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Yum China Holdings

YUMC

Yum China is the largest restaurant company in China, operating a vast network of quick-service and casual dining brands.

Market cap
$15.61B-9.3%
Revenue$12.1B+6.7%
Net income$946.0M+3.3%
Free cash flow$1.4B+86.8%
EPS (diluted)$2.61+9.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Today)
Revenue estimate$3.1B
EPS estimate$0.69

Financials

Q1 2026

Income statement

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Revenue$3.3B+9.7%
Operating income$447.0M+12.0%
Net income$309.0M+5.8%
EPS (diluted)$0.87+13.0%

Balance sheet

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Cash & equivalents$473.0M-42.7%
Total debt$2.3B-2.3%
Total equity$5.4B-6.1%
Total assets$10.8B-1.5%

Cash flow

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Operating cash flow$550.0M+21.7%
CapEx$144.0M+5.1%
Free cash flow$406.0M+28.9%

Valuation & ratios

Valuation

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Market cap$15.34B-9.3%
Enterprise value$17.18B-7.2%
P/E16.2×-2.1×
P/S1.3×-0.2×

Profitability

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Operating margin11.1%+0.6pp
Net margin7.8%-0.3pp

Returns & leverage

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Return on equity16.9%+1.1pp
Debt / equity0.4×0.0×
Current ratio-0.2×

Segments

By segment

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KFC$2.5B+9.2%
Pizza Hut$635.0M+6.7%
All Other Segments$288.0M+42.6%
Corporate And Unallocated$131.0M+29.7%

Competitors

Profile

Yum China is the largest restaurant company in China, operating a vast network of quick-service and casual dining brands. The company holds exclusive rights to operate and sublicense iconic global brands like KFC, Pizza Hut, and Taco Bell in mainland China, while also developing proprietary concepts and joint ventures. Its value proposition centers on a technology-driven dining experience, extensive supply chain infrastructure, and a massive digital loyalty ecosystem.

Competitive position

Market leader in the Chinese restaurant industry by system sales with a dominant position in both QSR and CDR segments.

GeographiesChina, Hong Kong
Customer segmentsMass Market, Middle Class, Urban Consumers
Business modelFranchise and Licensing, Direct-to-Consumer Retail, Joint Venture, Digital E-commerce
SuppliersPoultry and protein producers, Agricultural commodity suppliers, Paper and packaging manufacturers, Logistics and cold chain providers
CustomersIndividual retail consumers, Delivery platform users, Franchisees, Third-party logistics clients
CountryChina
Listed2016
Employees432.0K
CEOJoey Wat
IndustryRestaurants
FilingsSEC EDGAR

Questions, answered.

What is Yum China Holdings's market cap?
Yum China Holdings (YUMC) has a market capitalization of $15.6B and trades on NYSE.
What is Yum China Holdings's revenue and profitability?
Yum China Holdings generated $12.1B in trailing twelve-month revenue with net income of $946.0M, representing a net margin of 7.8%. Gross margin stands at 24.4%, with free cash flow of $1.4B. These figures are based on the Q1 2026 filing.
Who are Yum China Holdings's competitors?
Yum China Holdings's key competitors include Burger King, McDonald's, Domino's Pizza, and others. These companies compete in similar markets and product categories.
Who does Yum China Holdings partner with?
Yum China Holdings's notable partners include Yum! Brands Inc., Luigi Lavazza S.p.A., Alipay, and others.
What subsidiaries does Yum China Holdings have?
Yum China Holdings's subsidiaries include Huang Ji Huang, Little Sheep, Yum Restaurants Consulting (Shanghai) Company Limited.
Where is Yum China Holdings headquartered?
Yum China Holdings is headquartered in China and employs approximately 432,000 people. It has been publicly traded since 2016.