TXRH
Texas Roadhouse, Inc.
Next earnings Aug 5, 2026 (after close) · consensus $1.86 EPS, $1.71B rev
Last earnings -1.1% on 2026-05-07
$194.28
▲ +0.23%$194.28▲ +5.22%
over 1Y
L $155.21H $196.59
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.2%
1W+1.9%
1M+13.7%
3M+19.7%
YTD+14.4%
1Y+5.2%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 36 analysts
Buy
Best-in-class traffic growth (+9.4% sales) but beef inflation cut margins and EPS; superb operator at a full 29x multiple.
Revenue $5.88B · FY2025
The read
Middling fundamentals and a rich price (~64% above fair value) leave little margin of safety — a wait-and-see.
Texas Roadhouse remains one of the strongest operators in casual dining, and FY2025 again showed its hallmark traffic-driven growth: revenue rose 9.4% to $5.88B, continuing a remarkable multi-year ramp from $3.46B in FY2021. The franchise quality is reflected in a 28.4% return on equity and a debt-free balance sheet (no long-term debt), with $730M of operating cash flow funding $388M of new-restaurant capex, $180M of dividends (+10.7%) and $150M of buybacks (+88%).
The blemish is margins. Despite the strong top line, net income fell 6.8% to $414M and operating income dropped 8.1% to $475M, taking operating margin down to 8.1% and diluted EPS down 5.7% to $6.10. Management's risk factors and MD&A pin this on cost pressure: the company experienced higher-than-normal commodity inflation in 2025, specifically in beef/proteins, plus ongoing labor-cost and construction-cost inflation. Texas Roadhouse's value-oriented positioning limits how aggressively it can price to offset food costs without risking the traffic that is its core advantage — so margins are squeezed when beef spikes.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:48 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $3.46B | $4.01B | $4.63B | $5.37B | $5.88B |
| Gross profit | — | — | — | — | — |
| Operating income | $297M | $320M | $354M | $517M | $475M |
| Net income | $253M | $278M | $314M | $444M | $414M |
| Diluted EPS | $3.50 | $3.97 | $4.54 | $6.47 | $6.10 |
| Net margin | 7.3% | 6.9% | 6.8% | 8.3% | 7.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$12.7B
EV / EBITDA18.6
EV / Sales2.2
EV / FCF37.1
P / FCF37.3
PEG (trailing)—
Earnings yield3.2%
FCF yield2.7%
Quality & risk
ROIC (est.)24.8%
Free cash flow$342M
Total debt$50.0M
Net cash$84.7M
Altman Z-Score6.22 safe
Piotroski F-Score5/8
Capital returns
Buyback yield1.2%
Dividend yield (est.)1.4%
Shareholder yield2.6%
Shares Δ YoY-0.8%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
- 8-K Shareholder vote2026-05-22
- 10-Q Quarterly report2026-05-08
- 8-K Earnings results2026-05-07
- DEF 14A Proxy statement2026-04-10
- 8-K Officer / director change2026-03-05
- 10-K Annual report2026-02-27
- 8-K Officer / director change2026-02-19
- 8-K Officer / director change2026-02-13
- 8-K Officer / director change2025-12-31
Recent filings
all on EDGAR ↗144Filing2026-07-02open ↗4Period ending 2026-05-262026-05-28open ↗144Filing2026-05-26open ↗8-KPeriod ending 2026-05-212026-05-22open ↗4Period ending 2026-05-182026-05-19open ↗144Filing2026-05-18open ↗4Period ending 2026-05-142026-05-15open ↗SCHEDULE 13GFiling2026-05-15open ↗144Filing2026-05-14open ↗SCHEDULE 13GFiling2026-05-14open ↗4Period ending 2026-05-112026-05-13open ↗4Period ending 2026-05-112026-05-13open ↗
Frequently asked
- Is Texas Roadhouse, Inc. (TXRH) a buy?
- TXRH currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Best-in-class traffic growth (+9.4% sales) but beef inflation cut margins and EPS; superb operator at a full 29x multiple.
- What is TXRH's fair value?
- A Modified-Graham model based on TXRH's SEC fundamentals estimates a fair value of about $70.32. It is an estimate from reported earnings, not a price target.
- Is TXRH overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, TXRH currently appears overvalued relative to its SEC-grounded earnings power.
- What is Texas Roadhouse, Inc.'s quality score?
- TXRH scores 68.89785347072511/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001289460, latest 10-Q filed 2026-05-08) · EODHD · Proprietary analysis · as of 6/21/2026, 8:48:55 PM.
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