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Side-by-side financial comparison of PACS Group, Inc. (PACS) 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 $1.4B, roughly 1.1× PACS Group, Inc.). Texas Roadhouse, Inc. runs the higher net margin — 5.8% vs 4.4%, a 1.5% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 3.1%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 12.8%).

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.

PACS vs TXRH — Head-to-Head

Bigger by revenue
TXRH
TXRH
1.1× larger
TXRH
$1.5B
$1.4B
PACS
Growing faster (revenue YoY)
PACS
PACS
+15.3% gap
PACS
18.4%
3.1%
TXRH
Higher net margin
TXRH
TXRH
1.5% more per $
TXRH
5.8%
4.4%
PACS
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
12.8%
TXRH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PACS
PACS
TXRH
TXRH
Revenue
$1.4B
$1.5B
Net Profit
$59.7M
$86.7M
Gross Margin
Operating Margin
7.0%
6.5%
Net Margin
4.4%
5.8%
Revenue YoY
18.4%
3.1%
Net Profit YoY
3022.5%
-26.9%
EPS (diluted)
$0.42
$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
PACS
PACS
TXRH
TXRH
Q4 25
$1.4B
$1.5B
Q3 25
$1.3B
$1.4B
Q2 25
$1.3B
$1.4B
Q1 25
$1.3B
Q4 24
$1.1B
$1.4B
Q3 24
$1.0B
$1.3B
Q2 24
$981.4M
$1.3B
Q1 24
$934.3M
$1.3B
Net Profit
PACS
PACS
TXRH
TXRH
Q4 25
$59.7M
$86.7M
Q3 25
$52.4M
$84.9M
Q2 25
$51.0M
$116.1M
Q1 25
$28.5M
Q4 24
$1.9M
$118.5M
Q3 24
$15.6M
$86.8M
Q2 24
$-10.9M
$123.1M
Q1 24
$49.1M
$116.0M
Gross Margin
PACS
PACS
TXRH
TXRH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
17.1%
Q2 24
22.3%
Q1 24
21.2%
Operating Margin
PACS
PACS
TXRH
TXRH
Q4 25
7.0%
6.5%
Q3 25
6.4%
6.7%
Q2 25
6.2%
9.3%
Q1 25
3.8%
Q4 24
1.7%
9.6%
Q3 24
2.2%
8.0%
Q2 24
0.1%
10.6%
Q1 24
8.6%
10.1%
Net Margin
PACS
PACS
TXRH
TXRH
Q4 25
4.4%
5.8%
Q3 25
3.9%
5.9%
Q2 25
3.9%
8.0%
Q1 25
2.2%
Q4 24
0.2%
8.2%
Q3 24
1.5%
6.8%
Q2 24
-1.1%
9.2%
Q1 24
5.3%
8.8%
EPS (diluted)
PACS
PACS
TXRH
TXRH
Q4 25
$0.42
$1.29
Q3 25
$0.32
$1.25
Q2 25
$0.31
$1.70
Q1 25
$0.17
Q4 24
$-0.03
$1.73
Q3 24
$0.10
$1.26
Q2 24
$-0.07
$1.79
Q1 24
$0.38
$1.69

Balance Sheet & Financial Strength

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

Metric
PACS
PACS
TXRH
TXRH
Cash + ST InvestmentsLiquidity on hand
$197.0M
$134.7M
Total DebtLower is stronger
$353.2M
Stockholders' EquityBook value
$946.8M
$1.5B
Total Assets
$5.6B
$3.5B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACS
PACS
TXRH
TXRH
Q4 25
$197.0M
$134.7M
Q3 25
$355.7M
$108.2M
Q2 25
$294.2M
$221.1M
Q1 25
$287.5M
Q4 24
$157.7M
$245.2M
Q3 24
$49.5M
$189.2M
Q2 24
$73.4M
$197.5M
Q1 24
$81.2M
$213.4M
Total Debt
PACS
PACS
TXRH
TXRH
Q4 25
$353.2M
Q3 25
Q2 25
Q1 25
Q4 24
$411.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PACS
PACS
TXRH
TXRH
Q4 25
$946.8M
$1.5B
Q3 25
$871.3M
$1.5B
Q2 25
$806.8M
$1.4B
Q1 25
$750.2M
Q4 24
$709.6M
$1.4B
Q3 24
$660.0M
$1.3B
Q2 24
$572.1M
$1.3B
Q1 24
$128.0M
$1.2B
Total Assets
PACS
PACS
TXRH
TXRH
Q4 25
$5.6B
$3.5B
Q3 25
$5.6B
$3.3B
Q2 25
$5.5B
$3.2B
Q1 25
$5.5B
Q4 24
$5.2B
$3.2B
Q3 24
$4.5B
$2.9B
Q2 24
$3.9B
$2.9B
Q1 24
$3.9B
$2.8B
Debt / Equity
PACS
PACS
TXRH
TXRH
Q4 25
0.37×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
PACS
PACS
TXRH
TXRH
Operating Cash FlowLast quarter
$-3.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.06×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACS
PACS
TXRH
TXRH
Q4 25
$-3.4M
Q3 25
$204.8M
$143.6M
Q2 25
$52.6M
$237.7M
Q1 25
$150.2M
Q4 24
$64.6M
$237.5M
Q3 24
$209.2M
$138.7M
Q2 24
$34.8M
$133.9M
Q1 24
$58.8M
$243.4M
Free Cash Flow
PACS
PACS
TXRH
TXRH
Q4 25
Q3 25
$14.7M
Q2 25
$160.4M
Q1 25
Q4 24
$129.7M
Q3 24
$47.7M
Q2 24
$56.1M
Q1 24
$165.8M
FCF Margin
PACS
PACS
TXRH
TXRH
Q4 25
Q3 25
1.0%
Q2 25
11.1%
Q1 25
Q4 24
9.0%
Q3 24
3.7%
Q2 24
4.2%
Q1 24
12.5%
Capex Intensity
PACS
PACS
TXRH
TXRH
Q4 25
Q3 25
9.0%
Q2 25
5.3%
Q1 25
Q4 24
7.5%
Q3 24
7.2%
Q2 24
5.8%
Q1 24
5.9%
Cash Conversion
PACS
PACS
TXRH
TXRH
Q4 25
-0.06×
Q3 25
3.91×
1.69×
Q2 25
1.03×
2.05×
Q1 25
5.28×
Q4 24
33.78×
2.00×
Q3 24
13.39×
1.60×
Q2 24
1.09×
Q1 24
1.20×
2.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PACS
PACS

Segment breakdown not available.

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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