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Side-by-side financial comparison of TRANSCONTINENTAL REALTY INVESTORS INC (TCI) and TH International Ltd (THCH). Click either name above to swap in a different company.

TRANSCONTINENTAL REALTY INVESTORS INC is the larger business by last-quarter revenue ($12.1M vs $6.6M, roughly 1.8× TH International Ltd). TRANSCONTINENTAL REALTY INVESTORS INC runs the higher net margin — 68.8% vs -41.2%, a 110.0% gap on every dollar of revenue.

Transcontinental Realty Investors Inc. (TCI) is a U.S.-based real estate investment firm that owns, operates and develops a diversified portfolio of residential, commercial and mixed-use properties across core U.S. regional markets. It pursues long-term value growth via strategic property acquisitions, efficient asset management and tailored leasing solutions for individual and business tenants.

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.

TCI vs THCH — Head-to-Head

Bigger by revenue
TCI
TCI
1.8× larger
TCI
$12.1M
$6.6M
THCH
Higher net margin
TCI
TCI
110.0% more per $
TCI
68.8%
-41.2%
THCH

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
TCI
TCI
THCH
THCH
Revenue
$12.1M
$6.6M
Net Profit
$8.3M
$-2.7M
Gross Margin
Operating Margin
-28.9%
-37.3%
Net Margin
68.8%
-41.2%
Revenue YoY
2.3%
Net Profit YoY
7577.8%
EPS (diluted)
$0.97

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
TCI
TCI
THCH
THCH
Q4 25
$12.1M
Q3 25
$12.8M
Q2 25
$12.2M
Q1 25
$12.0M
Q4 24
$11.8M
Q3 24
$11.6M
Q2 24
$11.8M
Q1 24
$11.9M
$6.6M
Net Profit
TCI
TCI
THCH
THCH
Q4 25
$8.3M
Q3 25
$724.0K
Q2 25
$169.0K
Q1 25
$4.6M
Q4 24
$108.0K
Q3 24
$1.7M
Q2 24
$1.5M
Q1 24
$2.5M
$-2.7M
Operating Margin
TCI
TCI
THCH
THCH
Q4 25
-28.9%
Q3 25
-10.9%
Q2 25
-6.8%
Q1 25
-5.3%
Q4 24
-14.3%
Q3 24
-14.4%
Q2 24
-9.2%
Q1 24
-11.2%
-37.3%
Net Margin
TCI
TCI
THCH
THCH
Q4 25
68.8%
Q3 25
5.6%
Q2 25
1.4%
Q1 25
38.5%
Q4 24
0.9%
Q3 24
14.7%
Q2 24
12.7%
Q1 24
21.4%
-41.2%
EPS (diluted)
TCI
TCI
THCH
THCH
Q4 25
$0.97
Q3 25
$0.08
Q2 25
$0.02
Q1 25
$0.53
Q4 24
$0.01
Q3 24
$0.20
Q2 24
$0.17
Q1 24
$0.30

Balance Sheet & Financial Strength

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

Metric
TCI
TCI
THCH
THCH
Cash + ST InvestmentsLiquidity on hand
$89.0M
Total DebtLower is stronger
$210.8M
Stockholders' EquityBook value
$846.7M
Total Assets
$1.1B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TCI
TCI
THCH
THCH
Q4 25
$89.0M
Q3 25
$82.7M
Q2 25
$73.5M
Q1 25
$88.6M
Q4 24
$99.7M
Q3 24
$131.6M
Q2 24
$127.5M
Q1 24
$130.8M
Total Debt
TCI
TCI
THCH
THCH
Q4 25
$210.8M
Q3 25
$223.5M
Q2 25
$212.4M
Q1 25
$198.2M
Q4 24
$181.9M
Q3 24
$180.3M
Q2 24
$177.4M
Q1 24
$178.3M
Stockholders' Equity
TCI
TCI
THCH
THCH
Q4 25
$846.7M
Q3 25
$838.4M
Q2 25
$837.7M
Q1 25
$837.3M
Q4 24
$832.3M
Q3 24
$832.2M
Q2 24
$830.4M
Q1 24
$828.9M
Total Assets
TCI
TCI
THCH
THCH
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
$1.0B
Debt / Equity
TCI
TCI
THCH
THCH
Q4 25
0.25×
Q3 25
0.27×
Q2 25
0.25×
Q1 25
0.24×
Q4 24
0.22×
Q3 24
0.22×
Q2 24
0.21×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
TCI
TCI
THCH
THCH
Operating Cash FlowLast quarter
$-2.9M
$-511
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TCI
TCI
THCH
THCH
Q4 25
$-2.9M
Q3 25
$8.2M
Q2 25
$-2.9M
Q1 25
$-7.4M
Q4 24
$1.3M
Q3 24
$13.7M
Q2 24
$-511.0K
Q1 24
$3.9M
$-511
Cash Conversion
TCI
TCI
THCH
THCH
Q4 25
-0.35×
Q3 25
11.28×
Q2 25
-17.24×
Q1 25
-1.61×
Q4 24
12.13×
Q3 24
8.03×
Q2 24
-0.34×
Q1 24
1.52×

Financial Flow Comparison

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

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