FoodBud
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RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

Global foodservice chain intelligence. Every figure should link back to a source.

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Company card

Texas Roadhouse

Medium
Brandest. scale

Nasdaq TXRH · US

Listing status
listed
Operating model
Mixed direct + franchise
Scale basis
Revenue proxy
Confidence
Medium
Segment
full service

Demote from pure franchise terminal-sales blocker; company restaurant sales and restaurant margin are the relevant operating benchmark.

Scale basis note

Recognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Stores
Reported restaurant, coffee shop, tea shop, bakery, or comparable chain units.
816 stores
FY2025: As of December 30, 2025, Texas Roadhouse had grown to three concepts with 816 restaurants in 49 states, one U.S. territory, and ten foreign countries
Source-backed
S1 official primary (opens in new tab)
Regulatory Filing · As of December 30, 2025, Texas Roadhouse had grown to three concepts with 816 restaurants in 49 states, one U.S. territory, and ten foreign countries
Provenance
Tier: S1 official primary
Source: Regulatory Filing
Scale
Recognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
$5.88B
FY2025: Total revenue $5,878,075 [thousands], an increase of 9.4% from 2024, primarily driven by an increase in store weeks and comparable restaurant sales
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Regulatory Filing · Total revenue $5,878,075 [thousands], an increase of 9.4% from 2024, primarily driven by an increase in store weeks and comparable restaurant sales
Provenance
Tier: S1 official primary
Source: Regulatory Filing
Basis: Revenue proxy
Precision: Estimated
Scale per store
Screening proxy: scale divided by store count. It is not audited AUV or unit profit.
$7.2M
Screening proxyest.
Derived scale_per_store using scale ÷ store_count at the linked scale basis; not a separately reported company metric.
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Derived
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$405.55M
FY2025: 405554000 USD. (A2 stale-FX/FY refresh, Cowork-approved; basis unchanged).
Profit-positiveScale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S1 official primary (opens in new tab)
Regulatory Filing · Latest disclosed FY2025: Net income attributable to Texas Roadhouse, Inc. and subsidiaries $405,554 [thousands]
Provenance
Tier: S1 official primary
Source: Regulatory Filing
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$5.88B
USD 5.88B revenue (RevenueFromContractWithCustomerExcludingAssessedTax)
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Source-backed

Market data (listed companies)

Market valuation · fluctuates · not operational scale · do not compare with GMV / system sales. Listed companies only.

MetricValuePeriod / basisQualitySource
Market cap
Public market capitalization captured in the locked source snapshot.
$11.67B
Directional proxy
Unverified: no citable primary disclosure with a verbatim excerpt found. Stored value $11,670,000,000 (as of May 22, 2026) is plausible — multiple S3 sources show TXRH market cap ~$11.7B in mid-May 2026 (Dec 31 2025=$10.98B; Jun 24 2026=$12
Market cap (USD)Scale basis not specified. Use as a screening signal until a source pack is attached.
Directional proxy
S3 supplementary (opens in new tab)
Media Or Aggregator · Unverified: no citable primary disclosure with a verbatim excerpt found. Stored value $11,670,000,000 (as of May 22, 2026) is plausible — multiple S3 sources show TXRH market cap ~$11.7B in mid-May 2026 (Dec 31 2025=$10.98B; Jun 24 2026=$12
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Market cap (USD)
Precision: Market snapshot · not operational scale
⚠ Do not use for: Market valuation · not operational scale · never compare with GMV/system sales

Operator profile

14/19 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
casual variedS3 supplementary (opens in new tab)
Cuisine (secondary)
not disclosed
Service model
casual diningtier3_reference (opens in new tab)
Price tier
midtertiary (opens in new tab)
Company
Founded
1,993secondary (opens in new tab)
HQ country
United Statessecondary (opens in new tab)
CEO
Jerry Morgansecondary (opens in new tab)
Employees
95,000 headcountprimary (opens in new tab)
Ownership
Parent
Independent / public-standalone (Texas Roadhouse Inc.; no corporate parent; widely held, Nasdaq:TXRH)encyclopedic (opens in new tab)
PE / holding
not disclosed
Recent M&A
not disclosed
Growth
Revenue YoY
9.4%S1 official primary (opens in new tab)
Net new units
32 unitsS1 official primary (opens in new tab)
Pricing & digital
Avg check
19.68S1 official primary (opens in new tab)
Digital sales
not disclosed
Off-premise
13.1%primary (opens in new tab)
Loyalty members
not disclosed
Franchise terms
Royalty
4%FDD (opens in new tab)
Franchise fee
$40,000FDD (opens in new tab)
By-market footprint
Bahrain
1 storesS1 official primary (opens in new tab)
China
1 storesS1 official primary (opens in new tab)
Kuwait
3 storesS1 official primary (opens in new tab)
Mexico
5 storesS1 official primary (opens in new tab)
Philippines
25 storesS1 official primary (opens in new tab)
Puerto Rico
2 storesS1 official primary (opens in new tab)
Qatar
1 storesS1 official primary (opens in new tab)
Saudi Arabia
4 storesS1 official primary (opens in new tab)
South Korea
8 storesS1 official primary (opens in new tab)
Taiwan
6 storesS1 official primary (opens in new tab)
US - Alabama
13 storesS1 official primary (opens in new tab)
US - Alaska
2 storesS1 official primary (opens in new tab)
US - Arizona
24 storesS1 official primary (opens in new tab)
US - Arkansas
9 storesS1 official primary (opens in new tab)
US - California
19 storesS1 official primary (opens in new tab)
US - Colorado
18 storesS1 official primary (opens in new tab)
US - Connecticut
6 storesS1 official primary (opens in new tab)
US - Delaware
5 storesS1 official primary (opens in new tab)
US - Florida
50 storesS1 official primary (opens in new tab)
US - Georgia
22 storesS1 official primary (opens in new tab)
US - Idaho
6 storesS1 official primary (opens in new tab)
US - Illinois
21 storesS1 official primary (opens in new tab)
US - Indiana
39 storesS1 official primary (opens in new tab)
US - Iowa
11 storesS1 official primary (opens in new tab)
US - Kansas
8 storesS1 official primary (opens in new tab)
US - Kentucky
25 storesS1 official primary (opens in new tab)
US - Louisiana
12 storesS1 official primary (opens in new tab)
US - Maine
3 storesS1 official primary (opens in new tab)
US - Maryland
14 storesS1 official primary (opens in new tab)
US - Massachusetts
11 storesS1 official primary (opens in new tab)
US - Michigan
26 storesS1 official primary (opens in new tab)
US - Minnesota
7 storesS1 official primary (opens in new tab)
US - Mississippi
3 storesS1 official primary (opens in new tab)
US - Missouri
19 storesS1 official primary (opens in new tab)
US - Montana
3 storesS1 official primary (opens in new tab)
US - Nebraska
4 storesS1 official primary (opens in new tab)
US - Nevada
4 storesS1 official primary (opens in new tab)
US - New Hampshire
4 storesS1 official primary (opens in new tab)
US - New Jersey
10 storesS1 official primary (opens in new tab)
US - New Mexico
11 storesS1 official primary (opens in new tab)
US - New York
22 storesS1 official primary (opens in new tab)
US - North Carolina
26 storesS1 official primary (opens in new tab)
US - North Dakota
3 storesS1 official primary (opens in new tab)
US - Ohio
40 storesS1 official primary (opens in new tab)
US - Oklahoma
10 storesS1 official primary (opens in new tab)
US - Oregon
2 storesS1 official primary (opens in new tab)
US - Pennsylvania
35 storesS1 official primary (opens in new tab)
US - Rhode Island
3 storesS1 official primary (opens in new tab)
US - South Carolina
9 storesS1 official primary (opens in new tab)
US - South Dakota
2 storesS1 official primary (opens in new tab)
US - Tennessee
20 storesS1 official primary (opens in new tab)
US - Texas
108 storesS1 official primary (opens in new tab)
US - Utah
11 storesS1 official primary (opens in new tab)
US - Vermont
1 storesS1 official primary (opens in new tab)
US - Virginia
25 storesS1 official primary (opens in new tab)
US - Washington
5 storesS1 official primary (opens in new tab)
US - West Virginia
7 storesS1 official primary (opens in new tab)
US - Wisconsin
15 storesS1 official primary (opens in new tab)
US - Wyoming
2 storesS1 official primary (opens in new tab)
United Arab Emirates
5 storesS1 official primary (opens in new tab)

Store counts by market/region — footprint context, not a same-basis comparison.

Disclosed store model

disclosed10/10 source-backed

Company-operated vs franchised footprint, AUV and store-level economics — taken verbatim from each operator's own filing, never inferred. A separate axis from company scale and single-store economics.

Total stores
816 stores
816 restaurants at 2025-12-30: 714 company restaurants and 102 franchise restaurants in 49 states, one US territory and ten foreign countries.
Source-backedS1 official primary (opens in new tab)
Operational scale
$5.9B
Majority-direct company restaurant sales proxy: USD5.847234B FY2025 restaurant and other sales from company restaurants, with total revenue of USD5.878075B including USD30.841M royalties and franchise fees. The system had 714 company restaurants and 102 franchise restaurants; franchise agreements use royalties based on gross sales, but the filing does not provide enough rate/royalty split detail to reconstruct franchise gross sales.
Source-backedS1 official primary (opens in new tab)
Revenue
$5.9B
USD 5.88B revenue (RevenueFromContractWithCustomerExcludingAssessedTax)
Source-backedS1 official primary (opens in new tab)
Company-operated
see brand drilldown
Franchised
see brand drilldown

Brand drilldown

non-additive

Per-brand detail — NOT additive (brands may use different bases / periods) and NOT counted in rankings. Listed for transparency only.

Texas Roadhouse
AUV — average unit volume
8,000,000 USD per unit year
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Same-store sales
0.085 YOY growth 2024
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Unit / store-level profit
17%
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Operating margin
17.1%
FY2024
Source-backedS1 official primary (opens in new tab)
Food cost %
33.4%
FY2024
Source-backedS1 official primary (opens in new tab)
Labor cost %
33%
FY2024
Source-backedS1 official primary (opens in new tab)
Rent cost %
1.5%
FY2024
Source-backedS1 official primary (opens in new tab)

Single-store model

4/8 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Secondary relay (FDD/10-K/release); confirm vs primary.
AUV >$8m 2024 (from $7.6m); avg weekly $153,867 (company).
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Single-store profit
Secondary relay (FDD/10-K/release); confirm vs primary.
Restaurant margin 17% 2024 (from 15.3%).
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Initial investment
GAP — not fabricated.
—
GapSource (opens in new tab)
Franchise fee / royalty
GAP — not fabricated.
—
GapSource (opens in new tab)
Payback period
GAP — not fabricated.
—
GapSource (opens in new tab)
Same-store sales
Secondary relay (FDD/10-K/release); confirm vs primary.
Comp +8.5% corporate / +7.4% US franchised (FY2024).
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Store open / close
GAP — not fabricated.
—
GapSource (opens in new tab)
Company-operated share
Secondary relay (FDD/10-K/release); confirm vs primary.
Mostly company-owned (small franchise base).
2024_or_latest
EstimatedS2 official secondary (opens in new tab)

Cost structure

4/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Food / COGS33.4%
FY2024S1 official primary (opens in new tab)Source-backed
Base restaurant sales $5,341.9M. COGS 33.4/labor 33.0/rent 1.5 (owns much real estate)/other 14.9 -> rest margin 17.1%. Group op margin 9.6%.
Labor33%
FY2024S1 official primary (opens in new tab)Source-backed
Base restaurant sales $5,341.9M. COGS 33.4/labor 33.0/rent 1.5 (owns much real estate)/other 14.9 -> rest margin 17.1%. Group op margin 9.6%.
Rent / occupancy1.5%
FY2024S1 official primary (opens in new tab)Source-backed
Base restaurant sales $5,341.9M. COGS 33.4/labor 33.0/rent 1.5 (owns much real estate)/other 14.9 -> rest margin 17.1%. Group op margin 9.6%.
Delivery commission—
FY2024Gap
Base restaurant sales $5,341.9M. COGS 33.4/labor 33.0/rent 1.5 (owns much real estate)/other 14.9 -> rest margin 17.1%. Group op margin 9.6%.
Marketing—
FY2024Gap
Base restaurant sales $5,341.9M. COGS 33.4/labor 33.0/rent 1.5 (owns much real estate)/other 14.9 -> rest margin 17.1%. Group op margin 9.6%.
Operating margin17.1%
FY2024· restaurant_levelS1 official primary (opens in new tab)Source-backed
Base restaurant sales $5,341.9M. COGS 33.4/labor 33.0/rent 1.5 (owns much real estate)/other 14.9 -> rest margin 17.1%. Group op margin 9.6%.
Not separately disclosed15%

Supply chain

1 suppliers · 1 with S1 filing

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

Karat Packaging Inc.KRT
Packaging
discloses as: Texas Roadhouse
—named (no % disclosed)S1 filingsource (opens in new tab)

Peers in this segment

BJ's RestaurantsCompany-operated revenue (proxy)ONE Group HospitalityCompany-operated revenue (proxy)

Same segment — each operator keeps its own scale basis; this is navigation, not a like-for-like comparison.