TH International (THCH) EBITDA Margin (2021 - 2025)
TH International (THCH) reported EBITDA Margin of 66.46% for Q4 2025, down 2129.0% year-over-year from 3.28% in Q4 2024, and down 239.76% quarter-over-quarter from 19.56% in Q3 2025.
TH International (THCH) EBITDA Margin (2021 - 2025) Analysis & Trends
TH International (THCH) has 5 years of EBITDA Margin data on file, last reported at 66.46% in Q4 2025.
- EBITDA Margin for Q4 2025 came in at 66.46%, down 2129.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 31.11% (down 122.0% YoY), and the FY2025 annual result was 30.89%, down 61.0% from the prior year.
- EBITDA Margin retreated to 66.46% in Q4 2025 per THCH's latest filing, from 19.56% in the prior quarter.
- Over five years, EBITDA Margin peaked at 12.65% in Q2 2024 and troughed at 103.27% in Q2 2022.
- A 5-year average of 50.35% and a median of 55.0% in 2023 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2023 and 2025: EBITDA Margin soared 4538 bps in 2023, then plunged 2129 bps in 2025.
- A 5-year view of EBITDA Margin shows it stood at 62.36% in 2021, then decreased by 15 bps to 72.01% in 2022, then dropped by 2 bps to 73.67% in 2023, then soared by 39 bps to 45.17% in 2024, then plunged by 47 bps to 66.46% in 2025.
- Business Quant data shows THCH's EBITDA Margin at 66.46% in Q4 2025, 19.56% in Q3 2025, and 21.16% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 12.50% |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 9.78% |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 31.28% |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 26.77% |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 12.15% |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 13.67% |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 7.55% |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 20.02% |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 1.02% |
| 10 | TH International | 7.70 Mn | -11.48 Mn | 38.17 Mn | -66.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -66.46% |
| Sep 30, 2025 | -19.56% |
| Jun 30, 2025 | -21.16% |
| Mar 31, 2025 | -19.19% |
| Dec 31, 2024 | -45.17% |
| Sep 30, 2024 | -20.93% |
| Jun 30, 2024 | -12.65% |
| Mar 31, 2024 | -43.08% |
| Dec 31, 2023 | -73.67% |
| Sep 30, 2023 | -38.17% |
| Jun 30, 2023 | -57.89% |
| Mar 31, 2023 | -52.11% |
| Dec 31, 2022 | -72.01% |
| Sep 30, 2022 | -69.46% |
| Jun 30, 2022 | -103.27% |
| Mar 31, 2022 | -67.26% |
| Dec 31, 2021 | -62.36% |
| Sep 30, 2021 | -61.92% |