YUM
Yum! Brands, Inc.
YUM's fundamentals are strong and it looks cheap: trading at 13x earnings, about half its usual 27x. Analysts expect earnings to hold roughly steady.
YUM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Stable |
YUM's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
YUM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 13x | $159 | — |
| Cheap | 23x | $291 | +83% |
| Forward | 25x | $159 | — |
| Fair | 27x | $332 | +108% |
| Expensive | 30x | $377 | +136% |
Historical ranges are pointers, not guarantees.
YUM's PE is in its cheap range at 13x. On analysts' estimates for next year's earnings, today's price would be 25x, in its fair range.
YUM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Stable | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect YUM's profitability to improve, with its earnings and revenue holding steady.
YUM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.48 | -48% |
| Q3 2026 | $12.46 | +143% |
| Q2 2026 | $7.95 | +57% |
| Q1 2026 | $6.20 | +24% |
| Q4 2025 | $5.55 | +6.3% |
| Q3 2025 | $5.13 | -4.1% |
| Q2 2025 | $5.07 | -7.1% |
| Q1 2025 | $5.02 | -11% |
| Q4 2024 | $5.22 | -6.6% |
YUM earned $12.46 per share over the past year, up 143% from the year before.
YUM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.1B | +3.8% |
| Q2 2026 | $2.2B | +12% |
| Q1 2026 | $2.1B | +15% |
| Q4 2025 | $2.5B | +6.5% |
| Q3 2025 | $2B | +8.4% |
| Q2 2025 | $1.9B | +9.6% |
| Q1 2025 | $1.8B | +12% |
| Q4 2024 | $2.4B | +16% |
YUM's revenue has grown year over year for 10 quarters in a row: $2.1B last quarter, up 3.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 113% | +79 points |
| Q2 2026 | 30% | -2 points |
| Q1 2026 | 31% | +0.6 points |
| Q4 2025 | 29% | +1.5 points |
| Q3 2025 | 34% | -0.3 points |
| Q2 2025 | 32% | -2.3 points |
| Q1 2025 | 31% | -1.9 points |
| Q4 2024 | 28% | -2.1 points |
YUM's operating margin was 113% last quarter, up 79 points from the same quarter a year ago, near the top of its range since 2019.
YUM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $388M | -14% |
| Q2 2026 | $407M | +8.5% |
| Q1 2026 | $341M | +2.4% |
| Q4 2025 | $482M | +18% |
| Q3 2025 | $449M | +7.2% |
| Q2 2025 | $375M | +28% |
| Q1 2025 | $333M | +6.1% |
| Q4 2024 | $407M | +19% |
YUM's free cash flow has been positive every quarter for seven years: $1.6B over the past year, up 3.5% from the year before.
YUM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -3M shares |
| 1 year | -2.5% | -7M shares |
| 3 years | -4.2% | -12M shares |
| 5 years | -9.3% | -28M shares |
| Available history | -12% | -39M shares |
YUM has 274M diluted shares, down 2.5% from a year ago, with $1.4B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $528M |
| Q2 2026 | $489M |
| Q1 2026 | $185M |
| Q4 2025 | $178M |
| Q3 2025 | $36M |
| Q2 2025 | $109M |
| Q1 2025 | $229M |
| Q4 2024 | $114M |
YUM spent $1.4B buying back its own shares over the past year, up 183% from the year before.
YUM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 4.9x | High |
| Q1 2026 | 4.5x | High |
| Q4 2025 | 4.0x | High |
| Q3 2025 | 3.9x | Elevated |
| Q2 2025 | 4.4x | High |
| Q1 2025 | 4.1x | High |
| Q4 2024 | 4.2x | High |
YUM's net debt is about 2.5 years of its operating earnings (EBITDA), down from 3.9 years a year ago.
YUM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.4 | Neutral |
| Stochastic | 72.4 | Neutral |
YUM's weekly RSI is 57 (neutral) and its Stochastic is 72 (neutral).
YUM PE vs Consumer Cyclical Sector
| Metric | YUM | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 18x | 29% below |
| PE % | 0 | 47 | 47 pts below |
YUM is trading at 13x earnings, a 29% discount to the Consumer Cyclical sector's median of 18x.
YUM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $149.5 | 6.6% above |
| 20 week MA | $150.5 | 5.9% above |
| 50 week MA | $153.8 | 3.6% above |
| 100 week MA | $149.6 | 6.5% above |
| 200 week MA | $141.1 | 13% above |
YUM is in an uptrend: it's above all five of its weekly moving averages, and 13% above its 200-week average.
YUM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $101.9 | $107.5 | +5.5% |
| 2021 | $107.5 | $135.3 | +26% |
| 2022 | $135.3 | $128.9 | -4.8% |
| 2023 | $128.9 | $130.7 | +1.4% |
| 2024 | $130.7 | $135.2 | +3.5% |
| 2025 | $135.2 | $153.2 | +13% |
| 2026 YTD | $153.2 | $159.3 | +4% |
YUM has finished higher in five of the last six years. It's up 4% so far in 2026.