Biglari Holdings/$BH.A

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About Biglari Holdings

Biglari Holdings Inc is a holding company that owns subsidiaries in a range of businesses. The company's reportable segments include Restaurant Operations, Insurance Operations, Oil and Gas Operations. Company's restaurant operations include Steak n Shake and Western Sizzlin. Its insurance operations include First Guard, Southern Pioneer, and Biglari Reinsurance. Oil and gas operations include Southern Oil and Abraxas Petroleum. The Company also reports segment information for Maxim. The majority of revenue is derived from the Maxim Segment.

Ticker

$BH.A

Primary listing

NYSE

Employees

2,535

Biglari Holdings Metrics

BasicAdvanced
$1.1B
11.77
$146.55
0.86
-

Bulls say / Bears say

The company kept revenues steady, with $362.11 million in 2024 nearly matching $365.32 million in 2023, reflecting underlying resilience in its diverse operations (Reuters Turn15view0)
Positive operating cash flow of $49.66 million in 2024 supports liquidity and funding for growth from within, despite fluctuations in net income (Reuters Turn15view0)
Fiscal 2023 saw a net profit of $54.95 million compared to a loss in 2022, proving the business can deliver returns when market conditions favor it (Reuters Turn15view0)
Net loss of $3.76 million in fiscal 2024 highlights unpredictability in core business, reversing a $54.95 million profit in 2023 and showing inconsistent earnings performance (Reuters Turn15view0)
Total debt climbed to $114.05 million in 2024 from $66.14 million in 2023, significantly increasing leverage and raising concerns about refinancing and interest rate exposure (Reuters Turn15view0)
Return metrics were sharply negative in 2024, with ROE at −6.95% and ROIC at −8.25%, underscoring the company's difficulty in using capital efficiently (Reuters Turn15view0)
Data summarised monthly by Lightyear AI. Last updated on 7 Oct 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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