TH International Limited(THCH)Earnings, Financials & Key Ratios
THCH•NASDAQ
$1.60
Price updated Jun 27, 2026
AboutTH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. As of September 28, 2022, it had approximately 460 coffee shops across the People's Republic of China. The company was incorporated in 2018 and is based in Shanghai, the People's Republic of China. TH International Limited is a subsidiary of Tim Hortons Inc.Show more
- Revenue$1.28B-8.0%
- EBITDA-$142M-19.5%
- Net Income-$423M-2.6%
- EPS (Diluted)-13.01-2.4%
- Gross Margin6.06%-60.5%
- EBITDA Margin-11.1%-29.8%
- Operating Margin-19.3%+7.0%
- Net Margin-33.01%-11.4%
THCH Price & Volume
TH International Limited (THCH) stock price & volume — 10-year historical chart
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Persistent Operational Losses Threaten Long-term Solvency
Investment Thesis • Updated 2025Q4
VerdictNeutral
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Persistent negative unit economics
Key Thesis Takeaways
- TH International Limited faces a precarious outlook characterized by a -8.5% year-over-year revenue decline in 2025Q4 and a deeply negative equity position of -$1.2 billion.
- The company's aggressive expansion strategy has failed to yield sustainable unit economics, as evidenced by a -28.2% operating margin and a persistent inability to generate positive free cash flow.
- Investors should remain cautious as the firm's current ratio of 0.33 suggests significant liquidity constraints and potential insolvency risks in the face of intense market competition.
Verdict Logic
Negative: The company's net margin of -74.0% and a current ratio of 0.33 indicate extreme financial distress that outweighs any potential for near-term recovery.
THCH Growth Metrics
TH International Limited (THCH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years43.27%
3 Years8.19%
TTM-5.69%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-4.67%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-4.41%
Return on Capital
10 Years-77.16%
5 Years-96.4%
3 Years-121.01%
Last Year-244.5%
THCH Recent Earnings
TH International Limited (THCH) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (30%)●Beat Revenue 0/12 qtrs (0%)
Q3 2026Latest
Jun 9, 2026Metric
Actual
Est
EPS
$0.30-65.3%
$0.18
Rev
—
$55M
Q2 2026
Apr 14, 2026Metric
Actual
Est
EPS
$1.00-426.9%
$0.19
Rev
$36M-30.6%
$51M
Q4 2025
Dec 9, 2025Metric
Actual
Est
EPS
$0.23-59.0%
$0.14
Rev
$50M-9.4%
$55M
Q3 2025
Aug 26, 2025Metric
Actual
Est
EPS
$0.17+1.0%
$0.17
Rev
$49M-9.8%
$54M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 9, 2026 | $0.30vs $0.18-65.3% | —vs $55M |
| Q2 2026 | Apr 14, 2026 | $1.00vs $0.19-426.9% | $36Mvs $51M-30.6% |
| Q4 2025 | Dec 9, 2025 | $0.23vs $0.14-59.0% | $50Mvs $55M-9.4% |
| Q3 2025 | Aug 26, 2025 | $0.17vs $0.17+1.0% | $49Mvs $54M-9.8% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for TH International Limited (THCH)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $1.60 | $51.26M | -0.84 | -7.97% | -33.01% | — | — | |
| $40.85 | $14.35B | 16.34 | 4.37% | 7.83% | 15.1% | — | |
| $269.76 | $191.67B | 22.57 | 3.72% | 31.62% | — | — | |
| $104.60 | $119.21B | 64.17 | 2.79% | 3.89% | — | — | |
| $74.34 | $25.76B | 31.63 | 12.23% | 9.96% | 18.45% | — | |
| $7.80 | $1.49B | 9.18 | -3.1% | 7.81% | 150.73% | — |
Compare THCH vs Peers
TH International Limited (THCH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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THCH Frequently Asked Questions
TH International Limited (THCH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is TH International Limited's revenue?
TH International Limited (THCH) reported $1.31B in revenue for fiscal year 2025. This represents a 2191% increase from $57.3M in 2019.
How fast is TH International Limited growing?
TH International Limited (THCH) saw revenue decline by 8.0% over the past year.
Is THCH profitable?
TH International Limited (THCH) reported a net loss of $431.3M for fiscal year 2025.
Dividend & Returns
What is TH International Limited's free cash flow?
TH International Limited (THCH) had negative free cash flow of $9.2M in fiscal year 2025, likely due to heavy capital investments.