Yum! Brands (YUM) Financials

$151.83 -5.42 (-3.45%)

Closing price 05/8/2026 03:59 PM Eastern

Extended Trading

$152.01 +0.19 (+0.12%)

As of 05/8/2026 07:50 PM Eastern

Annual Income Statements for Yum! Brands

This table shows Yum! Brands' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	4,974	2,185	254	1,542	1,294	904	1,575	1,325	1,597	1,486	1,559
Consolidated Net Income / (Loss)	4,974	2,185	254	1,542	1,294	904	1,575	1,325	1,597	1,486	1,559
Net Income / (Loss) Continuing Operations	4,617	2,185	254	1,542	1,294	904	1,575	1,325	1,597	1,486	1,558
Total Pre-Tax Income	1,253	1,345	1,188	1,839	1,373	1,020	1,674	1,662	1,818	1,900	2,076
Total Operating Income	4,932	2,829	1,675	2,296	1,930	1,503	2,139	2,187	2,318	2,403	2,574
Total Gross Profit	6,418	2,666	2,924	4,054	4,182	4,001	4,742	4,974	5,179	5,295	5,591
Total Revenue	6,418	6,356	5,878	5,688	5,597	5,652	6,584	6,842	7,076	7,549	8,214
Operating Revenue	6,418	6,356	5,878	5,688	5,597	5,652	6,584	6,842	7,076	7,549	8,214
Total Cost of Revenue	0.00	3,690	2,954	1,634	1,415	1,651	1,842	1,868	1,897	2,254	2,623
Operating Cost of Revenue	-	3,690	2,954	1,634	1,415	1,651	1,842	1,868	1,897	2,254	2,623
Total Operating Expenses	1,486	-163	1,249	1,758	2,252	2,498	2,603	2,787	2,861	2,892	3,015
Selling, General & Admin Expense	1,463	0.00	999	895	917	1,064	1,060	1,140	1,193	1,181	1,262
Marketing Expense	-	0.00	0.00	1,208	1,368	1,314	1,576	1,667	1,683	1,711	1,799
Other Operating Expenses / (Income)	-	-	247	195	4.00	154	2.00	7.00	14	34	2.00
Other Special Charges / (Income)	23	-163	-	-540	-37	-34	-35	-27	-29	-34	-48
Total Other Income / (Expense), net	-315	-644	-487	-457	-557	-483	-465	-525	-500	-503	-498
Interest Expense	275	614	445	452	486	543	544	527	513	489	501
Interest & Investment Income	-	2.00	5.00	9.00	-67	74	86	11	7.00	-21	1.00
Other Income / (Expense), net	-40	-32	-47	-14	-4.00	-14	-7.00	-9.00	6.00	7.00	2.00
Income Tax Expense	0.00	0.00	934	297	79	116	99	337	221	414	518
Basic Earnings per Share	$5.90	$8.34	$3.86	$4.80	$4.23	$2.99	$5.30	$4.63	$5.68	$5.28	$5.59
Weighted Average Basic Shares Outstanding	436M	353.84M	347M	322M	300.82M	300.06M	288.98M	280.11M	281.34M	279.10M	276.43M
Diluted Earnings per Share	$5.80	$8.20	$3.77	$4.69	$4.14	$2.94	$5.21	$4.57	$5.59	$5.22	$5.55
Weighted Average Diluted Shares Outstanding	436M	353.84M	347M	322M	300.82M	300.06M	288.98M	280.11M	281.34M	279.10M	276.43M
Weighted Average Basic & Diluted Shares Outstanding	436M	353.84M	347M	322M	300.82M	300.06M	288.98M	280.11M	281.34M	279.10M	276.43M
Cash Dividends to Common per Share	$1.74	$1.73	$0.90	$1.44	$1.68	$1.88	$2.00	$2.28	$2.42	$2.68	$2.84

This table shows Yum! Brands' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	416	463	314	367	382	423	253	374	397	535	432
Consolidated Net Income / (Loss)	416	463	314	367	382	423	253	374	397	535	432
Net Income / (Loss) Continuing Operations	416	463	314	367	382	423	253	375	397	533	432
Total Pre-Tax Income	505	464	383	487	502	528	429	500	541	606	516
Total Operating Income	613	609	520	607	619	657	548	622	666	738	644
Total Gross Profit	1,260	1,473	1,167	1,270	1,267	1,591	1,267	1,334	1,357	1,667	1,382
Total Revenue	1,708	2,036	1,598	1,763	1,826	2,362	1,787	1,933	1,979	2,515	2,059
Operating Revenue	1,708	2,036	1,598	1,763	1,826	2,362	1,787	1,932	1,980	2,515	2,059
Total Cost of Revenue	448	563	431	493	559	771	520	599	622	848	677
Operating Cost of Revenue	448	563	431	493	559	771	520	599	622	848	677
Total Operating Expenses	647	864	647	663	648	934	724	712	691	927	739
Selling, General & Admin Expense	267	353	286	281	263	351	302	302	282	376	322
Marketing Expense	400	500	367	401	401	542	396	428	427	548	419
Other Operating Expenses / (Income)	-1.00	-	-1.00	-5.00	-4.00	44	26	-7.00	-1.00	18	-2.00
Total Other Income / (Expense), net	-108	-145	-137	-120	-117	-129	-119	-122	-125	-132	-128
Interest Expense	126	132	117	121	120	131	120	123	124	134	128
Interest & Investment Income	16	-14	-22	0.00	1.00	-	1.00	0.00	0.00	-	0.00
Other Income / (Expense), net	2.00	1.00	2.00	1.00	2.00	2.00	0.00	1.00	-1.00	2.00	0.00
Income Tax Expense	89	1.00	69	120	120	105	176	125	144	73	84
Basic Earnings per Share	$1.48	$1.64	$1.11	$1.30	$1.36	$1.51	$0.91	$1.34	$1.42	$1.92	$1.56
Weighted Average Basic Shares Outstanding	280.31M	281.34M	281.63M	281.17M	279.07M	279.10M	277.96M	277.54M	277.65M	276.43M	275.62M
Diluted Earnings per Share	$1.46	$1.62	$1.10	$1.28	$1.35	$1.49	$0.90	$1.33	$1.41	$1.91	$1.55
Weighted Average Diluted Shares Outstanding	280.31M	281.34M	281.63M	281.17M	279.07M	279.10M	277.96M	277.54M	277.65M	276.43M	275.62M
Weighted Average Basic & Diluted Shares Outstanding	280.31M	281.34M	281.63M	281.17M	279.07M	279.10M	277.96M	277.54M	277.65M	276.43M	275.62M
Cash Dividends to Common per Share	$0.61	$0.61	$0.67	$0.67	$0.67	$0.67	$0.71	$0.71	$0.71	$0.71	$0.75

This table details how cash moves in and out of Yum! Brands' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	94	1,319	1,856	-1,194	294	-156	-253	-124	77	312	715
Net Cash From Operating Activities	2,191	2,077	1,030	1,176	1,315	1,305	1,706	1,427	1,603	1,689	2,010
Net Cash From Continuing Operating Activities	2,010	2,023	2,118	1,176	1,315	1,305	1,706	1,427	1,603	1,689	2,010
Net Income / (Loss) Continuing Operations	1,283	1,643	1,340	1,542	1,294	904	1,575	1,325	1,597	1,486	1,559
Consolidated Net Income / (Loss)	1,283	1,643	1,340	1,542	1,294	904	1,575	1,325	1,597	1,486	1,559
Depreciation Expense	638	620	253	137	112	146	164	146	153	175	206
Non-Cash Adjustments To Reconcile Net Income	159	-245	65	-493	94	161	-227	1.00	72	68	43
Changes in Operating Assets and Liabilities, net	-70	5.00	-628	-10	-185	94	194	-45	-219	-40	202
Net Cash From Investing Activities	-692	-291	1,472	313	-88	-335	-173	-202	-107	-422	-1,003
Net Cash From Continuing Investing Activities	14	366	1,472	313	-88	-747	-173	-202	-107	-214	-403
Purchase of Property, Plant & Equipment	-442	-427	-318	-234	-196	-160	-230	-279	-285	-257	-371
Purchase of Investments	-	0.00	0.00	-200	0.00	-	0.00	0.00	0.00	-91	-91
Divestitures	426	740	1,773	825	110	19	85	73	60	49	78
Sale and/or Maturity of Investments	-	-	-	-	-	206	-	0.00	121	104	0.00
Other Investing Activities, net	30	53	17	-12	-2.00	8.00	-28	4.00	-3.00	-19	-19
Net Cash From Financing Activities	-1,323	-1,036	-1,795	-2,620	-938	-738	-1,767	-1,323	-1,429	-1,163	-924
Net Cash From Continuing Financing Activities	-1,930	-1,033	-1,795	-2,620	-938	-738	-1,767	-1,323	-1,429	-1,163	-924
Repayment of Debt	-306	-2,501	-507	-1,383	-542	-1,678	-3,734	-752	-422	-552	-1,115
Repurchase of Common Equity	-1,200	-5,403	-1,960	-2,390	-815	-239	-1,591	-1,200	-50	-441	-552
Payment of Dividends	-730	-744	-416	-462	-511	-566	-592	-649	-678	-752	-789
Issuance of Debt	306	7,615	0.00	1,615	930	1,745	4,150	1,278	-279	582	1,532
Effect of Exchange Rate Changes	0.00	-34	61	-63	5.00	-	-19	-26	10	-	32

This table details how cash moves in and out of Yum! Brands' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	218	-151	154	-255	4.00	180	-25	47	383	322	-34
Net Cash From Operating Activities	477	448	363	342	471	513	404	446	543	617	416
Net Cash From Continuing Operating Activities	477	448	363	342	471	513	403	446	543	617	416
Net Income / (Loss) Continuing Operations	416	463	314	367	382	423	253	375	396	535	432
Consolidated Net Income / (Loss)	416	463	314	367	382	423	253	375	396	535	432
Depreciation Expense	37	49	35	41	44	55	45	44	50	67	60
Non-Cash Adjustments To Reconcile Net Income	-13	-226	40	1.00	1.00	26	15	5.00	-	23	23
Changes in Operating Assets and Liabilities, net	37	162	-26	-67	44	9.00	90	22	97	-8.00	-99
Net Cash From Investing Activities	-30	-103	45	-298	-39	-130	2.00	-132	-78	-795	-80
Net Cash From Continuing Investing Activities	-28	-103	45	-298	-39	-130	2.00	-132	-78	-195	-80
Purchase of Property, Plant & Equipment	-57	-106	-49	-50	-52	-106	-71	-71	-94	-135	-75
Purchase of Investments	1.00	121	-	-	25	-	-16	-97	-2.00	-82	-5.00
Sale of Property, Plant & Equipment	26	-	11	19	18	-	15	17	21	-	0.00
Sale and/or Maturity of Investments	-	-	104	-	-	-	90	-	-	-	0.00
Other Investing Activities, net	2.00	-	-21	23	-30	-25	-16	19	-3.00	-3.00	0.00
Net Cash From Financing Activities	-223	-508	-247	-300	-444	-172	-443	-298	-81	-102	-375
Net Cash From Continuing Financing Activities	-223	-508	-247	-300	-444	-172	-443	-298	-81	-102	-375
Repayment of Debt	-24	-338	-58	-474	-9.00	-11	-40	-38	-979	-58	-33
Repurchase of Common Equity	-	-	0.00	-50	-277	-114	-229	-109	-36	-178	-185
Payment of Dividends	-169	-170	-189	-188	-188	-187	-198	-197	-197	-197	-207
Issuance of Debt	-30	-	0.00	412	30	140	24	46	1,131	331	50
Other Net Changes in Cash	-	-	-	-	-	-	10	-	-	-	5.00

This table presents Yum! Brands' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/26/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	8,061	5,453	5,311	4,130	5,231	5,852	5,966	5,846	6,231	6,727	8,197
Total Current Assets	1,687	1,505	2,507	1,207	1,527	1,689	1,532	1,609	1,609	1,871	2,040
Cash & Equivalents	737	725	1,522	292	605	730	486	367	512	616	709
Note & Lease Receivable	377	370	400	561	584	534	596	648	737	775	841
Prepaid Expenses	241	236	384	354	338	425	450	594	360	480	490
Plant, Property, & Equipment, net	4,188	2,113	1,594	1,237	1,170	1,235	1,207	1,171	1,197	1,304	1,605
Total Noncurrent Assets	4,496	1,835	1,210	1,686	2,534	2,928	3,227	3,066	3,425	3,552	4,551
Goodwill	656	536	512	525	530	597	657	638	642	736	969
Intangible Assets	271	151	214	242	244	343	359	354	377	416	909
Noncurrent Deferred & Refundable Income Taxes	676	772	139	195	447	553	724	750	1,045	1,071	965
Other Noncurrent Operating Assets	2,893	376	345	724	1,313	1,435	1,487	1,324	1,361	1,329	1,708
Total Liabilities & Shareholders' Equity	8,061	5,453	5,311	4,130	5,231	5,852	5,966	5,846	6,231	6,727	8,197
Total Liabilities	7,086	11,068	11,645	12,056	13,247	13,743	14,339	14,722	14,089	14,375	15,521
Total Current Liabilities	3,087	1,306	1,512	1,301	1,541	1,675	1,415	1,665	1,277	1,269	1,516
Short-Term Debt	921	66	375	321	431	453	68	398	53	27	38
Accounts Payable	1,986	1,067	813	911	960	1,189	1,334	1,251	1,169	1,211	1,433
Current Deferred & Payable Income Tax Liabilities	77	36	123	69	150	33	13	16	55	31	46
Total Noncurrent Liabilities	3,965	9,762	10,133	10,755	11,706	12,068	12,924	13,057	12,812	13,106	14,005
Long-Term Debt	3,965	9,762	10,133	10,755	11,706	10,272	11,178	11,453	11,142	11,306	11,872
Other Noncurrent Operating Liabilities	-	-	-	-	-	1,796	1,746	1,604	1,670	1,800	2,133
Total Equity & Noncontrolling Interests	969	-5,615	-6,334	-7,926	-8,016	-7,891	-8,373	-8,876	-7,858	-7,648	-7,325
Total Preferred & Common Equity	911	-5,615	-6,334	0.00	-8,016	-7,891	-8,373	-8,876	-7,858	-7,648	-7,325
Total Common Equity	911	-5,615	-6,334	-7,926	-8,016	-7,891	-8,373	-8,876	-7,858	-7,648	-7,325
Common Stock	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	60	0.00	0.00
Retained Earnings	1,150	-5,157	-6,063	-7,592	-7,628	-7,480	-8,048	-8,507	-7,616	-7,256	-7,014
Accumulated Other Comprehensive Income / (Loss)	-239	-458	-271	-334	-388	-411	-325	-369	-302	-392	-311

This table presents Yum! Brands' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	5,848	6,071	6,231	6,224	6,395	6,461	6,727	6,659	6,917	7,193	8,211
Total Current Assets	1,515	1,705	1,609	1,774	1,635	1,625	1,871	1,727	1,826	2,204	2,030
Cash & Equivalents	437	656	512	652	404	457	616	607	677	1,045	689
Note & Lease Receivable	656	647	737	686	713	708	775	712	756	744	828
Prepaid Expenses	422	402	360	436	518	460	480	408	394	415	513
Plant, Property, & Equipment, net	1,162	1,157	1,197	1,190	1,272	1,300	1,304	1,338	1,383	1,422	1,622
Total Noncurrent Assets	3,171	3,209	3,425	3,260	3,488	3,536	3,552	3,595	3,707	3,567	4,560
Goodwill	641	638	642	641	718	735	736	746	792	779	971
Intangible Assets	369	369	377	370	417	416	416	418	454	462	899
Noncurrent Deferred & Refundable Income Taxes	821	842	1,045	1,021	1,018	1,033	1,071	1,065	1,061	898	952
Other Noncurrent Operating Assets	1,340	1,360	1,361	1,228	1,335	1,352	1,329	1,366	1,400	1,428	1,738
Total Liabilities & Shareholders' Equity	5,848	6,071	6,231	6,224	6,395	6,461	6,727	6,659	6,917	7,193	8,211
Total Liabilities	14,284	14,261	14,089	13,980	14,025	14,135	14,375	14,463	14,597	14,698	15,494
Total Current Liabilities	1,487	1,504	1,277	1,188	1,136	1,186	1,269	1,231	2,229	1,301	3,118
Short-Term Debt	374	373	53	58	24	24	27	30	971	48	1,741
Accounts Payable	1,063	1,119	1,169	1,095	1,098	1,138	1,211	1,179	1,223	1,217	1,342
Current Deferred & Payable Income Tax Liabilities	50	12	55	35	14	24	31	21	34	36	35
Total Noncurrent Liabilities	12,797	12,757	12,812	12,792	12,889	12,949	13,106	13,233	12,369	13,396	12,377
Long-Term Debt	11,194	11,152	11,142	11,130	11,140	11,169	11,306	11,327	10,418	11,506	10,213
Other Noncurrent Operating Liabilities	1,603	1,605	1,670	1,662	1,749	1,780	1,800	1,906	1,951	1,890	2,164
Total Equity & Noncontrolling Interests	-8,436	-8,190	-7,858	-7,756	-7,630	-7,674	-7,648	-7,804	-7,680	-7,505	-7,283
Total Preferred & Common Equity	-8,436	-8,190	-7,858	-7,756	-7,630	-7,674	-7,648	-7,804	-7,680	-7,505	-7,283
Total Common Equity	-8,436	-8,190	-7,858	-7,756	-7,630	-7,674	-7,648	-7,805	-7,680	-7,505	-7,283
Common Stock	13	33	60	45	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-8,156	-7,909	-7,616	-7,492	-7,321	-7,389	-7,256	-7,434	-7,361	-7,183	-6,971
Accumulated Other Comprehensive Income / (Loss)	-293	-314	-302	-309	-309	-285	-392	-371	-319	-322	-312

This table displays calculated financial ratios and metrics derived from Yum! Brands' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.57%	-0.97%	-7.52%	-3.23%	-1.60%	0.98%	16.49%	3.92%	3.42%	6.68%	8.81%
EBITDA Growth	199.73%	-38.21%	-44.95%	28.60%	-15.75%	-19.77%	40.43%	1.22%	6.58%	4.36%	7.62%
EBIT Growth	222.48%	-42.83%	-41.79%	40.17%	-15.60%	-22.69%	43.18%	2.16%	6.70%	3.70%	6.89%
NOPAT Growth	344.04%	-42.64%	-87.34%	437.58%	-5.52%	-26.77%	51.08%	-13.36%	16.79%	-7.70%	2.79%
Net Income Growth	373.26%	-56.07%	-88.38%	507.09%	-16.08%	-30.14%	74.23%	-15.87%	20.53%	-6.95%	4.91%
EPS Growth	373.26%	41.38%	-54.02%	24.40%	-11.73%	-28.99%	77.21%	-12.28%	22.32%	-6.62%	6.32%
Operating Cash Flow Growth	6.93%	-5.20%	-50.41%	14.17%	11.82%	-0.76%	30.73%	-16.35%	12.33%	5.36%	19.01%
Free Cash Flow Firm Growth	113.26%	125.54%	-81.61%	20.67%	-23.53%	136.36%	-36.97%	-11.97%	19.49%	-10.10%	-31.16%
Invested Capital Growth	34.72%	-54.50%	-26.86%	16.61%	23.02%	-40.16%	13.45%	9.26%	8.32%	8.64%	26.26%
Revenue Q/Q Growth	-0.63%	-22.79%	1,990.03%	-0.33%	37.18%	-19.07%	2.28%	1.92%	0.24%	4.51%	1.90%
EBITDA Q/Q Growth	219.84%	-31.26%	-50.55%	32.19%	18.42%	-26.25%	0.61%	2.92%	1.85%	2.17%	3.46%
EBIT Q/Q Growth	250.18%	-39.38%	-49.33%	36.73%	20.15%	-28.72%	0.61%	3.37%	1.66%	2.08%	3.25%
NOPAT Q/Q Growth	394.42%	-51.40%	-87.74%	188.06%	43.75%	-33.70%	-2.49%	5.62%	5.36%	-3.98%	6.92%
Net Income Q/Q Growth	432.55%	-58.70%	-85.48%	176.34%	52.77%	-33.19%	-0.13%	3.19%	6.11%	-2.62%	7.74%
EPS Q/Q Growth	432.55%	0.00%	1,985.00%	162.01%	9.81%	0.00%	0.39%	4.58%	6.07%	-2.43%	8.19%
Operating Cash Flow Q/Q Growth	-2.80%	0.29%	-6.19%	6.14%	4.12%	1.56%	-2.18%	2.74%	-0.25%	4.00%	5.46%
Free Cash Flow Firm Q/Q Growth	72.14%	21.06%	-72.68%	27.22%	-23.74%	58.24%	0.04%	7.93%	-3.77%	3.88%	-39.60%
Invested Capital Q/Q Growth	80.34%	-21.19%	-4.59%	39.82%	96.75%	2.04%	-0.42%	-1.10%	5.45%	0.23%	28.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	41.94%	49.74%	71.27%	74.72%	70.79%	72.02%	72.70%	73.19%	70.14%	68.07%
EBITDA Margin	86.16%	53.76%	32.00%	42.53%	36.41%	28.93%	34.87%	33.97%	35.01%	34.24%	33.87%
Operating Margin	76.85%	44.51%	28.50%	40.37%	34.48%	26.59%	32.49%	31.96%	32.76%	31.83%	31.34%
EBIT Margin	76.22%	44.01%	27.70%	40.12%	34.41%	26.34%	32.38%	31.83%	32.84%	31.92%	31.36%
Profit (Net Income) Margin	77.50%	34.38%	4.32%	27.11%	23.12%	15.99%	23.92%	19.37%	22.57%	19.68%	18.98%
Tax Burden Percent	396.97%	162.45%	21.38%	83.85%	94.25%	88.63%	94.09%	79.72%	87.84%	78.21%	75.10%
Interest Burden Percent	25.61%	48.09%	72.97%	80.59%	71.29%	68.50%	78.52%	76.31%	78.23%	78.84%	80.59%
Effective Tax Rate	0.00%	0.00%	78.62%	16.15%	5.75%	11.37%	5.91%	20.28%	12.16%	21.79%	24.95%
Return on Invested Capital (ROIC)	76.87%	52.80%	12.34%	72.53%	57.07%	47.40%	89.62%	69.81%	74.96%	63.77%	55.64%
ROIC Less NNEP Spread (ROIC-NNEP)	77.69%	44.41%	11.17%	68.61%	52.37%	43.43%	85.41%	66.05%	70.99%	60.10%	52.24%
Return on Net Nonoperating Assets (RNNOA)	307.52%	-146.98%	-16.60%	-94.15%	-73.31%	-58.77%	-108.99%	-85.17%	-94.04%	-82.94%	-76.46%
Return on Equity (ROE)	384.39%	-94.18%	-4.25%	-21.63%	-16.23%	-11.37%	-19.37%	-15.36%	-19.09%	-19.17%	-20.82%
Cash Return on Invested Capital (CROIC)	47.29%	127.72%	43.37%	57.19%	36.43%	97.65%	77.02%	60.96%	66.97%	55.49%	32.42%
Operating Return on Assets (OROA)	59.68%	41.39%	30.25%	48.34%	41.15%	26.87%	36.08%	36.88%	38.49%	37.20%	34.52%
Return on Assets (ROA)	60.68%	32.34%	4.72%	32.67%	27.65%	16.31%	26.65%	22.43%	26.45%	22.94%	20.89%
Return on Common Equity (ROCE)	365.08%	-95.48%	-4.25%	-21.63%	-16.23%	-11.37%	-19.37%	-15.36%	-19.09%	-19.17%	-20.82%
Return on Equity Simple (ROE_SIMPLE)	545.99%	-38.91%	-4.01%	0.00%	-16.14%	-11.46%	-18.81%	-14.93%	-20.32%	-19.43%	0.00%
Net Operating Profit after Tax (NOPAT)	4,932	2,829	358	1,925	1,819	1,332	2,013	1,744	2,036	1,879	1,932
NOPAT Margin	76.85%	44.51%	6.09%	33.85%	32.50%	23.57%	30.57%	25.48%	28.78%	24.90%	23.52%
Net Nonoperating Expense Percent (NNEP)	-0.82%	8.39%	1.17%	3.92%	4.70%	3.98%	4.22%	3.76%	3.96%	3.68%	3.40%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	58.61%	61.02%	51.00%	42.13%
Cost of Revenue to Revenue	0.00%	58.06%	50.26%	28.73%	25.28%	29.21%	27.98%	27.30%	26.81%	29.86%	31.93%
SG&A Expenses to Revenue	22.80%	0.00%	17.00%	15.73%	16.38%	18.83%	16.10%	16.66%	16.86%	15.64%	15.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.15%	-2.56%	21.25%	30.91%	40.24%	44.20%	39.54%	40.73%	40.43%	38.31%	36.71%
Earnings before Interest and Taxes (EBIT)	4,892	2,797	1,628	2,282	1,926	1,489	2,132	2,178	2,324	2,410	2,576
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5,530	3,417	1,881	2,419	2,038	1,635	2,296	2,324	2,477	2,585	2,782
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	21.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.00	3.20	4.16	4.57	5.01	5.43	5.90	5.07	5.07	4.98	5.14
Price to Earnings (P/E)	3.87	9.30	96.30	16.85	21.66	33.97	24.64	26.20	22.47	25.29	27.06
Dividend Yield	2.71%	0.00%	1.65%	1.73%	1.81%	1.85%	1.51%	1.85%	1.89%	2.00%	1.89%
Earnings Yield	25.82%	10.75%	1.04%	5.94%	4.62%	2.94%	4.06%	3.82%	4.45%	3.95%	3.70%
Enterprise Value to Invested Capital (EV/IC)	3.17	8.74	13.56	12.86	11.25	19.35	20.77	17.72	16.48	15.74	13.78
Enterprise Value to Revenue (EV/Rev)	3.64	4.61	5.66	6.46	7.07	7.20	7.53	6.75	6.58	6.40	6.50
Enterprise Value to EBITDA (EV/EBITDA)	4.23	8.57	17.67	15.20	19.41	24.90	21.59	19.88	18.80	18.68	19.19
Enterprise Value to EBIT (EV/EBIT)	4.78	10.47	20.42	16.11	20.54	27.34	23.25	21.21	20.04	20.04	20.72
Enterprise Value to NOPAT (EV/NOPAT)	4.74	10.35	92.83	19.10	21.75	30.56	24.63	26.50	22.87	25.70	27.63
Enterprise Value to Operating Cash Flow (EV/OCF)	10.67	14.10	32.28	31.26	30.09	31.19	29.06	32.38	29.05	28.59	26.56
Enterprise Value to Free Cash Flow (EV/FCFF)	7.70	4.28	26.43	24.22	34.08	14.83	28.66	30.35	25.60	29.53	47.42
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.01	-1.75	-1.66	-1.40	-1.51	-1.36	-1.34	-1.34	-1.42	-1.48	-1.63
Long-Term Debt to Equity	4.07	-1.74	-1.60	-1.36	-1.46	-1.30	-1.34	-1.29	-1.42	-1.48	-1.62
Financial Leverage	3.96	-3.31	-1.49	-1.37	-1.40	-1.35	-1.28	-1.29	-1.32	-1.38	-1.46
Leverage Ratio	6.34	-2.91	-0.90	-0.66	-0.59	-0.70	-0.73	-0.68	-0.72	-0.84	-1.00
Compound Leverage Factor	1.62	-1.40	-0.66	-0.53	-0.42	-0.48	-0.57	-0.52	-0.56	-0.66	-0.80
Debt to Total Capital	83.36%	233.28%	251.75%	351.62%	294.52%	378.44%	391.44%	398.35%	335.48%	307.54%	259.76%
Short-Term Debt to Total Capital	15.71%	1.57%	8.98%	10.19%	10.46%	15.98%	2.37%	13.38%	1.59%	0.73%	0.83%
Long-Term Debt to Total Capital	67.65%	231.71%	242.76%	341.43%	284.06%	362.46%	389.07%	384.97%	333.89%	306.81%	258.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	15.54%	-133.28%	-151.75%	-251.62%	-194.52%	-278.44%	-291.44%	-298.35%	-235.48%	-207.54%	-159.76%
Debt to EBITDA	0.88	2.88	5.59	4.58	5.96	6.56	4.90	5.10	4.52	4.38	4.28
Net Debt to EBITDA	0.73	2.62	4.67	4.46	5.66	6.11	4.69	4.94	4.31	4.15	4.03
Long-Term Debt to EBITDA	0.72	2.86	5.39	4.45	5.74	6.28	4.87	4.93	4.50	4.37	4.27
Debt to NOPAT	0.99	3.47	29.34	5.75	6.67	8.05	5.59	6.80	5.50	6.03	6.17
Net Debt to NOPAT	0.82	3.17	24.53	5.60	6.34	7.50	5.35	6.59	5.25	5.70	5.80
Long-Term Debt to NOPAT	0.80	3.45	28.29	5.59	6.44	7.71	5.55	6.57	5.47	6.02	6.15
Altman Z-Score	4.42	2.68	2.01	1.89	1.51	1.36	2.04	1.77	2.25	2.47	2.55
Noncontrolling Interest Sharing Ratio	5.02%	-1.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.55	1.15	1.66	0.93	0.99	1.01	1.08	0.97	1.26	1.47	1.35
Quick Ratio	0.36	0.84	1.27	0.66	0.77	0.75	0.76	0.61	0.98	1.10	1.02
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,034	6,843	1,258	1,518	1,161	2,744	1,730	1,523	1,819	1,635	1,126
Operating Cash Flow to CapEx	495.70%	486.42%	323.90%	502.56%	670.92%	815.63%	741.74%	511.47%	562.46%	657.20%	541.78%
Free Cash Flow to Firm to Interest Expense	11.03	11.15	2.83	3.36	2.39	5.05	3.18	2.89	3.55	3.34	2.25
Operating Cash Flow to Interest Expense	7.97	3.38	2.31	2.60	2.71	2.40	3.14	2.71	3.12	3.45	4.01
Operating Cash Flow Less CapEx to Interest Expense	6.36	2.69	1.60	2.08	2.30	2.11	2.71	2.18	2.57	2.93	3.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.94	1.09	1.21	1.20	1.02	1.11	1.16	1.17	1.17	1.10
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	27.74	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.48	2.02	3.17	4.02	4.65	4.70	5.39	5.75	5.98	6.04	5.65
Accounts Payable Turnover	0.00	2.42	3.14	1.90	1.51	1.54	1.46	1.45	1.57	1.89	1.98
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	13.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	151.00	116.15	192.55	241.31	237.55	249.97	252.55	232.82	192.70	183.96
Cash Conversion Cycle (CCC)	0.00	-137.84	-116.15	-192.55	-241.31	-237.55	-249.97	-252.55	-232.82	-192.70	-183.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,365	3,351	2,451	2,858	3,516	2,104	2,387	2,608	2,825	3,069	3,875
Invested Capital Turnover	1.00	1.19	2.03	2.14	1.76	2.01	2.93	2.74	2.60	2.56	2.37
Increase / (Decrease) in Invested Capital	1,898	-4,014	-900	407	658	-1,412	283	221	217	244	806
Enterprise Value (EV)	23,373	29,287	33,246	36,764	39,565	40,708	49,573	46,205	46,568	48,296	53,381
Market Capitalization	19,263	20,321	24,461	25,980	28,033	30,713	38,813	34,721	35,885	37,579	42,180
Book Value per Share	$2.11	$0.00	($18.80)	($25.38)	($26.50)	($26.16)	($28.56)	($31.51)	($28.03)	($27.41)	($26.38)
Tangible Book Value per Share	($0.04)	$0.00	($20.95)	($27.84)	($29.06)	($29.27)	($32.03)	($35.03)	($31.67)	($31.53)	($33.15)
Total Capital	5,861	4,213	4,174	3,150	4,121	2,834	2,873	2,975	3,337	3,685	4,585
Total Debt	4,886	9,828	10,508	11,076	12,137	10,725	11,246	11,851	11,195	11,333	11,910
Total Long-Term Debt	3,965	9,762	10,133	10,755	11,706	10,272	11,178	11,453	11,142	11,306	11,872
Net Debt	4,046	8,966	8,785	10,784	11,532	9,995	10,760	11,484	10,683	10,717	11,201
Capital Expenditures (CapEx)	442	427	318	234	196	160	230	279	285	257	371
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,319	-597	-353	-65	-188	-263	-301	-25	-127	13	-147
Debt-free Net Working Capital (DFNWC)	-479	265	1,370	227	417	467	185	342	385	629	562
Net Working Capital (NWC)	-1,400	199	995	-94	-14	14	117	-56	332	602	524
Net Nonoperating Expense (NNE)	-42	644	104	383	525	428	438	419	439	393	373
Net Nonoperating Obligations (NNO)	6,390	8,966	8,785	10,784	11,532	9,995	10,760	11,484	10,683	10,717	11,200
Total Depreciation and Amortization (D&A)	638	620	253	137	112	146	164	146	153	175	206
Debt-free, Cash-free Net Working Capital to Revenue	-20.55%	-9.39%	-6.01%	-1.14%	-3.36%	-4.65%	-4.57%	-0.37%	-1.79%	0.17%	-1.79%
Debt-free Net Working Capital to Revenue	-7.46%	4.17%	23.31%	3.99%	7.45%	8.26%	2.81%	5.00%	5.44%	8.33%	6.84%
Net Working Capital to Revenue	-21.81%	3.13%	16.93%	-1.65%	-0.25%	0.25%	1.78%	-0.82%	4.69%	7.97%	6.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.13	$4.11	$3.86	$9.60	$4.23	$2.99	$5.30	$4.63	$5.68	$5.28	$5.59
Adjusted Weighted Average Basic Shares Outstanding	570.89M	353.84M	332.51M	306.41M	300.82M	300.06M	288.98M	280.11M	281.34M	279.10M	276.43M
Adjusted Diluted Earnings per Share	$2.09	$4.04	$3.77	$9.38	$4.14	$2.94	$5.21	$4.57	$5.59	$5.22	$5.55
Adjusted Weighted Average Diluted Shares Outstanding	570.89M	353.84M	332.51M	306.41M	300.82M	300.06M	288.98M	280.11M	281.34M	279.10M	276.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$4.23	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	570.89M	353.84M	332.51M	306.41M	300.82M	300.06M	288.98M	280.11M	281.34M	279.10M	276.43M
Normalized Net Operating Profit after Tax (NOPAT)	3,469	1,866	1,175	1,472	1,784	1,302	1,980	1,722	2,011	1,853	1,896
Normalized NOPAT Margin	54.04%	29.36%	19.98%	25.89%	31.88%	23.04%	30.07%	25.17%	28.42%	24.54%	23.08%
Pre Tax Income Margin	19.52%	21.16%	20.21%	32.33%	24.53%	18.05%	25.43%	24.29%	25.69%	25.17%	25.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	17.79	4.56	3.66	5.05	3.96	2.74	3.92	4.13	4.53	4.93	5.14
NOPAT to Interest Expense	17.93	4.61	0.80	4.26	3.74	2.45	3.70	3.31	3.97	3.84	3.86
EBIT Less CapEx to Interest Expense	16.18	3.86	2.94	4.53	3.56	2.45	3.50	3.60	3.97	4.40	4.40
NOPAT Less CapEx to Interest Expense	16.33	3.91	0.09	3.74	3.34	2.16	3.28	2.78	3.41	3.32	3.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	14.68%	34.05%	163.78%	29.96%	39.49%	62.61%	37.59%	48.98%	42.45%	50.61%	50.61%
Augmented Payout Ratio	38.80%	281.33%	935.43%	184.95%	102.47%	89.05%	138.60%	139.55%	45.59%	80.28%	86.02%

This table displays calculated financial ratios and metrics derived from Yum! Brands' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	276,430,130.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	276,430,130.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.56
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.15%	0.84%	-2.86%	4.51%	6.91%	16.01%	11.83%	9.64%	8.38%	6.48%	15.22%
EBITDA Growth	13.00%	7.33%	0.54%	6.05%	1.99%	8.35%	6.46%	2.77%	7.52%	13.03%	18.72%
EBIT Growth	13.05%	6.64%	-0.57%	5.92%	0.98%	8.03%	4.98%	2.47%	7.09%	12.29%	17.52%
NOPAT Growth	24.90%	21.01%	0.81%	-8.71%	-6.72%	-13.39%	-24.19%	1.98%	3.76%	23.32%	66.83%
Net Income Growth	25.68%	24.80%	4.67%	-12.20%	-8.17%	-8.64%	-19.43%	1.91%	3.93%	26.48%	70.75%
EPS Growth	28.07%	24.62%	4.76%	-12.33%	-7.53%	-8.02%	-18.18%	3.91%	4.44%	28.19%	72.22%
Operating Cash Flow Growth	5.30%	-0.89%	4.01%	3.95%	-1.26%	14.51%	11.29%	30.41%	15.29%	20.27%	2.97%
Free Cash Flow Firm Growth	181.77%	38.94%	-22.30%	-94.88%	-80.99%	-27.73%	-42.22%	2,416.58%	519.92%	-155.57%	-417.48%
Invested Capital Growth	1.59%	8.32%	5.95%	16.14%	14.30%	8.64%	6.01%	-3.13%	-1.86%	26.26%	35.12%
Revenue Q/Q Growth	1.24%	19.20%	-21.51%	10.33%	3.57%	29.35%	-24.34%	8.17%	2.38%	27.08%	-18.13%
EBITDA Q/Q Growth	6.54%	1.07%	-15.48%	16.52%	2.47%	7.37%	-16.95%	12.48%	7.20%	12.87%	-12.76%
EBIT Q/Q Growth	7.14%	-0.81%	-14.43%	16.48%	2.14%	6.12%	-16.84%	13.69%	6.74%	11.28%	-12.97%
NOPAT Q/Q Growth	0.78%	20.34%	-29.85%	7.30%	2.97%	11.74%	-38.60%	44.35%	4.76%	32.81%	-16.94%
Net Income Q/Q Growth	-0.48%	11.30%	-32.18%	16.88%	4.09%	10.73%	-40.19%	47.83%	6.15%	34.76%	-19.25%
EPS Q/Q Growth	0.00%	10.96%	-32.10%	16.36%	5.47%	10.37%	-39.60%	47.78%	6.02%	35.46%	-18.85%
Operating Cash Flow Q/Q Growth	44.98%	-6.08%	-18.97%	-5.79%	37.72%	8.92%	-21.25%	10.40%	21.75%	13.63%	-32.58%
Free Cash Flow Firm Q/Q Growth	5.68%	-15.61%	-30.81%	-91.70%	292.45%	220.73%	-44.69%	261.44%	-3.33%	-128.75%	-216.02%
Invested Capital Q/Q Growth	-0.59%	5.45%	-1.59%	12.59%	-2.17%	0.23%	-3.98%	2.88%	-0.89%	28.95%	2.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	73.77%	72.35%	73.03%	72.04%	69.39%	67.36%	69.00%	69.01%	68.57%	66.28%	67.12%
EBITDA Margin	38.17%	32.37%	34.86%	36.81%	36.42%	30.23%	33.18%	34.51%	36.13%	32.09%	34.19%
Operating Margin	35.89%	29.91%	32.54%	34.43%	33.90%	27.82%	30.67%	32.18%	33.65%	29.34%	31.28%
EBIT Margin	36.01%	29.96%	32.67%	34.49%	34.01%	27.90%	30.67%	32.23%	33.60%	29.42%	31.28%
Profit (Net Income) Margin	24.36%	22.74%	19.65%	20.82%	20.92%	17.91%	14.16%	19.35%	20.06%	21.27%	20.98%
Tax Burden Percent	82.38%	99.78%	81.98%	75.36%	76.10%	80.11%	58.97%	74.80%	73.38%	88.28%	83.72%
Interest Burden Percent	82.11%	76.07%	73.37%	80.10%	80.84%	80.12%	78.28%	80.26%	81.35%	81.89%	80.12%
Effective Tax Rate	17.62%	0.22%	18.02%	24.64%	23.90%	19.89%	41.03%	25.00%	26.62%	12.05%	16.28%
Return on Invested Capital (ROIC)	78.52%	77.75%	69.40%	63.30%	64.91%	57.08%	48.87%	61.94%	65.62%	61.06%	64.14%
ROIC Less NNEP Spread (ROIC-NNEP)	77.71%	76.44%	68.38%	62.47%	64.09%	56.12%	48.21%	61.08%	64.76%	60.02%	63.17%
Return on Net Nonoperating Assets (RNNOA)	-102.40%	-101.26%	-90.73%	-85.12%	-87.28%	-77.45%	-65.96%	-85.67%	-90.65%	-87.85%	-92.18%
Return on Equity (ROE)	-23.88%	-23.51%	-21.33%	-21.82%	-22.37%	-20.36%	-17.09%	-23.72%	-25.02%	-26.79%	-28.04%
Cash Return on Invested Capital (CROIC)	71.13%	66.97%	69.65%	53.48%	54.85%	55.49%	56.34%	61.25%	61.44%	32.42%	32.01%
Operating Return on Assets (OROA)	42.90%	35.11%	38.35%	40.03%	39.20%	32.51%	36.84%	38.29%	39.68%	32.39%	35.70%
Return on Assets (ROA)	29.02%	26.65%	23.07%	24.16%	24.12%	20.87%	17.01%	22.99%	23.69%	23.42%	23.95%
Return on Common Equity (ROCE)	-23.88%	-23.51%	-21.33%	-21.82%	-22.37%	-20.36%	-17.09%	-23.72%	-25.02%	-26.79%	-28.04%
Return on Equity Simple (ROE_SIMPLE)	-18.38%	0.00%	-20.77%	-20.45%	-19.89%	0.00%	-18.26%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	505	608	426	457	471	526	323	467	489	649	539
NOPAT Margin	29.56%	29.85%	26.68%	25.95%	25.80%	22.28%	18.09%	24.13%	24.70%	25.81%	26.19%
Net Nonoperating Expense Percent (NNEP)	0.81%	1.31%	1.02%	0.83%	0.82%	0.97%	0.66%	0.86%	0.86%	1.04%	0.97%
Return On Investment Capital (ROIC_SIMPLE)	-	18.21%	-	-	-	14.28%	9.10%	12.58%	12.07%	14.16%	11.54%
Cost of Revenue to Revenue	26.23%	27.65%	26.97%	27.96%	30.61%	32.64%	31.00%	30.99%	31.43%	33.72%	32.88%
SG&A Expenses to Revenue	15.63%	17.34%	17.90%	15.94%	14.40%	14.86%	16.90%	15.62%	14.25%	14.95%	15.64%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	37.88%	42.44%	40.49%	37.61%	35.49%	39.54%	38.33%	36.83%	34.92%	36.86%	35.89%
Earnings before Interest and Taxes (EBIT)	615	610	522	608	621	659	548	623	665	740	644
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	652	659	557	649	665	714	593	667	715	807	704
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.86	5.07	5.50	5.22	5.42	4.98	5.70	5.25	5.28	5.14	5.13
Price to Earnings (P/E)	22.80	22.47	23.99	23.78	25.64	25.29	30.93	28.98	29.42	27.06	25.06
Dividend Yield	1.95%	1.89%	1.80%	1.93%	1.87%	2.00%	1.73%	1.86%	1.84%	1.89%	1.85%
Earnings Yield	4.39%	4.45%	4.17%	4.20%	3.90%	3.95%	3.23%	3.45%	3.40%	3.70%	3.99%
Enterprise Value to Invested Capital (EV/IC)	16.87	16.48	17.69	15.29	16.29	15.74	18.60	17.22	17.67	13.78	13.77
Enterprise Value to Revenue (EV/Rev)	6.40	6.58	7.00	6.74	6.90	6.40	7.09	6.60	6.59	6.50	6.46
Enterprise Value to EBITDA (EV/EBITDA)	18.58	18.80	19.83	19.02	19.71	18.68	20.92	19.79	19.74	19.19	18.95
Enterprise Value to EBIT (EV/EBIT)	19.77	20.04	21.19	20.32	21.12	20.04	22.51	21.30	21.28	20.72	20.52
Enterprise Value to NOPAT (EV/NOPAT)	23.38	22.87	24.13	24.02	25.48	25.70	30.80	29.18	29.38	27.63	25.57
Enterprise Value to Operating Cash Flow (EV/OCF)	28.12	29.05	30.42	29.36	30.71	28.59	31.69	28.47	27.85	26.56	27.11
Enterprise Value to Free Cash Flow (EV/FCFF)	23.90	25.60	26.13	30.73	31.68	29.53	33.99	27.67	28.48	47.42	49.42
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.41	-1.42	-1.44	-1.46	-1.46	-1.48	-1.46	-1.48	-1.54	-1.63	-1.64
Long-Term Debt to Equity	-1.36	-1.42	-1.44	-1.46	-1.46	-1.48	-1.45	-1.36	-1.53	-1.62	-1.40
Financial Leverage	-1.32	-1.32	-1.33	-1.36	-1.36	-1.38	-1.37	-1.40	-1.40	-1.46	-1.46
Leverage Ratio	-0.71	-0.72	-0.72	-0.76	-0.79	-0.84	-0.83	-0.87	-0.90	-1.00	-0.99
Compound Leverage Factor	-0.58	-0.55	-0.53	-0.61	-0.64	-0.67	-0.65	-0.70	-0.73	-0.82	-0.79
Debt to Total Capital	345.58%	335.48%	325.99%	315.90%	318.07%	307.54%	319.65%	307.06%	285.35%	259.76%	255.92%
Short-Term Debt to Total Capital	11.18%	1.59%	1.69%	0.68%	0.68%	0.73%	0.84%	26.18%	1.19%	0.83%	37.27%
Long-Term Debt to Total Capital	334.39%	333.89%	324.30%	315.22%	317.39%	306.81%	318.80%	280.88%	284.17%	258.93%	218.65%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-245.58%	-235.48%	-225.99%	-215.90%	-218.07%	-207.54%	-219.67%	-207.06%	-185.35%	-159.76%	-155.92%
Debt to EBITDA	4.74	4.52	4.51	4.44	4.42	4.38	4.33	4.32	4.30	4.28	4.13
Net Debt to EBITDA	4.47	4.31	4.25	4.27	4.24	4.15	4.10	4.06	3.91	4.03	3.89
Long-Term Debt to EBITDA	4.59	4.50	4.49	4.43	4.41	4.37	4.32	3.95	4.28	4.27	3.53
Debt to NOPAT	5.96	5.50	5.49	5.60	5.72	6.03	6.38	6.37	6.39	6.17	5.58
Net Debt to NOPAT	5.62	5.25	5.17	5.40	5.48	5.70	6.04	5.99	5.82	5.80	5.25
Long-Term Debt to NOPAT	5.77	5.47	5.46	5.59	5.71	6.02	6.36	5.82	6.37	6.15	4.76
Altman Z-Score	1.16	1.34	1.49	1.50	1.58	1.61	1.79	1.59	1.92	1.81	1.63
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.01%	0.00%	0.00%	0.00%	-0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.13	1.26	1.49	1.44	1.37	1.47	1.40	0.82	1.69	1.35	0.65
Quick Ratio	0.87	0.98	1.13	0.98	0.98	1.10	1.07	0.64	1.38	1.02	0.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	463	391	270	22	88	282	156	565	546	-157	-496
Operating Cash Flow to CapEx	1,538.71%	422.64%	955.26%	1,103.23%	1,385.29%	483.96%	721.43%	825.93%	743.84%	457.04%	554.67%
Free Cash Flow to Firm to Interest Expense	3.67	2.96	2.31	0.19	0.73	2.16	1.30	4.59	4.40	-1.17	-3.87
Operating Cash Flow to Interest Expense	3.79	3.39	3.10	2.83	3.93	3.92	3.37	3.63	4.38	4.60	3.25
Operating Cash Flow Less CapEx to Interest Expense	3.54	2.59	2.78	2.57	3.64	3.11	2.90	3.19	3.79	3.60	2.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.19	1.17	1.17	1.16	1.15	1.17	1.20	1.19	1.18	1.10	1.14
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.22	5.98	5.98	5.84	5.88	6.04	6.12	5.96	5.92	5.65	5.73
Accounts Payable Turnover	1.67	1.57	1.70	1.79	1.81	1.89	2.09	2.14	2.16	1.98	2.21
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	219.21	232.82	214.77	203.82	201.32	192.70	174.59	170.59	168.81	183.96	165.50
Cash Conversion Cycle (CCC)	-219.21	-232.82	-214.77	-203.82	-201.32	-192.70	-174.59	-170.59	-168.81	-183.96	-165.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,679	2,825	2,780	3,130	3,062	3,069	2,947	3,032	3,005	3,875	3,982
Invested Capital Turnover	2.66	2.60	2.60	2.44	2.52	2.56	2.70	2.57	2.66	2.37	2.45
Increase / (Decrease) in Invested Capital	42	217	156	435	383	244	167	-98	-57	806	1,035
Enterprise Value (EV)	45,187	46,568	49,183	47,863	49,870	48,296	54,828	52,218	53,085	53,381	54,816
Market Capitalization	34,318	35,885	38,647	37,103	39,134	37,579	44,078	41,506	42,576	42,180	43,551
Book Value per Share	($29.23)	($28.03)	($27.54)	($27.09)	($27.29)	($27.41)	($27.96)	($27.63)	($27.04)	($26.38)	($26.35)
Tangible Book Value per Share	($32.82)	($31.67)	($31.13)	($31.12)	($31.39)	($31.53)	($32.14)	($32.11)	($31.51)	($33.15)	($33.11)
Total Capital	3,335	3,337	3,432	3,534	3,519	3,685	3,553	3,709	4,049	4,585	4,671
Total Debt	11,525	11,195	11,188	11,164	11,193	11,333	11,357	11,389	11,554	11,910	11,954
Total Long-Term Debt	11,152	11,142	11,130	11,140	11,169	11,306	11,327	10,418	11,506	11,872	10,213
Net Debt	10,869	10,683	10,536	10,760	10,736	10,717	10,750	10,712	10,509	11,201	11,265
Capital Expenditures (CapEx)	31	106	38	31	34	106	56	54	73	135	75
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-82	-127	-8.00	119	6.00	13	-81	-109	-94	-147	-36
Debt-free Net Working Capital (DFNWC)	574	385	644	523	463	629	526	568	951	562	653
Net Working Capital (NWC)	201	332	586	499	439	602	496	-403	903	524	-1,088
Net Nonoperating Expense (NNE)	89	145	112	90	89	103	70	93	92	114	107
Net Nonoperating Obligations (NNO)	10,869	10,683	10,536	10,760	10,736	10,717	10,751	10,712	10,510	11,200	11,265
Total Depreciation and Amortization (D&A)	37	49	35	41	44	55	45	44	50	67	60
Debt-free, Cash-free Net Working Capital to Revenue	-1.16%	-1.79%	-0.11%	1.67%	0.08%	0.17%	-1.05%	-1.38%	-1.17%	-1.79%	-0.42%
Debt-free Net Working Capital to Revenue	8.13%	5.44%	9.16%	7.36%	6.41%	8.33%	6.80%	7.18%	11.80%	6.84%	7.70%
Net Working Capital to Revenue	2.85%	4.69%	8.34%	7.02%	6.08%	7.97%	6.41%	-5.10%	11.20%	6.38%	-12.82%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.48	$1.64	$1.11	$1.30	$1.36	$1.51	$0.91	$1.34	$1.42	$1.92	$1.56
Adjusted Weighted Average Basic Shares Outstanding	280.31M	281.34M	281.63M	281.17M	279.07M	279.10M	277.96M	277.54M	277.65M	276.43M	275.62M
Adjusted Diluted Earnings per Share	$1.46	$1.62	$1.10	$1.28	$1.35	$1.49	$0.90	$1.33	$1.41	$1.91	$1.55
Adjusted Weighted Average Diluted Shares Outstanding	280.31M	281.34M	281.63M	281.17M	279.07M	279.10M	277.96M	277.54M	277.65M	276.43M	275.62M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	280.31M	281.34M	281.63M	281.17M	279.07M	279.10M	277.96M	277.54M	277.65M	276.43M	275.62M
Normalized Net Operating Profit after Tax (NOPAT)	489	619	422	447	462	524	320	458	476	636	539
Normalized NOPAT Margin	28.65%	30.39%	26.42%	25.35%	25.30%	22.18%	17.92%	23.71%	24.07%	25.28%	26.19%
Pre Tax Income Margin	29.57%	22.79%	23.97%	27.62%	27.49%	22.35%	24.01%	25.87%	27.34%	24.10%	25.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.88	4.62	4.46	5.02	5.18	5.03	4.57	5.07	5.36	5.52	5.03
NOPAT to Interest Expense	4.01	4.60	3.64	3.78	3.93	4.02	2.69	3.79	3.94	4.84	4.21
EBIT Less CapEx to Interest Expense	4.63	3.82	4.14	4.77	4.89	4.22	4.10	4.63	4.77	4.51	4.45
NOPAT Less CapEx to Interest Expense	3.76	3.80	3.32	3.52	3.64	3.21	2.23	3.35	3.35	3.84	3.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	44.39%	42.45%	43.33%	45.90%	48.17%	50.61%	53.40%	53.77%	53.84%	50.61%	45.91%
Augmented Payout Ratio	80.00%	45.59%	43.33%	49.10%	69.59%	80.28%	100.42%	104.68%	87.56%	86.02%	75.14%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for Yum! Brands (NYSE: YUM) based on the latest four years of quarterly statements. The focus is on revenue, profitability, cash flow, and leverage trends that may interest retail investors.

Revenue growth: Q4 2025 operating revenue reached $2.515B, up from $2.362B in Q4 2024 and $2.019B in Q4 2022, signaling continued top-line expansion.
Gross margin strength: Total Gross Profit rose to $1.667B in Q4 2025, supporting an improving gross margin versus the prior year.
Operating profitability improving: Operating Income climbed to $738M in Q4 2025 from $657M in Q4 2024, indicating stronger profitability from core operations.
Earnings growth: Net Income Attributable to Common Shareholders was $535M in Q4 2025, with diluted EPS of $1.91, up from $423M and $1.41 per share in the year-ago quarter.
Robust operating cash flow: Net Cash From Continuing Operating Activities was $617M in Q4 2025, up from $513M in the prior-year period, signaling solid cash generation.
Share count decline supports per-share upside: Weighted-average basic/diluted shares fell to about 276.43 million in Q4 2025 from about 277.96 million in Q4 2024, helping EPS stay elevated.
Moderate capital spending: Capital expenditures were around $135M in Q4 2025, allowing continued investment without a heavy drag on cash flow.
Net cash from financing activities: In Q4 2025, net cash from financing activities was negative (about $102M), reflecting ongoing debt management, buybacks, and dividends as part of capital allocation.
Elevated leverage risk: Balance sheets in several periods show substantial liabilities relative to assets, indicating high leverage and a potential risk if financing costs rise.

05/09/26 10:56 AM ETAI Generated. May Contain Errors.

Yum! Brands Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Yum! Brands' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Yum! Brands' net income appears to be on a downward trend, with a most recent value of $1.56 billion in 2025, falling from $4.97 billion in 2015. The previous period was $1.49 billion in 2024. Find out what analysts predict for Yum! Brands in the coming months.

Yum! Brands' total operating income in 2025 was $2.57 billion, based on the following breakdown:

Total Gross Profit: $5.59 billion
Total Operating Expenses: $3.02 billion

Over the last 10 years, Yum! Brands' total revenue changed from $6.42 billion in 2015 to $8.21 billion in 2025, a change of 28.0%.

Yum! Brands' total liabilities were at $15.52 billion at the end of 2025, a 8.0% increase from 2024, and a 119.0% increase since 2015.

In the past 10 years, Yum! Brands' cash and equivalents has ranged from $292 million in 2018 to $1.52 billion in 2017, and is currently $709 million as of their latest financial filing in 2025.

Over the last 10 years, Yum! Brands' book value per share changed from 2.11 in 2015 to -26.38 in 2025, a change of -1,348.8%.

Related Companies

Financial statements for NYSE:YUM last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Yum! Brands (YUM) Financials

Financials Breakdown Chart

Key Financial Trends

Yum! Brands Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Yum! Brands (YUM) Financials

Annual Income Statements for Yum! Brands

Quarterly Income Statements for Yum! Brands

Annual Cash Flow Statements for Yum! Brands

Quarterly Cash Flow Statements for Yum! Brands

Annual Balance Sheets for Yum! Brands

Quarterly Balance Sheets for Yum! Brands

Annual Metrics And Ratios for Yum! Brands

Quarterly Metrics And Ratios for Yum! Brands

Financials Breakdown Chart

Key Financial Trends

Yum! Brands Financials - Frequently Asked Questions

When does Yum! Brands' fiscal year end?

How has Yum! Brands' net income changed over the last 10 years?

What is Yum! Brands' operating income?

How has Yum! Brands' revenue changed over the last 10 years?

How much debt does Yum! Brands have?

How much cash does Yum! Brands have?

How has Yum! Brands' book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools