Brinker International
EAT · Restaurants
$182.70
3.9%Texas Roadhouse
TXRH · Restaurants
$165.66
4.1%The short version
- Texas Roadhouse is the larger business, with $5.9B of revenue in fiscal 2025 against $5.8B for Brinker International.
- Texas Roadhouse grew revenue faster (9.4%, against 7.9%).
- Brinker International kept more of each dollar of sales as operating profit (10.7% operating margin, against 8.1% operating margin).
- Brinker International turned more of its sales into free cash flow (9.6% FCF margin, against 5.8% FCF margin).
- Brinker International earned a higher return on the capital invested in it (66.0%, against 33.0%).
| Latest fiscal year | EAT · FY26 | TXRH · FY25 |
|---|---|---|
| Size | ||
| Market cap | $8.2B | $10.9B |
| Revenue | $5.8B | $5.9B |
| Free cash flow | $558M | $342M |
| Net income | $487M | $414M |
| Growth | ||
| Revenue growth | 7.9% | 9.4% |
| 5-year growth | 11.7% | 19.6% |
| Share count change | −2.8% | −0.8% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 10.7% | 8.1% |
| Net margin | 8.4% | 7.1% |
| FCF margin | 9.6% | 5.8% |
| Return on capital | 66.0% | 33.0% |
| Return on equity | 119.6% | 29.4% |
| Balance sheet | ||
| Net debt | $335M | −$132M |
| Net debt / EBITDA | 0.4x | −0.2x |
| Dividends and buybacks | $444M | $331M |
| Valuation & quality | ||
| P/E | — | 26.5x |
| Piotroski F-score | 8 | 4 |
FY17
EAT $3.2B
TXRH $2.2B
FY18
EAT $3.1B
TXRH $2.5B
FY19
EAT $3.2B
TXRH $2.8B
FY20
EAT $3.1B
TXRH $2.4B
FY21
EAT $3.3B
TXRH $3.5B
FY22
EAT $3.8B
TXRH $4.0B
FY23
EAT $4.1B
TXRH $4.6B
FY24
EAT $4.4B
TXRH $5.4B
FY25
EAT $5.4B
TXRH $5.9B
FY26
EAT $5.8B
TXRH —
EAT
TXRH
FY17
EAT 8.1%
TXRH 8.4%
FY18
EAT 7.2%
TXRH 7.6%
FY19
EAT 7.2%
TXRH 7.7%
FY20
EAT 2.0%
TXRH 1.0%
FY21
EAT 6.0%
TXRH 8.6%
FY22
EAT 4.2%
TXRH 8.0%
FY23
EAT 3.5%
TXRH 7.6%
FY24
EAT 5.2%
TXRH 9.6%
FY25
EAT 9.5%
TXRH 8.1%
FY26
EAT 10.7%
TXRH —
EAT
TXRH
FY17
EAT $213M
TXRH $125M
FY18
EAT $183M
TXRH $197M
FY19
EAT $45.1M
TXRH $160M
FY20
EAT $141M
TXRH $76.0M
FY21
EAT $276M
TXRH $268M
FY22
EAT $102M
TXRH $266M
FY23
EAT $71.4M
TXRH $218M
FY24
EAT $223M
TXRH $399M
FY25
EAT $414M
TXRH $342M
FY26
EAT $558M
TXRH —
EAT
TXRH
FY17
EAT 23.0%
TXRH 19.0%
FY18
EAT 21.3%
TXRH 21.7%
FY19
EAT 34.6%
TXRH 22.8%
FY20
EAT 11.2%
TXRH 2.9%
FY21
EAT 27.6%
TXRH 30.9%
FY22
EAT 23.8%
TXRH 31.7%
FY23
EAT 19.4%
TXRH 31.6%
FY24
EAT 28.1%
TXRH 40.0%
FY25
EAT 54.3%
TXRH 33.0%
FY26
EAT 66.0%
TXRH —
EAT
TXRH
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.