Screener / SEC EDGAR /CIK 0001041061 /10-K filed Feb 20, 2026, compared with Feb 19, 2025 /Numbers from the XBRL of the 10-Ks
Consumer discretionary peers:
NYSE Consumer discretionary · Restaurants

Yum! Brands YUM

Yum! Brands, Inc. (referred to herein as “YUM”, the “Registrant” or the “Company”), was incorporated under the laws of the state of North Carolina in 1997. 10-K, Item 1

Headquarters
Louisville, KY
CEO
Christopher Lee Turner
Next results
around Feb 3, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $8.2B through the costs to a net profit of $1.6B · income statement of the 10-K

31% operating margin
Revenue to Gross profit: $5.7BRevenue to Cost of revenue: $2.5BGross profit to Operating profit: $2.6BGross profit to Operating expenses: $3.2BOperating profit to Net profit: $1.6BOperating profit to Tax & other: $1.0B Revenue: $8.2B REVENUE $8.2B +9% Y/Y Gross profit: $5.7B · 70% margin GROSS PROFIT $5.7B 70% margin Cost of revenue: $2.5B · 30% of revenue COST OF REVENUE $2.5B 30% of revenue Operating profit: $2.6B · 31% margin OPERATING PROFIT $2.6B 31% margin · +7% Y/Y Operating expenses: $3.2B · 38% of revenue OPERATING EXPENSES $3.2B 38% of revenue Net profit: $1.6B · 19% margin NET PROFIT $1.6B 19% margin · +5% Y/Y Tax & other: $1.0B · 12% of revenue TAX & OTHER $1.0B 12% of revenue
Gross profit $5.7B 70% margin
Operating profit $2.6B 31% margin · +7% Y/Y
Net profit $1.6B 19% margin · +5% Y/Y
The full income statement, year by year

YUM among Consumer discretionary peers

Six ratios from the latest 10-K. Each corner is the share of 46 peers the company is above, not a score.

Compare
Revenue growth: 8.8%, above 72% of 46 peers (their median 5.2%) REVENUE GROWTH 8.8% · above 72% Gross margin: 67.4%, above 87% of 30 peers (their median 40.7%) GROSS MARGIN 67.4% · above 87% Operating margin: 49.5%, above 100% of 39 peers (their median 15.8%) OPERATING MARGIN 49.5% · above 100% Net margin: 39.1%, above 100% of 46 peers (their median 10.8%) NET MARGIN 39.1% · above 100% FCF margin: 18.4%, above 82% of 44 peers (their median 9.2%) FCF MARGIN 18.4% · above 82%
YUM Peer median Below the median

What changed

7 new risk paragraphs. 10-K filed Feb 20, 2026 against Feb 19, 2025.

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 10 checks found nothing to note

  • Receivables +8.5% vs revenue +8.8% (-0.3 pts)
  • Cash from operations $2.0B vs net income $1.6B (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: KPMG, LLP
7 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Evaluation of unrecognized tax benefits
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

7 paragraphs in Risk Factors that were not in the 10-K filed Feb 19, 2025. Quoted as filed.

All 7 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
    We have initiated a process to explore strategic options for the Pizza Hut brand, and there can be no assurance that this process will result in any transaction or outcome, that we will be able to realize the anticipated benefits of any transaction, if completed, or other outcome, or that this process will not adversely impact our…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
    The Company, and our Concepts and their franchisees, are subject to numerous laws and regulations around the world which change regularly and are increasingly complex, including: the Americans with Disabilities Act in the U.S. and similar laws; laws related to employment, including the U.S. Fair Labor Standards Act, the U.S. Family and…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
    As of December 31, 2025, our total outstanding short-term borrowings and long-term debt was approximately $12.0 billion. Subject to the limits contained in the agreements governing our outstanding indebtedness, we may incur additional debt from time to time, which would increase the risks related to our level of indebtedness. Our level…

New risk paragraphs, against peers

Latest 10-K of each, Consumer discretionary companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$6.8B$7.1B$7.5B$8.2B
Net income$1.3B$1.6B$1.5B$1.6B
Operating cash flow$1.4B$1.6B$1.7B$2.0B
Free cash flow$1.1B$1.3B$1.4B$1.6B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$8.2B ▲ 8.8% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Yum! Brands, Louisville, KY · from the 10-K filed Feb 20, 2026

Yum! Brands, Inc. (referred to herein as “YUM”, the “Registrant” or the “Company”), was incorporated under the laws of the state of North Carolina in 1997. The principal executive offices of YUM are located at 1441 Gardiner Lane, Louisville, Kentucky 40213, and the telephone number at that location is (502) 874-8300. Our website address is https://www.yum.com. YUM, together with its subsidiaries, is referred to in this Form 10-K annual report (“Form 10-K”) as the Company. The terms “we,” “us” and “our” are also used in the Form 10-K to refer to the Company. Throughout this Form 10-K, the terms “restaurants,” “stores” and “units” are used interchangeably.

Headquarters
Louisville, KY
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 3, 2026
Incorporated in
NC

Email alerts

Sources

The 10-K filed Feb 20, 2026 (open at SEC), compared with the 10-K filed Feb 19, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/YUM/export.csv") into a cell.