NASDAQ : TXRH
Texas Roadhouse, Inc. — Financial statements
Consumer Discretionary · Restaurants · United States
Last price 182.52 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 11.98B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Texas Roadhouse, Inc. (TXRH) reported revenue of 6.23B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.23B | 5.88B | 5.37B | 4.63B | 4.01B | 3.46B |
| Cost of Revenue | 5.22B | 4.91B | 4.39B | 3.87B | 3.31B | 2.84B |
| Gross Profit | 1.01B | 971.66M | 979.06M | 763.38M | 704.64M | 627.60M |
| Selling, General & Admin | 276.94M | 262.43M | 255.06M | 226.68M | 223.72M | 178.58M |
| Operating Expenses | 529.58M | 496.57M | 461.31M | 409.12M | 382.84M | 329.68M |
| Operating Income | 483.16M | 475.09M | 517.75M | 354.26M | 321.80M | 297.93M |
| Interest Expense | -124.00K | -3.66M | ||||
| Interest & Investment Income | 2.36M | 3.14M | 6.77M | 2.98M | ||
| Earnings From Equity Investments | 1.55M | 2.88M | 1.20M | 1.35M | 1.24M | -637.00K |
| EBT Excluding Unusual Items | 487.07M | 481.11M | 525.72M | 358.60M | 322.91M | 293.63M |
| Merger & Restructuring Charges | -349.00K | -349.00K | -426.00K | -275.00K | -600.00K | |
| Gain (Loss) on Sale of Assets | 700.00K | |||||
| Asset Writedown | -14.00K | -800.00K | -1.70M | -734.00K | ||
| Pretax Income | 486.71M | 480.76M | 524.49M | 358.32M | 321.31M | 292.89M |
| Income Tax Expense | 64.61M | 66.42M | 80.14M | 44.65M | 43.72M | 39.58M |
| Earnings From Continuing Operations | 422.09M | 414.33M | 444.35M | 313.68M | 277.60M | 253.31M |
| Minority Interest in Earnings | -8.92M | -8.78M | -10.75M | -8.80M | -7.78M | -8.02M |
| Net Income | 413.17M | 405.55M | 433.59M | 304.88M | 269.82M | 245.29M |
| Net Income to Common | 413.17M | 405.55M | 433.59M | 304.88M | 269.82M | 245.29M |
| Shares Outstanding (Basic) | 66.01M | 66.32M | 66.75M | 66.89M | 67.64M | 69.71M |
| Shares Outstanding (Diluted) | 66.19M | 66.51M | 67.01M | 67.15M | 67.92M | 70.10M |
| EPS (Basic) | 6.26 | 6.11 | 6.50 | 4.56 | 3.99 | 3.52 |
| EPS (Diluted) | 6.24 | 6.10 | 6.47 | 4.54 | 3.97 | 3.50 |
| Free Cash Flow | 406.38M | 342.07M | 399.29M | 217.95M | 265.60M | 268.13M |
| Free Cash Flow Per Share | 6.14 | 5.14 | 5.96 | 3.25 | 3.91 | 3.83 |
| Dividend Per Share | 2.86 | 2.72 | 2.44 | 2.20 | 1.84 | 1.20 |
| Gross Margin | 16.25% | 16.53% | 18.22% | 16.48% | 17.55% | 18.12% |
| Operating Margin | 7.75% | 8.08% | 9.63% | 7.65% | 8.02% | 8.60% |
| Profit Margin | 6.63% | 6.90% | 8.07% | 6.58% | 6.72% | 7.08% |
| Free Cash Flow Margin | 6.52% | 5.82% | 7.43% | 4.71% | 6.62% | 7.74% |
| EBITDA | 705.44M | 681.73M | 695.90M | 507.47M | 459.03M | 424.69M |
| EBITDA Margin | 11.32% | 11.60% | 12.95% | 10.96% | 11.43% | 12.26% |
| D&A For EBITDA | 222.28M | 206.64M | 178.16M | 153.20M | 137.24M | 126.76M |
| EBIT | 483.16M | 475.09M | 517.75M | 354.26M | 321.80M | 297.93M |
| EBIT Margin | 7.75% | 8.08% | 9.63% | 7.65% | 8.02% | 8.60% |
| Effective Tax Rate | 13.28% | 13.82% | 15.28% | 12.46% | 13.61% | 13.51% |
| Revenue as Reported | 6.23B | 5.88B | 5.37B | 4.63B | 4.01B | 3.46B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 202.43M | 134.71M | 245.22M | 104.25M | 173.86M | 335.64M |
| Cash & Short-Term Investments | 202.43M | 134.71M | 245.22M | 104.25M | 173.86M | 335.64M |
| Receivables | 74.14M | 214.51M | 193.17M | 175.47M | 150.26M | 161.36M |
| Inventory | 49.69M | 45.56M | 40.76M | 38.32M | 38.02M | 31.59M |
| Prepaid Expenses | 34.55M | 42.92M | 37.42M | 35.17M | 29.60M | 23.05M |
| Other Current Assets | 1.10M | 13.77M | 3.26M | 5.10M | 11.88M | |
| Total Current Assets | 361.90M | 451.48M | 516.57M | 356.47M | 396.84M | 563.52M |
| Property, Plant & Equipment | 2.83B | 2.69B | 2.39B | 2.17B | 1.90B | 1.74B |
| Goodwill | 275.04M | 242.22M | 169.68M | 169.68M | 148.73M | 127.00M |
| Other Intangible Assets | 26.48M | 17.74M | 1.26M | 3.48M | 5.61M | 1.52M |
| Other Long-Term Assets | 179.97M | 152.87M | 113.82M | 93.00M | 71.78M | 76.85M |
| Total Assets | 3.67B | 3.55B | 3.19B | 2.79B | 2.53B | 2.51B |
| Accounts Payable | 179.03M | 163.42M | 144.79M | 131.64M | 105.56M | 95.23M |
| Accrued Expenses | 271.00M | 265.56M | 250.98M | 212.36M | 185.12M | 184.22M |
| Current Portion of Leases | 32.84M | 30.99M | 28.17M | 27.41M | 25.49M | 21.95M |
| Current Income Taxes Payable | 2.02M | 123.00K | 2.99M | 112.00K | 434.00K | 85.00K |
| Current Unearned Revenue | 305.90M | 448.74M | 401.20M | 373.91M | 335.40M | 300.66M |
| Total Current Liabilities | 790.79M | 908.84M | 828.13M | 745.43M | 652.01M | 602.14M |
| Long-Term Debt | 50.00M | 50.00M | 100.00M | |||
| Long-Term Leases | 1.00B | 945.78M | 829.10M | 746.28M | 680.57M | 625.59M |
| Long-Term Deferred Tax Liabilities | 22.25M | 14.68M | 8.18M | 23.10M | 20.98M | 11.73M |
| Other Long-Term Liabilities | 224.52M | 198.47M | 151.64M | 121.05M | 94.44M | 99.00M |
| Total Liabilities | 2.09B | 2.07B | 1.82B | 1.64B | 1.50B | 1.44B |
| Common Stock | 66.00K | 66.00K | 67.00K | 67.00K | 67.00K | 69.00K |
| Additional Paid-In Capital | 13.14M | 114.50M | ||||
| Retained Earnings | 1.56B | 1.46B | 1.36B | 1.14B | 999.43M | 943.55M |
| Comprehensive Income & Other | -90.00K | |||||
| Total Common Equity | 1.56B | 1.46B | 1.36B | 1.14B | 1.01B | 1.06B |
| Minority Interest | 21.24M | 20.88M | 15.38M | 15.85M | 15.02M | 15.36M |
| Shareholders' Equity | 1.58B | 1.48B | 1.37B | 1.16B | 1.03B | 1.07B |
| Total Liabilities & Equity | 3.67B | 3.55B | 3.19B | 2.79B | 2.53B | 2.51B |
| Total Debt | 1.09B | 976.76M | 857.27M | 773.69M | 756.06M | 747.54M |
| Net Cash (Debt) | -885.13M | -842.05M | -612.05M | -669.44M | -582.20M | -411.90M |
| Net Cash Per Share | -13.37 | -12.66 | -9.13 | -9.97 | -8.57 | -5.88 |
| Filing Date Shares Outstanding | 65.64M | 65.93M | 66.45M | 66.83M | 67.02M | 69.12M |
| Total Common Shares Outstanding | 66.57M | 65.94M | 66.57M | 66.79M | 66.97M | 69.38M |
| Working Capital | -428.89M | -457.36M | -311.56M | -388.96M | -255.17M | -38.62M |
| Book Value Per Share | 23.41 | 22.15 | 20.40 | 17.09 | 15.12 | 15.25 |
| Tangible Book Value | 1.26B | 1.20B | 1.19B | 968.50M | 858.30M | 929.60M |
| Tangible Book Value Per Share | 18.88 | 18.21 | 17.84 | 14.50 | 12.82 | 13.40 |
| Land | 169.43M | 174.03M | 165.92M | 148.22M | 144.18M | |
| Buildings | 1.74B | 1.52B | 1.37B | 1.21B | 1.09B | |
| Machinery | 1.17B | 1.03B | 908.49M | 797.06M | 732.16M | |
| Construction In Progress | 80.29M | 98.66M | 93.53M | 73.64M | 50.81M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 413.17M | 405.55M | 433.59M | 304.88M | 269.82M | 245.29M |
| Depreciation & Amortization | 222.28M | 206.64M | 178.16M | 153.20M | 137.24M | 126.76M |
| Loss (Gain) From Sale of Assets | 3.56M | 4.81M | 3.57M | 3.78M | 4.51M | 3.17M |
| Asset Writedown & Restructuring Costs | 182.00K | 120.00K | 845.00K | 200.00K | 2.47M | 673.00K |
| Loss (Gain) on Equity Investments | -994.00K | -2.01M | -64.00K | -662.00K | -217.00K | 1.71M |
| Stock-Based Compensation | 51.42M | 47.77M | 47.05M | 34.23M | 36.66M | 38.14M |
| Provision & Write-off of Bad Debts | 21.00K | 5.00K | -28.00K | -14.00K | 33.00K | 7.00K |
| Other Operating Activities | 30.21M | 15.81M | -3.05M | 11.91M | 17.23M | 16.92M |
| Change in Accounts Receivable | -9.14M | -21.31M | -17.67M | -24.42M | 11.06M | -62.40M |
| Change in Inventory | -3.42M | -3.65M | -2.44M | 105.00K | -6.10M | -9.23M |
| Change in Accounts Payable | 26.37M | 18.96M | 13.14M | 23.08M | 5.41M | 27.73M |
| Change in Unearned Revenue | 27.57M | 45.42M | 27.29M | 37.35M | 33.80M | 67.84M |
| Change in Income Taxes | 9.44M | -20.91M | 20.53M | 8.10M | 7.84M | -349.00K |
| Change in Other Net Operating Assets | 32.64M | 32.87M | 52.70M | 13.24M | -8.03M | 12.56M |
| Operating Cash Flow | 803.31M | 730.07M | 753.63M | 564.98M | 511.73M | 468.83M |
| Capital Expenditures | -396.93M | -388.00M | -354.34M | -347.03M | -246.12M | -200.69M |
| Sale of Property, Plant & Equipment | 1.06M | 1.20M | 1.44M | 2.11M | 2.27M | |
| Cash Acquisitions | -85.43M | -107.53M | -39.15M | -33.07M | ||
| Sale (Purchase) of Intangibles | -6.00M | -6.00M | ||||
| Investment in Securities | -8.28M | -1.63M | 627.00K | 316.00K | ||
| Other Investing Activities | 30.30M | 19.14M | 16.00M | 16.28M | 12.87M | 5.59M |
| Investing Cash Flow | -465.27M | -482.81M | -336.90M | -367.17M | -263.73M | -195.10M |
| Long-Term Debt Repaid | -50.00M | -50.00M | -140.00M | |||
| Net Debt Issued (Repaid) | 50.00M | -50.00M | -50.00M | -140.00M | ||
| Issuance of Common Stock | 502.00K | 459.00K | 366.00K | 405.00K | 307.00K | 602.00K |
| Repurchase of Common Stock | -167.94M | -169.92M | -97.61M | -62.68M | -226.44M | -69.26M |
| Common Dividends Paid | -188.63M | -180.26M | -162.86M | -147.18M | -124.14M | -83.66M |
| Other Financing Activities | -6.35M | -8.04M | -15.64M | -7.97M | -9.51M | -8.91M |
| Financing Cash Flow | -312.42M | -357.77M | -275.75M | -267.43M | -409.77M | -301.23M |
| Net Cash Flow | 25.63M | -110.52M | 140.98M | -69.61M | -161.78M | -27.51M |
| Free Cash Flow | 406.38M | 342.07M | 399.29M | 217.95M | 265.60M | 268.13M |
| Free Cash Flow Margin | 6.52% | 5.82% | 7.43% | 4.71% | 6.62% | 7.74% |
| Free Cash Flow Per Share | 6.14 | 5.14 | 5.96 | 3.25 | 3.91 | 3.83 |
| Levered Free Cash Flow | 235.89M | 189.81M | 257.28M | 124.07M | 180.05M | 210.88M |
| Unlevered Free Cash Flow | 235.89M | 189.81M | 257.28M | 124.07M | 180.13M | 213.17M |
| Cash Interest Paid | 1.21M | 981.00K | 891.00K | 1.12M | 1.55M | 3.19M |
| Cash Income Tax Paid | 38.30M | 75.09M | 87.33M | 39.86M | 25.91M | 39.79M |
| Change in Working Capital | 83.46M | 51.38M | 93.55M | 57.45M | 43.98M | 36.16M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 12.29B | 11.07B | 12.04B | 8.23B | 6.30B | 6.24B |
| Enterprise Value | 13.17B | 11.91B | 12.69B | 8.93B | 6.90B | 6.64B |
| Last Close Price | 187.17 | 165.32 | 175.46 | 118.04 | 88.44 | 82.32 |
| PE Ratio | 29.97 | 27.30 | 27.76 | 26.98 | 23.35 | 25.45 |
| Forward PE | 26.55 | 26.03 | 25.16 | 24.60 | 20.64 | 27.19 |
| PS Ratio | 1.97 | 1.88 | 2.24 | 1.78 | 1.57 | 1.80 |
| PB Ratio | 8.00 | 7.47 | 8.76 | 7.11 | 6.13 | 5.81 |
| P/TBV Ratio | 9.77 | 9.22 | 10.14 | 8.49 | 7.34 | 6.71 |
| P/FCF Ratio | 30.23 | 32.37 | 30.15 | 37.74 | 23.73 | 23.28 |
| P/OCF Ratio | 15.29 | 15.17 | 15.97 | 14.56 | 12.31 | 13.31 |
| PEG Ratio | 1.86 | 2.71 | 1.37 | 1.68 | 1.52 | 2.72 |
| EV/Sales Ratio | 2.11 | 2.03 | 2.36 | 1.93 | 1.72 | 1.92 |
| EV/EBITDA Ratio | 18.67 | 17.48 | 18.24 | 17.59 | 15.04 | 15.62 |
| EV/EBIT Ratio | 27.26 | 25.08 | 24.52 | 25.20 | 21.45 | 22.27 |
| EV/FCF Ratio | 32.41 | 34.83 | 31.79 | 40.97 | 25.99 | 24.75 |
| Debt / Equity Ratio | 0.69 | 0.66 | 0.62 | 0.67 | 0.74 | 0.70 |
| Debt / EBITDA Ratio | 1.34 | 1.25 | 1.09 | 1.32 | 1.44 | 1.54 |
| Debt / FCF Ratio | 2.68 | 2.85 | 2.15 | 3.55 | 2.85 | 2.79 |
| Net Debt / Equity Ratio | 0.56 | 0.57 | 0.45 | 0.58 | 0.57 | 0.38 |
| Net Debt / EBITDA Ratio | 1.25 | 1.24 | 0.88 | 1.32 | 1.27 | 0.97 |
| Net Debt / FCF Ratio | 2.18 | 2.46 | 1.53 | 3.07 | 2.19 | 1.54 |
| Asset Turnover | 1.80 | 1.74 | 1.80 | 1.74 | 1.59 | 1.43 |
| Inventory Turnover | 109.39 | 113.69 | 111.14 | 101.35 | 95.11 | 105.13 |
| Quick Ratio | 0.35 | 0.38 | 0.53 | 0.38 | 0.50 | 0.82 |
| Current Ratio | 0.46 | 0.50 | 0.62 | 0.48 | 0.61 | 0.94 |
| Return on Equity (ROE) | 27.71% | 29.02% | 35.11% | 28.71% | 26.42% | 25.12% |
| Return on Assets (ROA) | 8.72% | 8.81% | 10.81% | 8.33% | 7.99% | 7.70% |
| Return on Invested Capital (ROIC) | 17.30% | 19.00% | 23.01% | 18.05% | 17.96% | 17.79% |
| Return on Capital Employed (ROCE) | 16.80% | 18.00% | 21.90% | 17.30% | 17.20% | 15.60% |
| Earnings Yield | 3.34% | 3.66% | 3.60% | 3.71% | 4.28% | 3.93% |
| FCF Yield | 3.31% | 3.09% | 3.32% | 2.65% | 4.21% | 4.30% |
| Dividend Yield | 1.60% | 1.62% | 1.35% | 1.79% | 1.96% | 1.33% |
| Payout Ratio | 48.04% | 44.45% | 37.56% | 48.28% | 46.01% | 34.11% |
| Buyback Yield / Dilution | 0.91% | 0.75% | 0.21% | 1.14% | 3.11% | -0.29% |
| Total Shareholder Return | 2.51% | 2.37% | 1.55% | 2.92% | 5.06% | 1.04% |