Cheesecake Factory vs Texas Roadhouse
Texas Roadhouse reported revenue of $5.9 billion in fiscal 2025, 1.6 times Cheesecake Factory's $3.8 billion in fiscal 2025. Cheesecake Factory's revenue grew 4.8% in its latest year, and Texas Roadhouse's grew 9.4%. Cheesecake Factory had an operating margin of 5.0%, against 8.1% at Texas Roadhouse. Free cash flow was $155 million at Cheesecake Factory and $342 million at Texas Roadhouse.
Side by side
| Cheesecake Factory | Texas Roadhouse | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 30, 2025 | FY2025, Dec 30, 2025 |
| Revenue | $3.8B | $5.9B |
| Revenue growth | 4.8% | 9.4% |
| Revenue growth a year, last 5 years | 13.6% | 19.6% |
| Gross margin | — | — |
| Operating margin | 5.0% | 8.1% |
| Net margin | 4.0% | 7.0% |
| Free cash flow | $155M | $342M |
| Free cash flow margin | 4.1% | 5.8% |
| Return on capital | 20.5% | 33.0% |
| Net debt to EBITDA | 1.4x | −0.2x |
| Dividends and buybacks | $206M | $331M |
| Change in diluted share count | −0.9% | −0.8% |
| Last close | $110.13 | $165.82 |
| P/E at the last close | 29.8× | 26.5× |
| Insider trades, last 12 months | sold $30.1 million | sold $9.9 million |
| Piotroski F-score | 5 of 8 | 4 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Cheesecake FactoryTexas Roadhouse
Operating margin
Percent of revenue
Cheesecake FactoryTexas Roadhouse
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Cheesecake FactoryTexas Roadhouse
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Cheesecake Factory and Texas Roadhouse pages.