Texas Roadhouse Inc Financials
This page shows Texas Roadhouse Inc (TXRH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Strong operating cash flow is funding heavier reinvestment and shareholder returns, but each new sales dollar is converting less efficiently.
Over the last year, revenue added$505M while operating cash flow eased to$730M . With free-cash-flow margin down to5.8% from7.4% , growth required more reinvestment before it became cash that could be kept or returned; that marks a real step down in cash conversion even though the business still self-funded expansion.
A current ratio of 0.5x would look tight on its own, yet it sits beside operating cash flow of
Last year, buybacks plus dividends reached roughly
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Texas Roadhouse Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Texas Roadhouse Inc has an operating margin of 8.1%, meaning the company retains $8 of operating profit per $100 of revenue. This strong profitability earns a score of 74/100, reflecting efficient cost management and pricing power. This is down from 9.6% the prior year.
Texas Roadhouse Inc's revenue grew 9.4% year-over-year to $5.9B, a solid pace of expansion. This earns a growth score of 71/100.
Texas Roadhouse Inc has a moderate D/E ratio of 1.42. This balance of debt and equity financing earns a leverage score of 39/100.
Texas Roadhouse Inc's current ratio of 0.50 is below the typical benchmark, resulting in a score of 5/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Texas Roadhouse Inc has a free cash flow margin of 5.8%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.
Texas Roadhouse Inc earns a strong 27.8% return on equity (ROE), meaning it generates $28 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 89/100. This is down from 31.9% the prior year.
Texas Roadhouse Inc scores 6.13, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($12.4B) relative to total liabilities ($2.1B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Texas Roadhouse Inc passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Texas Roadhouse Inc generates $1.80 in operating cash flow ($730.1M OCF vs $405.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Texas Roadhouse Inc generated $5.9B in revenue in fiscal year 2025. This represents an increase of 9.4% from the prior year.
Texas Roadhouse Inc's EBITDA was $681.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.9% from the prior year.
Texas Roadhouse Inc reported $405.6M in net income in fiscal year 2025. This represents a decrease of 6.5% from the prior year.
Texas Roadhouse Inc earned $6.10 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 5.7% from the prior year.
Cash & Balance Sheet
Texas Roadhouse Inc generated $342.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 14.3% from the prior year.
Texas Roadhouse Inc held $134.7M in cash against $0 in long-term debt as of fiscal year 2025.
Texas Roadhouse Inc paid $2.72 per share in dividends in fiscal year 2025. This represents an increase of 11.5% from the prior year.
Texas Roadhouse Inc had 66M shares outstanding in fiscal year 2025. This represents a decrease of 0.9% from the prior year.
Margins & Returns
Texas Roadhouse Inc's operating margin was 8.1% in fiscal year 2025, reflecting core business profitability. This is down 1.5 percentage points from the prior year.
Texas Roadhouse Inc's net profit margin was 6.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.2 percentage points from the prior year.
Texas Roadhouse Inc's ROE was 27.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.1 percentage points from the prior year.
Capital Allocation
Texas Roadhouse Inc spent $150.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 88.0% from the prior year.
Texas Roadhouse Inc invested $388.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 9.5% from the prior year.
TXRH Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B+10.2% | $1.5B+3.2% | $1.4B-0.8% | $1.4B+0.7% | $1.4B+13.0% | $1.3B-5.1% | $1.3B+1.5% | $1.3B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | $1.1B-2.6% | $1.1B+0.5% | $1.1B |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | $209.8M-16.1% | $250.2M+6.2% | $235.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $61.1M+13.2% | $54.0M-0.7% | $54.4M-3.3% | $56.2M-2.0% | $57.4M+4.1% | $55.1M-5.2% | $58.1M+10.6% | $52.6M |
| Operating Income | $146.3M+51.3% | $96.7M-0.2% | $96.9M-28.0% | $134.7M-2.8% | $138.6M+35.8% | $102.0M-28.6% | $142.8M+7.3% | $133.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $21.0M+86.3% | $11.3M-11.9% | $12.8M-36.6% | $20.2M-9.1% | $22.2M+27.8% | $17.4M-19.9% | $21.7M+15.5% | $18.8M |
| Net Income | $126.0M+61.6% | $77.9M-8.2% | $84.9M-26.8% | $116.1M+7.7% | $107.8M+24.2% | $86.8M-29.5% | $123.1M+6.1% | $116.0M |
| EPS (Diluted) | $1.87 | N/A | $1.25-26.5% | $1.70 | N/A | $1.26-29.6% | $1.79+5.9% | $1.69 |
TXRH Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.6B+0.7% | $3.5B+8.7% | $3.3B+2.4% | $3.2B0.0% | $3.2B+9.5% | $2.9B+1.8% | $2.9B+1.1% | $2.8B |
| Current Assets | $362.4M-19.7% | $451.5M+81.0% | $249.4M-29.4% | $353.3M-31.6% | $516.6M+68.0% | $307.4M-7.8% | $333.3M-3.2% | $344.4M |
| Cash & Equivalents | $214.6M+59.3% | $134.7M+24.5% | $108.2M-51.1% | $221.1M-9.8% | $245.2M+29.6% | $189.2M-4.2% | $197.5M-7.5% | $213.4M |
| Inventory | $46.0M+1.1% | $45.6M+0.2% | $45.5M+3.5% | $43.9M+7.8% | $40.8M+2.3% | $39.8M-3.3% | $41.2M+7.3% | $38.4M |
| Accounts Receivable | $53.8M-74.9% | $214.5M+250.9% | $61.1M+20.2% | $50.9M-73.7% | $193.2M+269.1% | $52.3M-23.7% | $68.6M+27.3% | $53.9M |
| Goodwill | $275.0M+13.5% | $242.2M+5.2% | $230.3M+5.2% | $218.9M+29.0% | $169.7M0.0% | $169.7M0.0% | $169.7M0.0% | $169.7M |
| Total Liabilities | $2.0B-1.5% | $2.1B+15.5% | $1.8B-0.3% | $1.8B-1.2% | $1.8B+14.2% | $1.6B+0.4% | $1.6B-1.4% | $1.6B |
| Current Liabilities | $788.8M-13.2% | $908.8M+31.9% | $688.8M-8.4% | $752.0M-9.2% | $828.1M+32.0% | $627.6M-2.6% | $644.3M-6.1% | $686.4M |
| Long-Term Debt | $50.0M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.5B+3.8% | $1.5B0.0% | $1.5B+5.8% | $1.4B+1.6% | $1.4B+3.8% | $1.3B+3.6% | $1.3B+4.6% | $1.2B |
| Retained Earnings | $1.5B+3.8% | $1.5B0.0% | $1.5B+5.8% | $1.4B+1.6% | $1.4B+3.8% | $1.3B+3.6% | $1.3B+4.6% | $1.2B |
TXRH Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $259.1M+17.5% | $220.5M+53.5% | $143.6M-39.6% | $237.7M+0.1% | $237.5M+71.2% | $138.7M+3.6% | $133.9M-45.0% | $243.4M |
| Capital Expenditures | $80.2M-10.1% | $89.2M-30.8% | $128.9M+66.6% | $77.4M-28.2% | $107.8M+18.4% | $91.1M+17.0% | $77.8M+0.2% | $77.7M |
| Free Cash Flow | $178.9M+36.3% | $131.3M+791.5% | $14.7M-90.8% | $160.4M+23.6% | $129.7M+172.1% | $47.7M-15.0% | $56.1M-66.2% | $165.8M |
| Investing Cash Flow | -$146.8M-48.8% | -$98.6M+20.9% | -$124.7M+19.9% | -$155.6M-56.0% | -$99.7M-9.5% | -$91.1M-27.4% | -$71.5M+4.3% | -$74.7M |
| Financing Cash Flow | -$32.5M+65.9% | -$95.3M-8.8% | -$87.6M+17.6% | -$106.3M-29.9% | -$81.8M-46.3% | -$55.9M+28.7% | -$78.4M-31.7% | -$59.6M |
| Dividends Paid | $49.4M+10.1% | $44.9M-0.4% | $45.1M-0.2% | $45.2M+11.1% | $40.7M-0.1% | $40.7M-0.1% | $40.7M-0.2% | $40.8M |
| Share Buybacks | $28.2M-43.6% | $50.0M+25.1% | $40.0M-20.2% | $50.2M+42.0% | $35.3M+267.9% | $9.6M-63.4% | $26.2M+193.0% | $8.9M |
TXRH Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | 16.5%-2.2pp | 18.6%+0.8pp | 17.8% |
| Operating Margin | 9.0%+2.4pp | 6.5%-0.2pp | 6.8%-2.6pp | 9.3%-0.3pp | 9.6%+1.6pp | 8.0%-2.6pp | 10.7%+0.6pp | 10.1% |
| Net Margin | 7.7%+2.5pp | 5.3%-0.6pp | 5.9%-2.1pp | 8.0%+0.5pp | 7.5%+0.7pp | 6.8%-2.4pp | 9.2%+0.4pp | 8.8% |
| Return on Equity | 8.3%+3.0pp | 5.3%-0.5pp | 5.8%-2.6pp | 8.4%+0.5pp | 7.9%+1.3pp | 6.6%-3.1pp | 9.8%+0.1pp | 9.6% |
| Return on Assets | 3.5%+1.3pp | 2.2%-0.4pp | 2.6%-1.0pp | 3.6%+0.3pp | 3.4%+0.4pp | 3.0%-1.3pp | 4.3%+0.2pp | 4.1% |
| Current Ratio | 0.46-0.0 | 0.50+0.1 | 0.36-0.1 | 0.47-0.2 | 0.62+0.1 | 0.49-0.0 | 0.52+0.0 | 0.50 |
| Debt-to-Equity | 0.03-1.4 | 1.42+0.2 | 1.23-0.1 | 1.30-0.0 | 1.34+0.1 | 1.22-0.0 | 1.25-0.1 | 1.33 |
| FCF Margin | 11.0%+2.1pp | 8.9%+7.8pp | 1.0%-10.0pp | 11.1%+2.1pp | 9.0%+5.3pp | 3.8%-0.4pp | 4.2%-8.4pp | 12.6% |
Note: The current ratio is below 1.0 (0.50), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Texas Roadhouse Inc's annual revenue?
Texas Roadhouse Inc (TXRH) reported $5.9B in total revenue for fiscal year 2025. This represents a 9.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Texas Roadhouse Inc's revenue growing?
Texas Roadhouse Inc (TXRH) revenue grew by 9.4% year-over-year, from $5.4B to $5.9B in fiscal year 2025.
Is Texas Roadhouse Inc profitable?
Yes, Texas Roadhouse Inc (TXRH) reported a net income of $405.6M in fiscal year 2025, with a net profit margin of 6.9%.
What is Texas Roadhouse Inc's EBITDA?
Texas Roadhouse Inc (TXRH) had EBITDA of $681.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Texas Roadhouse Inc's operating margin?
Texas Roadhouse Inc (TXRH) had an operating margin of 8.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Texas Roadhouse Inc's net profit margin?
Texas Roadhouse Inc (TXRH) had a net profit margin of 6.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Texas Roadhouse Inc pay dividends?
Yes, Texas Roadhouse Inc (TXRH) paid $2.72 per share in dividends during fiscal year 2025.
What is Texas Roadhouse Inc's return on equity (ROE)?
Texas Roadhouse Inc (TXRH) has a return on equity of 27.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Texas Roadhouse Inc's free cash flow?
Texas Roadhouse Inc (TXRH) generated $342.1M in free cash flow during fiscal year 2025. This represents a -14.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Texas Roadhouse Inc's operating cash flow?
Texas Roadhouse Inc (TXRH) generated $730.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Texas Roadhouse Inc's total assets?
Texas Roadhouse Inc (TXRH) had $3.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Texas Roadhouse Inc's capital expenditures?
Texas Roadhouse Inc (TXRH) invested $388.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Texas Roadhouse Inc's current ratio?
Texas Roadhouse Inc (TXRH) had a current ratio of 0.50 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Texas Roadhouse Inc's debt-to-equity ratio?
Texas Roadhouse Inc (TXRH) had a debt-to-equity ratio of 1.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Texas Roadhouse Inc's return on assets (ROA)?
Texas Roadhouse Inc (TXRH) had a return on assets of 11.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Texas Roadhouse Inc's Altman Z-Score?
Texas Roadhouse Inc (TXRH) has an Altman Z-Score of 6.13, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Texas Roadhouse Inc's Piotroski F-Score?
Texas Roadhouse Inc (TXRH) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Texas Roadhouse Inc's earnings high quality?
Texas Roadhouse Inc (TXRH) has an earnings quality ratio of 1.80x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Texas Roadhouse Inc?
Texas Roadhouse Inc (TXRH) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.