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Side-by-side financial comparison of TH International Ltd (THCH) and Taysha Gene Therapies, Inc. (TSHA). Click either name above to swap in a different company.

TH International Ltd is the larger business by last-quarter revenue ($6.6M vs $5.5M, roughly 1.2× Taysha Gene Therapies, Inc.). TH International Ltd runs the higher net margin — -41.2% vs -507.8%, a 466.6% 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.

Taysha Gene Therapies, Inc. is a clinical-stage biotechnology company specializing in developing adeno-associated virus (AAV)-based gene therapies for rare monogenic central nervous system disorders with high unmet medical needs. Its core pipeline targets serious life-threatening neurological conditions, with primary operations and market focus across North America and European regions.

THCH vs TSHA — Head-to-Head

Bigger by revenue
THCH
THCH
1.2× larger
THCH
$6.6M
$5.5M
TSHA
Higher net margin
THCH
THCH
466.6% more per $
THCH
-41.2%
-507.8%
TSHA

Income Statement — Q1 FY2024 vs Q4 FY2025

Metric
THCH
THCH
TSHA
TSHA
Revenue
$6.6M
$5.5M
Net Profit
$-2.7M
$-27.9M
Gross Margin
Operating Margin
-37.3%
-516.0%
Net Margin
-41.2%
-507.8%
Revenue YoY
171.3%
Net Profit YoY
-48.3%
EPS (diluted)
$-0.08

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
TSHA
TSHA
Q4 25
$5.5M
Q3 25
$0
Q2 25
$2.0M
Q1 25
$2.3M
Q4 24
$2.0M
Q3 24
$1.8M
Q2 24
$1.1M
Q1 24
$6.6M
$3.4M
Net Profit
THCH
THCH
TSHA
TSHA
Q4 25
$-27.9M
Q3 25
$-32.7M
Q2 25
$-26.9M
Q1 25
$-21.5M
Q4 24
$-18.8M
Q3 24
$-25.5M
Q2 24
$-20.9M
Q1 24
$-2.7M
$-24.1M
Operating Margin
THCH
THCH
TSHA
TSHA
Q4 25
-516.0%
Q3 25
Q2 25
-1347.1%
Q1 25
-930.5%
Q4 24
-985.8%
Q3 24
-1448.4%
Q2 24
-1915.4%
Q1 24
-37.3%
-713.3%
Net Margin
THCH
THCH
TSHA
TSHA
Q4 25
-507.8%
Q3 25
Q2 25
-1353.6%
Q1 25
-935.2%
Q4 24
-929.0%
Q3 24
-1427.5%
Q2 24
-1882.0%
Q1 24
-41.2%
-705.4%
EPS (diluted)
THCH
THCH
TSHA
TSHA
Q4 25
$-0.08
Q3 25
$-0.09
Q2 25
$-0.09
Q1 25
$-0.08
Q4 24
$-0.07
Q3 24
$-0.10
Q2 24
$-0.09
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
THCH
THCH
TSHA
TSHA
Cash + ST InvestmentsLiquidity on hand
$319.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$246.9M
Total Assets
$343.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
THCH
THCH
TSHA
TSHA
Q4 25
$319.8M
Q3 25
$297.3M
Q2 25
$312.8M
Q1 25
$116.6M
Q4 24
$139.0M
Q3 24
$157.7M
Q2 24
$172.7M
Q1 24
$124.0M
Stockholders' Equity
THCH
THCH
TSHA
TSHA
Q4 25
$246.9M
Q3 25
$219.0M
Q2 25
$248.7M
Q1 25
$55.1M
Q4 24
$71.5M
Q3 24
$88.8M
Q2 24
$108.9M
Q1 24
$53.8M
Total Assets
THCH
THCH
TSHA
TSHA
Q4 25
$343.3M
Q3 25
$316.6M
Q2 25
$333.3M
Q1 25
$138.4M
Q4 24
$160.4M
Q3 24
$180.2M
Q2 24
$200.4M
Q1 24
$153.0M

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
TSHA
TSHA
Operating Cash FlowLast quarter
$-511
$-26.7M
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
THCH
THCH
TSHA
TSHA
Q4 25
$-26.7M
Q3 25
$-24.2M
Q2 25
$-20.2M
Q1 25
$-22.0M
Q4 24
$-18.3M
Q3 24
$-21.6M
Q2 24
$-21.5M
Q1 24
$-511
$-19.8M
Free Cash Flow
THCH
THCH
TSHA
TSHA
Q4 25
Q3 25
$-24.3M
Q2 25
Q1 25
Q4 24
$-18.3M
Q3 24
$-21.6M
Q2 24
$-21.7M
Q1 24
$-19.9M
FCF Margin
THCH
THCH
TSHA
TSHA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-905.5%
Q3 24
-1210.9%
Q2 24
-1951.9%
Q1 24
-584.5%
Capex Intensity
THCH
THCH
TSHA
TSHA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.1%
Q3 24
2.0%
Q2 24
18.1%
Q1 24
4.1%

Financial Flow Comparison

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

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