TH International (THCH) Net Margin (2021 - 2026)
TH International (THCH) posted quarterly Net Margin of 42.8% for Q1 2026, down 4278.0% year-over-year from 1.02% in Q1 2025, and up 69.17% quarter-over-quarter from 138.83% in Q4 2025.
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Analysis
TH International (THCH) Net Margin (2021 - 2026) Analysis & Trends
TH International (THCH) has reported Net Margin for 6 consecutive years, with 42.8% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 4278.0% year-over-year to 42.8%; the TTM figure through Mar 2026 stood at 42.8% (down 4278.0% YoY), while the FY2025 annual figure was 32.12%, down 3210.0% from the prior year.
- Net Margin grew to 42.8% in Q1 2026 per THCH's latest filing, from 138.83% in the prior quarter.
- Across five years, Net Margin topped out at 0.01% in Q2 2025 and bottomed at 138.83% in Q4 2025.
- Historically, Net Margin has averaged 32.91% across 5 years, with a median of 0.03% in 2023.
- Annual changes were most pronounced in 2024 — Net Margin soared 7975 bps — and 2025, when it tumbled 13880 bps.
- TH International's Net Margin stood at 0.03% in 2022, then slumped by 238518 bps to 79.78% in 2023, then soared by 100 bps to 0.03% in 2024, then tumbled by 471313 bps to 138.83% in 2025, then soared by 69 bps to 42.8% in 2026.
- Business Quant data shows THCH's Net Margin at 42.8% in Q1 2026, 138.83% in Q4 2025, and 0.02% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 181.46 Bn | 180.64 Bn | 6.42 Bn | 33.27% |
| 2 | Starbucks | 119.15 Bn | 115.53 Bn | 6.49 Bn | 11.21% |
| 3 | Chipotle Mexican Grill | 47.22 Bn | 46.55 Bn | 2.35 Bn | 12.05% |
| 4 | Yum Brands | 41.34 Bn | 40.66 Bn | 1.47 Bn | 39.33% |
| 5 | Restaurant Brands International | 27.92 Bn | 26.86 Bn | 1.89 Bn | 20.12% |
| 6 | Darden Restaurants | 25.01 Bn | 24.79 Bn | 3.68 Bn | 10.89% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 26.39% |
| 8 | Yum China Holdings | 15.19 Bn | 13.80 Bn | 2.22 Bn | 8.35% |
| 9 | Texas Roadhouse | 12.42 Bn | 12.22 Bn | 1.44 Bn | 7.26% |
| 10 | TH International | 43.90 Mn | 26.12 Mn | 37.59 Mn | -35.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -35.65% |
| Mar 31, 2026 | -42.80% |
| Dec 31, 2025 | -73.65% |
| Sep 30, 2025 | -20.60% |
| Jun 30, 2025 | -21.41% |
| Mar 31, 2025 | -19.60% |
| Dec 31, 2024 | -0.04% |
| Sep 30, 2024 | -24.30% |
| Jun 30, 2024 | -12.65% |
| Mar 31, 2024 | -41.53% |
| Dec 31, 2023 | -79.78% |
| Sep 30, 2023 | -36.80% |
| Jun 30, 2023 | -55.54% |
| Mar 31, 2023 | -51.97% |
| Dec 31, 2022 | -74.25% |
| Sep 30, 2022 | -63.58% |
| Jun 30, 2022 | -96.97% |
| Mar 31, 2022 | -67.04% |
| Dec 31, 2021 | -61.76% |
| Sep 30, 2021 | -60.95% |