Texas Roadhouse Inc (TXRH)

Gross profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Gross profit US$ in thousands 947,256 735,082 653,629 606,502 283,586
Revenue US$ in thousands 5,373,330 4,631,670 4,014,920 3,463,950 2,398,120
Gross profit margin 17.63% 15.87% 16.28% 17.51% 11.83%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $947,256K ÷ $5,373,330K
= 17.63%

The gross profit margin of Texas Roadhouse Inc has shown a positive trend over the years. As of December 31, 2020, the gross profit margin was 11.83%, which increased to 17.51% by December 31, 2021. In the following years, the margin slightly decreased to 16.28% on December 31, 2022, and 15.87% by December 31, 2023. However, by December 31, 2024, the gross profit margin improved to 17.63%. Overall, the company has managed to enhance its gross profit margin, indicating better efficiency in managing production costs and generating more revenue from its core operations.