Yum China Holdings, Inc.YUMC
NYSE•Consumer Cyclical•Restaurants
Yum China Holdings, Inc. owns, operates, and franchises restaurants in the People's Republic of China. The company operates KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also offers online food deliver services. Yum China Holdings, Inc. was founded in 1987 and is headquartered in Shanghai, the People's Republic of China.
Yum China Holdings, Inc. (YUMC) reported trailing twelve months revenue of $12.09B as of March 2026, a 6.7% increase year-over-year. Quarterly revenue reached $3.27B, reflecting continued top-line momentum.
Yum China Holdings, Inc. generated $946.00M in TTM net income, with quarterly EBITDA of $564.00M. The operating margin expanded from 13.4% to 13.7%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (13.7%) and net margin (9.4%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 9.8% a year ago, reflecting increased costs or interest expense.
YUMC trades at a P/E of 18.0x (in line with broad market averages) and a P/S of 1.4x. The price-to-book ratio of 3.1x reflects a moderate premium to book value.
The company generated $406.00M in free cash flow over the trailing twelve months, a 28.9% increase year-over-year, indicating cash generation ability. The balance sheet shows $10.84B in total assets with no in long-term debt against $5.43B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~10.6%, suggesting durable pricing power and cost discipline.
ROE averages 15.9% but has fluctuated — the competitive advantage may be cyclical or emerging.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~9.4% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~10.9% — no sign of cost or pricing stress.
FCF covers net income by 0.7x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares decreased 9.3% — net buybacks are reducing shares outstanding and boosting per-share value.