Biglari Holdings vs Kura Sushi USA
Biglari Holdings is the larger business, with $395m of revenue in fiscal 2025 against $283m for Kura Sushi USA (1.4 times as much). Kura Sushi USA grew faster (18.9% against 9.2%). Kura Sushi USA kept more of each dollar of sales as profit: a net margin of -0.7% against -9.5%. Kura Sushi USA carries less debt relative to equity (0.0% against 47.2%).
| Latest fiscal year | Biglari HoldingsBH.A, 2025 | Kura Sushi USAKRUS, 2025 |
|---|---|---|
| Revenue | $395m | $283m |
| Revenue growth | 9.2% | 18.9% |
| Net income | −$37.5m | −$1.9m |
| Operating margin | — | -1.7% |
| Net margin | -9.5% | -0.7% |
| Return on equity | -6.8% | -1.0% |
| Free cash flow | $76.6m | −$21.4m |
| Cash | $269m | $47.5m |
| Total debt | $247m | $0 |
| Debt to equity | 47.2% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 3,900 |
| Market value | $388m | $446m |
| Price vs our value range | Below our value range | — |
| Moat score | 61 (Moderate) | 17 (Weak) |
| Insider trades, 12 months | 23 buys, 17 sales | 0 buys, 3 sales |