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Biglari Holdings Inc.（BH）与REPUBLIC BANCORP INC（RBCAA）财务数据对比。点击上方公司名可切换其他公司
Biglari Holdings Inc.的季度营收约是REPUBLIC BANCORP INC的1.1倍（$99.9M vs $94.3M），REPUBLIC BANCORP INC净利率更高（24.2% vs -49.9%，领先74.1%），Biglari Holdings Inc.同比增速更快（9.6% vs 5.3%），REPUBLIC BANCORP INC自由现金流更多（$161.1M vs $6.4M），过去两年Biglari Holdings Inc.的营收复合增速更高（5.7% vs -11.5%）
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。
肯塔基州共和银行是美国的一家区域性银行控股企业，提供零售及商业银行全品类服务，涵盖个人存贷款、企业融资、按揭产品及财富管理解决方案，主要服务肯塔基州及周边州的个人消费者和中小企业客户。
BH vs RBCAA — 直观对比
营收规模更大
BH
是对方的1.1倍
$94.3M
营收增速更快
BH
高出4.3%
5.3%
净利率更高
RBCAA
高出74.1%
-49.9%
自由现金流更多
RBCAA
多$154.7M
$6.4M
两年增速更快
BH
近两年复合增速
-11.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $99.9M | $94.3M |
| 净利润 | $-49.9M | $22.8M |
| 毛利率 | 58.3% | — |
| 营业利润率 | -64.1% | 29.3% |
| 净利率 | -49.9% | 24.2% |
| 营收同比 | 9.6% | 5.3% |
| 净利润同比 | -385.3% | 20.0% |
| 每股收益（稀释后） | — | — |
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BHRBCAA
| Q4 25 | $99.9M | $94.3M | ||
| Q3 25 | $99.7M | $93.5M | ||
| Q2 25 | $100.6M | $93.8M | ||
| Q1 25 | $95.0M | $135.8M | ||
| Q4 24 | $91.1M | $89.5M | ||
| Q3 24 | $90.4M | $88.1M | ||
| Q2 24 | $91.1M | $86.9M | ||
| Q1 24 | $89.5M | $120.3M |
净利润BHRBCAA
| Q4 25 | $-49.9M | $22.8M | ||
| Q3 25 | $-5.3M | $29.7M | ||
| Q2 25 | $50.9M | $31.5M | ||
| Q1 25 | $-33.3M | $47.3M | ||
| Q4 24 | $-10.3M | $19.0M | ||
| Q3 24 | $32.1M | $26.5M | ||
| Q2 24 | $-48.2M | $25.2M | ||
| Q1 24 | $22.6M | $30.6M |
毛利率BHRBCAA
| Q4 25 | 58.3% | — | ||
| Q3 25 | 58.1% | — | ||
| Q2 25 | 60.2% | — | ||
| Q1 25 | 60.3% | — | ||
| Q4 24 | 60.6% | — | ||
| Q3 24 | 59.9% | — | ||
| Q2 24 | 59.5% | — | ||
| Q1 24 | 61.5% | — |
营业利润率BHRBCAA
| Q4 25 | -64.1% | 29.3% | ||
| Q3 25 | -7.6% | 40.4% | ||
| Q2 25 | 64.7% | 43.0% | ||
| Q1 25 | -43.3% | 44.1% | ||
| Q4 24 | -19.7% | 25.8% | ||
| Q3 24 | 47.9% | 38.4% | ||
| Q2 24 | -69.0% | 37.0% | ||
| Q1 24 | 32.9% | 32.2% |
净利率BHRBCAA
| Q4 25 | -49.9% | 24.2% | ||
| Q3 25 | -5.3% | 31.8% | ||
| Q2 25 | 50.6% | 33.5% | ||
| Q1 25 | -35.0% | 34.8% | ||
| Q4 24 | -11.3% | 21.2% | ||
| Q3 24 | 35.5% | 30.1% | ||
| Q2 24 | -52.9% | 29.0% | ||
| Q1 24 | 25.2% | 25.4% |
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 | $220.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $523.4M | $1.1B |
| 总资产 | $1.0B | $7.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BHRBCAA
| Q4 25 | $268.8M | $220.0M | ||
| Q3 25 | $272.5M | $484.2M | ||
| Q2 25 | $32.8M | $484.8M | ||
| Q1 25 | $28.7M | $793.0M | ||
| Q4 24 | $30.7M | $432.2M | ||
| Q3 24 | $29.9M | $530.9M | ||
| Q2 24 | $26.9M | $400.1M | ||
| Q1 24 | $34.5M | $546.4M |
股东权益BHRBCAA
| Q4 25 | $523.4M | $1.1B | ||
| Q3 25 | $580.3M | $1.1B | ||
| Q2 25 | $589.3M | $1.1B | ||
| Q1 25 | $539.8M | $1.0B | ||
| Q4 24 | $573.0M | $992.0M | ||
| Q3 24 | $601.8M | $979.7M | ||
| Q2 24 | $569.2M | $955.4M | ||
| Q1 24 | $618.6M | $935.6M |
总资产BHRBCAA
| Q4 25 | $1.0B | $7.0B | ||
| Q3 25 | $1.1B | $7.0B | ||
| Q2 25 | $863.6M | $7.0B | ||
| Q1 25 | $829.1M | $7.1B | ||
| Q4 24 | $866.1M | $6.8B | ||
| Q3 24 | $865.1M | $6.7B | ||
| Q2 24 | $809.1M | $6.6B | ||
| Q1 24 | $885.3M | $6.9B |
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 | $168.2M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | $161.1M |
| 自由现金流率自由现金流/营收 | 6.4% | 170.9% |
| 资本支出强度资本支出/营收 | 11.4% | 7.5% |
| 现金转化率经营现金流/净利润 | — | 7.37× |
| 过去12个月自由现金流最近4个季度 | $76.6M | $288.6M |
8季度趋势，按日历期对齐
经营现金流BHRBCAA
| Q4 25 | $17.8M | $168.2M | ||
| Q3 25 | $31.2M | $33.3M | ||
| Q2 25 | $42.1M | $8.4M | ||
| Q1 25 | $15.8M | $93.2M | ||
| Q4 24 | $18.0M | $149.0M | ||
| Q3 24 | $10.8M | $51.3M | ||
| Q2 24 | $1.8M | $4.0M | ||
| Q1 24 | $19.1M | $71.2M |
自由现金流BHRBCAA
| Q4 25 | $6.4M | $161.1M | ||
| Q3 25 | $22.3M | $30.8M | ||
| Q2 25 | $39.4M | $5.2M | ||
| Q1 25 | $8.5M | $91.6M | ||
| Q4 24 | $10.9M | $143.2M | ||
| Q3 24 | $3.7M | $49.8M | ||
| Q2 24 | $-10.0M | $2.7M | ||
| Q1 24 | $14.5M | $69.1M |
自由现金流率BHRBCAA
| Q4 25 | 6.4% | 170.9% | ||
| Q3 25 | 22.4% | 32.9% | ||
| Q2 25 | 39.2% | 5.5% | ||
| Q1 25 | 8.9% | 67.4% | ||
| Q4 24 | 12.0% | 160.0% | ||
| Q3 24 | 4.1% | 56.5% | ||
| Q2 24 | -11.0% | 3.1% | ||
| Q1 24 | 16.2% | 57.5% |
资本支出强度BHRBCAA
| Q4 25 | 11.4% | 7.5% | ||
| Q3 25 | 9.0% | 2.6% | ||
| Q2 25 | 2.7% | 3.5% | ||
| Q1 25 | 7.7% | 1.2% | ||
| Q4 24 | 7.8% | 6.5% | ||
| Q3 24 | 7.8% | 1.7% | ||
| Q2 24 | 13.0% | 1.5% | ||
| Q1 24 | 5.1% | 1.7% |
现金转化率BHRBCAA
| Q4 25 | — | 7.37× | ||
| Q3 25 | — | 1.12× | ||
| Q2 25 | 0.83× | 0.27× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | 0.33× | 1.93× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | 0.85× | 2.33× |
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% |
RBCAA
暂无分部数据
