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Biglari

(NYSE) BH

Current Price$384.19
Market Cap$1.21BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2018)+58%
5 Year+133%
1 Year+28%
1 Month+15%
Biglari last closing stock price
MetricPriceDate
Last closeUSD 384.192026-07-17
Biglari stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+2.99%USD 373.052026-07-10
1 month+14.54%USD 335.422026-06-17
3 month+24.87%USD 307.662026-04-17
Year to date+15.57%USD 332.432025-12-31
1 year+27.82%USD 300.562025-07-17
3 year+93.06%USD 199.002023-07-18
5 year+132.62%USD 165.162021-07-16
Since inception+58.3%USD 242.692018-05-01

Biglari Financials at a Glance

Market Cap

$1.21BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$397.71M

Net Income (TTM)

-$18.74M

EPS (TTM)

-$5.99

P/E Ratio

-64.17

Dividend

$0.00

Beta (Volatility)

0.75 (Low)

Price

$384.19

Volume

186,628.671

Open

$398.70

Previous Close

$384.19

Daily Range

$379.78 - $398.70

52-Week Range

$234.92 - $483.60

Estimated Earnings Date

Aug 7, 2026

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About Biglari

Biglari Holdings runs various restaurant, insurance, and energy businesses.

It helps people get meals and protects truck drivers with insurance.

The company also invests in stocks and oil fields.

Burgers, Insurance, and Oil

  • Restaurants: Steak n Shake and Western Sizzlin serve burgers, steaks, and buffet meals across 435 locations.
  • Insurance: First Guard and Southern Pioneer provide coverage for commercial trucks and property owners.
  • Energy: Southern Oil and Abraxas Petroleum produce oil and gas from wells in the Gulf of Mexico and Texas.
  • Media and Licensing: Maxim manages brand rights and operates a venture in the digital contest industry.

Mapping Recent Moves

  • Steak n Shake secured a $225 million loan in September 2025 to fund distributions and operations.
  • Abraxas Petroleum sold undeveloped oil reserves to a third party in 2025, generating an $11.9 million gain.
  • The company continued shifting Steak n Shake units to franchise partners, reaching 179 partner-run stores by 2025.
  • Maxim launched a new venture in the digital contest industry during 2025.

What Makes Biglari Different

Sardar Biglari, the Chairman and Chief Executive Officer, makes all major investment and capital allocation decisions from a central office. This structure allows individual business units to manage their own daily operations while the parent company moves capital to wherever it sees the most value.

By the Numbers

  • Restaurant revenue reached $280.9 million in 2025, up 11.7% from $251.4 million in 2024.
  • Net loss widened to $37.5 million in 2025, a worsened result from the $3.8 million loss reported in 2024.
  • Cash and investments on the balance sheet grew to $492.1 million in 2025, up 46.7% from 2024.
  • Interest expense rose to $8.2 million in 2025, up from $0.8 million in 2024 due to new debt.

The Big Picture

Biglari Holdings has evolved from a restaurant chain into a multi-industry holding company. It focuses on using cash from its various businesses to fund centralized investment and acquisition activities.

AI Generated • May 2, 2026

Industry

Hotels, Restaurants and Leisure

Employees

2,359

CEO

Sardar Biglari

Headquarters

San Antonio, TX 78257, US

BH Financials

Key Financial Metrics (TTM)

Gross Margin

30.59%

Operating Margin

7.82%

Net Income Margin

-4.71%

Return on Equity

-3.39%

Return on Capital

2.05%

Return on Assets

-1.84%

Earnings Yield

-1.56%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$1.21BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

3.14M

Volume

186.63K

Avg. Volume

66.80K

Financials (TTM)

Gross Profit

$121.65M

Operating Income

$31.12M

EBITDA

$30.51M

Operating Cash Flow

$111.50M

Capital Expenditure

-$30.02M

Free Cash Flow

$81.48M

Cash & ST Invst.

$314.26M

Total Debt

$357.71M

Biglari Performance Analysis

Biglari annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 368,231,0000.6%
20232023-12-31USD 365,318,000-0.8%
20242024-12-31USD 362,114,000-0.9%
20252025-12-31USD 395,261,0009.2%
Biglari sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-305.9%
Q32025-09-30-0.9%
Q42025-12-310.1%
Q12026-03-31-2.4%
Biglari annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -10.32N/A
20232023-12-31USD 17.71N/A
20242024-12-31USD -1.21N/A
20252025-12-31USD -12.08897.3%
Biglari sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30253.1%
Q32025-09-30-110.4%
Q42025-12-31-839.8%
Q12026-03-3171.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$97.48M

+2.6%

Gross Profit

$27.74M

-19.7%

Gross Margin

28.46%

N/A

Market Cap

$1.21BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$511.23K

N/A

Employees

2,359

N/A

Net Income

-$14.53M

+56.3%

EBITDA

-$1.22M

+95.8%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$314.26M

+132.2%

Total Debt

$357.71M

+134.1%

Accounts Receivable

$24.94M

+10.8%

Inventory

$3.52M

-16.8%

Long Term Debt

$316.84M

+208.3%

Short Term Debt

$40.87M

-18.4%

Return on Assets

-1.84%

N/A

Return on Invested Capital

3.56%

N/A

Free Cash Flow

$13.37M

+57.3%

Operating Cash Flow

$20.33M

+28.7%

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Questions About BH

What is the current price of Biglari?

Biglari is trading at $384.19 per share.

What is the 52-week range for Biglari?

Over the past 52 weeks, Biglari has traded between $234.92 and $483.60.

How much debt does Biglari have?

As of the most recent reporting period, Biglari reported total debt of $357.71M.

How much cash does Biglari have on hand?

Biglari reported $200.08M in cash and cash equivalents in its most recent financial results.

What is Biglari’s dividend yield?

Biglari does not currently have a dividend yield.

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