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YUM! BRANDS, INC. FY 2025 10-K, explained in plain English

YUM ยท 10-K for the period ending December 31, 2025, filed February 20, 2026 ยท Read the original on SEC.gov โ†’

Key financials โ€” as reported

Total revenue$8.2B
Gross margin69.8%
Operating income$2.6B
Net income$1.6B
Diluted EPS$5.55
Cash & equivalents$709.0M
Total assets$8.2B
Long-term debt$11.9B

Key takeaway

The company operates a highly franchised model with only 1,617 company-owned restaurants representing about 3% of the total system.

๐Ÿ”’ 4 more takeaways in the full analysis

Beneath the surface

Total debt of roughly $12.0 billion against cash of only $709 million (or $923 million including restricted cash) leaves YUM with a large net debt position of over $11 billion, a leverage level the filing itself warns 'makes us more sensitive to adverse economic conditions'.

๐Ÿ”’ 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings โ€” plus insider trades, activist stakes, and 8-K events for YUM.

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