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McDonald's vs Yum China Holdings: MCD and YUMC compared
McDonald's is the larger company: $7.2B of revenue in its latest quarter (Q3 2026) against $3.5B for Yum China Holdings (Q3 2026). Yum China Holdings is growing faster (+8% against +1% a year earlier). McDonald's is more profitable, with an operating margin of 50.2% against 13.0%.
Where the money goes: MCD and YUMC
McDonald's (MCD) · Q3 2026
McDonald's, Q3 2026: revenue $7.2B (+1% year over year), operating margin 50.2%, net earnings $2.5B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
Yum China Holdings (YUMC) · Q3 2026
Yum China Holdings, Q3 2026: revenue $3.5B (+8% year over year), operating margin 13.0%, net earnings $311M, operating cash flow $505M. The chart follows the revenue to costs, profit and cash.
| McDonald's (MCD) | Yum China Holdings (YUMC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $7.2B | $3.5B |
| Revenue growth, Y/Y | +1% | +8% |
| Operating margin | 50.2% | 13.0% |
| Net earnings | $2.5B | $311M |
| Net margin | 34.7% | 8.9% |
| Operating cash flow | $3.0B | $505M |
| Free cash flow | $2.1B | $359M |
| Market value | $196.9B | $17.2B |
| P/E | 22.4× | 16.0× |
| Analysts’ mean target | $299.52 | $62.02 |
Where the revenue comes from
McDonald's
- International Operated Markets: $3.7B (51%)
- U.S. Market: $2.8B (39%)
- International Developmental Licensed Markets and Corporate: $709M (10%)
Yum China Holdings
- Food and Non Food Revenues From Sales: $3.2B (92%)
- Transactions with Franchisees: $183M (5%)
- Other Revenue: $48.0M (1%)
- Franchise Fees and Income: $32.0M (1%)
Questions
Which is bigger, McDonald's or Yum China Holdings?
McDonald's is the larger company: $7.2B of revenue in its latest quarter (Q3 2026) against $3.5B for Yum China Holdings (Q3 2026).
Is McDonald's or Yum China Holdings growing faster?
Yum China Holdings is growing faster (+8% against +1% a year earlier).
Which is more profitable, McDonald's or Yum China Holdings?
McDonald's is more profitable, with an operating margin of 50.2% against 13.0%.
More: McDonald's earnings · how McDonald's makes money · Yum China Holdings earnings · how Yum China Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.