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Side-by-side financial comparison of eXp World Holdings, Inc. (EXPI) and Texas Roadhouse, Inc. (TXRH). Click either name above to swap in a different company.

Texas Roadhouse, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.2× eXp World Holdings, Inc.). Texas Roadhouse, Inc. runs the higher net margin — 5.8% vs -1.1%, a 6.9% gap on every dollar of revenue. On growth, eXp World Holdings, Inc. posted the faster year-over-year revenue change (8.5% vs 3.1%). Over the past eight quarters, Texas Roadhouse, Inc.'s revenue compounded faster (12.8% CAGR vs 12.4%).

eXp World Holdings, Inc. is a global cloud-based real estate services provider. It operates the eXp Realty brokerage network, leverages immersive virtual 3D campus environments to support agent collaboration and operations, serves residential and commercial real estate markets across over 20 countries, and offers complementary services including mortgage, title insurance and professional development resources for real estate practitioners.

Texas Roadhouse is an American steakhouse chain that specializes in steaks in a Texan and Southwestern cuisine style. It is a subsidiary of Texas Roadhouse Inc, which has two other concepts and is headquartered in Louisville, Kentucky. As of August 2025, the chain operates about 800 locations in 49 U.S. states and 70 international locations in 11 countries.

EXPI vs TXRH — Head-to-Head

Bigger by revenue
TXRH
TXRH
1.2× larger
TXRH
$1.5B
$1.2B
EXPI
Growing faster (revenue YoY)
EXPI
EXPI
+5.5% gap
EXPI
8.5%
3.1%
TXRH
Higher net margin
TXRH
TXRH
6.9% more per $
TXRH
5.8%
-1.1%
EXPI
Faster 2-yr revenue CAGR
TXRH
TXRH
Annualised
TXRH
12.8%
12.4%
EXPI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EXPI
EXPI
TXRH
TXRH
Revenue
$1.2B
$1.5B
Net Profit
$-12.9M
$86.7M
Gross Margin
Operating Margin
-1.1%
6.5%
Net Margin
-1.1%
5.8%
Revenue YoY
8.5%
3.1%
Net Profit YoY
-35.7%
-26.9%
EPS (diluted)
$-0.08
$1.29

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EXPI
EXPI
TXRH
TXRH
Q4 25
$1.2B
$1.5B
Q3 25
$1.3B
$1.4B
Q2 25
$1.3B
$1.4B
Q1 25
$954.9M
Q4 24
$1.1B
$1.4B
Q3 24
$1.2B
$1.3B
Q2 24
$1.3B
$1.3B
Q1 24
$943.1M
$1.3B
Net Profit
EXPI
EXPI
TXRH
TXRH
Q4 25
$-12.9M
$86.7M
Q3 25
$3.5M
$84.9M
Q2 25
$-2.3M
$116.1M
Q1 25
$-11.0M
Q4 24
$-9.5M
$118.5M
Q3 24
$-8.5M
$86.8M
Q2 24
$12.4M
$123.1M
Q1 24
$-15.6M
$116.0M
Gross Margin
EXPI
EXPI
TXRH
TXRH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
99.9%
Q2 24
99.9%
Q1 24
Operating Margin
EXPI
EXPI
TXRH
TXRH
Q4 25
-1.1%
6.5%
Q3 25
0.3%
6.7%
Q2 25
-0.2%
9.3%
Q1 25
-1.1%
Q4 24
-1.0%
9.6%
Q3 24
-0.7%
8.0%
Q2 24
1.4%
10.6%
Q1 24
-1.9%
10.1%
Net Margin
EXPI
EXPI
TXRH
TXRH
Q4 25
-1.1%
5.8%
Q3 25
0.3%
5.9%
Q2 25
-0.2%
8.0%
Q1 25
-1.2%
Q4 24
-0.9%
8.2%
Q3 24
-0.7%
6.8%
Q2 24
1.0%
9.2%
Q1 24
-1.7%
8.8%
EPS (diluted)
EXPI
EXPI
TXRH
TXRH
Q4 25
$-0.08
$1.29
Q3 25
$0.02
$1.25
Q2 25
$-0.01
$1.70
Q1 25
$-0.07
Q4 24
$-0.06
$1.73
Q3 24
$-0.06
$1.26
Q2 24
$0.08
$1.79
Q1 24
$-0.10
$1.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EXPI
EXPI
TXRH
TXRH
Cash + ST InvestmentsLiquidity on hand
$124.2M
$134.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$242.8M
$1.5B
Total Assets
$442.5M
$3.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPI
EXPI
TXRH
TXRH
Q4 25
$124.2M
$134.7M
Q3 25
$112.8M
$108.2M
Q2 25
$94.6M
$221.1M
Q1 25
$115.7M
Q4 24
$113.6M
$245.2M
Q3 24
$130.4M
$189.2M
Q2 24
$108.4M
$197.5M
Q1 24
$109.2M
$213.4M
Stockholders' Equity
EXPI
EXPI
TXRH
TXRH
Q4 25
$242.8M
$1.5B
Q3 25
$235.3M
$1.5B
Q2 25
$218.4M
$1.4B
Q1 25
$212.0M
Q4 24
$204.9M
$1.4B
Q3 24
$211.1M
$1.3B
Q2 24
$220.3M
$1.3B
Q1 24
$222.4M
$1.2B
Total Assets
EXPI
EXPI
TXRH
TXRH
Q4 25
$442.5M
$3.5B
Q3 25
$458.7M
$3.3B
Q2 25
$481.2M
$3.2B
Q1 25
$435.8M
Q4 24
$390.7M
$3.2B
Q3 24
$432.6M
$2.9B
Q2 24
$457.4M
$2.9B
Q1 24
$426.7M
$2.8B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EXPI
EXPI
TXRH
TXRH
Operating Cash FlowLast quarter
$13.8M
Free Cash FlowOCF − Capex
$11.9M
FCF MarginFCF / Revenue
1.0%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$109.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPI
EXPI
TXRH
TXRH
Q4 25
$13.8M
Q3 25
$28.9M
$143.6M
Q2 25
$36.1M
$237.7M
Q1 25
$39.8M
Q4 24
$13.7M
$237.5M
Q3 24
$46.0M
$138.7M
Q2 24
$71.1M
$133.9M
Q1 24
$60.7M
$243.4M
Free Cash Flow
EXPI
EXPI
TXRH
TXRH
Q4 25
$11.9M
Q3 25
$26.6M
$14.7M
Q2 25
$33.3M
$160.4M
Q1 25
$37.3M
Q4 24
$11.6M
$129.7M
Q3 24
$44.4M
$47.7M
Q2 24
$69.7M
$56.1M
Q1 24
$59.3M
$165.8M
FCF Margin
EXPI
EXPI
TXRH
TXRH
Q4 25
1.0%
Q3 25
2.0%
1.0%
Q2 25
2.5%
11.1%
Q1 25
3.9%
Q4 24
1.1%
9.0%
Q3 24
3.6%
3.7%
Q2 24
5.4%
4.2%
Q1 24
6.3%
12.5%
Capex Intensity
EXPI
EXPI
TXRH
TXRH
Q4 25
0.2%
Q3 25
0.2%
9.0%
Q2 25
0.2%
5.3%
Q1 25
0.3%
Q4 24
0.2%
7.5%
Q3 24
0.1%
7.2%
Q2 24
0.1%
5.8%
Q1 24
0.1%
5.9%
Cash Conversion
EXPI
EXPI
TXRH
TXRH
Q4 25
Q3 25
8.26×
1.69×
Q2 25
2.05×
Q1 25
Q4 24
2.00×
Q3 24
1.60×
Q2 24
5.75×
1.09×
Q1 24
2.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EXPI
EXPI

North American Realty$1.1B96%
International Realty$42.2M4%

TXRH
TXRH

Food And Beverage$1.5B99%
Texas Roadhouse Segment$21.2M1%
Franchise$8.2M1%
Franchise Royalty$7.4M0%
Bubba S33Segment$2.3M0%

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