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Side-by-side financial comparison of SELECT MEDICAL HOLDINGS CORP (SEM) 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 ($1.6B vs $1.4B, roughly 1.1× SELECT MEDICAL HOLDINGS CORP). Texas Roadhouse, Inc. runs the higher net margin — 7.6% vs 4.5%, a 3.1% gap on every dollar of revenue. On growth, Texas Roadhouse, Inc. posted the faster year-over-year revenue change (12.8% vs 5.0%). Over the past eight quarters, Texas Roadhouse, Inc.'s revenue compounded faster (11.2% CAGR vs 5.3%).

Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.

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.

SEM vs TXRH — Head-to-Head

Bigger by revenue
TXRH
TXRH
1.1× larger
TXRH
$1.6B
$1.4B
SEM
Growing faster (revenue YoY)
TXRH
TXRH
+7.8% gap
TXRH
12.8%
5.0%
SEM
Higher net margin
TXRH
TXRH
3.1% more per $
TXRH
7.6%
4.5%
SEM
Faster 2-yr revenue CAGR
TXRH
TXRH
Annualised
TXRH
11.2%
5.3%
SEM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
SEM
SEM
TXRH
TXRH
Revenue
$1.4B
$1.6B
Net Profit
$63.8M
$123.4M
Gross Margin
Operating Margin
6.9%
9.0%
Net Margin
4.5%
7.6%
Revenue YoY
5.0%
12.8%
Net Profit YoY
-14.7%
8.6%
EPS (diluted)
$0.35
$1.87

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
SEM
SEM
TXRH
TXRH
Q1 26
$1.4B
$1.6B
Q4 25
$1.4B
$1.5B
Q3 25
$1.4B
$1.4B
Q2 25
$1.3B
$1.4B
Q1 25
$1.4B
Q4 24
$1.3B
$1.4B
Q3 24
$1.3B
$1.3B
Q2 24
$1.3B
$1.3B
Net Profit
SEM
SEM
TXRH
TXRH
Q1 26
$63.8M
$123.4M
Q4 25
$20.2M
$86.7M
Q3 25
$28.8M
$84.9M
Q2 25
$40.6M
$116.1M
Q1 25
$56.7M
Q4 24
$-16.1M
$118.5M
Q3 24
$55.6M
$86.8M
Q2 24
$77.6M
$123.1M
Operating Margin
SEM
SEM
TXRH
TXRH
Q1 26
6.9%
9.0%
Q4 25
4.6%
6.5%
Q3 25
5.4%
6.7%
Q2 25
6.5%
9.3%
Q1 25
8.3%
Q4 24
1.6%
9.6%
Q3 24
4.3%
8.0%
Q2 24
5.8%
10.6%
Net Margin
SEM
SEM
TXRH
TXRH
Q1 26
4.5%
7.6%
Q4 25
1.4%
5.8%
Q3 25
2.1%
5.9%
Q2 25
3.0%
8.0%
Q1 25
4.2%
Q4 24
-1.2%
8.2%
Q3 24
4.4%
6.8%
Q2 24
6.1%
9.2%
EPS (diluted)
SEM
SEM
TXRH
TXRH
Q1 26
$0.35
$1.87
Q4 25
$0.17
$1.29
Q3 25
$0.23
$1.25
Q2 25
$0.32
$1.70
Q1 25
$0.44
Q4 24
$-0.12
$1.73
Q3 24
$0.43
$1.26
Q2 24
$0.60
$1.79

Balance Sheet & Financial Strength

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

Metric
SEM
SEM
TXRH
TXRH
Cash + ST InvestmentsLiquidity on hand
$25.7M
$214.6M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$2.1B
Total Assets
$6.0B
$3.6B
Debt / EquityLower = less leverage
0.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SEM
SEM
TXRH
TXRH
Q1 26
$25.7M
$214.6M
Q4 25
$26.5M
$134.7M
Q3 25
$60.1M
$108.2M
Q2 25
$52.3M
$221.1M
Q1 25
$53.2M
Q4 24
$59.7M
$245.2M
Q3 24
$191.5M
$189.2M
Q2 24
$111.2M
$197.5M
Total Debt
SEM
SEM
TXRH
TXRH
Q1 26
$1.8B
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.7B
Q3 24
$3.1B
Q2 24
$3.6B
Stockholders' Equity
SEM
SEM
TXRH
TXRH
Q1 26
$2.1B
Q4 25
$1.7B
$1.5B
Q3 25
$1.7B
$1.5B
Q2 25
$1.7B
$1.4B
Q1 25
$1.7B
Q4 24
$1.7B
$1.4B
Q3 24
$1.9B
$1.3B
Q2 24
$1.4B
$1.3B
Total Assets
SEM
SEM
TXRH
TXRH
Q1 26
$6.0B
$3.6B
Q4 25
$5.9B
$3.5B
Q3 25
$5.7B
$3.3B
Q2 25
$5.7B
$3.2B
Q1 25
$5.7B
Q4 24
$5.6B
$3.2B
Q3 24
$8.0B
$2.9B
Q2 24
$7.9B
$2.9B
Debt / Equity
SEM
SEM
TXRH
TXRH
Q1 26
0.88×
Q4 25
1.06×
Q3 25
1.03×
Q2 25
1.10×
Q1 25
1.03×
Q4 24
1.01×
Q3 24
1.62×
Q2 24
2.54×

Cash Flow & Capital Efficiency

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

Metric
SEM
SEM
TXRH
TXRH
Operating Cash FlowLast quarter
$259.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
2.10×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SEM
SEM
TXRH
TXRH
Q1 26
$259.1M
Q4 25
$64.3M
Q3 25
$175.3M
$143.6M
Q2 25
$110.3M
$237.7M
Q1 25
$-3.5M
Q4 24
$125.4M
$237.5M
Q3 24
$181.0M
$138.7M
Q2 24
$278.2M
$133.9M
Free Cash Flow
SEM
SEM
TXRH
TXRH
Q1 26
Q4 25
$5.2M
Q3 25
$122.2M
$14.7M
Q2 25
$45.6M
$160.4M
Q1 25
$-55.8M
Q4 24
$62.0M
$129.7M
Q3 24
$130.3M
$47.7M
Q2 24
$222.6M
$56.1M
FCF Margin
SEM
SEM
TXRH
TXRH
Q1 26
Q4 25
0.4%
Q3 25
9.0%
1.0%
Q2 25
3.4%
11.1%
Q1 25
-4.1%
Q4 24
4.7%
9.0%
Q3 24
10.2%
3.7%
Q2 24
17.4%
4.2%
Capex Intensity
SEM
SEM
TXRH
TXRH
Q1 26
4.9%
Q4 25
4.2%
Q3 25
3.9%
9.0%
Q2 25
4.8%
5.3%
Q1 25
3.9%
Q4 24
4.8%
7.5%
Q3 24
4.0%
7.2%
Q2 24
4.3%
5.8%
Cash Conversion
SEM
SEM
TXRH
TXRH
Q1 26
2.10×
Q4 25
3.19×
Q3 25
6.09×
1.69×
Q2 25
2.72×
2.05×
Q1 25
-0.06×
Q4 24
2.00×
Q3 24
3.25×
1.60×
Q2 24
3.59×
1.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SEM
SEM

Segment breakdown not available.

TXRH
TXRH

Restaurant and other sales$1.6B100%
Royalties and franchise fees$6.5M0%

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