Texas Roadhouse, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.88B | $5.37B | $4.63B | $4.01B | $3.46B | $2.40B | $2.76B | $2.46B |
| Cost of Revenue | — | — | $3.90B | $3.36B | $2.86B | $2.11B | $2.26B | — |
| Gross Profit | — | — | $735.1M | $653.6M | $606.5M | $283.6M | $496.2M | — |
| Gross Margin | — | — | 15.9% | 16.3% | 17.5% | 11.8% | 18.0% | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $227.3M | $223.3M | $198.4M | $172.7M | $157.5M | $119.5M | $149.4M | $136.2M |
| Operating Income | $474.7M | $516.5M | $354.0M | $320.2M | $297.2M | $23.8M | $212.0M | $187.8M |
| Operating Margin | 8.1% | 9.6% | 7.6% | 8.0% | 8.6% | 1.0% | 7.7% | 7.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $480.8M | $524.5M | $358.3M | $321.3M | $292.9M | $19.3M | $213.9M | $188.6M |
| Income Tax Expense | $66.4M | $80.1M | $44.6M | $43.7M | $39.6M | $-15.7M | $32.4M | $24.3M |
| Net Income | $414.3M | $444.3M | $313.7M | $269.8M | $245.3M | $31.3M | $174.5M | $158.2M |
| Net Margin | 7.0% | 8.3% | 6.8% | 6.7% | 7.1% | 1.3% | 6.3% | 6.4% |
| EPS (Basic) | $6.11 | $6.50 | $4.56 | $3.99 | $3.52 | $0.45 | $2.47 | $2.21 |
| EPS (Diluted) | $6.10 | $6.47 | $4.54 | $3.97 | $3.50 | $0.45 | $2.46 | $2.20 |
| Shares Outstanding (Basic) | 66.3M | 66.8M | 66.9M | 67.6M | 69.7M | 69.4M | 70.5M | 71.5M |
| Shares Outstanding (Diluted) | 66.5M | 67.0M | 67.1M | 67.9M | 70.1M | 69.9M | 70.9M | 72.0M |
| Dividends Per Share | $2.72 | $2.44 | $2.20 | $1.84 | $1.20 | $0.36 | $1.20 | $1.00 |