Growth Metrics

TH International (THCH) Free Cash Flow (2021 - 2025)

TH International (THCH) reported Free Cash Flow of -$1.4 million for Q4 2025, up 68.31% year-over-year from -$815742.4 in Q4 2024, and down 473.67% on a QoQ basis from -$239336.7 in Q3 2025.

TH International (THCH) has 5 years of Free Cash Flow data on file, last reported at -$1.4 million in Q4 2025.

  • Quarterly Free Cash Flow rose 68.31% year-over-year to -$1.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$1.8 million (up 67.11% YoY) and the FY2025 annual result came in at -$10.9 million, up 44.56% from the prior year.
  • Free Cash Flow fell to -$1.4 million in Q4 2025 per THCH's latest filing, from -$239336.7 in the prior quarter.
  • Across five years, Free Cash Flow topped out at $4.4 million in Q2 2024 and bottomed at -$18.8 million in Q1 2022.
  • The 5-year median for Free Cash Flow is -$4.3 million (2023), against an average of -$5.5 million.
  • The widest annual swing landed in 2024, when Free Cash Flow jumped 13121.21%; it then slumped 103.72% in 2025.
  • Tracing THCH's Free Cash Flow over 5 years: stood at -$8.9 million in 2021, then sank by 57.05% to -$13.9 million in 2022, then gained by 18.56% to -$11.3 million in 2023, then jumped by 61.81% to -$4.3 million in 2024, then jumped by 68.31% to -$1.4 million in 2025.
  • Per Business Quant, the three latest THCH Free Cash Flow figures stand at -$1.4 million (Q4 2025), -$239336.7 (Q3 2025), and -$162447.0 (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Starbucks 117.41 Bn 115.72 Bn 9.40 Bn 91.80 Mn
2 Yum Brands 42.98 Bn 42.29 Bn 1.38 Bn 341.00 Mn
3 Chipotle Mexican Grill 42.70 Bn 41.83 Bn 2.61 Bn 471.02 Mn
4 Restaurant Brands International 26.16 Bn 26.69 Bn 2.14 Bn 169.00 Mn
5 Darden Restaurants 23.59 Bn 23.35 Bn 3.31 Bn 451.90 Mn
6 Yum China Holdings 15.73 Bn 14.30 Bn 3.24 Bn 406.00 Mn
7 Texas Roadhouse 11.71 Bn 11.51 Bn 1.40 Bn 178.92 Mn
8 Dominos Pizza 10.64 Bn 10.41 Bn 464.51 Mn 146.91 Mn
9 Cava 9.31 Bn 8.92 Bn 797.57 Mn 2.87 Mn
10 TH International 9.10 Mn -10.08 Mn 38.17 Mn -1.37 Mn

Historic Data

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DateValue
Dec 31, 2025 -1.37 Mn
Dec 31, 2025 -1.37 Mn
Sep 30, 2025 -239,336.75
Sep 30, 2025 -239,336.75
Jun 30, 2025 -162,446.96
Jun 30, 2025 -162,446.96
Mar 31, 2025 -30,126.97
Mar 31, 2025 -30,126.97
Dec 31, 2024 -4.33 Mn
Dec 31, 2024 -4.33 Mn
Sep 30, 2024 -1.81 Mn
Sep 30, 2024 -1.81 Mn
Jun 30, 2024 4.36 Mn
Jun 30, 2024 4.36 Mn
Mar 31, 2024 -3.70 Mn
Mar 31, 2024 -3.70 Mn
Dec 31, 2023 -11.35 Mn
Dec 31, 2023 -11.35 Mn
Sep 30, 2023 -4.17 Mn
Sep 30, 2023 -4.17 Mn
Jun 30, 2023 33,000.00
Jun 30, 2023 33,000.00
Mar 31, 2023 -12.48 Mn
Mar 31, 2023 -12.48 Mn
Dec 31, 2022 -13.93 Mn
Dec 31, 2022 -13.93 Mn
Sep 30, 2022 -5.25 Mn
Sep 30, 2022 -5.25 Mn
Jun 30, 2022 -5.44 Mn
Jun 30, 2022 -5.44 Mn
Mar 31, 2022 -18.76 Mn
Mar 31, 2022 -18.76 Mn
Dec 31, 2021 -8.87 Mn
Dec 31, 2021 -8.87 Mn
Sep 30, 2021 -11.36 Mn
Sep 30, 2021 -11.36 Mn