TH International (THCH) Net Margin (2021 - 2025)
TH International (THCH) reported Net Margin of 73.96% for Q4 2025, down 7591.0% year-over-year from 0.99% in Q4 2024, and down 260.91% on a QoQ basis from 20.49% in Q3 2025.
TH International (THCH) has 5 years of Net Margin data on file, last reported at 73.96% in Q4 2025.
- Quarterly Net Margin fell 7591.0% year-over-year to 73.96% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 33.27% (down 2639.0% YoY) and the FY2025 annual result came in at 32.12%, up 172.0% from the prior year.
- Net Margin fell to 73.96% in Q4 2025 per THCH's latest filing, from 20.49% in the prior quarter.
- Across five years, Net Margin topped out at 14.48% in Q2 2024 and bottomed at 96.97% in Q2 2022.
- The 5-year median for Net Margin is 53.76% (2023), against an average of 45.13%.
- The widest annual swing landed in 2024, when Net Margin jumped 8173 bps; it then slumped 7591 bps in 2025.
- Tracing THCH's Net Margin over 5 years: stood at 61.76% in 2021, then decreased by 20 bps to 74.25% in 2022, then decreased by 7 bps to 79.78% in 2023, then jumped by 102 bps to 1.95% in 2024, then slumped by 3895 bps to 73.96% in 2025.
- Per Business Quant, the three latest THCH Net Margin figures stand at 73.96% (Q4 2025), 20.49% (Q3 2025), and 21.27% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.41 Bn | 115.72 Bn | 9.40 Bn | 5.36% |
| 2 | Yum Brands | 42.98 Bn | 42.29 Bn | 1.38 Bn | 20.98% |
| 3 | Chipotle Mexican Grill | 42.70 Bn | 41.83 Bn | 2.61 Bn | 9.81% |
| 4 | Restaurant Brands International | 26.16 Bn | 26.69 Bn | 2.14 Bn | 14.93% |
| 5 | Darden Restaurants | 23.59 Bn | 23.35 Bn | 3.31 Bn | -0.11% |
| 6 | Yum China Holdings | 15.73 Bn | 14.30 Bn | 3.24 Bn | 10.06% |
| 7 | Texas Roadhouse | 11.71 Bn | 11.51 Bn | 1.40 Bn | 7.56% |
| 8 | Dominos Pizza | 10.64 Bn | 10.41 Bn | 464.51 Mn | 12.15% |
| 9 | Cava | 9.31 Bn | 8.92 Bn | 797.57 Mn | 1.79% |
| 10 | TH International | 9.10 Mn | -10.08 Mn | 38.17 Mn | -73.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -73.96% |
| Sep 30, 2025 | -20.49% |
| Jun 30, 2025 | -21.27% |
| Mar 31, 2025 | -19.56% |
| Dec 31, 2024 | 1.95% |
| Sep 30, 2024 | -3.28% |
| Jun 30, 2024 | 14.48% |
| 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% |