DPZ vs TXRH: Domino's Pizza and Texas Roadhouse compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Texas Roadhouse is the larger company, worth $10.5B, close to Domino's Pizza's $10.1B.
- Texas Roadhouse grew revenue faster over the last year (+11.1% vs +5.0%).
- Domino's Pizza keeps more of each dollar of revenue as operating profit (19.3% vs 7.8%).
- On earnings, Domino's Pizza is the cheaper stock (17.6x vs 25.6x).
- Texas Roadhouse's price assumes faster free cash flow growth: about 11% a year, against 1% for Domino's Pizza (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | DPZ | TXRH |
|---|---|---|
| Market cap | $10.1B | $10.5B |
| Share price | $309.36 | $161.50 |
| Revenue (last fiscal year) | $4.9B | $5.9B |
| Free cash flow (last fiscal year) | $672M | $342M |
| Revenue growth, last year | +5.0% | +11.1% |
| Revenue growth per year, last 5 fiscal years | +3.2% | +14.1% |
| Operating margin | 19.3% | 7.8% |
| Net margin | 12.2% | 6.6% |
| Return on equity | — | 26.5% |
| P/E (trailing) | 17.6x | 25.6x |
| Price / free cash flow | 15.0x | 30.8x |
| EV / EBITDA | 14.9x | 16.0x |
| FCF growth the price implies | 1.2% | 10.6% |
| Dividend yield | 2.4% | 1.7% |
| Debt / equity | — | 1.34x |
| Fundamental grade | B | D |
| Superinvestors holding it | 4 | 6 |
| Insider purchases, last 12 months | 8 | 3 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Domino's Pizza
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $4.4B | $560M | 17.9% |
| 2022 | $4.5B | $388M | 16.9% |
| 2023 | $4.5B | $485M | 18.3% |
| 2024 | $4.7B | $512M | 18.7% |
| 2025 | $4.9B | $672M | 19.3% |
Texas Roadhouse
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $3.5B | $268M | 8.6% |
| 2022 | $4.0B | $266M | 8.0% |
| 2023 | $4.6B | $218M | 7.6% |
| 2024 | $5.4B | $399M | 9.6% |
| 2025 | $5.9B | $342M | 8.1% |
Where the revenue comes from
Domino's Pizza · by segments, 2025
Supply Chain$3.0B61%
U S Stores$1.6B33%
International Franchise$339M7%
Texas Roadhouse · by products, 2025
Restaurant and other sales$5.8B99%
Franchise royalties$28M0%
Franchise fees$3M0%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open DPZ in InvestinglyQuestions
Which is bigger, Domino's Pizza or Texas Roadhouse?
Texas Roadhouse (TXRH), at $10.5B against $10.1B.
Is DPZ or TXRH cheaper?
By trailing P/E, Domino's Pizza (17.6x) is cheaper than Texas Roadhouse (25.6x). A lower multiple can also mean the market expects less growth.
Which grows faster, DPZ or TXRH?
Texas Roadhouse: revenue grew +11.1% over the last year, against +5.0%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.