Biglari Holdings Inc.
Rank #325DeclineBH-A · NYSE · Consumer Cyclical
Biglari Holdings Inc. (BH-A) — Rank #325 by gross profitability (GP/assets 0.22) · ROE -6.9% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001726173 · all metrics point-in-time as of the filing date.
About
Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States.
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The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. It also engages in underwriting commercial truck insurance, including selling physical damage and non-trucking liability insurance to truckers; and property and casualty insurance and reinsurance. In addition, the company operates oil and natural gas properties offshore in Louisiana state waters and in the Permian Basin; and publishes, licenses, and sells magazines under the MAXIM brand names. Further, it involved investment activities. The company was formerly known as The Steak n Shake Company and changed its name to Biglari Holdings Inc. in April 2010. Biglari Holdings Inc.
was founded in 1934 and is based in San Antonio, Texas.
- Industry
- Restaurants
- Sector
- Consumer Cyclical
- State
- IN
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- biglariholdings.com
Financials
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2022-12-31filed 2023-02-27 | 2021-12-31filed 2022-02-28 | 2020-12-31filed 2021-03-01 | 2019-12-31filed 2020-02-24 |
|---|---|---|---|---|
| Assets | ||||
| Cash & equivalents | 37.5 | 42.3 | 24.5 | — |
| Accounts receivable | 29.4 | 28.5 | 19.2 | — |
| Inventory | 3.9 | 3.8 | 2.7 | — |
| Total current assets | 150.7 | 164.8 | 147.8 | — |
| Property, plant & equipment, net | 400.7 | 349.4 | 316.1 | — |
| Goodwill | 53.5 | 53.5 | 53.6 | — |
| Intangible assets (excl. goodwill) | 23.0 | 23.5 | 24.1 | — |
| Total assets | 828.5 | 894.8 | 1,018.0 | — |
| Liabilities | ||||
| Accounts payable | 28.4 | 36.7 | — | — |
| Deferred revenue | 4.4 | 6.7 | 9.3 | — |
| Total current liabilities | 134.9 | 143.6 | 288.4 | — |
| Total debt | 10.0 | 104.5 | 234.2 | — |
| Total liabilities | 272.9 | 307.1 | 453.1 | — |
| Equity | ||||
| Retained earnings | 576.5 | 608.5 | 573.1 | — |
| Total shareholders' equity | 555.6 | 587.7 | 564.8 | 616.3 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?