TH International (THCH) Goodwill & Intangibles (2021 - 2025)
TH International (THCH) posted quarterly Goodwill & Intangibles of $11.4 million for Q4 2025, down 15.43% year-over-year from $13.5 million in Q4 2024, and down 15.43% quarter-over-quarter from $13.5 million in Q4 2024.
Analysis
TH International (THCH) Goodwill & Intangibles (2021 - 2025) Analysis & Trends
TH International (THCH) has reported Goodwill & Intangibles for 5 consecutive years, with $11.4 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Goodwill & Intangibles fell 15.43% year-over-year to $11.4 million; the TTM figure through Dec 2025 stood at $11.4 million (down 15.43% YoY), while the FY2025 annual figure was $11.3 million, down 16.51% from the prior year.
- Goodwill & Intangibles retreated to $11.4 million in Q4 2025 per THCH's latest filing, from $13.5 million in the prior quarter.
- Across five years, Goodwill & Intangibles topped out at $20.2 million in Q1 2024 and bottomed at $11.4 million in Q4 2025.
- Historically, Goodwill & Intangibles has averaged $15.0 million across 5 years, with a median of $13.5 million in 2024.
- Annual changes were most pronounced in 2023 — Goodwill & Intangibles grew 14.16% — and 2025, when it declined 15.43%.
- TH International's Goodwill & Intangibles stood at $12.1 million in 2021, then advanced by 11.24% to $13.5 million in 2022, then increased by 14.16% to $15.4 million in 2023, then declined by 12.36% to $13.5 million in 2024, then slipped by 15.43% to $11.4 million in 2025.
- Business Quant data shows THCH's Goodwill & Intangibles at $11.4 million in Q4 2025, $13.5 million in Q4 2024, and $20.2 million in Q1 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Mcdonalds | 181.46 Bn | 180.64 Bn | 6.42 Bn |
| 2 | Starbucks | 119.15 Bn | 115.53 Bn | 6.49 Bn |
| 3 | Chipotle Mexican Grill | 47.22 Bn | 46.55 Bn | 2.35 Bn |
| 4 | Yum Brands | 41.34 Bn | 40.66 Bn | 1.47 Bn |
| 5 | Restaurant Brands International | 27.92 Bn | 26.86 Bn | 1.89 Bn |
| 6 | Darden Restaurants | 25.01 Bn | 24.79 Bn | 3.68 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn |
| 8 | Yum China Holdings | 15.19 Bn | 13.80 Bn | 2.22 Bn |
| 9 | Texas Roadhouse | 12.42 Bn | 12.22 Bn | 1.44 Bn |
| 10 | TH International | 43.90 Mn | 26.12 Mn | 37.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 11.42 Mn |
| Dec 31, 2024 | 13.51 Mn |
| Mar 31, 2024 | 20.19 Mn |
| Dec 31, 2023 | 15.41 Mn |
| Sep 30, 2023 | 18.75 Mn |
| Dec 31, 2022 | 13,500.57 Bn |
| Dec 31, 2021 | 12.14 Mn |