Biglari Holdings Inc.
BH-A
Last
—
Day
—
1y
+8.5%
5y
+277.7%
52w
-28.1%
SPY YTD
+13.3%
XLY
-5.6%
Earnings
2026-11-0627d
EMA 21
1797.66
EMA 50
1826.99
EMA 200
1772.45
20d high
-4.2%
5y high
-28.1%
5y range
66th
Positions held
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Score
13
Hold
watch
Signal
Neutral
Target
$1,917.37
Stop
$1,716.07
Stop distance
—
Target vs last
—
Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
Bull case
- Biglari Holdings Inc. is strategically positioned in the consumer cyclical sector, focusing on the restaurant industry, which is experiencing a recovery phase post-pandemic, leading to increased consumer spending.
- In the latest quarter, revenue increased by 11% compared to the prior quarter, reaching $109 million.
- The gross margin improved to 41.3%, up from 39.4% in the previous quarter.
Bear case
- Despite the positive revenue growth, Biglari Holdings has faced challenges with a negative earnings growth rate of -22.5%, indicating potential profitability issues.
- The company reported a net income loss of $14.531 million in Q1 2026, following a loss of $49.853 million in Q4 2025.
- The operating margin remains low at 7.7%, which raises concerns about operational efficiency.
Fundamentals
| Market cap | $1.15B | Enterprise value | $1.17B | Trailing P/E | — | Forward P/E | — |
| PEG | — | Price / book | 2.09 | Beta | 0.51 | Dividend yield | 0.00% |
| Revenue growth | 7.9% | Earnings growth | -22.5% | Gross margin | 39.1% | Operating margin | 7.7% |
| Profit margin | -7.3% | ROE | -5.3% | ROA | 1.6% | Debt / equity | 0.66 |
| Current ratio | 2.45 | Free cash flow | $27.71M | Analyst recommendation | none | Mean target | — |
| 52w high | $2,513.00 | 52w low | $1,238.00 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $109M | $97.5M | $99.9M | $99.7M | $101M | — |
| Op margin | 7.7% | 2.9% | 3.6% | 9.1% | 6.2% | — |
| Net income | $39.9M | -$14.5M | -$49.9M | -$5.3M | $50.9M | — |
| Gross margin | 41.3% | 39.4% | 36.5% | 39.2% | 39.1% | — |
| Gross profit | $44.8M | $38.4M | $36.5M | $39.1M | $39.3M | — |
| Operating income | $8.4M | $2.9M | $3.6M | $9.1M | $6.2M | — |
- Revenue +11% vs prior quarter ($109M vs $97M).
- Gross margin 41.3% (was 39.4% prior quarter).
- Operating margin expanded to 7.7%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $395M | $362M | $365M | $368M | — |
| Op margin | 5.5% | 6.4% | 10.8% | 12.4% | — |
| Net income | -$37.5M | -$3.8M | $54.9M | -$32.0M | — |
| Gross margin | 37.8% | 38.3% | 42.5% | 41.5% | — |
| Gross profit | $149M | $139M | $155M | $153M | — |
| Operating income | $21.8M | $23.1M | $39.4M | $45.7M | — |
Headline scan
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
No headlines.
Price (daily)
Full chart · RSI · MACD · patternsBH-A · daily+5.2% over 14 sessions
Close EMA21 EMA50 EMA200
Quarterly · revenue, net income, margins
Revenue Net income Gross margin Op margin