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TH International Ltd is the parent company of the franchise of Tim Hortons coffee shops and has the rights to operate Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. Through the Tim Hortons brand, the firm offers freshly brewed coffee, tea, and other beverages, bakery & sides, and sandwiches. The Company operated under single reportable segment, Tim Hortons. The company's revenue is derived from its operations in the PRC.
2018
1.6K+
LTM Revenue $28.2M
Last FY EBITDA -$266M
$327M
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TH International has a last 12-month revenue (LTM) of $28.2M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, TH International achieved revenue of $1.4B and an EBITDA of -$266M.
TH International expects next 12-month revenue of XXX and NTM EBITDA of XXX
See TH International valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $28.2M | XXX | $1.4B | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | $214M | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | 15% | XXX | XXX | XXX |
| EBITDA | n/a | XXX | -$266M | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | -19% | XXX | XXX | XXX |
| EBIT | -$4.6M | XXX | -$289M | XXX | XXX | XXX |
| EBIT Margin | -16% | XXX | -21% | XXX | XXX | XXX |
| Net Profit | -$5.3M | XXX | -$412M | XXX | XXX | XXX |
| Net Margin | -19% | XXX | -30% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $1.2B | XXX | XXX | XXX |
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As of July 31, 2025, TH International's stock price is $3.
TH International has current market cap of $94.1M, and EV of $327M.
See TH International trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $327M | $94.1M | XXX | XXX | XXX | XXX | $-1.17 |
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Start Free TrialAs of July 31, 2025, TH International has market cap of $94.1M and EV of $327M.
TH International's trades at 0.2x EV/Revenue multiple, and -1.2x EV/EBITDA.
Equity research analysts estimate TH International's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TH International has a P/E ratio of -2.5x.
See valuation multiples for TH International and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $94.1M | XXX | $94.1M | XXX | XXX | XXX |
| EV (current) | $327M | XXX | $327M | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 0.2x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | -1.2x | XXX | XXX | XXX |
| EV/EBIT | -9.9x | XXX | -1.1x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | -2.5x | XXX | -0.2x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -2.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialTH International's last 12 month revenue growth is 9%
TH International's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.3M for the same period.
TH International's rule of 40 is -34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TH International's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for TH International and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | -60% | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | -19% | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -34% | XXX | -10% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 36% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Americana Restaurants | XXX | XXX | XXX | XXX | XXX | XXX |
| Collins Foods | XXX | XXX | XXX | XXX | XXX | XXX |
| Domino's Pizza Enterprises | XXX | XXX | XXX | XXX | XXX | XXX |
| Endeavour Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Guzman y Gomez | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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TH International acquired XXX companies to date.
Last acquisition by TH International was XXXXXXXX, XXXXX XXXXX XXXXXX . TH International acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was TH International founded? | TH International was founded in 2018. |
| Where is TH International headquartered? | TH International is headquartered in United States of America. |
| How many employees does TH International have? | As of today, TH International has 1.6K+ employees. |
| Who is the CEO of TH International? | TH International's CEO is Mr. Yongchen Lu. |
| Is TH International publicy listed? | Yes, TH International is a public company listed on NAS. |
| What is the stock symbol of TH International? | TH International trades under THCH ticker. |
| When did TH International go public? | TH International went public in 2022. |
| Who are competitors of TH International? | Similar companies to TH International include e.g. Americana Restaurants, Collins Foods, Domino's Pizza Enterprises, Endeavour Group. |
| What is the current market cap of TH International? | TH International's current market cap is $94.1M |
| What is the current revenue of TH International? | TH International's last 12 months revenue is $28.2M. |
| What is the current revenue growth of TH International? | TH International revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of TH International? | Current revenue multiple of TH International is 1.6x. |
| Is TH International profitable? | Yes, TH International is EBITDA-positive (as of the last 12 months). |
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