TXRHNasdaqRetail-Eating PlacesFiscal year ends December 29
Texas Roadhouse, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$170.26+1.86 (+1.10%)
Close on Oct 19, 2026
- Market cap
- $11.22B
- P/E (TTM)
- 27.2
- Dividend yield
- 1.60%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
8.1%+7.1 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.4% | +13.5% | +19.6% | +12.5% | |
| Operating income | -8.1% | +14.0% | +81.9% | +12.6% | |
| EPS, diluted | -5.7% | +15.4% | +68.4% | +16.1% | |
| Free cash flow | -14.3% | +8.8% | +35.1% | +20.2% | |
| Dividend per share | +11.5% | +13.9% | +49.8% | +18.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 16.3% | 3.4% | – | |
| Return on assets | 10.4% | 1.5% | – | |
| Current ratio | 0.72 | 1.01 | 0.50 | |
| Debt to equity | 0.07 | 0.26 | 0.00 | |
| Net debt to EBITDA | -0.24× | -0.87× | -0.20× | |
| Interest coverage | 137.0× | – | – | |
| Inventory turnover | – | 99.2× | – | |
| Capex to revenue | 8.3% | 6.4% | 6.6% | |
| Diluted shares | 71M | 70M | 67M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Texas Roadhouse generated $3.03B from operations and spent $2.78B on capital expenditure, dividends and share buybacks. 55% of that went back into the business.
Generated
$3.03B
Used
$2.78B
Capital expenditure$1.54B55%Dividends$698.10M25%Share buybacks$544.93M20%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.7%
×Asset turnover1.59×
×Equity multiplier2.43×
=Return on equity, FY202226.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2022 | 6.7% | 1.59× | 2.43× | 26.1% |
| FY2021 | 7.1% | 1.43× | 2.44× | 24.7% |
| FY2020 | 1.3% | 1.11× | 2.34× | 3.4% |
| FY2019 | 6.3% | 1.60× | 1.85× | 18.7% |
| FY2018 | 6.4% | 1.76× | 1.57× | 17.7% |
| FY2017 | 5.9% | 1.77× | 1.58× | 16.6% |
| FY2016 | 5.8% | 1.80× | 1.56× | 16.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 4 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$730.07M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$730.07M vs –
- Less leverageLong-term debt to assets fell– → 0.0%
- Better liquidityCurrent ratio rose0.62 → 0.50
- No dilutionShare count did not rise67M → 67M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.92 → 1.84