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Texas Roadhouse cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$11.1M in Q3 2026 · $403M over twelve months

Operating cash flow$147M
Capital spending−$136M
Free cash flow+$11.1M
Cash / net income1.6×

Analysis

In Q3 2026, Texas Roadhouse generated $147M of operating cash flow and spent $136M on capital projects, leaving free cash flow of $11.1M.

Over the twelve months to Sep 29, 2026, operating cash flow was $806M; the largest uses were capital spending ($404M), dividends ($193M), buybacks ($134M); besides operations, cash came from other financing ($52.6M), other investing ($15.0M); the cash balance rose by $33.2M.

Operating cash flow was $147M against net income of $91.3M — 1.6× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$60.3M, deferred revenue −$32.6M, payables −$18.7M.

Free cash flow

Texas Roadhouse: free cash flow by quarterTexas Roadhouse: free cash flow by quarter$130MQ4 2024$160MQ1 2025$35.7MQ2 2025$14.7MQ3 2025$131MQ4 2025$179MQ1 2026$81.5MQ2 2026$11.1MQ3 2026
Operating cash flow less capital spending.
Texas Roadhouse: operating cash flow against capital spendingTexas Roadhouse: operating cash flow against capital spendingOperating cash flowCapital spending$238M$108MQ4 2024$238M$77.4MQ1 2025$128M$92.5MQ2 2025$144M$129MQ3 2025$220M$89.2MQ4 2025$259M$80.2MQ1 2026$180M$98.7MQ2 2026$147M$136MQ3 2026
Latest (Q3 2026): Operating cash flow $147M, Capital spending $136M.

Capital allocation, year by year

Texas Roadhouse: where the cash came from (up) and went (down), by fiscal yearTexas Roadhouse: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $469MFY2021: Net borrowing −$140MFY2021: Capital spending −$201MFY2021: Buybacks −$51.6MFY2021: Dividends −$83.7M$469MFY2021FY2022: Operating cash flow $512MFY2022: Net borrowing −$50.0MFY2022: Asset sales $2.3MFY2022: Capital spending −$246MFY2022: Acquisitions −$33.1MFY2022: Buybacks −$213MFY2022: Dividends −$124M$514MFY2022FY2023: Operating cash flow $565MFY2023: Net borrowing −$50.0MFY2023: Asset sales $2.1MFY2023: Capital spending −$347MFY2023: Acquisitions −$39.2MFY2023: Buybacks −$50.0MFY2023: Dividends −$147M$567MFY2023FY2024: Operating cash flow $754MFY2024: Asset sales $1.4MFY2024: Capital spending −$354MFY2024: Buybacks −$80.0MFY2024: Dividends −$163M$755MFY2024FY2025: Operating cash flow $730MFY2025: Asset sales $1.2MFY2025: Capital spending −$388MFY2025: Acquisitions −$108MFY2025: Buybacks −$150MFY2025: Dividends −$180M$731MFY2025
Over these 5 years operating cash flow totalled $3.0B; the largest uses were capital spending ($1.5B) and dividends ($698M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$141M
Debt$50.0M
Net cash$91.4M

Texas Roadhouse funds itself: free cash flow was $403M over the last twelve months, and $141M of cash and investments stands against $50.0M of debt.

Where the cash came from and went

Texas Roadhouse: sources (+) and uses (−) of cash, Q3 2026Texas Roadhouse: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$147MCapital spending−$136MCash drawn (+) / kept (−)$61.0MDividends−$49.2MBuybacks−$12.4MTaxes on employees’ shares−$9.4MOther investing$2.5MPartners−$2.5MOther financing−$1.2M
Texas Roadhouse: sources (+) and uses (−) of cash, TTM to Q3 2026Texas Roadhouse: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$806MCapital spending−$404MDividends−$193MBuybacks−$134MAcquisitions−$85.1MOther financing$52.6MCash drawn (+) / kept (−)−$33.2MOther investing$15.0MTaxes on employees’ shares−$14.9MPartners−$10.2M

From profit to cash

Texas Roadhouse: net income to operating cash flow, Q3 2026Texas Roadhouse: net income to operating cash flow, Q3 2026Net income$91.3MDepreciation & amortization$60.3MStock-based pay$14.2MDeferred taxes$7.8MGains on disposals$562KReceivables$16.8MInventory$481KPayables−$18.7MAccrued liabilities−$811KEmployee-related liabilities−$2.5MDeferred revenue−$32.6MPrepaid and other assets−$2.6MOther liabilities$3.7MIncome taxes payable−$2.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$147M−$136M—−$12.4M−$49.2M—$61.0M$11.1M
Q2 2026$180M−$98.7M—−$43.6M−$49.3M—$12.1M$81.5M
Q1 2026$259M−$80.2M−$71.8M−$28.2M−$49.4M$50.0M−$79.9M$179M
Q4 2025$220M−$89.2M−$13.3M−$50.0M−$44.9M—−$26.5M$131M
Q3 2025$144M−$129M−$352K−$40.0M−$45.1M—$68.6M$14.7M
Q2 2025$128M−$92.5M−$15.6M−$10.3M−$45.1M—$44.3M$35.7M
Q1 2025$238M−$77.4M−$78.3M−$50.2M−$45.2M—$24.1M$160M
Q4 2024$238M−$108M—−$35.3M−$40.7M—−$56.0M$130M

Texas Roadhouse: income statement and cash flow

Texas Roadhouse, Q3 2026: revenue $1.6B (+10% year over year), operating margin 6.5%. The chart follows the revenue to costs, profit and cash.

Texas Roadhouse: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.