Biglari Holdings Inc. Class B (BH) Financials

$381.03

$1.33 (0.35%)

As on 26-Aug-2026 10:42EDT

Market cap

$1,245 Mln

Revenue (TTM)

$406 Mln

P/E Ratio

--

P/B Ratio

2.3

Div. Yield

0 %

Annual
Quarterly

Income Statement ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Operating Revenue	405.61	395.26	362.11	365.32	368.23	366.11
Cost of Revenue	268.26	286.63	223.49	248.94	215.45	223.33
Gross Profit	137.36	108.64	138.62	116.38	152.78	142.78
Operating Expenses	98.71	90.52	115.51	77.00	70.61	76.02
Operating Profit (EBIT)	38.65	18.11	23.11	39.38	82.17	66.76
Other Income	--	--	--	--	--	17.35
Profit before Tax	-34.35	-47.69	-8.15	64.85	-43.03	42.27
Provision for Tax	-4.60	-10.20	-4.40	9.31	-10.72	6.79
Profit after Tax (Net Income)	-29.75	-37.49	-3.76	54.95	-32.02	35.48
Minority Interest	--	--	--	-0.27	0.29	--
Consolidated Profit	-55.14	-37.49	-3.76	54.95	-32.31	35.48

Liabilities ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Shareholder's Funds	543.79	523.43	572.96	599.33	546.97	587.70
Minority Interest	--	--	--	--	--	--
Non-Current Liabilities	357.92	369.71	145.86	138.99	138.01	163.47
Current Liabilities	156.88	156.00	147.32	111.10	134.90	143.64
Total Liabilities	1,215.46	1,049.13	866.13	849.42	828.47	894.81

Assets ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Non-Current Assets	674.66	674.48	695.52	696.87	677.82	730.00
Current Assets	383.92	374.65	170.62	152.55	150.65	164.81
Total Assets	1,215.46	1,049.13	866.13	849.42	828.47	894.81
Total Debt*	289.33	358.64	150.19	101.24	118.83	121.38
Net Current Assets	227.05	222.53	23.30	41.45	15.76	21.17

Cashflow ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Cash From Operating Activities	--	106.96	49.66	73.00	127.83	228.77
Cash Flow from Investing Activities	--	-65.47	-87.39	-66.08	-136.61	-58.53
Cash from Financing Activities	--	196.53	39.48	-16.13	3.86	-156.16
Net Cash Inflow / Outflow	--	--	--	--	--	14.02

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Adjusted EPS ($)	-9.68	-12.08	-2.69	38.37	-10.32	17.15
Cash EPS ($)	--	1.06	25.78	65.59	1.43	31.68
Adjusted Book Value ($)	--	168.68	409.40	418.53	176.27	284.10
Dividend per Share ($)	--	--	--	--	--	--
Cash Flow per Share ($)	--	34.47	35.48	50.98	41.19	110.59
Free Cash Flow per Share ($)	--	24.69	13.62	34.63	31.61	79.39

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
ROCE (%)	--	-4.67	-0.53	8.04	-4.66	4.67
ROE (%)	-5.58	-6.84	-0.64	9.59	-5.64	6.16
ROA (%)	-2.70	-3.91	-0.44	6.55	-3.72	3.71
EBIT Margin (%)	-4.76	-10.69	-0.56	19.34	12.42	10.03
Net Margin (%)	-7.33	-9.48	-1.04	15.04	-8.70	9.25
Cash Profit Margin (%)	--	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Revenue Growth (%)	7.54	0.09	-0.01	-0.01	0.01	-0.16
EBIT Growth (%)	-214.09	-1,990.50	-102.86	54.47	24.58	29.39
Net Profit Growth (%)	-175.30	-897.29	-106.84	271.62	-190.25	193.39
EPS Growth (%)	-155.62	-3.50	-1.07	4.72	-1.60	1.93
Book Value Growth (%)	-8.78	--	--	--	--	--

Valuation Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Price / Earnings	--	-27.52	-94.67	4.30	-13.45	8.31
Price / Book Value	2.29	1.97	0.62	0.39	0.79	0.50
Dividend Yield (%)	--	--	--	--	--	--
EV/EBITDA	49.64	-705.79	9.85	1.98	5.39	4.36
Close Price ($)	426.03	332.43	254.29	164.93	138.80	142.57
High Price ($)	483.60	381.83	271.35	218.50	167.39	188.50
Low Price ($)	236.14	195.05	145.95	137.01	110.56	106.00
Market Cap ($ Cr)	1,244.81	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debt to Equity	0.39	0.69	0.26	0.17	0.22	0.21
Short term debt to equity ratio	0.07	0.09	0.09	0.02	0.05	0.03
Current Ratio	2.45	2.40	1.16	1.37	1.12	1.15
Quick Ratio	2.42	2.38	1.13	1.35	1.09	1.12
Interest Coverage	-1.28	-7.80	-0.33	12.19	7.76	5.13

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debtors to sales (%)	6.16	5.89	6.95	6.09	7.98	7.79
Asset Turnover	0.37	0.41	0.42	0.44	0.43	0.38
Receivable days	--	22.39	23.92	25.80	28.71	23.79
Inventory Days	--	4.97	5.73	5.01	6.49	5.35
Payable days	--	39.96	41.67	37.33	55.19	51.70
Cash Conversion Cycle	--	-12.60	-12.02	-6.51	-20.00	-22.56

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.