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
DateValue
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