Yum! Brands, Inc.

YUM

Consumer CyclicalLarge CapUS Equities · NYSE / NASDAQ

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Company Profile

Yum! Brands, Inc., together with its subsidiaries, develops, operates, and franchises traditional and non-traditional quick service restaurants in the United States, China, and internationally. The company operates in four segments: KFC Division, Taco Bell Division, Pizza Hut Division, and Habit Burger & Grill Division. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and Habit Burger & Grill brands, which specialize in chicken, Mexican-style food and pizza categories, made-to-order chargrilled burgers, sandwiches, and other products. The company was formerly known as TRICON Global Restaurants, Inc. and changed its name to Yum! Brands, Inc. in May 2002. Yum! Brands, Inc. was incorporated in 1997 and is headquartered in Louisville, Kentucky.

Valuation

Market Cap$40.8B

Current Price$152.47as of Jun 23, 2026

P/E Ratio26.18

P/B Ratio-5.57

EV / EBITDA19.14

EV / Sales6.49

Profitability

Operating Margin30.8%

Net Profit Margin19.0%

EBITDA Margin33.9%

Returns

ROE-21.3%

ROCE37.9%

ROIC %-

ROA19.0%

Solvency

Current Ratio1.35

Debt / Equity-1.80

Debt / Assets1.61

CFO / Net Profit1.29

Price History▲ 7.84% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$8.2B▲ 8.8%

EBITDA$2.8B▲ 8.6%

Net Profit$1.6B▲ 4.9%

Cash from Ops (CFO)$2.0B▲ 19.0%

Free Cash Flow (FCF)$1.6B▲ 14.5%

Revenue CAGR 3Y6.3%

Revenue CAGR 5Y-

Net Profit CAGR 3Y5.6%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$8.2B	$2.8B	$1.6B	$1.6B	-21.3%	8.8%	4.9%
2024	$7.5B	$2.6B	$1.5B	$1.4B	-19.4%	6.7%	-7.0%
2023	$7.1B	$2.5B	$1.6B	$1.3B	-20.3%	3.4%	20.5%
2022	$6.8B	$2.3B	$1.3B	$1.1B	-14.9%	-	-
2021	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	6,842	7,076	7,549	8,214
Operating Revenue	-	6,842	7,076	7,549	8,214
Cost Of Revenue	-	3,535	3,580	3,965	4,422
Gross Profit	-	3,307	3,496	3,584	3,792
Operating Expense	-	1,140	1,193	1,181	1,262
Selling General And Administration	-	1,140	1,193	1,181	1,262
Total Expenses	-	4,675	4,773	5,146	5,684
Operating Income	-	2,167	2,303	2,403	2,530
Total Operating Income As Reported	-	2,187	2,318	2,403	2,574
EBITDA	-	2,335	2,484	2,564	2,784
Normalized EBITDA	-	2,296	2,465	2,570	2,746
EBIT	-	2,189	2,331	2,389	2,578
Interest Expense	-	527	513	489	501
Net Interest Income	-	-527	-513	-489	-501
Other Non Operating Income Expenses	-	-17	9	-8	11
Other Income Expense	-	22	28	-14	49
Interest Expense Non Operating	-	527	513	489	501
Net Non Operating Interest Income Expense	-	-527	-513	-489	-501
Pretax Income	-	1,662	1,818	1,900	2,077
Tax Provision	-	337	221	414	518
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	7.92	2.30	-1.31	9.48
Net Income Continuous Operations	-	1,325	1,597	1,486	1,559
Net Income From Continuing And Discontinued Operation	-	1,325	1,597	1,486	1,559
Net Income From Continuing Operation Net Minority Interest	-	1,325	1,597	1,486	1,559
Net Income	-	1,325	1,597	1,486	1,559
Net Income Common Stockholders	-	1,325	1,597	1,486	1,559
Net Income Including Noncontrolling Interests	-	1,325	1,597	1,486	1,559
Normalized Income	-	1,293.92	1,580.30	1,490.69	1,530.48
Diluted NI Availto Com Stockholders	-	1,325	1,597	1,486	1,559
Basic Average Shares	-	286	281	282	279
Diluted Average Shares	-	290	285	285	281
Reconciled Depreciation	-	146	153	175	206
Reconciled Cost Of Revenue	-	3,535	3,580	3,965	4,422
Total Unusual Items	-	39	19	-6	38
Total Unusual Items Excluding Goodwill	-	39	19	-6	38
Special Income Charges	-	19	17	21	32
Other Special Charges	-35	-27	-	-	-
Write Off	-	8	12	13	16
Impairment Of Capital Assets	16	-	-	-	-
Restructuring And Mergern Acquisition	-	-27	-29	-34	-48
Gain On Sale Of Security	-	20	2	-27	6
General And Administrative Expense	-	1,140	1,193	1,181	1,262
Other Gand A	-	1,140	1,193	1,181	1,262
Salaries And Wages	7	9	-6	-	-

Peer Comparison

Consumer Cyclical sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Yum! Brands, Inc.this co.	YUM	$40.8B	26.18↑ premium	-5.57	-21.3%	19.14
AutoZone, Inc.	AZO	$50.4B	20.19	-14.78	-73.2%	14.75
eBay Inc.	EBAY	$48.5B	23.86	10.50	44.0%	17.81
D.R. Horton, Inc.	DHI	$41.5B	11.58	1.72	14.8%	9.85
Carnival Corporation & plc	CCL	$38.6B	13.98

Learn while you research

Hand-picked academy chapters to deepen your understanding of Yum! Brands, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Cyclical vs Defensive Stocks

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$8.2B

$2.8B

$1.6B

-21.3%

8.8%

4.9%

2024

$7.5B

$2.6B

$1.5B

$1.4B

-19.4%

6.7%

-7.0%

2023

$7.1B

$2.5B

$1.6B

$1.3B

-20.3%

3.4%

20.5%

2022

$6.8B

$2.3B

$1.3B

$1.1B

-14.9%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

6,842

7,076

7,549

8,214

Operating Revenue

6,842

7,076

7,549

8,214

Cost Of Revenue

3,535

3,580

3,965

4,422

Gross Profit

3,307

3,496

3,584

3,792

Operating Expense

1,140

1,193

1,181

1,262

Selling General And Administration

1,140

1,193

1,181

1,262

Total Expenses

4,675

4,773

5,146

5,684

Operating Income

2,167

2,303

2,403

2,530

Total Operating Income As Reported

2,187

2,318

2,403

2,574

EBITDA

2,335

2,484

2,564

2,784

Normalized EBITDA

2,296

2,465

2,570

2,746

EBIT

2,189

2,331

2,389

2,578

Interest Expense

527

513

489

501

Net Interest Income

-527

-513

-489

-501

Other Non Operating Income Expenses

-17

-8

Other Income Expense

-14

Interest Expense Non Operating

527

513

489

501

Net Non Operating Interest Income Expense

-527

-513

-489

-501

Pretax Income

1,662

1,818

1,900

2,077

Tax Provision

337

221

414

518

Tax Rate For Calcs

Tax Effect Of Unusual Items

7.92

2.30

-1.31

9.48

Net Income Continuous Operations

1,325

1,597

1,486

1,559

Net Income From Continuing And Discontinued Operation

1,325

1,597

1,486

1,559

Net Income From Continuing Operation Net Minority Interest

1,325

1,597

1,486

1,559

Net Income

1,325

1,597

1,486

1,559

Net Income Common Stockholders

1,325

1,597

1,486

1,559

Net Income Including Noncontrolling Interests

1,325

1,597

1,486

1,559

Normalized Income

1,293.92

1,580.30

1,490.69

1,530.48

Diluted NI Availto Com Stockholders

1,325

1,597

1,486

1,559

Basic Average Shares

286

281

282

279

Diluted Average Shares

290

285

281

Reconciled Depreciation

146

153

175

206

Reconciled Cost Of Revenue

3,535

3,580

3,965

4,422

Total Unusual Items

-6

Total Unusual Items Excluding Goodwill

-6

Special Income Charges

Other Special Charges

-35

-27

Write Off

Impairment Of Capital Assets

Restructuring And Mergern Acquisition

-27

-29

-34

-48

Gain On Sale Of Security

-27

General And Administrative Expense

1,140

1,193

1,181

1,262

Other Gand A

1,140

1,193

1,181

1,262

Salaries And Wages

-6

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Yum! Brands, Inc.this co.

YUM

$40.8B

26.18↑ premium

-5.57

-21.3%

19.14

AutoZone, Inc.

AZO

$50.4B

20.19

-14.78

-73.2%

14.75

eBay Inc.

EBAY

$48.5B

23.86

10.50

44.0%

17.81

D.R. Horton, Inc.

DHI

$41.5B

11.58

1.72

14.8%

9.85

Carnival Corporation & plc

CCL

$38.6B

13.98

Yum! Brands, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Yum! Brands, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on