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

TH International (THCH) has 6 years of Gross Margin data on file, last reported at 87.13% in Q1 2026.

• On a quarterly basis, Gross Margin fell 239.0% year-over-year to 87.13% in Q1 2026; TTM through Mar 2026 was 86.42%, a 180.0% decrease from a year earlier, with the FY2025 full-year figure at 86.98%, down 197.0% from the prior year.
• Gross Margin for Q1 2026 stood at 87.13%, up from 86.54% in the prior quarter.
• Over the last five years, Gross Margin for THCH reached as high as 96.91% in Q3 2022 and fell as low as 85.41% in Q4 2024.
• Historically, Gross Margin has averaged 90.3% across 5 years, with a median of 90.35% in 2023.
• Across the five-year window, Gross Margin sank 656 bps in 2023 and surged 113 bps in 2025, its largest moves.
• Year by year, Gross Margin stood at 92.67% in 2022, then decreased by 6 bps to 86.99% in 2023, then decreased by 2 bps to 85.41% in 2024, then grew by 1 bps to 86.54% in 2025, then increased by 1 bps to 87.13% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 87.13% in Q1 2026, 86.54% in Q4 2025, and 85.54% in Q3 2025.