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Side-by-side financial comparison of TH International Ltd (THCH) and TECHPRECISION CORP (TPCS). Click either name above to swap in a different company.

TECHPRECISION CORP is the larger business by last-quarter revenue ($7.1M vs $6.6M, roughly 1.1× TH International Ltd). TECHPRECISION CORP runs the higher net margin — -20.8% vs -41.2%, a 20.4% 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.

TechPrecision Corp is a manufacturer of custom high-precision metal fabricated components and integrated systems, serving aerospace, defense, medical technology, renewable energy, and industrial end markets primarily across North America and Europe. It specializes in producing tight-tolerance, mission-critical parts that adhere to rigorous industry quality requirements.

THCH vs TPCS — Head-to-Head

Bigger by revenue
TPCS
TPCS
1.1× larger
TPCS
$7.1M
$6.6M
THCH
Higher net margin
TPCS
TPCS
20.4% more per $
TPCS
-20.8%
-41.2%
THCH

Income Statement — Q1 FY2024 vs Q3 FY2026

Metric
THCH
THCH
TPCS
TPCS
Revenue
$6.6M
$7.1M
Net Profit
$-2.7M
$-1.5M
Gross Margin
5.4%
Operating Margin
-37.3%
-19.1%
Net Margin
-41.2%
-20.8%
Revenue YoY
-6.9%
Net Profit YoY
-84.4%
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
THCH
THCH
TPCS
TPCS
Q4 25
$7.1M
Q3 25
$9.1M
Q2 25
$7.4M
Q1 25
$9.5M
Q4 24
$7.6M
Q3 24
$8.9M
Q2 24
$8.0M
Q1 24
$6.6M
$8.6M
Net Profit
THCH
THCH
TPCS
TPCS
Q4 25
$-1.5M
Q3 25
$825.0K
Q2 25
$-597.0K
Q1 25
$112.0K
Q4 24
$-799.0K
Q3 24
$-601.0K
Q2 24
$-1.5M
Q1 24
$-2.7M
$-5.1M
Gross Margin
THCH
THCH
TPCS
TPCS
Q4 25
5.4%
Q3 25
27.1%
Q2 25
14.0%
Q1 25
22.0%
Q4 24
13.0%
Q3 24
11.3%
Q2 24
3.0%
Q1 24
14.3%
Operating Margin
THCH
THCH
TPCS
TPCS
Q4 25
-19.1%
Q3 25
10.4%
Q2 25
-6.3%
Q1 25
3.9%
Q4 24
-9.1%
Q3 24
-5.5%
Q2 24
-16.8%
Q1 24
-37.3%
-28.6%
Net Margin
THCH
THCH
TPCS
TPCS
Q4 25
-20.8%
Q3 25
9.1%
Q2 25
-8.1%
Q1 25
1.2%
Q4 24
-10.5%
Q3 24
-6.7%
Q2 24
-18.3%
Q1 24
-41.2%
-59.5%
EPS (diluted)
THCH
THCH
TPCS
TPCS
Q4 25
$-0.15
Q3 25
$0.08
Q2 25
$-0.06
Q1 25
$0.01
Q4 24
$-0.08
Q3 24
$-0.06
Q2 24
$-0.16
Q1 24
$-0.59

Balance Sheet & Financial Strength

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

Metric
THCH
THCH
TPCS
TPCS
Cash + ST InvestmentsLiquidity on hand
$50.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$8.0M
Total Assets
$32.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
THCH
THCH
TPCS
TPCS
Q4 25
$50.0K
Q3 25
$220.0K
Q2 25
$143.0K
Q1 25
$195.0K
Q4 24
$165.0K
Q3 24
$132.0K
Q2 24
$44.8K
Q1 24
$138.0K
Total Debt
THCH
THCH
TPCS
TPCS
Q4 25
Q3 25
Q2 25
Q1 25
$3.0K
Q4 24
$19.0K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
THCH
THCH
TPCS
TPCS
Q4 25
$8.0M
Q3 25
$9.1M
Q2 25
$8.2M
Q1 25
$8.7M
Q4 24
$8.1M
Q3 24
$8.9M
Q2 24
$7.9M
Q1 24
$7.8M
Total Assets
THCH
THCH
TPCS
TPCS
Q4 25
$32.8M
Q3 25
$33.8M
Q2 25
$32.1M
Q1 25
$33.5M
Q4 24
$32.2M
Q3 24
$35.0M
Q2 24
$35.7M
Q1 24
$34.7M
Debt / Equity
THCH
THCH
TPCS
TPCS
Q4 25
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
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
THCH
THCH
TPCS
TPCS
Operating Cash FlowLast quarter
$-511
$183.0K
Free Cash FlowOCF − Capex
$-827.0K
FCF MarginFCF / Revenue
-11.7%
Capex IntensityCapex / Revenue
14.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
THCH
THCH
TPCS
TPCS
Q4 25
$183.0K
Q3 25
$-1.1M
Q2 25
$646.0K
Q1 25
$396.0K
Q4 24
$-570.0K
Q3 24
$-532.0K
Q2 24
$107.0K
Q1 24
$-511
$-452.0K
Free Cash Flow
THCH
THCH
TPCS
TPCS
Q4 25
$-827.0K
Q3 25
$-2.1M
Q2 25
$-604.0K
Q1 25
$-930.0K
Q4 24
$-1.7M
Q3 24
$-2.0M
Q2 24
$-94.0K
Q1 24
$-900.0K
FCF Margin
THCH
THCH
TPCS
TPCS
Q4 25
-11.7%
Q3 25
-22.9%
Q2 25
-8.2%
Q1 25
-9.8%
Q4 24
-22.9%
Q3 24
-21.8%
Q2 24
-1.2%
Q1 24
-10.5%
Capex Intensity
THCH
THCH
TPCS
TPCS
Q4 25
14.2%
Q3 25
11.0%
Q2 25
16.9%
Q1 25
14.0%
Q4 24
15.4%
Q3 24
15.9%
Q2 24
2.5%
Q1 24
5.2%
Cash Conversion
THCH
THCH
TPCS
TPCS
Q4 25
Q3 25
-1.31×
Q2 25
Q1 25
3.54×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

THCH
THCH

Segment breakdown not available.

TPCS
TPCS

Defense$6.7M94%
Other$410.0K6%

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