TH International (THCH) Revenue (2021 - 2025)
TH International (THCH) reported Revenue of $44.1 million for Q4 2025, down 3.2% year-over-year from $45.6 million in Q4 2024, and down 12.29% quarter-over-quarter from $50.3 million in Q3 2025.
TH International (THCH) Revenue (2021 - 2025) Analysis & Trends
TH International (THCH) has 5 years of Revenue data on file, last reported at $44.1 million in Q4 2025.
- Revenue for Q4 2025 came in at $44.1 million, down 3.2% year-over-year; the trailing twelve-month figure through Dec 2025 was $184.6 million (down 5.53% YoY), and the FY2025 annual result was $188.2 million, down 1.25% from the prior year.
- Revenue declined to $44.1 million in Q4 2025 per THCH's latest filing, from $50.3 million in the prior quarter.
- Over five years, Revenue peaked at $59.8 million in Q3 2023 and troughed at $27.2 million in Q2 2022.
- A 5-year average of $45.2 million and a median of $46.8 million in 2024 frame the typical range for Revenue.
- The sharpest annual moves came in 2023 and 2024: Revenue surged 108.92% in 2023, then slipped 17.29% in 2024.
- A 5-year view of Revenue shows it stood at $35.0 million in 2021, then grew by 24.78% to $43.7 million in 2022, then grew by 26.05% to $55.1 million in 2023, then declined by 17.29% to $45.6 million in 2024, then slipped by 3.2% to $44.1 million in 2025.
- Business Quant data shows THCH's Revenue at $44.1 million in Q4 2025, $50.3 million in Q3 2025, and $48.7 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 9.53 Bn |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 3.09 Bn |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 2.06 Bn |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 2.26 Bn |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 3.35 Bn |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 3.27 Bn |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 1.63 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 1.15 Bn |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 274.99 Mn |
| 10 | TH International | 7.70 Mn | -11.48 Mn | 38.17 Mn | 44.11 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 44.11 Mn |
| Sep 30, 2025 | 50.29 Mn |
| Jun 30, 2025 | 48.72 Mn |
| Mar 31, 2025 | 41.44 Mn |
| Dec 31, 2024 | 45.57 Mn |
| Sep 30, 2024 | 51.28 Mn |
| Jun 30, 2024 | 50.48 Mn |
| Mar 31, 2024 | 48.03 Mn |
| Dec 31, 2023 | 55.10 Mn |
| Sep 30, 2023 | 59.81 Mn |
| Jun 30, 2023 | 56.78 Mn |
| Mar 31, 2023 | 49.00 Mn |
| Dec 31, 2022 | 43.71 Mn |
| Sep 30, 2022 | 42.98 Mn |
| Jun 30, 2022 | 27.18 Mn |
| Mar 31, 2022 | 35.40 Mn |
| Dec 31, 2021 | 35.03 Mn |
| Sep 30, 2021 | 28.15 Mn |