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Side-by-side financial comparison of SOLESENCE, INC. (SLSN) and TH International Ltd (THCH). Click either name above to swap in a different company.

SOLESENCE, INC. is the larger business by last-quarter revenue ($12.5M vs $6.6M, roughly 1.9× TH International Ltd). SOLESENCE, INC. runs the higher net margin — 1.3% vs -41.2%, a 42.5% gap on every dollar of revenue.

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.

SLSN vs THCH — Head-to-Head

Bigger by revenue
SLSN
SLSN
1.9× larger
SLSN
$12.5M
$6.6M
THCH
Higher net margin
SLSN
SLSN
42.5% more per $
SLSN
1.3%
-41.2%
THCH

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
SLSN
SLSN
THCH
THCH
Revenue
$12.5M
$6.6M
Net Profit
$163.0K
$-2.7M
Gross Margin
27.5%
Operating Margin
1.5%
-37.3%
Net Margin
1.3%
-41.2%
Revenue YoY
-0.7%
Net Profit YoY
129.2%
EPS (diluted)
$0.00

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
SLSN
SLSN
THCH
THCH
Q4 25
$12.5M
Q3 25
$14.6M
Q2 25
$20.4M
Q1 25
$14.6M
Q4 24
$12.6M
Q3 24
$16.9M
Q2 24
$13.0M
Q1 24
$9.9M
$6.6M
Net Profit
SLSN
SLSN
THCH
THCH
Q4 25
$163.0K
Q3 25
$-1.1M
Q2 25
$2.7M
Q1 25
$80.0K
Q4 24
$-559.0K
Q3 24
$3.0M
Q2 24
$856.0K
Q1 24
$893.0K
$-2.7M
Gross Margin
SLSN
SLSN
THCH
THCH
Q4 25
27.5%
Q3 25
23.1%
Q2 25
28.9%
Q1 25
23.1%
Q4 24
22.0%
Q3 24
36.2%
Q2 24
28.7%
Q1 24
36.3%
Operating Margin
SLSN
SLSN
THCH
THCH
Q4 25
1.5%
Q3 25
-5.4%
Q2 25
9.4%
Q1 25
1.8%
Q4 24
-1.8%
Q3 24
19.0%
Q2 24
8.0%
Q1 24
11.3%
-37.3%
Net Margin
SLSN
SLSN
THCH
THCH
Q4 25
1.3%
Q3 25
-7.7%
Q2 25
13.1%
Q1 25
0.5%
Q4 24
-4.4%
Q3 24
18.1%
Q2 24
6.6%
Q1 24
9.0%
-41.2%
EPS (diluted)
SLSN
SLSN
THCH
THCH
Q4 25
$0.00
Q3 25
$-0.02
Q2 25
$0.04
Q1 25
$0.00
Q4 24
$0.00
Q3 24
$0.04
Q2 24
$0.01
Q1 24
$0.02

Balance Sheet & Financial Strength

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

Metric
SLSN
SLSN
THCH
THCH
Cash + ST InvestmentsLiquidity on hand
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.6M
Total Assets
$50.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLSN
SLSN
THCH
THCH
Q4 25
$1.3M
Q3 25
$429.0K
Q2 25
$4.1M
Q1 25
$1.8M
Q4 24
$1.4M
Q3 24
$2.9M
Q2 24
$2.4M
Q1 24
$2.0M
Stockholders' Equity
SLSN
SLSN
THCH
THCH
Q4 25
$17.6M
Q3 25
$17.2M
Q2 25
$18.2M
Q1 25
$15.2M
Q4 24
$14.9M
Q3 24
$15.2M
Q2 24
$11.9M
Q1 24
$5.0M
Total Assets
SLSN
SLSN
THCH
THCH
Q4 25
$50.1M
Q3 25
$54.0M
Q2 25
$60.0M
Q1 25
$57.0M
Q4 24
$50.0M
Q3 24
$48.0M
Q2 24
$40.8M
Q1 24
$38.5M

Cash Flow & Capital Efficiency

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

Metric
SLSN
SLSN
THCH
THCH
Operating Cash FlowLast quarter
$1.8M
$-511
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
11.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLSN
SLSN
THCH
THCH
Q4 25
$1.8M
Q3 25
$-2.5M
Q2 25
$-654.0K
Q1 25
$-7.2M
Q4 24
$2.2M
Q3 24
$4.2M
Q2 24
$-565.0K
Q1 24
$-3.9M
$-511
Free Cash Flow
SLSN
SLSN
THCH
THCH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-404.0K
Q3 24
$2.8M
Q2 24
$-1.0M
Q1 24
$-3.9M
FCF Margin
SLSN
SLSN
THCH
THCH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-3.2%
Q3 24
16.6%
Q2 24
-8.0%
Q1 24
-39.9%
Capex Intensity
SLSN
SLSN
THCH
THCH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
20.6%
Q3 24
8.3%
Q2 24
3.7%
Q1 24
0.9%
Cash Conversion
SLSN
SLSN
THCH
THCH
Q4 25
11.16×
Q3 25
Q2 25
-0.25×
Q1 25
-90.26×
Q4 24
Q3 24
1.38×
Q2 24
-0.66×
Q1 24
-4.32×

Financial Flow Comparison

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

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