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% quarter-over-quarter from 20.49% in Q3 2025.
TH International (THCH) Net Margin (2021 - 2025) Analysis & Trends
TH International (THCH) has 5 years of Net Margin data on file, last reported at 73.96% in Q4 2025.
- Net Margin for Q4 2025 came in at 73.96%, down 7591.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 33.27% (down 2639.0% YoY), and the FY2025 annual result was 32.12%, up 172.0% from the prior year.
- Net Margin declined to 73.96% in Q4 2025 per THCH's latest filing, from 20.49% in the prior quarter.
- Over five years, Net Margin peaked at 14.48% in Q2 2024 and troughed at 96.97% in Q2 2022.
- A 5-year average of 45.13% and a median of 53.76% in 2023 frame the typical range for Net Margin.
- The sharpest annual moves came in 2024 and 2025: Net Margin soared 8173 bps in 2024, then plunged 7591 bps in 2025.
- A 5-year view of Net Margin shows it stood at 61.76% in 2021, then dropped by 20 bps to 74.25% in 2022, then dropped by 7 bps to 79.78% in 2023, then soared by 102 bps to 1.95% in 2024, then plunged by 3895 bps to 73.96% in 2025.
- Business Quant data shows THCH's Net Margin at 73.96% in Q4 2025, 20.49% in Q3 2025, and 21.27% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 5.36% |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 9.81% |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 20.98% |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 14.93% |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | -0.11% |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 10.06% |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 7.56% |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 12.15% |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 1.79% |
| 10 | TH International | 7.70 Mn | -11.48 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% |