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Restaurant Brands International vs Texas Roadhouse: revenue, profit, margins and growth compared

Restaurant Brands International brought in $9.4B of revenue in fiscal 2025, Texas Roadhouse $5.9B in fiscal 2025. Revenue changed by +12.2% at Restaurant Brands International and +9.4% at Texas Roadhouse on the year before, so Restaurant Brands International grew faster. Restaurant Brands International kept 8.2% of its revenue as net profit, Texas Roadhouse 6.9%. Free cash flow was $1.4B at Restaurant Brands International and $342.1M at Texas Roadhouse.

Side by side, latest fiscal year

QSRTXRH
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 30, 2025)
Revenue$9.4B$5.9B
Revenue growth+12.2%+9.4%
Net income$776M$405.6M
Net margin8.2%6.9%
Free cash flow$1.4B$342.1M
Free cash flow margin15.4%5.8%
Earnings per share (diluted)$2.35$6.10
Cash$1.2B$134.7M
Debt$13.3B$0
Price to earnings30.526.2
Market value$32.6B$10.5B
Dividend yield3.46%1.70%
Rank by revenue in sector#123 of 778 · Consumer discretionary#180 of 778 · Consumer discretionary

Over the years

Revenue
QSR FY2018: $5.4BQSR FY2019: $5.6BQSR FY2020: $5BQSR FY2021: $5.7BQSR FY2022: $6.5BQSR FY2023: $7BQSR FY2024: $8.4BQSR FY2025: $9.4BTXRH FY2018: $2.5BTXRH FY2019: $2.8BTXRH FY2020: $2.4BTXRH FY2021: $3.5BTXRH FY2022: $4BTXRH FY2023: $4.6BTXRH FY2024: $5.4BTXRH FY2025: $5.9BFY18FY19FY20FY21FY22FY23FY24FY25
QSR $9.4BTXRH $5.9B
Net income
QSR FY2018: $612MQSR FY2019: $643MQSR FY2020: $486MQSR FY2021: $838MQSR FY2022: $1BQSR FY2023: $1.2BQSR FY2024: $1BQSR FY2025: $776MTXRH FY2018: $158.2MTXRH FY2019: $174.5MTXRH FY2020: $31.3MTXRH FY2021: $245.3MTXRH FY2022: $269.8MTXRH FY2023: $304.9MTXRH FY2024: $433.6MTXRH FY2025: $405.6MFY18FY19FY20FY21FY22FY23FY24FY25
QSR $776MTXRH $405.6M
Net margin
QSR FY2018: 11.4%QSR FY2019: 11.5%QSR FY2020: 9.8%QSR FY2021: 14.6%QSR FY2022: 15.5%QSR FY2023: 16.9%QSR FY2024: 12.1%QSR FY2025: 8.2%TXRH FY2018: 6.4%TXRH FY2019: 6.3%TXRH FY2020: 1.3%TXRH FY2021: 7.1%TXRH FY2022: 6.7%TXRH FY2023: 6.6%TXRH FY2024: 8.1%TXRH FY2025: 6.9%FY18FY19FY20FY21FY22FY23FY24FY25
QSR 8.2%TXRH 6.9%
Revenue growth
QSR FY2019: +4.6%QSR FY2020: -11.3%QSR FY2021: +15.5%QSR FY2022: +13.3%QSR FY2023: +7.9%QSR FY2024: +19.7%QSR FY2025: +12.2%TXRH FY2019: +12.2%TXRH FY2020: -13.0%TXRH FY2021: +44.4%TXRH FY2022: +15.9%TXRH FY2023: +15.4%TXRH FY2024: +16.0%TXRH FY2025: +9.4%FY19FY20FY21FY22FY23FY24FY25
QSR +12.2%TXRH +9.4%
Free cash flow
QSR FY2018: $1.1BQSR FY2019: $1.4BQSR FY2020: $804MQSR FY2021: $1.6BQSR FY2022: $1.4BQSR FY2023: $1.2BQSR FY2024: $1.3BQSR FY2025: $1.4BTXRH FY2018: $196.9MTXRH FY2019: $160MTXRH FY2020: $76MTXRH FY2021: $268.1MTXRH FY2022: $265.6MTXRH FY2023: $218MTXRH FY2024: $399.3MTXRH FY2025: $342.1MFY18FY19FY20FY21FY22FY23FY24FY25
QSR $1.4BTXRH $342.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Restaurant Brands International and Texas Roadhouse

Which is bigger by revenue, Restaurant Brands International or Texas Roadhouse?

Restaurant Brands International is bigger by revenue: $9.4B in fiscal 2025, against $5.9B for Texas Roadhouse in fiscal 2025.

Which keeps more of its revenue as profit, Restaurant Brands International or Texas Roadhouse?

Restaurant Brands International had a net margin of 8.2% in fiscal 2025; Texas Roadhouse had 6.9% in fiscal 2025.

Which grew revenue faster, Restaurant Brands International or Texas Roadhouse?

In their latest fiscal years revenue changed by +12.2% at Restaurant Brands International and +9.4% at Texas Roadhouse.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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