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
DateValue
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