Texas Roadhouse (TXRH) FY2023 results: revenue $4.6 billion, up 15.4% on the year
Texas Roadhouse, Inc. (TXRH) reported revenue of $4.6 billion for fiscal 2023, the year ended 26 December 2023, up 15.4% on the year before. Net income was $305 million, up 13.0%, and diluted earnings per share $4.54. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$4.6 billion
+15.4% on the year
FY2016FY2023
Operating margin
7.6%
8.0% a year earlier
FY2016FY2023
Net income
$305 million
+13.0% on the year
FY2016FY2023
Diluted EPS
$4.54
+14.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
565
512
469
+10.4%
Capital expenditure
347
246
201
+41.0%
Free cash flow
218
266
268
-17.9%
Free cash flow margin
4.7%
6.6%
7.7%
Cash from investing
-367
-264
-195
Cash from financing
-267
-410
-301
Depreciation and amortisation
153
137
127
+11.6%
Share-based compensation
34.2
36.7
38.1
-6.6%
Buybacks
50.0
213
51.6
-76.5%
Dividends paid
147
124
83.7
+18.6%
Dividend per share
$2.20
$1.84
$1.20
+19.6%
Diluted shares, weighted
67m
68m
70m
-1.1%
Shares outstanding at period end
67m
67m
69m
-0.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,142
1,013
1,058
+12.7%
Non-controlling interest
15.8
15.0
15.4
+5.5%
Debt
0.0
50.0
100
Operating lease liabilities
743
678
623
+9.7%
Other liabilities
892
770
716
+15.9%
Total liabilities and equity
2,793
2,526
2,512
+10.6%
Fixed assets
1,475
1,270
1,162
+16.1%
Goodwill
170
149
127
+14.1%
Intangible assets
3.5
5.6
1.5
-37.9%
Cash and equivalents
104
174
336
-40.0%
Receivables
175
150
161
+16.8%
Inventory
38.3
38.0
31.6
+0.8%
Other assets
827
739
692
+12.0%
Total assets
2,793
2,526
2,512
+10.6%
10-K for the year ended 26 December 2023, filed 23 February 2024: the filing.