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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
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 | - | - |
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 |
| 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 |
| Operating Income | - | 2,167 | 2,303 | 2,403 | 2,530 |
| EBITDA | - | 2,335 | 2,484 | 2,564 | 2,784 |
| EBIT | - | 2,189 | 2,331 | 2,389 | 2,578 |
| Pretax Income | - | 1,662 | 1,818 | 1,900 | 2,077 |
| Tax Provision | - | 337 | 221 | 414 | 518 |
| Net Income | - | 1,325 | 1,597 | 1,486 | 1,559 |
| Net Income Common Stockholders | - | 1,325 | 1,597 | 1,486 | 1,559 |
| Total Expenses | - | 4,675 | 4,773 | 5,146 | 5,684 |
| Interest Expense | - | 527 | 513 | 489 | 501 |
| Selling General And Administration | - | 1,140 | 1,193 | 1,181 | 1,262 |
| Normalized EBITDA | - | 2,296 | 2,465 | 2,570 | 2,746 |
| Normalized Income | - | 1,293.92 | 1,580.30 | 1,490.69 | 1,530.48 |
| Market Cap | 44,306.22 | 44,306.22 | 44,306.22 | 44,306.22 | 44,306.22 |
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 | $44.7B | 28.42β premium | -6.05 | -21.3% | 20.40 |
| Carvana Co. | CVNA | $56.3B | 41.57 | 17.00 | 40.9% | -560.82 |
| D.R. Horton, Inc. | DHI | $49.3B | 12.65 | 1.87 | 14.8% | 10.69 |
| Chipotle Mexican Grill, Inc. | CMG | $45.7B | 29.01 | 15.74 | 54.3% | 20.76 |
| eBay Inc. | EBAY | $44.9B | 21.60 |
| - |
| - |
| - |
| - |
| - |
| 9.51 |
| 44.0% |
| 16.62 |
| Las Vegas Sands Corp. | LVS | $36.6B | 21.54 | 22.04 | 102.3% | 10.44 |
| Carnival Corporation & plc | CCL | $35.7B | 13.64 | 3.06 | 22.5% | 9.22 |
| Tapestry, Inc. | TPR | $31.8B | 162.97 | 34.81 | 21.4% | 62.04 |
| Expedia Group, Inc. | EXPE | $31.5B | 23.81 | 24.00 | 100.8% | 11.46 |
| Peer Median | - | 22.71 | 16.37 | 42.4% | 11.07 | |