2026-03-09 | BIGLARI, SARDAR· Chairman and CEO | Buy | 3,320 | $301.06 | $999,519.20 | filing |
| 2026-03-06 | BIGLARI, SARDAR· Chairman and CEO | Buy | 2,441 | $307.20 | $749,875.20 | filing |
| 2026-03-03 | BIGLARI, SARDAR· Chairman and CEO | Buy | 1,146 | $331.15 | $379,497.90 | filing |
| 2025-12-17 | BIGLARI, SARDAR· Chairman and CEO | Buy | 3,084 | $323.71 | $998,321.64 | filing |
| 2025-12-17 | BIGLARI, SARDAR· Chairman and CEO | Buy | 368 | $1,633.52 | $601,135.36 | filing |
| 2025-12-16 | BIGLARI, SARDAR· Chairman and CEO | Buy | 156 | $1,599.87 | $249,579.72 | filing |
| 2025-12-15 | BIGLARI, SARDAR· Chairman and CEO | Buy | 60 | $1,635.37 | $98,122.20 | filing |
| 2025-12-15 | BIGLARI, SARDAR· Chairman and CEO | Buy | 152 | $328.00 | $49,856.00 | filing |
| 2025-12-12 | BIGLARI, SARDAR· Chairman and CEO | Buy | 449 | $333.14 | $149,579.86 | filing |
| 2025-12-10 | BIGLARI, SARDAR· Chairman and CEO | Buy | 310 | $321.94 | $99,801.40 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.