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Side-by-side financial comparison of BranchOut Food Inc. (BOF) 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 $4.0M, roughly 1.7× BranchOut Food Inc.). TH International Ltd runs the higher net margin — -41.2% vs -50.6%, a 9.4% gap on every dollar of revenue.

Food Lion is an American regional supermarket chain headquartered in Salisbury, North Carolina, that operates over 1,000 supermarkets in 10 states: Delaware, Georgia, Kentucky, Maryland, North Carolina, South Carolina, Pennsylvania, Tennessee, Virginia, and West Virginia. The chain employs over 82,000 people. It was founded in 1957 as Food Town, a single grocery store in Salisbury. It later expanded to many locations across North Carolina. It was independently operated until it was acquired b...

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.

BOF vs THCH — Head-to-Head

Bigger by revenue
THCH
THCH
1.7× larger
THCH
$6.6M
$4.0M
BOF
Higher net margin
THCH
THCH
9.4% more per $
THCH
-41.2%
-50.6%
BOF

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
BOF
BOF
THCH
THCH
Revenue
$4.0M
$6.6M
Net Profit
$-2.0M
$-2.7M
Gross Margin
7.6%
Operating Margin
-47.6%
-37.3%
Net Margin
-50.6%
-41.2%
Revenue YoY
181.9%
Net Profit YoY
-36.5%
EPS (diluted)
$-0.15

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
BOF
BOF
THCH
THCH
Q4 25
$4.0M
Q3 25
$3.2M
Q2 25
$3.3M
Q1 25
$3.2M
Q4 24
$1.4M
Q3 24
$2.2M
Q2 24
$1.4M
Q1 24
$1.5M
$6.6M
Net Profit
BOF
BOF
THCH
THCH
Q4 25
$-2.0M
Q3 25
$-1.6M
Q2 25
$-1.6M
Q1 25
$-918.4K
Q4 24
$-1.5M
Q3 24
$-1.3M
Q2 24
$-942.6K
Q1 24
$-1.1M
$-2.7M
Gross Margin
BOF
BOF
THCH
THCH
Q4 25
7.6%
Q3 25
17.7%
Q2 25
18.4%
Q1 25
17.3%
Q4 24
0.9%
Q3 24
15.4%
Q2 24
10.9%
Q1 24
19.3%
Operating Margin
BOF
BOF
THCH
THCH
Q4 25
-47.6%
Q3 25
-44.3%
Q2 25
-40.8%
Q1 25
-21.4%
Q4 24
-80.7%
Q3 24
-41.4%
Q2 24
-60.6%
Q1 24
-69.9%
-37.3%
Net Margin
BOF
BOF
THCH
THCH
Q4 25
-50.6%
Q3 25
-48.8%
Q2 25
-48.6%
Q1 25
-28.8%
Q4 24
-104.5%
Q3 24
-58.3%
Q2 24
-69.2%
Q1 24
-71.6%
-41.2%
EPS (diluted)
BOF
BOF
THCH
THCH
Q4 25
$-0.15
Q3 25
$-0.14
Q2 25
$-0.17
Q1 25
$-0.11
Q4 24
$-0.16
Q3 24
$-0.19
Q2 24
$-0.22
Q1 24
$-0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BOF
BOF
THCH
THCH
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$4.9M
Stockholders' EquityBook value
$5.6M
Total Assets
$14.5M
Debt / EquityLower = less leverage
0.89×

8-quarter trend — quarters aligned by calendar period.

Total Debt
BOF
BOF
THCH
THCH
Q4 25
$4.9M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BOF
BOF
THCH
THCH
Q4 25
$5.6M
Q3 25
$5.1M
Q2 25
$3.5M
Q1 25
$3.9M
Q4 24
$2.3M
Q3 24
$1.5M
Q2 24
$2.0M
Q1 24
$1.7M
Total Assets
BOF
BOF
THCH
THCH
Q4 25
$14.5M
Q3 25
$14.7M
Q2 25
$13.2M
Q1 25
$14.1M
Q4 24
$12.9M
Q3 24
$9.6M
Q2 24
$6.7M
Q1 24
$2.7M
Debt / Equity
BOF
BOF
THCH
THCH
Q4 25
0.89×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BOF
BOF
THCH
THCH
Operating Cash FlowLast quarter
$-1.9M
$-511
Free Cash FlowOCF − Capex
$-2.1M
FCF MarginFCF / Revenue
-52.6%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOF
BOF
THCH
THCH
Q4 25
$-1.9M
Q3 25
$-1.1M
Q2 25
$-2.0M
Q1 25
$-1.9M
Q4 24
$-1.6M
Q3 24
$-1.9M
Q2 24
$-853.9K
Q1 24
$-503.6K
$-511
Free Cash Flow
BOF
BOF
THCH
THCH
Q4 25
$-2.1M
Q3 25
$-1.2M
Q2 25
$-2.1M
Q1 25
$-2.3M
Q4 24
$-2.3M
Q3 24
$-3.4M
Q2 24
$-1.4M
Q1 24
$-553.6K
FCF Margin
BOF
BOF
THCH
THCH
Q4 25
-52.6%
Q3 25
-37.4%
Q2 25
-64.5%
Q1 25
-72.2%
Q4 24
-163.6%
Q3 24
-157.9%
Q2 24
-101.3%
Q1 24
-37.7%
Capex Intensity
BOF
BOF
THCH
THCH
Q4 25
4.3%
Q3 25
2.6%
Q2 25
3.4%
Q1 25
11.8%
Q4 24
51.1%
Q3 24
70.8%
Q2 24
38.6%
Q1 24
3.4%

Financial Flow Comparison

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

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