TH International reported a gross margin of 93.29% and a net margin of -35.65% for the quarter ended Jun 2026. These financial ratios cover 20 quarters of results from Sep 2021 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||
| Gross Margin | 92.00% | 90.84% | 94.35% | 89.31% | 91.87% | 91.94% | 92.90% | 93.70% | 92.12% | 93.99% | 92.70% | 93.35% | 93.42% | 93.16% | 94.01% | 94.15% | 92.76% | 92.95% | 92.53% | 93.29% |
| EBT Margin | -62.09% | -61.17% | -67.33% | -98.00% | -63.78% | -73.93% | -51.85% | -55.30% | -36.59% | -79.52% | -41.18% | -26.82% | -24.19% | -41.57% | -19.60% | -21.62% | -20.60% | -73.65% | -42.56% | -35.64% |
| EBIT Margin | -62.02% | -57.75% | -60.05% | -91.76% | -49.22% | -43.57% | -38.91% | -43.46% | -36.59% | -59.35% | -37.31% | -14.92% | -15.55% | -35.23% | -28.36% | -13.69% | -18.24% | -38.45% | -28.03% | -21.18% |
| EBITDA Margin | -62.02% | -57.75% | -60.05% | -91.76% | -49.22% | -43.57% | -38.91% | -43.46% | -36.59% | -59.35% | -37.31% | -14.92% | -15.55% | -35.23% | -28.36% | -13.69% | -18.24% | -38.45% | -28.03% | -21.18% |
| Operating Margin | -62.02% | -57.75% | -60.05% | -91.76% | -49.22% | -43.57% | -38.76% | -43.46% | -36.59% | -59.35% | -37.31% | -14.92% | -15.55% | -35.23% | -28.36% | -13.69% | -18.34% | -38.45% | -28.15% | -21.26% |
| Net Margin | -60.95% | -61.76% | -67.04% | -96.97% | -63.58% | -74.25% | -51.97% | -55.54% | -36.80% | -79.78% | -41.53% | -12.65% | -24.30% | -0.04% | -19.60% | -21.41% | -20.60% | -73.65% | -42.80% | -35.65% |
| FCF Margin | -40.36% | -25.33% | -52.99% | -20.03% | -11.74% | -31.88% | -25.47% | 0.06% | -6.98% | -20.59% | -7.71% | 8.64% | -3.62% | -9.51% | -0.07% | -0.34% | -0.48% | -3.11% | -9.13% | 12.38% |
| Efficiency | ||||||||||||||||||||
| Inventory AverageInventory Avg. | 8.55M | 6.25M | ||||||||||||||||||
| Assets AverageAssets Avg. | 332.52M | 295.08M | ||||||||||||||||||
| Invested CapitalInvested Cap. | 87.14M | 77.25M | 76.63M | 24.04M | 8.46M | -55.46M | -116.17M | |||||||||||||
| Asset Utilization RatioAsset Util. | 0.66 | 0.74 | ||||||||||||||||||
| Leverage & Solvency | ||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -266.42 | -78.63 | -53.69 | -80.02 | -109.04 | -54.88 | -23.41 | -41.05 | -16.01 | -25.89 | -30.95 | -9.92 | -71.21 | -373.35 | -76.33 | -476.43 | -547.12 | -60.80 | -129.29 | -94.33 |
| Debt Ratio | 0.17 | 0.17 | 0.27 | 0.27 | 0.31 | 0.28 | 0.35 | |||||||||||||
| Times Interest Earned | -266.42 | -78.63 | -53.69 | -80.02 | -109.04 | -54.88 | -23.41 | -41.05 | -16.01 | -25.89 | -30.95 | -9.92 | -71.21 | -373.35 | -76.33 | -476.43 | -547.12 | -60.80 | -129.29 | -94.33 |
| Valuation | ||||||||||||||||||||
| Price to EarningsP/E | -56.31 | -51.44 | -46.42 | -27.18 | -12.78 | -23.84 | -13.58 | -12.27 | -6.61 | -9.56 | -19.45 | -10.78 | -0.01M | -11.99 | -9.45 | -8.31 | -2.55 | -4.30 | -4.42 | |
| Price to SalesP/S | 34.78 | 34.49 | 45.01 | 17.28 | 9.49 | 12.39 | 7.54 | 4.51 | 5.27 | 3.97 | 2.46 | 2.62 | 2.59 | 2.35 | 2.02 | 1.71 | 1.88 | 1.84 | 1.58 | |
| Price to BookP/B | 22.97 | 26.74 | -13.85 | -4.95 | -2.40 | -1.02 | -0.47 | |||||||||||||
| Enterprise Value | 1,157.77M | 1,220.83M | 1,223.31M | 742.68M | 307.62M | 607.17M | 428.15M | 207.26M | 260.54M | 161.42M | 100.85M | 106.94M | 93.46M | 68.27M | 73.61M | 63.84M | 65.41M | 52.40M | 45.72M | |
| EV to EBIT | -57.23 | -57.43 | -49.06 | -35.11 | -16.15 | -31.85 | -17.35 | -9.47 | -7.97 | -9.01 | -13.39 | -13.41 | -5.82 | -5.81 | -11.04 | -6.96 | -3.86 | -5.02 | -5.36 | |
| EV to EBITDA | -57.23 | -57.43 | -49.06 | -35.11 | -16.15 | -31.85 | -17.35 | -9.47 | -7.97 | -9.01 | -13.39 | -13.41 | -5.82 | -5.81 | -11.04 | -6.96 | -3.86 | -5.02 | -5.36 | |
| Market Capitalization | 1,218.34M | 1,220.83M | 1,223.31M | 742.68M | 414.72M | 607.17M | 428.15M | 270.02M | 290.36M | 190.81M | 124.17M | 134.39M | 118.01M | 97.40M | 98.57M | 86.10M | 82.78M | 68.48M | 63.50M | |
| Price to FCFP/FCF | -137.33 | -65.08 | -224.78 | -147.24 | -29.77 | -48.66 | 0.01M | -64.71 | -25.59 | -51.51 | 28.46 | -72.49 | -27.24 | -0.00M | -601.02 | -359.75 | -60.29 | -20.15 | 12.73 | |
| EV to FCF | -130.50 | -65.08 | -224.78 | -147.24 | -22.08 | -48.66 | 0.01M | -49.67 | -22.96 | -43.58 | 23.11 | -57.68 | -21.57 | -0.00M | -448.86 | -266.74 | -47.64 | -15.42 | 9.16 | |
| EV to CFO | -130.50 | -65.08 | -224.78 | -147.24 | -22.08 | -48.85 | 0.01M | -49.67 | -22.96 | -43.58 | 23.11 | -57.68 | -21.57 | -0.00M | -448.86 | -264.90 | -47.64 | -15.35 | 9.13 | |
| Return Ratios | ||||||||||||||||||||
| Return on Sales [ROS]ROS | -62.02% | -57.75% | -60.05% | -91.76% | -49.22% | -43.57% | -38.91% | -43.46% | -36.59% | -59.35% | -37.31% | -14.92% | -15.55% | -35.23% | -28.36% | -13.69% | -18.24% | -38.45% | -28.03% | -21.18% |
| Return on Capital Employed [ROCE]ROCE | -70.91% | -103.99% | ||||||||||||||||||
| Return on Invested Capital [ROIC]ROIC | -53.21% | |||||||||||||||||||
| Return on Assets [ROA]ROA | -21.15% | -30.92% |