BIGLARI HOLDINGS INCINARY CLASS B (BH)
Consumer Discretionary · NYSE
A diversified holding company balancing restaurant franchising, insurance underwriting, and oil & gas assets under active value-driven capital management.
What BIGLARI HOLDINGS INCINARY CLASS B does
Biglari Holdings is a diversified holding company with operations in restaurant franchising and company-operated locations (Steak n Shake and Western Sizzlin), property and casualty insurance and reinsurance, oil and gas production, and licensing and media. The company's strategy combines decentralized operational management at individual business units with centralized financial decision-making under founder and CEO Sardar Biglari.
Themes: []
Fundamentals
- Price$394.70 as of 2026-07-09 close
- Market cap$1.3B as of 2026-07-10
- 1-year return+41.9% as of 2026-07-09 close
- Net margin-4.7% as of 2026-07-10
- Gross margin+38.5% as of 2026-07-10
- ROE-3.4% as of 2026-07-10
- Debt / equity0.61 as of 2026-07-10
- Revenue growth (YoY)-17.1% as of 2026-07-10
- Revenue CAGR (3y)+2.4% SEC XBRL
- Beta0.80 as of 2026-07-10
Key risks (from latest filing)
["Restaurant operations face intense competition with low barriers to entry, impacting profitability as consumer preferences and local economic conditions shift","Current net losses (-4.71% margin) and declining revenues (-17.09% YoY) indicate operational challenges across business segments, particularly restaurants and investment partnerships","Significant debt obligations ($239.9M in notes payable and lease obligations as of Q1 2026) combined with negative earnings pressure cash generation and financial flexibility"]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.