YUM BRANDS INC (YUM) closed fiscal year 2025 with a gross margin of 69.8 % and a net margin of 19.0 %.
YUM BRANDS INC (YUM) closed fiscal year 2025 with a gross margin of 69.8 % and a net margin of 19.0 %. The same year shows an EBITDA margin of 33.8 % and an EBIT margin of 31.3 %. The free cash flow margin was 20.0 %. Against the previous year the gross margin moved −2.1 pp and the net margin −0.7 pp. Across the period the gross margin ranges between 25.1 % in 2008 and 77.9 % in 2019. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 25.51 % | 25.12 % | 26.78 % | 28.41 % | 27.61 % | 27.73 % | 27.38 % | 27.09 % | — | — | — | 71.27 % | 77.93 % | 73.35 % | 73.80 % | 74.50 % | 74.93 % | 71.92 % | 69.77 % |
| EBITDA margin (%) | 18.20 % | 18.34 % | 20.03 % | 20.79 % | 19.42 % | 21.70 % | 19.25 % | 13.89 % | 27.31 % | 31.34 % | 51.28 % | 42.77 % | 36.48 % | 29.18 % | 34.98 % | 34.10 % | 34.92 % | 34.15 % | 33.84 % |
| EBIT margin (%) | 13.00 % | 13.42 % | 14.67 % | 15.60 % | 14.38 % | 16.83 % | 13.74 % | 11.42 % | 22.34 % | 26.46 % | 46.97 % | 40.37 % | 34.48 % | 26.59 % | 32.49 % | 31.96 % | 32.76 % | 31.83 % | 31.34 % |
| Net margin (%) | 8.71 % | 8.53 % | 9.88 % | 10.21 % | 10.45 % | 11.71 % | 8.34 % | 7.91 % | 19.99 % | 25.85 % | 22.80 % | 27.11 % | 23.12 % | 15.99 % | 23.92 % | 19.37 % | 22.57 % | 19.68 % | 18.98 % |
| FCF margin (%) | 7.91 % | 5.18 % | 5.60 % | 10.33 % | 9.74 % | 8.77 % | 8.33 % | 7.65 % | 18.17 % | — | 12.11 % | 16.56 % | 19.99 % | 20.26 % | 22.42 % | 16.78 % | 18.63 % | 18.97 % | 19.95 % |
