Revenue
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $490.0M | $473.0M | $468.7M | $470.0M | $454.4M | $426.1M | $442.3M | $435.8M | $401.7M | $380.1M | $355.1M | $344.9M | $314.7M | $293.6M |
| Operating expenses | $448.0M | $431.8M | $428.9M | $439.8M | $413.0M | $392.5M | $404.0M | $445.3M | $394.9M | $345.5M | $306.2M | $298.2M | $272.7M | $260.6M |
| Operating income | $42.0M | $41.2M | $39.8M | $30.1M | $41.3M | $33.6M | $38.3M | −$9.5M | $6.8M | $34.6M | $48.8M | $49.3M | $42.4M | — |
| Operating margin | 8.58% | 8.70% | 8.49% | 6.41% | 9.10% | 7.88% | 8.66% | −2.17% | 1.70% | 9.11% | 13.75% | 14.29% | 13.47% | — |
| EBITDA | $58.0M | $56.9M | $55.0M | $44.5M | $56.5M | $50.4M | $56.2M | $8.4M | $25.0M | $50.7M | $61.9M | $60.8M | $52.6M | — |
| EBITDA margin | 11.84% | 12.03% | 11.74% | 9.48% | 12.44% | 11.84% | 12.70% | 1.92% | 6.21% | 13.33% | 17.44% | 17.64% | 16.71% | — |
| Net income | $26.5M | $25.7M | $25.6M | $20.8M | $29.1M | $24.5M | $24.9M | −$9.0M | $8.6M | $18.3M | $24.1M | $42.5M | −$16.9M | −$7.9M |
| Net profit margin | 5.40% | 5.43% | 5.45% | 4.43% | 6.41% | 5.74% | 5.63% | −2.06% | 2.15% | 4.82% | 6.77% | 12.31% | −5.36% | −2.68% |
| Basic EPSper basic share | $0.91 | $0.86 | $0.75 | $0.57 | $0.81 | $0.70 | $0.68 | -$0.23 | $0.22 | $0.48 | $0.63 | $1.32 | -$0.59 | -$0.27 |
| Diluted EPSper diluted share | $0.90 | $0.86 | $0.74 | $0.57 | $0.80 | $0.68 | $0.67 | -$0.23 | $0.22 | $0.47 | $0.62 | $1.24 | -$0.59 | -$0.27 |
Reported shareholders
Reported holdings Number of shares
| Holder | Shares held |
|---|---|
BIGLARI CAPITAL CORP. | 3.78M |
BlackRock, Inc. | 2.46M |
DIMENSIONAL FUND ADVISORS LP | 2.05M |
First Eagle Investment Management, LLC | 1.99M |
LSV ASSET MANAGEMENT | 1.47M |
GOLDMAN SACHS GROUP INC | 1.26M |
VANGUARD CAPITAL MANAGEMENT LLC | 1.11M |
Tieton Capital Management, LLC | 1.03M |
TWO SIGMA INVESTMENTS, LP | 906.69K |
GEODE CAPITAL MANAGEMENT, LLC | 887.62K |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 729.89K |
Hillsdale Investment Management Inc. | 656.1K |
STATE STREET CORP | 628.22K |
Assenagon Asset Management S.A. | 603.01K |
BIGLARI, SARDAR | 489.25K |
MONIMUS CAPITAL MANAGEMENT, LP | 455.98K |
PRUDENTIAL FINANCIAL INC | 449.93K |
BRIDGEWAY CAPITAL MANAGEMENT, LLC | 428.72K |
Archon Capital Management LLC | 420.69K |
RENAISSANCE TECHNOLOGIES LLC | 418.4K |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 30, 2026Form 4 | LION FUND II, L.P. +5TenPercentOwner | SellCommon Stock, par value $0.01 per share · indirect | 22.6K | $16.91 | $382.2K | 3.78M |
| Jun 29, 2026Form 4 | LION FUND II, L.P. +5TenPercentOwner | SellCommon Stock, par value $0.01 per share · indirect | 100.0K | $16.58 | $1.66M | 3.80M |
| Jun 26, 2026Form 4 | LION FUND II, L.P. +5TenPercentOwner | SellCommon Stock, par value $0.01 per share · indirect | 100.0K | $16.75 | $1.68M | 3.90M |
| Jun 6, 2025Form 4 · 10b5-1 | Buller MarkDirector | SellCommon Stock | 11.4K | $11.00 | $125.0K | 38.8K |
| Aug 22, 2024Form 4 | Biglari Holdings Inc. +5Other | BuyCommon Stock, par value $0.01 per share · indirect | 4.5K | $13.48 | $60.9K | 369.2K |