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Companies / Consumer Discretionary / Texas Roadhouse, Inc.
TXRH

Texas Roadhouse, Inc.

Consumer DiscretionaryRestaurants
Ticker TXRHLOUISVILLE, KYFiscal year ends DecemberBook value per share $23.61Diluted shares 66.0M

Texas Roadhouse, Inc. (NASDAQ: TXRH) operates as a growing casual dining restaurant company headquartered in Louisville, Kentucky with a presence across 49 states, one U.S. territory, and ten foreign countries. The company's website is texasroadhouse.com. From the company’s description.

Fiscal year 2025 · ends 12-29Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$5.88B
+9.4% year over year
Last 12 mo $6.23B
8.08%
−1.5 percentage points
Last 12 mo 7.75%
$414.33M
−6.8% year over year
Last 12 mo $422.09M
27.78%
−4.2 percentage points
Last 12 mo 26.51%
Cash & financing
$730.07M
−3.1% year over year
Last 12 mo $803.31M
$342.07M
−14.3% year over year
Last 12 mo $406.38M
—
Last 12 mo 0.03
66.5M
−0.7% year over year
Last 12 mo 66.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Texas Roadhouse, Inc. does

In the company’s own words

Texas Roadhouse, Inc. (NASDAQ: TXRH) operates as a growing casual dining restaurant company headquartered in Louisville, Kentucky with a presence across 49 states, one U.S. territory, and ten foreign countries. The company's website is texasroadhouse.com.

Founded in 1993 with the opening of the first Texas Roadhouse restaurant in Clarksville, Indiana, the company has expanded to operate three distinct restaurant concepts. As of December 30, 2025, Texas Roadhouse operates 816 system-wide restaurants comprising 714 company-operated locations and 102 franchise restaurants. The company-operated portfolio includes 648 Texas Roadhouse restaurants, 56 Bubba's 33 locations, and ten Jaggers restaurants, while franchise operations span 36 domestic Texas Roadhouse restaurants, five domestic Jaggers locations, 60 international Texas Roadhouse restaurants, and one international Jaggers restaurant.

Texas Roadhouse, the flagship concept, is a moderately priced full-service casual dining restaurant featuring specially seasoned and aged steaks hand-cut daily on premises and cooked over open grills, complemented by ribs, seafood, chicken, and other entrées. Bubba's 33 offers scratch-made burgers, pizza, wings, and cocktails in a sports-themed atmosphere. Jaggers operates as a fast-casual concept providing burgers, hand-breaded chicken sandwiches, fresh salads, and milkshakes with drive-thru and delivery options.

The company employs approximately 101,000 people, including 935 executive and administrative personnel and 4,059 restaurant management personnel. Texas Roadhouse operates under a People-First culture emphasizing performance-based compensation through its owner-operator partnership model, where managing partners and market partners receive base salaries plus bonuses tied to restaurant pre-tax income.

The company's operating strategy centers on high-quality, freshly prepared food, exceptional service with low table-to-server ratios, community engagement through local marketing rather than national advertising, and everyday value through attractive pricing and generous portions. Texas Roadhouse focuses primarily on dinner service, with over 60 percent of restaurants offering lunch on Fridays only. Alcoholic beverages represented 8.8 percent of restaurant sales in 2025. The company maintains proprietary recipes, employs product coaches for quality assurance, and implements comprehensive food safety programs including Hazard Analysis Critical Control Points principles.

Company details
Sector
Consumer Discretionary
Industry
Restaurants
Headquarters
LOUISVILLE, KY
Fiscal year end
December
CIK
1289460
SIC
5812

Financial performance, year by year

Fiscal 2013–2025 · USD
$-623.15M$1.25B$3.12B$4.99B$6.85B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Texas Roadhouse, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

509
funds hold it
0 of 35
superinvestors hold it
$5.83B
held by funds, at market
48.4%
of shares held by funds

Largest fund holders · Texas Roadhouse, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.35%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
0.15%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.15%of fund net assets
Victory Sycamore Established Value Fund
VETAX · Victory Portfolios
1.56%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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