• Texas Roadhouse average return on tangible equity for 2023 was 32.58, a 10.63% increase from 2022.
• Texas Roadhouse average return on tangible equity for 2022 was 29.45, a 44.01% increase from 2021.
• Texas Roadhouse average return on tangible equity for 2021 was 20.45, a 123.25% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.