TXRH vs YUMC: Texas Roadhouse and Yum China compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Yum China is the larger company, worth $14.6B, about 1.4 times Texas Roadhouse.
- Yum China grew revenue faster over the last year (+12.6% vs +11.1%).
- Yum China keeps more of each dollar of revenue as operating profit (11.1% vs 7.8%).
- On earnings, Yum China is the cheaper stock (16.5x vs 25.6x).
- Texas Roadhouse's price assumes faster free cash flow growth: about 11% a year, against 3% for Yum China (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 | TXRH | YUMC |
|---|---|---|
| Market cap | $10.5B | $14.6B |
| Share price | $161.50 | $42.92 |
| Revenue (last fiscal year) | $5.9B | $11.8B |
| Free cash flow (last fiscal year) | $342M | $840M |
| Revenue growth, last year | +11.1% | +12.6% |
| Revenue growth per year, last 5 fiscal years | +14.1% | +4.6% |
| Operating margin | 7.8% | 11.1% |
| Net margin | 6.6% | 7.8% |
| Return on equity | 26.5% | 18.2% |
| P/E (trailing) | 25.6x | 16.5x |
| Price / free cash flow | 30.8x | 17.3x |
| EV / EBITDA | 16.0x | 8.20x |
| FCF growth the price implies | 10.6% | 3.1% |
| Dividend yield | 1.7% | 2.4% |
| Debt / equity | 1.34x | 0.90x |
| Fundamental grade | D | C |
| Superinvestors holding it | 6 | 3 |
| Insider purchases, last 12 months | 3 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
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% |
Yum China
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $9.9B | $442M | 14.1% |
| 2022 | $9.6B | $734M | 6.6% |
| 2023 | $11.0B | $763M | 10.1% |
| 2024 | $11.3B | $714M | 10.3% |
| 2025 | $11.8B | $840M | 10.9% |
Where the revenue comes from
Texas Roadhouse · by products, 2025
Restaurant and other sales$5.8B99%
Franchise royalties$28M0%
Franchise fees$3M0%
Yum China · by segments, 2025
KFC$8.9B71%
Pizza Hut$2.3B19%
All Other Segments$934M7%
Corporate and Unallocated$418M3%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open TXRH in InvestinglyQuestions
Which is bigger, Texas Roadhouse or Yum China?
Yum China (YUMC), at $14.6B against $10.5B.
Is TXRH or YUMC cheaper?
By trailing P/E, Yum China (16.5x) is cheaper than Texas Roadhouse (25.6x). A lower multiple can also mean the market expects less growth.
Which grows faster, TXRH or YUMC?
Yum China: revenue grew +12.6% over the last year, against +11.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.