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Casual-dining steakhouse chain known for hand-cut steaks, made-from-scratch sides and a high-energy dining experience.
Casual-dining steakhouse chain known for hand-cut steaks, made-from-scratch sides and a high-energy dining experience.
Earns mostly from meals sold in restaurants it owns, with franchised restaurants adding royalties. Prices are kept below many casual-dining rivals, so profit depends on high customer traffic and tight cost control, with beef the largest food cost. Founded in Louisville, Kentucky, by Kent Taylor.
Moat: narrow (brand, process know-how). Strong value-for-money reputation and consistent execution drive high unit volumes versus casual-dining peers.
Headquarters: Louisville, Kentucky, United States · Founded: 1993 · Employees: 101,000
Size Texas Roadhouse (TXRH) is a United States Consumer Discretionary company (Restaurants) with a market value of $12.1B, the 691st largest of 3,117 United States companies the cockpit tracks. Shares closed at $183.88 on 6 Nov 2026.
Performance Over six months the shares gained 3.7%, against +11.9% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 9.9% over the last twelve months (peer median +8.6%); the operating margin is 8.2% (peer median 12.0%).
Valuation It trades at 26.8× forward earnings against a peer median of 24.8× (9th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.6 points above its cost of capital (8.7% WACC).
Short interest Short interest is 4.4% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.23B | $5.88B | $5.37B | $4.63B | $4.01B |
| Revenue growth | — | +9% | +16% | +15% | — |
| Gross profit | $755M | $728M | $765M | $580M | $516M |
| EBITDA | $736M | $711M | $728M | $538M | $481M |
| Net income | $413M | $406M | $434M | $305M | $270M |
| Free cash flow | $406M | $342M | $399M | $218M | $266M |
| Capital expenditure | $403M | $394M | $354M | $347M | $246M |
| Total debt | $1.09B | $977M | $857M | $774M | $753M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Texas Roadhouse TXRH | $12.1B | +4% | +10% | 8% | 26.8× | 13.8% |
| Darden Restaurants DRI | $25.6B | +15% | +8% | 12% | 19.7× | 7.5% |
| Bloomin' Brands BLMN | $835M | +23% | -2% | 3% | 10.5× | 10.6% |
| Cracker Barrel Old Country Store CBRL | $1.45B | +106% | -5% | 0% | 30.3× | 14.0% |
| Brinker International EAT | $8.58B | +49% | +6% | 11% | 14.7× | 9.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TXRH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.0% | +9.9% | 4th highest of 21 |
| 6-month return | +3.7% | +11.9% | 5th lowest of 20 |
| Distance from 52-week high | -15.0% | -15.3% | 11th highest of 21 |
| Revenue growth (TTM) | +9.9% | +8.6% | 9th highest of 21 |
| Operating margin | 8.2% | 12.0% | 7th lowest of 21 |
| Forward P/E | 26.8× | 24.8× | 9th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 13.8% | 6.4% | 7th most demanding of 20 |
| Growth delivered (Del g) | +19.6% | +12.9% | 4th highest of 20 |
| Hurdle (Req g minus delivered) | -5.8 pp | -3.3 pp | 9th least demanding of 20 |
| ROIC minus cost of capital | +7.6 pp | +6.2 pp | 9th highest of 21 |
| EV / EBITDA | 17.6× | 15.1× | 7th most expensive of 21 |
| Net debt / EBITDA | 1.2× | 3.0× | 6th least indebted of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Texas Roadhouse TXRH | United States | $12.1B | +4% | +10% | 8% | 26.8× | 13.8% | +19.6% |
| Zensho 7550.T | Japan | $12.2B | +41% | +12% | 7% | 34.3× | 6.1% | +16.3% |
| Domino's DPZ | United States | $11.0B | +4% | +4% | 20% | 16.3× | 1.8% | +3.7% |
| Aramark ARMK | United States | $13.9B | +17% | +11% | 4% | 19.8× | 16.1% | +7.6% |
| Sodexo SW.PA | France | $9.91B | +28% | 0% | 3% | 17.7× | 6.0% | +6.6% |
| Brinker International EAT | United States | $8.58B | +49% | +6% | 11% | 14.7× | 9.3% | +11.7% |
| Yum China YUMC | United States | $17.1B | +6% | +10% | 13% | 15.3× | -7.5% | +7.4% |
| Food & Life Companies 3563.T | Japan | $7.34B | +12% | +24% | 10% | 35.6× | 6.9% | +16.0% |
| McDonald's Holdings Company (Japan) 2702.T | Japan | $7.33B | +7% | +2% | 14% | 32.0× | 1.8% | +7.6% |
| Haidilao 6862.HK | Hong Kong | $7.24B | -28% | +11% | 12% | 11.4× | 2.0% | +7.8% |
| CAVA CAVA | United States | $6.91B | -26% | +27% | 7% | 85.5× | 41.5% | +27.9% |
| Jersey Mike's Subs JMKE | United States | $6.03B | n/a | +11% | 21% | 26.3× | n/a | n/a |
| Dutch Bros BROS | United States | $5.90B | -36% | +30% | 10% | 31.0× | 36.3% | +38.0% |
| Darden Restaurants DRI | United States | $25.6B | +15% | +8% | 12% | 19.7× | 7.5% | +12.9% |
| Cheesecake Factory CAKE | United States | $5.32B | +73% | +8% | 7% | 21.2× | 16.7% | +13.6% |
| Skylark 3197.T | Japan | $5.18B | +19% | +11% | 7% | 38.5× | 6.4% | +9.7% |
| Wingstop WING | United States | $4.42B | +26% | +7% | 28% | 35.3× | 21.9% | +22.9% |
| Restaurant Brands International QSR | United States | $35.1B | -3% | +6% | 27% | 18.1× | 6.3% | +13.7% |
| Restaurant Brands International LP QSP-UN.TO | Canada | $35.9B | +12% | +5% | 28% | n/a | 1.0% | +14.6% |
| Chipotle Mexican Grill CMG | United States | $43.6B | +6% | +8% | 15% | 27.1× | 15.1% | +14.8% |
| Yum! Brands YUM | United States | $44.0B | +7% | +9% | 32% | 24.8× | -0.2% | +7.8% |