TXRH Texas Roadhouse, Inc.

Overview and Growth

Fiscal 2025 results for Texas Roadhouse, Inc. combined $5.88B of revenue with net income of $405.55M and an operating cash inflow of $730.07M. At $5.88B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 9.4% from $5.37B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $6.10, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS decreased by 5.7% from $6.47 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. The company employed $3.55B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 1.66x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Operations produced $474.74M of income after the reported operating expense base, before the remaining non-operating and tax effects. Relative to revenue, operating income represented 8.1%, showing how efficiently sales converted into operating profit. After all reported below-operating-line items, the company recorded net income of $405.55M for the fiscal year. The final earnings result represented 6.9% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $480.76M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 8.2%, relating income before taxes directly to revenue. The reported income-tax provision was $66.42M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 13.8%, without assuming a statutory-rate comparison. Net income equaled 27.4% of period-end equity, showing the earnings generated on shareholders’ book capital. Return on period-end assets was 11.4%, connecting net income with the company’s total asset base.

Liquidity and Capital Structure

Total assets were $3.55B, supported by $2.07B of liabilities and $1.48B of shareholder equity. At period end, current assets of $451.48M compared with current liabilities of $908.84M, defining the company’s short-term resource position. The current ratio was 0.5x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $134.71M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 14.8%, excluding receivables and other current assets. Liabilities represented 58.3% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 3.8% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 11.2% from $3.19B in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 7.9% from $1.37B in fiscal 2024, placing the current capital base higher year over year. Compared with $245.22M in fiscal 2024, the current cash balance moved 45.1% and finished lower.

Cash Flow and Earnings Quality

The company reported $730.07M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 1.8x, comparing cash generated by operations with the bottom-line earnings result. The cash-flow statement records $388.00M of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 53.1% of operating cash flow, quantifying the share of cash from operations directed to investment. After capital spending, free cash flow was $342.07M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 5.8%, showing how much sales converted into cash after investment. The free-cash-flow-to-assets relationship was 9.6%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 30, 2025. Analysis generated Oct 21, 2026.