TH International (THCH) Operating Leases (2021 - 2025)
TH International (THCH) reported Operating Leases of $33.9 million for Q4 2025, down 35.97% year-over-year from $52.9 million in Q4 2024, and down 35.97% quarter-over-quarter from $52.9 million in Q4 2024.
TH International (THCH) Operating Leases (2021 - 2025) Analysis & Trends
TH International (THCH) has 5 years of Operating Leases data on file, last reported at $33.9 million in Q4 2025.
- Operating Leases for Q4 2025 came in at $33.9 million, down 35.97% year-over-year; the trailing twelve-month figure through Dec 2025 was $33.9 million (down 35.97% YoY), and the FY2025 annual result was $33.4 million, down 36.79% from the prior year.
- Operating Leases fell to $33.9 million in Q4 2025 per THCH's latest filing, from $52.9 million in the prior quarter.
- Over five years, Operating Leases peaked at $117.7 million in Q4 2021 and troughed at $33.9 million in Q4 2025.
- A 5-year average of $86.0 million and a median of $98.1 million in 2023 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2022 and 2024: Operating Leases decreased 2.02% in 2022, then plunged 41.72% in 2024.
- A 5-year view of Operating Leases shows it stood at $117.7 million in 2021, then declined by 2.02% to $115.3 million in 2022, then slipped by 21.28% to $90.8 million in 2023, then tumbled by 41.72% to $52.9 million in 2024, then plunged by 35.97% to $33.9 million in 2025.
- Business Quant data shows THCH's Operating Leases at $33.9 million in Q4 2025, $52.9 million in Q4 2024, and $90.8 million in Q4 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn |
| 10 | TH International | 7.70 Mn | -11.48 Mn | 38.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 33.88 Mn |
| Dec 31, 2024 | 52.91 Mn |
| Dec 31, 2023 | 90.78 Mn |
| Sep 30, 2023 | 105.51 Mn |
| Dec 31, 2022 | 115.33 Mn |
| Dec 31, 2021 | 117.71 Mn |