FirmAtlas

Company handbook · YUM · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16

YUM · CIK 1041061 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026

YUM! BRANDS, INC.

$150.51 −0.32 (−0.21%)

Close, Oct 16, 2026 · 52-week $134–170

↗ yum.com

Last fiscal year

YUM! BRANDS, INC. reported revenue of $8.2B for the year ended Dec 31, 2025 (FY25), up 8.8% from FY24. Net income was $1.6B, operating cash flow $2.0B and free cash flow $1.6B. Source: 10-K filed Feb 20, 2026.

Market cap

$42.3B

P/E

19.1

EV/EBITDA

19.2x

P/B

n/m

Div yield

1.97%

ROIC

60.5%

Revenue 1Y

8.8%/yr

EPS 1Y

6.3%/yr

Shares 1Y

−1%

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Daily closes, split-adjusted · ratios at each fiscal year end

Company

CEOChris Turner

HQLouisville, KY

AuditorKPMG, LLP

Employees49,000

Year endsDecember

Compounded growth & averages

10Y

TTM

Share price

5.4%

3.7%

8.3%

5.0%

Upgrade to see 10 years

Share price: yearly compound rate of the traded close; the last column is the past year.

Where the cash went · FY24–FY25

$3.3B deployed

Capex $628M 18.8%

Acquisitions $180M 5.4%

Dividends $1.5B 46.1%

Buybacks $993M 29.7%

Operating cash flow over the period: $3.7B. Total debt changed by +$566M.

Sources 10-K FY25 10-Q Jun '26 All filings on EDGAR

Latest filings

Sep 1, 2026 Executive or director change 8-K Aug 21, 2026 Executive or director change 8-K Aug 7, 2026 Acquisition or disposal 8-K Jul 30, 2026 Quarterly results 8-K Jun 16, 2026 Material agreement 8-K

Growth engines

How much of the profit growth came from new investment, and how much from running the business better.

Upgrade to see 10 years

Financials

Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year

Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier

TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.

Income

FY24 FY25

TTM

Revenue

7,549

8,214+8.8%

8,722

YoY

+8.8%

Gross profit

5,429

5,731+5.6%

5,942

Gross margin

71.9%

69.8%−2.1 pp

—

Operating income

2,403

2,574+7.1%

2,703

Operating margin

31.8%

31.3%−0.5 pp

—

EBITDA

2,578

2,780+7.8%

—

EBITDA margin

34.2%

33.8%−0.3 pp

—

Interest expense

542

544+0.4%

—

Interest coverage

4.76x

5.11x+0.35x

—

Net income

1,486

1,559+4.9%

2,217

YoY

+4.9%

Net margin

19.7%

19.0%−0.7 pp

—

EPS (diluted, $)

5.22

5.55+6.3%

7.94

YoY

+6.3%

Balance sheet

FY24 FY25

TTM

Total assets

6,727

8,197+21.9%

8,682

Cash & short-term investments

898

923+2.8%

—

Net PP&E

1,304

1,605+23.1%

—

Other assets

4,525

5,669+25.3%

—

Total liabilities

14,375

15,522+8.0%

15,789

Accounts payable

1,211

1,433+18.3%

—

Total debt

11,306

11,872+5.0%

9,462

Other liabilities

1,858

2,217+19.3%

—

Shareholders’ equity

(7,648)

(7,325)n/m

(7,107)

Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.

Cash flow statement · as filed

FY24 FY25

TTM

Cash from operations

1,689

2,010+19.0%

2,083

Net income

1,486

1,559+4.9%

—

Depreciation & amortization

175

206+17.7%

—

Stock-based compensation

70+1.4%

—

Working capital & other

(41)

175n/m

—

Cash from investing

(422)

(1,003)n/m

—

Capex

(257)

(371)n/m

—

Acquisitions

(174)

(6)n/m

—

Investments bought

(91)

(91)n/m

—

Other investing

100

(535)−635.0%

—

Cash from financing

(1,163)

(924)n/m

—

Debt raised

237

1,493+530.0%

—

Debt repaid

(479)

(966)n/m

—

Dividends

(752)

(789)n/m

—

Buybacks

(441)

(552)n/m

—

Shares issued

2−77.8%

—

Other financing

263

(112)−142.6%

—

Net change in cash

116+39.8%

—

Free cash flow (OCF − capex)

1,432

1,639+14.5%

1,679

Where the cash went

FY24 FY25

TTM

Operating cash flow

1,689

2,010+19.0%

2,083

Reinvested in the business

431

377−12.5%

—

% of operating cash flow

25.5%

18.8%

Capex

257

371+44.4%

404

Acquisitions

174

6−96.6%

—

Free cash flow

1,432

1,639+14.5%

1,679

YoY

+14.5%

Returned to shareholders

1,193

1,341+12.4%

—

% of free cash flow

83.3%

81.8%

Dividends

752

789+4.9%

—

Buybacks

441

552+25.2%

—

Change in total debt

—

566

—

Cash left over

—

858

—

FCF conversion (FCF ÷ net income)

96.4%

105.1%+8.8 pp

—

Owner earnings

—

1,616

—

Owner earnings margin

—

19.7%

—

Buyback yield

1.2%

1.3%+0.1 pp

—

Returns & ratios

FY24 FY25

TTM

ROIC (all capital)

68.1%

60.5%−7.6 pp

—

ROIC (operating)

2020.9%

1458.2%−562.7 pp

—

Net debt / EBITDA

4.04x

3.94x−0.10x

—

ROE

−19.4%

−21.3%−1.9 pp

—

ROA

22.1%

19.0%−3.1 pp

—

ROCE

44.0%

38.5%−5.5 pp

—

NOPAT

1,879

1,932+2.8%

—

Invested capital (operating)

172+84.9%

—

Invested capital (all)

2,760

3,624+31.3%

—

Reinvestment rate

—

4.1%

—

Days payable

208

211+2 d

—

Net debt is 3.9x EBITDA (FY25).

Income

Sep '25

Dec '25

Mar '26

Jun '26

Revenue

1,979

2,515

2,059

2,169

vs year-ago quarter

Gross profit

1,392

1,699

1,382

1,469

Gross margin

70.3%

67.6%

67.1%

67.7%

Operating income

666

738

644

655

Net income

397

535

432

853

vs year-ago quarter

Net margin

20.1%

21.3%

21.0%

39.3%

EPS (diluted, $)

1.41

1.90

1.55

3.08

vs year-ago quarter

Balance sheet

Sep '25

Dec '25

Mar '26

Jun '26

Total assets

7,193

8,197

8,211

8,682

Cash & equivalents

1,200

923

889

884

Total debt

11,506

11,872

10,213

9,462

Shareholders’ equity

(7,505)

(7,325)

(7,283)

(7,107)

Cash flow

Sep '25

Dec '25

Mar '26

Jun '26

Operating cash flow

543

617

416

507

Capex

135

100

Free cash flow

449

482

341

407

vs year-ago quarter