Biglari Holdings vs RCI Hospitality Holdings
Biglari Holdings is the larger business, with $395m of revenue in fiscal 2025 against $279m for RCI Hospitality Holdings (1.4 times as much). Biglari Holdings grew faster (9.2% against -5.5%). RCI Hospitality Holdings kept more of each dollar of sales as profit: a net margin of 3.9% against -9.5%. Biglari Holdings carries less debt relative to equity (47.2% against 91.2%).
| Latest fiscal year | Biglari HoldingsBH.A, 2025 | RCI Hospitality HoldingsRICK, 2025 |
|---|---|---|
| Revenue | $395m | $279m |
| Revenue growth | 9.2% | -5.5% |
| Net income | −$37.5m | $10.8m |
| Operating margin | — | 10.8% |
| Net margin | -9.5% | 3.9% |
| Return on equity | -6.8% | 4.1% |
| Free cash flow | $76.6m | $34.9m |
| Cash | $269m | $33.7m |
| Total debt | $247m | $238m |
| Debt to equity | 47.2% | 91.2% |
| Dividend per share | — | $0.28 |
| Dividend yield | — | 1.1% |
| Share buybacks | — | $11.9m |
| Employees | — | — |
| Market value | $388m | $220m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 61 (Moderate) | 66 (Moderate) |
| Insider trades, 12 months | 23 buys, 17 sales | 3 buys, 0 sales |