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    Biglari Holdings Inc (BH-A)

    Official site

    CONSUMER CYCLICAL • RESTAURANTS • NYSE

    $2033.63
    +129.69 (+6.81%)

    Market Cap: $1.34B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    33%(1/3)
    Avg Surprise
    -430.70%
    PeriodReportedEst.SurpriseB/MYoY
    Jun 26
    Reported Aug 7
    $12.72N/AN/ABeat-22.5%
    Mar 26
    Reported May 7
    $-4.63N/AN/ABeat+91.4%
    Dec 25
    Reported Feb 28
    $-16.07N/AN/ABeat+2.9%
    Sep 25
    Reported Nov 6
    $-1.71N/AN/ABeat-103.3%
    Jun 25
    Reported Aug 11
    $16.41N/AN/ABeat+205.7%
    Mar 25
    Reported May 8
    $-53.62N/AN/ABeat-247.4%
    Dec 24
    Reported Mar 1
    $-16.55N/AN/ABeat-123.0%
    Sep 24
    Reported Nov 8
    $51.77N/AN/ABeat+156.8%
    Jun 24
    Reported Aug 9
    $-15.53N/AN/ABeat-597.8%
    Mar 24
    Reported Apr 17
    $36.38N/AN/ABeat-65.2%
    Dec 23
    Reported Feb 24
    $71.93N/AN/ABeat+344.0%
    Sep 23
    Reported Nov 3
    $-91.06N/AN/ABeat-276.6%
    Jun 23
    Reported Aug 4
    $3.12N/AN/ABeat+102.6%
    Mar 23
    Reported May 5
    $104.56N/AN/ABeat+109011.5%
    Dec 22
    Reported Feb 25
    $16.20N/AN/ABeat+1142.4%
    Sep 22
    Reported Nov 4
    $51.57N/AN/ABeat+1599.9%
    Jun 22
    Reported Aug 5
    $-118.89N/AN/ABeat-1678.9%
    Mar 22
    Reported May 6
    $-0.10N/AN/ABeat-100.4%
    Dec 21
    Reported Feb 28
    $-1.55N/AN/ABeat-113.3%
    Sep 21
    Reported Nov 5
    $-3.44N/AN/ABeat-150.6%
    Jun 21
    Reported Aug 6
    $-6.68N/AN/ABeat-148.8%
    Mar 21
    Reported May 7
    $23.11N/AN/ABeat+110.4%
    Dec 20
    Reported Mar 1
    $11.71N/AN/ABeat+167.0%
    Sep 20
    Reported Nov 9
    $6.80N/AN/ABeat+123741.8%
    Jun 20
    Reported Aug 10
    $13.69N/AN/ABeat+93.3%
    Mar 20
    Reported May 8
    $-222.18N/AN/ABeat-7122.0%
    Dec 19
    Reported Feb 24
    $4.38N/AN/ABeat+123.4%
    Sep 19
    Reported Nov 1
    $-0.01N/AN/ABeat+99.9%
    Jun 19
    Reported Aug 2
    $7.08$0.00N/ABeat+3179.0%
    Mar 19
    Reported May 3
    $3.16$0.00N/ABeat-
    Dec 18
    Reported Feb 25
    $-18.71$-14.91-25.49%Miss-
    Sep 18
    Reported Nov 2
    $-7.90$-0.54-1362.96%Miss-
    Jun 18
    Reported Aug 3
    $-0.23N/A+96.35%Beat-

    Key Metrics

    Valuation
    P/E Ratio-210.06EV/EBITDA301.44x
    Price/FCF127.82xFCF Yield0.78%
    Profitability
    Profit Margin-7.33%Operating Margin7.74%
    ROE-5.25%ROIC-2.14%
    Financial Health
    Debt/Equity0.44xInterest Coverage12.19x
    Current Ratio2.45xQuick Ratio2.42x
    Trading Statistics
    Beta0.51Avg Volume39.31K
    52-Week High$2513.0052-Week Low$1238.00

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$1855.77
    SMA 20$1792.17
    SMA 50$1858.95
    SMA 200$1833.23
    EMA 10$1868.39
    EMA 20$1836.60
    EMA 50$1839.67
    EMA 200$1778.46

    MACD

    Line: 23.18Signal: -5.94Hist: 29.12

    ADX

    ADX: 18.3+DI: 32.4-DI: 14.2

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down56.0
    PSAR$1790.66

    Bollinger Bands

    Upper Band$1960.37
    Lower Band$1623.96
    %B Position1877%(Upper)
    Band Width1.22

    RSI (14-Day)

    Overbought
    73.0

    Momentum Oscillators

    Stoch %K93.1
    Stoch %D83.4
    Williams %R-0.9
    ROC (10d)13.9%
    Momentum248.14
    CCI (20d)228.9
    MFI (14d)60.8

    Volatility Measures

    ATR (14d)$73.08(3.6%)
    StdDev (20d)84.10
    Hist Vol34.8%(Moderate)

    Volume Flow

    VWAP$1999.12
    OBV386.3K
    AD Line308.3K
    CMF (20d)0.033

    Volume Metrics

    Avg Vol (20d)39.1K
    Vol Ratio0.9x
    VWMA (20d)$1790.21

    Pivot Points

    R3$1990.51
    R2$1963.53
    R1$1933.73
    Pivot Point$1906.75
    S1$1876.95
    S2$1849.97
    S3$1820.17

    Advanced Oscillators

    TSI11.44
    Ultimate Osc63.9
    KST-2.72

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$108.52M$97.48M$99.87M$99.74M$100.62M$95.03M$91.11M$90.41M$91.14M$89.45M$90.67M$90.94M
    Cost of Revenue$63.74M$69.74M$74.10M$60.67M$71.54M$60.51M$56.10M$55.47M$66.56M$64.54M$61.42M$54.00M
    Gross Profit$44.78M$27.74M$25.77M$39.06M$29.07M$34.53M$35.01M$34.94M$24.58M$24.91M$29.25M$36.94M
    Operating Expenses$31.58M$24.66M$22.05M$20.42M$23.40M$31.62M$29.32M$19.51M$18.65M$18.27M$22.41M$18.32M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$26.23M$24.87M$51.18M$15.05M$17.99M$18.14M$6.65M$16.33M$15.80M$15.33M$9.78M$18.32M
    Operating Income$13.21M$3.08M$3.72M$18.64M$5.68M$2.90M$5.70M$15.43M$5.93M$6.64M$6.83M$18.62M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$6.93M$7.01M$412,000$1.51M$2.09M$2.23M$1.80M$1.63M$1.39M$1.31M$1.46M$1.52M
    Income Before Tax$51.62M$-18,882,000$-64,058,000$-3,030,000$65.10M$-41,183,000$-17,960,000$43.33M$-62,915,000$29.39M$50.69M$-74,016,000
    Income Tax Expense$11.69M$-4,351,000$-14,205,000$2.26M$14.17M$-7,908,000$-7,687,000$11.20M$-14,725,000$6.82M$6.05M$-17,502,000
    Net Income$39.93M$-14,531,000$-49,853,000$-5,291,000$50.93M$-33,275,000$-10,273,000$32.13M$-48,190,000$22.58M$44.64M$-56,514,000
    EBITDA$68.70M$-1,217,000$-53,765,000$8.02M$77.47M$-28,693,000$-6,078,000$15.43M$-52,402,000$40.76M$61.48M$18.62M
    EBIT$58.55M$-11,874,000$-64,470,000$-1,522,001$67.19M$-38,950,000$-16,161,000$4.85M$-61,524,000$30.71M$52.15M$9.01M
    * Some calculated fields are derived from available data when not provided by source

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    BH-A Valuation and Fair Value

    P/E
    -210.1x
    EV/EBITDA
    301.4x
    P/FCF
    127.8x
    P/B
    11.7x
    See GNG's fair value

    BH-A Profitability: Margins, ROIC and FCF

    Gross margin
    33.9%
    Operating margin
    7.7%
    Net margin
    -7.3%
    ROIC
    -2.1%
    ROE
    -5.3%
    FCF margin
    12.3%
    FCF yield
    0.8%

    BH-A Bull Case vs Bear Case

    Bear case

    • BH-A has a -7.3% net profit margin.

    BH-A Earnings: Beat Rate and Next Report

    Beat rate
    3 of 5 quarters (60.0%)
    Average surprise
    -430.7%

    Frequently Asked Questions About BH-A

    Does BH-A pay dividends?

    Biglari Holdings Inc (BH-A) does not currently pay a regular dividend.

    What is BH-A's market cap?

    Biglari Holdings Inc (BH-A) has a market capitalization of $1.34B with a current stock price of $2033.63.

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