TH International Limited

TH International Limited

THCH
TH International LimitedUS flagNASDAQ Capital Market
1.35
USD
-0.01
- -
43.25MMarket Cap
TH International Limited
THCH
(NASDAQ Capital Market)

Recent

price

1.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.13
7.88
23.89
39.46
50.59
42.88
40.47
36.8
Revenue per Share
-3.26
-5.27
-14.18
-28.99
-28.41
-12.7
-13.36
-15.63
Basic EPS, GAAP
-4.95
-10.79
-21.55
-24.27
-15.82
-4.39
-2.41
-0.03
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
15.91
12.46
3.65
-13.5
-26.27
-38.8
-44.13
Book Value per Share
- -
13.61
9.58
0.43
-17
-29.3
-41.33
-46.4
Tangible Book Value per Share
27
27
27
26
31
32
33
33
Basic Weighted Avg Shares
57
212
643
1,011
1,560
1,391
1,316
1,197
Sales/Revenue/Turnover
-159.38
-66.56
-57.81
-55.89
-34.62
-20.75
-19.04
-21.76
Operating Margin (%)
9
28
74
133
163
170
147
95
Depreciation Expense
-88
-142
-382
-743
-876
-412
-434
-508
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-153.09
-66.95
-59.33
-73.45
-56.17
-29.62
-33.01
-42.49
Profit Margin (%)
- -
123
19
-521
-937
-1,119
-676
-764
Working Capital
- -
- -
330
1,183
1,080
845
1,393
1,360
LT Debt
- -
433
339
110
-422
-833
-1,236
-1,407
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-66.31
-99.95
-334.23
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
576
587
618
LT Borrowings
1,153
1,167
1,184
LT Finance Leases
240
192
176
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
32
32
32
Market Capitalization
558
455
416

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
327
285
295
Cash, Cash Equivalents & STI
135
105
108
Accounts Receivable, Net
18
15
12
Inventories
37
33
33
Total Current Liabilities
1,002
1,007
1,059
Payables & Accruals
364
221
234
ST Debt
576
587
618
Deferred Revenue
37
33
33

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-85.3%
48.43%
Free Cash Flow
- -
-6.1%
-45.04%
Net Income, GAAP
- -
46.77%
5.44%
Sales/Revenue/Turnover
- -
59.72%
-5.39%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
332
367
360
333
1,391
2025
301
349
358
308
1,316
2026
257
273
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-4.48
-1.45
-2.75
-4.05
-12.7
2025
-1.78
-2.32
-2.24
-7.01
-13.36
2026
-3.38
-3
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
TH International Limited (Nasdaq: THCH) operates and franchises Tim Hortons coffee shops in China, providing quick-service restaurant services focused on coffee, baked goods, and other food and beverage items. The company offers core products including premium coffee blends such as Tim Hortons Original Blend and Dark Roast, signature baked goods like Timbits doughnut holes, donuts, muffins, cookies, and croissants; breakfast items comprising breakfast sandwiches, bagels, and oatmeal; and additional menu options such as specialty beverages, iced cappuccinos, smoothies, soups, chili, and limited-time offerings tailored to local tastes. Through its exclusive master license agreement with Restaurant Brands International Inc., TH International manages restaurant operations, franchising, and supply chain activities across mainland China, Hong Kong, and Macau. Founded in 2018 and headquartered in Shanghai, China, the company targets urban consumers seeking convenient, high-quality fast food in the competitive quick-service restaurant sector. In recent developments, TH International has expanded its store footprint with new openings in key cities and pursued strategic growth initiatives amid China's recovering consumer market post-pandemic.

Company News

  • TH International Limited (THCH) Q2 2026 Earnings Call Transcript

  • TH International Q2 Earnings Call Highlights

  • Tims China Announces Second Quarter 2026 Financial Results

  • TH International Limited (THCH) Q1 2026 Earnings Call Transcript

  • TH International Q1 Earnings Call Highlights

  • Tims China Announces First Quarter 2026 Financial Results

  • Tims China Announces Appointment of Mr. Kwok Wah Cheung as Chief Executive Officer and Issuance of Additional Senior Secured Convertible Notes

  • Tims China to Announce First Quarter 2026 Financial Results on June 9, 2026

  • TH International Q4 Earnings Call Highlights

  • TH International Limited (THCH) Q4 2025 Earnings Call Transcript

  • Tims China Announces Fourth Quarter and Full Year 2025 Financial Results

  • Tims China Announces Q4 and Full Year 2025 Results Conference Call

  • TH International (NASDAQ:THCH) vs. Chipotle Mexican Grill (NYSE:CMG) Head to Head Contrast

  • TH International Limited (NASDAQ:THCH) Short Interest Update

  • Tims China Marks 7th Anniversary, Partners with Air Canada to Celebrate a Club-Members only “Maple Journey” Promotion*

  • Head to Head Review: Dutch Bros (NYSE:BROS) and TH International (NASDAQ:THCH)

  • Analyzing Super Hi International (NASDAQ:HDL) & TH International (NASDAQ:THCH)

  • Comparing TH International (NASDAQ:THCH) and Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

  • TH International Limited (THCH) Q3 2025 Earnings Call Transcript

  • Tims China Announces Third Quarter 2025 Financial Results