TH International (THCH) EBT Margin (2021 - 2025)
TH International (THCH) reported EBT Margin of 73.65% for Q4 2025, down 3209.0% year-over-year from 2.37% in Q4 2024, and down 257.49% quarter-over-quarter from 20.6% in Q3 2025.
TH International (THCH) EBT Margin (2021 - 2025) Analysis & Trends
TH International (THCH) has 5 years of EBT Margin data on file, last reported at 73.65% in Q4 2025.
- EBT Margin for Q4 2025 came in at 73.65%, down 3209.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 33.32% (down 22.0% YoY), and the FY2025 annual result was 33.07%, down 13.0% from the prior year.
- EBT Margin retreated to 73.65% in Q4 2025 per THCH's latest filing, from 20.6% in the prior quarter.
- Over five years, EBT Margin peaked at 19.6% in Q1 2025 and troughed at 98.0% in Q2 2022.
- A 5-year average of 51.04% and a median of 53.57% in 2023 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2023 and 2025: EBT Margin surged 4270 bps in 2023, then slumped 3209 bps in 2025.
- A 5-year view of EBT Margin shows it stood at 61.17% in 2021, then fell by 21 bps to 73.93% in 2022, then declined by 8 bps to 79.52% in 2023, then surged by 48 bps to 41.57% in 2024, then tumbled by 77 bps to 73.65% in 2025.
- Business Quant data shows THCH's EBT Margin at 73.65% in Q4 2025, 20.6% in Q3 2025, and 21.62% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 7.64% |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 13.14% |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 25.06% |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 21.33% |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 10.67% |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 13.82% |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 9.00% |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 15.70% |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 2.21% |
| 10 | TH International | 7.70 Mn | -11.48 Mn | 38.17 Mn | -73.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -73.65% |
| Sep 30, 2025 | -20.60% |
| Jun 30, 2025 | -21.62% |
| Mar 31, 2025 | -19.60% |
| Dec 31, 2024 | -41.57% |
| Sep 30, 2024 | -24.19% |
| Jun 30, 2024 | -26.82% |
| Mar 31, 2024 | -41.18% |
| Dec 31, 2023 | -79.52% |
| Sep 30, 2023 | -36.59% |
| Jun 30, 2023 | -55.30% |
| Mar 31, 2023 | -51.85% |
| Dec 31, 2022 | -73.93% |
| Sep 30, 2022 | -63.78% |
| Jun 30, 2022 | -98.00% |
| Mar 31, 2022 | -67.33% |
| Dec 31, 2021 | -61.17% |
| Sep 30, 2021 | -62.09% |