Texas Roadhouse (TXRH) Operating Margin (2010 - 2026)
Texas Roadhouse (TXRH) recorded Operating Margin of 8.50% in Q2 2026, down 1.18 percentage points from 9.68% a year earlier and down 0.46 percentage points from the prior quarter.
Texas Roadhouse (TXRH) Operating Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Texas Roadhouse's Operating Margin came in at 7.75% as of Jun 30, 2026, down 1.45 percentage points year-over-year; for FY2025, it was 8.08%, down 1.54 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +7.08 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 9.61% in FY2024 (+1.97 pp), 7.64% in FY2023 (-0.33 pp), 7.98% in FY2022 (-0.60 pp) and 8.58% in FY2021 (+7.59 pp).
- Quarterly Operating Margin has ranged from 6.53% in Q4 2025 to 10.65% in Q2 2024 over the past five years.
- On a year-over-year basis, Operating Margin has declined for six consecutive quarters, with an average year-over-year change of -0.47 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 4.04 percentage points in Q4 2021, against a drop of 3.11 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 8.96% (Q1 2026), 6.53% (Q4 2025) and 6.75% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 171.96 Bn | 166.78 Bn | 6.42 Bn | 47.02% |
| 2 | Starbucks | 110.34 Bn | 97.96 Bn | - | 10.52% |
| 3 | Yum Brands | 41.48 Bn | 38.36 Bn | 1.47 Bn | 30.20% |
| 4 | Chipotle Mexican Grill | 39.00 Bn | 34.98 Bn | - | 15.70% |
| 5 | Restaurant Brands International | 25.80 Bn | 21.35 Bn | 1.38 Bn | 28.41% |
| 6 | Darden Restaurants | 24.38 Bn | 23.48 Bn | 1.68 Bn | 9.98% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 28.41% |
| 8 | Yum China Holdings | 15.57 Bn | 9.23 Bn | 537.00 Mn | 11.09% |
| 9 | Texas Roadhouse | 11.21 Bn | 10.55 Bn | - | 8.50% |
| 10 | Luckin Coffee | 10.73 Bn | 9.81 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.50% |
| Mar 31, 2026 | 8.96% |
| Dec 30, 2025 | 6.53% |
| Sep 30, 2025 | 6.75% |
| Jul 1, 2025 | 9.68% |
| Apr 1, 2025 | 9.31% |
| Dec 31, 2024 | 9.64% |
| Sep 24, 2024 | 8.01% |
| Jun 25, 2024 | 10.65% |
| Mar 26, 2024 | 10.08% |
| Dec 26, 2023 | 7.19% |
| Sep 26, 2023 | 6.58% |
| Jun 27, 2023 | 8.15% |
| Mar 28, 2023 | 8.60% |
| Dec 27, 2022 | 6.82% |
| Sep 27, 2022 | 7.58% |
| Jun 28, 2022 | 8.39% |
| Mar 29, 2022 | 9.13% |
| Dec 28, 2021 | 7.24% |
| Sep 28, 2021 | 7.10% |
Texas Roadhouse Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=TXRH&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "TXRH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=TXRH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();