Growth Metrics

TH International (THCH) FCF Margin (2021 - 2025)

TH International (THCH) reported FCF Margin of 3.11% for Q4 2025, up 640.0% year-over-year from 0.42% in Q4 2024, and down 554.06% on a QoQ basis from 0.48% in Q3 2025.

TH International (THCH) has 5 years of FCF Margin data on file, last reported at 3.11% in Q4 2025.

  • Quarterly FCF Margin rose 640.0% year-over-year to 3.11% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.98% (up 183.0% YoY) and the FY2025 annual result came in at 5.82%, up 454.0% from the prior year.
  • FCF Margin slipped to 3.11% in Q4 2025 per THCH's latest filing, from 0.48% in the prior quarter.
  • Across five years, FCF Margin topped out at 8.64% in Q2 2024 and bottomed at 52.99% in Q1 2022.
  • The 5-year median for FCF Margin is 8.61% (2024), against an average of 13.99%.
  • The widest annual swing landed in 2022, when FCF Margin soared 2816 bps; it then sank 898 bps in 2025.
  • Tracing THCH's FCF Margin over 5 years: stood at 25.33% in 2021, then dropped by 26 bps to 31.88% in 2022, then surged by 35 bps to 20.59% in 2023, then jumped by 54 bps to 9.51% in 2024, then soared by 67 bps to 3.11% in 2025.
  • Per Business Quant, the three latest THCH FCF Margin figures stand at 3.11% (Q4 2025), 0.48% (Q3 2025), and 0.33% (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Starbucks 117.41 Bn 115.72 Bn 9.40 Bn 0.96%
2 Yum Brands 42.98 Bn 42.29 Bn 1.38 Bn 16.56%
3 Chipotle Mexican Grill 42.70 Bn 41.83 Bn 2.61 Bn 15.25%
4 Restaurant Brands International 26.16 Bn 26.69 Bn 2.14 Bn 7.46%
5 Darden Restaurants 23.59 Bn 23.35 Bn 3.31 Bn 13.51%
6 Yum China Holdings 15.73 Bn 14.30 Bn 3.24 Bn 12.41%
7 Texas Roadhouse 11.71 Bn 11.51 Bn 1.40 Bn 10.96%
8 Dominos Pizza 10.64 Bn 10.41 Bn 464.51 Mn 12.77%
9 Cava 9.31 Bn 8.92 Bn 797.57 Mn 1.04%
10 TH International 9.10 Mn -10.08 Mn 38.17 Mn -3.11%

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 -3.11%
Sep 30, 2025 -0.48%
Jun 30, 2025 -0.33%
Mar 31, 2025 -0.07%
Dec 31, 2024 -9.51%
Sep 30, 2024 -3.54%
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 -25.47%
Dec 31, 2022 -31.88%
Sep 30, 2022 -12.21%
Jun 30, 2022 -20.03%
Mar 31, 2022 -52.99%
Dec 31, 2021 -25.33%
Sep 30, 2021 -40.36%