TH International (THCH) EBITDA Margin (2021 - 2026)
TH International's EBITDA Margin was -10.46% in the quarter ended Jun 30, 2026, down 7.41 percentage points from -3.04% a year earlier but up 5.54 percentage points from the prior quarter.
TH International (THCH) EBITDA Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, TH International's EBITDA Margin was -15.18% through Jun 30, 2026, down 4.19 percentage points year-over-year; for the year ended Dec 31, 2025, it was -12.99%, up 0.05 percentage points from the prior year.
- EBITDA Margin has now increased for five consecutive years, with a five-year change of +40.45 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, EBITDA Margin was -13.04% in the year ended Dec 31, 2024 (+21.06 pp), -34.10% in the year ended Dec 31, 2023 (+9.83 pp), -43.93% in the year ended Dec 31, 2022 (+2.73 pp) and -46.66% in the year ended Dec 31, 2021 (+6.78 pp).
- Quarterly EBITDA Margin has moved between -75.17% (the quarter ended Jun 30, 2022) and -3.04% (the quarter ended Jun 30, 2025) over five years.
- Compared with a year earlier, EBITDA Margin was higher in five of the last eight quarters, with an average year-over-year change of +5.47 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was the quarter ended Jun 30, 2023 (a gain of 40.08 percentage points); the worst was the quarter ended Dec 31, 2023 (a drop of 15.82 percentage points).
- Per Business Quant data, THCH's EBITDA Margin in the three quarters before the quarter ended Jun 30, 2026 was -15.99% (quarter ended Mar 31, 2026), -26.67% (quarter ended Dec 31, 2025) and -8.27% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 165.62 Bn | 160.44 Bn | 6.42 Bn | 54.98% |
| 2 | Starbucks | 108.79 Bn | 96.42 Bn | - | 14.70% |
| 3 | Chipotle Mexican Grill | 40.35 Bn | 36.33 Bn | - | 18.63% |
| 4 | Yum Brands | 37.59 Bn | 34.48 Bn | 1.47 Bn | 32.96% |
| 5 | Restaurant Brands International | 24.96 Bn | 22.07 Bn | 1.38 Bn | 31.47% |
| 6 | Darden Restaurants | 22.28 Bn | 21.39 Bn | -113.70 Mn | 17.83% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 31.47% |
| 8 | Yum China Holdings | 14.08 Bn | 8.44 Bn | 537.00 Mn | 14.91% |
| 9 | Texas Roadhouse | 10.31 Bn | 9.67 Bn | - | 11.97% |
| 10 | TH International | 43.22 Mn | -30.08 Mn | - | -10.46% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10.46% |
| Mar 31, 2026 | -15.99% |
| Dec 31, 2025 | -26.67% |
| Sep 30, 2025 | -8.27% |
| Jun 30, 2025 | -3.04% |
| Mar 31, 2025 | -16.06% |
| Dec 31, 2024 | -21.93% |
| Sep 30, 2024 | -4.70% |
| Jun 30, 2024 | -3.60% |
| Mar 31, 2024 | -25.02% |
| Dec 31, 2023 | -48.27% |
| Sep 30, 2023 | -28.23% |
| Jun 30, 2023 | -35.09% |
| Mar 31, 2023 | -29.07% |
| Dec 31, 2022 | -32.44% |
| Sep 30, 2022 | -38.81% |
| Jun 30, 2022 | -75.17% |
| Mar 31, 2022 | -48.53% |
| Dec 31, 2021 | -48.38% |
TH International EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=THCH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "THCH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=THCH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();