TH International (THCH) Payables (2021 - 2025)
TH International's (THCH) quarterly Payables came in at $30.5 million in Q4 2025, down 19.35% year-on-year from $37.9 million in Q4 2024, and down 19.35% on a QoQ basis from $37.9 million in Q4 2024.
TH International (THCH) Payables (2021 - 2025) Analysis & Trends
TH International (THCH) has 5 years of Payables data on file, last reported at $30.5 million in Q4 2025.
- On a quarterly basis, Payables fell 19.35% year-over-year to $30.5 million in Q4 2025; TTM through Dec 2025 was $30.5 million, a 19.35% decrease from a year earlier, with the FY2025 full-year figure at $30.1 million, down 20.38% from the prior year.
- Payables for Q4 2025 stood at $30.5 million, down from $37.9 million in the prior quarter.
- Over the last five years, Payables for THCH reached as high as $118.7 million in Q3 2023 and fell as low as $30.5 million in Q4 2025.
- Historically, Payables has averaged $71.2 million across 5 years, with a median of $72.2 million in 2022.
- Across the five-year window, Payables soared 82.44% in 2022 and plunged 64.04% in 2024, its largest moves.
- Year by year, Payables stood at $39.6 million in 2021, then jumped by 82.44% to $72.2 million in 2022, then jumped by 45.82% to $105.3 million in 2023, then plunged by 64.04% to $37.9 million in 2024, then retreated by 19.35% to $30.5 million in 2025.
- Per Business Quant data, the three most recent Payables figures were $30.5 million in Q4 2025, $37.9 million in Q4 2024, and $94.0 million in Q1 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn | 1.67 Bn |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn | 247.29 Mn |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn | 3.08 Bn |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | 813.00 Mn |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | 427.70 Mn |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | 2.28 Bn |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | 169.96 Mn |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | 205.34 Mn |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | 41.69 Mn |
| 10 | TH International | 35.21 Mn | 19.06 Mn | 32.43 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 30.53 Mn |
| Dec 31, 2024 | 37.86 Mn |
| Mar 31, 2024 | 94.00 Mn |
| Dec 31, 2023 | 105.28 Mn |
| Sep 30, 2023 | 118.71 Mn |
| Dec 31, 2022 | 72.20 Mn |
| Dec 31, 2021 | 39.57 Mn |