Stocks · Consumer discretionary · Retail-Eating Places

Yum! Brands

YUM Clue Score46
United States Fiscal year ends December CIK 0001041061
$144.82 +1.27% Close, 9 Oct 2026
Price $144.82 +18.70% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue6.36Operating income1.68Net income1.64EPS, diluted4.10Fiscal year 2017Revenue5.88 −7.5%Operating income2.76Net income1.34 −18.4%EPS, diluted3.77 −8.0%Fiscal year 2018Revenue5.69 −3.2%Operating income2.30Net income1.54 +15.1%EPS, diluted4.69 +24.4%Fiscal year 2019Revenue5.60 −1.6%Operating income1.93Net income1.29 −16.1%EPS, diluted4.14 −11.7%Fiscal year 2020Revenue5.65 +1.0%Operating income1.50Net income0.90 −30.1%EPS, diluted2.94 −29.0%Fiscal year 2021Revenue6.58 +16.5%Operating income2.14Net income1.58 +74.2%EPS, diluted5.21 +77.2%Fiscal year 2022Revenue6.84 +3.9%Operating income2.19Net income1.33 −15.9%EPS, diluted4.57 −12.3%Fiscal year 2023Revenue7.08 +3.4%Operating income2.32Net income1.60 +20.5%EPS, diluted5.59 +22.3%Fiscal year 2024Revenue7.55 +6.7%Operating income2.40Net income1.49 −7.0%EPS, diluted5.22 −6.6%Fiscal year 2025Revenue8.21 +8.8%Operating income2.57Net income1.56 +4.9%EPS, diluted5.55 +6.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6.36 5.88 5.69 5.60 5.65 6.58 6.84 7.08 7.55 8.21
Growth −7.5% −3.2% −1.6% +1.0% +16.5% +3.9% +3.4% +6.7% +8.8%
Operating income 1.68 2.76 2.30 1.93 1.50 2.14 2.19 2.32 2.40 2.57
Net income 1.64 1.34 1.54 1.29 0.90 1.58 1.33 1.60 1.49 1.56
Growth −18.4% +15.1% −16.1% −30.1% +74.2% −15.9% +20.5% −7.0% +4.9%
EPS, diluted 4.10 3.77 4.69 4.14 2.94 5.21 4.57 5.59 5.22 5.55
Growth −8.0% +24.4% −11.7% −29.0% +77.2% −12.3% +22.3% −6.6% +6.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin26.5%Net margin25.8%Fiscal year 2017Operating margin47.0%Net margin22.8%Free cash flow margin12.1%Fiscal year 2018Operating margin40.4%Net margin27.1%Free cash flow margin16.6%Fiscal year 2019Operating margin34.5%Net margin23.1%Free cash flow margin20.0%Fiscal year 2020Operating margin26.6%Net margin16.0%Free cash flow margin20.3%Fiscal year 2021Operating margin32.5%Net margin23.9%Free cash flow margin22.4%Fiscal year 2022Operating margin32.0%Net margin19.4%Free cash flow margin16.8%Fiscal year 2023Operating margin32.8%Net margin22.6%Free cash flow margin18.6%Fiscal year 2024Operating margin31.8%Net margin19.7%Free cash flow margin19.0%Fiscal year 2025Operating margin31.3%Net margin19.0%Free cash flow margin20.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 26.5% 47.0% 40.4% 34.5% 26.6% 32.5% 32.0% 32.8% 31.8% 31.3%
Net margin 25.8% 22.8% 27.1% 23.1% 16.0% 23.9% 19.4% 22.6% 19.7% 19.0%
Free cash flow margin n/a 12.1% 16.6% 20.0% 20.3% 22.4% 16.8% 18.6% 19.0% 20.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Fiscal year 2017Operating cash flow1.03Capital expenditure−0.32Free cash flow0.71Buybacks−1.96Dividends paid−0.42Fiscal year 2018Operating cash flow1.18Capital expenditure−0.23Free cash flow0.94 +32.3%Buybacks−2.39Dividends paid−0.46Fiscal year 2019Operating cash flow1.32Capital expenditure−0.20Free cash flow1.12 +18.8%Buybacks−0.82Dividends paid−0.51Fiscal year 2020Operating cash flow1.31Capital expenditure−0.16Free cash flow1.15 +2.3%Buybacks−0.24Dividends paid−0.57Fiscal year 2021Operating cash flow1.71Capital expenditure−0.23Free cash flow1.48 +28.9%Buybacks−1.59Dividends paid−0.59Fiscal year 2022Operating cash flow1.43Capital expenditure−0.28Free cash flow1.15 −22.2%Buybacks−1.20Dividends paid−0.65Fiscal year 2023Operating cash flow1.60Capital expenditure−0.29Free cash flow1.32 +14.8%Buybacks−0.05Dividends paid−0.68Fiscal year 2024Operating cash flow1.69Capital expenditure−0.26Free cash flow1.43 +8.6%Buybacks−0.44Dividends paid−0.75Fiscal year 2025Operating cash flow2.01Capital expenditure−0.37Free cash flow1.64 +14.5%Buybacks−0.55Dividends paid−0.79
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow n/a 1.03 1.18 1.32 1.31 1.71 1.43 1.60 1.69 2.01
Capital expenditure n/a −0.32 −0.23 −0.20 −0.16 −0.23 −0.28 −0.29 −0.26 −0.37
Free cash flow n/a 0.71 0.94 1.12 1.15 1.48 1.15 1.32 1.43 1.64
Growth +32.3% +18.8% +2.3% +28.9% −22.2% +14.8% +8.6% +14.5%
Buybacks n/a −1.96 −2.39 −0.82 −0.24 −1.59 −1.20 −0.05 −0.44 −0.55
Dividends paid n/a −0.42 −0.46 −0.51 −0.57 −0.59 −0.65 −0.68 −0.75 −0.79

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.73Total debt0.07Net cash (debt)0.66Shareholders’ equity−5.61Fiscal year 2017Cash1.52Total debt0.39Net cash (debt)1.14Shareholders’ equity−6.33Fiscal year 2018Cash0.29Total debt0.33Net cash (debt)−0.04Shareholders’ equity−7.93Fiscal year 2019Cash0.61Total debt0.44Net cash (debt)0.16Shareholders’ equity−8.02Fiscal year 2020Cash0.73Total debt0.46Net cash (debt)0.27Shareholders’ equity−7.89Fiscal year 2021Cash0.49Total debt0.08Net cash (debt)0.41Shareholders’ equity−8.37Fiscal year 2022Cash0.37Total debt0.41Net cash (debt)−0.04Shareholders’ equity−8.88Fiscal year 2023Cash0.51Total debt0.06Net cash (debt)0.46Shareholders’ equity−7.86Fiscal year 2024Cash0.62Total debt0.03Net cash (debt)0.59Shareholders’ equity−7.65Fiscal year 2025Cash0.71Total debt0.04Net cash (debt)0.67Shareholders’ equity−7.33
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.73 1.52 0.29 0.61 0.73 0.49 0.37 0.51 0.62 0.71
Total debt 0.07 0.39 0.33 0.44 0.46 0.08 0.41 0.06 0.03 0.04
Net cash (debt) 0.66 1.14 −0.04 0.16 0.27 0.41 −0.04 0.46 0.59 0.67
Shareholders’ equity −5.61 −6.33 −7.93 −8.02 −7.89 −8.37 −8.88 −7.86 −7.65 −7.33

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
6.36 5.88 5.69 5.60 5.65 6.58 6.84 7.08 7.55 8.21
Growth −7.5% −3.2% −1.6% +1.0% +16.5% +3.9% +3.4% +6.7% +8.8%
n/a 2.95 1.63 1.24 1.51 1.73 1.75 1.77 2.12 2.48
n/a 1.00 0.90 0.92 1.06 1.06 1.14 1.19 1.18 1.26
1.68 2.76 2.30 1.93 1.50 2.14 2.19 2.32 2.40 2.57
Growth +64.1% −16.8% −15.9% −22.1% +42.3% +2.2% +6.0% +3.7% +7.1%
1.35 2.27 1.84 1.37 1.02 1.67 1.66 1.82 1.90 2.08
n/a 0.93 0.30 0.08 0.12 0.10 0.34 0.22 0.41 0.52
1.64 1.34 1.54 1.29 0.90 1.58 1.33 1.60 1.49 1.56
Growth −18.4% +15.1% −16.1% −30.1% +74.2% −15.9% +20.5% −7.0% +4.9%
Per share
4.17 3.86 4.80 4.23 2.99 5.30 4.63 5.68 5.28 5.59
4.10 3.77 4.69 4.14 2.94 5.21 4.57 5.59 5.22 5.55
Growth −8.0% +24.4% −11.7% −29.0% +77.2% −12.3% +22.3% −6.6% +6.3%
394.0 347.0 322.0 306.0 302.0 297.0 286.0 281.0 282.0 279.0
400.0 355.0 329.0 313.0 307.0 302.0 290.0 285.0 285.0 281.0
Growth −11.3% −7.3% −4.9% −1.9% −1.6% −4.0% −1.7% +0.0% −1.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 7.8% a year over five years, and earnings per share grew 13.6% a year.
  • The diluted share count fell 8.5% in five years, so buybacks did some of the work per share.
  • Operating margin is up 4.7 points on five years ago, at 31.3%.
  • Profitable in every one of the 10 years on file.