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TXRH

Texas Roadhouse, Inc.

TXRH

Texas Roadhouse, Inc. • NASDAQ
$175.25 ▼ -0.83% (-1.46)
Market Cap $11.65 B
52w High $205.11
52w Low $148.73
Dividend Yield 2.65%
P/E 26.76
Volume 283.63K
Outstanding Shares 66.45M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.436B ▼ $114.563M ▼ $83.172M ▼ 5.791% ▼ $1.25 ▼ $150.34M ▼
Q2-2025 $1.512B ▲ $119.082M ▲ $124.085M ▲ 8.206% ▲ $1.87 ▲ $197.196M ▲
Q1-2025 $1.448B ▲ $111.857M ▼ $113.662M ▼ 7.851% ▼ $1.71 ▼ $183.561M ▼
Q4-2024 $1.438B ▲ $113.231M ▲ $115.833M ▲ 8.056% ▲ $1.74 ▲ $187.882M ▲
Q3-2024 $1.273B $107.767M $84.412M 6.631% $1.27 $147.377M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $108.172M ▼ $3.267B ▲ $1.791B ▲ $1.46B ▲
Q2-2025 $176.801M ▼ $3.255B ▲ $1.789B ▼ $1.451B ▲
Q1-2025 $221.085M ▼ $3.191B ▲ $1.796B ▼ $1.38B ▲
Q4-2024 $245.225M ▲ $3.191B ▲ $1.817B ▲ $1.358B ▲
Q3-2024 $189.205M $2.914B $1.591B $1.308B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $126.693M ▲ $128.24M ▼ $-103.97M ▲ $-68.554M ▲ $-44.284M ▼ $35.717M ▼
Q1-2025 $116.059M ▼ $237.74M ▲ $-155.557M ▼ $-106.323M ▼ $-24.14M ▼ $160.351M ▲
Q4-2024 $118.506M ▲ $237.54M ▲ $-99.685M ▼ $-81.835M ▼ $56.02M ▲ $129.738M ▲
Q3-2024 $86.774M ▼ $138.742M ▲ $-91.061M ▼ $-55.93M ▲ $-8.249M ▲ $47.681M ▼
Q2-2024 $123.075M $133.908M $-71.463M $-78.419M $-15.974M $56.102M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Food and Beverage
Food and Beverage
 $0 ▲$1.44Bn ▲$1.50Bn ▲$1.43Bn ▼
Franchise fees
Franchise fees
 $0 ▲$0 ▲$0 ▲$0 ▲
Franchise royalties
Franchise royalties
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Texas Roadhouse shows a clear story of steady growth and improving profitability over the past several years. Sales have climbed each year since the pandemic, and profits have grown even faster than sales, which suggests better cost control and strong customer demand. Margins have widened meaningfully from 2020 levels, indicating that the business not only bounced back but is operating more efficiently than before. The company appears to be managing menu pricing and traffic well enough to offset pressures from food and labor costs. Overall, the income statement reflects a mature, scaled restaurant operator that is expanding while keeping profitability healthy and trending upward.

Balance Sheet

Balance Sheet The balance sheet looks solid and relatively conservative for a restaurant chain. Total assets have grown over time, which aligns with ongoing restaurant expansion. Debt is present but does not appear excessive relative to the size and earnings power of the business, and it has stayed broadly stable rather than surging. Equity has been increasing steadily, showing that the company is building net worth over time rather than relying heavily on borrowing. Cash levels move around from year to year, as is common for a growing operator that is opening new locations, but there is no obvious sign of financial strain. In simple terms, the company seems to be funding growth in a balanced way while strengthening its underlying financial position.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has been consistently strong and has grown along with profits. Even after significant spending on new restaurants and remodels, the company has regularly produced positive free cash flow, and that free cash flow has generally improved over the period shown. Capital spending has risen, which indicates a deliberate push to grow the footprint and invest in the brand and operations rather than simply harvesting cash. The pattern suggests a business that throws off enough cash to both fund expansion and still have a meaningful cushion left over, which is a positive sign for durability, provided new investments keep earning attractive returns.

Competitive Edge

Competitive Edge Texas Roadhouse occupies a strong niche in casual dining, built around a clear value proposition: hearty portions, made‑from‑scratch food, and an energetic, family‑friendly atmosphere. Its focus on hand‑cut steaks, in‑house butchers, signature bread and peanuts, and a lively environment helps it stand out in a crowded field of chain restaurants. The brand has cultivated loyal repeat customers, and its stores tend to be busy, which reinforces its scale advantages in purchasing and marketing. Operational discipline—such as careful site selection and relatively few closures—adds to its strength. Key risks to its position include intense competition across casual dining, shifting consumer preferences, and sensitivity to food and labor cost inflation, especially beef.

Innovation and R&D

Innovation and R&D While not a traditional tech or R&D story, Texas Roadhouse is steadily innovating in ways that matter for a restaurant operator. It has rolled out digital kitchen systems to improve speed and accuracy, upgraded guest management tools to handle waitlists and seating more efficiently, and expanded its mobile and digital engagement, including partnerships to personalize offers. New restaurant designs include larger, dedicated to‑go areas, recognizing sustained demand for off‑premise dining. Beyond the core brand, the company is developing complementary concepts like Bubba’s 33 and Jaggers, which could become additional growth engines if they scale well. Beverage innovation and regional menu tweaks add another layer of ongoing product experimentation. Overall, this is pragmatic, operations‑focused innovation aimed at supporting growth and enhancing the guest experience rather than headline‑grabbing technology bets.

Summary

Texas Roadhouse presents as a financially sound, steadily growing casual dining company with a clear and differentiated brand. Revenues and profits have risen consistently since the pandemic, with margins improving as the business scales. The balance sheet shows a reasonable level of debt, growing equity, and no obvious signs of overextension. Strong operating cash flow supports significant investment in new locations while still leaving room for positive free cash generation. Competitively, the chain benefits from a well‑defined value and experience proposition, operational discipline, and a loyal customer base, though it remains exposed to economic cycles, food inflation, and intense industry competition. Its measured use of technology, expanded off‑premise capabilities, and newer concepts like Bubba’s 33 and Jaggers offer additional growth avenues, but also introduce execution risk as the company extends its reach. Overall, the data describe a mature, well‑run restaurant operator leaning into growth from a position of financial and operational strength.

NEWS

November 11, 2025 · 11:00 AM UTC

Texas Roadhouse Attracts Investment from Judah Spinner's BlackBird Financial for Its Robust Store-Level Economics and Expansion Outlook

Read more