Also trades as: BH-A (NYSE) · $vol 51M
BH NYSE
Biglari Holdings Inc.
1W: -12.9%
1M: +12.6%
3M: +0.7%
YTD: +12.1%
1Y: +2.8%
3Y: +160.0%
5Y: +129.9%
$386.06
-3.05 (-0.78%)
Weekly Expected Move ±6.9%
$342
$369
$396
$424
$451
Credit Risk of going bust: higher than 56% of companies Debt: 19.1% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $8.80 (down 98%), Biglari Holdings Inc. would be worth roughly what it owes.
Total debt $289.3M against a stock market value of $1.23B.
Distance to default 4.60 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $133.4M (short-term plus half of long-term), stock volatility 53.9%; Altman Z'' 4.29. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $8.80 (down 98%), Biglari Holdings Inc. would be worth roughly what it owes.
Total debt $289.3M against a stock market value of $1.23B.
Distance to default 4.60 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $133.4M (short-term plus half of long-term), stock volatility 53.9%; Altman Z'' 4.29. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Overview
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Financials
Income Statement
Cash Flow
Balance Sheet
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Institutions
ETF Exposure
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Revenue Segmentation
By Product / Service
Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$395M
+9.2% ▲
5Y CAGR: -1.8%
Gross Profit
$109M
-21.6% ▼
5Y CAGR: -4.5%
Operating Income
$18M
-21.6% ▼
5Y CAGR: -21.5%
Net Income
-$37M
-897.3% ▼
EPS (Diluted)
$-12.08
-349.1% ▼
EBITDA
$59M
+55.7% ▲
5Y CAGR: -0.6%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $366M | $368M | $365M | $362M | $395M |
| YoY Growth | -15.6% | +0.6% | -0.8% | -0.9% | +9.2% |
| Cost of Revenue | $223M | $215M | $249M | $223M | $287M |
| Gross Profit | $143M | $153M | $116M | $139M | $109M |
| Gross Margin | 39.0% | 41.5% | 31.9% | 38.3% | 27.5% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $76M | $71M | $77M | $76M | $91M |
| Operating Expenses | $76M | $71M | $77M | $116M | $91M |
| Operating Income | $67M | $82M | $39M | $23M | $18M |
| Operating Margin | 18.2% | 22.3% | 10.8% | 6.4% | 4.6% |
| Interest Expense | $7M | $6M | $6M | $6M | $5M |
| Income Before Tax | $42M | -$43M | $65M | -$8M | -$48M |
| Tax Expense | $7M | -$11M | $9M | -$4M | -$10M |
| Net Income | $35M | -$32M | $55M | -$4M | -$37M |
| Net Margin | 9.7% | -8.7% | 15.0% | -1.0% | -9.5% |
| EPS (Diluted) | $22.37 | $-21.49 | $38.55 | $-2.69 | $-12.08 |
| EBITDA | $67M | $82M | $110M | $38M | $59M |
| Shares Outstanding | 2M | 1M | 1M | 1M | 3M |