Financials in USD. Standardized financial statements.
A compact view of how Biglari Holdings Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $395.26M | $362.11M | $365.32M | $368.23M | $366.11M | $433.68M | $668.84M | $809.89M | $839.80M | $850.08M |
| Revenue Growth? | +9.2% | -0.9% | -0.8% | +0.6% | -15.6% | -35.2% | -17.4% | -3.6% | -1.2% | 0.0% |
| Cost of Revenue? | $286.63M | $223.49M | $248.94M | $215.45M | $223.33M | $296.73M | $533.66M | $661.44M | $687.28M | $668.28M |
| Gross Profit? | $108.64M | $138.62M | $116.38M | $152.78M | $142.78M | $136.95M | $135.18M | $148.46M | $152.52M | $181.79M |
| Gross Margin? | +27.5% | +38.3% | +31.9% | +41.5% | +39.0% | +31.6% | +20.2% | +18.3% | +18.2% | +21.4% |
| Operating Expenses? | $90.52M | $115.51M | $77.00M | $70.61M | $76.02M | $76.36M | $100.15M | $152.23M | $152.26M | $150.18M |
| Operating Income? | $18.11M | $23.11M | $39.38M | $82.17M | $66.76M | $60.59M | $35.03M | $36.64M | $267,000 | $31.61M |
| EBITDA? | $58.89M | $37.82M | $109.62M | $82.17M | $66.76M | $60.59M | $35.03M | $55.96M | $28.68M | $54.53M |
| Income Before Tax | -$47.69M | -$8.15M | $64.85M | -$43.03M | $42.27M | -$50.20M | $55.14M | $16.75M | -$12.89M | $146.26M |
| Income Tax Expense | -$10.20M | -$4.39M | $9.31M | -$10.72M | $6.79M | -$12.21M | $9.76M | -$2.64M | -$62.96M | $46.81M |
| Net Income? | -$37.49M | -$3.76M | $54.95M | -$32.02M | $35.48M | -$37.99M | $45.38M | $19.39M | $50.07M | $99.45M |
| EPS? | $-12.08 | $-2.69 | $38.55 | $-21.49 | $22.37 | $-22.01 | $26.33 | $11.14 | $27.20 | $54.24 |
| Diluted EPS? | $-12.08 | $-2.69 | $38.55 | $-21.49 | $22.37 | $-22.01 | $26.33 | $11.14 | $27.20 | $54.24 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality