McDonald's vs Yum China
McDonald's reported revenue of $26.9 billion in fiscal 2025, 2.3 times Yum China's $11.8 billion in fiscal 2025. McDonald's revenue grew 3.7% in its latest year, and Yum China's grew 4.4%. McDonald's had an operating margin of 46.1%, against 10.9% at Yum China. Free cash flow was $7.2 billion at McDonald's and $840 million at Yum China.
Side by side
| McDonald's | Yum China | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $26.9B | $11.8B |
| Revenue growth | 3.7% | 4.4% |
| Revenue growth a year, last 5 years | 7.0% | 7.4% |
| Gross margin | — | — |
| Operating margin | 46.1% | 10.9% |
| Net margin | 31.9% | 7.9% |
| Free cash flow | $7.2B | $840M |
| Free cash flow margin | 26.7% | 7.1% |
| Return on capital | 25.4% | — |
| Net debt to EBITDA | 3.3x | — |
| Dividends and buybacks | $7.2B | $1.5B |
| Change in diluted share count | −0.8% | −4.9% |
| Last close | $250.83 | $45.53 |
| P/E at the last close | 20.4× | 16.7× |
| Insider trades, last 12 months | sold $40.5 million | sold $10.8 million |
| Piotroski F-score | 6 of 8 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
McDonald'sYum China
Operating margin
Percent of revenue
McDonald'sYum China
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
McDonald'sYum China
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the McDonald's and Yum China pages.