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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% on a QoQ basis from -$50.0 million in Q4 2024.

TH International (THCH) has 5 years of Invested Capital data on file, last reported at -$175.3 million in Q4 2025.

  • Quarterly Invested Capital fell 250.36% year-over-year to -$175.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$175.3 million (down 250.36% YoY) and the FY2025 annual result came in at -$173.0 million, down 245.9% from the prior year.
  • Invested Capital slipped to -$175.3 million in Q4 2025 per THCH's latest filing, from -$50.0 million in the prior quarter.
  • Across five years, Invested Capital topped out at $55.2 million in Q4 2021 and bottomed at -$175.3 million in Q4 2025.
  • The 5-year median for Invested Capital is -$45.6 million (2023), against an average of -$31.8 million.
  • The widest annual swing landed in 2022, when Invested Capital slipped 3.39%; it then slumped 250.36% in 2025.
  • Tracing THCH's Invested Capital over 5 years: stood at $55.2 million in 2021, then fell by 3.39% to $53.4 million in 2022, then tumbled by 185.42% to -$45.6 million in 2023, then fell by 9.72% to -$50.0 million in 2024, then tumbled by 250.36% to -$175.3 million in 2025.
  • Per Business Quant, the three latest THCH Invested Capital figures stand at -$175.3 million (Q4 2025), -$50.0 million (Q4 2024), and -$49.6 million (Q1 2024).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Starbucks 110.27 Bn 108.58 Bn 9.40 Bn 6.62 Bn
2 Yum Brands 40.90 Bn 40.21 Bn 1.38 Bn -6.79 Bn
3 Chipotle Mexican Grill 39.62 Bn 38.75 Bn 2.61 Bn 2.41 Bn
4 Restaurant Brands International 25.25 Bn 25.79 Bn 2.14 Bn 18.56 Bn
5 Darden Restaurants 23.41 Bn 23.17 Bn 3.31 Bn 4.25 Bn
6 Yum China Holdings 15.07 Bn 13.64 Bn 3.24 Bn 5.45 Bn
7 Texas Roadhouse 11.59 Bn 11.39 Bn 1.40 Bn 1.52 Bn
8 Dominos Pizza 10.51 Bn 10.27 Bn 464.51 Mn -3.90 Bn
9 Cava 8.67 Bn 8.28 Bn 797.57 Mn 779.66 Mn
10 TH International 9.22 Mn -9.96 Mn 38.17 Mn -175.25 Mn

Historic Data

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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