BH
Biglari Holdings Inc. Consumer Discretionary Retail-Eating Places Russell 3000
$393.70Close
$247.83 – $476.9252-week range
Nov 6, 2026Next report
Highlights
Cautions
- Trend not confirmed 6 of 8 conditions · 150-day under the 200-day, RS under 70
- Results soon Nov 6, 2026, in 5 days
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
17%
1wk
down 0.6%
price change
1mo
up 14.5%
price change
12-month return
up 9%
market up 11% ·
its own down 3%
F-score
—
— Not assessed
Altman Z″
4.14
Low risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
—
price / book
Earnings yield
—
EBIT / enterprise value
Cheaper than
—
of the market · not assessed
Revenue growth
up 9%
year on year
EPS growth
—
latest quarter
Sales growth
up 8%
latest quarter · +5 pts
ROE
down 7%
return on equity
Free cash margin
up 19%
$76.6M FCF
D/E
0.41
long-term debt / equity
Net debt / EBITDA
-41.9×
net cash
Interest cover
Lossoperating loss
Piotroski tests
Repair signals
- Revenue reaccelerating (-1% then +9%)
Trade setup
ATR%
3.9%
$15.24 a day · 2×ATR $363.23
RS
62 / 99
vs the universe
Trend
6 / 8
150-day under the 200-day, RS under 70
Relative volume
0.7×
vs 50-day average
Up/down volume
1.18
50 sessions
Implied move
—
no option chain · report Nov 6, 2026
Trend template · 6 of 8
- 150-day average above the 200-day: fails
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
- Gross margin narrowing Gross margin fell from 60.4% to 59.2%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported
Aug 7, 2026
Results reaction
Aug 7, 2026-2% vs market2 sessions after results
Financials
- Gross 59%
- Net -9%
- Free cash 19%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $433.7M | $366.1M | $368.2M | $365.3M | $362.1M | $395.3M |
| Gross margin | 43% | 54% | 62% | 62% | 60% | 59% |
| Net income | -$38.0M | $35.5M | -$32.0M | $54.9M | -$3.8M | -$37.5M |
| Net margin | -9% | 10% | -9% | 15% | -1% | -9% |
| Free cash flow | $96.9M | $164.2M | $98.1M | $49.6M | $19.1M | $76.6M |
| Free cash margin | 22% | 45% | 27% | 14% | 5% | 19% |
| Cash | $24.5M | $42.3M | $37.5M | $28.1M | $30.7M | $268.8M |
| Long-term debt | $111.6M | $104.5M | — | — | $10.0M | $213.9M |
| Shareholders' equity | $564.8M | $587.7M | $547.0M | $599.3M | $573.0M | $523.4M |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 7, 2026 | Quarterly ↗ | Jun 30, 2026 | 38d |
| May 8, 2026 | Quarterly ↗ | Mar 31, 2026 | 38d |
| Mar 2, 2026 | Annual ↗ | Dec 31, 2025 | 61d |
| Nov 7, 2025 | Quarterly ↗ | Sep 30, 2025 | 38d |
| Aug 8, 2025 | Quarterly ↗ | Jun 30, 2025 | 39d |
| May 9, 2025 | Quarterly ↗ | Mar 31, 2025 | 39d |
| Mar 3, 2025 | Annual ↗ | Dec 31, 2024 | 62d |
| Nov 8, 2024 | Quarterly ↗ | Sep 30, 2024 | 39d |
| Aug 9, 2024 | Quarterly ↗ | Jun 30, 2024 | 40d |
| May 10, 2024 | Quarterly ↗ | Mar 31, 2024 | 40d |
| Feb 26, 2024 | Annual ↗ | Dec 31, 2023 | 57d |
| Nov 3, 2023 | Quarterly ↗ | Sep 30, 2023 | 34d |
Current reports
| Filed | Disclosed |
|---|---|
| Aug 7, 2026 | Results ↗ |
| May 8, 2026 | Results ↗ |
| Apr 10, 2026 | Shareholder vote ↗ |
| Mar 2, 2026 | Results · Regulation FD ↗ |
| Nov 21, 2025 | Regulation FD ↗ |
| Nov 7, 2025 | Results ↗ |
| Oct 6, 2025 | Material agreement · New obligation ↗ |
| Oct 1, 2025 | Regulation FD ↗ |
| Aug 8, 2025 | Results ↗ |
| May 9, 2025 | Results ↗ |
| Apr 17, 2025 | Shareholder vote ↗ |
| Mar 3, 2025 | Results · Regulation FD ↗ |