Yum Brands
Yum Brands returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 59.55% | — | — | 28.42% | — |
| FY 2026 Q1 | Mar 31, 2026 | 49.26% | 50.76% | 13.26% | — | 23.38% | 41.6 pp |
| FY 2025 Q4 | Dec 31, 2025 | 55.64% | 42.41% | 6.52% | — | 20.89% | 47.9 pp |
| FY 2025 Q3 | Sep 30, 2025 | 58.96% | 44.65% | — | — | 21.2% | 51.3 pp |
| FY 2025 Q2 | Jun 30, 2025 | 49.96% | 49.18% | -19.61% | — | 21.51% | 42.3 pp |
| FY 2025 Q1 | Mar 31, 2025 | 61.18% | 46.46% | -161.4% | — | 22.12% | 53.5 pp |
| FY 2024 Q4 | Dec 31, 2024 | 63.77% | 46.16% | -64.27% | — | 22.94% | 56.1 pp |
| FY 2024 Q3 | Sep 30, 2024 | 62.52% | 47.86% | 36.32% | — | 24.35% | 54.8 pp |
| FY 2024 Q2 | Jun 30, 2024 | 62.76% | 48.84% | 188.08% | — | 25.48% | 55.1 pp |
| FY 2024 Q1 | Mar 31, 2024 | 68.19% | 50.16% | — | — | 26.91% | 60.5 pp |
| FY 2023 Q4 | Dec 31, 2023 | 74.96% | 50.75% | 134.87% | — | 26.45% | 67.3 pp |
| FY 2023 Q3 | Sep 30, 2023 | 66.13% | 50.25% | 75.94% | — | 25.4% | 58.4 pp |
| FY 2023 Q2 | Jun 30, 2023 | 62.39% | 49.51% | -21.14% | — | 24.4% | 54.7 pp |
| FY 2023 Q1 | Mar 31, 2023 | 57.43% | 50.55% | -115.29% | — | 21.2% | 49.7 pp |
| FY 2022 Q4 | Dec 31, 2022 | 69.81% | 50.09% | -121.7% | — | 22.43% | 62.1 pp |
| FY 2022 Q3 | Sep 30, 2022 | 63.69% | 43.98% | -166.65% | — | 21.05% | 56 pp |
| FY 2022 Q2 | Jun 30, 2022 | 70.62% | 48.1% | 33.62% | — | 25.89% | 62.9 pp |
| FY 2022 Q1 | Mar 31, 2022 | 80.54% | 49.04% | 694.59% | — | 29% | 72.8 pp |
| FY 2021 Q4 | Dec 31, 2021 | 81.25% | 49.01% | — | — | 26.65% | 73.5 pp |
| FY 2021 Q3 | Sep 30, 2021 | 82.83% | 44.27% | — | — | 25.27% | 75.1 pp |
| FY 2021 Q2 | Jun 30, 2021 | 68.59% | 45.66% | — | — | 22.07% | 60.9 pp |
| FY 2021 Q1 | Mar 31, 2021 | 60.39% | 41.5% | — | — | 19.72% | 52.7 pp |
| FY 2020 Q4 | Dec 31, 2020 | 53.88% | 38.21% | -257.61% | — | 16.31% | 46.2 pp |
| FY 2020 Q3 | Sep 30, 2020 | 25.87% | 36.77% | — | — | 19.16% | 18.2 pp |
| FY 2020 Q2 | Jun 30, 2020 | 24.47% | 37.37% | — | — | 18.6% | 16.8 pp |
| FY 2020 Q1 | Mar 31, 2020 | 26.95% | 43.66% | — | — | 20.59% | 19.2 pp |
| FY 2019 Q4 | Dec 31, 2019 | 79.73% | 59.21% | -55.05% | — | 27.65% | 72 pp |
| FY 2019 Q3 | Sep 30, 2019 | 28.81% | 60.91% | — | — | 24.9% | 21.1 pp |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | — | — | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | — | — | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | — | — | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | — | — | — |
| FY 2018 Q1 | Jun 30, 2018 | — | — | — | — | — | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | — | — | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | — | — | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | — | — | — |
| FY 2016 Q3 | Sep 3, 2016 | 39.23% | 31.17% | — | — | 17.37% | 31.5 pp |
| FY 2016 Q2 | Jun 11, 2016 | 34.05% | 36.47% | — | 241.69% | 17.31% | 26.4 pp |
| FY 2016 Q1 | Mar 19, 2016 | 26.38% | 41.28% | 20.28% | 141.92% | 16% | 18.7 pp |
| FY 2015 Q4 | Dec 26, 2015 | 30.48% | 35.18% | — | 105.21% | 15.75% | 22.8 pp |
| FY 2015 Q3 | Sep 5, 2015 | 21.19% | 22.58% | — | 43.05% | 10.66% | 13.5 pp |
| FY 2015 Q2 | Jun 13, 2015 | 20.87% | 22.57% | -241.99% | 47.74% | 10.7% | 13.2 pp |
| FY 2015 Q1 | Mar 21, 2015 | 23.88% | 23.74% | -266.54% | 50.93% | 11.92% | 16.2 pp |
| FY 2014 Q4 | Dec 27, 2014 | 24.32% | 25.19% | -111.62% | 56.61% | 12.34% | 16.6 pp |
| FY 2014 Q3 | Sep 6, 2014 | 36.1% | 31.45% | 106.45% | 62.06% | 16.28% | 28.4 pp |
| FY 2014 Q2 | Jun 14, 2014 | 29.37% | 29.35% | — | 53.76% | 13.72% | 21.7 pp |
| FY 2014 Q1 | Mar 22, 2014 | 29.23% | 28.07% | -538.08% | 50.48% | 13.07% | 21.5 pp |
| FY 2013 Q4 | Dec 28, 2013 | 27.99% | 27.13% | -202.61% | 50.51% | 12.32% | 20.3 pp |
| FY 2013 Q3 | Sep 7, 2013 | 27.73% | 25.36% | -373.58% | 50.42% | 12.51% | 20 pp |
| FY 2013 Q2 | Jun 15, 2013 | 33.17% | 30.11% | -140.69% | 65.44% | 15.9% | 25.5 pp |
| FY 2013 Q1 | Mar 23, 2013 | 35.65% | 30.94% | — | 66.56% | 16.14% | 28 pp |
| FY 2012 Q4 | Dec 29, 2012 | 41.31% | 34.74% | 104.08% | 80.31% | 17.9% | 33.6 pp |
| FY 2012 Q3 | Sep 8, 2012 | — | 34.79% | — | 77.14% | 18.44% | — |
| FY 2012 Q2 | Jun 16, 2012 | — | 31.63% | — | 77.56% | 17.58% | — |
| FY 2012 Q1 | Mar 24, 2012 | — | 31.46% | — | 77.1% | 17.03% | — |
| FY 2011 Q4 | Dec 31, 2011 | 34.2% | 29.63% | — | 77.61% | 15.38% | 26.5 pp |
| FY 2011 Q3 | Sep 3, 2011 | — | 28.97% | — | 69.71% | 14.87% | — |
| FY 2011 Q2 | Jun 11, 2011 | — | 31.57% | — | 81.99% | 15.78% | — |
| FY 2011 Q1 | Mar 19, 2011 | — | 30.92% | — | 83.58% | 15.17% | — |
| FY 2010 Q4 | Dec 25, 2010 | 30.45% | 31.14% | 17.54% | 89.04% | 14.98% | 22.7 pp |
| FY 2010 Q3 | Sep 4, 2010 | — | 29.96% | — | 89.5% | 14.47% | — |
| FY 2010 Q2 | Jun 12, 2010 | — | — | — | — | — | — |
| FY 2010 Q1 | Mar 20, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 26, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 5, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · YUM, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.