InsiderClue
Stocks · Consumer discretionary · Retail-Eating Places

Texas Roadhouse, Inc.

TXRH Clue Score61
United States Fiscal year ends December CIK 0001289460
$161.50 -0.77% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $161.50 +75.87% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,990.7Operating income171.9Net income115.6EPS, diluted1.63Fiscal year 2017Revenue2,219.5 +11.5%Operating income186.2Net income131.5 +13.8%EPS, diluted1.84 +12.9%Fiscal year 2018Revenue2,457.4 +10.7%Operating income187.8Net income158.2 +20.3%EPS, diluted2.20 +19.6%Fiscal year 2019Revenue2,756.2 +12.2%Operating income212.0Net income174.5 +10.3%EPS, diluted2.46 +11.8%Fiscal year 2020Revenue2,398.1 −13.0%Operating income23.8Net income31.3 −82.1%EPS, diluted0.45 −81.7%Fiscal year 2021Revenue3,463.9 +44.4%Operating income297.2Net income245.3 +684.8%EPS, diluted3.50 +677.8%Fiscal year 2022Revenue4,014.9 +15.9%Operating income320.2Net income269.8 +10.0%EPS, diluted3.97 +13.4%Fiscal year 2023Revenue4,631.7 +15.4%Operating income354.0EPS, diluted4.54 +14.4%Fiscal year 2024Revenue5,373.3 +16.0%Operating income516.5EPS, diluted6.47 +42.5%Fiscal year 2025Revenue5,878.1 +9.4%Operating income474.7EPS, diluted6.10 −5.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,990.7 2,219.5 2,457.4 2,756.2 2,398.1 3,463.9 4,014.9 4,631.7 5,373.3 5,878.1
Growth +11.5% +10.7% +12.2% −13.0% +44.4% +15.9% +15.4% +16.0% +9.4%
Operating income 171.9 186.2 187.8 212.0 23.8 297.2 320.2 354.0 516.5 474.7
Net income 115.6 131.5 158.2 174.5 31.3 245.3 269.8 n/a n/a n/a
Growth +13.8% +20.3% +10.3% −82.1% +684.8% +10.0%
EPS, diluted 1.63 1.84 2.20 2.46 0.45 3.50 3.97 4.54 6.47 6.10
Growth +12.9% +19.6% +11.8% −81.7% +677.8% +13.4% +14.4% +42.5% −5.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin8.6%Net margin5.8%Free cash flow margin4.6%Fiscal year 2017Operating margin8.4%Net margin5.9%Free cash flow margin5.6%Fiscal year 2018Operating margin7.6%Net margin6.4%Free cash flow margin8.0%Fiscal year 2019Operating margin7.7%Net margin6.3%Free cash flow margin5.8%Fiscal year 2020Operating margin1.0%Net margin1.3%Free cash flow margin3.2%Fiscal year 2021Operating margin8.6%Net margin7.1%Free cash flow margin7.7%Fiscal year 2022Operating margin8.0%Net margin6.7%Free cash flow margin6.6%Fiscal year 2023Operating margin7.6%Free cash flow margin4.7%Fiscal year 2024Operating margin9.6%Free cash flow margin7.4%Fiscal year 2025Operating margin8.1%Free cash flow margin5.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 8.6% 8.4% 7.6% 7.7% 1.0% 8.6% 8.0% 7.6% 9.6% 8.1%
Net margin 5.8% 5.9% 6.4% 6.3% 1.3% 7.1% 6.7% n/a n/a n/a
Free cash flow margin 4.6% 5.6% 8.0% 5.8% 3.2% 7.7% 6.6% 4.7% 7.4% 5.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow257.1Capital expenditure−164.7Free cash flow92.3Buybacks−4.1Dividends paid−52.1Fiscal year 2017Operating cash flow286.4Capital expenditure−161.6Free cash flow124.7 +35.1%Dividends paid−58.2Fiscal year 2018Operating cash flow352.9Capital expenditure−156.0Free cash flow196.9 +57.8%Dividends paid−68.6Fiscal year 2019Operating cash flow374.3Capital expenditure−214.3Free cash flow160.0 −18.8%Buybacks−139.8Dividends paid−102.4Fiscal year 2020Operating cash flow230.4Capital expenditure−154.4Free cash flow76.0 −52.5%Buybacks−12.6Dividends paid−25.0Fiscal year 2021Operating cash flow468.8Capital expenditure−200.7Free cash flow268.1 +252.6%Buybacks−51.6Dividends paid−83.7Fiscal year 2022Operating cash flow511.7Capital expenditure−246.1Free cash flow265.6 −0.9%Buybacks−212.9Dividends paid−124.1Fiscal year 2023Operating cash flow565.0Capital expenditure−347.0Free cash flow218.0 −17.9%Buybacks−50.0Dividends paid−147.2Fiscal year 2024Operating cash flow753.6Capital expenditure−354.3Free cash flow399.3 +83.2%Buybacks−80.0Dividends paid−162.9Fiscal year 2025Operating cash flow730.1Capital expenditure−388.0Free cash flow342.1 −14.3%Buybacks−150.4Dividends paid−180.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 257.1 286.4 352.9 374.3 230.4 468.8 511.7 565.0 753.6 730.1
Capital expenditure −164.7 −161.6 −156.0 −214.3 −154.4 −200.7 −246.1 −347.0 −354.3 −388.0
Free cash flow 92.3 124.7 196.9 160.0 76.0 268.1 265.6 218.0 399.3 342.1
Growth +35.1% +57.8% −18.8% −52.5% +252.6% −0.9% −17.9% +83.2% −14.3%
Buybacks −4.1 n/a n/a −139.8 −12.6 −51.6 −212.9 −50.0 −80.0 −150.4
Dividends paid −52.1 −58.2 −68.6 −102.4 −25.0 −83.7 −124.1 −147.2 −162.9 −180.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash112.9Shareholders’ equity750.2Fiscal year 2017Cash150.9Shareholders’ equity839.1Fiscal year 2018Cash210.1Shareholders’ equity945.6Fiscal year 2019Cash107.9Shareholders’ equity916.0Fiscal year 2020Cash363.2Total debt240.0Net cash (debt)123.2Shareholders’ equity927.5Debt to equity0.26Fiscal year 2021Cash335.6Total debt100.0Net cash (debt)235.6Shareholders’ equity1,058.1Debt to equity0.09Fiscal year 2022Cash173.9Total debt50.0Net cash (debt)123.9Shareholders’ equity1,012.6Debt to equity0.05Fiscal year 2023Cash104.2Total debt0.0Net cash (debt)104.2Shareholders’ equity1,141.7Debt to equity0.00Fiscal year 2024Cash245.2Shareholders’ equity1,358.3Fiscal year 2025Cash134.7Total debt0.0Net cash (debt)134.7Shareholders’ equity1,460.8Debt to equity0.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 112.9 150.9 210.1 107.9 363.2 335.6 173.9 104.2 245.2 134.7
Total debt n/a n/a n/a n/a 240.0 100.0 50.0 0.0 n/a 0.0
Net cash (debt) n/a n/a n/a n/a 123.2 235.6 123.9 104.2 n/a 134.7
Shareholders’ equity 750.2 839.1 945.6 916.0 927.5 1,058.1 1,012.6 1,141.7 1,358.3 1,460.8
Debt to equity n/a n/a n/a n/a 0.26 0.09 0.05 0.00 n/a 0.00

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 27 Dec 2016 FY2017 26 Dec 2017 FY2018 25 Dec 2018 FY2019 31 Dec 2019 FY2020 29 Dec 2020 FY2021 28 Dec 2021 FY2022 27 Dec 2022 FY2023 26 Dec 2023 FY2024 31 Dec 2024 FY2025 30 Dec 2025
Revenue and profit
1,990.7 2,219.5 2,457.4 2,756.2 2,398.1 3,463.9 4,014.9 4,631.7 5,373.3 5,878.1
Growth +11.5% +10.7% +12.2% −13.0% +44.4% +15.9% +15.4% +16.0% +9.4%
110.8 123.3 136.2 149.4 119.5 157.5 172.7 198.4 223.3 227.3
171.9 186.2 187.8 212.0 23.8 297.2 320.2 354.0 516.5 474.7
Growth +8.3% +0.9% +12.9% −88.8% +1,146.4% +7.7% +10.6% +45.9% −8.1%
171.8 186.1 188.6 213.9 19.3 292.9 321.3 358.3 524.5 480.8
51.2 48.6 24.3 32.4 −15.7 39.6 43.7 44.6 80.1 66.4
115.6 131.5 158.2 174.5 31.3 245.3 269.8 n/a n/a n/a
Growth +13.8% +20.3% +10.3% −82.1% +684.8% +10.0%
Per share
1.64 1.85 2.21 2.47 0.45 3.52 3.99 4.56 6.50 6.11
1.63 1.84 2.20 2.46 0.45 3.50 3.97 4.54 6.47 6.10
Growth +12.9% +19.6% +11.8% −81.7% +677.8% +13.4% +14.4% +42.5% −5.7%
70.4 71.0 71.5 70.5 69.4 69.7 67.6 66.9 66.8 66.3
71.1 71.5 72.0 70.9 69.9 70.1 67.9 67.1 67.0 66.5
Growth +0.7% +0.6% −1.5% −1.4% +0.3% −3.1% −1.1% −0.2% −0.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 19.6% a year over five years, and earnings per share grew 68.4% a year.
  • The diluted share count fell 4.8% in five years, so buybacks did some of the work per share.
  • Operating margin is up 7.1 points on five years ago, at 8.1%.
  • Profitable in every one of the 7 years on file.