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Biglari Holdings BH

US equityMarket cap rank #3119Restaurants
$369.22 +$0.32 (+0.09%)
Market open · Oct 8, 12:30 pm ET · After hours $367.90 -0.27%
Open$369.70
Prev close$368.90
Day range$365.15 – $370.97
Volume21.4K
Market cap$1.18B
P/E (TTM)–
Dividend yield–

Earnings

Average move on report day±5.4%last 16 reports
Closed higher5 of 1631% of the time
Best reaction+11.1%
Worst reaction-13.5%

Stock move on the day after each report

-11.0%2007/Q2-8.7%2007/Q3-13.5%2007/Q4-5.6%2008/Q1-10.8%2008/Q2-4.4%2008/Q3+11.1%2009/Q4+0.9%2011/Q1-3.1%2011/Q2+1.4%2011/Q3+1.7%2011/Q4-1.3%2018/Q2
QuarterReport dateTimingImplied moveActual moveVersus implied
2018/Q23 Aug 2018None–-1.34%–
2011/Q412 Dec 2011After Market–+1.68%–
2011/Q312 Aug 2011After Market–+1.45%–
2011/Q220 May 2011After Market–-3.09%–
2011/Q128 Jan 2011After Market–+0.91%–
2009/Q414 Dec 2009After Market–+11.10%–
2008/Q311 Aug 2008None–-4.39%–
2008/Q214 May 2008After Market–-10.76%–
2008/Q124 Jan 2008After Market–-5.61%–
2007/Q415 Nov 2007After Market–-13.50%–
2007/Q39 Aug 2007After Market–-8.70%–
2007/Q29 May 2007After Market–-10.98%–
2007/Q124 Jan 2007After Market–-1.24%–
2006/Q414 Nov 2006After Market–-5.27%–
2006/Q310 Aug 2006After Market–+3.46%–
2006/Q218 May 2006After Market–-2.84%–

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Steak n Shake$72.10M 66.4%
  • First Guard$9.20M 8.5%
  • Southern Pioneer$8.50M 7.8%
  • Abraxas Petroleum$7.30M 6.7%
  • Southern Oil$3.96M 3.7%
  • Maxim$3.51M 3.2%
  • Western Sizzlin$2.63M 2.4%
  • Investment income$717,000.00 0.7%
  • Other$620,000.00 0.6%

Latest reported quarter: Q2, ended Jun 2026

Revenue$108.52M+7.9% YoY
Operating profit$8.40M+35.1% YoY
Net profit$39.93M-21.6% YoY
Diluted EPS$31.63-18.7% YoY
Free cash flow$8.28M-79.0% YoY
Operating cash flow$14.95M

Revenue, last 8 quarters

$90.4MSep '24$91.1MDec '24$95.0MMar '25$100.6MJun '25$99.7MSep '25$99.9MDec '25$97.5MMar '26$108.5MJun '26

Net profit, last 8 quarters

$32.1MSep '24$-10.3MDec '24$-33.3MMar '25$50.9MJun '25$-5.3MSep '25$-49.9MDec '25$-14.5MMar '26$39.9MJun '26

Profitability & balance sheet

Gross margin39.1%
Operating margin5.9%
Net margin-7.3%
Return on equity-5.3%
Return on assets-3.1%
Return on invested capital-1.5%
Current ratio2.45
Liabilities / assets48.6%
Cash & investments$342.72M
Total debt$346.31M
Net cash (debt)-$3.60M
Free cash flow / sales12.4%

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