Texas Roadhouse, Inc. (TXRH) Key Metrics
TXRH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $11.05B
- Enterprise value
- $11.71B
- P/E (TTM)
- 26.9 10-yr median 27.2
- Forward P/E
- 21.0
- PEG ratio
- 1.64
- Price / sales
- 1.8 10-yr median 1.8
- Price / book
- 6.9 10-yr median 5.9
- EV / EBITDA
- 16.6 10-yr median 15.2
- Dividend yield
- 1.78% $3.00 a year
- Beta
- 0.81
TXRH key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTXRH valuation Price multiples at each fiscal year-end price.
TXRH returns How much profit the business earns on the capital it uses.
TXRH per-share figures Results divided by the shares outstanding at year-end.
TXRH financial health Debt, liquidity and how easily interest is covered.
TXRH efficiency & capital use Working capital cycle and where the cash goes.
TXRH valuation history
TXRH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TXRH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TXRH cash returned to shareholders
TXRH price vs earnings per share
TXRH key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $11.04B | $12.09B | $8.21B | $6.18B | $6.26B | $5.46B | $3.99B | $4.30B | $3.77B | $3.43B |
| Enterprise value | $11.88B | $12.70B | $8.87B | $6.76B | $6.67B | $5.93B | $4.44B | $4.11B | $3.67B | $3.37B |
| P/E ratio | 27.2 | 27.9 | 26.9 | 22.9 | 25.5 | 174.8 | 22.9 | 27.2 | 28.6 | 29.7 |
| Price / sales | 1.9 | 2.3 | 1.8 | 1.5 | 1.8 | 2.3 | 1.4 | 1.7 | 1.7 | 1.7 |
| Price / book | 7.6 | 8.9 | 7.2 | 6.1 | 5.9 | 5.9 | 4.4 | 4.5 | 4.5 | 4.6 |
| Price / free cash flow | 32.3 | 30.3 | 37.7 | 23.3 | 23.3 | 71.8 | 25.0 | 21.8 | 30.2 | 37.1 |
| Price / operating cash flow | 15.1 | 16.0 | 14.5 | 12.1 | 13.3 | 23.7 | 10.7 | 12.2 | 13.2 | 13.3 |
| EV / sales | 2.0 | 2.4 | 1.9 | 1.7 | 1.9 | 2.5 | 1.6 | 1.7 | 1.7 | 1.7 |
| EV / EBITDA | 17.3 | 18.2 | 17.5 | 14.7 | 15.7 | 42.0 | 13.6 | 14.2 | 13.1 | 13.2 |
| EV / free cash flow | 34.7 | 31.8 | 40.7 | 25.4 | 24.9 | 78.0 | 27.8 | 20.9 | 29.4 | 36.5 |
| Earnings yield | 3.7% | 3.6% | 3.7% | 4.4% | 3.9% | 0.6% | 4.4% | 3.7% | 3.5% | 3.4% |
| Free cash flow yield | 3.1% | 3.3% | 2.7% | 4.3% | 4.3% | 1.4% | 4.0% | 4.6% | 3.3% | 2.7% |
| Dividend yield | 1.6% | 1.3% | 1.8% | 2.0% | 1.3% | 0.5% | 2.6% | 1.6% | 1.5% | 1.5% |
| Shareholder yield (dividends + buybacks) | 3.0% | 2.0% | 2.4% | 5.5% | 2.2% | 0.7% | 6.1% | 1.9% | 1.9% | 1.9% |
| Share price at fiscal year-end | $166.00 | $180.43 | $122.23 | $90.95 | $89.28 | $78.16 | $56.32 | $59.70 | $52.68 | $48.24 |
| Per share | ||||||||||
| Revenue per share | $88.38 | $80.19 | $68.98 | $59.11 | $49.42 | $34.31 | $38.87 | $34.15 | $31.03 | $28.02 |
| Earnings per share | $6.10 | $6.47 | $4.54 | $3.97 | $3.50 | $0.45 | $2.46 | $2.20 | $1.84 | $1.63 |
| Operating cash flow per share | $10.98 | $11.25 | $8.41 | $7.53 | $6.69 | $3.30 | $5.28 | $4.90 | $4.00 | $3.62 |
| Free cash flow per share | $5.14 | $5.96 | $3.25 | $3.91 | $3.83 | $1.09 | $2.26 | $2.74 | $1.74 | $1.30 |
| Cash per share | $2.03 | $3.66 | $1.55 | $2.56 | $4.79 | $5.20 | $1.52 | $2.92 | $2.11 | $1.59 |
| Book value per share | $21.96 | $20.27 | $17.00 | $14.91 | $15.09 | $13.27 | $12.92 | $13.35 | $11.73 | $10.56 |
| Tangible book value per share | $17.89 | $17.57 | $14.28 | $12.54 | $13.26 | $11.42 | $11.14 | $11.61 | $10.00 | $8.87 |
| Dividends per share | $2.71 | $2.43 | $2.19 | $1.83 | $1.19 | $0.36 | $1.44 | $0.95 | $0.81 | $0.73 |
| Capex per share | $5.83 | $5.29 | $5.17 | $3.62 | $2.86 | $2.21 | $3.02 | $2.17 | $2.26 | $2.32 |
| Debt per share | $14.64 | $12.75 | $11.48 | $11.09 | $10.63 | $11.90 | $7.84 | $0.37 | $0.73 | $0.74 |
| Shares outstanding | 66.5M | 67.0M | 67.1M | 67.9M | 70.1M | 69.9M | 70.9M | 72.0M | 71.5M | 71.1M |
| Change in shares outstanding | −0.7% | −0.2% | −1.1% | −3.1% | +0.3% | −1.4% | −1.5% | +0.6% | +0.7% | +0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 28.8% | 34.7% | 28.3% | 26.1% | 24.7% | 3.4% | 18.6% | 17.6% | 16.6% | 16.3% |
| Return on invested capital (ROIC) | 20.3% | 23.2% | 18.2% | 18.1% | 18.0% | 1.7% | 16.8% | 21.6% | 19.2% | 18.2% |
| Return on assets (ROA) | 12.0% | 14.5% | 11.5% | 10.7% | 10.1% | 1.5% | 10.1% | 11.3% | 10.5% | 10.4% |
| Return on tangible assets | 12.4% | 14.4% | 11.7% | 11.4% | 10.3% | 1.4% | 9.4% | 11.8% | 10.9% | 10.9% |
| Free cash flow margin | 5.8% | 7.4% | 4.7% | 6.6% | 7.7% | 3.2% | 5.8% | 8.0% | 5.6% | 4.6% |
| Income quality (OCF / net income) | 1.80 | 1.74 | 1.85 | 1.90 | 1.91 | 7.37 | 2.15 | 2.23 | 2.18 | 2.22 |
| Financial health | ||||||||||
| Total debt | $974.0M | $854.5M | $770.9M | $753.4M | $744.8M | $831.4M | $556.0M | $26.7M | $52.0M | $52.5M |
| Cash & short-term investments | $134.7M | $245.2M | $104.2M | $173.9M | $335.6M | $363.2M | $107.9M | $210.1M | $150.9M | $112.9M |
| Net debt | $839.3M | $609.2M | $666.6M | $579.5M | $409.2M | $468.3M | $448.1M | −$183.4M | −$98.9M | −$60.4M |
| Debt / equity | 0.67 | 0.63 | 0.68 | 0.74 | 0.70 | 0.90 | 0.61 | 0.03 | 0.06 | 0.07 |
| Debt / assets | 0.27 | 0.27 | 0.28 | 0.30 | 0.30 | 0.36 | 0.28 | 0.02 | 0.04 | 0.04 |
| Net debt / EBITDA | 1.22 | 0.88 | 1.31 | 1.26 | 0.96 | 3.32 | 1.37 | −0.63 | −0.35 | −0.24 |
| Current ratio | 0.50 | 0.62 | 0.48 | 0.61 | 0.94 | 1.01 | 0.59 | 0.90 | 0.78 | 0.72 |
| Quick ratio | 0.45 | 0.57 | 0.43 | 0.55 | 0.88 | 0.96 | 0.55 | 0.85 | 0.73 | 0.66 |
| Interest coverage | — | 76.3 | 708.0 | — | 81.1 | 5.8 | 140.0 | 317.7 | 118.1 | 137.0 |
| Working capital | −$457.4M | −$311.6M | −$389.0M | −$255.2M | −$38.6M | $4.3M | −$169.3M | −$40.1M | −$72.9M | −$79.3M |
| Invested capital | $2.30B | $1.97B | $1.81B | $1.59B | $1.47B | $1.40B | $1.36B | $777.3M | $740.2M | $689.8M |
| Tangible asset value | $1.21B | $1.19B | $974.9M | $866.9M | $945.0M | $813.8M | $805.2M | $835.5M | $727.7M | $638.0M |
| Net current asset value | −$1.62B | −$1.30B | −$1.28B | −$1.10B | −$874.9M | −$871.5M | −$804.5M | −$163.5M | −$222.2M | −$221.5M |
| Graham number | $54.89 | $54.32 | $41.68 | $36.51 | $34.47 | $11.56 | $26.74 | $25.70 | $22.03 | $19.66 |
| Graham net-net per share | −$26.30 | −$20.99 | −$20.56 | −$17.56 | −$13.78 | −$13.36 | −$12.13 | −$3.06 | −$3.67 | −$3.64 |
| Capital allocation | ||||||||||
| Dividends paid | $180.3M | $162.9M | $147.2M | $124.1M | $83.7M | $25.0M | $102.4M | $68.5M | $58.2M | $52.1M |
| Share buybacks (net) | $150.4M | $80.0M | $50.0M | $212.9M | $51.6M | $12.6M | $139.8M | $14.1M | $11.6M | $13.4M |
| Dividend payout ratio | 44.4% | 37.6% | 48.3% | 46.0% | 34.1% | 80.0% | 58.7% | 43.3% | 44.2% | 45.0% |
| Dividends + buybacks / free cash flow | 96.7% | 60.8% | 90.5% | 126.9% | 50.5% | 49.5% | 151.4% | 42.0% | 55.9% | 70.9% |
| Capex / revenue | 6.6% | 6.6% | 7.5% | 6.1% | 5.8% | 6.4% | 7.8% | 6.3% | 7.3% | 8.3% |
| Capex / operating cash flow | 53.1% | 47.0% | 61.4% | 48.1% | 42.8% | 67.0% | 57.3% | 44.2% | 56.4% | 64.1% |
| Capex / depreciation | 1.88 | 1.99 | 2.27 | 1.79 | 1.58 | 1.31 | 1.86 | 1.54 | 1.73 | 1.99 |
| Stock-based compensation / revenue | 0.8% | 0.9% | 0.7% | 0.9% | 1.1% | 1.2% | 1.3% | 1.4% | 1.2% | 1.3% |
| SG&A / revenue | 3.9% | 4.2% | 4.3% | 4.9% | 5.2% | 5.6% | 6.1% | 6.2% | 6.2% | 6.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 12.7 | 12.5 | 12.8 | 14.2 | 13.7 | 15.0 | 12.7 | 12.5 | 10.9 | 9.3 |
| Days of inventory on hand | 3.1 | 3.3 | 3.6 | 3.8 | 3.4 | 3.7 | 3.2 | 3.2 | 3.3 | 3.6 |
| Days payables outstanding | 10.9 | 11.4 | 11.1 | 10.9 | 10.4 | 11.1 | 10.0 | 10.8 | 11.0 | 11.6 |
| Cash conversion cycle (days) | 4.8 | 4.4 | 5.3 | 7.0 | 6.8 | 7.6 | 5.8 | 4.9 | 3.2 | 1.3 |
| Receivables turnover | 28.84 | 29.15 | 28.44 | 25.77 | 26.67 | 24.26 | 28.80 | 29.15 | 33.47 | 39.21 |
| Payables turnover | 33.41 | 32.02 | 32.86 | 33.48 | 35.23 | 32.88 | 36.54 | 33.65 | 33.16 | 31.54 |
| Inventory turnover | 119.29 | 111.94 | 102.09 | 96.57 | 105.91 | 99.20 | 115.62 | 114.59 | 110.92 | 101.22 |
| Asset turnover | 1.74 | 1.80 | 1.74 | 1.59 | 1.43 | 1.11 | 1.60 | 1.76 | 1.77 | 1.80 |
| Average receivables | $203.8M | $184.3M | $162.9M | $155.8M | $129.9M | $98.9M | $95.7M | $84.3M | $66.3M | $50.8M |
| Average payables | $154.1M | $138.2M | $118.6M | $100.4M | $81.1M | $64.3M | $61.9M | $59.8M | $54.2M | $50.9M |
| Average inventory | $43.2M | $39.5M | $38.2M | $34.8M | $27.0M | $21.3M | $19.5M | $17.6M | $16.2M | $15.9M |
| Intangibles / total assets | 7.6% | 5.7% | 6.5% | 6.4% | 5.1% | 5.6% | 6.4% | 8.5% | 9.3% | 10.2% |
Computed from TXRH's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TXRH valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Texas Roadhouse traded at 27.2 times earnings, against a 10-year median of 27.2. Based on the latest twelve months, the trailing P/E is 26.9 and the forward P/E is 21.0. Texas Roadhouse earned a return on equity of 28.8% and a return on invested capital of 20.3% in fiscal 2025. It ended the year with $974.0 million of debt and $134.7 million in cash and short-term investments, net debt of $839.3 million. It returned $330.7 million to shareholders: $180.3 million in dividends and $150.4 million in share buybacks, 97% of free cash flow. The share count fell 6.4% from 71.1M to 66.5M over 9 years.
See the TXRH income statement, the TXRH chart for price history, or the TXRH stock overview for the latest quote and news.
TXRH key metrics FAQ
What is Texas Roadhouse's P/E ratio?
Texas Roadhouse's trailing P/E ratio is 26.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 21.0. At the end of fiscal 2025 it was 27.2, compared with a 10-year median of 27.2.
What is Texas Roadhouse's EV/EBITDA?
Texas Roadhouse's enterprise value was 17.3 times EBITDA at the end of fiscal 2025 (enterprise value $11.9 billion, EBITDA $687.4 million); the current EV/EBITDA is 16.6.
What is Texas Roadhouse's return on equity?
Texas Roadhouse's return on equity (ROE) was 28.8% in fiscal 2025: net income of $405.6 million on average shareholders' equity of $1.4 billion.
What is Texas Roadhouse's ROIC?
Texas Roadhouse's return on invested capital was 20.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Texas Roadhouse have?
Texas Roadhouse had total debt of $974.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.67 and $839.3 million of net debt (1.22 times EBITDA).
What is Texas Roadhouse's dividend yield?
Texas Roadhouse's forward dividend yield is 1.78%. Texas Roadhouse paid $180.3 million in dividends in fiscal 2025 ($2.71 per share), a payout ratio of 44.4%.
Does Texas Roadhouse buy back its shares?
Yes. Texas Roadhouse spent $150.4 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.7% over the year, to 66.5M..
What is Texas Roadhouse's free cash flow yield?
Texas Roadhouse generated $342.1 million of free cash flow in fiscal 2025, a free cash flow yield of 3.1% on its market value at year-end ($11.0 billion).
What is Texas Roadhouse's current ratio?
Texas Roadhouse's current ratio was 0.50 at the end of fiscal 2025: current assets were 0.50 times current liabilities.