TH International (THCH) Invested Capital (2021 - 2025)
TH International (THCH) reported Invested Capital of -$175.3 million for Q4 2025, down 250.36% year-over-year from $116.6 million in Q4 2024, and down 250.36% quarter-over-quarter from -$50.0 million in Q4 2024.
TH International (THCH) Invested Capital (2021 - 2025) Analysis & Trends
TH International (THCH) has 5 years of Invested Capital data on file, last reported at -$175.3 million in Q4 2025.
- Invested Capital for Q4 2025 came in at -$175.3 million, down 250.36% year-over-year; the trailing twelve-month figure through Dec 2025 was -$175.3 million (down 250.36% YoY), and the FY2025 annual result was -$173.0 million, down 245.9% from the prior year.
- Invested Capital retreated to -$175.3 million in Q4 2025 per THCH's latest filing, from -$50.0 million in the prior quarter.
- Over five years, Invested Capital peaked at $55.2 million in Q4 2021 and troughed at -$175.3 million in Q4 2025.
- A 5-year average of -$31.8 million and a median of -$45.6 million in 2023 frame the typical range for Invested Capital.
- The sharpest annual moves came in 2022 and 2025: Invested Capital declined 3.39% in 2022, then plunged 250.36% in 2025.
- A 5-year view of Invested Capital shows it stood at $55.2 million in 2021, then decreased by 3.39% to $53.4 million in 2022, then sank by 185.42% to -$45.6 million in 2023, then decreased by 9.72% to -$50.0 million in 2024, then sank by 250.36% to -$175.3 million in 2025.
- Business Quant data shows THCH's Invested Capital at -$175.3 million in Q4 2025, -$50.0 million in Q4 2024, and -$49.6 million in Q1 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 6.62 Bn |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 2.41 Bn |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | -6.79 Bn |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 18.56 Bn |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 4.25 Bn |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 5.45 Bn |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 1.52 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | -3.90 Bn |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 779.66 Mn |
| 10 | TH International | 7.70 Mn | -11.48 Mn | 38.17 Mn | -175.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -175.25 Mn |
| Dec 31, 2024 | -50.02 Mn |
| Mar 31, 2024 | -49.64 Mn |
| Dec 31, 2023 | -45.59 Mn |
| Sep 30, 2023 | -10.94 Mn |
| Dec 31, 2022 | 53.37 Mn |
| Dec 31, 2021 | 55.24 Mn |