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Yum! Brands YUM United States — Operating Lease, Liability

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Other financials

Income statement

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Revenue$2.2B+12.2%
Gross profit$1.4B+9.1%
Operating income$655.0M+5.3%
Net income$853.0M+128%
EPS (diluted)$3.08+132%

Balance sheet

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Cash & equivalents$674.0M-17.6%
Total debt$2.8B+43.2%
Total equity-$7.1B+7.5%
Total assets$8.7B+25.5%

Cash flow

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Operating cash flow$507.0M+13.7%
CapEx$100.0M+40.8%
Free cash flow$407.0M+8.5%

Valuation

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Market cap$39.66B+1.2%
Enterprise value$41.8B+3.6%
P/E17.9×-9.5×
P/S4.6×-0.4×

Profitability

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Gross margin68.9%-2.2pp
Operating margin31%+0.1pp
Net margin25.4%+7.3pp
FCF margin19.3%-0.1pp

Returns & leverage

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Return on equity105.2%
Debt / equity45×
Current ratio0.6×-0.2×

Where this comes from

Reported directly by Yum! Brands in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiability.

The source filing: Yum! Brands’s 10-K, filed February 20, 2026.

Filed
Feb 20, 2026, 4:54 PM EST
Fiscal year
FY2025
Accession
0001041061-26-000084

(a) U.S. operating lease right-of-use assets and liabilities totaled $846 million and $903 million, respectively, as of December 31, 2025, and $549 million and $615 million, respectively, as of December 31, 2024. These amounts primarily related to Taco Bell U.S. and Habit Burger & Grill leases related to Company-operated restaurants, leases related to franchise-operated restaurants we sublease and the Taco Bell and Habit Burger & Grill restaurant support center.

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Yum! Brands's united states — operating lease, liability?
Yum! Brands (YUM) reported united states — operating lease, liability of $903M in Q4 2025.
How has Yum! Brands's united states — operating lease, liability changed year-over-year?
Yum! Brands's united states — operating lease, liability increased by 46.8% year-over-year, from $615M to $903M.
What does united states — operating lease, liability mean?
This metric represents the present value of future lease payments for restaurant locations within the United States segment, recognized as a liability on the balance sheet. It captures the company's contractual obligation to make payments over the remaining lease terms for its domestic store footprint. Monitoring this liability is critical for assessing the company's fixed-cost structure and long-term financial leverage related to real estate.

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