Texas Roadhouse (TXRH) Financials

$179.30 -4.27 (-2.33%)

Closing price 05/13/2026 04:00 PM Eastern

Extended Trading

$180.00 +0.70 (+0.39%)

As of 05/13/2026 06:57 PM Eastern

Annual Income Statements for Texas Roadhouse

This table shows Texas Roadhouse's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/29/2015	12/27/2016	12/26/2017	12/25/2018	12/31/2019	12/29/2020	12/28/2021	12/27/2022	12/26/2023	12/31/2024	12/30/2025
Net Income / (Loss) Attributable to Common Shareholders	97	116	132	158	174	31	245	270	305	434	406
Consolidated Net Income / (Loss)	101	121	138	164	182	35	253	278	314	444	414
Net Income / (Loss) Continuing Operations	101	121	138	164	182	35	253	278	314	444	414
Total Pre-Tax Income	144	172	186	189	214	19	293	321	358	524	481
Total Operating Income	145	172	186	188	212	24	297	320	354	517	475
Total Gross Profit	364	731	468	493	549	742	667	720	808	1,028	1,029
Total Revenue	1,807	1,991	2,220	2,457	2,756	2,398	3,464	4,015	4,632	5,373	5,878
Operating Revenue	1,807	1,991	2,220	2,457	2,756	2,398	3,464	4,015	4,632	5,373	5,878
Total Cost of Revenue	1,444	1,259	1,752	1,964	2,207	1,656	2,797	3,294	3,824	4,346	4,849
Operating Cost of Revenue	1,168	1,259	1,409	1,589	1,789	1,656	2,280	2,698	3,133	3,550	3,994
Other Cost of Revenue	275	-	343	375	418	-	518	596	691	796	855
Total Operating Expenses	219	559	282	305	337	718	369	400	454	511	554
Selling, General & Admin Expense	92	416	123	136	149	523	157	173	198	223	227
Depreciation Expense	70	83	93	101	116	118	127	137	153	178	207
Other Operating Expenses / (Income)	37	41	45	49	53	54	60	67	73	81	92
Restructuring Charge	0.97	0.18	0.65	0.28	-0.90	2.26	0.73	1.60	0.28	1.23	0.35
Other Special Charges / (Income)	19	20	19	19	20	20	24	22	29	28	28
Total Other Income / (Expense), net	-0.32	-0.14	-0.09	0.76	1.89	-4.59	-4.30	1.12	4.34	7.97	6.02
Interest & Investment Income	1.64	-0.14	-0.09	0.76	1.89	-4.59	-4.30	1.12	4.34	7.97	6.02
Income Tax Expense	43	51	49	24	32	-16	40	44	45	80	66
Net Income / (Loss) Attributable to Noncontrolling Interest	4.37	4.98	6.01	6.07	7.07	3.67	8.02	7.78	8.80	11	8.78
Basic Earnings per Share	$1.38	$1.64	$1.85	$2.21	$2.47	$0.45	$3.52	$3.99	$4.56	$6.50	$6.11
Weighted Average Basic Shares Outstanding	70.03M	70.40M	70.99M	71.47M	70.51M	69.44M	69.71M	67.64M	66.89M	66.75M	66.32M
Diluted Earnings per Share	$1.37	$1.63	$1.84	$2.20	$2.46	$0.45	$3.50	$3.97	$4.54	$6.47	$6.10
Weighted Average Diluted Shares Outstanding	70.75M	71.05M	71.53M	71.96M	70.92M	69.89M	70.10M	67.92M	67.15M	67.01M	66.51M
Weighted Average Basic & Diluted Shares Outstanding	70.20M	70.50M	71.10M	71.60M	69.41M	69.62M	69.12M	67.02M	66.83M	66.45M	65.93M
Cash Dividends to Common per Share	$0.68	$0.76	$0.84	$1.00	$1.20	$0.36	$1.20	$1.84	$2.20	$2.44	$2.72

This table shows Texas Roadhouse's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/26/2023	12/26/2023	3/26/2024	6/25/2024	9/24/2024	12/31/2024	4/1/2025	7/1/2025	9/30/2025	12/30/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	64	72	113	120	84	116	114	124	83	85	123
Consolidated Net Income / (Loss)	66	75	116	123	87	119	116	127	85	87	126
Net Income / (Loss) Continuing Operations	66	75	116	123	87	119	116	127	85	87	126
Total Pre-Tax Income	74	84	135	145	104	141	136	149	98	98	147
Total Operating Income	74	84	133	143	102	139	135	146	97	97	146
Total Gross Profit	188	202	255	270	230	273	269	288	235	237	296
Total Revenue	1,122	1,164	1,321	1,341	1,273	1,438	1,448	1,512	1,436	1,482	1,633
Operating Revenue	1,122	1,164	1,321	1,341	1,273	1,438	1,448	1,512	1,436	1,482	1,633
Total Cost of Revenue	934	962	1,066	1,071	1,043	1,165	1,179	1,224	1,202	1,245	1,338
Operating Cost of Revenue	765	779	873	874	852	951	971	1,006	992	1,025	1,109
Other Cost of Revenue	169	183	194	197	191	214	208	217	210	220	229
Total Operating Expenses	114	119	122	127	128	134	134	142	138	140	149
Selling, General & Admin Expense	48	50	53	58	55	57	56	63	54	54	61
Depreciation Expense	39	40	41	43	45	49	49	51	53	54	57
Other Operating Expenses / (Income)	18	19	19	20	20	21	22	23	23	24	25
Restructuring Charge	-0.00	0.14	0.20	0.09	0.84	0.09	0.03	0.11	0.14	0.07	0.00
Other Special Charges / (Income)	8.66	9.52	8.10	6.20	7.28	6.51	6.81	5.46	7.42	7.81	6.64
Total Other Income / (Expense), net	0.64	0.42	1.67	1.97	2.15	2.19	1.53	2.47	0.76	1.26	0.69
Interest & Investment Income	0.64	0.42	1.67	1.97	2.15	2.19	1.53	2.47	0.76	1.26	0.69
Income Tax Expense	8.87	9.18	19	22	17	22	20	22	13	11	21
Net Income / (Loss) Attributable to Noncontrolling Interest	1.84	2.59	2.78	2.93	2.36	2.67	2.40	2.61	1.73	2.05	2.56
Basic Earnings per Share	$0.96	$1.08	$1.69	$1.80	$1.27	$1.74	$1.71	$1.87	$1.25	$1.28	$1.87
Weighted Average Basic Shares Outstanding	66.78M	66.89M	66.84M	66.79M	66.70M	66.75M	66.49M	66.37M	66.36M	66.32M	65.92M
Diluted Earnings per Share	$0.95	$1.09	$1.69	$1.79	$1.26	$1.73	$1.70	$1.86	$1.25	$1.29	$1.87
Weighted Average Diluted Shares Outstanding	67.01M	67.15M	67.11M	67.04M	66.94M	67.01M	66.71M	66.60M	66.48M	66.51M	66.12M
Weighted Average Basic & Diluted Shares Outstanding	66.78M	66.83M	66.79M	66.68M	66.71M	66.45M	66.34M	66.45M	66.15M	65.93M	65.73M
Cash Dividends to Common per Share	$0.55	$0.55	$0.61	$0.61	$0.61	$0.61	$0.68	$0.68	$0.68	$0.68	$0.75

This table details how cash moves in and out of Texas Roadhouse's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/29/2015	12/27/2016	12/26/2017	12/25/2018	12/31/2019	12/29/2020	12/28/2021	12/27/2022	12/26/2023	12/31/2024	12/30/2025
Net Change in Cash & Equivalents	-27	54	38	59	-102	255	-28	-162	-70	141	-111
Net Cash From Operating Activities	228	257	286	353	374	230	469	512	565	754	730
Net Cash From Continuing Operating Activities	228	257	286	353	374	230	469	512	565	754	725
Net Income / (Loss) Continuing Operations	101	121	138	164	182	35	253	278	314	444	414
Consolidated Net Income / (Loss)	101	121	138	164	182	35	253	278	314	444	414
Depreciation Expense	70	83	93	101	116	118	127	137	153	178	207
Non-Cash Adjustments To Reconcile Net Income	24	29	32	40	47	40	49	49	44	59	58
Changes in Operating Assets and Liabilities, net	33	25	23	47	30	37	40	48	54	72	46
Net Cash From Investing Activities	-173	-165	-178	-158	-215	-161	-195	-264	-367	-337	-483
Net Cash From Continuing Investing Activities	-173	-165	-178	-158	-215	-161	-195	-264	-367	-337	-483
Purchase of Property, Plant & Equipment	-173	-165	-162	-156	-214	-154	-201	-246	-347	-354	-388
Acquisitions	0.00	0.00	-17	-2.17	-1.54	-11	0.00	-33	-39	0.00	-114
Purchase of Investments	-	-	-	-	-	-	-	-	0.00	0.00	-4.18
Sale of Property, Plant & Equipment	0.27	-	0.00	0.00	1.06	1.71	0.00	2.27	2.11	1.44	1.20
Divestitures	-	-	-	-	-	0.00	0.00	0.32	0.63	0.00	2.55
Sale and/or Maturity of Investments	-	-	-	0.00	0.00	2.17	5.59	13	16	16	19
Net Cash From Financing Activities	-82	-39	-70	-136	-262	186	-301	-410	-267	-276	-358
Net Cash From Continuing Financing Activities	-82	-39	-70	-136	-262	186	-301	-410	-267	-276	-358
Repayment of Debt	-0.13	-0.15	-1.03	-50	0.00	-0.64	-0.71	-50	0.00	0.00	-1.53
Repurchase of Common Equity	-11	-4.11	0.00	0.00	-140	-13	-52	-213	-50	-80	-150
Payment of Dividends	-50	-57	-63	-74	-109	-28	-92	-134	-155	-179	-189
Issuance of Debt	-22	25	-	0.00	0.00	240	-140	-	-50	0.00	0.00
Issuance of Common Equity	0.00	0.00	3.46	2.55	0.00	0.13	-	-	0.00	0.00	2.30
Other Financing Activities, net	2.09	-2.93	-9.34	-14	-12	-13	-17	-13	-12	-17	-19
Cash Interest Paid	2.32	1.01	1.22	0.90	0.74	3.89	3.19	1.55	1.12	0.89	0.98
Cash Income Taxes Paid	40	43	50	21	20	3.78	40	26	40	87	75

This table details how cash moves in and out of Texas Roadhouse's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/26/2023	12/26/2023	3/26/2024	6/25/2024	9/24/2024	12/31/2024	4/1/2025	7/1/2025	9/30/2025	12/30/2025	3/31/2026
Net Change in Cash & Equivalents	-38	35	109	-16	-8.25	56	-24	-44	-69	27	80
Net Cash From Operating Activities	103	174	243	134	139	238	238	128	144	220	259
Net Cash From Continuing Operating Activities	103	174	243	134	139	238	238	128	144	215	259
Net Income / (Loss) Continuing Operations	66	75	116	123	87	119	116	127	85	87	126
Consolidated Net Income / (Loss)	66	75	116	123	87	119	116	127	85	87	126
Depreciation Expense	39	40	41	43	45	49	49	51	53	54	57
Non-Cash Adjustments To Reconcile Net Income	11	10	10	13	18	18	17	13	16	11	16
Changes in Operating Assets and Liabilities, net	-13	49	75	-45	-11	52	56	-62	-10	63	61
Net Cash From Investing Activities	-88	-94	-75	-71	-91	-100	-156	-104	-125	-99	-147
Net Cash From Continuing Investing Activities	-88	-94	-75	-71	-91	-100	-156	-104	-125	-99	-147
Purchase of Property, Plant & Equipment	-89	-103	-78	-78	-91	-108	-77	-93	-129	-89	-80
Acquisitions	-	-	0.00	-	-	-	-78	-16	-0.35	-19	-72
Purchase of Investments	-	-	-	-	-	-	0.00	-	-	-	-5.26
Sale of Property, Plant & Equipment	1.80	0.31	0.20	-0.01	-	1.24	0.13	0.01	1.07	-	0.00
Sale and/or Maturity of Investments	-	9.19	2.78	6.35	-	6.87	0.00	2.81	3.50	13	10
Net Cash From Financing Activities	-53	-46	-60	-78	-56	-82	-106	-69	-88	-95	-32
Net Cash From Continuing Financing Activities	-53	-46	-60	-78	-56	-82	-106	-69	-88	-96	-32
Repayment of Debt	-	-	-	-	-	-	0.00	-	-	-	-20
Repurchase of Common Equity	-12	-4.80	-8.94	-26	-9.55	-35	-50	-10	-40	-50	-28
Payment of Dividends	-39	-39	-43	-49	-43	-43	-48	-48	-47	-47	-51
Issuance of Debt	-	-	-	-	-	-	0.00	-	-	-	70
Other Financing Activities, net	-2.23	-2.17	-7.13	-3.30	-3.20	-3.61	-8.66	-9.04	-0.49	-1.30	-2.86
Cash Interest Paid	0.24	0.24	0.24	0.22	0.22	0.22	0.22	0.23	0.24	0.29	0.41
Cash Income Taxes Paid	11	9.54	0.50	35	26	26	1.70	53	6.85	13	2.04

This table presents Texas Roadhouse's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/29/2015	12/27/2016	12/26/2017	12/25/2018	12/31/2019	12/29/2020	12/28/2021	12/27/2022	12/26/2023	12/31/2024	12/30/2025
Total Assets	1,033	1,180	1,331	1,469	1,984	2,325	2,512	2,526	2,793	3,191	3,549
Total Current Assets	134	200	257	345	248	511	564	397	356	517	451
Cash & Equivalents	59	113	151	210	108	363	336	174	104	245	135
Accounts Receivable	45	56	76	92	99	98	161	150	175	193	215
Inventories, net	16	16	16	19	20	22	32	38	38	41	46
Prepaid Expenses	11	12	13	16	18	22	24	30	35	37	43
Current Deferred & Refundable Income Taxes	2.13	2.95	0.00	7.57	2.02	4.50	11	5.10	3.26	0.00	14
Plant, Property, & Equipment, net	751	830	912	957	1,057	1,089	1,162	1,270	1,475	1,618	1,804
Total Noncurrent Assets	148	150	161	168	679	726	786	858	962	1,057	1,294
Goodwill	117	117	121	123	125	127	127	149	170	170	242
Intangible Assets	4.83	3.62	2.70	1.96	1.23	2.27	1.52	5.61	3.48	1.27	18
Other Noncurrent Operating Assets	26	29	38	42	553	597	657	704	789	886	1,034
Total Liabilities & Shareholders' Equity	1,033	1,180	1,331	1,469	1,984	2,325	2,512	2,526	2,793	3,191	3,549
Total Liabilities	356	422	479	509	1,052	1,382	1,438	1,498	1,636	1,817	2,068
Total Current Liabilities	257	280	330	385	417	506	602	652	745	828	909
Accounts Payable	51	51	58	62	62	67	95	106	132	145	163
Accrued Expenses	37	40	203	54	59	58	86	95	102	92	115
Current Deferred Revenue	101	130	-	192	209	233	301	335	374	401	449
Current Deferred & Payable Income Tax Liabilities	0.09	0.00	2.49	-	0.00	2.86	0.09	0.43	0.11	2.99	0.12
Current Employee Benefit Liabilities	36	26	30	34	40	52	65	55	68	102	97
Other Taxes Payable	19	20	22	25	30	25	33	35	43	57	53
Other Current Liabilities	-	-	-	0.00	17	19	22	25	27	28	31
Total Noncurrent Liabilities	99	142	149	123	635	876	836	846	890	989	1,159
Long-Term Debt	26	52	52	-	0.00	190	100	50	-	-	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	6.40	12	5.30	17	23	2.80	12	21	23	8.18	15
Other Noncurrent Operating Liabilities	35	41	50	58	612	683	725	775	867	981	1,144
Total Equity & Noncontrolling Interests	677	758	851	961	931	943	1,073	1,028	1,158	1,374	1,482
Total Preferred & Common Equity	670	750	839	946	916	928	1,058	1,013	1,142	1,358	1,461
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	670	750	839	946	916	928	1,058	1,013	1,142	1,358	1,461
Common Stock	201	220	237	257	141	146	115	13	0.07	0.07	0.07
Retained Earnings	469	531	602	688	776	782	944	999	1,142	1,358	1,461
Accumulated Other Comprehensive Income / (Loss)	-0.11	-0.19	-0.04	-0.23	-0.23	-0.11	-	-	-	-	0.00
Noncontrolling Interest	7.52	8.02	12	15	15	16	15	15	16	15	21

This table presents Texas Roadhouse's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/27/2022	3/28/2023	6/27/2023	9/26/2023	3/26/2024	6/25/2024	9/24/2024	4/1/2025	7/1/2025	9/30/2025	3/31/2026
Total Assets	2,365	2,475	2,515	2,546	2,830	2,862	2,914	3,191	3,255	3,267	3,575
Total Current Assets	277	269	233	181	344	333	307	353	324	249	362
Cash & Equivalents	185	156	107	69	213	197	189	221	177	108	215
Accounts Receivable	38	42	61	49	54	69	52	51	65	61	54
Inventories, net	33	37	38	37	38	41	40	44	46	45	46
Prepaid Expenses	20	34	26	24	39	26	26	37	37	35	44
Current Deferred & Refundable Income Taxes	1.12	0.00	1.40	2.82	0.00	0.00	0.00	-	-	-	3.94
Plant, Property, & Equipment, net	1,237	1,311	1,360	1,425	1,500	1,523	1,574	1,663	1,715	1,788	1,835
Total Noncurrent Assets	850	895	922	940	986	1,005	1,032	1,175	1,216	1,229	1,378
Goodwill	149	170	170	170	170	170	170	219	230	230	275
Intangible Assets	6.30	5.86	4.99	4.20	2.93	2.37	1.68	16	15	13	29
Other Noncurrent Operating Assets	695	720	747	766	814	833	861	940	972	986	1,074
Total Liabilities & Shareholders' Equity	2,365	2,475	2,515	2,546	2,830	2,862	2,914	3,191	3,255	3,267	3,575
Total Liabilities	1,372	1,404	1,417	1,427	1,607	1,584	1,591	1,796	1,789	1,791	2,036
Total Current Liabilities	516	588	572	561	686	644	628	752	714	689	789
Accounts Payable	99	114	121	126	140	137	131	156	147	141	170
Accrued Expenses	85	97	88	96	106	92	101	101	117	119	100
Current Deferred Revenue	182	241	226	201	266	250	227	296	277	249	330
Current Deferred & Payable Income Tax Liabilities	1.39	5.72	1.96	0.60	15	6.07	2.78	26	0.07	0.10	3.00
Current Employee Benefit Liabilities	86	66	67	68	86	85	89	93	92	94	96
Other Taxes Payable	37	38	41	42	46	46	49	51	50	56	58
Other Current Liabilities	25	26	27	27	28	28	28	30	31	30	32
Total Noncurrent Liabilities	857	816	845	866	921	940	963	1,044	1,076	1,102	1,248
Long-Term Debt	75	0.00	0.00	0.00	-	-	-	-	-	-	50
Noncurrent Deferred & Payable Income Tax Liabilities	17	24	22	23	23	18	12	3.40	1.72	9.72	21
Other Noncurrent Operating Liabilities	765	793	822	842	898	922	951	1,040	1,074	1,092	1,177
Total Equity & Noncontrolling Interests	993	1,071	1,098	1,119	1,223	1,278	1,323	1,396	1,466	1,476	1,538
Total Preferred & Common Equity	978	1,055	1,083	1,104	1,207	1,263	1,308	1,380	1,451	1,460	1,517
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	978	1,055	1,083	1,104	1,207	1,263	1,308	1,380	1,451	1,460	1,517
Common Stock	7.20	6.31	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Retained Earnings	970	1,049	1,083	1,104	1,207	1,263	1,308	1,380	1,451	1,460	1,517
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	-	-	-	-0.05
Noncontrolling Interest	15	15	15	15	16	15	15	15	15	15	21

This table displays calculated financial ratios and metrics derived from Texas Roadhouse's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/29/2015	12/27/2016	12/26/2017	12/25/2018	12/31/2019	12/29/2020	12/28/2021	12/27/2022	12/26/2023	12/31/2024	12/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.24%	10.14%	11.49%	10.72%	12.16%	-12.99%	44.44%	15.91%	15.36%	16.01%	9.39%
EBITDA Growth	12.99%	18.95%	9.75%	3.32%	13.34%	-56.74%	199.15%	7.90%	10.88%	36.97%	-1.91%
EBIT Growth	10.82%	18.91%	8.32%	0.85%	12.90%	-88.75%	1,146.40%	7.74%	10.55%	45.91%	-8.09%
NOPAT Growth	11.14%	18.91%	14.03%	18.92%	9.95%	-75.96%	494.25%	7.63%	12.02%	41.21%	-6.50%
Net Income Growth	11.30%	19.07%	14.07%	19.46%	10.48%	-80.76%	625.31%	9.59%	13.00%	41.66%	-6.75%
EPS Growth	11.38%	18.98%	12.88%	19.57%	11.82%	-81.71%	677.78%	13.43%	14.36%	42.51%	-5.72%
Operating Cash Flow Growth	18.90%	12.78%	11.40%	23.22%	6.07%	-38.43%	103.45%	9.15%	10.41%	33.39%	-3.13%
Free Cash Flow Firm Growth	-29.77%	79.59%	25.58%	99.52%	-23.03%	-62.72%	412.55%	-11.89%	-23.85%	125.89%	-47.39%
Invested Capital Growth	11.08%	8.51%	7.89%	0.14%	7.13%	-0.41%	2.19%	7.87%	16.54%	7.14%	19.36%
Revenue Q/Q Growth	2.84%	1.55%	2.80%	2.54%	4.53%	-3.51%	8.03%	2.92%	3.46%	5.36%	0.76%
EBITDA Q/Q Growth	4.83%	0.26%	3.19%	-0.96%	8.42%	-19.14%	12.35%	1.52%	4.08%	10.07%	-5.10%
EBIT Q/Q Growth	4.84%	-1.64%	3.69%	-2.21%	10.53%	-58.06%	17.58%	1.27%	4.40%	11.86%	-8.10%
NOPAT Q/Q Growth	4.71%	-1.75%	6.23%	0.79%	7.85%	-30.30%	15.31%	1.80%	4.62%	10.63%	-7.06%
Net Income Q/Q Growth	4.54%	-1.72%	6.26%	1.04%	7.66%	-40.66%	15.54%	2.60%	4.41%	10.85%	-7.13%
EPS Q/Q Growth	4.58%	-1.21%	5.75%	0.92%	8.37%	-42.31%	15.89%	3.39%	4.61%	10.98%	-6.73%
Operating Cash Flow Q/Q Growth	10.70%	0.33%	0.36%	8.95%	1.36%	-17.21%	8.25%	-0.67%	11.35%	9.17%	-2.29%
Free Cash Flow Firm Q/Q Growth	37.58%	-8.29%	10.26%	19.82%	-14.76%	-25.02%	9.31%	-5.72%	24.67%	16.39%	-7.83%
Invested Capital Q/Q Growth	-2.97%	-2.25%	-2.03%	-5.12%	-0.81%	-1.20%	0.46%	2.43%	0.33%	-0.49%	-1.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.13%	36.73%	21.07%	20.07%	19.91%	30.93%	19.24%	17.94%	17.44%	19.13%	17.50%
EBITDA Margin	11.85%	12.80%	12.60%	11.76%	11.88%	5.91%	12.24%	11.39%	10.95%	12.93%	11.59%
Operating Margin	8.00%	8.64%	8.39%	7.64%	7.69%	0.99%	8.58%	7.98%	7.64%	9.61%	8.08%
EBIT Margin	8.00%	8.64%	8.39%	7.64%	7.69%	0.99%	8.58%	7.98%	7.64%	9.61%	8.08%
Profit (Net Income) Margin	5.60%	6.06%	6.20%	6.69%	6.59%	1.46%	7.31%	6.91%	6.77%	8.27%	7.05%
Tax Burden Percent	70.20%	70.20%	73.90%	87.14%	84.86%	181.40%	86.49%	86.39%	87.54%	84.72%	86.18%
Interest Burden Percent	99.78%	99.92%	99.95%	100.41%	100.89%	80.75%	98.55%	100.35%	101.22%	101.54%	101.27%
Effective Tax Rate	29.80%	29.80%	26.10%	12.87%	15.14%	-81.40%	13.51%	13.61%	12.46%	15.28%	13.82%
Return on Invested Capital (ROIC)	16.30%	17.66%	18.61%	21.31%	22.61%	5.26%	31.01%	31.77%	31.67%	40.11%	33.06%
ROIC Less NNEP Spread (ROIC-NNEP)	17.25%	17.95%	18.71%	20.83%	21.54%	12.47%	33.08%	31.23%	28.34%	36.25%	30.33%
Return on Net Nonoperating Assets (RNNOA)	-0.62%	-0.86%	-1.52%	-3.17%	-3.42%	-1.54%	-5.89%	-5.34%	-2.96%	-5.00%	-4.04%
Return on Equity (ROE)	15.67%	16.80%	17.09%	18.13%	19.19%	3.73%	25.12%	26.42%	28.71%	35.11%	29.02%
Cash Return on Invested Capital (CROIC)	5.80%	9.49%	11.02%	21.17%	15.72%	5.68%	28.85%	24.19%	16.39%	33.22%	15.40%
Operating Return on Assets (OROA)	14.63%	15.54%	14.83%	13.41%	12.28%	1.11%	12.29%	12.71%	13.31%	17.26%	14.09%
Return on Assets (ROA)	10.25%	10.90%	10.96%	11.74%	10.51%	1.62%	10.47%	11.02%	11.79%	14.85%	12.29%
Return on Common Equity (ROCE)	15.50%	16.62%	16.87%	17.86%	18.88%	3.67%	24.74%	26.04%	28.30%	34.68%	28.65%
Return on Equity Simple (ROE_SIMPLE)	15.12%	16.07%	16.39%	17.38%	19.82%	3.77%	23.94%	27.41%	27.48%	32.71%	0.00%
Net Operating Profit after Tax (NOPAT)	101	121	138	164	180	43	257	277	310	438	409
NOPAT Margin	5.62%	6.06%	6.20%	6.66%	6.53%	1.80%	7.42%	6.89%	6.69%	8.14%	6.96%
Net Nonoperating Expense Percent (NNEP)	-0.96%	-0.29%	-0.10%	0.48%	1.07%	-7.21%	-2.07%	0.54%	3.33%	3.86%	2.73%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	25.67%	26.77%	31.85%	27.61%
Cost of Revenue to Revenue	79.87%	63.27%	78.93%	79.93%	80.09%	69.07%	80.76%	82.06%	82.56%	80.87%	82.50%
SG&A Expenses to Revenue	5.11%	20.90%	5.56%	5.54%	5.42%	21.82%	4.55%	4.30%	4.28%	4.16%	3.87%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.13%	28.10%	12.68%	12.43%	12.22%	29.93%	10.66%	9.97%	9.80%	9.52%	9.43%
Earnings before Interest and Taxes (EBIT)	145	172	186	188	212	24	297	320	354	517	475
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	214	255	280	289	328	142	424	457	507	695	681
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.28	4.11	4.11	3.92	3.98	5.55	5.61	6.01	7.10	8.86	7.58
Price to Tangible Book Value (P/TBV)	4.00	4.89	4.83	4.52	4.61	6.45	6.39	7.09	8.37	10.14	9.22
Price to Revenue (P/Rev)	1.21	1.55	1.56	1.51	1.32	2.15	1.71	1.52	1.75	2.24	1.88
Price to Earnings (P/E)	22.64	26.67	26.25	23.43	20.88	164.79	24.20	22.55	26.59	27.76	27.30
Dividend Yield	2.17%	1.74%	1.73%	1.93%	2.76%	1.70%	1.41%	2.02%	1.81%	1.35%	1.99%
Earnings Yield	4.42%	3.75%	3.81%	4.27%	4.79%	0.61%	4.13%	4.43%	3.76%	3.60%	3.66%
Enterprise Value to Invested Capital (EV/IC)	3.31	4.26	4.39	4.57	4.31	6.15	6.82	6.61	7.61	10.46	8.14
Enterprise Value to Revenue (EV/Rev)	1.20	1.52	1.52	1.43	1.29	2.10	1.65	1.49	1.73	2.20	1.86
Enterprise Value to EBITDA (EV/EBITDA)	10.12	11.89	12.03	12.15	10.84	35.58	13.48	13.07	15.81	17.00	16.08
Enterprise Value to EBIT (EV/EBIT)	14.99	17.63	18.08	18.70	16.74	211.50	19.23	18.67	22.65	22.86	23.08
Enterprise Value to NOPAT (EV/NOPAT)	21.36	25.11	24.46	21.46	19.73	116.59	22.24	21.60	25.87	26.98	26.78
Enterprise Value to Operating Cash Flow (EV/OCF)	9.51	11.79	11.75	9.95	9.48	21.88	12.19	11.68	14.19	15.67	15.01
Enterprise Value to Free Cash Flow (EV/FCFF)	60.00	46.71	41.32	21.61	28.37	108.11	23.90	28.37	49.98	32.58	57.48
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.04	0.07	0.06	0.00	0.00	0.25	0.09	0.05	0.00	0.00	0.00
Long-Term Debt to Equity	0.04	0.07	0.06	0.00	0.00	0.20	0.09	0.05	0.00	0.00	0.00
Financial Leverage	-0.04	-0.05	-0.08	-0.15	-0.16	-0.12	-0.18	-0.17	-0.10	-0.14	-0.13
Leverage Ratio	1.53	1.54	1.56	1.55	1.83	2.30	2.40	2.40	2.43	2.36	2.36
Compound Leverage Factor	1.53	1.54	1.56	1.55	1.84	1.86	2.36	2.41	2.46	2.40	2.39
Debt to Total Capital	3.66%	6.48%	5.75%	0.00%	0.00%	20.29%	8.52%	4.64%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.02%	0.02%	0.00%	0.00%	0.00%	4.23%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	3.64%	6.46%	5.75%	0.00%	0.00%	16.06%	8.52%	4.64%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.07%	0.99%	1.36%	1.58%	1.63%	1.31%	1.31%	1.39%	1.37%	1.12%	1.41%
Common Equity to Total Capital	95.27%	92.53%	92.88%	98.42%	98.37%	78.40%	90.17%	93.97%	98.63%	98.88%	98.59%
Debt to EBITDA	0.12	0.21	0.19	0.00	0.00	1.69	0.24	0.11	0.00	0.00	0.00
Net Debt to EBITDA	-0.16	-0.24	-0.35	0.00	0.00	-0.87	-0.56	-0.27	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.12	0.21	0.19	0.00	0.00	1.34	0.24	0.11	0.00	0.00	0.00
Debt to NOPAT	0.25	0.44	0.38	0.00	0.00	5.55	0.39	0.18	0.00	0.00	0.00
Net Debt to NOPAT	-0.33	-0.50	-0.72	0.00	0.00	-2.85	-0.92	-0.45	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.25	0.43	0.38	0.00	0.00	4.39	0.39	0.18	0.00	0.00	0.00
Altman Z-Score	6.41	7.10	7.02	7.09	4.26	3.77	4.75	4.88	5.45	6.67	5.73
Noncontrolling Interest Sharing Ratio	1.13%	1.08%	1.26%	1.51%	1.60%	1.64%	1.53%	1.45%	1.41%	1.23%	1.27%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.52	0.72	0.78	0.90	0.59	1.01	0.94	0.61	0.48	0.62	0.50
Quick Ratio	0.41	0.60	0.69	0.78	0.50	0.91	0.83	0.50	0.38	0.53	0.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	36	65	81	163	125	47	239	211	160	362	191
Operating Cash Flow to CapEx	131.60%	156.04%	177.18%	226.23%	175.49%	150.92%	233.60%	209.85%	163.80%	213.55%	188.75%
Free Cash Flow to Firm to Interest Expense	18.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	116.36	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	27.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.83	1.80	1.77	1.76	1.60	1.11	1.43	1.59	1.74	1.80	1.74
Accounts Receivable Turnover	45.50	39.21	33.47	29.15	28.80	24.26	26.67	25.77	28.44	29.15	28.84
Inventory Turnover	96.59	79.41	108.16	111.81	112.93	77.71	103.69	94.65	100.19	109.91	112.36
Fixed Asset Turnover	2.58	2.52	2.55	2.63	2.74	2.24	3.08	3.30	3.37	3.48	3.44
Accounts Payable Turnover	30.52	24.75	32.33	32.83	35.69	25.75	34.49	32.81	32.24	31.44	31.47
Days Sales Outstanding (DSO)	8.02	9.31	10.90	12.52	12.67	15.05	13.69	14.16	12.83	12.52	12.66
Days Inventory Outstanding (DIO)	3.78	4.60	3.37	3.26	3.23	4.70	3.52	3.86	3.64	3.32	3.25
Days Payable Outstanding (DPO)	11.96	14.75	11.29	11.12	10.23	14.17	10.58	11.12	11.32	11.61	11.60
Cash Conversion Cycle (CCC)	-0.16	-0.84	2.99	4.67	5.68	5.57	6.62	6.90	5.16	4.23	4.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	655	711	767	768	823	820	838	904	1,053	1,128	1,347
Invested Capital Turnover	2.90	2.91	3.00	3.20	3.46	2.92	4.18	4.61	4.73	4.93	4.75
Increase / (Decrease) in Invested Capital	65	56	56	1.09	55	-3.39	18	66	149	75	218
Enterprise Value (EV)	2,167	3,030	3,366	3,512	3,550	5,043	5,715	5,977	8,018	11,807	10,959
Market Capitalization	2,194	3,083	3,453	3,707	3,642	5,151	5,936	6,085	8,106	12,037	11,073
Book Value per Share	$9.55	$10.64	$11.80	$13.22	$13.20	$13.35	$15.19	$15.13	$17.10	$20.36	$22.08
Tangible Book Value per Share	$7.82	$8.93	$10.06	$11.47	$11.38	$11.49	$13.35	$12.83	$14.50	$17.80	$18.15
Total Capital	703	811	903	961	931	1,183	1,173	1,078	1,158	1,374	1,482
Total Debt	26	53	52	0.00	0.00	240	100	50	0.00	0.00	0.00
Total Long-Term Debt	26	52	52	0.00	0.00	190	100	50	0.00	0.00	0.00
Net Debt	-34	-60	-99	-210	-108	-123	-236	-124	-104	-245	-135
Capital Expenditures (CapEx)	173	165	162	156	213	153	201	244	345	353	387
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-182	-192	-224	-250	-277	-309	-374	-429	-493	-557	-592
Debt-free Net Working Capital (DFNWC)	-123	-79	-73	-40	-169	54	-39	-255	-389	-312	-457
Net Working Capital (NWC)	-123	-79	-73	-40	-169	4.33	-39	-255	-389	-312	-457
Net Nonoperating Expense (NNE)	0.22	0.10	0.07	-0.66	-1.61	8.33	3.72	-0.96	-3.79	-6.75	-5.18
Net Nonoperating Obligations (NNO)	-22	-47	-84	-192	-108	-123	-236	-124	-104	-245	-135
Total Depreciation and Amortization (D&A)	70	83	93	101	116	118	127	137	153	178	207
Debt-free, Cash-free Net Working Capital to Revenue	-10.07%	-9.65%	-10.08%	-10.18%	-10.06%	-12.88%	-10.80%	-10.69%	-10.65%	-10.36%	-10.07%
Debt-free Net Working Capital to Revenue	-6.79%	-3.97%	-3.29%	-1.63%	-6.14%	2.27%	-1.11%	-6.36%	-8.40%	-5.80%	-7.78%
Net Working Capital to Revenue	-6.80%	-3.98%	-3.29%	-1.63%	-6.14%	0.18%	-1.11%	-6.36%	-8.40%	-5.80%	-7.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.38	$1.64	$1.85	$2.21	$2.47	$0.45	$3.52	$3.99	$4.56	$6.50	$6.11
Adjusted Weighted Average Basic Shares Outstanding	70.03M	70.40M	70.99M	71.47M	70.51M	69.44M	69.71M	67.64M	66.89M	66.75M	66.32M
Adjusted Diluted Earnings per Share	$1.37	$1.63	$1.84	$2.20	$2.46	$0.45	$3.50	$3.97	$4.54	$6.47	$6.10
Adjusted Weighted Average Diluted Shares Outstanding	70.75M	71.05M	71.53M	71.96M	70.92M	69.89M	70.10M	67.92M	67.15M	67.01M	66.51M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	70.09M	70.73M	71.36M	71.69M	69.41M	69.62M	69.12M	67.02M	66.83M	66.45M	65.93M
Normalized Net Operating Profit after Tax (NOPAT)	116	135	152	180	196	32	279	297	336	462	433
Normalized NOPAT Margin	6.40%	6.76%	6.86%	7.34%	7.12%	1.35%	8.05%	7.40%	7.25%	8.61%	7.37%
Pre Tax Income Margin	7.98%	8.63%	8.39%	7.67%	7.76%	0.80%	8.46%	8.00%	7.74%	9.76%	8.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	73.80	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	51.80	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-14.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-36.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	49.46%	46.89%	46.04%	45.30%	60.31%	81.38%	36.26%	48.14%	49.46%	40.17%	45.63%
Augmented Payout Ratio	60.72%	50.30%	46.04%	45.30%	137.35%	117.51%	56.65%	124.82%	65.40%	58.18%	81.94%

This table displays calculated financial ratios and metrics derived from Texas Roadhouse's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/26/2023	12/26/2023	3/26/2024	6/25/2024	9/24/2024	12/31/2024	4/1/2025	7/1/2025	9/30/2025	12/30/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	65,925,145.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	65,925,145.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.87
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.93%	15.34%	12.51%	14.51%	13.48%	23.49%	9.57%	12.74%	12.83%	3.07%	12.82%
EBITDA Growth	3.63%	19.07%	27.30%	39.83%	29.69%	51.19%	5.10%	6.11%	2.08%	-19.49%	10.71%
EBIT Growth	-1.90%	21.67%	31.88%	49.68%	38.13%	65.39%	1.21%	2.47%	-4.97%	-30.19%	8.62%
NOPAT Growth	1.86%	22.46%	31.84%	45.73%	30.61%	56.30%	0.18%	2.63%	-0.88%	-26.65%	9.28%
Net Income Growth	2.60%	21.46%	30.91%	45.78%	32.23%	57.96%	0.06%	2.94%	-2.16%	-26.85%	8.56%
EPS Growth	2.15%	22.47%	32.03%	46.72%	32.63%	58.72%	0.59%	3.91%	-0.79%	-25.43%	10.00%
Operating Cash Flow Growth	6.38%	49.35%	28.82%	34.92%	35.35%	36.33%	-2.34%	-4.23%	3.52%	-7.19%	8.98%
Free Cash Flow Firm Growth	-756.79%	-1,393.38%	207.20%	154.38%	100.77%	155.38%	-359.62%	-363.61%	-19,094.68%	-420.82%	-47.86%
Invested Capital Growth	18.99%	16.54%	10.42%	9.01%	8.02%	7.14%	16.32%	19.36%	20.58%	19.36%	16.97%
Revenue Q/Q Growth	-4.22%	3.80%	13.47%	1.51%	-5.09%	12.95%	0.68%	4.45%	-5.01%	3.18%	10.20%
EBITDA Q/Q Growth	-14.94%	9.94%	40.58%	6.36%	-21.10%	28.16%	-2.27%	7.38%	-24.11%	1.08%	34.39%
EBIT Q/Q Growth	-22.59%	13.42%	58.92%	7.28%	-28.56%	35.80%	-2.76%	8.62%	-33.75%	-0.24%	51.31%
NOPAT Q/Q Growth	-21.90%	14.72%	53.47%	5.97%	-30.00%	37.28%	-1.63%	8.57%	-32.39%	1.58%	46.55%
Net Income Q/Q Growth	-22.27%	14.32%	54.61%	6.11%	-29.50%	36.57%	-2.06%	9.16%	-32.99%	2.10%	45.35%
EPS Q/Q Growth	-22.13%	14.74%	55.05%	5.92%	-29.61%	37.30%	-1.73%	9.41%	-32.80%	3.20%	44.96%
Operating Cash Flow Q/Q Growth	3.28%	69.99%	39.71%	-44.99%	3.61%	71.21%	0.08%	-46.06%	11.99%	53.50%	17.52%
Free Cash Flow Firm Q/Q Growth	-73.62%	26.98%	125.75%	66.58%	-97.55%	5,176.14%	-220.72%	-69.13%	-76.32%	10.89%	44.36%
Invested Capital Q/Q Growth	5.95%	0.33%	-4.14%	6.99%	4.98%	-0.49%	4.07%	9.79%	6.05%	-1.50%	1.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.72%	17.39%	19.30%	20.14%	18.06%	18.97%	18.59%	19.08%	16.33%	15.98%	18.10%
EBITDA Margin	10.07%	10.67%	13.22%	13.85%	11.51%	13.06%	12.68%	13.03%	10.41%	10.20%	12.44%
Operating Margin	6.58%	7.19%	10.08%	10.65%	8.01%	9.64%	9.31%	9.68%	6.75%	6.53%	8.96%
EBIT Margin	6.58%	7.19%	10.08%	10.65%	8.01%	9.64%	9.31%	9.68%	6.75%	6.53%	8.96%
Profit (Net Income) Margin	5.85%	6.44%	8.78%	9.18%	6.82%	8.24%	8.02%	8.38%	5.91%	5.85%	7.71%
Tax Burden Percent	88.09%	89.10%	86.05%	85.01%	83.30%	84.20%	85.18%	85.14%	86.89%	88.48%	85.69%
Interest Burden Percent	100.86%	100.51%	101.25%	101.38%	102.11%	101.58%	101.13%	101.69%	100.79%	101.30%	100.47%
Effective Tax Rate	11.91%	10.90%	13.95%	14.99%	16.70%	15.80%	14.82%	14.86%	13.11%	11.52%	14.31%
Return on Invested Capital (ROIC)	26.88%	30.34%	43.07%	43.25%	31.18%	39.96%	39.92%	39.44%	27.36%	27.42%	36.54%
ROIC Less NNEP Spread (ROIC-NNEP)	26.26%	30.01%	42.29%	42.16%	29.79%	38.91%	39.32%	38.31%	26.91%	26.83%	36.24%
Return on Net Nonoperating Assets (RNNOA)	-2.23%	-3.13%	-6.81%	-5.41%	-3.15%	-5.37%	-6.53%	-5.23%	-2.86%	-3.57%	-4.76%
Return on Equity (ROE)	24.65%	27.21%	36.25%	37.85%	28.02%	34.59%	33.40%	34.21%	24.50%	23.85%	31.78%
Cash Return on Invested Capital (CROIC)	13.32%	16.39%	25.18%	27.65%	28.51%	33.22%	25.00%	19.56%	16.54%	15.40%	17.30%
Operating Return on Assets (OROA)	12.00%	12.53%	18.15%	19.60%	14.97%	17.30%	17.00%	17.94%	12.74%	11.38%	16.06%
Return on Assets (ROA)	10.67%	11.22%	15.81%	16.89%	12.73%	14.80%	14.64%	15.53%	11.16%	10.20%	13.83%
Return on Common Equity (ROCE)	24.29%	26.83%	35.76%	37.36%	27.68%	34.17%	33.00%	33.83%	24.23%	23.55%	31.38%
Return on Equity Simple (ROE_SIMPLE)	27.21%	0.00%	28.25%	30.07%	30.64%	0.00%	32.20%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	65	75	115	121	85	117	115	125	84	86	125
NOPAT Margin	5.80%	6.41%	8.67%	9.05%	6.68%	8.11%	7.93%	8.24%	5.86%	5.77%	7.68%
Net Nonoperating Expense Percent (NNEP)	0.62%	0.33%	0.78%	1.10%	1.39%	1.05%	0.60%	1.12%	0.45%	0.59%	0.31%
Return On Investment Capital (ROIC_SIMPLE)	-	6.45%	-	-	-	8.49%	8.22%	8.50%	5.71%	5.78%	7.90%
Cost of Revenue to Revenue	83.28%	82.61%	80.70%	79.86%	81.94%	81.03%	81.41%	80.92%	83.67%	84.02%	81.90%
SG&A Expenses to Revenue	4.25%	4.28%	3.98%	4.34%	4.33%	3.99%	3.88%	4.15%	3.79%	3.64%	3.74%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.13%	10.19%	9.22%	9.49%	10.05%	9.34%	9.28%	9.40%	9.58%	9.45%	9.14%
Earnings before Interest and Taxes (EBIT)	74	84	133	143	102	139	135	146	97	97	146
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	113	124	175	186	147	188	184	197	150	151	203
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.63	7.10	8.39	9.08	8.95	8.86	8.13	8.65	7.56	7.58	7.18
Price to Tangible Book Value (P/TBV)	6.68	8.37	9.79	10.51	10.30	10.14	9.80	10.41	9.07	9.22	8.97
Price to Revenue (P/Rev)	1.39	1.75	2.12	2.32	2.30	2.24	2.04	2.21	1.89	1.88	1.80
Price to Earnings (P/E)	21.27	26.59	30.54	31.02	30.00	27.76	25.86	28.66	25.28	27.30	26.21
Dividend Yield	2.27%	1.81%	1.49%	1.35%	1.36%	1.35%	1.49%	1.69%	1.59%	1.99%	1.69%
Earnings Yield	4.70%	3.76%	3.27%	3.22%	3.33%	3.60%	3.87%	3.49%	3.96%	3.66%	3.81%
Enterprise Value to Invested Capital (EV/IC)	5.87	7.61	9.84	10.44	10.17	10.46	9.38	9.61	8.01	8.14	7.82
Enterprise Value to Revenue (EV/Rev)	1.38	1.73	2.08	2.28	2.26	2.20	2.00	2.19	1.88	1.86	1.77
Enterprise Value to EBITDA (EV/EBITDA)	12.65	15.81	18.24	18.88	18.27	17.00	15.66	17.33	15.25	16.08	15.33
Enterprise Value to EBIT (EV/EBIT)	18.17	22.65	25.72	26.02	24.98	22.86	21.27	23.76	21.19	23.08	22.09
Enterprise Value to NOPAT (EV/NOPAT)	20.80	25.87	29.42	30.04	29.16	26.98	25.17	28.10	24.87	26.78	25.59
Enterprise Value to Operating Cash Flow (EV/OCF)	12.14	14.19	16.03	17.25	16.71	15.67	14.73	16.69	14.65	15.01	14.30
Enterprise Value to Free Cash Flow (EV/FCFF)	47.89	49.98	40.99	39.40	37.04	32.58	40.36	53.46	52.93	57.48	48.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03
Financial Leverage	-0.09	-0.10	-0.16	-0.13	-0.11	-0.14	-0.17	-0.14	-0.11	-0.13	-0.13
Leverage Ratio	2.33	2.43	2.31	2.26	2.24	2.36	2.30	2.23	2.21	2.36	2.31
Compound Leverage Factor	2.35	2.45	2.34	2.29	2.28	2.40	2.33	2.27	2.23	2.39	2.32
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.15%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.15%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.36%	1.37%	1.30%	1.18%	1.13%	1.12%	1.11%	1.05%	1.03%	1.41%	1.35%
Common Equity to Total Capital	98.64%	98.63%	98.70%	98.82%	98.87%	98.88%	98.89%	98.95%	98.97%	98.59%	95.50%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.07
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.23
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.07
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.12
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.39
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.12
Altman Z-Score	4.90	5.14	6.08	6.72	6.78	6.28	6.07	6.58	6.05	5.38	5.49
Noncontrolling Interest Sharing Ratio	1.43%	1.41%	1.36%	1.28%	1.24%	1.23%	1.20%	1.11%	1.08%	1.27%	1.26%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.32	0.48	0.50	0.52	0.49	0.62	0.47	0.45	0.36	0.50	0.46
Quick Ratio	0.21	0.38	0.39	0.41	0.38	0.53	0.36	0.34	0.25	0.38	0.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-102	-75	19	32	0.79	41	-50	-85	-149	-133	-74
Operating Cash Flow to CapEx	117.13%	169.45%	314.24%	172.09%	152.36%	222.92%	307.71%	138.61%	112.35%	247.19%	323.18%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.82	1.74	1.80	1.84	1.87	1.80	1.83	1.85	1.89	1.74	1.79
Accounts Receivable Turnover	103.19	28.44	100.14	76.64	100.68	29.15	105.00	84.88	102.83	28.84	115.90
Inventory Turnover	106.54	100.19	104.42	101.70	108.39	109.91	108.30	106.07	111.79	112.36	111.31
Fixed Asset Turnover	3.36	3.37	3.40	3.43	3.40	3.48	3.48	3.50	3.47	3.44	3.47
Accounts Payable Turnover	32.92	32.24	30.90	31.34	32.23	31.44	30.11	32.50	35.03	31.47	30.75
Days Sales Outstanding (DSO)	3.54	12.83	3.64	4.76	3.63	12.52	3.48	4.30	3.55	12.66	3.15
Days Inventory Outstanding (DIO)	3.43	3.64	3.50	3.59	3.37	3.32	3.37	3.44	3.26	3.25	3.28
Days Payable Outstanding (DPO)	11.09	11.32	11.81	11.65	11.33	11.61	12.12	11.23	10.42	11.60	11.87
Cash Conversion Cycle (CCC)	-4.12	5.16	-4.67	-3.30	-4.33	4.23	-5.28	-3.49	-3.61	4.31	-5.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,050	1,053	1,010	1,080	1,134	1,128	1,174	1,289	1,367	1,347	1,374
Invested Capital Turnover	4.63	4.73	4.97	4.78	4.67	4.93	5.04	4.79	4.66	4.75	4.76
Increase / (Decrease) in Invested Capital	168	149	95	89	84	75	165	209	233	218	199
Enterprise Value (EV)	6,162	8,018	9,932	11,283	11,533	11,807	11,019	12,392	10,948	10,959	10,744
Market Capitalization	6,216	8,106	10,129	11,465	11,707	12,037	11,225	12,553	11,041	11,073	10,887
Book Value per Share	$16.54	$17.10	$18.06	$18.90	$19.62	$20.36	$20.77	$21.87	$21.98	$22.08	$23.01
Tangible Book Value per Share	$13.93	$14.50	$15.48	$16.33	$17.05	$17.80	$17.23	$18.18	$18.31	$18.15	$18.40
Total Capital	1,119	1,158	1,223	1,278	1,323	1,374	1,396	1,466	1,476	1,482	1,588
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	50
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	50
Net Debt	-69	-104	-213	-197	-189	-245	-221	-177	-108	-135	-165
Capital Expenditures (CapEx)	88	103	77	78	91	107	77	93	128	89	80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-449	-493	-555	-508	-509	-557	-620	-566	-548	-592	-641
Debt-free Net Working Capital (DFNWC)	-380	-389	-342	-311	-320	-312	-399	-389	-439	-457	-426
Net Working Capital (NWC)	-380	-389	-342	-311	-320	-312	-399	-389	-439	-457	-426
Net Nonoperating Expense (NNE)	-0.56	-0.38	-1.43	-1.67	-1.79	-1.84	-1.30	-2.10	-0.66	-1.11	-0.59
Net Nonoperating Obligations (NNO)	-69	-104	-213	-197	-189	-245	-221	-177	-108	-135	-165
Total Depreciation and Amortization (D&A)	39	40	41	43	45	49	49	51	53	54	57
Debt-free, Cash-free Net Working Capital to Revenue	-10.04%	-10.65%	-11.62%	-10.28%	-9.99%	-10.36%	-11.27%	-9.98%	-9.39%	-10.07%	-10.57%
Debt-free Net Working Capital to Revenue	-8.49%	-8.40%	-7.16%	-6.29%	-6.28%	-5.80%	-7.25%	-6.86%	-7.53%	-7.78%	-7.03%
Net Working Capital to Revenue	-8.49%	-8.40%	-7.16%	-6.29%	-6.28%	-5.80%	-7.25%	-6.86%	-7.53%	-7.78%	-7.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.96	$1.08	$1.69	$1.80	$1.27	$1.74	$1.71	$1.87	$1.25	$1.28	$1.87
Adjusted Weighted Average Basic Shares Outstanding	66.78M	66.89M	66.84M	66.79M	66.70M	66.75M	66.49M	66.37M	66.36M	66.32M	65.92M
Adjusted Diluted Earnings per Share	$0.95	$1.09	$1.69	$1.79	$1.26	$1.73	$1.70	$1.86	$1.25	$1.29	$1.87
Adjusted Weighted Average Diluted Shares Outstanding	67.01M	67.15M	67.11M	67.04M	66.94M	67.01M	66.71M	66.60M	66.48M	66.51M	66.12M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	66.78M	66.83M	66.79M	66.68M	66.71M	66.45M	66.34M	66.45M	66.15M	65.93M	65.73M
Normalized Net Operating Profit after Tax (NOPAT)	73	83	122	127	92	122	121	129	91	93	131
Normalized NOPAT Margin	6.48%	7.15%	9.21%	9.45%	7.21%	8.50%	8.33%	8.55%	6.32%	6.24%	8.03%
Pre Tax Income Margin	6.64%	7.23%	10.20%	10.80%	8.18%	9.79%	9.41%	9.84%	6.80%	6.61%	9.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	49.66%	49.46%	46.86%	44.70%	43.48%	40.17%	41.07%	40.47%	41.52%	45.63%	45.49%
Augmented Payout Ratio	64.70%	65.40%	61.32%	58.42%	55.83%	58.18%	68.35%	63.97%	71.94%	81.94%	75.77%

Financials Breakdown Chart

Key Financial Trends

Texas Roadhouse (TXRH) four-year, quarterly snapshot shows a generally expanding top line with solid cash generation and ongoing shareholder returns. Below are the key trends drawn from the quarterly income statements, cash flow statements, and balance sheets for 2022 through 2025.

Revenue growth: Revenue rose from about $1.01B in 2022 Q4 to about $1.48B in 2025 Q4, indicating ongoing top-line expansion.
Gross margin persists in the mid-teens: Gross margin has generally hovered in the mid-teens (roughly 14%–18%), with 2025 Q4 around 16%, suggesting persistent gross profitability despite quarter-to-quarter fluctuations.
Operating profitability peaked in 2024: Operating income margin was strongest in 2024 (roughly 9% of revenue), signaling effective cost control during that period.
Net income to common rose through 2022–2024: Net income attributable to common shareholders climbed from roughly the mid‑70s million in 2022 to about $115.8M in 2024 Q4, showing improving bottom-line profitability before a moderation in 2025 Q4.
Strong cash flow from operations: Net cash from continuing operating activities remained robust, generally in the $215M–$238M range in the latest quarters, indicating healthy cash generation.
Reliable shareholder returns: The quarterly cash dividend per share held steady at $0.68 in 2025, and the company continued share repurchases, supporting per-share metrics.
Share repurchases in 2025: The company executed ongoing share buybacks (alongside dividends), which can help support earnings per share and capital returns over time.

Earnings-per-share (EPS) volatility: Quarterly EPS figures show swings—Basic EPS ranged from about $0.93 in 2023 Q3 to as high as $1.87 in 2025 Q2—highlighting quarterly variability rather than a smooth upward trajectory.
Debt and leverage: The balance sheet consistently shows minimal or no long‑term debt, with leverage largely driven by working capital needs and buyback activity. This keeps interest expense low but may reflect limited use of leverage for growth opportunities.

2025 margin compression: Margins moderated in 2025 relative to 2024, with gross and operating margins carrying less cushion as costs rose, pointing to a tighter profitability environment in the latest year.
Cash outflows tied to investing and financing: Capital expenditures and ongoing financing activity (including share repurchases and dividends) produced sizable cash outflows in several quarters, potentially stressing near-term liquidity if cash generation slows.

05/14/26 12:01 AM ETAI Generated. May Contain Errors.

Texas Roadhouse Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Texas Roadhouse's financial year ends in December. Their financial year 2025 ended on December 30, 2025.

Texas Roadhouse's net income appears to be on an upward trend, with a most recent value of $414.34 million in 2025, rising from $101.26 million in 2015. The previous period was $444.35 million in 2024. View Texas Roadhouse's forecast to see where analysts expect Texas Roadhouse to go next.

Texas Roadhouse's total operating income in 2025 was $474.74 million, based on the following breakdown:

Total Gross Profit: $1.03 billion
Total Operating Expenses: $554.14 million

Over the last 10 years, Texas Roadhouse's total revenue changed from $1.81 billion in 2015 to $5.88 billion in 2025, a change of 225.2%.

Texas Roadhouse's total liabilities were at $2.07 billion at the end of 2025, a 13.8% increase from 2024, and a 481.6% increase since 2015.

In the past 10 years, Texas Roadhouse's cash and equivalents has ranged from $59.33 million in 2015 to $363.16 million in 2020, and is currently $134.71 million as of their latest financial filing in 2025.

Over the last 10 years, Texas Roadhouse's book value per share changed from 9.55 in 2015 to 22.08 in 2025, a change of 131.3%.

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Financial statements for NASDAQ:TXRH last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Texas Roadhouse (TXRH) Financials

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