Biglari Holdings Inc.

NYSE•BH

CEO: Mr. Sardar Biglari C.F.A.

セクター: Consumer Cyclical

業種: Restaurants

上場日: 1980-03-17

Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance to truckers; and providing property and casualty insurance. In addition, it operates oil and natural gas properties in the Gulf of Mexico; and publishes and sells magazines under the MAXIM brand name. Further, it licenses media products and services; and engages in the 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.

連絡先情報

19100 Ridgewood Parkway, Suite 1200, San Antonio, TX, 78259, United States

210-344-3400

www.biglariholdings.com

時価総額

$967.27M

PER (TTM)

-25.5

31.6

配当利回り

52週高値

$483.60

52週安値

$195.05

52週レンジ

39%

順位43Top 50.7%

3.8

F-Score

改良版 Piotroski 分析

10年ファンダメンタル

弱い • 3.8 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2016-2025

財務ダッシュボード

Q4 2025 データ

売上高

$99.87M+0.00%

直近4四半期の推移

EPS

-$16.07+0.00%

直近4四半期の推移

フリーCF

$6.37M+0.00%

直近4四半期の推移

2025 Annual 決算ハイライト

主なハイライト

Restaurant Revenue Growth Strong Net sales for restaurant operations reached $181.884M USD, increasing 14.2% driven by 10.5% Steak n Shake same-store sales growth.

Insurance Underwriting Profit Rises Net underwriting gain for insurance segment totaled $5.696M USD in 2025, up $2.190M compared to 2024 results.

Cash Position Significantly Improved Total cash, cash equivalents, and restricted cash ended 2025 at $269.493M USD, a substantial increase from $31.432M in 2024.

Total Revenue Increased Total revenues for 2025 were $395.261M USD, reflecting a 9.2% increase over the $362.114M reported in 2024.

リスク要因

Net Loss Widened Substantially Net loss attributable to shareholders was $(37.488)M USD in 2025, significantly worse than the $(3.759)M loss reported in 2024.

Investment Partnership Losses Increased Investment partnership losses totaled $(67.001)M USD in 2025, worsening by $25.943M compared to the $(41.058)M loss in 2024.

Material Weakness in Controls Material weakness identified in internal control over financial reporting due to insufficient segregation of duties in insurance loss review process.

Oil/Gas Prices Remain Volatile Oil and gas earnings highly dependent on volatile commodity prices; potential future impairments exist if prices decline further.

見通し

Remediation of Control Deficiency Management plans to implement measures to address the material weakness in insurance loss review controls; testing required for remediation confirmation.

Capital Position Augmented Subsequent events show intent to use net proceeds from ATM offering to augment capital position and support investment activities.

Debt Structure Changes Noted Steak n Shake secured $225.000M note payable in September 2025; Biglari Holdings line of credit balance reduced to $27.250M.

Future Regulatory Compliance Focus Operations remain subject to extensive government regulations, requiring ongoing costs for compliance across restaurant and insurance segments.

同業比較

売上高 (TTM)

ARCO

$4.56B

+1.2%

GIII

$3.36B

+8.3%

CBRL

$3.36B

-4.1%

粗利益率 (最新四半期)

CRI

43.2%

-1.9pp

GIII

37.0%

+0.2pp

HDL

33.5%

+2.3pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
ARCO	$1.63B	6.6	41.8%	57.8%
CRI	$1.26B	13.4	10.5%	47.2%
GIII	$1.11B	16.4	3.9%	0.4%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

1.7%

緩やかな成長

4四半期純利益CAGR

N/M

収益構造の変化

キャッシュフロー安定性

100%

優れたキャッシュフローの実績

深度リサーチ

次回決算:2026年5月7日

EPS:-

売上高:-

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし