Tearsheet

Yum Brands (YUM)

Market Price (12/13/2025): $150.815 | Market Cap: $41.9 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Yum Brands (YUM)

Market Price (12/13/2025): $150.815
Market Cap: $41.9 Bil
Sector: Consumer Discretionary
Industry: Restaurants

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.3%	Weak multi-year price returns 2Y Excs Rtn is -22%, 3Y Excs Rtn is -49%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%
2	Low stock price volatility Vol 12M is 25%
3	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, Vegan & Alternative Foods, and Experience Economy & Premiumization. Themes include Last-Mile Delivery, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.3%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%
2	Low stock price volatility Vol 12M is 25%
3	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, Vegan & Alternative Foods, and Experience Economy & Premiumization. Themes include Last-Mile Delivery, Show more.
4	Weak multi-year price returns 2Y Excs Rtn is -22%, 3Y Excs Rtn is -49%

Valuation, Metrics & Events

	12/13/25	2024	2023	2022	2021
Share Price CYE	$150.81	$131.61	$125.68	$120.92	$128.63
Market Cap CYE ($ Bil)	41.9	37.1	35.3	34.2	37.8
Total Debt ($ Bil)	11.6	12.3	12.0	12.7	12.1
Total Cash ($ Bil)	1.0	0.7	0.5	0.4	0.5
Enterprise Value ($ Bil)	52.4	49.4	47.3	46.9	49.9
Valuation Ratios
P/S TTM	5.2	5.0	5.2	5.3	6.3
P/EBIT TTM	16.9	15.8	15.8	16.7	18.6
P/E TTM	29.2	25.5	23.0	27.6	26.2
Sector Ratios
P/S TTM (Sector)	11.4	10.5	8.0	5.0	10.4
P/EBIT TTM (Sector)	29.1	31.2	26.5	17.6	29.4
P/E TTM (Sector)	37.5	39.9	36.4	22.9	42.6

	12/13/25	2024	2023
Share Price CYE	$150.81	$131.61	$125.68
Market Cap CYE ($ Bil)	41.9	37.1	35.3
Total Debt ($ Bil)	11.6	12.3	12.0
Total Cash ($ Bil)	1.0	0.7	0.5
Enterprise Value ($ Bil)	52.4	49.4	47.3
Valuation Ratios
P/S TTM	5.2	5.0	5.2
P/EBIT TTM	16.9	15.8	15.8
P/E TTM	29.2	25.5	23.0
Sector Ratios
P/S TTM (Sector)	11.4	10.5	8.0
P/EBIT TTM (Sector)	29.1	31.2	26.5
P/E TTM (Sector)	37.5	39.9	36.4

	YUM	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	8.1
Rev Chg Q	8.4%	15.9%
Rev Chg LTM	11.6%	13.2%
Rev Chg 3Y Avg	6.4%	12.2%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	2.5
CFO LTM ($ Bil)	1.9
Net Inc LTM ($ Bil)	1.4
Op Mgn LTM	30.8%	37.5%
CFO/Rev LTM	23.6%	35.5%
Net Inc Mgn	18.0%	27.6%
VALUATION	HIGH
P/S	5.2	11.4
P/CFO	22.1	30.6
P/FCF	27.0	54.0
P/E	29.2	37.5
STABILITY	GOOD
Debt/Equity	0.27	0.03
Cash/Assets	0.15	0.16

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Metric	Value	Date	Source
System-wide Sales Growth	5%	9302025	Link
Same-store Sales Growth	3%	9302025	Link
Digital Sales	$10 billion	9302025	Link
Digital Sales as a Percentage of Total Sales	approximately 60%	9302025	Link
Total Number of Restaurants	61,639	9302025	Link
Net New Unit Growth	3%	9302025	Link
Number of KFC Restaurants	32,951	9302025	Link
Number of Pizza Hut Restaurants	19,872	9302025	Link
Number of Taco Bell Restaurants	8,816	9302025	Link
Number of The Habit Burger Grill Restaurants	377	9302025	Link
Number of Countries and Territories with Restaurants	155+	11052025	Link
Number of Franchisees	approximately 1,500	11052025	Link
Number of Employees and Franchise Team Members	over 1 million	11052025	Link

Recent
12/02/2025	Dividend	Amount: $0.71 Payment On: 12/12/2025
Upcoming
2/05/2026	Earnings Release	Rev: $2.0 Bil (E) EPS: $1.78 (E)

YUM Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are five key points explaining the approximate 3.8% movement in Yum Brands (YUM) stock from August 31, 2025, to December 13, 2025, which primarily reflects a recent pullback in the stock. 1. Underperformance and Strategic Review of Pizza Hut: Yum! Brands announced it is exploring strategic options for its Pizza Hut brand, which has experienced eight consecutive quarters of same-store sales declines and faces significant challenges in global markets. Analysts have expressed caution about the limited upside a potential divestiture might offer.

2. Concerns Regarding High Debt Load and Leverage: Analysts have highlighted concerns over Yum! Brands' substantial gross debt of $11.3 billion and a leverage ratio of 4x. This leverage ratio is considered high, exceeding the 3x threshold typically used by commercial banks for highly leveraged companies.

Stock Movement Drivers

Fundamental Drivers

The 1.5% change in YUM stock from 9/12/2025 to 12/12/2025 was primarily driven by a 1.9% change in the company's Total Revenues ($ Mil).

	9122025	12122025	Change
Stock Price ($)	148.79	151.06	1.53%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	7907.00	8061.00	1.95%
Net Income Margin (%)	18.11%	17.95%	-0.88%
P/E Multiple	28.99	29.02	0.12%
Shares Outstanding (Mil)	279.00	278.00	0.36%
Cumulative Contribution			1.53%

LTM = Last Twelve Months as of date shown

Market Drivers

9/12/2025 to 12/12/2025

	Return	Correlation
YUM	1.5%
Market (SPY)	3.7%	-5.6%
Sector (XLY)	1.3%	12.8%

Fundamental Drivers

The 5.9% change in YUM stock from 6/13/2025 to 12/12/2025 was primarily driven by a 4.2% change in the company's Total Revenues ($ Mil).

	6132025	12122025	Change
Stock Price ($)	142.63	151.06	5.91%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	7738.00	8061.00	4.17%
Net Income Margin (%)	18.42%	17.95%	-2.52%
P/E Multiple	28.03	29.02	3.56%
Shares Outstanding (Mil)	280.00	278.00	0.71%
Cumulative Contribution			5.91%

LTM = Last Twelve Months as of date shown

Market Drivers

6/13/2025 to 12/12/2025

	Return	Correlation
YUM	5.9%
Market (SPY)	14.5%	3.7%
Sector (XLY)	14.5%	16.4%

Fundamental Drivers

The 11.1% change in YUM stock from 12/12/2024 to 12/12/2025 was primarily driven by a 15.5% change in the company's P/E Multiple.

	12122024	12122025	Change
Stock Price ($)	136.01	151.06	11.07%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	7223.00	8061.00	11.60%
Net Income Margin (%)	21.13%	17.95%	-15.03%
P/E Multiple	25.13	29.02	15.47%
Shares Outstanding (Mil)	282.00	278.00	1.42%
Cumulative Contribution			11.05%

LTM = Last Twelve Months as of date shown

Market Drivers

12/12/2024 to 12/12/2025

	Return	Correlation
YUM	11.1%
Market (SPY)	13.9%	27.9%
Sector (XLY)	3.8%	27.0%

Fundamental Drivers

The 22.9% change in YUM stock from 12/13/2022 to 12/12/2025 was primarily driven by a 20.1% change in the company's Total Revenues ($ Mil).

	12132022	12122025	Change
Stock Price ($)	122.87	151.06	22.94%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	6713.00	8061.00	20.08%
Net Income Margin (%)	19.13%	17.95%	-6.15%
P/E Multiple	27.27	29.02	6.41%
Shares Outstanding (Mil)	285.00	278.00	2.46%
Cumulative Contribution			22.86%

LTM = Last Twelve Months as of date shown

Market Drivers

12/13/2023 to 12/12/2025

	Return	Correlation
YUM	19.9%
Market (SPY)	48.2%	29.1%
Sector (XLY)	39.1%	27.7%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
YUM Return	10%	30%	-6%	4%	5%	13%	65%
Peers Return	29%	33%	-17%	24%	-5%	-2%	65%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	111%
Monthly Win Rates [3]
YUM Win Rate	67%	67%	33%	50%	58%	50%
Peers Win Rate	62%	55%	42%	55%	45%	47%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
YUM Max Drawdown	-44%	-7%	-23%	-8%	-3%	-8%
Peers Max Drawdown	-36%	-8%	-33%	-10%	-17%	-18%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: MCD, QSR, DPZ, CMG, PZZA. See YUM Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/12/2025 (YTD)

How Low Can It Go

Unique Key	Event	YUM	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-24.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	31.9%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	195 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-47.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	88.9%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	246 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-17.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	21.7%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	542 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-46.2%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	85.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	510 days	1480 days

Compare to MCD, SBUX, CMG, DRI, WEN

In The Past

Yum Brands's stock fell -24.2% during the 2022 Inflation Shock from a high on 12/31/2021. A -24.2% loss requires a 31.9% gain to breakeven.

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About Yum Brands (YUM)

YUM! Brands, Inc., together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. The company operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products. As of December 31, 2021, it had 26,934 KFC units; 18,381 Pizza Hut units; 7,791 Taco Bell units; and 318 The Habit Burger Grill units in approximately 157 countries and territories. The company was formerly known as TRICON Global Restaurants, Inc. and changed its name to YUM! Brands, Inc. in May 2002. YUM! Brands, Inc. was incorporated in 1997 and is headquartered in Louisville, Kentucky.

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Procter & Gamble for fast food

Nestle for quick-service restaurants

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KFC: Offers a variety of chicken products, including its Original Recipe fried chicken, chicken sandwiches, and sides.
Pizza Hut: Provides a wide selection of pizzas, pasta dishes, wings, and desserts.
Taco Bell: Serves Mexican-inspired fast food such as tacos, burritos, nachos, and quesadillas.
The Habit Burger Grill: Specializes in made-to-order charbroiled burgers, sandwiches, salads, and shakes.

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Yum Brands (YUM) operates a global quick-service restaurant business primarily through a highly franchised model. While its direct business relationships are with thousands of independent franchisees (other companies) across the globe, no single franchisee or small group of franchisees constitutes a "major customer" that would be individually identified in financial disclosures. The franchisee network is intentionally diverse and fragmented to mitigate reliance on any single entity.

Therefore, we will focus on the ultimate consumers who frequent Yum Brands' restaurants (KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill). Yum Brands primarily sells food and experiences to individuals, serving a broad spectrum of the general public. We can categorize its major customer segments as follows:

Families and Social Gatherers: This customer segment seeks convenient and satisfying meal solutions for groups, often for shared dining experiences at home or in casual restaurant settings. They value variety, family-sized options, and ease of ordering for multiple people. Brands like KFC and Pizza Hut, with their buckets of chicken and pizzas, particularly cater to this group for family dinners, parties, and casual get-togethers.
Young Adults and Value Seekers: This demographic often prioritizes affordability, speed, and customizable meal options. They are frequently students, young professionals, or individuals seeking satisfying meals on a budget. Taco Bell is a prominent example, appealing to this group with its diverse menu, value offerings, and innovative marketing. The Habit Burger Grill also attracts those looking for quality casual dining at a reasonable price.
Convenience-Driven Consumers: This broad category encompasses individuals and groups whose primary motivation is convenience, speed, and accessibility. They seek quick, ready-to-eat meals due to busy lifestyles, spontaneous cravings, or a preference for minimal preparation. This segment utilizes drive-thrus, delivery services, and quick counter service across all of Yum Brands' concepts, seeking ease and efficiency in their dining choices.

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Coca-Cola Company (KO)
McLane Company

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Chris Turner, Chief Executive Officer, Yum! Brands, Inc.

Chris Turner assumed the role of Chief Executive Officer of Yum! Brands on October 1, 2025, having previously served as the Chief Financial Officer since 2019 and Chief Franchise Officer since 2024. Before joining Yum! Brands, he held leadership positions at PepsiCo, where he led PepsiCo's retail and e-commerce business with Walmart across the U.S. and over 25 international markets. Turner also spent more than 13 years as a Partner at McKinsey & Company, leading the Service Operations practice in North America, the Restaurant Service Line, the Retail Operations team, and recruiting for all Southern U.S. offices. At Yum! Brands, he has been instrumental in the Company's digital and technology transformation, including the creation of Byte by Yum!, an AI-driven restaurant technology platform. He also serves on the Board of Directors of Academy Sports and Outdoors, Inc.

Ranjith Roy, Chief Financial Officer, Yum! Brands, Inc.

Ranjith Roy was appointed Chief Financial Officer of Yum! Brands on September 9, 2025. He joined Yum! Brands in 2024 as Chief Strategy Officer and Treasurer. Prior to his time at Yum!, Roy served as CFO of Goldbelly, a gourmet food e-commerce marketplace, where he contributed to scaling operations and uncovering new growth opportunities. He also dedicated over 15 years to Goldman Sachs, where he managed investment banking relationships for businesses in the restaurant, food, and food tech sectors.

Tracy Skeans, Chief Operating Officer and Chief People & Culture Officer, Yum! Brands, Inc.

Tracy Skeans serves as the Chief Operating Officer and Chief People & Culture Officer for Yum! Brands, Inc., a role she has held since joining the Company in 2000. Her responsibilities encompass global oversight for operational execution, people capability, and customer experience initiatives. Skeans' previous roles at Yum! include Chief Transformation & People Officer and President of Pizza Hut International, which involved leading a business of more than 5,900 restaurants across over 85 countries. Early in her career, she also held various finance positions at Pizza Hut, focusing on strategic planning, asset development, and accounting.

Sean Tresvant, Chief Executive Officer, Taco Bell Division, and Chief Consumer Officer, Yum! Brands, Inc.

Sean Tresvant became the Chief Executive Officer of the Taco Bell Division on January 1, 2024, and was promoted to Chief Consumer Officer for Yum! Brands on September 9, 2025. He initially joined Taco Bell in January 2022 as Global Chief Brand Officer. Before his tenure at Yum!, Tresvant spent over 15 years in leadership roles at Nike, including Chief Marketing Officer of the Jordan Brand. He also held positions as a senior brand manager at Pepsi for five years and as executive brand director at Sports Illustrated for two years. Tresvant is recognized for his leadership in successful marketing campaigns at Taco Bell, notably orchestrating the return of the Mexican Pizza.

Aaron Powell, Chief Executive Officer, Pizza Hut Division

Aaron Powell serves as the Chief Executive Officer of the Pizza Hut Division, having joined in 2021. Prior to Yum!, he spent more than 14 years at Kimberly-Clark, where he held a variety of global leadership roles, including President of Kimberly-Clark Asia-Pacific, overseeing operations in over 30 countries. His experience also includes four years with Bain & Company in its consumer practice and eight years in sales leadership and brand management roles at Procter & Gamble. Powell is currently a member of the Board of Directors for Sherwin-Williams.

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Accelerated consumer shift towards plant-based and healthier fast-food options, impacting the demand for traditional offerings and increasing competition from specialized healthier or plant-based quick-service restaurants.

Proliferation of virtual restaurant brands and ghost kitchens, which leverage delivery platforms to enter the market with lower overheads and highly specialized menus, fragmenting the quick-service market and intensifying competition for digital orders and delivery occasions.

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Yum! Brands operates several well-known quick-service restaurant (QSR) chains globally, each with distinct addressable markets for their main products and services. The primary brands include KFC (fried chicken), Pizza Hut (pizza), Taco Bell (Mexican-style food), and The Habit Burger Grill (chargrilled burgers/fast-casual).

Overall Fast Food and Quick Service Restaurant (QSR) Markets:

The global fast food market was valued at approximately USD 741.25 billion in 2024 and is projected to reach USD 1,111.10 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 4.6% from 2025 to 2033. North America held the largest share of this market. Another source estimates the global fast food market at USD 902.1 billion in 2024, reaching USD 1,298.5 billion by 2033.
The global quick service restaurants (QSR) market was valued at USD 971.36 billion in 2024 and is projected to grow to USD 1,930.14 billion by 2032, exhibiting a CAGR of 9.01% during the forecast period. North America dominated the quick-service restaurants market with a 37.45% share in 2024. The U.S. QSR market alone is projected to reach USD 599.87 billion by 2032. Other estimates place the global QSR market at USD 1.07 trillion in 2025, reaching USD 1.60 trillion by 2030.

Addressable Markets by Brand:

KFC (Fried Chicken)

The global fried chicken market was valued at around USD 44.56 billion in 2024 and is predicted to grow to approximately USD 78.92 billion by 2035, with a CAGR of 5.33% from 2025 to 2035. North America was the largest regional market in 2024. Asia-Pacific is anticipated to be the fastest-growing region.

Pizza Hut (Pizza)

The global pizza market was valued at USD 272.40 billion in 2024 and is projected to grow to USD 409.50 billion by 2032, exhibiting a CAGR of 5.42%. North America held the largest share of the pizza market with 38.83% in 2024. Quick service restaurants (QSR) accounted for the largest share within the pizza market.

Taco Bell (Mexican-style Food)

The broader global Mexican food market was estimated at USD 319.2 billion in 2024 and is expected to reach USD 418.1 billion by 2030, growing at a CAGR of 4.6%. The U.S. Mexican food market alone was estimated at USD 86.2 billion in 2024.
More specifically, the Mexican fast-casual restaurant market is estimated to reach USD 61.08 billion by 2032, growing at a CAGR of 9.7% from 2025 to 2032.

The Habit Burger Grill (Chargrilled Burgers / Fast Casual Burgers)

The global fast casual restaurant market, which includes chargrilled burgers, was valued at USD 211.52 billion in 2024 and is expected to reach USD 628.20 billion by 2034, with a CAGR of 11.50% between 2025 and 2034. Other sources estimate the global fast casual restaurant market at USD 209.77 billion in 2024, projected to reach USD 451.04 billion by 2031.
North America is a dominant region in the fast-casual restaurant market, accounting for a significant share. The burger/sandwich segment held the largest market share within the fast-casual restaurant market, capturing 29.53% in 2023.

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Yum! Brands (NYSE: YUM) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic unit expansion, robust digital transformation, continuous menu innovation, and a strong franchise-centric operating model.

Global Unit Growth and Market Expansion: Yum! Brands targets a long-term average of 5% unit growth, with a focus on robust development outside the U.S. This expansion strategy involves adding new restaurants across its portfolio of KFC, Taco Bell, and Pizza Hut, thereby increasing its global footprint and customer reach.
Accelerated Digital Sales and Technology Integration: The company is significantly investing in its digital capabilities, which have already resulted in digital sales reaching approximately 60% of total system sales in Q3 2025. Initiatives include expanding kiosk adoption, with KFC aiming for 70% penetration by 2026, and leveraging AI-driven marketing and loyalty programs that have shown a 12% increase in visit frequency among members. These technological advancements enhance customer engagement and operational efficiency.
Menu Innovation and Value Offerings within Core Brands: Strong performance from key brands like Taco Bell and KFC, which account for approximately 90% of divisional operating profit, is driven by continuous menu innovation and strategic value offerings. Taco Bell, for instance, has demonstrated consistent positive transaction growth and market share gains across all income bands due to its innovative menu and value propositions. KFC is also focused on expanding relevant product offerings (e.g., tenders, nuggets, sandwiches) and refining pricing strategies to enhance value perception.
Leveraging an Asset-Light, Franchise-Centric Business Model: Yum! Brands' revenue growth is underpinned by its franchise model, which facilitates accelerated global expansion while minimizing capital investment risk. This strategy ensures robust cash flow generation through upfront franchise fees and ongoing royalty streams, enabling the company to expand its brand penetration across diverse geographies effectively.

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Share Repurchases

Yum! Brands' Board of Directors approved a new share repurchase authorization of up to $2.0 billion in common stock, effective from July 1, 2024, through December 31, 2026.
The company returned approximately $1.5 billion in capital to stockholders in 2024.
Yum! Brands aims to return a total of $3 billion to shareholders from 2025 through 2026.

Share Issuance

Yum! Brands' shares outstanding for the quarter ending September 30, 2025, were 281 million, marking a 1.4% decline year-over-year.
The company's shares outstanding were 0.285 billion in 2024, a 0% decline from 2023, and 0.285 billion in 2023, a 1.72% decline from 2022.

Outbound Investments

In 2024, Yum! Brands acquired KFC U.K. and Ireland restaurants, which was a significant outflow in investing activities.
The company received $104 million from the sale of its investment in Devyani in 2024.
Yum! Brands generated $121 million in proceeds from the sale of KFC Russia in 2023.

Capital Expenditures

Capital spending by Yum! Brands was $257 million in 2024 and $285 million in 2023.
Net capital expenditures for Yum! Brands were $54 million in the second quarter of 2025.

Better Bets than Yum Brands (YUM)

	YUM	Better Performance than YUM
Metric	Value	INDUSTRY: Restaurants
Rev Chg LTM	11.6%	BROS (28.9%), EAT (23.2%), QSR (21.8%), WING (15.6%), TXRH (14.4%)
Rev Chg 3Y Avg	6.4%	BROS (31.4%), TXRH (14.4%), QSR (14.2%), CMG (11.9%), DRI (8.2%)
Op Mgn LTM	30.8%	MCD (46.1%)
CFO/Rev LTM	23.6%	MCD (39.9%), RAVE (28.5%), BH-A (27.7%), BH (27.7%)
FCF/Rev LTM	19.4%	RAVE (28.2%), MCD (28.1%), BH-A (21.0%), BH (21.0%)
Total Yield	5.3%	QSR (9.2%), YUMC (7.8%), DRI (6.9%), MCD (6.2%), DPZ (5.6%)
P/S	5.2	YUMC (1.4), DRI (2.1), QSR (2.3), SBUX (2.6), CMG (4.4)
P/Op Inc	17.0	WEN (4.6), QSR (9.0), EAT (9.3), CAKE (10.2), DPZ (15.8)

	YUM	Better Performance than YUM
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	11.6%	CVNA (45.5%), MELI (36.9%), DASH (24.5%), CPNG (16.6%), BKNG (13.0%)
Rev Chg 3Y Avg	6.4%	MELI (39.5%), DASH (27.8%), BKNG (17.8%), AMZN (11.3%), TSLA (9.3%)
Op Mgn LTM	30.8%	WINA (64.3%), MCD (46.1%), WH (41.3%), BKNG (34.5%)
CFO/Rev LTM	23.6%	MCD (39.9%), ABNB (38.4%), MELI (37.5%), RCL (36.2%), BKNG (33.2%)
FCF/Rev LTM	19.4%	ABNB (38.4%), MELI (32.9%), BKNG (31.9%), MCD (28.1%), HLT (19.6%)
Total Yield	5.3%	F (13.6%), LOW (6.8%), HD (6.6%), GM (6.4%), MCD (6.2%)
P/S	5.2	LOW (1.6), HD (2.1), TJX (2.7), AMZN (3.5), MELI (4.5)
P/Op Inc	17.0	GM (7.1), DHI (11.3), LVS (13.0), F (13.2), LOW (13.7)

	YUM	Better Performance than YUM
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	11.6%	NVDA (65.2%), AVGO (28.0%), META (21.3%), MSFT (15.6%), GOOGL (13.4%)
Rev Chg 3Y Avg	6.4%	NVDA (91.6%), AVGO (24.0%), META (17.3%), MSFT (13.2%), GOOGL (11.0%)
Op Mgn LTM	30.8%	NVDA (58.8%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	23.6%	MSFT (50.0%), NVDA (44.4%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	19.4%	AVGO (41.6%), NVDA (41.3%), MSFT (26.6%), META (23.7%), AAPL (23.5%)
Total Yield	5.3%	XOM (9.8%), JNJ (8.4%), JPM (6.7%), BRK-B (6.2%), V (5.3%)
P/S	5.2	WMT (1.2), XOM (1.5), BRK-B (2.7), JNJ (4.8), JPM (4.9)
P/Op Inc	17.0	MRK (9.4), UNH (11.9), TMUS (13.9), PEP (15.8), V (16.6)

		Best Bets In Consumer Discretionary Sector
	YUM	ABNB	BKNG	MCD	ETSY	LOPE	ALSN	GRMN	CROX	WH	YUM
What You Pay
P/E	29.2	28.2	34.7	25.7	36.2	28.8	10.2	30.2	19.7	18.1	29.2
P/EBIT	16.9	27.4	20.8	17.7	15.9	19.2	7.5	26.7	17.2	10.6	16.9
What You Get
Rev Chg Q	8.4%	9.7%	12.7%	3.0%	2.4%	9.6%	-15.9%	11.7%	3.4%	-3.5%	8.4%
Rev Chg LTM	11.6%	10.2%	13.0%	1.2%	2.0%	7.0%	-4.2%	16.6%	2.0%	3.4%	11.6%
Rev Chg 3Y Avg	6.4%	14.2%	17.8%	4.2%	4.9%	6.5%	4.6%	12.2%	14.5%	-2.5%	6.4%
FCF/Rev 3Y Avg	18.9%	40.2%	35.6%	27.4%	23.8%	21.8%	21.0%	20.5%	19.8%	19.0%	18.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Yum Brands Earnings Notes
2	How Low Can Yum Brands Stock Really Go?	Return
3	Day 8 of Loss Streak for Yum Brands Stock with -8.3% Return (vs. 6.2% YTD) [10/13/2025]	Notification
4	Day 6 of Loss Streak for Yum Brands Stock with -6.9% Return (vs. 7.9% YTD) [10/9/2025]	Notification
5	Day 6 of Gains Streak for Yum Brands Stock with 7.6% Return (vs. 14% YTD) [8/19/2025]	Notification
6	Day 5 of Gains Streak for Yum Brands Stock with 5.7% Return (vs. 12% YTD) [8/18/2025]	Notification
7	Yum Brands vs Newmont: Which Is A Better Investment?	Counter-Intuitive Comparisons
8	How Does Yum Brands Stock Stack Up Against Its Peers?	Peer Comparison
9	Better Bet Than YUM Stock: Pay Less Than Yum Brands To Get More From GD, COR
10	Better Bet Than YUM Stock: Pay Less Than Yum Brands To Get More From CCL, DECK
11	ARTICLES
12	Is Yum Brands a Better Buy Than Chipotle Mexican Grill?		December 12th, 2025
13	Better Value & Growth: CMG, YUM Lead Starbucks Stock		December 3rd, 2025
14	CMG, YUM Look Smarter Buy Than Starbucks Stock		December 3rd, 2025
15	Better Value & Growth: CMG, YUM Lead Starbucks Stock		November 17th, 2025
16	Chipotle Mexican Grill vs Yum Brands: Which Stock Could Rally?		November 17th, 2025

	Title
0	DASHBOARDS
1	Yum Brands Earnings Notes
2	How Low Can Yum Brands Stock Really Go?
3	Day 8 of Loss Streak for Yum Brands Stock with -8.3% Return (vs. 6.2% YTD) [10/13/2025]
4	Day 6 of Loss Streak for Yum Brands Stock with -6.9% Return (vs. 7.9% YTD) [10/9/2025]
5	Day 6 of Gains Streak for Yum Brands Stock with 7.6% Return (vs. 14% YTD) [8/19/2025]
6	Day 5 of Gains Streak for Yum Brands Stock with 5.7% Return (vs. 12% YTD) [8/18/2025]
7	Yum Brands vs Newmont: Which Is A Better Investment?
8	How Does Yum Brands Stock Stack Up Against Its Peers?
9	Better Bet Than YUM Stock: Pay Less Than Yum Brands To Get More From GD, COR
10	Better Bet Than YUM Stock: Pay Less Than Yum Brands To Get More From CCL, DECK
11	ARTICLES
12	Is Yum Brands a Better Buy Than Chipotle Mexican Grill?
13	Better Value & Growth: CMG, YUM Lead Starbucks Stock
14	CMG, YUM Look Smarter Buy Than Starbucks Stock
15	Better Value & Growth: CMG, YUM Lead Starbucks Stock
16	Chipotle Mexican Grill vs Yum Brands: Which Stock Could Rally?

Trade Ideas

Select past ideas related to YUM. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	15.2%	15.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.8%	4.8%	-0.1%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.1%	1.1%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	12.4%	12.4%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	17.9%	17.9%	-1.6%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	15.2%	15.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.8%	4.8%	-0.1%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.1%	1.1%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	12.4%	12.4%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	17.9%	17.9%	-1.6%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TLRY	Tilray Brands	12.9	44.1%	-8.6%
RZLT	Rezolute	0.2	28.6%	-63.3%
CRON	Cronos	1.3	14.7%	61.9%
YOU	Clear Secure	4.0	13.3%	58.5%
RIVN	Rivian Automotive	22.5	12.1%	38.5%
EVCM	EverCommerce	2.2	10.9%	9.7%
LULU	Lululemon Athletica	24.5	9.6%	-46.4%
NX	Quanex Building Products	0.8	9.5%	-30.9%
OXM	Oxford Industries	0.5	9.4%	-53.1%
IIPR	Innovative Industrial Properties	1.6	8.9%	-5.9%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FRMI	Fermi	7.1	-33.8%
LENZ	LENZ Therapeutics	0.5	-26.0%	-37.2%
AIP	Arteris	0.7	-17.2%	59.9%
MOD	Modine Manufacturing	7.4	-15.3%	20.7%
FBYD	Falcons Beyond Global	0.4	-15.2%	40.7%
OKLO	Oklo	12.2	-15.1%	311.8%
SEI	Solaris Energy Infrastructure	2.0	-14.8%	62.6%
SNDK	SanDisk	30.1	-14.7%
NXDR	Nextdoor	0.9	-14.4%
RCUS	Arcus Biosciences	2.3	-14.4%	44.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
WVE	WAVE Life Sciences	2.7	121.1%	33.9%
TLRY	Tilray Brands	12.9	65.3%	-8.6%
TERN	Terns Pharmaceuticals	4.1	53.3%	712.3%
PLAB	Photronics	2.1	50.4%	54.1%
FULC	Fulcrum Therapeutics	0.8	46.1%	176.6%
WRBY	Warby Parker	3.4	46.0%	13.2%
PL	Planet Labs PBC	5.5	42.8%	351.5%
ALEX	Alexander & Baldwin	1.5	37.5%	22.5%
KYMR	Kymera Therapeutics	7.8	34.6%	122.9%
CRON	Cronos	1.3	31.3%	61.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.7%	-63.3%
FBYD	Falcons Beyond Global	0.4	-44.0%	40.7%
FRMI	Fermi	7.1	-33.4%
LENZ	LENZ Therapeutics	0.5	-32.1%	-37.2%
GOGO	Gogo	0.7	-27.9%	-37.1%
ELVN	Enliven Therapeutics	0.9	-22.7%	-25.1%
CRK	Comstock Resources	6.3	-20.8%	18.9%
BE	Bloom Energy	22.3	-20.3%	327.6%
PHR	Phreesia	1.0	-19.9%	-35.4%
MVST	Microvast	1.0	-19.7%	45.4%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.8	310.0%	466.9%
WVE	WAVE Life Sciences	2.7	138.1%	33.9%
TERN	Terns Pharmaceuticals	4.1	121.7%	712.3%
ALMS	Alumis	0.9	119.3%	46.2%
CDTX	Cidara Therapeutics	5.9	106.0%	720.9%
SGML	Sigma Lithium	1.2	87.2%	-2.6%
ANNX	Annexon	0.7	75.0%	-3.1%
NUVB	Nuvation Bio	2.9	71.0%	216.9%
ARWR	Arrowhead Pharmaceuticals	9.7	69.2%	272.8%
SVRA	Savara	1.5	68.0%	125.4%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.0%	-63.3%
FRMI	Fermi	7.1	-53.6%
JANX	Janux Therapeutics	0.9	-46.4%	-71.4%
UP	Wheels Up Experience	0.5	-41.9%	-57.4%
AGIO	Agios Pharmaceuticals	1.6	-37.5%	-17.0%
ARDT	Ardent Health	1.2	-37.4%	-48.5%
CTEV	Claritev	0.6	-36.1%
METC	Ramaco Resources	1.0	-35.9%	54.3%
QURE	uniQure	1.1	-35.2%	10.5%
IBTA	Ibotta	0.6	-34.6%	-67.1%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TLRY	Tilray Brands	12.9	44.1%	-8.6%
RZLT	Rezolute	0.2	28.6%	-63.3%
CRON	Cronos	1.3	14.7%	61.9%
YOU	Clear Secure	4.0	13.3%	58.5%
RIVN	Rivian Automotive	22.5	12.1%	38.5%
EVCM	EverCommerce	2.2	10.9%	9.7%
LULU	Lululemon Athletica	24.5	9.6%	-46.4%
NX	Quanex Building Products	0.8	9.5%	-30.9%
OXM	Oxford Industries	0.5	9.4%	-53.1%
IIPR	Innovative Industrial Properties	1.6	8.9%	-5.9%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FRMI	Fermi	7.1	-33.8%
LENZ	LENZ Therapeutics	0.5	-26.0%	-37.2%
AIP	Arteris	0.7	-17.2%	59.9%
MOD	Modine Manufacturing	7.4	-15.3%	20.7%
FBYD	Falcons Beyond Global	0.4	-15.2%	40.7%
OKLO	Oklo	12.2	-15.1%	311.8%
SEI	Solaris Energy Infrastructure	2.0	-14.8%	62.6%
SNDK	SanDisk	30.1	-14.7%
NXDR	Nextdoor	0.9	-14.4%
RCUS	Arcus Biosciences	2.3	-14.4%	44.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
WVE	WAVE Life Sciences	2.7	121.1%	33.9%
TLRY	Tilray Brands	12.9	65.3%	-8.6%
TERN	Terns Pharmaceuticals	4.1	53.3%	712.3%
PLAB	Photronics	2.1	50.4%	54.1%
FULC	Fulcrum Therapeutics	0.8	46.1%	176.6%
WRBY	Warby Parker	3.4	46.0%	13.2%
PL	Planet Labs PBC	5.5	42.8%	351.5%
ALEX	Alexander & Baldwin	1.5	37.5%	22.5%
KYMR	Kymera Therapeutics	7.8	34.6%	122.9%
CRON	Cronos	1.3	31.3%	61.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.7%	-63.3%
FBYD	Falcons Beyond Global	0.4	-44.0%	40.7%
FRMI	Fermi	7.1	-33.4%
LENZ	LENZ Therapeutics	0.5	-32.1%	-37.2%
GOGO	Gogo	0.7	-27.9%	-37.1%
ELVN	Enliven Therapeutics	0.9	-22.7%	-25.1%
CRK	Comstock Resources	6.3	-20.8%	18.9%
BE	Bloom Energy	22.3	-20.3%	327.6%
PHR	Phreesia	1.0	-19.9%	-35.4%
MVST	Microvast	1.0	-19.7%	45.4%

Peer Comparisons for Yum Brands

Peers to compare with:

Financials

	YUM	MCD	QSR	DPZ	CMG	PZZA	Median
Name	Yum Bran.	McDonald.	Restaura.	Domino's.	Chipotle.	Papa Joh.
Mkt Price	151.06	316.72	70.87	431.73	36.14	41.41	110.97
Mkt Cap	42.0	225.8	23.2	14.6	48.2	1.4	32.6
Rev LTM	8,061	26,263	9,106	4,848	11,787	2,086	8,584
Op Inc LTM	2,485	12,113	2,348	928	1,996	108	2,172
FCF LTM	1,564	7,372	1,354	632	1,573	79	1,459
FCF 3Y Avg	1,413	7,049	1,240	534	1,404	72	1,322
CFO LTM	1,906	10,485	1,588	730	2,215	157	1,747
CFO 3Y Avg	1,712	9,704	1,405	638	1,993	149	1,558

Growth & Margins

	YUM	MCD	QSR	DPZ	CMG	PZZA	Median
Name	Yum Bran.	McDonald.	Restaura.	Domino's.	Chipotle.	Papa Joh.
Rev Chg LTM	11.6%	1.2%	21.8%	3.9%	7.3%	-0.6%	5.6%
Rev Chg 3Y Avg	6.4%	4.2%	14.2%	2.6%	11.9%	-0.3%	5.3%
Rev Chg Q	8.4%	3.0%	15.9%	6.2%	7.5%	0.3%	6.9%
QoQ Delta Rev Chg LTM	1.9%	0.8%	3.8%	1.4%	1.8%	0.1%	1.6%
Op Mgn LTM	30.8%	46.1%	25.8%	19.1%	16.9%	5.2%	22.5%
Op Mgn 3Y Avg	31.7%	45.9%	28.8%	18.4%	17.0%	6.1%	23.6%
QoQ Delta Op Mgn LTM	-0.0%	-0.0%	-0.6%	0.2%	-0.3%	-0.6%	-0.2%
CFO/Rev LTM	23.6%	39.9%	17.4%	15.1%	18.8%	7.5%	18.1%
CFO/Rev 3Y Avg	23.0%	37.7%	18.1%	13.7%	18.6%	7.1%	18.3%
FCF/Rev LTM	19.4%	28.1%	14.9%	13.0%	13.3%	3.8%	14.1%
FCF/Rev 3Y Avg	18.9%	27.4%	16.0%	11.4%	13.1%	3.4%	14.6%

Valuation

	YUM	MCD	QSR	DPZ	CMG	PZZA	Median
Name	Yum Bran.	McDonald.	Restaura.	Domino's.	Chipotle.	Papa Joh.
Mkt Cap	42.0	225.8	23.2	14.6	48.2	1.4	32.6
P/S	5.2	8.2	2.3	3.0	4.4	0.8	3.7
P/EBIT	16.9	17.7	9.8	15.3	26.2	16.8	16.9
P/E	29.2	25.7	24.5	24.8	34.0	41.4	27.5
P/CFO	22.2	20.7	13.2	20.1	23.6	10.1	20.4
Total Yield	5.3%	6.2%	9.2%	5.6%	2.9%	6.3%	5.9%
Dividend Yield	1.8%	2.3%	5.1%	1.5%	0.0%	3.9%	2.1%
FCF Yield 3Y Avg	3.6%	3.4%	5.8%	3.7%	2.4%	3.9%	3.7%
D/E	0.3	0.3	0.8	0.3	0.1	0.6	0.3
Net D/E	0.2	0.2	0.7	0.3	0.1	0.6	0.3

Returns

	YUM	MCD	QSR	DPZ	CMG	PZZA	Median
Name	Yum Bran.	McDonald.	Restaura.	Domino's.	Chipotle.	Papa Joh.
1M Rtn	1.6%	3.8%	2.5%	6.9%	15.4%	2.7%	3.3%
3M Rtn	1.5%	4.3%	13.7%	-4.1%	-6.4%	-16.9%	-1.3%
6M Rtn	5.9%	6.1%	7.4%	-4.1%	-28.1%	-16.1%	0.9%
12M Rtn	11.1%	9.3%	6.3%	-5.7%	-45.4%	-8.0%	0.3%
3Y Rtn	22.9%	23.8%	16.5%	24.4%	16.7%	-47.6%	19.8%
1M Excs Rtn	2.0%	4.1%	2.8%	7.3%	15.7%	3.1%	3.6%
3M Excs Rtn	-1.3%	2.3%	8.8%	-7.3%	-9.5%	-18.8%	-4.3%
6M Excs Rtn	-8.3%	-8.1%	-6.8%	-18.4%	-42.3%	-30.4%	-13.3%
12M Excs Rtn	-1.7%	-5.4%	-8.1%	-16.6%	-57.4%	-22.6%	-12.3%
3Y Excs Rtn	-48.8%	-48.0%	-54.7%	-52.6%	-53.8%	-116.6%	-53.2%

Comparison Analyses

	Title
0	How Does Yum Brands Stock Stack Up Against Its Peers?
1	Yum! Brands vs. McDonald's: With Return Forecast Of 2.3%, Yum! Brands Is A Better Bet
2	With 40% Gains On The Table, CMG May Outshine YUM
3	YUM Could Deliver 19% Returns And Outperform DRI
4	With 19% Gains On The Table, YUM May Outshine WEN
5	YUM Looks Stronger Than SBUX With 19% Return Potential
6	Yum! Brands vs. Intuitive Surgical: With Return Forecast Of 47%, Intuitive Surgical Is A Better Bet
7	Yum! Brands vs. NextEra Energy: With Return Forecast Of 10%, NextEra Energy Is A Better Bet
8	Yum! Brands vs. Nike: With Return Forecast Of 15%, Nike Is A Better Bet
9	Yum! Brands vs Centene: Similar Market Cap, But Centene Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/7/2025	2/19/2025	2/20/2024	2/27/2023	2/23/2022	2/22/2021	2/20/2020
Key Financials
Total Revenue	8,061	7,549	7,076	6,842	6,584	5,652	5,597
EBITDA	2,689	2,564	2,484	2,335	2,382	1,709	1,971
Operating Income	2,485	2,403	2,303	2,167	2,106	1,623	1,897
Net Income	1,447	1,486	1,597	1,325	1,575	904	1,294
EPS	5.18	5.28	5.68	4.63	5.30	2.99	4.23
Growth Rates
Total Revenue Growth	11.6%	6.7%	3.4%	3.9%	16.5%	1.0%	-1.6%
EBITDA Growth	7.8%	3.2%	6.4%	-2.0%	39.4%	-13.3%	-18.8%
Operating Income Growth	6.9%	4.3%	6.3%	2.9%	29.8%	-14.4%	7.6%
Net Income Growth	-5.2%	-7.0%	20.5%	-15.9%	74.2%	-30.1%	-16.1%
Margins
EBITDA Margin	33.4%	34.0%	35.1%	34.1%	36.2%	30.2%	35.2%
Operating Income Margin	30.8%	31.8%	32.5%	31.7%	32.0%	28.7%	33.9%
Net Income Margin	18.0%	19.7%	22.6%	19.4%	23.9%	16.0%	23.1%
Cash & Debt
Total Cash	1,045	707	512	367	486	730	605
Total Debt	11,554	12,286	12,031	12,661	12,127	11,645	11,269
Net Debt / (Cash)	10,509	11,579	11,519	12,294	11,641	10,915	10,664
Cash Flows
Net Cash from Operations	1,906	1,689	1,603	1,427	1,706	1,305	1,315
Free Cash from Operations	1,564	1,432	1,318	1,148	1,476	1,145	1,119
Returns to Shareholders
Dividends	779	752	678	649	592	566	511
Share Repurchases	488	441	50	1,200	1,591	239	815

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/7/2025	8/7/2025	5/7/2025	2/19/2025	11/7/2024	8/8/2024	5/7/2024	2/20/2024	11/7/2023	8/7/2023	5/9/2023	2/27/2023
Key Financials Quarterly
Total Revenue	1,980	1,932	1,787	2,362	1,826	1,763	1,598	2,036	1,708	1,687	1,645	2,019
Ebitda	715	666	594	714	666	649	535	645	668	641	530	606
Operating Income	649	603	535	698	603	588	514	620	593	561	529	573
Net Income	397	374	253	423	382	367	314	463	416	418	300	371
EPS	1.42	1.34	0.91	1.51	1.36	1.30	1.11	1.65	1.48	1.49	1.07	1.31
Key Financials TTM
Total Revenue TTM	8,061	7,907	7,738	7,549	7,223	7,105	7,029	7,076	7,059	6,991	6,940	6,842
Ebitda TTM	2,689	2,640	2,623	2,564	2,495	2,497	2,489	2,484	2,445	2,381	2,312	2,335
Operating Income TTM	2,485	2,439	2,424	2,403	2,325	2,315	2,288	2,303	2,256	2,216	2,197	2,167
Net Income TTM	1,447	1,432	1,425	1,486	1,526	1,560	1,611	1,597	1,505	1,420	1,226	1,325
Growth Rates Quarterly
Total Revenue Growth	8.4%	9.6%	11.8%	16.0%	6.9%	4.5%	-2.9%	0.8%	4.1%	3.1%	6.3%	6.8%
EBITDA Growth	7.4%	2.6%	11.0%	10.7%	-0.3%	1.2%	0.9%	6.4%	10.6%	12.1%	-4.2%	4.1%
Operating Income Growth	7.6%	2.6%	4.1%	12.6%	1.7%	4.8%	-2.8%	8.2%	7.2%	3.5%	6.0%	14.1%
Net Income Growth	3.9%	1.9%	-19.4%	-8.6%	-8.2%	-12.2%	4.7%	24.8%	25.7%	86.6%	-24.8%	12.4%
Margins Quarterly
EBITDA Margin	36.1%	34.5%	33.2%	30.2%	36.5%	36.8%	33.5%	31.7%	39.1%	38.0%	32.2%	30.0%
Operating Income Margin	32.8%	31.2%	29.9%	29.6%	33.0%	33.4%	32.2%	30.5%	34.7%	33.3%	32.2%	28.4%
Net Income Margin	20.1%	19.4%	14.2%	17.9%	20.9%	20.8%	19.6%	22.7%	24.4%	24.8%	18.2%	18.4%
Cash & Debt
Total Cash	1,045	677	607	707	548	520	652	512	656	437	349	367
Total Debt	11,554	11,389	11,357	12,286	11,193	11,164	11,188	12,031	11,525	11,568	11,747	12,661
Net Debt / (Cash)	10,509	10,712	10,750	11,579	10,645	10,644	10,536	11,519	10,869	11,131	11,398	12,294
Cash Flows Quarterly
FCF from Operations	543	446	404	513	471	342	363	448	477	329	349	452
Cash Flows TTM
FCF from Operations TTM	1,906	1,834	1,730	1,689	1,624	1,630	1,617	1,603	1,607	1,583	1,523	1,427
Returns to Shareholders Quarterly
Dividends	197	197	198	187	188	188	189	170	169	170	169	160
Share Repurchases	36	109	229	114	277	50	-0	-0	-0	-0	50	486
Return on Invested Capital (ROIC) Quarterly
ROIC	18.1%	16.9%	11.7%	19.3%	17.2%	16.7%	16.0%	21.5%	18.0%	17.6%	15.0%	16.2%
Return on Invested Capital (ROIC) TTM
ROIC TTM	17.1%	16.7%	16.5%	16.2%	18.2%	18.4%	19.1%	17.6%	17.5%	16.4%	14.5%	14.1%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Kentucky Fried Chicken (KFC) Division	2,830	2,834	2,793	2,272	2,491
Taco Bell Division	2,641	2,437	2,238	2,031	2,079
Pizza Hut Division	1,019	1,004	1,028	1,002	1,027
Habit Burger & Grill Division	586	567	525	347
Total	7,076	6,842	6,584	5,652	5,597

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Kentucky Fried Chicken (KFC) Division	1,304	1,198	1,230	922	1,052
Taco Bell Division	944	850	758	696	683
Pizza Hut Division	391	387	387	335	369
Unallocated Refranchising gain (loss)	29	27	35	34	37
Unallocated Franchise and property expenses	-1	-6	1	-4	-14
Unallocated Other income (expense)	-9	52	-14	-146	-9
Habit Burger & Grill Division	-14	-24	2	-22
Corporate and unallocated General and administrative (G&A) expenses	-326	-297	-260	-312	-188
Total	2,318	2,187	2,139	1,503	1,930

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Kentucky Fried Chicken (KFC) Division	2,281	2,227	2,313	2,011	2,042
Taco Bell Division	1,544	1,483	1,397	1,387	1,330
Corporate and Unallocated	962	757	820	1,113	1,058
Pizza Hut Division	814	788	850	804	801
Habit Burger & Grill Division	630	591	586	537
Total	6,231	5,846	5,966	5,852	5,231

Price Behavior

Price Behavior

Market Price	$151.06
Market Cap ($ Bil)	42.0
First Trading Date	09/17/1997
Distance from 52W High	-5.7%
	50 Days	200 Days
DMA Price	$146.22	$146.55
DMA Trend	up	indeterminate
Distance from DMA	3.3%	3.1%
	3M	1YR
Volatility	24.7%	24.9%
Downside Capture	-9.10	35.44
Upside Capture	0.05	41.08
Correlation (SPY)	-2.7%	28.5%

YUM Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	-0.41	-0.14	-0.07	0.12	0.35	0.42
Up Beta	-0.25	0.11	0.10	0.15	0.25	0.36
Down Beta	-1.13	-0.30	-0.26	-0.24	0.46	0.41
Up Capture	54%	-6%	9%	27%	30%	17%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	9	15	28	64	123	391
Down Capture	-89%	-18%	-17%	24%	45%	73%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	26	34	61	125	358

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of YUM With Other Asset Classes (Last 1Y)
	YUM	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	10.7%	4.9%	13.8%	61.2%	3.6%	-3.9%	-5.2%
Annualized Volatility	24.8%	24.8%	19.7%	19.4%	15.9%	17.7%	35.5%
Sharpe Ratio	0.36	0.14	0.54	2.34	0.04	-0.38	-0.01
Correlation With Other Assets		26.9%	27.9%	4.8%	2.9%	44.0%	4.3%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of YUM With Other Asset Classes (Last 5Y)
	YUM	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	9.4%	9.7%	14.5%	18.1%	11.5%	4.4%	36.7%
Annualized Volatility	20.2%	23.8%	17.1%	15.5%	18.9%	18.9%	48.9%
Sharpe Ratio	0.38	0.37	0.69	0.94	0.50	0.15	0.64
Correlation With Other Assets		44.1%	47.7%	8.9%	8.8%	47.5%	14.3%

Based On 10-Year Data

		Comparison of YUM With Other Asset Classes (Last 10Y)
	YUM	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	12.8%	12.7%	14.4%	14.3%	5.8%	5.3%	74.0%
Annualized Volatility	22.9%	22.0%	18.0%	14.7%	17.7%	20.8%	55.9%
Sharpe Ratio	0.52	0.53	0.69	0.80	0.26	0.22	0.93
Correlation With Other Assets		54.4%	58.0%	5.3%	18.4%	54.5%	9.9%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	6,795,499
Short Interest: % Change Since 11152025	0.3%
Average Daily Volume	2,041,438
Days-to-Cover Short Interest	3.33
Basic Shares Quantity	278,000,000
Short % of Basic Shares	2.4%

Returns Analyses

	Title
0	How Low Can Yum Brands Stock Really Go?
1	Yum Brands Stock Return Comparison
2	[10/3/2021] Yum! Brands (YUM) Stock Price Forecast: AI Forecasts YUM Stock Price To Be Around $126 In A Month (Up 2.1%)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/4/2025	7.3%	6.4%	5.1%
8/5/2025	-5.1%	-3.9%	-1.2%
4/30/2025	1.9%	0.4%	-2.0%
2/6/2025	9.7%	11.6%	24.4%
11/5/2024	1.5%	2.9%	4.6%
8/6/2024	2.6%	1.7%	1.6%
5/1/2024	-4.2%	-3.8%	-4.1%
2/7/2024	1.9%	3.1%	10.9%
...
SUMMARY STATS
# Positive	13	13	14
# Negative	11	11	10
Median Positive	1.9%	3.1%	4.8%
Median Negative	-1.9%	-3.8%	-4.1%
Max Positive	9.7%	11.6%	24.4%
Max Negative	-5.1%	-5.7%	-15.9%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11072025	10-Q 9/30/2025
6302025	8072025	10-Q 6/30/2025
3312025	5072025	10-Q 3/31/2025
12312024	2192025	10-K 12/31/2024
9302024	11072024	10-Q 9/30/2024
6302024	8082024	10-Q 6/30/2024
3312024	5072024	10-Q 3/31/2024
12312023	2202024	10-K 12/31/2023
9302023	11072023	10-Q 9/30/2023
6302023	8072023	10-Q 6/30/2023
3312023	5092023	10-Q 3/31/2023
12312022	2272023	10-K 12/31/2022
9302022	11082022	10-Q 9/30/2022
6302022	8082022	10-Q 6/30/2022
3312022	5102022	10-Q 3/31/2022
12312021	2232022	10-K 12/31/2021

External Quote Links

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Yum Brands (YUM)

Market Price (12/13/2025): $150.815 | Market Cap: $41.9 BilSector: Consumer Discretionary | Industry: Restaurants

Yum Brands (YUM)

Market Price (12/13/2025): $150.815Market Cap: $41.9 BilSector: Consumer DiscretionaryIndustry: Restaurants

Valuation, Metrics & Events

YUM Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Yum Brands (YUM)

Overall Fast Food and Quick Service Restaurant (QSR) Markets:

Addressable Markets by Brand:

KFC (Fried Chicken)

Pizza Hut (Pizza)

Taco Bell (Mexican-style Food)

The Habit Burger Grill (Chargrilled Burgers / Fast Casual Burgers)

Share Repurchases

Share Issuance

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets than Yum Brands (YUM)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

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1 Week Top Gainers

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FDIC Bank Data

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Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/13/2025): $150.815 | Market Cap: $41.9 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Market Price (12/13/2025): $150.815
Market Cap: $41.9 Bil
Sector: Consumer Discretionary
Industry: Restaurants