Stocktoria
TH International Ltd THCH
Nasdaq · XNAS · stock · Retail-Eating Places · website · IPO 2022-09-29
Chart by TradingView
3/9
Piotroski F — financial health
-14.71
Altman Z″ — distress risk · distress
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $1.3B | $1.4B | $1.6B | $1.0B | $643.4M |
| Operating income | -$317.4M | -$349.1M | -$667.9M | -$581.2M | -$374.5M |
| Net income | -$434.5M | -$412.1M | -$876.3M | -$742.6M | -$381.7M |
| Operating cash flow | -$12.7M | -$46.4M | -$196.1M | -$286.9M | -$245.0M |
| Free cash flow | -$78.3M | -$149.2M | -$487.8M | -$621.9M | -$580.3M |
| Total assets | $1.2B | $1.6B | $2.2B | $2.6B | $1.3B |
| Total liabilities | $2.4B | $2.4B | $2.6B | $2.5B | $945.8M |
| Shareholders' equity | -$1.2B | -$840.9M | -$422.4M | $110.3M | $339.1M |
| Ratios | |||||
| Operating margin | -24.1% | -25.1% | -42.8% | -57.5% | -58.2% |
| Net margin | -33.0% | -29.6% | -56.2% | -73.5% | -59.3% |
| FCF margin | -6.0% | -10.7% | -31.3% | -61.5% | -90.2% |
| Return on assets | -36.9% | -26.4% | -39.6% | -28.1% | -29.7% |
| Return on equity | 35.1% | 49.0% | 207.4% | -673.3% | -112.6% |
| Debt / equity | — | -0.01× | -0.04× | 0.27× | 0.04× |
| Current ratio | 0.33 | 0.27 | 0.33 | 0.60 | 1.03 |
| Revenue growth | -5.4% | -10.8% | 54.3% | 57.2% | — |
Why these scores methodology →
Piotroski F-score: 3/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -14.71 (distress)
- Working capital / assets -0.574
- Retained earnings / assets -2.637
- EBIT / assets -0.27
- Equity / liabilities -0.512
Sector peers
WMT · CVS · COST · JD · HD · KR · all Retail Trade →
Source: SEC EDGAR filings · CIK 0001877333 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.