TXRH Financials Texas Roadhouse, Inc.

11 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:18 UTC Overview →

Growth & profitability

Revenue has grown 19.6% per year over the past 5 years.
Net income has grown faster than revenue (67.0% vs 19.6% per year).
Operating margin has expanded, at 8.1% in the latest year.
Free cash flow has grown 35.1% per year over the past 5 years.

Financial health

The company holds more cash ($135M) than total debt ($0).

Shareholder returns

Dividends have been paid for 11 consecutive years, consuming 44.4% of earnings and 52.7% of free cash flow.
The dividend has grown 48.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$5.9B	$406M	0.0%	8.1%	27.8%	11.4%	$342M	$0	$135M
2024	$5.4B	$434M	0.0%	9.6%	31.9%	13.6%	$399M	—	$245M
2023	$4.6B	$305M	0.0%	7.6%	26.7%	10.9%	$218M	$0	$104M
2022	$4.0B	$270M	0.0%	8.0%	26.6%	10.7%	$266M	$50M	$174M
2021	$3.5B	$245M	0.0%	8.6%	23.2%	9.8%	$268M	$100M	$336M
2020	$2.4B	$31M	0.0%	1.0%	3.4%	1.3%	$76M	$240M	$363M
2019	$2.8B	$174M	0.0%	7.7%	19.0%	8.8%	$160M	—	$108M
2018	$2.5B	$158M	0.0%	7.6%	16.7%	10.8%	$197M	—	$210M
2017	$2.2B	$132M	0.0%	8.4%	15.7%	9.9%	$125M	—	$151M
2016	$2.0B	$116M	0.0%	8.6%	15.4%	9.8%	$92M	—	$113M
2015	—	$97M	—	—	14.5%	9.4%	$54M	$26M	$59M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$1.7B	$125M	0.0%	8.5%	8.0%	3.4%	$81M	$50M	$202M
Mar '26	$1.6B	$126M	0.0%	9.0%	8.3%	3.5%	$179M	$50M	$215M
Dec '25	$1.5B	$87M	0.0%	6.5%	5.9%	2.4%	$131M	$0	$135M
Sep '25	$1.4B	$85M	0.0%	6.7%	5.8%	2.6%	$15M	—	$108M
Jul '25	$1.5B	$127M	0.0%	9.7%	8.7%	3.9%	$36M	—	$177M
Apr '25	$1.4B	$116M	0.0%	9.3%	8.4%	3.6%	$160M	—	$221M
Dec '24	$1.4B	$119M	0.0%	9.6%	8.7%	3.7%	$130M	—	$245M
Sep '24	$1.3B	$87M	0.0%	8.0%	6.6%	3.0%	$48M	—	$189M
Jun '24	$1.3B	$123M	0.0%	10.6%	9.7%	4.3%	$56M	—	$197M
Mar '24	$1.3B	$116M	0.0%	10.1%	9.6%	4.1%	$166M	—	$213M
Dec '23	$1.2B	$75M	0.0%	7.2%	6.6%	2.7%	$71M	$0	$104M
Sep '23	$1.1B	$66M	0.0%	6.6%	5.9%	2.6%	$13M	$0	$69M
Jun '23	$1.2B	$84M	0.0%	8.1%	7.8%	3.4%	$11M	—	$107M
Mar '23	$1.2B	$89M	0.0%	8.6%	8.4%	3.6%	$122M	—	$156M
Dec '22	$1.0B	$62M	0.0%	6.8%	6.1%	2.4%	$45M	$50M	$174M
Sep '22	$993M	$64M	0.0%	7.6%	6.5%	2.7%	$31M	$75M	$185M
Jun '22	$1.0B	$75M	0.0%	8.4%	7.9%	3.2%	$51M	$75M	$180M
Mar '22	$987M	$77M	0.0%	9.1%	7.6%	3.2%	$139M	$100M	$326M
Dec '21	$896M	$55M	0.0%	7.2%	5.2%	2.2%	$58M	$100M	$336M
Sep '21	$869M	$54M	0.0%	7.1%	5.1%	2.2%	-$2M	$190M	$437M

Valuation over time

How the market has priced TXRH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 26.3× (Mar '23) to 30.3× (Nov '26).
The price-to-sales ratio has risen from 1.8× (Mar '23) to 2.1× (Nov '26).
The dividend yield has fallen from 1.7% (Mar '23) to 1.5% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is TXRH growing its revenue and profit?

Over the past 5 years, Texas Roadhouse, Inc.'s revenue has grown 19.6% per year, and net income grown 67.0% per year. These are computed facts, not advice.

How much debt does TXRH have?

As of FY2025, Texas Roadhouse, Inc. reported $0 of total debt against $135M of cash.

What is TXRH's profit margin?

In FY2025, gross margin was —, operating margin 8.1%, and net margin 6.9%.

What is TXRH's P/E ratio?

Texas Roadhouse, Inc.'s P/E (TTM) is 29.10 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the TXRH stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 30.3× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.