— Know what they know.
/
Not Investment Advice

YUM

NYSE · USD
Yum! Brands, Inc.
Consumer Cyclical · Restaurants
CEO Christopher Lee Turner Employees 49,000 R&D / revenue 0.0%
Last price
$150.51−0.21%last session
Market cap
$41.1B
P/E (TTM)
18.8x
From 52w high
−11.5%
From 52w low
+12.1%
1-year return
+5.5%
RSI 14 · vs SMA200
65.5 · −1.9%
IS score
62.1/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

YUM   SPY   XLY (sector ETF) · weekly closes
100110Jan 26Apr 26Jul 26Oct 26SPY 116YUM 105XLY 97

Score DNA

Each bar is a 0-100 score within the scored universe
72
Profitability
76
Growth
49
Value
81
Momentum
50
Risk (safety)
66
Quality
30
Balance sheet
81
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for YUM (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 6 / 9Altman Z 2.4Beta 0.553 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
25 open-market sales, $4.9M
Form 144 notices (12m): 17, $24.4M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-03-27
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−5
135 new holders, 118 closed
1,440 filers hold 88.8% · 487 added, 499 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+175
1,153 funds adding shares
978 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
54.6%
20-day avg 54.9%, 50-day avg 57.6%
Latest 0.2 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$8.2B
Revenue growth YoY+8.8%
Gross margin46.2%
Operating income$2.5B
Operating margin30.8%
Net income$1.6B
Net margin19.0%
EPS (diluted)$5.56
Cash flow
Operating cash flow$2.0B
Capital expenditure$371.0M
Free cash flow$1.6B
FCF conversion (FCF / OCF)81.5%
Stock-based compensation$70.0M
FCF less SBC$1.6B
Buybacks$552.0M
Dividends$789.0M
Balance sheet & returns
Cash & short-term investments$709.0M
Total debt$11.9B
Net debt$11.2B
Shareholders' equity−$7.3B
Goodwill & intangibles$1.9B
Debt / equity-1.73
ROE (TTM)-30.3%
ROIC (TTM)37.5%
Operating margin by fiscal year
32.5%FY202132.0%FY202232.8%FY202331.8%FY202431.3%FY2025
Revenue $6.6B (FY2021) to $8.2B (FY2025), a 5.7% CAGR.

Valuation

P/E (TTM)18.8x
EV / EBITDA17.9x
Price / sales4.71x
Price / FCF24.5x
FCF yield4.09%
Buyback yield1.34%
SBC / revenue0.5%
Price / bookn/m
Forward P/E FY202623.1x
Forward P/E FY202721.0x
Forward P/E FY202818.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $168.71 across 7 analysts last quarter is theirs, not ours.

YUM vs industry median

128 companies in Restaurants
Gross margin 45.8% 28.0% Operating margin 31.0% 5.9% Net margin 25.4% 3.1% ROIC 37.5% 7.7%
YUM (TTM)Industry median Asset turnover 1.00 vs industry 1.05 · financial leverage -1.22

Earnings delivery

Next report 2026-11-03 · consensus EPS $1.53
58%
beat rate, 7 of 12 quarters
+0.7%
median EPS surprise
2
longest beat streak
+14+12-10-4+2-4+1+1-1+6-2+9
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-08-02 to 2026-04-29. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
YUM Yum! Brands, Inc. $41.1B18.8x-30.3%25.4%+8.8% +5.5%
CMG Chipotle Mexican Grill, Inc. $37.8B27.4x49.6%12.1%+7.3% −28.4%
QSR Restaurant Brands Internatio $26.1B18.2x35.5%20.1%+6.5% +10.9%
DRI Darden Restaurants, Inc. $24.5B21.0x55.1%7.3%+8.1% +15.4%
YUMC Yum China Holdings, Inc. $15.5B16.5x17.5%7.8%+8.8% +4.8%
SBUX Starbucks Corporation $111.2B56.0x-25.8%11.2%+4.5% —
TXRH Texas Roadhouse, Inc. $11.1B26.9x27.5%7.3%+9.9% —
DPZ Domino's Pizza, Inc. $10.2B17.0x-20.2%12.8%+4.5% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-09-01Officer/Director Change; Regulation FD; Other Events; Exhibits
2026-08-28Officer/Director Change
2026-08-21Officer/Director Change
2026-08-07Material Agreement; Acquisition/Disposition; Regulation FD; Exhibits
2026-08-07Officer/Director Change
2026-07-30Earnings Release; Exhibits

Context

Shares outstanding272,901,087
Free float99.9%
Institutional ownership88.8%
Beta0.55
Dividend yield1.97%
Last dividend$0.75 on 2026-09-09
50 / 200-day average$145.43 / $153.55
Large-cap Consumer Cyclical median P/E24.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where YUM sits among 32 scored companies in Restaurants (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureYUMIndustry medianIndustry percentileSector median
P/E (TTM) 18.5x 25.5x
26th		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) 1.09 1.12
47th		 0.96
Price / sales 4.7x 1.7x
90th		 1.0x
Price / book —
Price / tangible book —
Price / free cash flow 24.5x 24.1x
54th		 15.2x
Price / operating cash flow 19.7x 13.6x
86th		 10.2x
Enterprise value $52.7B $3.2B
94th		 $5.6B
EV / sales 6.0x 2.0x
94th		 1.4x
EV / EBITDA 17.9x 15.4x
67th		 11.4x
EV / EBIT 19.5x 23.1x
41st		 16.0x
EV / free cash flow 31.4x 31.4x
50th		 21.0x
Earnings yield 5.4% 3.5%
77th		 4.8%
FCF yield 4.1% 3.6%
55th		 5.9%
Operating cash flow yield 5.1% 7.3%
19th		 9.3%
Graham number (per share) —

Profitability (TTM)

MeasureYUMIndustry medianIndustry percentileSector median
Gross margin 45.8% 27.3%
90th		 34.2%
EBITDA margin 33.7% 13.1%
97th		 11.7%
Operating margin 31.0% 9.5%
97th		 8.7%
EBIT margin 31.0% 7.6%
97th		 8.2%
Net margin 25.4% 4.9%
97th		 4.9%
NOPAT margin 31.3% 7.6%
97th		 6.8%
FCF margin 19.3% 5.9%
97th		 6.5%
Operating cash flow margin 23.9% 12.9%
94th		 10.4%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 15.0% 10.1%
77th		 17.2%
Stock comp / revenue 0.5% 0.6%
26th		 0.6%
Effective tax rate -0.9% 21.0%
13th		 22.4%

Returns on capital

MeasureYUMIndustry medianIndustry percentileSector median
ROE (on average equity) —
ROA 28.4% 4.5%
94th		 4.4%
ROIC 60.7% 8.7%
97th		 9.3%
ROCE 61.6% 6.9%
97th		 9.9%
Return on tangible assets 34.7% 6.4%
94th		 7.4%
Cash ROIC (OCF / invested capital) 46.4% 14.7%
93rd		 14.4%
Gross profitability (GP / assets) 46.0% 25.2%
74th		 31.6%
ROIC, 3-yr average 54.7% 6.1%
96th		 7.4%
ROIC, 5-yr average —
ROE, 5-yr average —
Incremental ROIC 240.6% -0.6%
90th		 11.2%

Growth

MeasureYUMIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 10.3% 7.5%
74th		 6.0%
Revenue growth (QoQ) 5.3% 6.4%
42nd		 6.6%
Revenue CAGR, 3 yr 7.7% 6.3%
57th		 3.0%
Revenue CAGR, 5 yr 6.8% 7.0%
48th		 5.9%
Gross profit CAGR, 3 yr 5.3% 6.1%
43rd		 3.3%
Operating income CAGR, 3 yr 6.8% 9.0%
40th		 2.1%
Net income growth (TTM YoY) 54.8% 5.4%
84th		 4.7%
Net income CAGR, 3 yr 16.0% 7.7%
75th		 1.4%
EPS growth (TTM YoY) 55.9% 8.5%
80th		 7.6%
EPS CAGR, 3 yr 17.0% 8.6%
71st		 3.4%
EPS CAGR, 5 yr 12.6% 7.3%
65th		 2.9%
FCF growth (TTM YoY) 9.3% 9.1%
52nd		 26.3%
FCF CAGR, 3 yr 9.5% 7.4%
57th		 6.5%
Operating cash flow CAGR, 3 yr 9.6% 9.1%
54th		 6.7%
Book value CAGR, 3 yr —
Dividend CAGR, 3 yr 2.4% 2.2%
53rd		 3.2%
Sustainable growth rate —

Margin history & stability

MeasureYUMIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 47.1% 29.1%
90th		 34.9%
Operating margin, 3-yr average 31.7% 8.8%
97th		 8.0%
Net margin, 3-yr average 21.8% 5.8%
97th		 4.8%
FCF margin, 3-yr average 19.3% 6.4%
97th		 5.7%
Revenue stability (0-1) 0.92 0.92
47th		 0.80
Earnings stability (0-1) 0.53 0.71
47th		 0.43
Margin stability (0-1) 0.97 0.84
87th		 0.92

Liquidity (latest quarter)

MeasureYUMIndustry medianIndustry percentileSector median
Cash & short-term investments $674.0M $168.9M
87th		 $278.1M
Net cash (− = net debt) −$11.6B −$969.1M
10th		 −$1.2B
Working capital −$1.8B −$49.4M
6th		 $298.0M
Current ratio 0.59 0.87
35th		 1.49
Quick ratio 0.59 0.79
39th		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.16 0.34
23rd		 0.31
Defensive interval (days) 368 days 269 days
68th		 290 days

Leverage & solvency (latest quarter)

MeasureYUMIndustry medianIndustry percentileSector median
Total debt $12.3B $1.1B
90th		 $1.8B
Debt / equity —
Net debt / equity —
Debt / assets 141.4% 53.9%
97th		 39.7%
Debt / capital —
Debt / EBITDA 4.17 3.93
60th		 3.26
Net debt / EBITDA 3.94 3.34
60th		 2.42
Interest coverage (EBIT / interest) 5.3x 5.2x
52nd		 5.1x
Cash interest coverage 4.1x 6.9x
33rd		 6.0x
Debt payback (years of OCF) 5.9 yrs 4.7 yrs
66th		 3.8 yrs
Liabilities / assets 181.9% 75.8%
94th		 68.1%
IS credit model rating B- — —
Implied credit spread (bps) 900 400
71st		 275

Efficiency

MeasureYUMIndustry medianIndustry percentileSector median
Asset turnover 1.12 1.04
55th		 1.00
Fixed asset turnover 3.13 2.05
84th		 3.73
Inventory turnover —
Receivables turnover 12.6 38.8
13th		 19.9
Days sales outstanding 29 days 9 days
87th		 18 days
Days inventory outstanding —
Days payables outstanding 93 days 19 days
100th		 42 days
Cash conversion cycle (days) −64 days −3 days
0th		 44 days
Capex / revenue 4.6% 5.3%
39th		 3.1%
Capex / depreciation 1.71 1.23
71st		 0.89
Operating expense ratio 17.1% 17.1%
50th		 24.8%

Cash flow & earnings quality

MeasureYUMIndustry medianIndustry percentileSector median
Operating cash flow / net income 0.94 2.05
7th		 1.76
FCF / net income 0.76 1.04
30th		 1.18
FCF / operating cash flow 80.6% 58.7%
86th		 70.1%
Capex / operating cash flow 19.4% 41.3%
14th		 29.9%
Accruals ratio 1.7% -7.8%
94th		 -5.7%
Sloan accruals ratio -20.3% -5.5%
6th		 -3.6%
Earnings quality score (0-1) 0.75 0.75
7th		 0.75

Dividends & buybacks

MeasureYUMIndustry medianIndustry percentileSector median
Dividend yield 2.0% 1.0%
61st		 0.8%
Dividend per share (TTM) $2.96 $0.38
87th		 $0.40
Payout ratio (dividends / net income) 36.4% 31.0%
54th		 17.8%
Dividends / FCF 48.1% 26.4%
72nd		 11.6%
Dividend growth (YoY) 5.6% 5.5%
56th		 4.8%
Buyback yield 2.2% 0.1%
71st		 1.6%
Shareholder yield (dividends + buybacks) 4.1% 3.1%
65th		 3.7%
Share count change (YoY) -0.7% 0.0%
42nd		 -0.9%
Buybacks, last 5 years $3.2B $8.9M
90th		 $198.3M

Scores & forensic checks

MeasureYUMIndustry medianIndustry percentileSector median
IS score 62 52
90th		 50
IS profitability 72 40
100th		 38
IS growth 76 56
90th		 53
IS value 49 44
71st		 50
IS momentum 81 75
68th		 72
IS risk (safety) 50 65
23rd		 65
IS quality 66 61
77th		 63
IS balance sheet 30 42
32nd		 48
IS earnings quality 81 80
52nd		 77
IS cash flow 57 54
65th		 56
Piotroski F-score (0-9) 6 6
42nd		 6
Altman Z-score 2.4 2.6
39th		 2.8
Beneish M-score −2.53 −2.68
65th		 −2.69
Ohlson O-score −1.93 −6.27
90th		 −6.83
IS credit score 20 48
6th		 58

Per share

MeasureYUMIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $7.95 $1.13
87th		 $2.05
Book value per share −$25.47 $6.92
6th		 $14.46
Tangible book per share −$31.16 $2.45
13th		 $3.70
Revenue per share $31.26 $34.63
45th		 $46.29
FCF per share $6.02 $1.92
77th		 $2.72
Operating cash flow per share $7.47 $4.18
74th		 $4.86
Cash per share $2.42 $2.36
52nd		 $3.59

Size (TTM)

MeasureYUMIndustry medianIndustry percentileSector median
Market cap $41.1B $1.6B
94th		 $3.6B
Revenue $8.7B $1.9B
81st		 $3.9B
EBITDA $2.9B $230.5M
94th		 $442.3M
Net income $2.2B $53.6M
97th		 $178.6M
Free cash flow $1.7B $94.2M
94th		 $206.3M
Total assets $8.7B $1.9B
81st		 $4.4B
Shareholders' equity −$7.1B $472.9M
3rd		 $957.6M
Employees 49,000 16,450
65th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-07Turner Christopher Lee
Director, Chief Executive Officer
 Open-market sale 285$140.11$39,93163,225
2026-10-01Mezvinsky Scott
KFC Division CEO
 Option exercise 482$68.00$32,776482
2026-10-01Mezvinsky Scott
KFC Division CEO
 Return to issuer 241$136.43$32,880241
2026-10-01Mezvinsky Scott
KFC Division CEO
 Open-market sale 241$136.89$32,9900
2026-10-01Mezvinsky Scott
KFC Division CEO
 Option exercise 482$68.00$32,7761,446
2026-09-01Turner Christopher Lee
Director, Chief Executive Officer
 Open-market sale 261$153.64$40,10063,510
2026-09-01Mezvinsky Scott
KFC Division CEO
 Option exercise 482$68.00$32,776482
2026-09-01Mezvinsky Scott
KFC Division CEO
 Return to issuer 214$153.31$32,808268
2026-09-01Mezvinsky Scott
KFC Division CEO
 Open-market sale 268$153.64$41,1760
2026-09-01Mezvinsky Scott
KFC Division CEO
 Option exercise 482$68.00$32,7761,928
2026-08-27Bratspies Stephen B
Director
 Award / grant 310——310
2026-08-27Bratspies Stephen B
Director
 Award / grant 166——166

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired2475—
Open-market saleDisposed2531,463$4.9M
Option exerciseDisposed930,526$1.8M
Option exerciseAcquired930,526$2.4M
OtherAcquired120—
Return to issuerDisposed716,506$2.5M
Tax withholdingDisposed22,126$308,437
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 17 notices · 155,835 shares · $24.4M
FiledFilerShares proposedEst. proceeds
2026-09-01Aaron Powell12,003$1.8M
2026-09-01Christopher Turner831$127,675
2026-08-24Tracy Skeans30,154$4.9M
2026-08-03David Russell7,961$1.2M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 3 trades (1 purchases) · Senate 1 (1 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-07-07Ro KhannaHouseSale$1,001 - $15,0002026-08-12
2026-04-13Ro KhannaHousePurchase$1,001 - $15,0002026-05-13
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-20
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2025-09-05Ro KhannaHousePurchase$1,001 - $15,0002025-10-03
2025-02-18James E Hon BanksSenateSale (Full)$1,001 - $15,0002025-03-10
2025-02-18James E Hon BanksSenateSale (Full)$1,001 - $15,0002025-03-10
2025-02-18James E Hon BanksSenateSale (Full)$1,001 - $15,0002025-03-09
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.26,190,487$4.2B9.60%
JPMORGAN CHASE & CO19,340,194$3.1B7.09%
VANGUARD CAPITAL MANAGEMENT LLC18,000,462$2.9B6.60%
Capital International Investors16,961,198$2.7B6.22%
VANGUARD PORTFOLIO MANAGEMENT LLC13,996,754$2.2B5.13%
STATE STREET CORP13,185,799$2.1B4.83%
T. Rowe Price Investment Management, Inc.10,272,924$1.6B3.76%
GEODE CAPITAL MANAGEMENT, LLC8,371,753$1.3B3.07%
NORGES BANK5,022,027$802.8M1.84%
Invesco Ltd.4,846,026$774.7M1.78%
WELLINGTON MANAGEMENT GROUP LLP4,631,940$740.5M1.70%
BANK OF AMERICA CORP /DE/3,994,679$638.6M1.46%
LOOMIS SAYLES & CO L P3,673,461$587.2M1.35%
PRICE T ROWE ASSOCIATES INC /MD/2,896,631$463.1M1.06%
UBS Group AG2,552,954$408.1M0.94%

Institutional ownership by quarter

2023-092026-0688.8%
% of shares held by 13F filers
2023-092026-061,440
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,44088.8%135487499118
2026-03-311,44585.1%15255340792
2025-12-311,40486.8%18746642877
2025-09-301,33182.8%9946045492
2025-06-301,34684.6%116485410106
2025-03-311,35484.2%18341646769
2024-12-311,26385.6%14939542396
2024-09-301,23585.8%10738145470
2024-06-301,21287.1%90409405106
2024-03-311,24386.3%11439841877
2023-12-311,22083.8%18038340073
2023-09-301,13381.5%80363401103

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-10-16SCHEDULE 13G/AJPMORGAN CHASE & CO.6.1%16,891,995
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%20,837,384
2026-04-29SCHEDULE 13GVanguard Portfolio Management5.0%13,983,064
2026-02-13SCHEDULE 13G/ACapital International Investors7.2%20,123,846
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.05%$1.2B
VSMPX0.05%$1.2B
VTSAX0.05%$1.2B
VTI0.05%$1.2B
VFIAX0.06%$976.9M
VOO0.06%$976.9M

Share structure

Shares outstanding272,901,087
Float272,503,383
Free float99.9%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$6.6B$6.8B$7.1B$7.5B$8.2B
Cost of revenue$3.4B$3.5B$3.6B$4.0B$4.4B
Gross profit$3.2B$3.3B$3.5B$3.6B$3.8B
R&D$0$0$0$0$0
SG&A$1.1B$1.1B$1.2B$1.2B$1.3B
Operating income$2.1B$2.2B$2.3B$2.4B$2.5B
EBITDA$2.4B$2.3B$2.5B$2.6B$2.8B
Pretax income$1.7B$1.7B$1.8B$1.9B$2.1B
Income tax$99.0M$337.0M$221.0M$414.0M$518.0M
Net income$1.6B$1.3B$1.6B$1.5B$1.6B
EPS, diluted$5.22$4.57$5.60$5.22$5.56
Diluted shares302.0M290.0M285.0M285.0M278.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$486.0M$367.0M$512.0M$707.0M$709.0M
Receivables$646.0M$680.0M$757.0M$830.0M$841.0M
Inventory$0$0$0$0$0
Total current assets$1.5B$1.6B$1.6B$1.9B$2.0B
PP&E, net$2.0B$1.9B$2.0B$2.2B$1.6B
Goodwill & intangibles$1.0B$992.0M$1.0B$1.2B$1.9B
Total assets$6.0B$5.8B$6.2B$6.7B$8.2B
Accounts payable$227.0M$243.0M$231.0M$249.0M$1.4B
Total current liabilities$1.4B$1.7B$1.3B$1.3B$1.5B
Long-term debt$11.1B$11.4B$11.1B$11.2B$11.9B
Total liabilities$14.3B$14.7B$14.1B$14.4B$15.5B
Shareholders' equity−$8.4B−$8.9B−$7.9B−$7.6B−$7.3B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.6B$1.3B$1.6B$1.5B$1.6B
Depreciation & amortization$164.0M$146.0M$153.0M$175.0M$206.0M
Stock-based compensation$75.0M$84.0M$95.0M$69.0M$70.0M
Change in working capital$2.0M−$105.0M$71.0M−$10.0M$95.0M
Operating cash flow$1.7B$1.4B$1.6B$1.7B$2.0B
Capital expenditure−$230.0M−$279.0M−$285.0M−$257.0M−$371.0M
Free cash flow$1.5B$1.1B$1.3B$1.4B$1.6B
Investing cash flow−$173.0M−$202.0M−$107.0M−$422.0M−$1.0B
Net debt issued / repaid$493.0M$300.0M−$676.0M$103.0M$480.0M
Buybacks−$1.6B−$1.2B−$50.0M−$441.0M−$552.0M
Dividends paid−$592.0M−$649.0M−$678.0M−$752.0M−$789.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin48.1%48.3%49.4%47.5%46.2%
Operating margin32.5%32.0%32.8%31.8%31.3%
Net margin23.9%19.4%22.6%19.7%19.0%
FCF margin22.4%16.8%18.6%19.0%20.0%
ROE-19.4%-15.4%-19.1%-19.2%-20.8%
ROIC61.6%51.0%55.6%47.8%49.9%
ROA26.7%22.4%26.4%22.9%20.9%
Debt / equity-1.45-1.43-1.53-1.61-1.63
Interest coverage4.1x4.2x4.5x4.9x5.2x
Current ratio1.080.971.261.471.35
Revenue growth+16.5%+3.9%+3.4%+6.7%+8.8%
EPS growth+79.5%−12.6%+21.4%−6.3%+6.8%
P/E at year end24.3x26.2x22.4x25.1x27.0x
EV / EBITDA at year end21.0x20.1x19.1x19.0x19.1x
FCF yield at year end3.85%3.31%3.68%3.84%3.90%
Dividend payout37.6%49.0%42.5%50.6%50.6%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
KFC Global Division$2.8B$2.8B$2.8B$3.1B$3.5B
Taco Bell Global Division$2.2B$2.4B$2.6B$2.9B$3.1B
Pizza Hut Global Division$1.0B$1.0B$1.0B$1.0B$1.0B
The Habit Burger Grill Global Division$525.0M$567.0M$586.0M$600.0M$570.0M

Revenue by region · FY2025

US$4.5B · 74%
Other, Outside the U.S. and China$1.6B · 26%

Street estimates by fiscal year

Next report 2026-11-03 · consensus EPS $1.53 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$8.9B$8.6B – $9.2B$6.52$6.25 – $6.84923.1x
2027$9.1B$8.6B – $10.1B$7.17$6.67 – $7.911021.0x
2028$9.7B$9.3B – $10.1B$8.01$7.62 – $8.36418.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-04-29$1.38$1.50+8.7%$2.0B$2.1B+0.7%
2026-02-04$1.76$1.73−1.7%$2.4B$2.5B+2.6%
2025-11-04$1.49$1.58+6.0%$2.0B$2.0B−1.1%
2025-08-05$1.46$1.44−1.4%$1.9B$1.9B−0.3%
2025-04-30$1.29$1.30+0.8%$1.9B$1.8B−3.5%
2025-02-06$1.60$1.61+0.6%$2.4B$2.4B+0.3%
2024-11-05$1.42$1.37−3.5%$1.9B$1.8B−3.8%
2024-08-06$1.33$1.35+1.5%$1.8B$1.8B−2.3%
2024-05-01$1.20$1.15−4.2%$1.7B$1.6B−6.6%
2024-02-07$1.40$1.26−10.0%$2.1B$2.0B−3.3%
2023-11-01$1.28$1.44+12.5%$1.8B$1.7B−3.8%
2023-08-02$1.24$1.41+13.7%$1.7B$1.7B−3.4%
2023-05-03$1.13$1.06−6.2%$1.6B$1.6B+1.4%
2023-02-08$1.26$1.31+4.0%$1.9B$2.0B+5.2%
2022-11-02$1.14$1.09−4.4%$1.6B$1.6B+1.1%
2022-08-03$1.08$1.05−2.8%$1.6B$1.6B−0.4%
2022-05-04$1.07$1.05−1.9%$1.6B$1.5B−2.8%
2022-02-09$1.09$1.02−6.4%$1.9B$1.9B+0.7%
2021-10-28$1.06$1.22+15.1%$1.6B$1.6B+0.8%
2021-07-29$0.96$1.16+20.8%$1.5B$1.6B+8.1%
2021-04-28$0.87$1.07+23.0%$1.4B$1.5B+2.5%
2021-02-04$1.01$1.15+13.9%$1.5B$1.7B+16.1%
2020-10-29$0.80$1.01+26.2%$198.0M$1.4B+631.2%
2020-07-30$0.53$0.82+54.7%$774.3M$1.2B+54.7%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.406-150.406-220.506-290.807-061.007-130.507-200.607-270.608-030.508-100.808-170.508-240.308-31
Week ofNotionalSharesTrades
2026-08-31$346.5M2,275,39359,553
2026-08-24$502.9M3,255,22365,999
2026-08-17$755.3M5,100,38381,822
2026-08-10$520.2M3,502,03472,939
2026-08-03$612.8M4,065,23384,993
2026-07-27$587.4M3,831,14084,292

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1554.6%
DateShort shareShort volumeTotal volume
2026-10-1554.6%484,354886,516
2026-10-1454.9%483,921880,904
2026-10-1365.7%564,931859,493
2026-10-1258.0%558,034961,373
2026-10-0958.6%664,8831,135,168
2026-10-0860.7%704,9501,161,041
2026-10-0769.0%556,331806,046
2026-10-0647.2%415,852880,828
2026-10-0518.3%348,7241,902,545
2026-10-0243.3%338,605781,430
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-1.0Jan+1.7Feb+2.2Mar+5.4Apr+0.7May-1.5Jun+0.7Jul+0.2Aug-0.5Sep+0.4Oct+3.9Nov+1.5Dec
MonthAvg returnUp yearsYears
Jan−1.0%55%20
Feb+1.7%50%20
Mar+2.2%71%21
Apr+5.4%80%20
May+0.7%60%20
Jun−1.5%35%20
Jul+0.7%70%20
Aug+0.2%60%20
Sep−0.5%60%20
Oct+0.4%55%20
Nov+3.9%80%20
Dec+1.5%45%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1465.5
MFI70.3
ADX23.3
Stochastic %K / %D90.2 / 90.0
Williams %R-11.2
CCI166
TSI / signal9.6 / -6.4
Chaikin money flow0.12
ATR$3.16
Bollinger width13.1%
Volume vs 20-day avg0.66x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$141.38 (+6.5%)
SMA 50$145.26 (+3.6%)
SMA 200$153.36 (−1.9%)
EMA 21$143.84 (+4.6%)
EMA 50$145.21 (+3.6%)
EMA 200$149.84 (+0.4%)
Bollinger upper$150.64 (−0.1%)
Bollinger lower$132.12 (+13.9%)
Parabolic SAR$141.37 (+6.5%)
Open the live chart, 110+ indicators

About Yum! Brands, Inc.

YUM! Brands, Inc. (YUM) is a leading global quick-service restaurant enterprise that focuses on the creation, management, and franchising of its restaurant concepts internationally. Its business is organized into four main divisions: KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill. The company operates establishments under these well-known brands, offering diverse food categories such as chicken, pizza, Mexican-style dishes, and made-to-order chargrilled burgers and sandwiches, among other food products. As of December 31, 2021, YUM! Brands boasted a significant worldwide presence, comprising 26,934 KFC outlets, 18,381 Pizza Hut locations, 7,791 Taco Bell restaurants, and 318 The Habit Burger Grill units, spread across roughly 157 countries and territories. The company, which maintains its headquarters in Louisville, Kentucky, was established in 1997. It was formerly known as TRICON Global Restaurants, Inc., before officially adopting the name YUM! Brands, Inc. in May 2002.

https://www.yum.com

Key executives

NameTitlePayBorn
Sean TresvantChief Consumer Officer & Chief Executive Officer of Taco Bell$3.4M1971
Christopher Lee TurnerChief Executive Officer & Director$3.1M1975
Tracy L. SkeansChief Operating Officer and Chief People & Culture Officer$2.7M1973
Aaron PowellChief Executive Officer of Pizza Hut Division$1.5M1972
Ranjith RoyChief Financial Officer$1.3M1981
Erika BurkhardtChief Legal Officer & Corporate Secretary—1974
James DauschChief Digital & Technology Officer and President of Byte by Yum—1976
Matthew Robert MorrisHead of Investor Relations——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
David W. Gibbs Former Chief Executive Officer of YUM2025$1.4M$12.5M$3.0M$20.9M
Sean Tresvant Chief Executive Officer of Taco Bell Division and YUM Chief Consumer Officer2025$1.0M$8.4M$2.2M$12.8M
Tracy L. Skeans Chief Operating Officer and Chief People and Culture Officer of YUM2025$997,981$8.4M$1.6M$12.4M
Chris Turner Chief Executive Officer of YUM2025$1.0M$4.7M$1.8M$9.1M
Aaron Powell Chief Executive Officer of Pizza Hut Division2025$995,962$3.4M$322,000$5.9M
Ranjith Roy Chief Financial Officer of YUM2025$609,262$1.7M$547,645$3.2M

Employees

34k201834k201938k202036k202136k202235k202340k202449k2025

Dividends

Ex-dateAmountPaid
2026-09-09$0.752026-09-18
2026-05-27$0.752026-06-12
2026-02-20$0.752026-03-06
2025-12-02$0.712025-12-12
2025-09-02$0.712025-09-12
2025-05-27$0.712025-06-06
2025-02-21$0.712025-03-07
2024-12-02$0.672024-12-13

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage61
Intangibles59
Switching costs50
Network effect60
Efficient scale75
Our component scores (0-100) and overall 59.7; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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