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Biglari Holdings Inc.（BH）与Bloomin' Brands, Inc.（BLMN）财务数据对比。点击上方公司名可切换其他公司
Bloomin' Brands, Inc.的季度营收约是Biglari Holdings Inc.的9.8倍（$975.2M vs $99.9M）。Bloomin' Brands, Inc.净利率更高（-1.4% vs -49.9%，领先48.5%）。Biglari Holdings Inc.同比增速更快（9.6% vs 0.3%）。Bloomin' Brands, Inc.自由现金流更多（$63.7M vs $6.4M）。过去两年Biglari Holdings Inc.的营收复合增速更高（5.7% vs -4.5%）
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。
Bloomin' Brands, Inc.是一家餐饮控股集团，1988年成立，总部位于美国佛罗里达州坦帕市，旗下拥有多个美式休闲餐饮连锁品牌，是北美休闲餐饮领域颇具规模的企业之一。
BH vs BLMN — 直观对比
营收规模更大
BLMN
是对方的9.8倍
$99.9M
营收增速更快
BH
高出9.3%
0.3%
净利率更高
BLMN
高出48.5%
-49.9%
自由现金流更多
BLMN
多$57.3M
$6.4M
两年增速更快
BH
近两年复合增速
-4.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $99.9M | $975.2M |
| 净利润 | $-49.9M | $-13.5M |
| 毛利率 | 58.3% | 70.2% |
| 营业利润率 | -64.1% | -1.4% |
| 净利率 | -49.9% | -1.4% |
| 营收同比 | 9.6% | 0.3% |
| 净利润同比 | -385.3% | 83.0% |
| 每股收益（稀释后） | — | $-0.16 |
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BHBLMN
| Q4 25 | $99.9M | $975.2M | ||
| Q3 25 | $99.7M | $928.8M | ||
| Q2 25 | $100.6M | $1.0B | ||
| Q1 25 | $95.0M | $1.0B | ||
| Q4 24 | $91.1M | $972.0M | ||
| Q3 24 | $90.4M | $910.0M | ||
| Q2 24 | $91.1M | $999.4M | ||
| Q1 24 | $89.5M | $1.1B |
净利润BHBLMN
| Q4 25 | $-49.9M | $-13.5M | ||
| Q3 25 | $-5.3M | $-45.9M | ||
| Q2 25 | $50.9M | $25.4M | ||
| Q1 25 | $-33.3M | $42.2M | ||
| Q4 24 | $-10.3M | $-79.5M | ||
| Q3 24 | $32.1M | $6.9M | ||
| Q2 24 | $-48.2M | $28.4M | ||
| Q1 24 | $22.6M | $-83.9M |
毛利率BHBLMN
| Q4 25 | 58.3% | 70.2% | ||
| Q3 25 | 58.1% | 70.4% | ||
| Q2 25 | 60.2% | 70.2% | ||
| Q1 25 | 60.3% | 70.1% | ||
| Q4 24 | 60.6% | 71.6% | ||
| Q3 24 | 59.9% | 71.3% | ||
| Q2 24 | 59.5% | 70.5% | ||
| Q1 24 | 61.5% | 70.5% |
营业利润率BHBLMN
| Q4 25 | -64.1% | -1.4% | ||
| Q3 25 | -7.6% | -3.9% | ||
| Q2 25 | 64.7% | 3.0% | ||
| Q1 25 | -43.3% | 5.5% | ||
| Q4 24 | -19.7% | 1.7% | ||
| Q3 24 | 47.9% | 0.9% | ||
| Q2 24 | -69.0% | 4.4% | ||
| Q1 24 | 32.9% | 6.6% |
净利率BHBLMN
| Q4 25 | -49.9% | -1.4% | ||
| Q3 25 | -5.3% | -4.9% | ||
| Q2 25 | 50.6% | 2.5% | ||
| Q1 25 | -35.0% | 4.0% | ||
| Q4 24 | -11.3% | -8.2% | ||
| Q3 24 | 35.5% | 0.8% | ||
| Q2 24 | -52.9% | 2.8% | ||
| Q1 24 | 25.2% | -7.8% |
每股收益（稀释后）BHBLMN
| Q4 25 | — | $-0.16 | ||
| Q3 25 | — | $-0.54 | ||
| Q2 25 | — | $0.30 | ||
| Q1 25 | — | $0.50 | ||
| Q4 24 | — | $-0.93 | ||
| Q3 24 | — | $0.08 | ||
| Q2 24 | — | $0.32 | ||
| Q1 24 | — | $-0.96 |
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 | $59.5M |
| 总债务越低越好 | — | $787.4M |
| 股东权益账面价值 | $523.4M | $333.6M |
| 总资产 | $1.0B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 2.36× |
8季度趋势，按日历期对齐
现金及短期投资BHBLMN
| Q4 25 | $268.8M | $59.5M | ||
| Q3 25 | $272.5M | $66.5M | ||
| Q2 25 | $32.8M | $50.3M | ||
| Q1 25 | $28.7M | $57.7M | ||
| Q4 24 | $30.7M | $70.1M | ||
| Q3 24 | $29.9M | $83.6M | ||
| Q2 24 | $26.9M | $117.9M | ||
| Q1 24 | $34.5M | $131.7M |
总债务BHBLMN
| Q4 25 | — | $787.4M | ||
| Q3 25 | — | $962.2M | ||
| Q2 25 | — | $917.1M | ||
| Q1 25 | — | $917.6M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $951.8M |
股东权益BHBLMN
| Q4 25 | $523.4M | $333.6M | ||
| Q3 25 | $580.3M | $344.1M | ||
| Q2 25 | $589.3M | $397.2M | ||
| Q1 25 | $539.8M | $380.6M | ||
| Q4 24 | $573.0M | $135.5M | ||
| Q3 24 | $601.8M | $242.1M | ||
| Q2 24 | $569.2M | $286.8M | ||
| Q1 24 | $618.6M | $302.7M |
总资产BHBLMN
| Q4 25 | $1.0B | $3.2B | ||
| Q3 25 | $1.1B | $3.3B | ||
| Q2 25 | $863.6M | $3.3B | ||
| Q1 25 | $829.1M | $3.3B | ||
| Q4 24 | $866.1M | $3.4B | ||
| Q3 24 | $865.1M | $3.4B | ||
| Q2 24 | $809.1M | $3.4B | ||
| Q1 24 | $885.3M | $3.4B |
负债/权益比BHBLMN
| Q4 25 | — | 2.36× | ||
| Q3 25 | — | 2.80× | ||
| Q2 25 | — | 2.31× | ||
| Q1 25 | — | 2.41× | ||
| Q4 24 | — | 7.58× | ||
| Q3 24 | — | 4.51× | ||
| Q2 24 | — | 3.49× | ||
| Q1 24 | — | 3.14× |
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 | $119.1M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | $63.7M |
| 自由现金流率自由现金流/营收 | 6.4% | 6.5% |
| 资本支出强度资本支出/营收 | 11.4% | 5.7% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $76.6M | $96.8M |
8季度趋势，按日历期对齐
经营现金流BHBLMN
| Q4 25 | $17.8M | $119.1M | ||
| Q3 25 | $31.2M | $34.4M | ||
| Q2 25 | $42.1M | $49.7M | ||
| Q1 25 | $15.8M | $73.5M | ||
| Q4 24 | $18.0M | $119.8M | ||
| Q3 24 | $10.8M | $-7.8M | ||
| Q2 24 | $1.8M | $42.4M | ||
| Q1 24 | $19.1M | $73.8M |
自由现金流BHBLMN
| Q4 25 | $6.4M | $63.7M | ||
| Q3 25 | $22.3M | $-5.7M | ||
| Q2 25 | $39.4M | $11.1M | ||
| Q1 25 | $8.5M | $27.7M | ||
| Q4 24 | $10.9M | $66.7M | ||
| Q3 24 | $3.7M | $-67.3M | ||
| Q2 24 | $-10.0M | $-12.1M | ||
| Q1 24 | $14.5M | $20.0M |
自由现金流率BHBLMN
| Q4 25 | 6.4% | 6.5% | ||
| Q3 25 | 22.4% | -0.6% | ||
| Q2 25 | 39.2% | 1.1% | ||
| Q1 25 | 8.9% | 2.6% | ||
| Q4 24 | 12.0% | 6.9% | ||
| Q3 24 | 4.1% | -7.4% | ||
| Q2 24 | -11.0% | -1.2% | ||
| Q1 24 | 16.2% | 1.9% |
资本支出强度BHBLMN
| Q4 25 | 11.4% | 5.7% | ||
| Q3 25 | 9.0% | 4.3% | ||
| Q2 25 | 2.7% | 3.8% | ||
| Q1 25 | 7.7% | 4.4% | ||
| Q4 24 | 7.8% | 5.5% | ||
| Q3 24 | 7.8% | 6.5% | ||
| Q2 24 | 13.0% | 5.5% | ||
| Q1 24 | 5.1% | 5.0% |
现金转化率BHBLMN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.83× | 1.95× | ||
| Q1 25 | — | 1.74× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.33× | -1.13× | ||
| Q2 24 | — | 1.49× | ||
| Q1 24 | 0.85× | — |
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% |
BLMN
| Food And Beverage | $958.0M | 98% |
| Franchiseand Other Revenue | $17.2M | 2% |
| International Franchise Segment | $7.8M | 1% |
