Tearsheet

Texas Roadhouse (TXRH)


Market Price (10/22/2025): $177.0 | Market Cap: $11.7 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Texas Roadhouse (TXRH)


Market Price (10/22/2025): $177.0
Market Cap: $11.7 Bil
Sector: Consumer Discretionary
Industry: Restaurants

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%
  
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%
  
2 Low stock price volatility
Vol 12M is 28%
  
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%
2 Low stock price volatility
Vol 12M is 28%

Market Valuation & Key Metrics

TXRH Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
TXRH Return40%16%4%37%50%-0%244%
Peers Return15%17%-11%35%-1%-11%42%
S&P 500 Return16%27%-19%24%23%15%106%

Monthly Win Rates [3]
TXRH Win Rate75%42%42%67%75%33% 
Peers Win Rate58%57%37%60%52%44% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
TXRH Max Drawdown-46%-5%-21%0%-5%-15% 
Peers Max Drawdown-63%-10%-28%-5%-20%-22% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: CMG, YUM, DRI, BJRI, BLMN. See TXRH Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/21/2025 (YTD)

How Low Can It Go

Unique KeyEventTXRHS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-34.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven53.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven296 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-57.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven135.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven210 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-35.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven56.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven371 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-72.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven259.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven517 days1480 days

Compare to CMG, YUM, DRI, BJRI, BLMN


In The Past

Texas Roadhouse's stock fell -34.9% during the 2022 Inflation Shock from a high on 5/3/2021. A -34.9% loss requires a 53.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Texas Roadhouse (TXRH)

Better Bets than Texas Roadhouse (TXRH)

Trade Ideas

Select past ideas related to TXRH. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-19.3%-19.3%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.6%1.6%-6.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-4.6%-4.6%-7.9%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
3.9%3.9%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
12.8%12.8%-11.7%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-19.3%-19.3%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.6%1.6%-6.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-4.6%-4.6%-7.9%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
3.9%3.9%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
12.8%12.8%-11.7%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Texas Roadhouse

Financials

TXRHCMGYUMDRIBJRIBLMNMedian
NameTexas Ro.Chipotle.Yum Bran.Darden R.BJ's Res.Bloomin . 
Mkt Price178.0342.36148.53187.4931.947.7095.44
Mkt Cap11.857.041.421.90.70.716.8
Rev LTM5,67111,5787,90712,3641,3843,6886,789
Op Inc LTM5231,9992,4391,46945143996
FCF LTM3731,4661,5341,0685338721
FCF 3Y Avg2961,3391,39494212118619
CFO LTM7422,0921,8341,7681262351,255
CFO 3Y Avg6331,9201,6821,590983521,111

Growth & Margins

TXRHCMGYUMDRIBJRIBLMNMedian
NameTexas Ro.Chipotle.Yum Bran.Darden R.BJ's Res.Bloomin . 
Rev Chg LTM14.6%8.6%11.3%8.3%4.1%-3.9%8.4%
Rev Chg 3Y Avg14.5%12.5%5.9%8.2%4.9%-5.1%7.0%
Rev Chg Q12.7%3.0%9.6%10.4%4.5%0.3%7.0%
QoQ Delta Rev Chg LTM3.1%0.8%2.2%2.4%1.1%0.1%1.7%
Op Mgn LTM9.2%17.3%30.8%11.9%3.2%3.9%10.6%
Op Mgn 3Y Avg8.7%16.9%31.7%11.8%2.3%6.0%10.2%
QoQ Delta Op Mgn LTM-0.2%-0.4%-0.5%-0.0%0.4%-0.8%-0.3%
CFO/Rev LTM13.1%18.1%23.2%14.3%9.1%6.4%13.7%
CFO/Rev 3Y Avg12.6%18.3%22.9%13.8%7.3%9.0%13.2%
FCF/Rev LTM6.6%12.7%19.4%8.6%3.8%1.0%7.6%
FCF/Rev 3Y Avg5.9%12.8%19.0%8.1%0.8%2.9%7.0%

Valuation

TXRHCMGYUMDRIBJRIBLMNMedian
NameTexas Ro.Chipotle.Yum Bran.Darden R.BJ's Res.Bloomin . 
Mkt Cap11.857.041.421.90.70.716.8
P/S2.14.95.21.80.50.21.9
P/EBIT22.628.516.915.624.86.319.8
P/E27.036.928.919.925.8-131.526.4
P/CFO15.927.222.612.45.62.814.1
Total Yield4.5%2.7%5.3%8.1%3.9%9.4%4.9%
Dividend Yield0.8%0.0%1.9%3.1%0.0%10.1%1.3%
FCF Yield 3Y Avg2.8%1.9%3.6%4.5%0.9%6.8%3.2%
D/E0.10.10.30.30.73.30.3
Net D/E0.10.10.30.30.63.20.3

Returns

TXRHCMGYUMDRIBJRIBLMNMedian
NameTexas Ro.Chipotle.Yum Bran.Darden R.BJ's Res.Bloomin . 
1M Rtn12.5%7.7%2.0%2.3%7.4%12.7%7.5%
3M Rtn-3.0%-19.1%0.5%-9.7%-21.8%-21.0%-14.4%
6M Rtn10.1%-10.1%3.4%-6.1%-4.5%-6.4%-5.3%
12M Rtn-0.2%-29.0%13.0%17.8%-10.5%-49.6%-5.3%
3Y Rtn96.3%36.7%41.7%55.2%13.7%-57.6%39.2%
1M Excs Rtn11.0%4.9%-1.1%1.4%5.5%10.3%5.2%
3M Excs Rtn-10.1%-25.7%-4.9%-15.3%-27.4%-31.3%-20.5%
6M Excs Rtn-17.3%-37.4%-24.0%-33.5%-31.9%-33.7%-32.7%
12M Excs Rtn-16.2%-43.3%-2.1%2.3%-25.1%-66.1%-20.7%
3Y Excs Rtn14.2%-47.6%-40.7%-28.8%-65.8%-143.5%-44.1%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Texas Roadhouse4,3323,7633,254  
Bubba's 33247212174  
Royalties and franchise fees2726251822
Other261411  
Restaurant and other sales   2,3802,734
Total4,6324,0153,4642,3982,756


Assets by Segment
$ Mil20242023202220212020
Texas Roadhouse2,290 1,875  
Other271 457  
Bubba's 33232 180  
Total2,793 2,512  


Price Behavior

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity2,363,320
Short Interest: % Change Since 9152025-2.1%
Average Daily Volume1,346,028
Days-to-Cover Short Interest1.76
Basic Shares Quantity66,373,000
Short % of Basic Shares3.6%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/7/2025-6.6%-6.5%-9.1%
5/8/20254.8%9.8%13.3%
2/20/2025-1.4%3.7%-0.6%
10/24/20243.6%5.6%7.7%
7/25/20242.0%4.3%1.5%
5/2/20243.6%5.4%7.3%
2/15/202410.3%11.2%14.0%
10/26/20233.3%8.2%19.2%
...
SUMMARY STATS   
# Positive131514
# Negative11910
Median Positive4.1%4.8%9.7%
Median Negative-1.4%-2.5%-5.0%
Max Positive20.2%18.9%25.2%
Max Negative-6.6%-12.6%-45.6%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025808202510-Q 7/1/2025
3312025509202510-Q 4/1/2025
12312024228202510-K 12/31/2024
93020241101202410-Q 9/24/2024
6302024802202410-Q 6/25/2024
3312024503202410-Q 3/26/2024
12312023223202410-K 12/26/2023
93020231103202310-Q 9/26/2023
6302023804202310-Q 6/27/2023
3312023505202310-Q 3/28/2023
12312022224202310-K 12/27/2022
93020221104202210-Q 9/27/2022
6302022805202210-Q 6/28/2022
3312022506202210-Q 3/29/2022
12312021225202210-K 12/28/2021
93020211105202110-Q 9/28/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Mujica Hernan E.CHIEF TECHNOLOGY OFFICER8222025Sell172.402,189377,3843,026,137Form
1Tobin Regina A.PRESIDENT8202025Sell173.533,153547,1402,648,241Form
2MOORE GREGORY N8202025Sell173.063,000519,1805,979,223Form
3EPPS DONNA E5232025Sell186.52800149,216863,961Form
4MOORE GREGORY N5132025Sell187.621,000187,6207,138,941Form