Yum! Brands vs Yum China
Yum China reported revenue of $11.8 billion in fiscal 2025, 1.4 times Yum! Brands' $8.2 billion in fiscal 2025. Yum! Brands' revenue grew 8.8% in its latest year, and Yum China's grew 4.4%. Yum! Brands had an operating margin of 31.3%, against 10.9% at Yum China. Free cash flow was $1.6 billion at Yum! Brands and $840 million at Yum China.
Side by side
| Yum! Brands | Yum China | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $8.2B | $11.8B |
| Revenue growth | 8.8% | 4.4% |
| Revenue growth a year, last 5 years | 7.8% | 7.4% |
| Gross margin | 69.8% | — |
| Operating margin | 31.3% | 10.9% |
| Net margin | 19.0% | 7.9% |
| Free cash flow | $1.6B | $840M |
| Free cash flow margin | 19.9% | 7.1% |
| Return on capital | 54.8% | — |
| Net debt to EBITDA | 4.1x | — |
| Dividends and buybacks | $1.3B | $1.5B |
| Change in diluted share count | −1.4% | −4.9% |
| Last close | $149.47 | $45.53 |
| P/E at the last close | 18.8× | 16.7× |
| Insider trades, last 12 months | sold $13.2 million | sold $10.8 million |
| Piotroski F-score | 6 of 9 | — |
Amounts in each company's own currency, US$ 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
Yum! BrandsYum China
Operating margin
Percent of revenue
Yum! BrandsYum China
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Yum! BrandsYum 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 Yum! Brands and Yum China pages.