Yum! Brands, Inc.

Consumer Cyclical

NYSE:YUM · New York Stock Exchange

Market Cap $42.58B Beta 0.57 P/E (TTM) 24.6

$154.48 +0.79%

+$1.21 today

52W Low $137.33High $169.39

Vol 0.72M · Avg 1.82M

EPS (TTM)$6.27

Div Yield1.89%

Restaurants

Income Statement

Follow revenue through to earnings

Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.

Income Statement Balance Sheet Cash Flow

Earnings Waterfall

Revenue to Net Income

Income Statement

Key Ratios

EPS$6.21

Gross Margin45.8%

Net Margin20.4%

P/E Ratio24.7

P/S Ratio20.1

Analysis

$8.5B of revenue converted into $1.7B of net income for the selected period. Gross margin is 45.8% and net margin is 20.4%, showing how much revenue survives after costs and taxes. EPS is $6.21, tying the income statement back to per-share earnings.

Income Statement

Annual data · 5 periods

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Revenue	$8.2B +8.8%	$7.5B +6.7%	$7.1B +3.4%	$6.8B +3.9%	$6.6B	$809.6M	$921.6M	$731.2M
Cost of Revenue	$4.4B +11.5%	$4.0B +10.8%	$3.6B +1.3%	$3.5B +3.4%	$3.4B	$725.6M	$804.0M	$882.4M

Gross Profit	$3.8B +5.8%	$3.6B +2.5%	$3.5B +5.7%	$3.3B +4.5%	$3.2B	$8.9B	$7.6B	$6.2B

Gross Margin	46.2% -1.3pp	47.5% -1.9pp	49.4% +1.1pp	48.3% +0.2pp	48.1%	9.8%	28.9%	38.3%
Research & Development	$0	$0	$0	$0	$0	$983.2M	$1.3B	$490.4M
Selling, General & Admin	$1.3B +6.9%	$1.2B -1.0%	$1.2B +4.6%	$1.1B +7.5%	$1.1B	$620.6M	$923.0M	-$1.5B

Operating Expenses	$1.3B +6.9%	$1.2B +0.3%	$1.2B +5.2%	$1.1B +9.1%	$1.0B	$5.3B	$7.0B	$8.7B
Depreciation & Amortization	$206.0M +17.7%	$175.0M +14.4%	$153.0M +4.8%	$146.0M -11.0%	$164.0M	$374.2M	$1.2B	$631.8M

EBITDA	$2.8B +8.5%	$2.6B +3.2%	$2.5B +6.4%	$2.3B -2.0%	$2.4B	-$15.2B	$6.8B	$9.3B
EBITDA Margin	33.9% -0.1pp	34.0% -1.1pp	35.1% +1.0pp	34.1% -2.1pp	36.2%	5.6%	46.3%	42.0%

Operating Income	$2.5B +5.3%	$2.4B +3.7%	$2.3B +6.0%	$2.2B +2.2%	$2.1B	$12.3B	$14.0B	-$15.7B

Operating Margin	30.8% -1.0pp	31.8% -0.9pp	32.8% +0.8pp	32.0% -0.5pp	32.5%	16.6%	24.1%	22.0%
Interest Income	$0	$0	$0	$0	$0	-$1.5B	-$1.6B	$405.0M
Interest Expense	$500.0M +2.2%	$489.0M -4.7%	$513.0M -2.7%	$527.0M -3.1%	$544.0M	$1.1B	$1.0B	$1.2B
Other Income / Expenses	-$453.0M +9.9%	-$503.0M -0.6%	-$500.0M +4.8%	-$525.0M -12.9%	-$465.0M	-$1.5B	$1.4B	$1.2B

Income Before Tax	$2.1B +9.3%	$1.9B +4.5%	$1.8B +9.4%	$1.7B -0.7%	$1.7B	$3.3B	$4.9B	$3.6B
Pre-Tax Margin	25.3% +0.1pp	25.2% -0.5pp	25.7% +1.4pp	24.3% -1.1pp	25.4%	20.8%	18.7%	26.2%
Income Tax Expense	$518.0M +25.1%	$414.0M +87.3%	$221.0M -34.4%	$337.0M +240.4%	$99.0M	$1.3B	-$1.6B	$745.2M

Net Income	$1.6B +4.9%	$1.5B -7.0%	$1.6B +20.5%	$1.3B -15.9%	$1.6B	$4.9B	$4.8B	$4.7B

Net Margin	19.0% -0.7pp	19.7% -2.9pp	22.6% +3.2pp	19.4% -4.6pp	23.9%	12.4%	17.5%	22.5%
EPS (Basic)	$6 +5.9%	$5 -7.0%	$6 +22.7%	$5 -12.6%	$5	$400.8M	$703.2M	$1.3B
EPS (Diluted)	$6 +6.5%	$5 -6.8%	$6 +22.5%	$5 -12.5%	$5	$766.2M	$609.4M	$452.6M
Weighted Avg Shares	$278.0M -1.4%	$282.0M +0.4%	$281.0M -1.7%	$286.0M -3.7%	$297.0M	$757.8M	$925.8M	$1.1B
Weighted Avg Shares (Diluted)	$278.0M -2.5%	$285.0M +0.0%	$285.0M -1.7%	$290.0M -4.0%	$302.0M	$1.2B	$924.4M	$678.0M