Biglari Holdings Inc. BH Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Restaurant operations by Business | ||||||
| Insurance Segment | $76.05M+2.3% | $76.46M+5.2% | $76.37M+8.3% | $75.44M+9.2% | $74.31M+9.0% | |
| Oil And Gas Segment | $29.42M-21.3% | $30.21M-18.2% | $33.99M-12.9% | $36.19M-11.1% | $37.37M-13.7% | |
| Restaurant Segment | $282.67M+11.4% | $280.87M+11.7% | $270.69M+7.6% | $261.34M+3.7% | $253.8M+1.5% | |
| Earnings (loss) before income taxes by Business | ||||||
| Insurance Segment | $14.42M+72.1% | $12.72M+39.9% | $10.45M-0.4% | $8.32M-21.7% | $8.38M-30.5% | |
| Oil And Gas Segment | $3.76M-87.1% | $12.9M-35.2% | $12.76M-51.0% | $12.8M-59.7% | $29.1M+40.0% | |
| Restaurant Segment | $22.7M+13.2% | $23.14M+7.1% | $21.85M-9.5% | $20.72M-15.9% | $20.05M-22.4% | |
| Costs and Expenses by Business | ||||||
| Insurance Segment | $61.63M-6.5% | $63.75M+0.2% | $65.92M+9.9% | $67.11M+14.9% | $65.93M+17.5% | |
| Oil And Gas Segment | $28.71M-15.4% | $29.19M-13.8% | $31.53M-4.9% | $33.64M+3.7% | $33.95M+2.3% | |
| Restaurant Segment | $259.96M+11.2% | $257.73M+12.1% | $248.84M+9.4% | $240.62M+5.9% | $233.75M+4.2% | |
| G&A by Business | ||||||
| Oil And Gas Segment | $4.99M-19.6% | $4.97M-19.0% | $6.02M+21.8% | $6.06M+17.9% | $6.2M+21.5% | |
| Depreciation, depletion, and amortization by Business | ||||||
| Oil And Gas Segment | $11.29M-2.4% | $11.67M+5.2% | $11.91M+11.8% | $12.8M+30.1% | $11.57M+9.7% | |
| Total revenues by Product | ||||||
| Other | $2.72M-3.2% | $2.98M+0.7% | $3.04M— | $3.18M— | $2.81M— | |
| Earnings (loss) before income taxes by Product | ||||||
| Insurance Underwriting | 1,023,700,000%+465,800,000pp | 856,900,000%+334,600,000pp | 859,800,000%+175,700,000pp | 633,900,000%-59,700,000pp | 557,900,000%-239,900,000pp | |
| Investment Income | 315,300,000%-69,700,000pp | 333,900,000%-58,900,000pp | 374,200,000%+28,750,000pp | 373,400,000%+32,700,000pp | 385,000,000%+62,950,000pp | |
| Other | 188,700,000%— | 216,700,000%— | —— | —— | —— | |
| Restaurant operations by Product | ||||||
| Franchise partner fees | $80.4M+14.9% | $77M+9.0% | $74.01M+4.2% | $72M+0.7% | $70M-3.3% | |
| Franchise royalties and fees | $13.22M-3.1% | $13.59M-0.3% | $12.61M-13.1% | $13.16M-13.2% | $13.64M-12.9% | |
| Insurance premiums and other | $76.05M+2.3% | $76.46M+5.2% | $76.37M+8.3% | $75.44M+9.5% | $74.31M+8.0% | |
| Oil and gas | $29.42M-21.3% | $30.21M-18.2% | $33.99M-9.8% | $36.19M-10.2% | $37.37M-11.8% | |
| Restaurant operations | $282.67M+11.4% | $280.87M+11.7% | $270.69M+7.3% | $261.34M+3.8% | $253.8M+0.8% | |
| Other segment items by Product | ||||||
| Insurance Underwriting | $0— | $0— | $0— | $0— | $0— | |
| Investment Income | $0— | $0— | $0— | $0— | $0— | |
| Costs and Expenses by Product | ||||||
| Insurance Underwriting | $60.8M-4.0% | $62.94M+2.6% | $62.35M+6.8% | $63.55M+11.1% | $63.36M+16.0% | |
| Investment Income | $0— | $0— | $0— | $0— | $0— | |
| Insurance losses and underwriting expenses by Product | ||||||
| Insurance Underwriting | $19.71M+6.0% | $19.8M+11.7% | $16.31M-10.2% | $18.07M+3.1% | $18.59M+9.3% | |
| Investment Income | $0— | $0— | $0— | $0— | $0— | |
| Other | -$96K— | $0— | $0— | $0— | $0— | |
| Insurance losses by Product | ||||||
| Insurance Underwriting | $41.09M-8.2% | $43.14M-1.1% | $46.04M+14.4% | $45.48M+14.6% | $44.77M+19.0% | |
| 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.
