Texas Roadhouse, Inc. TXRH
Texas Roadhouse, Inc. (the "Company," "we," "our," and/or "us") was incorporated under the laws of the state of Delaware in 2004. The principal executive office is located in Louisville, Kentucky.
The Company is a growing restaurant company operating predominantly in the casual dining segment. Our late founder, W. Kent Taylor, started the business in 1993 with the opening of the first Texas Roadhouse restaurant in Clarksville, Indiana. Since then, we have grown to three concepts with 816 restaurants in 49 states, one U.S. territory, and ten foreign countries.
Our mission statement is "Legendary Food, Legendary Service®" and our core values are "Passion, Partnership, Integrity, and Fun with Purpose." Our operating strategy is designed to position each of our restaurants as the local hometown favorite for a broad segment of consumers seeking high quality, affordable meals served with friendly, attentive service. This strategy guides our purpose statement of "Serving Communities Across America and the World."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.88B | $5.37B | $4.63B | $4.01B | $3.46B | $2.40B | $2.76B | $2.46B | $2.22B | $1.99B |
| SG&A | $227.3M | $223.3M | $198.4M | $172.7M | $157.5M | $119.5M | $149.4M | $136.2M | $123.3M | $110.8M |
| Total operating expenses | $5.40B | $4.86B | $4.28B | $3.69B | $3.17B | $2.37B | $2.54B | $2.27B | $2.03B | $1.82B |
| Operating income | $474.7M | $516.5M | $354.0M | $320.2M | $297.2M | $23.8M | $212.0M | $187.8M | $186.2M | $171.9M |
| Interest expense | — | — | — | — | — | — | — | — | $1.6M | $1.3M |
| Pre-tax income | $480.8M | $524.5M | $358.3M | $321.3M | $292.9M | $19.3M | $213.9M | $188.6M | $186.1M | $171.8M |
| Income tax | $66.4M | $80.1M | $44.6M | $43.7M | $39.6M | $15.7M | $32.4M | $24.3M | $48.6M | $51.2M |
| Net income | $405.6M | $433.6M | $304.9M | $269.8M | $245.3M | $31.3M | $174.5M | $158.2M | $131.5M | $115.6M |
| EPS, basic | 6.11 | 6.50 | 4.56 | 3.99 | 3.52 | 0.45 | 2.47 | 2.21 | 1.85 | 1.64 |
| EPS, diluted | 6.10 | 6.47 | 4.54 | 3.97 | 3.50 | 0.45 | 2.46 | 2.20 | 1.84 | 1.63 |
| Shares, diluted (wtd. avg.) | $66.5M | $67.0M | $67.1M | $67.9M | $70.1M | $69.9M | $70.9M | $72.0M | $71.5M | $71.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $134.7M | $245.2M | $104.2M | $173.9M | $335.6M | $363.2M | $107.9M | $210.1M | $150.9M | $112.9M |
| Receivables | $214.5M | $193.2M | $175.5M | $150.3M | $161.4M | $98.4M | $99.3M | $92.1M | $76.5M | $56.1M |
| Inventory | $45.6M | $40.8M | $38.3M | $38.0M | $31.6M | $22.4M | $20.3M | $18.8M | $16.3M | $16.1M |
| Total current assets | $451.5M | $516.6M | $356.5M | $396.8M | $563.5M | $510.7M | $247.9M | $345.0M | $257.1M | $200.3M |
| Property, plant and equipment | $1.80B | $1.62B | $1.47B | $1.27B | $1.16B | $1.09B | $1.06B | $956.7M | $912.1M | $830.1M |
| Goodwill | $242.2M | $169.7M | $169.7M | $148.7M | $127.0M | $127.0M | $124.7M | $123.2M | $121.0M | $116.6M |
| Other intangibles | $17.7M | $1.3M | $3.5M | $5.6M | $1.5M | $2.3M | $1.2M | $2.0M | $2.7M | $3.6M |
| Total assets | $3.55B | $3.19B | $2.79B | $2.53B | $2.51B | $2.33B | $1.98B | $1.47B | $1.33B | $1.18B |
| Accounts payable | $163.4M | $144.8M | $131.6M | $105.6M | $95.2M | $67.0M | $61.7M | $62.1M | $57.6M | $50.8M |
| Short-term debt | — | — | — | — | — | $50.0M | — | — | — | — |
| Total current liabilities | $908.8M | $828.1M | $745.4M | $652.0M | $602.1M | $506.3M | $417.2M | $385.1M | $330.0M | $279.5M |
| Long-term debt | — | — | $0 | $50.0M | $100.0M | $190.0M | — | — | — | — |
| Total liabilities | $2.07B | $1.82B | $1.64B | $1.50B | $1.44B | $1.38B | $1.05B | $508.6M | $479.2M | $421.7M |
| Retained earnings | $1.46B | $1.36B | $1.14B | $999.4M | $943.6M | $781.9M | $775.6M | $688.3M | $602.5M | $530.7M |
| Total equity | $1.46B | $1.36B | $1.16B | $1.03B | $1.07B | $943.1M | $931.2M | $960.7M | $851.4M | $758.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $730.1M | $753.6M | $565.0M | $511.7M | $468.8M | $230.4M | $374.3M | $352.9M | $286.4M | $257.1M |
| Depreciation and amortisation | $206.6M | $178.2M | $153.2M | $137.2M | $126.8M | $117.9M | $115.5M | $101.2M | $93.5M | $83.0M |
| Stock-based compensation | $47.8M | $47.1M | $34.2M | $36.7M | $38.1M | $29.4M | $35.5M | $34.0M | $26.9M | $26.1M |
| Capital expenditure | $388.0M | $354.3M | $347.0M | $246.1M | $200.7M | $154.4M | $214.3M | $156.0M | $161.6M | $164.7M |
| Investing cash flow | -$482.8M | -$336.9M | -$367.2M | -$263.7M | -$195.1M | -$161.1M | -$214.8M | -$158.1M | -$178.2M | -$164.7M |
| Financing cash flow | -$357.8M | -$275.7M | -$267.4M | -$409.8M | -$301.2M | $185.9M | -$261.7M | -$135.5M | -$70.2M | -$38.7M |
| Dividends paid | $180.3M | $162.9M | $147.2M | $124.1M | $83.7M | $25.0M | $102.4M | $68.5M | $58.2M | $52.1M |
| Buybacks | $150.4M | $80.0M | $50.0M | $212.9M | $51.6M | $12.6M | $139.8M | — | — | $4.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-041771.
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