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
DateValue
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