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YUM

Yum! Brands, Inc.

YUM

Yum! Brands, Inc. • NYSE
$153.21 ▼ -0.38% (-0.59)
Market Cap $42.54 B
52w High $163.30
52w Low $122.13
Dividend Yield 2.80%
P/E 29.87
Volume 923.32K
Outstanding Shares 277.63M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.826B ▼ $247M ▼ $382M ▲ 20.92% ▲ $1.35 ▲ $672M ▲
Q2-2025 $1.933B ▲ $283M ▼ $374M ▲ 19.348% ▲ $1.34 ▲ $666M ▲
Q1-2025 $1.787B ▼ $289M ▼ $253M ▼ 14.158% ▼ $0.9 ▼ $594M ▼
Q4-2024 $2.362B ▲ $392M ▲ $423M ▲ 17.909% ▼ $1.51 ▲ $714M ▲
Q3-2024 $1.826B $247M $382M 20.92% $1.36 $666M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.045B ▲ $7.193B ▲ $14.697B ▲ $-7.505B ▲
Q2-2025 $677M ▲ $6.917B ▲ $14.597B ▲ $-7.68B ▲
Q1-2025 $607M ▼ $6.659B ▼ $14.463B ▲ $-7.804B ▼
Q4-2024 $707M ▲ $6.727B ▲ $14.375B ▲ $-7.648B ▲
Q3-2024 $548M $6.461B $14.135B $-7.674B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $397M ▲ $543M ▲ $-78M ▲ $-81M ▲ $249M ▲ $449M ▲
Q2-2025 $375M ▲ $448M ▲ $-132M ▼ $-298M ▲ $-71M ▼ $377M ▲
Q1-2025 $253M ▼ $404M ▼ $2M ▲ $-443M ▼ $-23M ▼ $333M ▼
Q4-2024 $423M ▲ $513M ▲ $-130M ▼ $-172M ▲ $180M ▲ $407M ▼
Q3-2024 $382M $471M $-39M $-444M $4M $419M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
KFC Global Division
KFC Global Division
 $790.00M ▲$1.68Bn ▲$770.00M ▼$850.00M ▲
Pizza Hut Global Division
Pizza Hut Global Division
 $240.00M ▲$530.00M ▲$230.00M ▼$240.00M ▲
Taco Bell Global Division
Taco Bell Global Division
 $670.00M ▲$1.60Bn ▲$660.00M ▼$710.00M ▲
The Habit Burger Grill Global Division
The Habit Burger Grill Global Division
 $0 ▲$0 ▲$130.00M ▲$130.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Yum’s income statement shows a mature, steadily growing franchised restaurant business. Sales have climbed consistently over the past five years, and operating profit has risen alongside, suggesting good cost control and strong franchise royalty economics. Net income and earnings per share, however, move around a bit more than sales. Recent profits dipped slightly from the prior year despite higher revenue, hinting at pressure from items like interest costs, taxes, or one‑off factors. Overall profitability remains solid, but not perfectly smooth, which is typical for a global consumer brand exposed to currency swings and mixed regional trends.

Balance Sheet

Balance Sheet The balance sheet is clearly structured around an asset‑light, franchise‑heavy model. Reported assets are relatively modest, while debt is quite high and shareholder equity is sharply negative. Negative equity here appears to reflect years of debt‑funded shareholder returns and accounting, rather than an operational problem. Still, the high leverage means Yum depends on steady cash generation and access to credit markets. This structure amplifies financial risk if cash flows were to weaken for an extended period.

Cash Flow

Cash Flow Cash generation is a key strength. Operating cash flow has grown steadily over the last five years, and free cash flow has tracked upward with it. Capital spending is low and stable, consistent with a franchisor that lets franchisees fund most of the physical restaurant investment. This combination—strong, recurring cash inflows with modest reinvestment needs—supports the company’s ability to service its sizeable debt and fund dividends and buybacks. The main risk is that this model depends on franchisees remaining healthy and consumer demand staying resilient across regions.

Competitive Edge

Competitive Edge Yum holds a powerful competitive position built on three pillars: globally famous brands (KFC, Taco Bell, Pizza Hut), enormous international scale, and a nearly fully franchised model. These give it broad consumer recognition, purchasing power with suppliers, and an ability to grow with relatively low capital needs. Its footprint across many countries and emerging markets provides diversification and long‑term growth opportunities, but also exposes it to local competition, regulatory differences, and currency volatility. Intense competition from other quick‑service chains and delivery platforms remains a constant pressure, making brand relevance, value perception, and operational execution critical to maintaining its moat.

Innovation and R&D

Innovation and R&D Yum is leaning hard into technology and AI to strengthen its advantage. Its proprietary "Byte by Yum" ecosystem, AI‑driven inventory and kitchen tools, in‑house point‑of‑sale system, and manager "SuperApp" are all designed to make restaurants run faster, more accurately, and with better data‑driven decisions. On the customer side, Yum is pushing digital ordering, personalization, kiosks, and drive‑thru innovations, supported by partnerships such as its work with Nvidia on voice AI and computer vision. Product and format innovation—localized menus, buzz‑worthy limited items at Taco Bell, new KFC and Pizza Hut concepts—helps keep the brands culturally relevant. The main unknown is execution at scale: rolling out complex tech across tens of thousands of franchised locations is challenging and can take time to fully pay off.

Summary

Overall, Yum looks like a mature, brand‑rich, cash‑generative restaurant franchisor that has layered a heavy dose of technology and AI on top of a long‑standing global platform. The strengths are clear: resilient multi‑brand portfolio, worldwide diversification, strong unit economics, and robust free cash flow supported by an asset‑light, franchise‑focused structure. The main trade‑offs are high leverage on the balance sheet, dependence on franchisee health, and exposure to shifting consumer tastes and competitive intensity. If Yum can continue to execute its AI‑first strategy, keep its menus and formats fresh, and manage its debt prudently, it is positioned to remain a significant player in global quick‑service dining. The path forward will likely feature steady underlying growth, periodic regional volatility, and ongoing scrutiny of how well the technology investments translate into better margins and franchisee performance.

NEWS

November 20, 2025 · 4:30 PM UTC

Yum! Brands, Inc. Declares Quarterly Dividend of $0.71 Per Share

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November 17, 2025 · 12:30 PM UTC

KFC® Says Cluck Turkey and Get a Better Bird This Holiday Season with a $25 Extra Crispy Festive Feast* and Brand-New Gravy Flight**

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November 11, 2025 · 6:00 AM UTC

Pizza Hut Helps You Holiday Harder with the Return of the Iconic Triple Treat Box

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November 4, 2025 · 7:00 AM UTC

Yum! Brands Reports Third-Quarter Results

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November 4, 2025 · 6:50 AM UTC

Yum! Brands Inc. Initiates Review of Strategic Options for Pizza Hut to Maximize Shareholder Value and Help It Reach Its Full Potential

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