TH International (THCH) Operating Income (2021 - 2026)

TH International's (THCH) quarterly Operating Income came in at -$10.5 million in Q1 2026, up 10.86% year-on-year from -$9.5 million in Q1 2025, and up 38.23% on a QoQ basis from -$17.0 million in Q4 2025.

TH International (THCH) Operating Income (2021 - 2026) Analysis & Trends

TH International (THCH) has 6 years of Operating Income data on file, last reported at -$10.5 million in Q1 2026.

  • On a quarterly basis, Operating Income rose 10.86% year-over-year to -$10.5 million in Q1 2026; TTM through Mar 2026 was -$43.3 million, a 0.04% change from a year earlier, with the FY2025 full-year figure at -$45.4 million, up 5.11% from the prior year.
  • Operating Income for Q1 2026 stood at -$10.5 million, up from -$17.0 million in the prior quarter.
  • Over the last five years, Operating Income for THCH reached as high as -$6.7 million in Q2 2025 and fell as low as -$32.7 million in Q4 2023.
  • Historically, Operating Income has averaged -$17.0 million across 5 years, with a median of -$17.9 million in 2024.
  • Across the five-year window, Operating Income plunged 71.7% in 2023 and jumped 69.49% in 2024, its largest moves.
  • Year by year, Operating Income stood at -$19.0 million in 2022, then tumbled by 71.7% to -$32.7 million in 2023, then soared by 50.9% to -$16.1 million in 2024, then declined by 5.66% to -$17.0 million in 2025, then soared by 38.23% to -$10.5 million in 2026.
  • Per Business Quant data, the three most recent Operating Income figures were -$10.5 million in Q1 2026, -$17.0 million in Q4 2025, and -$9.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Starbucks 118.28 Bn 116.58 Bn 6.32 Bn 828.10 Mn
2 Yum Brands 41.26 Bn 40.58 Bn 1.38 Bn 644.00 Mn
3 Chipotle Mexican Grill 41.21 Bn 40.34 Bn 2.61 Bn 397.06 Mn
4 Restaurant Brands International 25.26 Bn 24.25 Bn 2.14 Bn 606.00 Mn
5 Darden Restaurants 22.64 Bn 22.40 Bn 3.31 Bn 406.40 Mn
6 Yum China Holdings 15.35 Bn 13.92 Bn 2.31 Bn 447.00 Mn
7 Texas Roadhouse 12.76 Bn 12.54 Bn 1.40 Bn 146.34 Mn
8 Dominos Pizza 11.11 Bn 10.98 Bn 478.23 Mn 232.04 Mn
9 Dutch Bros 8.18 Bn 7.92 Bn 107.48 Mn 34.30 Mn
10 TH International 54.63 Mn 38.48 Mn 32.43 Mn -10.48 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -10.48 Mn
Dec 31, 2025 -16.96 Mn
Sep 30, 2025 -9.22 Mn
Jun 30, 2025 -6.67 Mn
Mar 31, 2025 -11.76 Mn
Dec 31, 2024 -16.05 Mn
Sep 30, 2024 -7.98 Mn
Jun 30, 2024 -7.53 Mn
Mar 31, 2024 -17.92 Mn
Dec 31, 2023 -32.70 Mn
Sep 30, 2023 -21.89 Mn
Jun 30, 2023 -24.67 Mn
Mar 31, 2023 -18.99 Mn
Dec 31, 2022 -19.04 Mn
Sep 30, 2022 -21.15 Mn
Jun 30, 2022 -24.94 Mn
Mar 31, 2022 -21.26 Mn
Dec 31, 2021 -20.23 Mn
Sep 30, 2021 -17.46 Mn