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Side-by-side financial comparison of Almonty Industries Inc. (ALM) and TH International Ltd (THCH). Click either name above to swap in a different company.

TH International Ltd is the larger business by last-quarter revenue ($6.6M vs $6.3M, roughly 1.1× Almonty Industries Inc.). TH International Ltd runs the higher net margin — -41.2% vs -86.1%, a 44.9% gap on every dollar of revenue.

Almonty Industries Inc. is an international mining company primarily engaged in the extraction and development of tungsten resources. The company operates in Spain, Portugal, and South Korea and is publicly traded on the Toronto Stock Exchange (TSX). The current Chief Executive Officer is Lewis Black.

TH International Ltd is the exclusive operator of the Tim Hortons coffee brand in mainland China. It offers freshly brewed coffee, artisanal baked goods, light meals and branded peripheral products, operating physical offline stores and third-party delivery channels, targeting young urban consumers across tier 1, tier 2 and tier 3 cities in China.

ALM vs THCH — Head-to-Head

Bigger by revenue
THCH
THCH
1.1× larger
THCH
$6.6M
$6.3M
ALM
Higher net margin
THCH
THCH
44.9% more per $
THCH
-41.2%
-86.1%
ALM

Income Statement — Q3 FY2025 vs Q1 FY2024

Metric
ALM
ALM
THCH
THCH
Revenue
$6.3M
$6.6M
Net Profit
$-5.4M
$-2.7M
Gross Margin
Operating Margin
-37.3%
Net Margin
-86.1%
-41.2%
Revenue YoY
Net Profit YoY
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALM
ALM
THCH
THCH
Q3 25
$6.3M
Q2 25
$7.2M
Q1 24
$6.6M
Net Profit
ALM
ALM
THCH
THCH
Q3 25
$-5.4M
Q2 25
$-58.2M
Q1 24
$-2.7M
Operating Margin
ALM
ALM
THCH
THCH
Q3 25
Q2 25
Q1 24
-37.3%
Net Margin
ALM
ALM
THCH
THCH
Q3 25
-86.1%
Q2 25
-809.4%
Q1 24
-41.2%

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALM
ALM
THCH
THCH
Operating Cash FlowLast quarter
$-511
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALM
ALM
THCH
THCH
Q3 25
Q2 25
Q1 24
$-511

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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