Company Owned & Operated Stores was TH International’s largest product and service line in fiscal 2025, bringing in $1.07B of $1.32B (81%).
| Product and Service | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Company Owned & Operated Stores | $938.10M | $1.39B | $1.19B | $1.07B | ||
| Sales Of Food, Beverage & Packaged Products By Company Owned And Operated Stores | — | — | — | — | ||
| Revenues From Other Franchise Support Activities | $18.97M | $66.88M | $149.46M | $196.11M | ||
| Revenue From E-Commerce Sales | $41.64M | $59.07M | $808.86K | — | ||
| Franchise Fees | $4.54M | $15.44M | $24.21M | $36.55M | ||
| Revenues From Wholesale & Other Activities | — | $28.98M | $28.38M | $15.37M | ||
| Revenues From Other Activities | $1.30M | — | — | — | ||
| Revenues From Wholesale Activities | $6.53M | — | — | — | ||
| Provision Of Consumer Research Service To Thri | — | — | — | — | ||
| Total | $1.01B | $1.56B | $1.39B | $1.32B |
TH International brought in $1.32B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. TH International regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $1.39B. Company Owned & Operated Stores was the largest at $1.07B (81.2%), ahead of Revenues From Other Franchise Support Activities at $196.11M (14.9%) and Franchise Fees at $36.55M (2.8%). The remaining line, Revenues From Wholesale & Other Activities, brought in $15.37M.
Compared with fiscal 2024, Franchise Fees grew fastest, up 51.0% to $36.55M, while Company Owned & Operated Stores fell the most, down 10.1% to $1.07B.
TH International began breaking out Revenues From Wholesale & Other Activities in fiscal 2023, when it brought in $28.98M. TH International stopped reporting Revenues From Wholesale Activities ($6.53M in fiscal 2022), Revenues From Other Activities ($1.30M in fiscal 2022) and Revenue From E-Commerce Sales ($808.86K in fiscal 2024) as separate lines.
Company Owned & Operated Stores was TH International’s largest revenue line in fiscal 2021, bringing in $617.23M of $643.37M (96%).
| Deferred Revenue Arrangement Type | FY 2021 |
|---|---|
| Company Owned & Operated Stores | $617.23M |
| Other Revenues | $26.15M |
| Total | $643.37M |
TH International brought in $643.37M from its two revenue lines in fiscal 2021, the year ended December 31, 2021. Company Owned & Operated Stores was the largest at $617.23M (95.9%), ahead of Other Revenues at $26.15M (4.1%).
TH International (THCH) reports its revenue by product and service and by deferred revenue arrangement type. In fiscal 2025, Company Owned & Operated Stores was its largest product and service line, bringing in $1.07B (81.2% of the total), followed by Revenues From Other Franchise Support Activities at $196.11M (14.9%).
Company Owned & Operated Stores was TH International's largest product and service line in fiscal 2025, bringing in $1.07B, or 81.2% of the $1.32B total across its four product and service lines.
Company Owned & Operated Stores was TH International's largest revenue line in fiscal 2021, bringing in $617.23M, or 95.9% of the $643.37M total across its two revenue lines.
Every figure comes from TH International's annual financial filings, as reported. Each line keeps the name TH International gives it, and years follow its fiscal calendar.
TH International's revenue by product and service goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.