Texas Roadhouse, Inc. TXRH

Consumer discretionary SIC 5812 - Retail-Eating Places NAICS Accommodation and Food Services › Food Services and Drinking Places › Restaurants and Other Eating Places derived Nasdaq

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."

Last close 165.66 2026-10-23
Market cap $10.87B 2026-06-30 share count
52-week range 153.82 - 216.30

Valuation FY2025 figures against the last close

P/S1.8x
P/E27.2x
P/FCF31.8x
EV/EBITDA16.0x
Dividend yield1.7%
Diluted EPS6.10

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Texas Roadhouse - Restaurant and other sales
  • Bubba's 33 - Restaurant and other sales
  • Other
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Texas Roadhouse - Restaurant and other sales, FY2025: 5.5B (93.6%) 94% Texas Roadhouse - Restaurant and other sales Bubba's 33 - Restaurant and other sales, FY2025: 335.2M (5.7%) 6% Other, FY2025: 36.2M (0.6%) FY2024 Texas Roadhouse - Restaurant and other sales, FY2024: 5B (93.8%) 94% Bubba's 33 - Restaurant and other sales, FY2024: 297.6M (5.6%) 6% Other, FY2024: 31.5M (0.6%) FY2023 Texas Roadhouse - Restaurant and other sales, FY2023: 4.3B (94.1%) 94% Bubba's 33 - Restaurant and other sales, FY2023: 247.2M (5.4%) 5% Other, FY2023: 25.5M (0.6%)
Segment FY2025FY2024FY2023
Texas Roadhouse - Restaurant and other sales $5.48B $5.01B $4.33B
Bubba's 33 - Restaurant and other sales $335.2M $297.6M $247.2M
Other $36.2M $31.5M $25.5M

As the company reported it, from the “Segment Information - Segment Assets Reconciliation (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 6.116.504.563.993.520.452.472.211.851.64
EPS, diluted 6.106.474.543.973.500.452.462.201.841.63
Shares, diluted (wtd. avg.) 66.5M67.0M67.1M67.9M70.1M69.9M70.9M72.0M71.5M71.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 2B Net income, FY2016: 115.6M Revenue, FY2017: 2.2B Net income, FY2017: 131.5M Revenue, FY2018: 2.5B Net income, FY2018: 158.2M Revenue, FY2019: 2.8B Net income, FY2019: 174.5M Revenue, FY2020: 2.4B Net income, FY2020: 31.3M Revenue, FY2021: 3.5B Net income, FY2021: 245.3M Revenue, FY2022: 4B Net income, FY2022: 269.8M Revenue, FY2023: 4.6B Net income, FY2023: 304.9M Revenue, FY2024: 5.4B Net income, FY2024: 433.6M Revenue, FY2025: 5.9B Net income, FY2025: 405.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.99B $2.22B $2.46B $2.76B $2.40B $3.46B $4.01B $4.63B $5.37B $5.88B
Gross profit — — — — — — — — — —
Net income $115.6M $131.5M $158.2M $174.5M $31.3M $245.3M $269.8M $304.9M $433.6M $405.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Other event Item 8.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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