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Restaurant Brands International vs Yum Brands: revenue, profit, margins and growth compared

Restaurant Brands International brought in $9.4B of revenue in fiscal 2025, Yum Brands $8.2B in fiscal 2025. Revenue changed by +12.2% at Restaurant Brands International and +8.8% at Yum Brands on the year before, so Restaurant Brands International grew faster. Restaurant Brands International kept 8.2% of its revenue as net profit, Yum Brands 19.0%. Free cash flow was $1.4B at Restaurant Brands International and $1.6B at Yum Brands.

Side by side, latest fiscal year

QSRYUM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$9.4B$8.2B
Revenue growth+12.2%+8.8%
Net income$776M$1.6B
Net margin8.2%19.0%
Free cash flow$1.4B$1.6B
Free cash flow margin15.4%20.0%
Earnings per share (diluted)$2.35$5.55
Cash$1.2B$709M
Debt$13.3B$39M
Price to earnings30.525.0
Market value$32.6B$37.8B
Dividend yield3.46%2.05%
Rank by revenue in sector#123 of 778 · Consumer discretionary#136 of 778 · Consumer discretionary

Over the years

Revenue
QSR FY2018: $5.4BQSR FY2019: $5.6BQSR FY2020: $5BQSR FY2021: $5.7BQSR FY2022: $6.5BQSR FY2023: $7BQSR FY2024: $8.4BQSR FY2025: $9.4BYUM FY2018: $5.7BYUM FY2019: $5.6BYUM FY2020: $5.7BYUM FY2021: $6.6BYUM FY2022: $6.8BYUM FY2023: $7.1BYUM FY2024: $7.5BYUM FY2025: $8.2BFY18FY19FY20FY21FY22FY23FY24FY25
QSR $9.4BYUM $8.2B
Net income
QSR FY2018: $612MQSR FY2019: $643MQSR FY2020: $486MQSR FY2021: $838MQSR FY2022: $1BQSR FY2023: $1.2BQSR FY2024: $1BQSR FY2025: $776MYUM FY2018: $1.5BYUM FY2019: $1.3BYUM FY2020: $904MYUM FY2021: $1.6BYUM FY2022: $1.3BYUM FY2023: $1.6BYUM FY2024: $1.5BYUM FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
QSR $776MYUM $1.6B
Net margin
QSR FY2018: 11.4%QSR FY2019: 11.5%QSR FY2020: 9.8%QSR FY2021: 14.6%QSR FY2022: 15.5%QSR FY2023: 16.9%QSR FY2024: 12.1%QSR FY2025: 8.2%YUM FY2018: 27.1%YUM FY2019: 23.1%YUM FY2020: 16.0%YUM FY2021: 23.9%YUM FY2022: 19.4%YUM FY2023: 22.6%YUM FY2024: 19.7%YUM FY2025: 19.0%FY18FY19FY20FY21FY22FY23FY24FY25
QSR 8.2%YUM 19.0%
Revenue growth
QSR FY2019: +4.6%QSR FY2020: -11.3%QSR FY2021: +15.5%QSR FY2022: +13.3%QSR FY2023: +7.9%QSR FY2024: +19.7%QSR FY2025: +12.2%YUM FY2019: -1.6%YUM FY2020: +1.0%YUM FY2021: +16.5%YUM FY2022: +3.9%YUM FY2023: +3.4%YUM FY2024: +6.7%YUM FY2025: +8.8%FY19FY20FY21FY22FY23FY24FY25
QSR +12.2%YUM +8.8%
Free cash flow
QSR FY2018: $1.1BQSR FY2019: $1.4BQSR FY2020: $804MQSR FY2021: $1.6BQSR FY2022: $1.4BQSR FY2023: $1.2BQSR FY2024: $1.3BQSR FY2025: $1.4BYUM FY2018: $942MYUM FY2019: $1.1BYUM FY2020: $1.1BYUM FY2021: $1.5BYUM FY2022: $1.1BYUM FY2023: $1.3BYUM FY2024: $1.4BYUM FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
QSR $1.4BYUM $1.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about Restaurant Brands International and Yum Brands

Which is bigger by revenue, Restaurant Brands International or Yum Brands?

Restaurant Brands International is bigger by revenue: $9.4B in fiscal 2025, against $8.2B for Yum Brands in fiscal 2025.

Which keeps more of its revenue as profit, Restaurant Brands International or Yum Brands?

Restaurant Brands International had a net margin of 8.2% in fiscal 2025; Yum Brands had 19.0% in fiscal 2025.

Which grew revenue faster, Restaurant Brands International or Yum Brands?

In their latest fiscal years revenue changed by +12.2% at Restaurant Brands International and +8.8% at Yum Brands.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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