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Texas Roadhouse, Inc. TXRH

Nasdaq · stock · Retail-Eating Places · website · IPO 2004-10-05 · LEI

Texas Roadhouse, Inc. statistics & valuation

P / S2.2×
P / B8.7×
P / FCF37.8×
FCF margin5.8%
Net cash$134.7M
Net debt / EBITDA-0.2×
Enterprise value USD$12.8B
EV / EBITDA18.8×
Earnings yield EBIT/EV3.7%
Return on capital18%
Graham number -74.2%$55.30

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($55.30); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
8.60% 8.40% 7.60% 7.70% 1.00% 8.60% 8.00% 7.60% 9.60% 8.10% 2016201720182019202020212022202320242025
Return on equity (%)
15.20% 15.40% 16.50% 18.70% 3.30% 22.90% 26.30% 2016201720182019202020212022202320242025
Shares outstanding
71.1M 71.5M 72.0M 70.9M 69.9M 70.1M 67.9M 67.1M 67.0M 66.5M 2016201720182019202020212022202320242025
Net debt ($)
-$173.2M -$235.6M -$123.9M -$104.2M -$134.7M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
9.80% 9.90% 10.80% 8.80% 1.30% 9.80% 10.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
4.60% 5.60% 8.00% 5.80% 3.20% 7.70% 6.60% 4.70% 7.40% 5.80% 2016201720182019202020212022202320242025
Debt / equity (×)
0.20× 0.09× 0.05× 0.00× 0.00× 2016201720182019202020212022202320242025
EPS ($)
$1.63 $1.84 $2.20 $2.46 $0.45 $3.50 $3.97 $4.54 $6.47 $6.10 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Texas Roadhouse, Inc. trades at about 35.1× earnings — above its 10-year norm (10-year range 24.4×–169.4×, median 28×).

24.4× 169.4×

Shaded band = 10-year range (24.4×–169.4×); dot = today's 35.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin8.1%9.6%7.6%8.0%8.6%1.0%7.7%7.6%8.4%8.6%
Net margin6.7%7.1%1.3%6.3%6.4%5.9%5.8%
FCF margin5.8%7.4%4.7%6.6%7.7%3.2%5.8%8.0%5.6%4.6%
Return on assets10.7%9.8%1.3%8.8%10.8%9.9%9.8%
Return on equity26.3%22.9%3.3%18.7%16.5%15.4%15.2%
Debt / equity0.00×0.00×0.05×0.09×0.20×
Current ratio0.500.620.480.610.941.010.590.900.780.72

Computed from company filings · US · as of 2025-12-30. Facts plus Stocktoria's own computed scores — not investment advice.