InsiderClue
Stocks · Consumer discretionary · Retail-Eating Places

Yum China Holdings, Inc.

YUMC Clue Score55
United States Fiscal year ends December CIK 0001673358
$42.92 +2.73% Close, 9 Oct 2026
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Price $42.92 −27.49% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 17 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 2016Revenue7.08Operating income0.63Net income0.50EPS, diluted1.35Fiscal year 2017Revenue7.77 +9.8%Operating income0.78Net income0.40 −20.1%EPS, diluted1.00 −25.9%Fiscal year 2018Revenue8.42 +8.3%Operating income0.94Net income0.71 +77.9%EPS, diluted1.79 +79.0%Fiscal year 2019Revenue8.78 +4.3%Operating income0.90Net income0.71 +0.7%EPS, diluted1.84 +2.8%Fiscal year 2020Revenue8.26 −5.8%Operating income0.96Net income0.78 +10.0%EPS, diluted1.95 +6.0%Fiscal year 2021Revenue9.85 +19.2%Operating income1.39Net income0.99 +26.3%EPS, diluted2.28 +16.9%Fiscal year 2022Revenue9.57 −2.9%Operating income0.63Net income0.44 −55.4%EPS, diluted1.04 −54.4%Fiscal year 2023Revenue10.98 +14.7%Operating income1.11Net income0.83 +87.1%EPS, diluted1.97 +89.4%Fiscal year 2024Revenue11.30 +3.0%Operating income1.16Net income0.91 +10.2%EPS, diluted2.33 +18.3%Fiscal year 2025Revenue11.80 +4.4%Operating income1.29Net income0.93 +2.0%EPS, diluted2.51 +7.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 7.08 7.77 8.42 8.78 8.26 9.85 9.57 10.98 11.30 11.80
Growth +9.8% +8.3% +4.3% −5.8% +19.2% −2.9% +14.7% +3.0% +4.4%
Operating income 0.63 0.78 0.94 0.90 0.96 1.39 0.63 1.11 1.16 1.29
Net income 0.50 0.40 0.71 0.71 0.78 0.99 0.44 0.83 0.91 0.93
Growth −20.1% +77.9% +0.7% +10.0% +26.3% −55.4% +87.1% +10.2% +2.0%
EPS, diluted 1.35 1.00 1.79 1.84 1.95 2.28 1.04 1.97 2.33 2.51
Growth −25.9% +79.0% +2.8% +6.0% +16.9% −54.4% +89.4% +18.3% +7.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin9.0%Net margin7.0%Free cash flow margin6.1%Fiscal year 2017Operating margin10.0%Net margin5.1%Free cash flow margin6.0%Fiscal year 2018Operating margin11.2%Net margin8.4%Free cash flow margin10.3%Fiscal year 2019Operating margin10.3%Net margin8.1%Free cash flow margin8.5%Fiscal year 2020Operating margin11.6%Net margin9.5%Free cash flow margin8.4%Fiscal year 2021Operating margin14.1%Net margin10.0%Free cash flow margin4.5%Fiscal year 2022Operating margin6.6%Net margin4.6%Free cash flow margin7.7%Fiscal year 2023Operating margin10.1%Net margin7.5%Free cash flow margin7.0%Fiscal year 2024Operating margin10.3%Net margin8.1%Free cash flow margin6.3%Fiscal year 2025Operating margin10.9%Net margin7.9%Free cash flow margin7.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 9.0% 10.0% 11.2% 10.3% 11.6% 14.1% 6.6% 10.1% 10.3% 10.9%
Net margin 7.0% 5.1% 8.4% 8.1% 9.5% 10.0% 4.6% 7.5% 8.1% 7.9%
Free cash flow margin 6.1% 6.0% 10.3% 8.5% 8.4% 4.5% 7.7% 7.0% 6.3% 7.1%

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 2016Operating cash flow0.87Capital expenditure−0.44Free cash flow0.43Fiscal year 2017Operating cash flow0.88Capital expenditure−0.42Free cash flow0.47 +9.1%Buybacks−0.13Dividends paid−0.04Fiscal year 2018Operating cash flow1.33Capital expenditure−0.47Free cash flow0.86 +84.0%Buybacks−0.31Dividends paid−0.16Fiscal year 2019Operating cash flow1.19Capital expenditure−0.44Free cash flow0.75 −13.1%Buybacks−0.27Dividends paid−0.18Fiscal year 2020Operating cash flow1.11Capital expenditure−0.42Free cash flow0.70 −7.3%Buybacks−0.01Dividends paid−0.10Fiscal year 2021Operating cash flow1.13Capital expenditure−0.69Free cash flow0.44 −36.4%Buybacks−0.08Dividends paid−0.20Fiscal year 2022Operating cash flow1.41Capital expenditure−0.68Free cash flow0.73 +66.1%Buybacks−0.47Dividends paid−0.20Fiscal year 2023Operating cash flow1.47Capital expenditure−0.71Free cash flow0.76 +4.0%Buybacks−0.61Dividends paid−0.22Fiscal year 2024Operating cash flow1.42Capital expenditure−0.71Free cash flow0.71 −6.4%Buybacks−1.25Dividends paid−0.25Fiscal year 2025Operating cash flow1.47Capital expenditure−0.63Free cash flow0.84 +17.6%Buybacks−1.14Dividends paid−0.35
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.87 0.88 1.33 1.19 1.11 1.13 1.41 1.47 1.42 1.47
Capital expenditure −0.44 −0.42 −0.47 −0.44 −0.42 −0.69 −0.68 −0.71 −0.71 −0.63
Free cash flow 0.43 0.47 0.86 0.75 0.70 0.44 0.73 0.76 0.71 0.84
Growth +9.1% +84.0% −13.1% −7.3% −36.4% +66.1% +4.0% −6.4% +17.6%
Buybacks n/a −0.13 −0.31 −0.27 −0.01 −0.08 −0.47 −0.61 −1.25 −1.14
Dividends paid n/a −0.04 −0.16 −0.18 −0.10 −0.20 −0.20 −0.22 −0.25 −0.35

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash0.89Shareholders’ equity2.38Fiscal year 2017Cash1.06Shareholders’ equity2.77Fiscal year 2018Cash1.27Shareholders’ equity2.87Fiscal year 2019Cash1.05Shareholders’ equity3.08Fiscal year 2020Cash1.16Shareholders’ equity6.21Fiscal year 2021Cash1.14Shareholders’ equity7.06Fiscal year 2022Cash1.13Shareholders’ equity6.48Fiscal year 2023Cash1.13Shareholders’ equity6.41Fiscal year 2024Cash0.72Shareholders’ equity5.73Fiscal year 2025Cash0.51Shareholders’ equity5.38
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.89 1.06 1.27 1.05 1.16 1.14 1.13 1.13 0.72 0.51
Shareholders’ equity 2.38 2.77 2.87 3.08 6.21 7.06 6.48 6.41 5.73 5.38

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

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
9.0% 10.0% 11.2% 10.3% 11.6% 14.1% 6.6% 10.1% 10.3% 10.9%
9.4% 10.3% 11.3% 11.4% 13.4% 14.1% 7.2% 11.2% 11.8% 11.5%
7.0% 5.1% 8.4% 8.1% 9.5% 10.0% 4.6% 7.5% 8.1% 7.9%
6.1% 6.0% 10.3% 8.5% 8.4% 4.5% 7.7% 7.0% 6.3% 7.1%
Spending
0.1% 0.1% 0.0% 0.0% 0.0% 0.1% 0.1% 0.1% 0.1% 0.1%
6.1% 6.4% 5.4% 5.5% 5.8% 5.7% 6.2% 5.8% 5.0% 4.9%
6.2% 5.3% 5.6% 5.0% 5.1% 7.0% 7.1% 6.5% 6.2% 5.3%
23.4% 47.2% 22.5% 25.9% 26.6% 26.5% 30.1% 26.8% 26.7% 27.2%
Returns
21.0% 14.4% 24.6% 23.2% 12.6% 14.0% 6.8% 12.9% 15.9% 17.3%
13.4% 9.3% 15.4% 10.3% 7.2% 7.5% 3.7% 6.9% 8.2% 8.6%
Balance and payout
34.5% 33.6% 35.4% 54.3% 40.5% 40.1% 39.5% 40.8% 42.2% 43.4%
n/a 9.5% 22.7% 25.4% 12.1% 20.5% 45.7% 26.1% 27.2% 38.0%
n/a 35.4% 54.2% 59.5% 14.8% 62.9% 91.0% 108.7% 209.7% 178.2%