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YUMC

Yum China Holdings, Inc.

YUMC

Yum China Holdings, Inc. • NYSE
$48.14 ▼ -0.29% (-0.14)
Market Cap $17.40 B
52w High $53.99
52w Low $41.00
Dividend Yield 0.72%
P/E 19.98
Volume 894.32K
Outstanding Shares 361.42M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.206B ▲ $143M ▼ $282M ▲ 8.796% ▲ $0.77 ▲ $533M ▲
Q2-2025 $2.787B ▼ $172M ▼ $215M ▼ 7.714% ▼ $0.58 ▼ $425M ▼
Q1-2025 $2.981B ▲ $173M ▼ $292M ▲ 9.795% ▲ $0.78 ▲ $514M ▲
Q4-2024 $2.595B ▼ $205M ▲ $115M ▼ 4.432% ▼ $0.3 ▼ $289M ▼
Q3-2024 $3.071B $179M $297M 9.671% $0.77 $499M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.115B ▼ $11.034B ▲ $4.648B ▲ $5.692B ▼
Q2-2025 $2.155B ▲ $10.983B ▼ $4.514B ▼ $5.789B ▲
Q1-2025 $1.992B ▲ $11.002B ▼ $4.563B ▼ $5.784B ▲
Q4-2024 $1.844B ▼ $11.121B ▼ $4.694B ▼ $5.728B ▼
Q3-2024 $2.531B $11.801B $5.073B $6.016B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $282M ▲ $486.41M ▲ $-36.03M ▲ $-397.709M ▲ $56M ▲ $357.741M ▲
Q2-2025 $233M ▼ $412M ▼ $-218M ▼ $-429M ▼ $-233M ▼ $290M ▼
Q1-2025 $313M ▲ $452M ▲ $-72M ▲ $-280M ▲ $102M ▲ $315M ▲
Q4-2024 $126M ▼ $167M ▼ $-150M ▼ $-477M ▼ $-470M ▼ $-15M ▼
Q3-2024 $319M $409M $104M $-374M $150M $244M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Food And Non Food Revenues From Sales
Food And Non Food Revenues From Sales
 $4.96Bn ▲$2.80Bn ▼$2.61Bn ▼$3.00Bn ▲
Franchise Fees And Income
Franchise Fees And Income
 $40.00M ▲$30.00M ▼$20.00M ▼$30.00M ▲
Other Revenue
Other Revenue
 $70.00M ▲$200.00M ▲$200.00M ▲$260.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Yum China’s sales have grown steadily over the past five years, showing that demand for its brands in China is resilient despite economic swings and pandemic disruptions. Profitability dipped meaningfully during the heavy COVID control period but has since recovered to healthy levels, with operating profits and earnings now back near or above pre-disruption peaks. Margins look reasonably solid for a restaurant operator, helped by scale and digital efficiency, though the earnings pattern reminds you that this is still a cyclical, consumer-driven business exposed to shifts in traffic and costs.

Balance Sheet

Balance Sheet The balance sheet looks generally sound, with a solid base of shareholder equity and a moderate level of debt that does not appear excessive for a company of this size. Total assets and equity have edged down from earlier peaks, likely reflecting capital returned to shareholders, currency effects, and a more asset-light push. Cash on hand has come down recently, but not to worrying levels, especially given ongoing cash generation. Overall, financial leverage appears controlled, giving the company room to keep investing and managing through economic cycles, though the cushion is not unlimited if growth or margins were to weaken sharply.

Cash Flow

Cash Flow Cash generation from day-to-day operations has been consistently strong and has inched higher over time, showing that reported earnings are backed by real cash. The company is investing heavily in new stores and technology, but even after this significant capital spending it still produces a comfortable amount of free cash flow each year. This balance between robust investment and positive surplus cash supports both growth ambitions and shareholder returns, but it also means Yum China needs to keep execution tight to ensure these investments continue to pay off.

Competitive Edge

Competitive Edge Yum China holds a very strong competitive position: it runs a vast network of restaurants across China, has some of the country’s best-known Western food brands, and benefits from deep local knowledge built over decades. Its size brings purchasing power, marketing reach, and an efficient, technology-enabled supply chain that smaller rivals struggle to match. At the same time, competition in China’s foodservice market is intense, with nimble local chains, convenience stores, and delivery platforms all vying for consumer spending, so the company must keep refreshing its menus and experiences to protect its lead.

Innovation and R&D

Innovation and R&D Innovation is a clear hallmark of Yum China’s strategy. It has built powerful mobile apps, loyalty programs, and AI tools that streamline operations and personalize customer engagement, turning digital ordering into the core of its business. The company also invests heavily in localized menus, new store formats, and automation trials, aiming to fit deeply into Chinese dining habits while controlling costs. These efforts create differentiation and support its growth plan into smaller cities, but they also require ongoing spending and carry execution risk if consumer tastes or technology trends shift faster than expected.

Summary

Yum China combines solid financial performance with a strong strategic position in one of the world’s most competitive restaurant markets. Revenue and profits have recovered well from pandemic-related setbacks, cash generation is robust, and the balance sheet appears reasonably conservative, giving it room to pursue ambitious expansion. Its moat relies less on patents and more on scale, brand strength, localization, and a sophisticated digital ecosystem, all reinforced by continuous innovation. Key uncertainties center on China’s consumer environment, competitive pressures, and the challenge of executing large-scale expansion while maintaining profitability and brand relevance.

NEWS

November 16, 2025 · 11:30 PM UTC

Yum China Unveils "RGM 3.0" Strategy and Three‑Year Financial Outlook at 2025 Investor Day

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November 10, 2025 · 4:00 AM UTC

Yum China to Host Investor Day on November 17, 2025

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November 4, 2025 · 5:00 AM UTC

Yum China Reports Third Quarter 2025 Results

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October 22, 2025 · 5:00 AM UTC

Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend

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October 15, 2025 · 5:00 AM UTC

Yum China to Report Third Quarter 2025 Financial Results

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