TH International Limited (THCH) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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THCH Revenue Growth
Revenue Breakdown (FY 2024)
THCH's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
THCH Revenue Analysis (2019–2024)
As of May 8, 2026, TH International Limited (THCH) generated trailing twelve-month (TTM) revenue of $1.34 billion, reflecting slight decline in growth of -4.9% year-over-year. The most recent quarter (Q2 2025) recorded $349.0 million in revenue, up 16.0% sequentially.
Looking at the longer-term picture, THCH's 5-year compound annual growth rate (CAGR) stands at +89.3%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.58 billion in 2023.
Revenue diversification analysis shows THCH's business is primarily driven by Franchise (100%). With over half of revenue concentrated in Franchise, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including YUMC (+6.7% YoY), MCD (+6.8% YoY), and SBUX (+4.3% YoY), THCH has underperformed the peer group in terms of revenue growth. Compare THCH vs YUMC →
THCH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| THCHCurrent | $1.3B | -4.9% | +89.3% | -25.1% | |
 YUMC | $11.8B | +6.7% | +7.4% | 12.4% | |
 MCD | $26.9B | +6.8% | +7.0% | 46.1% | |
 SBUX | $37.2B | +4.3% | +9.6% | 9.6% | |
 QSR | $9.4B | +9.3% | +13.7% | 23.7% | |
 WEN | $2.2B | -1.7% | +5.6% | 16.5% |
THCH Historical Revenue Data (2019–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $1.39B | -11.7% | $213.6M | 15.4% | $-349,081,000 | -25.1% |
| 2023 | $1.58B | +55.9% | $417.2M | 26.5% | $-701,182,729 | -44.5% |
| 2022 | $1.01B | +57.2% | $33.1M | 3.3% | $-581,183,654 | -57.5% |
| 2021 | $643.4M | +203.4% | $13.8M | 2.1% | $-374,464,099 | -58.2% |
| 2020 | $212.1M | +270.4% | $6.6M | 3.1% | $-141,172,394 | -66.6% |
| 2019 | $57.3M | - | $-17,146,817 | -29.9% | $-91,256,107 | -159.4% |
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Start ComparisonTHCH — Frequently Asked Questions
Quick answers to the most common questions about buying THCH stock.
Is THCH's revenue growth accelerating or slowing?
THCH revenue growth slowed to -4.9%, below the 5-year CAGR of +89.3%. TTM revenue is $1.3B. The deceleration marks a shift from historical growth rates.
What is THCH's long-term revenue growth rate?
TH International Limited's 5-year revenue CAGR of +89.3% reflects the variable expansion pattern. Current YoY growth of -4.9% is near this long-term average.
How is THCH's revenue distributed by segment?
THCH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.