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Yum Brands vs Yum China: revenue, profit, margins and growth compared

Yum Brands brought in $8.2B of revenue in fiscal 2025, Yum China $11.8B in fiscal 2025. Revenue changed by +8.8% at Yum Brands and +4.4% at Yum China on the year before, so Yum Brands grew faster. Yum Brands kept 19.0% of its revenue as net profit, Yum China 7.9%. Free cash flow was $1.6B at Yum Brands and $840M at Yum China.

Side by side, latest fiscal year

YUMYUMC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$8.2B$11.8B
Revenue growth+8.8%+4.4%
Net income$1.6B$929M
Net margin19.0%7.9%
Free cash flow$1.6B$840M
Free cash flow margin20.0%7.1%
Earnings per share (diluted)$5.55$2.51
Cash$709M$506M
Debt$39Mn/a
Price to earnings25.016.1
Market value$37.8B$13.9B
Dividend yield2.05%2.37%
Rank by revenue in sector#136 of 778 · Consumer discretionary#108 of 778 · Consumer discretionary

Over the years

Revenue
YUM FY2018: $5.7BYUM FY2019: $5.6BYUM FY2020: $5.7BYUM FY2021: $6.6BYUM FY2022: $6.8BYUM FY2023: $7.1BYUM FY2024: $7.5BYUM FY2025: $8.2BYUMC FY2018: $8.4BYUMC FY2019: $8.8BYUMC FY2020: $8.3BYUMC FY2021: $9.9BYUMC FY2022: $9.6BYUMC FY2023: $11BYUMC FY2024: $11.3BYUMC FY2025: $11.8BFY18FY19FY20FY21FY22FY23FY24FY25
YUM $8.2BYUMC $11.8B
Net income
YUM FY2018: $1.5BYUM FY2019: $1.3BYUM FY2020: $904MYUM FY2021: $1.6BYUM FY2022: $1.3BYUM FY2023: $1.6BYUM FY2024: $1.5BYUM FY2025: $1.6BYUMC FY2018: $708MYUMC FY2019: $713MYUMC FY2020: $784MYUMC FY2021: $990MYUMC FY2022: $442MYUMC FY2023: $827MYUMC FY2024: $911MYUMC FY2025: $929MFY18FY19FY20FY21FY22FY23FY24FY25
YUM $1.6BYUMC $929M
Net margin
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%YUMC FY2018: 8.4%YUMC FY2019: 8.1%YUMC FY2020: 9.5%YUMC FY2021: 10.0%YUMC FY2022: 4.6%YUMC FY2023: 7.5%YUMC FY2024: 8.1%YUMC FY2025: 7.9%FY18FY19FY20FY21FY22FY23FY24FY25
YUM 19.0%YUMC 7.9%
Revenue growth
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%YUMC FY2019: +4.3%YUMC FY2020: -5.8%YUMC FY2021: +19.2%YUMC FY2022: -2.9%YUMC FY2023: +14.7%YUMC FY2024: +3.0%YUMC FY2025: +4.4%FY19FY20FY21FY22FY23FY24FY25
YUM +8.8%YUMC +4.4%
Free cash flow
YUM FY2018: $942MYUM FY2019: $1.1BYUM FY2020: $1.1BYUM FY2021: $1.5BYUM FY2022: $1.1BYUM FY2023: $1.3BYUM FY2024: $1.4BYUM FY2025: $1.6BYUMC FY2018: $863MYUMC FY2019: $750MYUMC FY2020: $695MYUMC FY2021: $442MYUMC FY2022: $734MYUMC FY2023: $763MYUMC FY2024: $714MYUMC FY2025: $840MFY18FY19FY20FY21FY22FY23FY24FY25
YUM $1.6BYUMC $840M

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

Questions about Yum Brands and Yum China

Which is bigger by revenue, Yum Brands or Yum China?

Yum China is bigger by revenue: $11.8B in fiscal 2025, against $8.2B for Yum Brands in fiscal 2025.

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

Yum Brands had a net margin of 19.0% in fiscal 2025; Yum China had 7.9% in fiscal 2025.

Which grew revenue faster, Yum Brands or Yum China?

In their latest fiscal years revenue changed by +8.8% at Yum Brands and +4.4% at Yum China.

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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