BH
Biglari Holdings Inc.
There isn't enough reported data to score BH yet.
BH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Stable | |
| Strong |
BH's revenue and balance sheet are currently healthy, and its profitability and cash flow are stable.
BH PE Valuation
BH has no meaningful PE right now: it lost money over the past year.
BH Forward outlook
There aren't enough analyst estimates for BH to show an outlook.
BH Earnings Per Share
BH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $112.1M | +12% |
| Q2 2026 | $108.5M | +7.9% |
| Q1 2026 | $97.5M | +2.6% |
| Q4 2025 | $99.9M | +9.6% |
| Q3 2025 | $99.7M | +10% |
| Q2 2025 | $100.6M | +10% |
| Q1 2025 | $95M | +6.2% |
| Q4 2024 | $91.1M | +0.5% |
BH's revenue has grown year over year for eight quarters in a row: $112M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.8% | +1.9 points |
| Q2 2026 | 5.8% | +2.1 points |
| Q1 2026 | -4.3% | -15 points |
| Q4 2025 | -1.7% | -6 points |
| Q3 2025 | 6.9% | +3.3 points |
| Q2 2025 | 3.6% | -18 points |
| Q1 2025 | 11% | +4.1 points |
| Q4 2024 | 4.3% | +0.1 points |
BH's operating margin was 8.8% last quarter, up 1.9 points from the same quarter a year ago.
BH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.2M | -114% |
| Q2 2026 | $8.3M | -79% |
| Q1 2026 | $13.4M | +57% |
| Q4 2025 | $6.4M | -42% |
| Q3 2025 | $22.3M | +505% |
| Q2 2025 | $39.4M | +$49.5M |
| Q1 2025 | $8.5M | -42% |
| Q4 2024 | $10.9M | -39% |
BH usually generates cash, though not every quarter: the latest was −$3M, but it generated $25M over the past year.
BH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4.3% | +101K shares |
| 1 year | +6.7% | +152K shares |
| 3 years | +6.7% | +152K shares |
| 5 years | +6.7% | +152K shares |
| Available history | +6.7% | +152K shares |
BH has 2M diluted shares, up 6.7% from a year ago.
BH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.0x | Very low |
| Q2 2026 | 3.5x | Elevated |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | -0.4x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.2x | Very low |
BH's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
BH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.6 | Neutral |
| Stochastic | 25.6 | Neutral |
BH's weekly RSI is 50 (neutral) and its Stochastic is 26 (neutral).
BH PE vs Consumer Cyclical Sector
| Metric | BH | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
BH has no meaningful PE right now: it lost money over the past year.
BH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $372.6 | 2.8% below |
| 20 week MA | $378.9 | 4.4% below |
| 50 week MA | $357.4 | 1.4% above |
| 100 week MA | $315.0 | 15% above |
| 200 week MA | $247.5 | 46% above |
BH has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 46% above its 200-week average.
BH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $115.3 | $124.4 | +7.9% |
| 2021 | $124.4 | $145.0 | +17% |
| 2022 | $145.0 | $139.3 | -3.9% |
| 2023 | $139.3 | $164.9 | +18% |
| 2024 | $164.9 | $257.2 | +56% |
| 2025 | $257.2 | $355.6 | +38% |
| 2026 YTD | $355.6 | $362.3 | +1.9% |
BH has finished higher in five of the last six years. It's up 1.9% so far in 2026.