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Side-by-side financial comparison of CITIUS ONCOLOGY, INC. (CTOR) 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 $3.9M, roughly 1.7× CITIUS ONCOLOGY, INC.). TH International Ltd runs the higher net margin — -41.2% vs -140.3%, a 99.1% gap on every dollar of revenue.

Citius Oncology, Inc. is a late-stage biopharmaceutical company focused on developing innovative targeted therapies for cancer patients. Its core pipeline covers treatments addressing unmet medical needs in hematologic malignancies and solid tumors, primarily serving North American and global oncology care markets.

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.

CTOR vs THCH — Head-to-Head

Bigger by revenue
THCH
THCH
1.7× larger
THCH
$6.6M
$3.9M
CTOR
Higher net margin
THCH
THCH
99.1% more per $
THCH
-41.2%
-140.3%
CTOR

Income Statement — Q1 FY2026 vs Q1 FY2024

Metric
CTOR
CTOR
THCH
THCH
Revenue
$3.9M
$6.6M
Net Profit
$-5.5M
$-2.7M
Gross Margin
80.0%
Operating Margin
-133.2%
-37.3%
Net Margin
-140.3%
-41.2%
Revenue YoY
Net Profit YoY
16.9%
EPS (diluted)
$-0.06

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

Balance Sheet & Financial Strength

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

Metric
CTOR
CTOR
THCH
THCH
Cash + ST InvestmentsLiquidity on hand
$7.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.4M
Total Assets
$110.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTOR
CTOR
THCH
THCH
Q4 25
$7.3M
Q1 24
Stockholders' Equity
CTOR
CTOR
THCH
THCH
Q4 25
$58.4M
Q1 24
Total Assets
CTOR
CTOR
THCH
THCH
Q4 25
$110.0M
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
CTOR
CTOR
THCH
THCH
Operating Cash FlowLast quarter
$-7.4M
$-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
CTOR
CTOR
THCH
THCH
Q4 25
$-7.4M
Q1 24
$-511

Financial Flow Comparison

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

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