TH International (THCH) EBITDA (2021 - 2025)
TH International (THCH) reported EBITDA of -$29.3 million for Q4 2025, down 42.43% year-over-year from -$50.9 million in Q4 2024, and down 198.0% on a QoQ basis from -$9.8 million in Q3 2025.
TH International (THCH) has 5 years of EBITDA data on file, last reported at -$29.3 million in Q4 2025.
- Quarterly EBITDA fell 42.43% year-over-year to -$29.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$57.4 million (up 1.67% YoY) and the FY2025 annual result came in at -$58.1 million, down 0.74% from the prior year.
- EBITDA eased to -$29.3 million in Q4 2025 per THCH's latest filing, from -$9.8 million in the prior quarter.
- Across five years, EBITDA topped out at -$6.4 million in Q2 2024 and bottomed at -$40.6 million in Q4 2023.
- The 5-year median for EBITDA is -$22.3 million (2021), against an average of -$21.7 million.
- The widest annual swing landed in 2022, when EBITDA sank 71.23%; it then soared 80.58% in 2024.
- Tracing THCH's EBITDA over 5 years: stood at -$21.8 million in 2021, then tumbled by 44.09% to -$31.5 million in 2022, then declined by 28.96% to -$40.6 million in 2023, then soared by 49.29% to -$20.6 million in 2024, then slumped by 42.43% to -$29.3 million in 2025.
- Per Business Quant, the three latest THCH EBITDA figures stand at -$29.3 million (Q4 2025), -$9.8 million (Q3 2025), and -$10.3 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 1.19 Bn |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 644.00 Mn |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 302.10 Mn |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 606.00 Mn |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 406.40 Mn |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 447.00 Mn |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 123.38 Mn |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 230.36 Mn |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 2.81 Mn |
| 10 | TH International | 9.22 Mn | -9.96 Mn | 38.17 Mn | -29.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -29.32 Mn |
| Sep 30, 2025 | -9.84 Mn |
| Jun 30, 2025 | -10.31 Mn |
| Mar 31, 2025 | -7.95 Mn |
| Dec 31, 2024 | -20.58 Mn |
| Sep 30, 2024 | -10.73 Mn |
| Jun 30, 2024 | -6.38 Mn |
| Mar 31, 2024 | -20.69 Mn |
| Dec 31, 2023 | -40.59 Mn |
| Sep 30, 2023 | -22.83 Mn |
| Jun 30, 2023 | -32.87 Mn |
| Mar 31, 2023 | -25.53 Mn |
| Dec 31, 2022 | -31.48 Mn |
| Sep 30, 2022 | -29.85 Mn |
| Jun 30, 2022 | -28.07 Mn |
| Mar 31, 2022 | -23.81 Mn |
| Dec 31, 2021 | -21.85 Mn |
| Sep 30, 2021 | -17.43 Mn |