Quarterly results
Free cash flow
$406M
$315M previously · +28.89%
Operating income
$447M
$399M previously · +12.03%
Primary evidence: 10-Q · May 8, 2026
Comparison evidence: 10-Q · May 9, 2025
Following Yum China Holdings, Inc.?
Yum China Holdings, Inc.
Financial performance and company analysis from public filings and market data.
YUMCNYSE
Yum China Holdings Common StockLatest close
$45.55
Company snapshot
A consistent view of the latest supported company value and reported operating results.
Market cap
$15.59B
Shares reported Aug 4, 2026
Revenue (TTM)
$12.09B
Net income (TTM)
$946.0M
Free cash flow (TTM)
$931.0M
Fundamental lens
Four transparent questions from retained financial evidence. Each result stands on its own; Grizzly Bulls does not combine them into a score, ranking, or recommendation.
Profitability
Profitable
Is trailing-twelve-month net income positive?
Trailing-twelve-month net income is positive. As of 2026-03-31.
Net income (TTM): $946M
Cash generation
Positive free cash flow
Is trailing-twelve-month free cash flow positive?
Trailing-twelve-month operating cash flow less capital expenditures is positive. As of 2026-03-31.
Free cash flow (TTM): $931M
Liquidity
Unknown
Do reported current assets cover reported current liabilities?
Comparable current assets and current liabilities are not available for the same retained reporting date.
Recent operating direction
Improving
What changed in the latest comparable reported results?
All 2 material financial changes in the latest retained results moved higher than their comparison periods. As of 2026-05-08.
Free cash flow: $406M vs 315M USD on 2025-03-31 · Operating income: $447M vs 399M USD on 2025-03-31
How this lens works
Profitability uses only the sign of retained trailing-twelve-month net income. Cash generation uses only the sign of retained trailing-twelve-month free cash flow, defined as operating cash flow less capital expenditures.
Liquidity compares current assets with current liabilities only when both are retained for the same reporting date. It does not infer liquidity from differently dated balance sheets.
Recent operating direction uses the latest supported material financial event when comparable history exists. The existing change methodology requires at least a 10% absolute change or a sign/zero transition and compares quarterly results only with the same fiscal quarter year over year.
Market summary
Completed-session reference prices from IEX for Oct 26, 2026.
Open
$44.76
Completed session
High
$45.61
Completed session
Low
$44.76
Completed session
Close
$45.55
Completed session
Price statistics
1M close return
12.6%
Through Oct 26, 2026
3M close return
1.9%
Through Oct 26, 2026
50-session reference-close average
$43.58
Through Oct 26, 2026
IEX historical data reflects IEX activity only and is presented as a source-scoped reference point, not as consolidated U.S. market history. Prices are unadjusted. Price returns exclude dividends and are not total returns. Historical statistics appear only when the retained source-session chain is complete and no split-like share-basis discontinuity is detected for that calculation window.
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use.
Price history
Five years of adjusted closing-price history for this listing, shown as historical context rather than a live quote.
About this price history
The chart uses the market provider's adjusted daily close for the current listing. It does not stitch predecessor listings and does not represent total return, benchmark performance, or historical valuation.
Listing & sources
Ticker: YUMC · Exchange: NYSE · Yum China Holdings Common Stock
Financials
Reviewed reported financial history is shown here when the shared universal financial reader is unavailable.
| Metric | Q1 · Mar 31, 2026 | Q4 · Dec 31, 2025 | Q3 · Sep 30, 2025 | Q2 · Jun 30, 2025 | Q1 · Mar 31, 2025 | Q2 · Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Revenue | $3.3B | $2.8B | $3.2B | $2.8B | $3B | $2.7B |
| Operating income | $447M | $187M | $400M | $304M | $399M | $266M |
| Net income | $309M | $140M | $282M | $215M | $292M | $212M |
| Operating cash flow | $550M | $125M | $477M | $412M | $452M | $401M |
| Capital expenditures | $144M | $241M | $126M | $122M | $137M | $169M |
| Free cash flow | $406M | -$116M | $351M | $290M | $315M | $232M |
| Metric | TTM · Mar 31, 2026 | TTM · Dec 31, 2025 |
|---|---|---|
| Revenue | $12.1B | $11.8B |
| Operating income | $1.3B | $1.3B |
| Net income | $946M | $929M |
| Operating cash flow | $1.6B | $1.5B |
| Capital expenditures | $633M | $626M |
| Free cash flow | $931M | $840M |
| Metric | Year · Dec 31, 2025 | Year · Dec 31, 2024 | Year · Dec 31, 2023 | Year · Dec 31, 2022 | Year · Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $11.8B | $11.3B | $11B | $9.6B | $9.9B |
| Operating income | $1.3B | $1.2B | $1.1B | $629M | $1.4B |
| Net income | $929M | $911M | $827M | $442M | $990M |
| Operating cash flow | $1.5B | $1.4B | $1.5B | $1.4B | $1.1B |
| Capital expenditures | $626M | $705M | $710M | $679M | $689M |
| Free cash flow | $840M | $714M | $763M | $734M | $442M |
Valuation
Reviewed current market-value multiples appear only when the matching denominator is supported.
Market cap
$15.6B
Closing prices Oct 26, 2026
Statistics
A compact key-metrics view of supported financial, valuation, balance-sheet, cash-flow, capital-return, and market facts. Relevant market, historical-window, and reporting dates stay attached to each figure.
Current market-value measures and supported trailing multiples, preserving their market and denominator dates.
Market cap
$15.6B
close Oct 26, 2026 · shares Aug 4, 2026
Deterministic margins and annual growth rates already derived from validated reported financials.
Operating margin (TTM)
11.07%
TTM through Mar 31, 2026
Free cash flow margin (TTM)
7.7%
TTM through Mar 31, 2026
Revenue growth
4.37%
Dec 31, 2025 vs Dec 31, 2024
Operating income growth
11.02%
Dec 31, 2025 vs Dec 31, 2024
Free cash flow growth
17.65%
Dec 31, 2025 vs Dec 31, 2024
Latest supported balance-sheet facts plus reviewed debt and liquidity measures where available.
Cash & equivalents
$473M
quarter ended Mar 31, 2026
Total assets
$10.8B
quarter ended Mar 31, 2026
Total liabilities
$4.7B
quarter ended Mar 31, 2026
Stockholders' equity
$5.4B
quarter ended Mar 31, 2026
Latest supported operating cash flow, capital spending, free cash flow, dividends, and repurchases.
Operating cash flow (TTM)
$1.6B
TTM through Mar 31, 2026
Capital expenditures (TTM)
$633M
TTM through Mar 31, 2026
Free cash flow (TTM)
$931M
TTM through Mar 31, 2026
Dividends paid
$353M
year ended Dec 31, 2025
Share repurchases
$1.1B
year ended Dec 31, 2025
Ownership intelligence
Beneficial-ownership snapshots, limited filing observations, and insider transactions are different facts. This view keeps them separate instead of reconstructing a position from transaction flow.
Limited ownership observations (1)
These filings are partial incremental or legacy observations. They can show what a filing reported, but they are not complete current-position snapshots and are not added together.
| Reporting owner | Scope | Reported positions | As of | Evidence |
|---|---|---|---|---|
| David Hoffmann | Partial incremental | 1 | Jun 1, 2026 | Source ↗ |
How to read ownership intelligence
Current beneficial ownership, transaction activity, institutional ownership, and connected-wealth relationships are separate source families. Institutional ownership is not part of this view.
Transaction security titles stay source-reported unless a reviewed legal-security mapping exists; Grizzly Bulls does not guess from similar names.
This is a reader-facing presentation of reviewed evidence. It does not create new rankings, alerts, change intelligence, narratives, or calculations.
What Changed?
Deterministic changes from supported reported financials, reviewed share-count history, and comparable reviewed ownership records. Events are ordered by when the supporting information became public, not by a Grizzly Bulls importance score.
Annual results
Free cash flow
$840M
$714M previously · +17.65%
Operating income
$1.3B
$1.2B previously · +11.02%
Primary evidence: 10-K · Feb 27, 2026
Comparison evidence: 10-K · Feb 27, 2026
Annual results
Net income
$911M
$827M previously · +10.16%
Primary evidence: 10-K · Feb 27, 2026
Comparison evidence: 10-K · Feb 27, 2026
Annual results
Net income
$827M
$442M previously · +87.1%
Operating income
$1.1B
$629M previously · +75.83%
Revenue
$11B
$9.6B previously · +14.72%
Primary evidence: 10-K · Feb 27, 2026
Comparison evidence: 10-K · Feb 27, 2025
Show earlier changes
Quarterly results
Free cash flow
$290M
$232M previously · +25%
Operating income
$304M
$266M previously · +14.29%
Primary evidence: 10-Q · May 9, 2025 · 10-Q · Aug 11, 2025
Comparison evidence: 10-Q · May 8, 2024 · 10-Q · Aug 9, 2024
Quarterly results
Free cash flow
$315M
$253M previously · +24.51%
Primary evidence: 10-Q · May 9, 2025
Comparison evidence: 10-Q · May 8, 2024
Annual results
Free cash flow
$734M
$442M previously · +66.06%
Net income
$442M
$990M previously · -55.35%
Operating income
$629M
$1.4B previously · -54.62%
Primary evidence: 10-K · Feb 27, 2025
Comparison evidence: 10-K · Feb 29, 2024
Quarterly results
Free cash flow
$232M
$264M previously · -12.12%
Primary evidence: 10-Q · May 8, 2024 · 10-Q · Aug 9, 2024
Comparison evidence: 10-Q · May 8, 2023 · 10-Q · Aug 9, 2023
Coverage & methodology
Financial-result events require at least a 10% absolute change or a sign/zero transition in supported revenue, operating income, net income, or free cash flow. Quarterly comparisons are same fiscal quarter year over year; annual comparisons use adjacent comparable annual periods.
Share-count events use only consecutive reviewed complete share-count observations. Ownership events require explicit comparable complete beneficial-ownership snapshots; partial incremental ownership reports are never treated as complete positions.
This is a structured change feed, not a general news feed or generated factual narrative. Missing source history can mean that a change is not measurable here.
Financial analysis
Margins and growth rates are calculated from the reported financial results shown on this page.
Operating margin (TTM)
11.07%
Free cash flow margin (TTM)
7.7%
Operating margin
10.93%
Free cash flow margin
7.12%
Revenue growth
4.37%
Operating income growth
11.02%
Free cash flow growth
17.65%
Connected wealth
Reviewed wealth records connect this company to major fortunes while keeping company ownership, legal-security positions, voting power, control, and observation dates distinct.
- 1 reviewed legal-security position
- Ownership connection
- Reported security position
This is reviewed connected-wealth research, not a complete institutional-ownership table.
Related Grizzly Bulls research
- Billionaire Public-Equity Positions Dataset
This company appears in Grizzly Bulls’ reviewed cross-company dataset of billionaire SEC public-equity positions.