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BH

Biglari Holdings Inc.

BHConsumer CyclicalNASDAQ

Restaurants · Last scanned Jun 3, 2026

PriceMA150MA200
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Financials · Annual
Revenue
$395.3M
+9.2% YoY
Net Income
-$37.5M
-897.3% YoY
EBITDA
$6.7M
-82.2% YoY
Free Cash Flow
$10.7M

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About Biglari Holdings Inc.

Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. Valued at $929.1M, BH is a small-cap name in its sector. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names.

Key stats
Market Cap$929.1M
Fwd P/E-39.73
EPS$-14.65
Beta0.63
52W Change+13.7%
ROE-3.5%
Analysis

The company holds $314.3M in cash, though total debt stands at $357.7M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow comes in at $10.7M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of -3.5% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.5% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $368.2M (2022) to $395.3M (2025).

BH's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Biglari Holdings Inc. and its sector.

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