Biglari Holdings: brands it owns and its ownership tree
Biglari Holdings (NYSE: BH, NYSE: BH.A) is a publicly listed company headquartered in San Antonio, Texas, United States that owns 2 consumer brands.[1]
Biglari Holdings is a holding company led by its founder, Chairman and chief executive Sardar Biglari, with subsidiaries in insurance and reinsurance, licensing and media, restaurants and oil and gas. Its largest operating subsidiaries run and franchise restaurants through Steak n Shake and Western Sizzlin, 435 units combined at the end of 2025, while its oil and gas operations sit in Southern Oil Company and Abraxas Petroleum Corporation.
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Company facts
- Legal name
- Biglari Holdings Inc.
- Type
- publicly listed company · see all publicly listed company owners
- Headquarters
- 🇺🇸 San Antonio, Texas, United States
- Tickers
- NYSE: BH NYSE: BH.A
- SEC CIK
- 0001726173
- Website
- www.biglariholdings.com
- Last verified
- · 1 sources
Biglari Holdings in numbers
- Biglari Holdings owns 2 consumer brands tracked here across 1 top-level categories; the largest is restaurants & foodservice with 2 brands.[1]
Biglari Holdings financial history
Headline figures from Biglari Holdings's annual reports filed with the US Securities and Exchange Commission, in USD as reported, fiscal years ending 2020–2025. Revenue moved from $433.7m to $395.3m, an average of -1.8% a year (calculated).
| Fiscal year ended | Revenue | Operating income | Operating margin | Net income | Total assets | Long-term debt | Filing |
|---|---|---|---|---|---|---|---|
| $395.3m | — | — | $-37,488,000 | $1.03bn | $213.9m | 10-K | |
| $362.1m | — | — | $-3,759,000 | $866.1m | $10m | 10-K | |
| $365.3m | — | — | $54.9m | $849.4m | — | 10-K | |
| $368.2m | — | — | $-32,018,000 | $828.5m | — | 10-K | |
| $366.1m | — | — | $35.5m | $894.8m | $104.5m | 10-K | |
| $433.7m | — | — | $-37,989,000 | $1.02bn | $111.6m | 10-K |
Source: SEC XBRL company facts. A dash means the company did not report that line in a form we could read. Figures for a year can be restated in a later filing; the latest filing's number is shown.
Everything Biglari Holdings owns
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
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Brand portfolio by category
Recent changes to this record
Biglari Holdings SEC filings
The documents behind the figures on this page, as listed in the SEC's EDGAR index. Each links to the filing itself.
Annual reports
- Annual report (amended), filed (10-K/A)
- Annual report, filed (10-K)
- Annual report (amended), filed (10-K/A)
- Annual report, filed (10-K)
- Annual report (amended), filed (10-K/A)
- Annual report, filed (10-K)
- Annual report (amended), filed (10-K/A)
- Annual report, filed (10-K)
- Annual report (amended), filed (10-K/A)
- Annual report, filed (10-K)
- Annual report (amended), filed (10-K/A)
- Annual report, filed (10-K)
Proxy statements
- Proxy statement, filed (DEF 14A)
- Proxy statement, filed (DEF 14A)
- Proxy statement, filed (DEF 14A)
Recent current and quarterly reports
| Filed | Form | What it declares |
|---|---|---|
| 8-K | Results of operations and financial condition | |
| 10-Q | Quarterly report | |
| 8-K | Results of operations and financial condition | |
| 10-Q | Quarterly report | |
| 8-K | Results of a shareholder vote | |
| 8-K | Results of operations and financial condition; Regulation FD disclosure | |
| 8-K | Regulation FD disclosure | |
| 8-K | Results of operations and financial condition | |
| 10-Q | Quarterly report | |
| 8-K | Entry into a material agreement; Creation of a direct financial obligation | |
| 8-K | Regulation FD disclosure |
Frequently asked questions
What brands does Biglari Holdings own?
Biglari Holdings owns 2 consumer brands tracked here, including Steak n Shake and Western Sizzlin.
Is Biglari Holdings an American company?
Yes. Biglari Holdings is headquartered in San Antonio, Texas, United States.
Who owns Biglari Holdings?
Biglari Holdings is a publicly listed company owned by its shareholders; it trades as BH on the NYSE and BH.A on the NYSE.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Biglari Holdings Inc. Annual Report on Form 10-K filed 2026-03-02 — SEC EDGAR, SEC Form 10-K, published 2 March 2026; retrieved 7 October 2026.
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