TH International (THCH) FCF Margin (2021 - 2026)

TH International's (THCH) quarterly FCF Margin came in at 9.17% in Q1 2026, down 910.0% year-on-year from 1.13% in Q1 2025, and down 194.59% on a QoQ basis from 3.11% in Q4 2025.

TH International (THCH) FCF Margin (2021 - 2026) Analysis & Trends

TH International (THCH) has 6 years of FCF Margin data on file, last reported at 9.17% in Q1 2026.

  • On a quarterly basis, FCF Margin fell 910.0% year-over-year to 9.17% in Q1 2026; TTM through Mar 2026 was 2.88%, a 190.0% decrease from a year earlier, with the FY2025 full-year figure at 3.49%, down 136.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 9.17%, down from 3.11% in the prior quarter.
  • Over the last five years, FCF Margin for THCH reached as high as 8.64% in Q2 2024 and fell as low as 52.99% in Q1 2022.
  • Historically, FCF Margin has averaged 11.46% across 5 years, with a median of 7.71% in 2024.
  • Across the five-year window, FCF Margin surged 2863 bps in 2022 and tumbled 910 bps in 2026, its largest moves.
  • Year by year, FCF Margin stood at 31.88% in 2022, then jumped by 35 bps to 20.59% in 2023, then soared by 54 bps to 9.51% in 2024, then surged by 67 bps to 3.11% in 2025, then tumbled by 195 bps to 9.17% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 9.17% in Q1 2026, 3.11% in Q4 2025, and 0.48% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Starbucks 117.61 Bn 115.91 Bn 6.32 Bn 0.96%
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn 15.25%
3 Yum Brands 40.68 Bn 39.99 Bn 1.38 Bn 16.56%
4 Restaurant Brands International 25.13 Bn 25.66 Bn 2.14 Bn 7.46%
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn 10.19%
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn 12.41%
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn 13.93%
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn 13.96%
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn 5.97%
10 TH International 35.21 Mn 19.06 Mn 32.43 Mn -9.17%

Historic Data

Download Data
DateValue
Mar 31, 2026 -9.17%
Dec 31, 2025 -3.11%
Sep 30, 2025 -0.48%
Jun 30, 2025 -0.34%
Mar 31, 2025 -0.07%
Dec 31, 2024 -9.51%
Sep 30, 2024 -3.62%
Jun 30, 2024 8.64%
Mar 31, 2024 -7.71%
Dec 31, 2023 -20.59%
Sep 30, 2023 -6.98%
Jun 30, 2023 0.06%
Mar 31, 2023 -25.37%
Dec 31, 2022 -31.88%
Sep 30, 2022 -11.74%
Jun 30, 2022 -20.03%
Mar 31, 2022 -52.99%
Dec 31, 2021 -25.33%
Sep 30, 2021 -40.36%