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KPIsSections14

Income flow

Headline metrics
Revenue — GREEN$3.31B+11.9% YoY
Net income — GREEN$245.4M+3.2% YoY
Net margin — GREEN7.4%
Operating margin — GREEN8.7%
Red flags1 orange
Liquidity1
ORANGE
Current ratio 0.46current_ratio_low
Current assets are below current liabilities — short-term liquidity pressure.
Income Statement
Income Statement
MetricValueFlag
EPS (diluted)$3.72GREEN
Net Income$245.4MGREEN
Net Margin7.4%GREEN
Operating Margin8.7%GREEN
Revenue$3.31BGREEN
Revenue (quarter)$1.68BGREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Broad Liquidity$202.4MGREEN
Cash$202.4MGREEN
Current Ratio0.46GREEN
Debt/Equity0.03GREEN
Total Assets$3.67BGREEN
Total Equity$1.56BGREEN
Cash Flow
Cash Flow
MetricValueFlag
Cash Conversion (CFO/Rev)0.13GREEN
Free Cash Flow$260.4MGREEN
Operating CF$439.2MGREEN
SBC % Revenue0.8%GREEN

Sections in this filing

MD&A

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ​ CAUTIONARY STATEMENT ​ This report contains forward-looking statements based on our current expectations, estimates, and projections about our industry and certain assumptions made by us. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. The section entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 30, 2025, and in Part II, Item 1A in this Form 10-Q, along with disclosures in our other Securities and Exchange Commission ("SEC " ) filings discuss some of the important risk factors that may affect our business, results of operations, or financial condition. You should carefully consider those risks, in addition to the other information in this report, and in our other filings with the SEC, before deciding to invest in our Company or to maintain or increase your investment. We undertake no obligation to revise or update publicly any forward-looking statements, except as may be required by applicable law. The information contained in this Form 10-Q is not a complete description of our business or the risks associated with an investment in our common stock. We urge you to carefully review and consider the various disclosures made by us in this report and in our other reports filed with the SEC that discuss our business in greater detail and advise interested parties of certain risks, uncertainties, and other factors that may affect our business, results of operations, or financial condition. ​ Our Company ​ Texas Roadhouse, Inc. is a growing restaurant company operating predominantly in the casual dining segment. Our late founder, W. Kent Taylor, started the Company