Yum China Holdings IncYum China Holdings Inc
Yum China Holdings Inc

Yum China Holdings Inc

YUMC
Consumer Discretionary·Hotels, Restaurants & Leisure

Yum China Holdings, Inc. engages in the business of franchising and owning entities that own and operate restaurants. It operates through the following segments: Kentucky Fried Chicken (KFC), Pizza Hut, and All Other Segments. The KFC segment focuses on operating a restaurant chain. The Pizza Hut segment offers casual dining and home service. The All Other segment includes the operations of Lavazza, Huang Ji Huang, Little Sheep, and Taco Bell, together with the company's delivery operating segment and e-commerce business. The company was founded in 1987 and is headquartered in Shanghai, China.

Texas; U.S.A
Market cap
No dataNo data
Revenue
$11.8B+4.4% YoY
Net income
$929M+2.0% YoY
Free cash flow
$840M+17.6% YoY

Market

Listed stock
YUMCPriceNYSE
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Financial performance

Revenue
$11.8B+4.4% YoY
Operating income
$1.3B+11.0% YoY
Net income
$929M+2.0% YoY
Free cash flow
$840M+17.6% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $9.9B, 2022 $9.6B, 2023 $11B, 2024 $11.3B, 2025 $11.8B. Operating income: 2021 $1.4B, 2022 $629M, 2023 $1.1B, 2024 $1.2B, 2025 $1.3B. Net income: 2021 $990M, 2022 $442M, 2023 $827M, 2024 $911M, 2025 $929M. Free cash flow: 2021 $442M, 2022 $734M, 2023 $763M, 2024 $714M, 2025 $840M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
4.4%+141 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $1.4B, 2022-12-31 $629M, 2023-12-31 $1.1B, 2024-12-31 $1.2B, 2025-12-31 $1.3B. Net income: 2021-12-31 $990M, 2022-12-31 $442M, 2023-12-31 $827M, 2024-12-31 $911M, 2025-12-31 $929M. Free cash flow: 2021-12-31 $442M, 2022-12-31 $734M, 2023-12-31 $763M, 2024-12-31 $714M, 2025-12-31 $840M

Growth heatmap

2022202320242025CAGR
Revenue
-2.9%
+14.7%
+3.0%
+4.4%
+4.6%
Gross profit
-2.9%
+14.7%
-78.8%
+9.9%
-28.6%
Operating income
-54.6%
+75.8%
+5.1%
+11.0%
-1.8%
Free cash flow
+66.1%
+4.0%
-6.4%
+17.6%
+17.4%

Earnings quality

Operating cash flow
$1.5B+3.3% YoY
Net income
$929M+2.0% YoY
Free cash flow
$840M+17.6% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 158%, 2024-12-31 156%, 2023-12-31 178%, 2022-12-31 320%, 2021-12-31 114%. Free cash flow: 2025-12-31 90%, 2024-12-31 78%, 2023-12-31 92%, 2022-12-31 166%, 2021-12-31 45%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
No dataNo data
Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
No data
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EV / EBITDA
No data
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Free cash flow yield
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