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Yum! Brands, Inc.

YUM Consumer Cyclical Restaurants

Yum! Brands, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, up 8.81% from fiscal 2024.

Revenue
+3.79%
EPS
+320.2%
Free cash flow
−13.6%
Total debt
+0.40%

Quarter to September 2026, against a year earlier

165.68 0.63 −0.38%
Market cap
$45.3B
P/E
13.2×
Fwd P/E
16.7×
Dividend yield
1.79%
F-score
5/9
Altman Z
2.55
Beneish M
−2.57
Dividend safety
66/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2025

  • Franchise and property revenues
  • Company Sales
  • Franchise contributions for advertising and other services

Every year since 2012 →

Insider Decisions last twelve months

Sold, $m 11.09
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 5 2 2 5 2 3 4 2 2 4
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 45,330.00
Revenue ttm 8,797.00
Net income ttm 3,443.00
Free cash flow ttm 1,618.00
Net debt Q 9,492.00
Valuation
P/E 13.20
Forward P/E 16.70
Price / sales 5.12
Forward P/S Powerpack
Price / FCF 27.85
Price / book 0.00
Financial health
Current ratio Q 0.96 (below 1: weak)
Debt / equity Q (1.88) (negative: negative equity)
Interest coverage Q 19.32
Growth
Revenue growth Q +3.79% (above 0%: growing)
Operating income growth Q +248.05% (above 0%: growing)
EPS, this year +6.21%
EPS, next year A +5.81%
Revenue, next year A +5.61%
EPS, past 5 yrs +13.55%
EPS, next 5 yrs A +8.82%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 6.2×, against a ten-year median of 6.7×; over the ten years it ranged from 2.3× in 2016 to 8.3× in 2019.
P/E against its own 10 years 0.95%
10-year low 10-year high
P/S against its own 10 years 47.30%
10-year low 10-year high
EV/Sales against its own 10 years 26.00%
10-year low 10-year high
EV/FCF against its own 10 years 21.78%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.79%
Annual rate
2.96
Payout ratio
23.8%
Growth, 2017–25
+11.4%/yr
  1. 1.20 ’17
  2. 1.44 ’18 +20
  3. 1.68 ’19 +17
  4. 1.88 ’20 +12
  5. 2.00 ’21 +6
  6. 2.28 ’22 +14
  7. 2.42 ’23 +6
  8. 2.68 ’24 +11
  9. 2.84 ’25 +6
  10. 3.00 ’26e +6
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 512 616 709 2,108
Receivables 737 775 841 639
Inventory — — — —
Other — — — —
1,609 1,871 2,040 3,305
2023 2024 2025 Q'26
Payables 1,169 1,211 1,433 1,271
ST’ Debt 53 27 38 2,141
Other — — — —
1,277 1,269 1,516 3,431

Compound Annual Growth %

10y 5y 3y
Sales 2.50% 7.76% 6.28%
Cash Flow 4.78% 9.02% 12.10%
Earnings 1.97% 11.52% 5.57%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.59 Actual 1.62

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 1.47 1.58 Beat by 0.11
Q4 FY25 1.78 1.73 Miss by 0.05
Q1 FY26 1.39 1.50 Beat by 0.11
Q2 FY26 1.59 1.62 Beat by 0.03
Q3 FY26 1.47 — Reports 3 November 2026

EPS $

Mar Jun Sep Dec Year
’26 1.55 3.08 5.92 — —
’25 0.90 1.33 1.41 1.91 5.55
’24 1.10 1.28 1.35 1.49 5.22
’23 1.05 1.46 1.46 1.62 5.59
’22 1.36 0.77 1.14 1.29 4.57
’21 1.07 1.29 1.75 1.11 5.21
’20 0.27 0.67 0.92 1.08 2.94
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,059 2,169 2,054 — —
’25 1,787 1,933 1,979 2,515 8,214
’24 1,598 1,763 1,826 2,362 7,549
’23 1,645 1,687 1,708 2,036 7,076
’22 1,547 1,636 1,640 2,019 6,842
’21 1,486 1,602 1,606 1,890 6,584
’20 1,263 1,198 1,448 1,743 5,652
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 416 507 475 — —
’25 404 446 543 617 2,010
’24 363 342 471 513 1,689
’23 349 329 477 448 1,603
’22 253 269 453 452 1,427
’21 324 449 519 414 1,706
’20 238 124 491 452 1,305
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 341 407 388 — —
’25 333 375 449 482 1,639
’24 314 292 419 407 1,432
’23 287 269 420 342 1,318
’22 211 214 392 331 1,148
’21 279 410 465 322 1,476
’20 203 92 459 391 1,145
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 13.4% a year for ten years. It grew 7.6% a year over the last ten.

Implied
13.4%
10 years, reported
7.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 6,356 5,878 5,688 5,597 5,652 6,584 6,842 7,076 7,549 8,214 8,797 +2.9% 8,675 8,642 9,269 +4.1%
Gross margin, % 45.11 49.74 71.27 77.93 73.35 73.80 74.50 74.93 71.92 69.77 67.35 +24.7 pt
EBT 1,345 2,274 1,839 1,373 1,020 1,674 1,662 1,818 1,900 2,077 3,852 +4.9%
EBT margin, % 21.16 38.69 32.33 24.53 18.05 25.43 24.29 25.69 25.17 25.29 43.79 +4.1 pt
Net income 1,643 1,340 1,542 1,294 904 1,575 1,325 1,597 1,486 1,559 3,443 (0.6%)
Per share, $
Per share, $ Revenue 16.13 16.94 17.66 18.29 18.72 22.17 23.92 25.18 26.77 29.44 32.34 +6.9%
Earnings 4.11 3.86 4.80 4.23 2.99 5.30 4.63 5.68 5.28 5.59 12.55 +3.5%
Cash flow 3.17 2.97 3.65 4.30 4.32 5.74 4.99 5.70 5.99 7.20 7.41 +9.6%
Capex (1.08) (0.92) (0.73) (0.64) (0.53) (0.77) (0.98) (1.01) (0.91) (1.33) (1.46) +2.3%
Free cash flow 2.08 2.05 2.93 3.66 3.79 4.97 4.01 4.69 5.08 5.87 5.95 +12.2%
Book value (14.25) (18.25) (24.61) (26.20) (26.13) (28.19) (31.03) (27.96) (27.12) (26.25) (22.67) +7.0%
Shares, m 394 347 322 306 302 297 286 281 282 279 276 (3.8%)
Valuation, ×
Valuation, × P/E 15.53 21.09 19.19 23.81 36.19 26.15 27.42 22.68 25.41 27.06 13.20 24.5
P/S 3.58 4.82 5.20 5.51 5.80 6.26 5.31 5.12 5.01 5.14 5.12 5.2
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
EV/Sales 4.88 6.23 6.92 7.29 7.57 7.90 6.99 6.63 6.43 6.50 6.20 6.7
EV/FCF 38.56 51.40 41.80 36.44 37.36 35.23 41.63 35.61 33.90 32.59 33.72 38.5
Cash, $m
Cash, $m Operating cash flow 1,248 1,030 1,176 1,315 1,305 1,706 1,427 1,603 1,689 2,010 2,015 +5.4%
Capex (427) (318) (234) (196) (160) (230) (279) (285) (257) (371) (397) (1.5%)
Free cash flow 821 712 942 1,119 1,145 1,476 1,148 1,318 1,432 1,639 1,618 +8.0%
Balance, $m
Balance, $m Working capital 199 995 (94) (14) 14 117 (56) 332 602 524 (126) +11.4%
Net debt 8,400 8,282 9,780 9,957 9,995 10,760 11,484 10,683 10,717 11,201 9,492 +3.2%
Shareholders’ equity (5,615) (6,334) (7,926) (8,016) (7,891) (8,373) (8,876) (7,858) (7,648) (7,325) (6,165) +3.0%
Returns, %
Returns, % ROA 24.32 24.90 32.67 27.65 16.31 26.65 22.43 26.45 22.94 20.89 43.14 (3.4) pt
ROIC 37.75 88.58 77.40 62.15 44.65 56.01 52.41 51.28 48.94 41.54 81.85 +3.8 pt
ROE (70.73) (22.43) (21.63) (16.23) (11.37) (19.37) (15.36) (19.09) (19.17) (20.82) (50.37) +49.9 pt
People
People Employees 90,000 60,000 34,000 34,000 15,000 36,000 36,000 35,000 40,000 49,000 — (6.5%)
Revenue/emp, $m 0.07 0.10 0.17 0.16 0.38 0.18 0.19 0.20 0.19 0.17 — +10.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Yum! Brands is a restaurant franchisor and operator founded in 1997 and headquartered in Louisville. Chris Turner is chief executive officer. The company develops, operates and franchises quick-service restaurant systems under KFC, Taco Bell, Pizza Hut and Habit Burger & Grill.

KFC sells fried and non-fried chicken products, including sandwiches, strips and chicken-on-the-bone. Taco Bell sells Mexican-style food such as tacos, burritos, quesadillas, salads and nachos. Pizza Hut sells ready-to-eat pizza through delivery, carryout and casual-dining formats. Habit Burger & Grill sells made-to-order chargrilled burgers and sandwiches.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by products and services, and margins
Franchise and property revenues 3,473 42.28%
Company Sales 2,945 35.85%
Franchise contributions for advertising and other services 1,796 21.87%
Gross margin 69.77%
Operating margin 31.36%
Pre-tax margin 25.29%

Revenue by segment since 2012

Yum! Brands, Inc. vs peers in Restaurants (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MCD McDonald's Corporation $196.8B 22.6× 20.2× +1.12% (above 0%: growing) +5.73% (above 0%: growing) +57.94% (above 0%: growing) 58.89% 50.23% Compare
SBUX Starbucks Corporation $121.0B 61.1× 44.7× −4.47% (below 0%: shrinking) +85.71% (above 0%: growing) +8.93% (above 0%: growing) 68.01% 10.85% Compare
YUM Yum! Brands, Inc. $45.3B 13.2× 16.7× +3.79% (above 0%: growing) +320.20% (above 0%: growing) −13.59% (below 0%: shrinking) 66.94% 112.85%
CMG Chipotle Mexican Grill, Inc. $44.8B 33.1× 29.8× +9.65% (above 0%: growing) −7.38% (below 0%: shrinking) −14.54% (below 0%: shrinking) 23.33% 13.72% Compare
QSR Restaurant Brands International Inc. $35.5B 16.3× 14.7× +3.10% (above 0%: growing) +110.13% (above 0%: growing) −8.26% (below 0%: shrinking) 49.39% 27.80% Compare
DRI Darden Restaurants, Inc. $25.9B 22.1× 19.6× +5.11% (above 0%: growing) −7.24% (below 0%: shrinking) −41.21% (below 0%: shrinking) 20.50% 9.98% Compare
YUMC Yum China $17.0B 17.2× 15.5× +8.45% (above 0%: growing) +19.74% (above 0%: growing) +2.28% (above 0%: growing) 0.00% 12.97% Compare
TXRH Texas Roadhouse, Inc. $12.6B 30.7× 28.0× +11.11% (above 0%: growing) −0.53% (below 0%: shrinking) +120.59% (above 0%: growing) 16.80% 8.50% Compare
DPZ Domino's Pizza Inc $11.2B 18.8× 16.4× +3.36% (above 0%: growing) +12.75% (above 0%: growing) −3.26% (below 0%: shrinking) 40.18% 20.39% Compare
Median of peers $30.7B 22.3× 19.9× +4.24% +9.24% −0.49% 31.76% 13.35%

All 55 Restaurants stocks →

From the latest earnings call

Updated

  • Chris Turner said Taco Bell’s near-term sales impact from the U.S. food-safety issue was expected to be temporary as sales trends improved.
  • Ranjith Roy said Yum expected to direct part of Pizza Hut sale proceeds to repay its revolver and most of the remainder to share purchases.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 89.14%
Held by the ten largest 54.97%
Holder Shares Stake Change
Vanguard 34.96m 12.81% +90.07k
BlackRock 26.19m 9.60% −245.74k
JPMorgan Chase 20.02m 7.34% +646.74k
Capital Group 19.54m 7.16% −10.85k
State Street 13.19m 4.83% +200.85k
T. Rowe Price 13.17m 4.83% +1.28m
Geode Capital Management 8.37m 3.07% +43.38k
Norges Bank 5.02m 1.84% +5.02m
Invesco 4.85m 1.78% +809.80k
UBS 4.71m 1.73% +43.45k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 3 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2024 24.71m 10.76m 133.00
2023 21.24m 19.36m 127.00
2022 16.67m 16.10m 122.00
2021 27.58m 45.01m 130.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Yum! Brands, Inc. (YUM) Latest News

4 Nov

Impact 3 · · franchisetimes.com
Impact 3 · · MarketBeat transcript

3 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript
Impact 3 · · Investing.com
Impact 3 · · Zacks
Impact 3 · · Business Wire

29 Oct

Impact 3 · · Zacks

28 Oct

Impact 4 · · Zacks
Impact 3 ·
Impact 3 · · Zacks

27 Oct

Impact 3 · · ACCESS Newswire
Impact 3 · · Zacks

26 Oct

Impact 3 · · StockStory

23 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · MT Newswires
Impact 3 · · MT Newswires
Impact 3 · · just-drinks.com

22 Oct

Impact 4 · · MT Newswires
Impact 3 · · InvestorsHub
Impact 3 · · Stocktwits
Impact 3 · · Simply Wall St.
Impact 3 · · Investing.com

21 Oct

Impact 3 · · ACCESS Newswire

20 Oct

Impact 4 · · Moneywise
Impact 3 · · Business Wire
Impact 3 · · Trefis
Impact 3 · · Trefis
Impact 3 · · ACCESS Newswire

19 Oct

Impact 4 · · TheStreet

YUM metrics, ten years each

stockrow.com/YUM · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com