TH International (THCH) Operating Leases (2021 - 2025)

TH International's (THCH) quarterly Operating Leases came in at $33.9 million in Q4 2025, down 35.97% year-on-year from $52.9 million in Q4 2024, and down 35.97% on a QoQ basis 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.

  • On a quarterly basis, Operating Leases fell 35.97% year-over-year to $33.9 million in Q4 2025; TTM through Dec 2025 was $33.9 million, a 35.97% decrease from a year earlier, with the FY2025 full-year figure at $33.4 million, down 36.79% from the prior year.
  • Operating Leases for Q4 2025 stood at $33.9 million, down from $52.9 million in the prior quarter.
  • Over the last five years, Operating Leases for THCH reached as high as $117.7 million in Q4 2021 and fell as low as $33.9 million in Q4 2025.
  • Historically, Operating Leases has averaged $86.0 million across 5 years, with a median of $98.1 million in 2023.
  • Across the five-year window, Operating Leases fell 2.02% in 2022 and slumped 41.72% in 2024, its largest moves.
  • Year by year, Operating Leases stood at $117.7 million in 2021, then decreased by 2.02% to $115.3 million in 2022, then fell by 21.28% to $90.8 million in 2023, then plunged by 41.72% to $52.9 million in 2024, then sank by 35.97% to $33.9 million in 2025.
  • Per Business Quant data, the three most recent Operating Leases figures were $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 117.61 Bn 115.91 Bn 6.32 Bn
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn
3 Yum Brands 40.68 Bn 39.99 Bn 1.38 Bn
4 Restaurant Brands International 25.13 Bn 25.66 Bn 2.14 Bn
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn
10 TH International 35.21 Mn 19.06 Mn 32.43 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