TH International (THCH) EBIAT (2021 - 2025)
TH International (THCH) reported EBIAT of -$32.5 million for Q4 2025, down 79.12% year-over-year from -$155.6 million in Q4 2024, and down 215.22% on a QoQ basis from -$10.3 million in Q3 2025.
TH International (THCH) has 5 years of EBIAT data on file, last reported at -$32.5 million in Q4 2025.
- Quarterly EBIAT fell 79.12% year-over-year to -$32.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$61.4 million (down 8.68% YoY) and the FY2025 annual result came in at -$62.3 million, down 11.22% from the prior year.
- EBIAT retreated to -$32.5 million in Q4 2025 per THCH's latest filing, from -$10.3 million in the prior quarter.
- Across five years, EBIAT topped out at -$6.4 million in Q2 2024 and bottomed at -$43.8 million in Q4 2023.
- The 5-year median for EBIAT is -$21.7 million (2021), against an average of -$21.7 million.
- The widest annual swing landed in 2024, when EBIAT soared 79.67%; it then slumped 79.12% in 2025.
- Tracing THCH's EBIAT over 5 years: stood at -$21.4 million in 2021, then tumbled by 50.79% to -$32.3 million in 2022, then plunged by 35.63% to -$43.8 million in 2023, then surged by 58.62% to -$18.1 million in 2024, then tumbled by 79.12% to -$32.5 million in 2025.
- Per Business Quant, the three latest THCH EBIAT figures stand at -$32.5 million (Q4 2025), -$10.3 million (Q3 2025), and -$10.5 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.41 Bn | 115.72 Bn | 9.40 Bn | 510.80 Mn |
| 2 | Yum Brands | 42.98 Bn | 42.29 Bn | 1.38 Bn | 432.00 Mn |
| 3 | Chipotle Mexican Grill | 42.70 Bn | 41.83 Bn | 2.61 Bn | 302.82 Mn |
| 4 | Restaurant Brands International | 26.16 Bn | 26.69 Bn | 2.14 Bn | 445.00 Mn |
| 5 | Darden Restaurants | 23.59 Bn | 23.35 Bn | 3.31 Bn | 310.60 Mn |
| 6 | Yum China Holdings | 15.73 Bn | 14.30 Bn | 3.24 Bn | 331.00 Mn |
| 7 | Texas Roadhouse | 11.71 Bn | 11.51 Bn | 1.40 Bn | 126.00 Mn |
| 8 | Dominos Pizza | 10.64 Bn | 10.41 Bn | 464.51 Mn | 139.81 Mn |
| 9 | Cava | 9.31 Bn | 8.92 Bn | 797.57 Mn | 4.92 Mn |
| 10 | TH International | 9.10 Mn | -10.08 Mn | 38.17 Mn | -32.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -32.49 Mn |
| Sep 30, 2025 | -10.31 Mn |
| Jun 30, 2025 | -10.50 Mn |
| Mar 31, 2025 | -8.11 Mn |
| Dec 31, 2024 | -18.14 Mn |
| Sep 30, 2024 | -12.19 Mn |
| Jun 30, 2024 | -6.38 Mn |
| Mar 31, 2024 | -19.78 Mn |
| Dec 31, 2023 | -43.83 Mn |
| Sep 30, 2023 | -21.88 Mn |
| Jun 30, 2023 | -31.40 Mn |
| Mar 31, 2023 | -25.50 Mn |
| Dec 31, 2022 | -32.31 Mn |
| Sep 30, 2022 | -28.51 Mn |
| Jun 30, 2022 | -26.63 Mn |
| Mar 31, 2022 | -23.83 Mn |
| Dec 31, 2021 | -21.43 Mn |
| Sep 30, 2021 | -17.48 Mn |