TH International (THCH) Operating Margin (2021 - 2025)
TH International (THCH) reported Operating Margin of 38.45% for Q4 2025, down 322.0% year-over-year from 17.32% in Q4 2024, and down 209603.83% on a QoQ basis from 0.02% in Q3 2025.
TH International (THCH) has 5 years of Operating Margin data on file, last reported at 38.45% in Q4 2025.
- Quarterly Operating Margin fell 322.0% year-over-year to 38.45% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 15.57% (up 569.0% YoY) and the FY2025 annual result came in at 8.05%, up 1705.0% from the prior year.
- Operating Margin declined to 38.45% in Q4 2025 per THCH's latest filing, from 0.02% in the prior quarter.
- Across five years, Operating Margin topped out at 0.01% in Q2 2025 and bottomed at 60052.44% in Q1 2022.
- The 5-year median for Operating Margin is 36.95% (2024), against an average of 3367.06%.
- Peak annual rise in Operating Margin reached 6005240 bps in 2023, while the deepest fall reached 5930 bps in 2023.
- Tracing THCH's Operating Margin over 5 years: stood at 57.75% in 2021, then soared by 100 bps to 0.04% in 2022, then tumbled by 136117 bps to 59.35% in 2023, then surged by 41 bps to 35.23% in 2024, then declined by 9 bps to 38.45% in 2025.
- Per Business Quant, the three latest THCH Operating Margin figures stand at 38.45% (Q4 2025), 0.02% (Q3 2025), and 0.01% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.41 Bn | 115.72 Bn | 9.40 Bn | 8.69% |
| 2 | Yum Brands | 42.98 Bn | 42.29 Bn | 1.38 Bn | 31.28% |
| 3 | Chipotle Mexican Grill | 42.70 Bn | 41.83 Bn | 2.61 Bn | 12.86% |
| 4 | Restaurant Brands International | 26.16 Bn | 26.69 Bn | 2.14 Bn | 26.77% |
| 5 | Darden Restaurants | 23.59 Bn | 23.35 Bn | 3.31 Bn | 12.15% |
| 6 | Yum China Holdings | 15.73 Bn | 14.30 Bn | 3.24 Bn | 13.67% |
| 7 | Texas Roadhouse | 11.71 Bn | 11.51 Bn | 1.40 Bn | 8.96% |
| 8 | Dominos Pizza | 10.64 Bn | 10.41 Bn | 464.51 Mn | 20.02% |
| 9 | Cava | 9.31 Bn | 8.92 Bn | 797.57 Mn | 1.02% |
| 10 | TH International | 9.10 Mn | -10.08 Mn | 38.17 Mn | -38.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -38.45% |
| Sep 30, 2025 | -0.02% |
| Jun 30, 2025 | -0.01% |
| Mar 31, 2025 | -28.36% |
| Dec 31, 2024 | -35.23% |
| Sep 30, 2024 | -0.02% |
| Jun 30, 2024 | -14.97% |
| Mar 31, 2024 | -37.31% |
| Dec 31, 2023 | -59.35% |
| Sep 30, 2023 | -36.59% |
| Jun 30, 2023 | -43.46% |
| Mar 31, 2023 | -0.04% |
| Dec 31, 2022 | -0.04% |
| Sep 30, 2022 | -49.22% |
| Jun 30, 2022 | -91.76% |
| Mar 31, 2022 | -60,052.44% |
| Dec 31, 2021 | -57.75% |
| Sep 30, 2021 | -62.02% |