Stocktoria
TH International Ltd THCH
TH International Ltd (THCH) earns a Piotroski F-score of 4/9 (mixed financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend. FY2025 revenue was $1.3B at a -33.0% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -4.65 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
How it ranks in Retail Trade · percentile among 238 companies
Percentile vs other Retail Trade companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 4/9 tests passed
- 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″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | -0.574 |
| Retained earnings / assets | -2.637 |
| EBIT / assets | -0.27 |
| Equity / liabilities | -0.515 |
Sector peers · similar-size Retail Trade companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| THCH | TH International Ltd | 4/9 | -14.72 | — | -5.4% |
| BJRI | BJs RESTAURANTS INC | 6/9 | 1.1 | 25.8 | +3.1% |
| FWRG | First Watch Restaurant Group, Inc. | 4/9 | 0.19 | 40.4 | +20.3% |
| RRGB | RED ROBIN GOURMET BURGERS INC | 4/9 | -2.43 | — | -3.1% |
| CAVA | CAVA GROUP, INC. | 4/9 | 2.37 | 152.4 | +22.4% |
| JACK | JACK IN THE BOX INC | 3/9 | 1.37 | — | -6.7% |
| DIN | Dine Brands Global, Inc. | 6/9 | — | 27.3 | +8.2% |
About TH International Ltd
TH International Limited, together with its subsidiaries, develops, operates, and franchises coffee shops under the Tim Hortons brand in Mainland China, Hong Kong, and Macau. The company's stores offer coffee, alternative beverages, sandwiches, and baked goods. TH International Limited was founded in 2018 and is headquartered in Shanghai, the People's Republic of China.
FAQ
Is THCH financially healthy?
TH International Ltd's Piotroski F-score is 4/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does THCH pay a dividend?
No, TH International Ltd does not currently pay a dividend.
How profitable is THCH?
In FY2025, TH International Ltd had a net margin of -33.0%.
Is THCH a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on TH International Ltd: a Piotroski F-score of 4/9, an Altman Z″ in the distress zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.