NYSE : YUM
Yum! Brands, Inc. — Financial statements
Consumer Discretionary · Restaurants · United States
Last price 156.98 USD (Oct 30, 2026, 9:46 AM EDT) · Market cap 42.84B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Yum! Brands, Inc. (YUM) reported revenue of 8.72B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 8.72B | 8.21B | 7.55B | 7.08B | 6.84B | 6.58B |
| Cost of Revenue | 4.77B | 4.42B | 3.96B | 3.58B | 3.53B | 3.42B |
| Gross Profit | 3.95B | 3.79B | 3.58B | 3.50B | 3.31B | 3.17B |
| Selling, General & Admin | 1.17B | 1.15B | 1.09B | 1.16B | 1.13B | 1.05B |
| Other Operating Expenses | -46.00M | -61.00M | -58.00M | -42.00M | 47.00M | -51.00M |
| Operating Expenses | 1.12B | 1.09B | 1.03B | 1.12B | 1.18B | 1.00B |
| Operating Income | 2.83B | 2.70B | 2.55B | 2.38B | 2.14B | 2.16B |
| Interest Expense | -558.00M | -544.00M | -542.00M | -602.00M | -558.00M | -551.00M |
| Interest & Investment Income | 49.00M | 44.00M | 53.00M | 96.00M | 70.00M | 127.00M |
| Currency Exchange Gain (Loss) | -6.00M | 5.00M | -6.00M | -5.00M | 9.00M | -8.00M |
| Other Non Operating Income (Expenses) | 1.00M | -1.00M | ||||
| EBT Excluding Unusual Items | 2.32B | 2.21B | 2.06B | 1.87B | 1.66B | 1.73B |
| Merger & Restructuring Charges | -69.00M | -43.00M | -80.00M | -21.00M | -11.00M | -8.00M |
| Gain (Loss) on Sale of Investments | -21.00M | |||||
| Asset Writedown | -24.00M | -16.00M | -13.00M | -12.00M | ||
| Other Unusual Items | -72.00M | -72.00M | -43.00M | -18.00M | 16.00M | -50.00M |
| Pretax Income | 2.20B | 2.08B | 1.90B | 1.82B | 1.66B | 1.67B |
| Income Tax Expense | -19.00M | 518.00M | 414.00M | 221.00M | 337.00M | 99.00M |
| Earnings From Continuing Operations | 2.22B | 1.56B | 1.49B | 1.60B | 1.32B | 1.57B |
| Net Income | 2.22B | 1.56B | 1.49B | 1.60B | 1.32B | 1.57B |
| Net Income to Common | 2.22B | 1.56B | 1.49B | 1.60B | 1.32B | 1.57B |
| Shares Outstanding (Basic) | 277.50M | 279.00M | 282.00M | 281.00M | 286.00M | 297.00M |
| Shares Outstanding (Diluted) | 279.00M | 281.00M | 285.00M | 285.00M | 290.00M | 302.00M |
| EPS (Basic) | 7.99 | 5.59 | 5.27 | 5.68 | 4.63 | 5.30 |
| EPS (Diluted) | 7.94 | 5.55 | 5.22 | 5.59 | 4.57 | 5.21 |
| Free Cash Flow | 1.68B | 1.64B | 1.43B | 1.32B | 1.15B | 1.48B |
| Free Cash Flow Per Share | 6.02 | 5.83 | 5.03 | 4.62 | 3.96 | 4.89 |
| Dividend Per Share | 1.46 | 2.88 | 2.72 | 2.48 | 2.31 | 2.07 |
| Gross Margin | 45.31% | 46.16% | 47.48% | 49.42% | 48.42% | 48.07% |
| Operating Margin | 32.47% | 32.92% | 33.81% | 33.63% | 31.22% | 32.87% |
| Profit Margin | 25.41% | 18.98% | 19.68% | 22.57% | 19.37% | 23.92% |
| Free Cash Flow Margin | 19.25% | 19.95% | 18.97% | 18.63% | 16.78% | 22.42% |
| EBITDA | 3.07B | 2.91B | 2.73B | 2.53B | 2.28B | 2.33B |
| EBITDA Margin | 35.17% | 35.43% | 36.12% | 35.80% | 33.35% | 35.36% |
| D&A For EBITDA | 236.00M | 206.00M | 175.00M | 153.00M | 146.00M | 164.00M |
| EBIT | 2.83B | 2.70B | 2.55B | 2.38B | 2.14B | 2.16B |
| EBIT Margin | 32.47% | 32.92% | 33.81% | 33.63% | 31.22% | 32.87% |
| Effective Tax Rate | 24.94% | 21.79% | 12.16% | 20.28% | 5.91% | |
| Revenue as Reported | 8.72B | 8.21B | 7.55B | 7.08B | 6.84B | 6.58B |
| Advertising Expenses | 146.00M | 124.00M | 94.00M | 86.00M | 95.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 674.00M | 709.00M | 616.00M | 512.00M | 367.00M | 486.00M |
| Short-Term Investments | 91.00M | |||||
| Trading Asset Securities | 9.00M | 24.00M | 26.00M | |||
| Cash & Short-Term Investments | 683.00M | 709.00M | 707.00M | 536.00M | 393.00M | 486.00M |
| Accounts Receivable | 623.00M | 841.00M | 775.00M | 737.00M | 648.00M | 596.00M |
| Other Receivables | 111.00M | 114.00M | 55.00M | 20.00M | 32.00M | 50.00M |
| Receivables | 734.00M | 955.00M | 830.00M | 757.00M | 680.00M | 646.00M |
| Prepaid Expenses | 127.00M | 119.00M | 100.00M | 135.00M | 126.00M | 138.00M |
| Restricted Cash | 188.00M | 192.00M | 155.00M | 177.00M | 220.00M | 250.00M |
| Other Current Assets | 809.00M | 65.00M | 79.00M | 4.00M | 190.00M | 12.00M |
| Total Current Assets | 2.54B | 2.04B | 1.87B | 1.61B | 1.61B | 1.53B |
| Property, Plant & Equipment | 2.79B | 2.82B | 2.19B | 1.96B | 1.91B | 2.02B |
| Long-Term Investments | 7.00M | 134.00M | 139.00M | 124.00M | ||
| Goodwill | 716.00M | 969.00M | 736.00M | 642.00M | 638.00M | 657.00M |
| Other Intangible Assets | 807.00M | 909.00M | 416.00M | 377.00M | 354.00M | 359.00M |
| Long-Term Accounts Receivable | 53.00M | 56.00M | 61.00M | |||
| Long-Term Deferred Tax Assets | 1.37B | 965.00M | 1.07B | 1.04B | 750.00M | 724.00M |
| Other Long-Term Assets | 448.00M | 443.00M | 392.00M | 402.00M | 443.00M | 554.00M |
| Total Assets | 8.68B | 8.20B | 6.73B | 6.23B | 5.85B | 5.97B |
| Accounts Payable | 1.13B | 294.00M | 249.00M | 231.00M | 243.00M | 227.00M |
| Accrued Expenses | 504.00M | 452.00M | 486.00M | 504.00M | 599.00M | |
| Short-Term Debt | 2.00M | |||||
| Current Portion of Long-Term Debt | 2.81B | 25.00M | 19.00M | 45.00M | 390.00M | 99.00M |
| Current Portion of Leases | 116.00M | 99.00M | 87.00M | 87.00M | 95.00M | |
| Current Income Taxes Payable | 26.00M | 46.00M | 31.00M | 55.00M | 16.00M | 13.00M |
| Current Unearned Revenue | 62.00M | 81.00M | 74.00M | 72.00M | 69.00M | |
| Other Current Liabilities | 262.00M | 448.00M | 345.00M | 301.00M | 356.00M | 382.00M |
| Total Current Liabilities | 4.29B | 1.52B | 1.27B | 1.28B | 1.67B | 1.42B |
| Long-Term Debt | 9.32B | 11.73B | 11.25B | 11.10B | 11.40B | 11.18B |
| Long-Term Leases | 1.28B | 1.31B | 921.00M | 799.00M | 780.00M | 850.00M |
| Long-Term Unearned Revenue | 305.00M | 362.00M | 364.00M | 372.00M | ||
| Long-Term Deferred Tax Liabilities | 1.00M | 1.00M | 1.00M | 1.00M | 8.00M | |
| Other Long-Term Liabilities | 591.00M | 597.00M | 573.00M | 540.00M | 872.00M | 891.00M |
| Total Liabilities | 15.79B | 15.52B | 14.38B | 14.09B | 14.72B | 14.34B |
| Common Stock | 60.00M | |||||
| Retained Earnings | -6.81B | -7.01B | -7.26B | -7.62B | -8.51B | -8.05B |
| Comprehensive Income & Other | -298.00M | -311.00M | -392.00M | -302.00M | -369.00M | -325.00M |
| Total Common Equity | -7.11B | -7.33B | -7.65B | -7.86B | -8.88B | -8.37B |
| Shareholders' Equity | -7.11B | -7.33B | -7.65B | -7.86B | -8.88B | -8.37B |
| Total Liabilities & Equity | 8.68B | 8.20B | 6.73B | 6.23B | 5.85B | 5.97B |
| Total Debt | 13.41B | 13.19B | 12.29B | 12.03B | 12.66B | 12.22B |
| Net Cash (Debt) | -12.73B | -12.48B | -11.58B | -11.49B | -12.27B | -11.73B |
| Net Cash Per Share | -45.63 | -44.41 | -40.63 | -40.33 | -42.30 | -38.85 |
| Filing Date Shares Outstanding | 272.90M | 276.43M | 279.10M | 281.34M | 280.11M | 288.98M |
| Total Common Shares Outstanding | 273.00M | 277.00M | 279.00M | 281.00M | 280.00M | 289.00M |
| Working Capital | -1.75B | 524.00M | 602.00M | 332.00M | -56.00M | 117.00M |
| Book Value Per Share | -26.03 | -26.44 | -27.41 | -27.96 | -31.70 | -28.97 |
| Tangible Book Value | -8.63B | -9.20B | -8.80B | -8.88B | -9.87B | -9.39B |
| Tangible Book Value Per Share | -31.61 | -33.22 | -31.54 | -31.59 | -35.24 | -32.49 |
| Land | 381.00M | 383.00M | 373.00M | 376.00M | 412.00M | |
| Buildings | 1.62B | 1.51B | 1.42B | 1.36B | 1.40B | |
| Machinery | 924.00M | 714.00M | 676.00M | 651.00M | 595.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.22B | 1.56B | 1.49B | 1.60B | 1.32B | 1.57B |
| Depreciation & Amortization | 236.00M | 206.00M | 175.00M | 153.00M | 146.00M | 164.00M |
| Asset Writedown & Restructuring Costs | 22.00M | 22.00M | 12.00M | 13.00M | 10.00M | 19.00M |
| Stock-Based Compensation | 68.00M | 70.00M | 69.00M | 95.00M | 84.00M | 75.00M |
| Other Operating Activities | -361.00M | 170.00M | 33.00M | -164.00M | -33.00M | -129.00M |
| Change in Accounts Receivable | -63.00M | -45.00M | -53.00M | -89.00M | -84.00M | -46.00M |
| Change in Accounts Payable | 65.00M | 94.00M | 8.00M | -30.00M | -39.00M | 122.00M |
| Change in Income Taxes | -86.00M | -48.00M | -29.00M | 43.00M | 17.00M | -41.00M |
| Change in Other Net Operating Assets | -14.00M | -18.00M | -12.00M | -15.00M | 1.00M | -33.00M |
| Operating Cash Flow | 2.08B | 2.01B | 1.69B | 1.60B | 1.43B | 1.71B |
| Capital Expenditures | -404.00M | -371.00M | -257.00M | -285.00M | -279.00M | -230.00M |
| Cash Acquisitions | -689.00M | -782.00M | -208.00M | |||
| Divestitures | 47.00M | 78.00M | 49.00M | 181.00M | 73.00M | 85.00M |
| Investment in Securities | 91.00M | 13.00M | ||||
| Other Investing Activities | 4.00M | -19.00M | -19.00M | -3.00M | 4.00M | -28.00M |
| Investing Cash Flow | -1.04B | -1.00B | -422.00M | -107.00M | -202.00M | -173.00M |
| Short-Term Debt Issued | 89.00M | 345.00M | 279.00M | |||
| Long-Term Debt Issued | 1.49B | 237.00M | 999.00M | 4.15B | ||
| Total Debt Issued | 1.91B | 1.58B | 582.00M | 1.28B | 4.15B | |
| Short-Term Debt Repaid | -136.00M | -279.00M | ||||
| Long-Term Debt Repaid | -966.00M | -479.00M | -397.00M | -699.00M | -3.66B | |
| Total Debt Repaid | -1.10B | -1.10B | -479.00M | -676.00M | -699.00M | -3.66B |
| Net Debt Issued (Repaid) | 803.00M | 480.00M | 103.00M | -676.00M | 579.00M | 493.00M |
| Repurchase of Common Stock | -888.00M | -552.00M | -441.00M | -50.00M | -1.20B | -1.59B |
| Common Dividends Paid | -807.00M | -789.00M | -752.00M | -678.00M | -649.00M | -592.00M |
| Other Financing Activities | -48.00M | -63.00M | -73.00M | -25.00M | -53.00M | -77.00M |
| Financing Cash Flow | -940.00M | -924.00M | -1.16B | -1.43B | -1.32B | -1.77B |
| Foreign Exchange Rate Adjustments | -3.00M | 32.00M | -21.00M | 10.00M | -26.00M | -19.00M |
| Miscellaneous Cash Flow Adjustments | -32.00M | 1.00M | ||||
| Net Cash Flow | 66.00M | 116.00M | 83.00M | 77.00M | -124.00M | -253.00M |
| Free Cash Flow | 1.68B | 1.64B | 1.43B | 1.32B | 1.15B | 1.48B |
| Free Cash Flow Margin | 19.25% | 19.95% | 18.97% | 18.63% | 16.78% | 22.42% |
| Free Cash Flow Per Share | 6.02 | 5.83 | 5.03 | 4.62 | 3.96 | 4.89 |
| Levered Free Cash Flow | 833.25M | 1.31B | 1.16B | 1.17B | 734.25M | 1.05B |
| Unlevered Free Cash Flow | 1.18B | 1.65B | 1.50B | 1.55B | 1.08B | 1.40B |
| Cash Interest Paid | 527.00M | 516.00M | 510.00M | 526.00M | 486.00M | 471.00M |
| Cash Income Tax Paid | 405.00M | 405.00M | 494.00M | 432.00M | 371.00M | 308.00M |
| Change in Working Capital | -98.00M | -17.00M | -86.00M | -91.00M | -105.00M | 2.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 42.41B | 42.00B | 37.44B | 36.63B | 36.08B | 40.70B |
| Enterprise Value | 55.14B | 53.44B | 48.95B | 48.22B | 47.96B | 51.89B |
| Last Close Price | 155.40 | 149.10 | 129.72 | 123.87 | 119.18 | 126.77 |
| PE Ratio | 19.57 | 26.94 | 25.20 | 22.93 | 27.23 | 25.84 |
| Forward PE | 24.69 | 23.56 | 22.59 | 23.50 | 26.10 | 29.62 |
| PS Ratio | 4.86 | 5.11 | 4.96 | 5.18 | 5.27 | 6.18 |
| PB Ratio | -5.73 | -4.89 | -4.66 | -4.07 | -4.86 | |
| P/FCF Ratio | 25.26 | 25.63 | 26.14 | 27.79 | 31.43 | 27.58 |
| P/OCF Ratio | 20.36 | 20.90 | 22.17 | 22.85 | 25.28 | 23.86 |
| PEG Ratio | 2.53 | 2.38 | 2.04 | 1.89 | 2.27 | 2.22 |
| EV/Sales Ratio | 6.32 | 6.51 | 6.49 | 6.81 | 7.01 | 7.88 |
| EV/EBITDA Ratio | 17.97 | 18.36 | 17.95 | 19.04 | 21.02 | 22.29 |
| EV/EBIT Ratio | 19.47 | 19.76 | 19.18 | 20.26 | 22.45 | 23.98 |
| EV/FCF Ratio | 32.84 | 32.61 | 34.19 | 36.58 | 41.78 | 35.16 |
| Debt / Equity Ratio | -1.89 | -1.80 | -1.61 | -1.53 | -1.43 | -1.46 |
| Debt / EBITDA Ratio | 4.21 | 4.37 | 4.37 | 4.61 | 5.36 | 5.06 |
| Debt / FCF Ratio | 7.99 | 8.05 | 8.58 | 9.13 | 11.03 | 8.28 |
| Net Debt / Equity Ratio | -1.79 | -1.70 | -1.51 | -1.46 | -1.38 | -1.40 |
| Net Debt / EBITDA Ratio | 4.15 | 4.29 | 4.25 | 4.54 | 5.38 | 5.04 |
| Net Debt / FCF Ratio | 7.58 | 7.61 | 8.09 | 8.72 | 10.69 | 7.95 |
| Asset Turnover | 1.12 | 1.10 | 1.17 | 1.17 | 1.16 | 1.11 |
| Quick Ratio | 0.33 | 1.10 | 1.21 | 1.01 | 0.64 | 0.80 |
| Current Ratio | 0.59 | 1.35 | 1.47 | 1.26 | 0.97 | 1.08 |
| Return on Assets (ROA) | 22.69% | 22.65% | 24.62% | 24.63% | 22.60% | 22.89% |
| Return on Invested Capital (ROIC) | 59.73% | 33.44% | 38.34% | 45.77% | 39.00% | 46.66% |
| Return on Capital Employed (ROCE) | 64.50% | 40.50% | 46.80% | 48.00% | 51.10% | 47.50% |
| Earnings Yield | 5.11% | 3.71% | 3.97% | 4.36% | 3.67% | 3.87% |
| FCF Yield | 3.96% | 3.90% | 3.82% | 3.60% | 3.18% | 3.63% |
| Dividend Yield | 1.93% | 1.90% | 2.03% | 1.91% | 1.80% | 1.47% |
| Payout Ratio | 37.79% | 50.61% | 50.61% | 42.45% | 48.98% | 37.59% |
| Buyback Yield / Dilution | 1.41% | 1.40% | -0.36% | 1.72% | 3.97% | 1.63% |
| Total Shareholder Return | 3.34% | 3.30% | 1.67% | 3.63% | 5.77% | 3.10% |