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Yum China Holdings, Inc.

YUMC · CIK 0001673358

12 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$11.80B4.4%
FY2025
Net income (FY)
$929.0M2.0%
FY2025
Free cash flow (FY)
$840.0M17.6%
FY2025
Diluted EPS (FY)
$2.517.7%
FY2025
The story, charted

The shape of the business

FY2014–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10BFY2014 · Revenue $6.93B · Net income −$7.0M · 0001564590-17-003681 · filed 2017-03-08FY14Revenue $6.93BNet income −$7.0M0001564590-17-003681 · filed 2017-03-08FY2015 · Revenue $6.91B · Net income $323.0M · 0001564590-18-003524 · filed 2018-02-27FY15Revenue $6.91BNet income $323.0M0001564590-18-003524 · filed 2018-02-27FY2016 · Revenue $7.08B · Net income $498.0M · 0001564590-19-004944 · filed 2019-02-27FY16Revenue $7.08BNet income $498.0M0001564590-19-004944 · filed 2019-02-27FY2017 · Revenue $7.77B · Net income $398.0M · 0001564590-20-007403 · filed 2020-02-27FY17Revenue $7.77BNet income $398.0M0001564590-20-007403 · filed 2020-02-27FY2018 · Revenue $8.41B · Net income $708.0M · 0001564590-21-009460 · filed 2021-02-26FY18Revenue $8.41BNet income $708.0M0001564590-21-009460 · filed 2021-02-26FY2019 · Revenue $8.78B · Net income $713.0M · 0001564590-22-007640 · filed 2022-02-28FY19Revenue $8.78BNet income $713.0M0001564590-22-007640 · filed 2022-02-28FY2020 · Revenue $8.26B · Net income $784.0M · 0000950170-23-005571 · filed 2023-03-01FY20Revenue $8.26BNet income $784.0M0000950170-23-005571 · filed 2023-03-01FY2021 · Revenue $9.85B · Net income $990.0M · 0000950170-24-023147 · filed 2024-02-29FY21Revenue $9.85BNet income $990.0M0000950170-24-023147 · filed 2024-02-29FY2022 · Revenue $9.57B · Net income $442.0M · 0000950170-25-029134 · filed 2025-02-27FY22Revenue $9.57BNet income $442.0M0000950170-25-029134 · filed 2025-02-27FY2023 · Revenue $10.98B · Net income $827.0M · 0001193125-26-082824 · filed 2026-02-27FY23Revenue $10.98BNet income $827.0M0001193125-26-082824 · filed 2026-02-27FY2024 · Revenue $11.30B · Net income $911.0M · 0001193125-26-082824 · filed 2026-02-27FY24Revenue $11.30BNet income $911.0M0001193125-26-082824 · filed 2026-02-27FY2025 · Revenue $11.80B · Net income $929.0M · 0001193125-26-082824 · filed 2026-02-27FY25Revenue $11.80BNet income $929.0M0001193125-26-082824 · filed 2026-02-27FY25Revenue $11.80BNet income $929.0M0001193125-26-082824 · filed 2026-02-27FY15FY17FY19FY21FY23FY25

revenue 1.7× since FY2014 · net margin -0.1% → 7.9%

MarginsNet marginFCF margin
0%5%10%FY2014 · Net margin -0.1% · FCF margin 3.6%FY14Net margin -0.1%FCF margin 3.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 4.7% · FCF margin 5.8%FY15Net margin 4.7%FCF margin 5.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 7.0% · FCF margin 6.1%FY16Net margin 7.0%FCF margin 6.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 5.1% · FCF margin 6.0%FY17Net margin 5.1%FCF margin 6.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 8.4% · FCF margin 10.3%FY18Net margin 8.4%FCF margin 10.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 8.1% · FCF margin 8.5%FY19Net margin 8.1%FCF margin 8.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 9.5% · FCF margin 8.4%FY20Net margin 9.5%FCF margin 8.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 10.0% · FCF margin 4.5%FY21Net margin 10.0%FCF margin 4.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 4.6% · FCF margin 7.7%FY22Net margin 4.6%FCF margin 7.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 7.5% · FCF margin 7.0%FY23Net margin 7.5%FCF margin 7.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 8.1% · FCF margin 6.3%FY24Net margin 8.1%FCF margin 6.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 7.9% · FCF margin 7.1%FY25Net margin 7.9%FCF margin 7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 7.9%FCF margin 7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’16’19’22’25

FY2025: net 7.9% · free cash flow 7.1% of revenue

Cash engineOperating cash flowFree cash flow
$0$500M$1B$1.5BFY2014 · OCF $775.0M · FCF $250.0M · 0001564590-17-003681 · filed 2017-03-08FY14OCF $775.0MFCF $250.0M0001564590-17-003681 · filed 2017-03-08FY2015 · OCF $913.0M · FCF $401.0M · 0001564590-18-003524 · filed 2018-02-27FY15OCF $913.0MFCF $401.0M0001564590-18-003524 · filed 2018-02-27FY2016 · OCF $866.0M · FCF $430.0M · 0001564590-19-004944 · filed 2019-02-27FY16OCF $866.0MFCF $430.0M0001564590-19-004944 · filed 2019-02-27FY2017 · OCF $884.0M · FCF $469.0M · 0001564590-20-007403 · filed 2020-02-27FY17OCF $884.0MFCF $469.0M0001564590-20-007403 · filed 2020-02-27FY2018 · OCF $1.33B · FCF $863.0M · 0001564590-21-009460 · filed 2021-02-26FY18OCF $1.33BFCF $863.0M0001564590-21-009460 · filed 2021-02-26FY2019 · OCF $1.19B · FCF $750.0M · 0001564590-22-007640 · filed 2022-02-28FY19OCF $1.19BFCF $750.0M0001564590-22-007640 · filed 2022-02-28FY2020 · OCF $1.11B · FCF $695.0M · 0000950170-23-005571 · filed 2023-03-01FY20OCF $1.11BFCF $695.0M0000950170-23-005571 · filed 2023-03-01FY2021 · OCF $1.13B · FCF $442.0M · 0000950170-24-023147 · filed 2024-02-29FY21OCF $1.13BFCF $442.0M0000950170-24-023147 · filed 2024-02-29FY2022 · OCF $1.41B · FCF $734.0M · 0000950170-25-029134 · filed 2025-02-27FY22OCF $1.41BFCF $734.0M0000950170-25-029134 · filed 2025-02-27FY2023 · OCF $1.47B · FCF $763.0M · 0001193125-26-082824 · filed 2026-02-27FY23OCF $1.47BFCF $763.0M0001193125-26-082824 · filed 2026-02-27FY2024 · OCF $1.42B · FCF $714.0M · 0001193125-26-082824 · filed 2026-02-27FY24OCF $1.42BFCF $714.0M0001193125-26-082824 · filed 2026-02-27FY2025 · OCF $1.47B · FCF $840.0M · 0001193125-26-082824 · filed 2026-02-27FY25OCF $1.47BFCF $840.0M0001193125-26-082824 · filed 2026-02-27FY25OCF $1.47BFCF $840.0M0001193125-26-082824 · filed 2026-02-27’16’19’22’25

FY2025: $1.47B operating cash − $626.0M capex = $840.0M free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%FY2015 · ROE 16.8% · ROA 10.1%FY15ROE 16.8%ROA 10.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 21.0% · ROA 13.4%FY16ROE 21.0%ROA 13.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 14.4% · ROA 9.3%FY17ROE 14.4%ROA 9.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 24.6% · ROA 15.4%FY18ROE 24.6%ROA 15.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 23.2% · ROA 10.3%FY19ROE 23.2%ROA 10.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 12.6% · ROA 7.2%FY20ROE 12.6%ROA 7.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 14.0% · ROA 7.5%FY21ROE 14.0%ROA 7.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 6.8% · ROA 3.7%FY22ROE 6.8%ROA 3.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 12.9% · ROA 6.9%FY23ROE 12.9%ROA 6.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 15.9% · ROA 8.2%FY24ROE 15.9%ROA 8.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 17.3% · ROA 8.6%FY25ROE 17.3%ROA 8.6%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 17.3%ROA 8.6%derived: net income ÷ equity · derived: net income ÷ assets’16’19’22’25

return on equity 17% (FY2015) → 17% (FY2025) · on assets 8.6%

Balance sheetLiabilitiesEquity
$0$5B$10BFY2015 · Liabilities $1.22B · Equity $1.92BFY15Liabilities $1.22BEquity $1.92B0001564590-17-003681 · filed 2017-03-08FY2016 · Liabilities $1.28B · Equity $2.38BFY16Liabilities $1.28BEquity $2.38B0001564590-18-003524 · filed 2018-02-27FY2017 · Liabilities $1.44B · Equity $2.77BFY17Liabilities $1.44BEquity $2.77B0001564590-19-004944 · filed 2019-02-27FY2018 · Liabilities $1.63B · Equity $2.87BFY18Liabilities $1.63BEquity $2.87B0001564590-20-007403 · filed 2020-02-27FY2019 · Liabilities $3.77B · Equity $3.08BFY19Liabilities $3.77BEquity $3.08B0001564590-21-009460 · filed 2021-02-26FY2020 · Liabilities $4.40B · Equity $6.21BFY20Liabilities $4.40BEquity $6.21B0001564590-22-007640 · filed 2022-02-28FY2021 · Liabilities $5.30B · Equity $7.06BFY21Liabilities $5.30BEquity $7.06B0000950170-23-005571 · filed 2023-03-01FY2022 · Liabilities $4.67B · Equity $6.48BFY22Liabilities $4.67BEquity $6.48B0000950170-24-023147 · filed 2024-02-29FY2023 · Liabilities $4.91B · Equity $6.41BFY23Liabilities $4.91BEquity $6.41B0000950170-25-029134 · filed 2025-02-27FY2024 · Liabilities $4.69B · Equity $5.73BFY24Liabilities $4.69BEquity $5.73B0001193125-26-082824 · filed 2026-02-27FY2025 · Liabilities $4.68B · Equity $5.38BFY25Liabilities $4.68BEquity $5.38B0001193125-26-082824 · filed 2026-02-27FY25Liabilities $4.68BEquity $5.38B0001193125-26-082824 · filed 2026-02-27’16’19’22’25

FY2025: $10.78B assets · $4.68B liabilities · $5.38B equity

The receipts