Biglari Holdings Inc. BH Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Restaurant operations by Business | ||||||
| Insurance Segment | $18.94M-2.1% | $19.11M+0.5% | $19.18M+5.1% | $18.82M+6.4% | $19.35M+9.1% | |
| Maxim | $3.26M+132% | —— | —— | —— | $1.41M+564% | |
| Oil And Gas Segment | $9.14M-8.0% | $5.41M-41.1% | $7.37M-23.0% | $7.5M-13.5% | $9.93M+4.4% | |
| Restaurant Segment | $66.15M+2.8% | $72.77M+16.3% | $71.74M+15.0% | $72.01M+11.7% | $64.35M+3.8% | |
| Earnings (loss) before income taxes by Business | ||||||
| Insurance Segment | $3.24M+111% | $4.14M+121% | $5.25M+68.0% | $1.79M-3.1% | $1.54M-31.6% | |
| Maxim | $157K+144% | —— | —— | —— | -$357K-0.8% | |
| Oil And Gas Segment | $1.51M-85.9% | $467K+44.1% | $667K-6.3% | $1.12M-93.6% | $10.65M+626% | |
| Restaurant Segment | $2.88M-13.2% | $5.75M+28.9% | $7.65M+17.4% | $6.44M+11.6% | $3.31M-32.1% | |
| Costs and Expenses by Business | ||||||
| Insurance Segment | $15.7M-11.9% | $14.97M-12.7% | $13.93M-7.9% | $17.03M+7.5% | $17.81M+15.0% | |
| Maxim | $3.1M+76.0% | —— | —— | —— | $1.76M+212% | |
| Oil And Gas Segment | $8.12M-5.6% | $6.61M-26.1% | $6.8M-23.7% | $7.18M-4.1% | $8.61M+0.9% | |
| Restaurant Segment | $63.27M+3.7% | $67.02M+15.3% | $64.1M+14.7% | $65.58M+11.7% | $61.04M+6.9% | |
| G&A by Business | ||||||
| Maxim | $39K-9.3% | —— | —— | —— | $43K-31.7% | |
| Oil And Gas Segment | $1.33M+1.7% | $1.44M-42.1% | $1.04M-4.3% | $1.18M-10.6% | $1.3M+5.6% | |
| Depreciation, depletion, and amortization by Business | ||||||
| Maxim | $191K+173% | —— | —— | —— | $70K— | |
| Oil And Gas Segment | $2.87M-11.7% | $2.79M-7.8% | $2.51M-26.1% | $3.11M+65.7% | $3.26M+16.6% | |
| Total revenues by Product | ||||||
| Other | $486K-34.9% | $789K-7.8% | $623K-17.6% | $818K+82.6% | $747K-16.6% | |
| Earnings (loss) before income taxes by Product | ||||||
| Insurance Underwriting | 288,300,000%+166,800,000pp | 72,600,000%-2,900,000pp | 453,700,000%+225,900,000pp | 209,100,000%+76,000,000pp | 121,500,000%+35,600,000pp | |
| Investment Income | 65,100,000%-18,600,000pp | 83,900,000%-40,300,000pp | 82,400,000%+800,000pp | 83,900,000%-11,600,000pp | 83,700,000%-7,800,000pp | |
| Other | -29,300,000%-28,000,000pp | 257,400,000%— | -11,400,000%-14,300,000pp | -28,000,000%-62,900,000pp | -1,300,000%-48,500,000pp | |
| Restaurant operations by Product | ||||||
| Franchise partner fees | $20.54M+19.8% | $20.55M+17.1% | $19.17M+11.7% | $20.15M+11.0% | $17.14M-3.5% | |
| Franchise royalties and fees | $3.13M-10.4% | $4.07M+31.5% | $2.9M-15.8% | $3.13M-13.5% | $3.49M+0.3% | |
| Insurance premiums and other | $18.94M-2.1% | $19.11M+0.5% | $19.18M+5.1% | $18.82M+6.4% | $19.35M+9.1% | |
| Licensing and media | $3.26M+132% | —— | —— | —— | $1.41M+564% | |
| Oil and gas | $9.14M-8.0% | $5.41M-41.1% | $7.37M-23.0% | $7.5M-13.5% | $9.93M+4.4% | |
| Restaurant operations | $66.15M+2.8% | $72.77M+16.3% | $71.74M+15.0% | $72.01M+11.7% | $64.35M+3.8% | |
| Other segment items by Product | ||||||
| Insurance Underwriting | $0— | $0— | $0— | $0— | $0— | |
| Investment Income | $0— | $0— | $0— | $0— | $0— | |
| Other | $875K+15.1% | —— | $737K+1.4% | $1.1M+1,009% | $760K+79.2% | |
| Costs and Expenses by Product | ||||||
| Insurance Underwriting | $14.92M-12.5% | $16.76M+3.7% | $13.2M-8.3% | $15.93M+1.2% | $17.05M+13.2% | |
| Investment Income | $0— | $0— | $0— | $0— | $0— | |
| Other | $779K+2.5% | —— | $737K+1.4% | $1.1M+1,009% | $760K+79.2% | |
| Insurance losses and underwriting expenses by Product | ||||||
| Insurance Underwriting | $4.96M-1.7% | $7.34M+90.6% | $3.15M-35.9% | $4.26M-10.9% | $5.05M+20.6% | |
| Investment Income | $0— | $0— | $0— | $0— | $0— | |
| Other | -$96K— | $0— | $0— | $0— | $0— | |
| Insurance losses by Product | ||||||
| Insurance Underwriting | $9.96M-17.1% | $9.42M-23.5% | $10.05M+5.9% | $11.67M+6.5% | $12.01M+10.4% | |
| Investment Income | $0— | $0— | $0— | $0— | $0— | |
| Other | $0— | $0— | $0— | $0— | $0— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Biglari Holdings Inc. break its business down?
- Biglari Holdings Inc. (BH) reports restaurant operations by business across 4 parts — Insurance Segment, Maxim, Oil And Gas Segment and Restaurant Segment. Each is extracted from the segment footnotes and tracked over time.
- Where does Biglari Holdings Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Biglari Holdings Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
