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Biglari Holdings Inc.

BH-A

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11 Visible periods

18 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Weak

Bearish

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Analytical Summary

Biglari Holdings Inc. faces fundamental challenges with weakness in Profit Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap —

Dividend Yield —

Revenue Growth 9.2% ↗

Op. Margin —

ROIC —

FCF / Share —

Trailing P/E —

Price / Book —

FCF Yield —

Debt / Equity 0.41

info Valuation on last close.

11-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$395.26M

↑ +9.2% —

Net Income Profit after all expenses

$-37.49M

↓ -897.3% —

Long-Term Debt Long-term obligations

$213.92M

↑ +2039.2% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns

Financial Health →

Cash Quality

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Revenue Growth YoY (%)	9.2% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+31%)	-0.9% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-113%)	-0.8% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-111%)	0.6% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-92%)	-15.6% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-323%)	-35.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-602%)	-17.4% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-349%)	—	—	—	—
Net Income Growth YoY (%)	-897.3% Weak Weak Year-over-year change in net income	N/M	N/M	N/M	N/M	N/M	134.0% Excellent Excellent Year-over-year change in net income	—	—	—	—
Revenue CAGR 3Y (%)	2.4% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-0.4% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-5.6% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-18.0% Weak Weak Compound annual revenue growth over 3 years	-23.3% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—	—
Revenue CAGR 5Y (%)	-1.8% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-11.5% Weak Weak Compound annual revenue growth over 5 years	-14.7% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Effective Tax Rate (%) (%)	21.4% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	53.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.9% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.1% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.3% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.7% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	-15.7% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	-9.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-219%)	-1.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-113%)	15.0% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+88%)	-8.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-209%)	9.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	-8.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-209%)	6.8% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	2.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	—	—	—
FCF Margin (%) (%)	19.4% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.3% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	13.6% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	26.6% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	44.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	22.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.4% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	0.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	-2.04x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-5.07x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.90x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-3.06x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	4.63x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.55x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.67x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.28x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—

🎯 Is capital allocation efficient? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Return on Common Equity (%) (%)	-7.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-136%)	-0.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-103%)	9.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-54%)	-5.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-129%)	6.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-70%)	-6.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-134%)	7.4% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-63%)	3.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-83%)	—	18.7% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Debt to Equity (x)	0.41x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-49%)	0.02x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-98%)	—	—	0.18x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-78%)	0.13x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-83%)	0.43x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-47%)	—	—	—	—
Net Debt (USD)	$-54.86M	$-20.71M	$-28.07M	$-37.47M	$62.13M	$50.68M	$195.41M	$-48.56M	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Working Capital (USD)	$222.53M	$23.30M	$41.45M	$15.76M	$21.17M	$-140.67M	$5.57M	—	—	—	—
LT Debt (USD)	$213.92M	$10.00M	—	—	$104.48M	$75.18M	$263.18M	—	—	—	—
Total Equity (USD)	$523.43M	$572.96M	$599.33M	$546.97M	$587.70M	$564.83M	$616.30M	$570.46M	$571.33M	$531.94M	$451.37M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Sales/Revenue/Turnover (USD)	$395.26M	$362.11M	$365.32M	$368.23M	$366.11M	$433.68M	$668.84M	$809.89M	—	—	—
Depreciation Expense (USD)	$40.78M	$39.84M	$38.98M	$36.44M	$30.05M	$32.22M	$29.58M	$19.32M	—	—	—
Net Income, GAAP (USD)	$-37.49M	$-3.76M	$54.95M	$-32.02M	$35.48M	$-37.99M	$45.38M	$19.39M	—	$99.45M	—
Operating Cash Flow (USD)	$106.96M	$49.66M	$73.00M	$127.83M	$228.77M	$117.56M	$93.68M	$20.68M	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 11 years · 39 quarters

Biglari Holdings Inc.

Analytical Summary

11-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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