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Texas Roadhouse, Inc.

TXRH Consumer Cyclical Restaurants

Texas Roadhouse, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.9 billion, up 9.39% from fiscal 2024. In the quarter to June 2026, revenue grew 11.1%, EPS was flat and free cash flow grew 120.6%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five.

168.12 2.85 −1.67%
Market cap
$11.2B
P/E
26.9×
Fwd P/E
26.6×
Dividend yield
1.74%
F-score
5/9
Altman Z
5.71
Beneish M
−2.69
Dividend safety
84/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 9.71
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 2 2 — 4 — 5 — 1 6 — —
Insider Ownership 0.50%

Capital & Financial Ratios $m

Market Cap 11,220.00
Revenue 6,231.52
Net Income 422.09
Free Cash Flow 437.76
Net Debt (152.43)
Current Ratio 0.46 (below 1: weak)
Debt/Equity 0.03 (at or below 0.5: strong)
P/E ratio 26.86
Fwd P/E 26.60
P/S ratio 1.77
P/B ratio 6.99 (above 6: high)
Past 5Y EPS Growth 68.43% (at or above 15%: strong)
This Y EPS Growth 7.34%
Next Y EPS Growth 18.89% (at or above 15%: strong)
Next Y revenue growth 11.23% (at or above 10%: strong)
Next 5Y EPS Growth 15.33% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.8×, against a ten-year median of 1.7×; over the ten years it ranged from 1.0× in 2020 to 2.8× in 2021.
P/E against its own 10 years 39.92%
10-year low 10-year high
P/S against its own 10 years 50.94%
10-year low 10-year high
P/B against its own 10 years 74.12%
10-year low 10-year high
EV/Sales against its own 10 years 46.85%
10-year low 10-year high
EV/FCF against its own 10 years 26.17%
10-year low 10-year high

Dividends

Payout Ratio 0.47
Annual Dividend Rate 2.93
Annual Dividend Yield 1.74%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 3.00
0.75
0.75
0.75
2025 2.72
0.68
0.68
0.68
0.68
2024 2.44
0.61
0.61
0.61
0.61
2023 2.20
0.55
0.55
0.55
0.55
2022 1.84
0.46
0.46
0.46
0.46
2021 1.20
0.40
0.40
0.40
2020 0.36
0.36
2019 1.20
0.30
0.30
0.30
0.30
2018 1.00
0.25
0.25
0.25
0.25
2017 0.84
0.21
0.21
0.21
0.21
2016 0.76
0.19
0.19
0.19
0.19
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 104 245 135 202
Receivables 175 193 215 74
Inventory 38 41 46 50
Other — — — —
356 517 451 362
2023 2024 2025 Q'26
Payables 132 145 163 179
ST’ Debt — — — —
Other — 828 909 —
745 828 909 791

Compound Annual Growth %

10y 5y 3y
Sales 12.52% 19.64% 13.55%
Cash Flow 12.35% 25.94% 12.58%
Earnings 15.39% 66.97% 14.55%
Book Value 8.14% 9.46% 12.97%

Revenue $m

Mar Jun Sep Dec Year
’26 1,633 1,680 — — —
’25 1,448 1,512 1,436 1,482 5,878
’24 1,321 1,341 1,273 1,438 5,373
’23 1,174 1,171 1,122 1,164 4,632
’22 987 1,025 993 1,010 4,015
’21 801 899 869 896 3,464
’20 653 476 631 638 2,398
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 259 180 — — —
’25 238 128 144 220 730
’24 243 134 139 238 754
’23 189 99 103 174 565
’22 188 111 96 117 512
’21 178 119 52 120 469
’20 22 40 84 84 230
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 189 85 — — —
’25 160 39 19 144 362
’24 169 62 48 138 417
’23 124 16 15 81 236
’22 141 51 40 49 281
’21 142 74 0 58 274
’20 (23) 5 49 49 80
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.87 1.85 — — —
’25 1.70 1.86 1.25 1.28 6.10
’24 1.69 1.79 1.26 1.73 6.47
’23 1.28 1.22 0.95 1.08 4.54
’22 1.08 1.07 0.93 0.89 3.97
’21 0.91 1.08 0.75 0.76 3.50
’20 0.23 (0.48) 0.42 0.28 0.45
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 33.80 40.28 53.05 47.52 25.15 73.20 68.58 90.40 115.48 148.73

Analyst estimates 2026–2028

Powerpack
High 50.51 55.99 75.24 67.67 84.27 110.75 101.75 124.02 206.04 199.99
People
People Employees 52,500 56,300 64,900 67,900 61,600 73,300 82,000 91,000 95,000 101,000
Revenue/emp, $m 0.04 0.04 0.04 0.04 0.04 0.05 0.05 0.05 0.06 0.06
Income, $m
Income, $m Revenue 1,991 2,220 2,457 2,756 2,398 3,464 4,015 4,632 5,373 5,878
Gross margin, % 19.36 19.05 18.09 18.00 11.83 17.51 16.28 15.87 17.63 15.93
EBT 172 186 189 214 19 293 321 358 524 481
EBT margin, % 8.63 8.39 7.67 7.76 0.80 8.46 8.00 7.74 9.76 8.18
Net income 121 138 164 182 35 253 278 314 444 414
Depreciation 83 93 101 116 118 127 137 153 178 207
Per share, $
Per share, $ Revenue 28.28 31.27 34.39 39.09 34.54 49.69 59.35 69.24 80.50 88.63
Earnings 1.64 1.85 2.21 2.47 0.45 3.52 3.99 4.56 6.50 6.11
Cash flow 3.65 4.03 4.94 5.31 3.32 6.73 7.57 8.45 11.29 11.01
Capex (2.34) (2.28) (2.18) (3.02) (2.17) (2.80) (3.41) (4.91) (5.05) (5.54)
Free cash flow 1.31 1.76 2.75 2.28 1.15 3.93 4.15 3.53 6.24 5.46
Book value 10.77 11.99 13.44 13.21 13.58 15.40 15.19 17.30 20.58 22.34
Shares, m 70 71 71 71 69 70 68 67 67 66
Valuation, ×
Valuation, × P/E 29.16 29.10 27.01 22.80 173.69 25.44 23.42 26.16 27.76 27.17
P/S 1.69 1.72 1.74 1.44 2.26 1.80 1.57 1.72 2.24 1.87
P/B 4.44 4.49 4.44 4.26 5.76 5.80 6.13 6.89 8.77 7.43
EV/Sales 1.66 1.68 1.65 1.60 2.45 1.74 1.55 1.87 2.34 1.98
EV/FCF 35.81 29.84 20.61 27.44 73.53 22.06 22.19 36.62 30.18 32.16
Cash, $m
Cash, $m Operating cash flow 257 286 353 374 230 469 512 565 754 730
Capex (165) (162) (156) (213) (151) (195) (231) (329) (337) (368)
Free cash flow 92 125 197 161 80 274 281 236 417 362
Balance, $m
Balance, $m Working capital (79) (73) (40) (169) 4 (39) (255) (389) (312) (457)
Total debt 53 52 2 556 812 100 50 — — —
Net debt (60) (99) (208) 448 449 (236) (124) (104) (245) (135)
Shareholders’ equity 758 851 961 931 943 1,073 1,028 1,158 1,374 1,482
Returns, %
Returns, % ROA 10.45 10.48 11.30 10.10 1.45 10.14 10.71 11.46 14.49 12.03
ROIC 15.40 15.47 15.60 9.61 1.07 22.17 22.14 21.01 28.61 22.03
ROE 16.11 16.34 17.46 18.44 3.34 24.33 25.68 27.90 34.26 28.41
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Texas Roadhouse, Inc. vs peers in Restaurants (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
QSR Restaurant Brands International Inc. $33.7B 20.0× 18.0× +4.56% (above 0%: growing) +151.72% (above 0%: growing) +18.89% (above 0%: growing) 49.13% 28.49% Compare
DRI Darden Restaurants, Inc. $24.3B 21.0× 17.4× +5.11% (above 0%: growing) −7.24% (below 0%: shrinking) −41.21% (below 0%: shrinking) 20.50% 9.98% Compare
YUMC Yum China $15.3B 16.5× 14.7× +12.59% (above 0%: growing) +20.69% (above 0%: growing) +3.10% (above 0%: growing) 22.21% 11.09% Compare
TXRH Texas Roadhouse, Inc. $11.2B 26.9× 26.6× +11.11% (above 0%: growing) −0.53% (below 0%: shrinking) +120.59% (above 0%: growing) 16.80% 8.50%
DPZ Domino's Pizza Inc $10.0B 17.0× 16.4× +3.36% (above 0%: growing) +12.90% (above 0%: growing) −3.26% (below 0%: shrinking) 40.18% 20.39% Compare
EAT Brinker International, Inc. $8.6B 18.2× 11.3× +5.06% (above 0%: growing) +27.80% (above 0%: growing) +48.74% (above 0%: growing) 18.75% 10.87% Compare
BROS Dutch Bros Inc. $7.2B 57.0× 65.2× +32.48% (above 0%: growing) +40.00% (above 0%: growing) +11.97% (above 0%: growing) 27.42% 12.78% Compare
CAVA CAVA Group, Inc. $6.5B 101× 131× +31.30% (above 0%: growing) +25.00% (above 0%: growing) +52.60% (above 0%: growing) 44.93% 7.29% Compare
CAKE The Cheesecake Factory Incorporated $5.8B 30.0× 16.3× +7.72% (above 0%: growing) +24.58% (above 0%: growing) +220.39% (above 0%: growing) 17.64% 7.63% Compare
Median of peers $9.3B 20.5× 16.9× +6.42% +24.79% +15.43% 24.81% 10.98%

All 56 Restaurants stocks →

Texas Roadhouse, Inc. (TXRH) key facts

  • Concern: Net income was $414.3 million, or $6.11 per share (basic), a net margin of 6.90%.
  • Strength: Texas Roadhouse, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.9 billion, up 9.39% from fiscal 2024.
  • Texas Roadhouse, Inc. (TXRH) is a Restaurants company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 16, 2026, TXRH traded at $168.12, a market capitalization of $11.2 billion.
  • At that price the stock trades at 26.9× trailing-twelve-month earnings and 1.8× sales; its P/E is higher than 40% of its own readings over the past ten years.
  • Texas Roadhouse, Inc. pays an annual dividend of $2.93 per share, a yield of 1.74%, with a payout ratio of 46.9%.
  • Return on equity was 28.4% and debt-to-equity 0.03.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 5.71 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Texas Roadhouse, Inc. (TXRH) Latest News

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stockrow.com/TXRH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com