The objective of this study was to determine chemical compositions affecting the physical and thermal properties of the textured vegetable protein (TVP). The 14 commercial TVPs were pulverized, followed by analyzing their morphology, chemical composition, water absorption index (WAI) and water solubility index (WSI) (for the pulverized and original TVPs), solubility, swelling power, melting property, and hardness. All TVPs showed the rough surface with irregular cracks and pores and the porous structure with varied pore sizes. WAI was positively correlated to moisture and crude protein contents and negatively correlated to the total carbohydrate content. WSI and solubility were directly and reversely influenced by the crude ash and total carbohydrate contents and the crude protein and total starch contents, respectively. The swelling power and melting temperature of TVPs did not significantly affect chemical compositions. Melting enthalpies increased with crude ash content, while decreased with the total starch content. The hardness of the rehydrated TVPs was enhanced with their crude ash and total carbohydrate contents, whereas reduced with their crude protein and total starch contents. Overall, the yield and texture of the rehydrated TVP could be modulated with the crude protein and ash contents of TVP.