Yum China Holdings, Inc. (YUMC)
Yum China Holdings, Inc. is a prominent player in China's restaurant sector, engaging in the ownership, operation, and franchising of various dining establishments. Its core operations are structured around two primary segments: KFC and Pizza Hut. The company manages a diverse portfolio of restaurant brands, including popular names like KFC (known for chicken), Pizza Hut (pizza), Little Sheep (hot pot), Huang Ji Huang (simmer pot), Lavazza (Italian coffee), COFFii & JOY (specialty coffee), Taco Bell (Mexican-style cuisine), and East Dawning (Chinese food), operating and franchising these brands across the nation. Beyond its dining ventures, Yum China also runs V-Gold Mall, a mobile e-commerce platform offering a broad array of products. This includes electronics, home and kitchen accessories, and other general merchandise, alongside prepared meals such as fried rice, steak, and pasta, as well as coffee capsules. As of March 31, 2022, Yum China's extensive network comprised 12,117 restaurants situated across approximately 1,700 cities. Established in 2016, Yum China Holdings, Inc. maintains its headquarters in Shanghai, China.
Sector: Retail-Eating Places
Industry: Restaurants
Yum China Holdings, Inc.
NYSE:YUMCConsumer Cyclical · Restaurants
-0.49%$44.54
AH Close$44.54+0.00%vs close
AH Close$44.54+0.00%vs close
Mkt Cap$15.25B
Float341.02M
O/S342.46M
Inst Own67.9%
SI1.7%
Div Yield2.49%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$11.8B
Net Income$929M
Total Assets$10.78B
Free Cash Flow$840M
Debt & Equity
Debt 30%
Equity 70%
Total Debt$2.34B
Total Equity$5.38B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in YUMC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$10.78B
Liabilities$4.68B
Accounts Receivable$409M
Accounts Payable$793M
Inventory$438M
PP&E (Net)$4.73B
Goodwill$1.96B
Intangible Assets$148M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $11.8B | $11.3B | $10.98B | $9.57B | $9.85B | $8.26B | $8.78B | $8.41B | $7.77B | $6.75B | $6.91B | $6.93B | $6.91B |
| YoY Growth | 4.4% | 3.0% | 14.7% | -2.9% | 19.2% | -5.8% | 4.3% | 8.3% | 15.1% | -2.3% | -0.4% | 0.4% | - |
| Cost of Revenue | $9.76B | $9.41B | $9.09B | $8.14B | $8.45B | $7B | $6.97B | $7.1B | $6.49B | $5.68B | $6B | $6.09B | $6.03B |
| Gross Profit | $2.04B | $1.89B | $1.89B | $1.43B | $1.41B | $1.27B | $1.81B | $1.31B | $1.28B | $1.1B | $908M | $841M | $880M |
| Gross Margin | 17.3% | 16.7% | 17.2% | 14.9% | 14.3% | 15.3% | 20.6% | 15.6% | 16.5% | 16.2% | 13.1% | 12.1% | 12.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $581M | $568M | $638M | $594M | $564M | $479M | $896M | $456M | $495M | $429M | $395M | $389M | $356M |
| Other | $0 | $160M | $141M | $204M | -$544M | -$173M | $9M | $29M | $28M | $15M | $2M | -$17M | -$5M |
| Total Operating Expenses | $581M | $728M | $779M | $798M | $20M | $306M | $909M | $485M | $523M | $444M | $397M | $372M | $351M |
| Operating Income (EBIT) | $1.46B | $1.16B | $1.11B | $629M | $1.39B | $961M | $901M | $941M | $778M | $634M | $488M | $3M | $229M |
| Operating Margin | 12.4% | 10.3% | 10.1% | 6.6% | 14.1% | 11.6% | 10.3% | 11.2% | 10.0% | 9.4% | 7.1% | 0.0% | 3.3% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $74M | $129M | $169M | $84M | $60M | $43M | $39M | $36M | $25M | $11M | $8M | $14M | $5M |
| Other Income (Expense) | -$85M | $174M | $124M | $56M | $6M | $147M | $102M | $9M | $25M | $32M | $8M | $14M | $5M |
| Income Before Tax (EBT) | $1.37B | $1.34B | $1.23B | $685M | $1.39B | $1.11B | $1B | $950M | $803M | $666M | $496M | $17M | $234M |
| Income Tax Expense | $369M | $356M | $329M | $207M | $369M | $295M | $260M | $214M | $379M | $156M | $168M | $54M | $135M |
| Net Income | $929M | $911M | $827M | $442M | $990M | $784M | $713M | $708M | $398M | $502M | $323M | -$7M | $126M |
| Net Income Margin | 7.9% | 8.1% | 7.5% | 4.6% | 10.0% | 9.5% | 8.1% | 8.4% | 5.1% | 7.4% | 4.7% | -0.1% | 1.8% |
| Supplementary Data | |||||||||||||
| EPS | 2.53 | 2.35 | 1.99 | 1.05 | 2.35 | 2.01 | 1.89 | 1.84 | 1.03 | 1.37 | 0.84 | -0.02 | 0.32 |
| Diluted EPS | 2.50 | 2.34 | 1.97 | 1.04 | 2.28 | 1.95 | 1.84 | 1.79 | 1.00 | 1.36 | 0.84 | -0.02 | 0.32 |
| Weighted Average OS | 359.00M | 388.00M | 416.00M | 421.00M | 422.00M | 390.00M | 377.00M | 384.00M | 387.00M | 367.74M | 383.14M | 390.00M | 390.00M |
| EBITDA | $1.82B | $1.68B | $1.59B | $1.26B | $1.25B | $1.16B | $1.29B | $1.27B | $1.17B | $1.05B | $936M | $880M | $923M |
| EBITDA Margin | 15.4% | 14.8% | 14.4% | 13.2% | 12.7% | 14.0% | 14.7% | 15.2% | 15.1% | 15.6% | 13.5% | 12.7% | 13.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $506M | $723M | $1.13B | $1.13B | $1.14B | $1.16B | $1.05B | $1.27B | $1.06B | $885M | $425M | $238M |
| Short-Term Investments | $878M | $1.12B | $1.47B | $2.02B | $2.86B | $3.1B | $611M | $122M | $205M | $79M | $0 | $0 |
| Cash and Short-Term Investments | $1.38B | $1.84B | $2.6B | $3.15B | $4B | $4.26B | $1.66B | $1.39B | $1.26B | $964M | $425M | $238M |
| Accounts Receivable | $409M | $316M | $283M | $211M | $112M | $156M | $137M | $149M | $140M | $90M | $76M | $60M |
| Inventory | $438M | $405M | $424M | $417M | $432M | $398M | $380M | $307M | $297M | $268M | $189M | $260M |
| Other Current Assets | $126M | $129M | $124M | $160M | $176M | $119M | $83M | $66M | $60M | $65M | $56M | $45M |
| Total Current Assets | $2.36B | $2.69B | $3.43B | $3.94B | $4.72B | $4.94B | $2.26B | $1.95B | $1.8B | $1.43B | $799M | $648M |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $4.73B | $4.58B | $4.55B | $4.34B | $4.86B | $3.93B | $3.58B | $1.61B | $1.69B | $1.65B | $1.84B | $2B |
| Goodwill | $1.96B | $1.88B | $1.93B | $1.99B | $2.14B | $832M | $254M | $266M | $108M | $79M | $85M | $89M |
| Intangible Assets | $148M | $251M | $265M | $282M | $410M | $386M | $227M | $254M | $232M | $88M | $107M | $127M |
| Long-Term Investments | $1.06B | $1.46B | $1.6B | $1.04B | $504M | $306M | $199M | $128M | $95M | $71M | $61M | $52M |
| Deferred Tax Assets | $156M | $138M | $129M | $113M | $106M | $98M | $95M | $89M | $105M | $162M | $116M | $141M |
| Other Long-Term Assets | $362M | $122M | $122M | $119M | $482M | $388M | $337M | $306M | $254M | $254M | $192M | $199M |
| Total Long-Term Assets | $8.43B | $8.43B | $8.6B | $7.89B | $8.51B | $5.94B | $4.69B | $2.66B | $2.48B | $2.3B | $2.4B | $2.61B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $10.78B | $11.12B | $12.03B | $11.83B | $13.22B | $10.88B | $6.95B | $4.61B | $4.29B | $3.73B | $3.2B | $3.26B |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $793M | $801M | $786M | $727M | $830M | $708M | $623M | $619M | $420M | $480M | $438M | $501M |
| Short-Term Debt | $30M | $127M | $168M | $2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $76M | $90M | $68M | $51M | $72M | $45M | $54M | $39M | $33M | $22M | $78M |
| Current Unearned Revenue | $205M | $196M | $196M | $182M | $182M | $175M | $135M | $96M | $72M | $0 | $0 | $0 |
| Other Current Liabilities | $434M | $401M | $439M | $435M | $472M | $388M | $337M | $315M | $323M | $345M | $293M | $274M |
| Total Current Liabilities | $2.25B | $2.28B | $2.42B | $2.17B | $2.38B | $2.07B | $1.74B | $1.25B | $1.02B | $1B | $948M | $1.04B |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $47M | $36M | $32M | $28M | $26M | $31M | $33M | $175M | $195M | $153M | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $406M | $389M | $390M | $390M | $425M | $227M | $67M | $65M | $32M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $105M | $121M | $125M | $134M | $141M | $136M | $110M | $259M | $323M | $252M | $234M | $229M |
| Total Long-Term Liabilities | $2.43B | $2.41B | $2.49B | $2.5B | $2.92B | $2.34B | $2.04B | $380M | $416M | $280M | $268M | $263M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.68B | $4.69B | $4.91B | $4.67B | $5.3B | $4.4B | $3.77B | $1.63B | $1.44B | $1.28B | $1.22B | $1.3B |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $1.79B | $1.67B |
| Retained Earnings | $1.76B | $2.09B | $2.31B | $2.19B | $2.89B | $2.1B | $1.42B | $944M | $397M | $40M | $0 | $0 |
| Comprehensive Income & Other | -$157M | -$341M | -$229M | -$103M | $268M | $167M | -$49M | -$17M | $137M | $1M | $1.79B | $217M |
| Other Stockholders' Equity | $3.61B | $3.63B | $4.09B | $4.29B | $4.16B | $4.1B | $1.66B | $1.93B | $2.36B | $2.33B | $130M | $217M |
| Total Equity | $5.38B | $5.73B | $6.41B | $6.48B | $7.06B | $6.21B | $3.08B | $2.87B | $2.77B | $2.38B | $1.92B | $1.89B |
| Minority Interest | $720M | $699M | $714M | $678M | $866M | $265M | $98M | $104M | $82M | $66M | $64M | $66M |
| Total Liabilities and Equity | $10.06B | $10.42B | $11.32B | $11.15B | $12.36B | $10.61B | $6.85B | $4.51B | $4.21B | $3.66B | $3.14B | $3.19B |
| Supplementary Data | ||||||||||||
| Total Debt | $2.34B | $2.41B | $2.54B | $2.4B | $2.83B | $2.39B | $2.21B | $25M | $28M | $28M | $34M | $34M |
| Net Debt | $1.84B | $1.69B | $1.41B | $1.27B | $1.7B | $1.23B | $1.17B | -$1.24B | -$1.03B | -$857M | -$391M | -$204M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | $1B | $980M | $901M | $478M | $1.02B | $813M | $743M | $736M | $424M | $510M | $328M | -$37M | $99M |
| Depreciation & Amortization | $448M | $476M | $453M | $602M | $516M | $450M | $428M | $445M | $409M | $402M | $425M | $411M | $394M |
| Deferred Income Tax | -$14M | -$7M | -$10M | -$20M | $160M | $111M | $16M | $33M | $62M | -$42M | $29M | -$104M | -$49M |
| Stock-Based Compensation | $42M | $41M | $64M | $42M | $41M | $36M | $26M | $24M | $26M | $16M | $14M | $13M | $12M |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$11M | -$9M | -$6M | -$1M | -$5M | -$15M | -$9M | -$13M | $1M | -$54M | -$5M | -$5M | -$12M |
| Inventory | -$14M | $8M | -$19M | -$19M | -$16M | $17M | -$77M | -$23M | -$11M | -$96M | $61M | -$21M | $22M |
| Accounts Payable | -$33M | -$3M | $84M | $16M | $118M | $65M | $171M | $254M | -$56M | $123M | $31M | $39M | -$24M |
| Other Working Capital | -$453M | -$450M | -$417M | -$164M | -$559M | -$394M | -$392M | -$5M | -$12M | $13M | -$22M | -$23M | $1M |
| Total Working Capital Change | -$511M | -$454M | -$358M | -$168M | -$462M | -$327M | -$307M | $213M | -$78M | -$14M | $65M | -$10M | -$13M |
| Other Non-Cash Items | $497M | $383M | $423M | $479M | -$147M | $31M | $279M | -$118M | $41M | -$6M | $52M | $502M | $339M |
| Net Cash from Operating | $1.47B | $1.42B | $1.47B | $1.41B | $1.13B | $1.11B | $1.19B | $1.33B | $884M | $866M | $913M | $775M | $782M |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$626M | -$705M | -$710M | -$679M | -$689M | -$419M | -$435M | -$470M | -$415M | -$436M | -$512M | -$525M | -$568M |
| Acquisitions | -$14M | $0 | -$20M | -$23M | -$115M | -$305M | $0 | -$91M | -$25M | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$7.58B | -$4.73B | -$3.52B | -$5.19B | -$6.44B | -$4.56B | -$1.02B | -$678M | -$596M | -$136M | -$40M | -$427M | $0 |
| Sales of Investments | $8.22B | $5.25B | $3.5B | $5.37B | $6.38B | $2.12B | $534M | $680M | $479M | $53M | $40M | $427M | $0 |
| Other Investing Activities | $2M | $4M | $5M | $4M | $5M | $56M | $15M | $7M | $0 | $48M | $19M | $13M | -$7M |
| Net Cash from Investing | -$5M | -$178M | -$743M | -$522M | -$855M | -$3.11B | -$910M | -$552M | -$557M | -$471M | -$493M | -$512M | -$575M |
| Financing Activities | |||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | $2M | $3M | $2M | $1M | $1M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $2.19B | $0 | $0 | $0 | $460M | $0 | $0 | $0 |
| Common Stock Repurchases | -$1.14B | -$1.25B | -$613M | -$466M | -$75M | -$8M | -$265M | -$307M | -$128M | $0 | $0 | $0 | $0 |
| Dividends Paid | -$353M | -$248M | -$216M | -$202M | -$203M | -$95M | -$181M | -$161M | -$38M | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$92M | -$100M | -$51M | -$178M | -$35M | -$34M | -$34M | -$50M | -$17M | -$364M | -$214M | -$318M | -$135M |
| Net Cash from Financing | -$1.69B | -$1.64B | -$716M | -$844M | -$313M | $2.06B | -$480M | -$518M | -$185M | $93M | -$216M | -$319M | -$136M |
| Forex Effect | $11M | -$10M | -$16M | -$53M | $15M | $40M | -$6M | -$56M | $32M | -$28M | -$17M | -$6M | $6M |
| Net Change in Cash | -$217M | -$405M | -$2M | -$6M | -$22M | $103M | -$211M | $207M | $174M | $460M | $187M | -$62M | $77M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $1.47B | $1.42B | $1.47B | $1.41B | $1.13B | $1.11B | $1.19B | $1.33B | $884M | $866M | $913M | $775M | $782M |
| Capital Expenditure | -$626M | -$705M | -$710M | -$679M | -$689M | -$419M | -$435M | -$470M | -$415M | -$436M | -$512M | -$525M | -$568M |
| Free Cash Flow | $840M | $714M | $763M | $734M | $442M | $695M | $750M | $863M | $469M | $430M | $401M | $250M | $214M |
| Cash at Beginning | $723M | $1.13B | $1.13B | $1.14B | $1.16B | $1.05B | $1.27B | $1.06B | $885M | $425M | $238M | $300M | $223M |
| Cash at End | $506M | $723M | $1.13B | $1.13B | $1.14B | $1.16B | $1.05B | $1.27B | $1.06B | $885M | $425M | $238M | $300M |