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TH International Limited (THCH)
NASDAQ: THCH · Real-Time Price · USD
1.740
-0.060 (-3.33%)
At close: Aug 5, 2026, 4:00 PM EDT
1.510
-0.230 (-13.22%)
After-hours: Aug 5, 2026, 4:00 PM EDT

TH International Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,2721,3161,3911,5601,011643.37
Revenue Growth
-6.44%-5.39%-10.82%54.29%57.15%203.36%
Gross Profit
174.6187.73176.2994.77-39.12-66.5
Operating Income
-304.33-317.35-349.08-667.93-581.18-374.46
Net Income
-259.18-434.49-412.08-876.25-560.25-381.72
Earnings Per Share
-14.95-13.36-12.70-28.41-28.99-15.70
EPS Growth
------

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
104.79121.79152.37219.48611.45390.84
Total Debt
1,9461,9691,8781,8081,771522.42
Net Cash (Debt)
-1,842-1,847-1,726-1,588-1,160-131.59
Net Cash Growth
------
Net Cash Per Share
-56.61-56.80-53.19-51.50-45.28-5.41

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-36.03-12.71-39.67-196.13457.82-244.97
Capital Expenditures
--65.62-102.84-291.67--335.32
Free Cash Flow
-36.03-78.33-142.51-487.8457.82-580.28
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
13.72%14.26%12.67%6.07%-3.87%-10.34%
Operating Margin
-23.92%-24.11%-25.09%-42.82%-57.48%-58.20%
Pretax Margin
-29.59%-33.07%-32.94%-53.82%-55.20%-59.52%
Profit Margin
-20.36%-33.11%-33.10%-53.83%-55.20%-59.52%
FCF Margin
-2.83%-5.95%-10.24%-31.27%45.28%-90.19%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
P/FCF Ratio
----5.90-
PS Ratio
0.300.420.601.262.6712.04