Texas Roadhouse
TXRH Nasdaq· Restaurants
Last close · Oct 26, 2026
$165.82
KIRA · Stoqly’s AI analyst, in plain words
- Texas Roadhouse had $5.9B of revenue in fiscal 2025, up 9.4% on the year before. Over five years, revenue changed +19.6% a year on average.
- Its operating margin was 8.1%, down 1.5 pts: of every 100 in sales, about 8 is left after running the business.
- Texas Roadhouse made $414M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 15.8% a year.
- Free cash flow was $342M in fiscal 2025, 5.8% of revenue.
- Texas Roadhouse returned $331M to shareholders in fiscal 2025, 97% of free cash flow. The diluted share count fell 0.8%.
- Texas Roadhouse has $132M more cash than debt.
Market cap
$10.9B
P/E
26.5x
Revenue
$5.9B
Net income
$414M
Free cash flow
$342M
Operating margin
8.1%
Texas Roadhouse in 30 seconds · fiscal 2025
Are sales growing?
+9.4%
Yes. Sales grew 9.4% last year.
Does it make a profit?
7.1%
A little. It keeps 7.1% of every sale as profit.
Does profit turn into cash?
5.8%
Partly. 5.8% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
26.5x
One share costs 26.5 times its yearly profit per share. Typical for its sector: 17.7x.
What Texas Roadhouse does
Texas Roadhouse runs restaurants. As of December 30, 2025, it owned and operated 714 and franchised another 102, in 49 states, one U.S. territory and ten other countries. It has three restaurant concepts. Texas Roadhouse is a moderately priced, full-service restaurant known for steaks cut by hand daily and cooked to order, plus ribs, seafood, chicken and other dishes. Bubba's 33 serves burgers, pizza and wings with beer and cocktails. Jaggers is a fast-casual burger and chicken concept with drive-thru service. The company earns money mainly from sales at the restaurants it owns, and also from franchising. Most of the restaurants it owns are Texas Roadhouse (648), with 56 Bubba's 33 and ten Jaggers. It manages its business by concept and reports Texas Roadhouse and Bubba's 33 as its two reportable segments. It also has a separate operating segment for retail initiatives. About 21% of its company restaurants are in Texas and Florida, which ties its results to conditions in those states.
Biggest risks, in its own words
- Its growth depends on opening new restaurants that are profitable, which is partly outside its control.
- Higher food and supply costs, or products becoming hard to get.
- Damage to its brands that could cut guest traffic and sales.
- Concentration of its restaurants in Texas and Florida, so local conditions there matter more.
- Fiscal year ends
- December 30, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Legal name
- Texas Roadhouse, Inc.
- CIK
- 0001289460
Texas Roadhouse · TXRH
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $3.5B | $4.0B | $4.6B | $5.4B | $5.9B |
| Revenue growth | 44.4% | 15.9% | 15.4% | 16.0% | 9.4% |
| Operating margin | 8.6% | 8.0% | 7.6% | 9.6% | 8.1% |
| Net income | $245M | $270M | $314M | $444M | $414M |
| Net margin | 7.1% | 6.7% | 6.8% | 8.3% | 7.1% |
| Diluted EPS | $3.50 | $3.97 | $4.54 | $6.47 | $6.10 |
| Cash | |||||
| Cash from operations | $469M | $512M | $565M | $754M | $730M |
| Capital expenditure | $201M | $246M | $347M | $354M | $388M |
| Free cash flow | $268M | $266M | $218M | $399M | $342M |
| FCF margin | 7.7% | 6.6% | 4.7% | 7.4% | 5.8% |
| Dividends paid | $83.7M | $124M | $147M | $163M | $180M |
| Share buybacks | $51.6M | $213M | $50.0M | $80.0M | $150M |
| Share count change | 0.3% | −3.1% | −1.1% | −0.2% | −0.8% |
| Debt and strength | |||||
| Cash and short-term investments | $336M | $174M | $104M | $245M | $135M |
| Debt incl. finance leases | $103M | $52.7M | $2.8M | $2.8M | $2.7M |
| Shareholders' equity | $1.1B | $1.0B | $1.1B | $1.4B | $1.5B |
| Net debt / EBITDA | −0.6x | −0.3x | −0.2x | −0.4x | −0.2x |
| Current ratio | 0.9x | 0.6x | 0.5x | 0.6x | 0.5x |
| Interest coverage | 93.3x | 207.0x | 316.3x | 579.7x | 483.9x |
| Returns and quality | |||||
| Return on capital | 30.9% | 31.7% | 31.6% | 40.0% | 33.0% |
| Return on equity | 24.7% | 26.1% | 29.1% | 35.6% | 29.4% |
| Piotroski F-score | 6 | 7 | 7 | 7 | 4 |
| Altman Z'' | 2.7 | 2.2 | 2.0 | 2.6 | 2.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$9.9M
12 insiders
Of sales under plans
51%
$5.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Texas Roadhouse · TXRH
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Texas Roadhouse TXRH | $10.9B | 9.4% | 8.1% | 5.8% | 33.0% | 26.5x | 4 |
| Brinker International EAT | $8.4B | 7.9% | 10.7% | 9.6% | 66.0% | — | 8 |
| Domino's DPZ | $10.4B | 5.0% | 19.3% | 13.6% | 92.2% | 17.3x | 8 |
| Yum! Brands YUM | $41.4B | 8.8% | 31.3% | 20.0% | 54.8% | 18.8x | 6 |
| Cheesecake Factory CAKE | $5.3B | 4.8% | 5.0% | 4.1% | 20.5% | 29.8x | 5 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $165.82 a share, the company is worth $10.9B: 26.5 times its earnings of the last four quarters.
Texas Roadhouse grew sales faster than 4 of its 4 similar companies. Its P/E is higher than 2 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001289460). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.