vs
Biglari Holdings Inc.（BH）与BJs RESTAURANTS INC（BJRI）财务数据对比。点击上方公司名可切换其他公司
BJs RESTAURANTS INC的季度营收约是Biglari Holdings Inc.的3.3倍（$330.2M vs $99.9M）。BJs RESTAURANTS INC净利率更高（0.1% vs -49.9%，领先50.1%）。Biglari Holdings Inc.同比增速更快（9.6% vs 1.4%）。Biglari Holdings Inc.自由现金流更多（$6.4M vs $3.6M）。过去两年Biglari Holdings Inc.的营收复合增速更高（5.7% vs 1.0%）
Biglari控股是一家总部位于美国得克萨斯州圣安东尼奥的控股公司，由企业家萨达尔·比格拉里创立。旗下业务涵盖餐饮、出版、保险、石油能源多个领域，旗下子品牌包括Steak 'n Shake、《马克西姆》杂志、第一卫士保险、南先锋保险、南方石油、阿布拉克萨斯石油等。
BJ's Restaurants Inc.是美国休闲连锁餐饮企业，旗下门店遍布美国多个地区，主打招牌深盘披萨、精酿啤酒、手工鸡尾酒及各类美式家常餐食，服务家庭聚餐、朋友聚会等多元客群，主打轻松舒适的用餐氛围。
BH vs BJRI — 直观对比
营收规模更大
BJRI
是对方的3.3倍
$99.9M
营收增速更快
BH
高出8.2%
1.4%
净利率更高
BJRI
高出50.1%
-49.9%
自由现金流更多
BH
多$2.8M
$3.6M
两年增速更快
BH
近两年复合增速
1.0%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $99.9M | $330.2M |
| 净利润 | $-49.9M | $465.0K |
| 毛利率 | 58.3% | 74.3% |
| 营业利润率 | -64.1% | -0.3% |
| 净利率 | -49.9% | 0.1% |
| 营收同比 | 9.6% | 1.4% |
| 净利润同比 | -385.3% | 115.9% |
| 每股收益（稀释后） | — | $0.02 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BHBJRI
| Q4 25 | $99.9M | — | ||
| Q3 25 | $99.7M | $365.6M | ||
| Q2 25 | $100.6M | $348.0M | ||
| Q1 25 | $95.0M | — | ||
| Q4 24 | $91.1M | $325.7M | ||
| Q3 24 | $90.4M | $349.9M | ||
| Q2 24 | $91.1M | $337.3M | ||
| Q1 24 | $89.5M | $323.6M |
净利润BHBJRI
| Q4 25 | $-49.9M | — | ||
| Q3 25 | $-5.3M | $22.2M | ||
| Q2 25 | $50.9M | $13.5M | ||
| Q1 25 | $-33.3M | — | ||
| Q4 24 | $-10.3M | $-2.9M | ||
| Q3 24 | $32.1M | $17.2M | ||
| Q2 24 | $-48.2M | $7.7M | ||
| Q1 24 | $22.6M | $8.1M |
毛利率BHBJRI
| Q4 25 | 58.3% | — | ||
| Q3 25 | 58.1% | 75.2% | ||
| Q2 25 | 60.2% | 75.0% | ||
| Q1 25 | 60.3% | — | ||
| Q4 24 | 60.6% | 73.4% | ||
| Q3 24 | 59.9% | 74.3% | ||
| Q2 24 | 59.5% | 74.8% | ||
| Q1 24 | 61.5% | 74.5% |
营业利润率BHBJRI
| Q4 25 | -64.1% | — | ||
| Q3 25 | -7.6% | 5.8% | ||
| Q2 25 | 64.7% | 4.3% | ||
| Q1 25 | -43.3% | — | ||
| Q4 24 | -19.7% | -0.8% | ||
| Q3 24 | 47.9% | 3.8% | ||
| Q2 24 | -69.0% | 2.4% | ||
| Q1 24 | 32.9% | 1.0% |
净利率BHBJRI
| Q4 25 | -49.9% | — | ||
| Q3 25 | -5.3% | 6.1% | ||
| Q2 25 | 50.6% | 3.9% | ||
| Q1 25 | -35.0% | — | ||
| Q4 24 | -11.3% | -0.9% | ||
| Q3 24 | 35.5% | 4.9% | ||
| Q2 24 | -52.9% | 2.3% | ||
| Q1 24 | 25.2% | 2.5% |
每股收益（稀释后）BHBJRI
| Q4 25 | — | — | ||
| Q3 25 | — | $0.97 | ||
| Q2 25 | — | $0.58 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | — | $0.72 | ||
| Q2 24 | — | $0.32 | ||
| Q1 24 | — | $0.33 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $268.8M | $25.4M |
| 总债务越低越好 | — | $89.5M |
| 股东权益账面价值 | $523.4M | $356.2M |
| 总资产 | $1.0B | $1.0B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资BHBJRI
| Q4 25 | $268.8M | — | ||
| Q3 25 | $272.5M | $26.0M | ||
| Q2 25 | $32.8M | $19.0M | ||
| Q1 25 | $28.7M | — | ||
| Q4 24 | $30.7M | $18.4M | ||
| Q3 24 | $29.9M | $16.2M | ||
| Q2 24 | $26.9M | $18.8M | ||
| Q1 24 | $34.5M | $29.1M |
总债务BHBJRI
| Q4 25 | — | — | ||
| Q3 25 | — | $60.5M | ||
| Q2 25 | — | $85.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $66.5M | ||
| Q3 24 | — | $63.5M | ||
| Q2 24 | — | $58.0M | ||
| Q1 24 | — | $68.0M |
股东权益BHBJRI
| Q4 25 | $523.4M | — | ||
| Q3 25 | $580.3M | $386.6M | ||
| Q2 25 | $589.3M | $371.5M | ||
| Q1 25 | $539.8M | — | ||
| Q4 24 | $573.0M | $376.2M | ||
| Q3 24 | $601.8M | $386.5M | ||
| Q2 24 | $569.2M | $375.4M | ||
| Q1 24 | $618.6M | $365.8M |
总资产BHBJRI
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $863.6M | $1.0B | ||
| Q1 25 | $829.1M | — | ||
| Q4 24 | $866.1M | $1.0B | ||
| Q3 24 | $865.1M | $1.0B | ||
| Q2 24 | $809.1M | $1.0B | ||
| Q1 24 | $885.3M | $1.1B |
负债/权益比BHBJRI
| Q4 25 | — | — | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.19× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $17.8M | $25.1M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | $3.6M |
| 自由现金流率自由现金流/营收 | 6.4% | 1.1% |
| 资本支出强度资本支出/营收 | 11.4% | 6.5% |
| 现金转化率经营现金流/净利润 | — | 53.89× |
| 过去12个月自由现金流最近4个季度 | $76.6M | $49.2M |
8季度趋势，按日历期对齐
经营现金流BHBJRI
| Q4 25 | $17.8M | — | ||
| Q3 25 | $31.2M | $62.3M | ||
| Q2 25 | $42.1M | $4.6M | ||
| Q1 25 | $15.8M | — | ||
| Q4 24 | $18.0M | $27.3M | ||
| Q3 24 | $10.8M | $20.2M | ||
| Q2 24 | $1.8M | $22.3M | ||
| Q1 24 | $19.1M | $32.2M |
自由现金流BHBJRI
| Q4 25 | $6.4M | — | ||
| Q3 25 | $22.3M | $41.9M | ||
| Q2 25 | $39.4M | $-12.1M | ||
| Q1 25 | $8.5M | — | ||
| Q4 24 | $10.9M | $7.6M | ||
| Q3 24 | $3.7M | $735.0K | ||
| Q2 24 | $-10.0M | $448.0K | ||
| Q1 24 | $14.5M | $15.3M |
自由现金流率BHBJRI
| Q4 25 | 6.4% | — | ||
| Q3 25 | 22.4% | 11.5% | ||
| Q2 25 | 39.2% | -3.5% | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 12.0% | 2.3% | ||
| Q3 24 | 4.1% | 0.2% | ||
| Q2 24 | -11.0% | 0.1% | ||
| Q1 24 | 16.2% | 4.7% |
资本支出强度BHBJRI
| Q4 25 | 11.4% | — | ||
| Q3 25 | 9.0% | 5.6% | ||
| Q2 25 | 2.7% | 4.8% | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 7.8% | 6.0% | ||
| Q3 24 | 7.8% | 5.6% | ||
| Q2 24 | 13.0% | 6.5% | ||
| Q1 24 | 5.1% | 5.2% |
现金转化率BHBJRI
| Q4 25 | — | — | ||
| Q3 25 | — | 2.80× | ||
| Q2 25 | 0.83× | 0.34× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.33× | 1.18× | ||
| Q2 24 | — | 2.89× | ||
| Q1 24 | 0.85× | 4.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BH
| Products | $45.9M | 46% |
| Franchisor | $20.5M | 21% |
| Insurance Operations | $19.1M | 19% |
| Oil And Gas Segment | $5.4M | 5% |
| Royalty | $4.1M | 4% |
| Abraxas Petroleum | $2.7M | 3% |
| Other | $2.2M | 2% |
BJRI
暂无分部数据
