YUMNYSERetail-Eating PlacesFiscal year ends December 31
YUM BRANDS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$149.83−0.68 (-0.45%)
Close on Oct 19, 2026
- Market cap
- $41.50B
- P/E (TTM)
- 18.9
- Dividend yield
- 1.90%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
69.8%−3.6 pts over 5 years
Operating margin
31.3%+4.7 pts over 5 years
Net margin
19.0%+3.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.8% | +6.3% | +7.8% | +2.5% | |
| Gross profit | +5.6% | +4.0% | +6.7% | – | |
| Operating income | +7.1% | +5.6% | +11.4% | +6.0% | |
| Net income | +4.9% | +5.6% | +11.5% | +2.0% | |
| EPS, diluted | +6.3% | +6.7% | +13.6% | +6.7% | |
| Free cash flow | +14.5% | +12.6% | +7.4% | +3.5% | |
| Dividend per share | +6.0% | +7.6% | +8.6% | +5.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -69.9% | -11.4% | -20.8% | |
| Return on assets | 24.3% | 16.3% | 20.9% | |
| Current ratio | 1.15 | 1.01 | 1.35 | |
| Debt to equity | -1.64 | -1.36 | -1.63 | |
| Net debt to EBITDA | 4.20× | 5.88× | 4.03× | |
| Interest coverage | 5.1× | 2.7× | 4.7× | |
| Capex to revenue | – | 2.8% | 4.5% | |
| Diluted shares | 400M | 307M | 281M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Yum Brands generated $8.44B from operations and spent $8.72B on capital expenditure, dividends and share buybacks. 16% of that went back into the business.
Generated
$8.44B
Used
$8.72B
Capital expenditure$1.42B16%Dividends$3.46B40%Share buybacks$3.83B44%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin19.0%
×Asset turnover1.10×
×Equity multiplier-1.00×
=Return on equity, FY2025-20.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 19.0% | 1.10× | -1.00× | -20.8% |
| FY2024 | 19.7% | 1.17× | -0.84× | -19.2% |
| FY2023 | 22.6% | 1.17× | -0.72× | -19.1% |
| FY2022 | 19.4% | 1.16× | -0.68× | -15.4% |
| FY2021 | 23.9% | 1.11× | -0.73× | -19.4% |
| FY2020 | 16.0% | 1.02× | -0.70× | -11.4% |
| FY2019 | 23.1% | 1.20× | -0.59× | -16.2% |
| FY2018 | 27.1% | 1.20× | -0.66× | -21.6% |
| FY2017 | 22.8% | 1.09× | -0.90× | -22.4% |
| FY2016 | 25.8% | 0.94× | -2.87× | -69.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.56B
- Cash generatingOperating cash flow above zero$2.01B
- Return on assets improvedROA up on the prior year23.8% → 23.2%
- Earnings backed by cashOperating cash flow above net income$2.01B vs $1.56B
- Less leverageLong-term debt to assets fell168.1% → 144.8%
- Better liquidityCurrent ratio rose1.47 → 1.35
- No dilutionShare count did not rise285M → 281M
- Gross margin improvedGross margin up on the prior year71.92% → 69.77%
- More efficientAsset turnover rose1.21 → 1.22