TH International (THCH) Gross Margin (2021 - 2026)
TH International's Gross Margin came in at 21.03% for the year ended Dec 31, 2025, up 7.80 percentage points from 13.23% a year earlier.
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Analysis
TH International (THCH) Gross Margin (2021 - 2026) Analysis & Trends
Going back to the year ended Dec 31, 2020, TH International's Gross Margin data covers 6 years.
- Gross Margin has increased in each of the last five years, with a five-year change of +18.17 percentage points (years ended Dec 2020 to Dec 2025).
- The figure for the year ended Dec 31, 2025 represents the highest annual Gross Margin in data going back to the year ended Dec 31, 2020.
- Per Business Quant, earlier years put Gross Margin at 13.23% in the year ended Dec 31, 2024 (+1.83 pp), 11.40% in the year ended Dec 31, 2023 (+6.71 pp), 4.69% in the year ended Dec 31, 2022 (+0.62 pp) and 4.06% in the year ended Dec 31, 2021 (+1.21 pp).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 174.38 Bn | 169.20 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 112.47 Bn | 100.09 Bn | - | - |
| 3 | Yum Brands | 41.58 Bn | 38.46 Bn | 1.47 Bn | 67.73% |
| 4 | Chipotle Mexican Grill | 35.85 Bn | 31.83 Bn | - | - |
| 5 | Restaurant Brands International | 25.87 Bn | 21.42 Bn | 1.38 Bn | 54.64% |
| 6 | Darden Restaurants | 24.47 Bn | 23.56 Bn | 1.68 Bn | 52.65% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 54.64% |
| 8 | Yum China Holdings | 15.45 Bn | 9.11 Bn | 537.00 Mn | 17.11% |
| 9 | Texas Roadhouse | 10.97 Bn | 10.31 Bn | - | - |
| 10 | TH International | 33.33 Mn | 33.33 Mn | 34.74 Mn | 86.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 86.54% |
| Mar 31, 2026 | 87.13% |
| Dec 31, 2025 | 86.54% |
| Sep 30, 2025 | 85.54% |
| Jun 30, 2025 | 86.67% |
| Mar 31, 2025 | 89.52% |
| Dec 31, 2024 | 85.41% |
| Sep 30, 2024 | 87.39% |
| Jun 30, 2024 | 90.53% |
| Mar 31, 2024 | 92.47% |
| Dec 31, 2023 | 86.53% |
| Sep 30, 2023 | 90.30% |
| Jun 30, 2023 | 90.81% |
| Mar 31, 2023 | 94.39% |
| Dec 31, 2022 | 92.67% |
| Sep 30, 2022 | 96.91% |
| Jun 30, 2022 | 95.42% |
| Mar 31, 2022 | 96.09% |
| Dec 31, 2021 | 97.08% |
| Sep 30, 2021 | 96.95% |
API Access
TH International Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=THCH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "THCH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=THCH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();