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Yum China Holdings vs Restaurant Brands International: YUMC and QSR compared
Yum China Holdings is the larger company: $3.5B of revenue in its latest quarter (Q3 2026) against $2.5B for Restaurant Brands International (Q3 2026). Yum China Holdings is growing faster (+8% against +3% a year earlier). Restaurant Brands International is more profitable, with an operating margin of 27.6% against 13.0%.
Where the money goes: YUMC and QSR
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.
Restaurant Brands International (QSR) · Q3 2026
Restaurant Brands International, Q3 2026: revenue $2.5B (+3% year over year), operating margin 27.6%, net earnings $542M, operating cash flow $551M. The chart follows the revenue to costs, profit and cash.
| Yum China Holdings (YUMC) | Restaurant Brands International (QSR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.5B | $2.5B |
| Revenue growth, Y/Y | +8% | +3% |
| Operating margin | 13.0% | 27.6% |
| Net earnings | $311M | $542M |
| Net margin | 8.9% | 21.5% |
| Operating cash flow | $505M | $551M |
| Free cash flow | $359M | $479M |
| Market value | $17.2B | $35.5B |
| P/E | 16.0× | 18.1× |
| Analysts’ mean target | $62.02 | $85.32 |
Where the revenue comes from
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%)
Restaurant Brands International
- TH: $1.1B (45%)
- RH: $487M (19%)
- BK: $345M (14%)
- INTL: $289M (11%)
Questions
Which is bigger, Yum China Holdings or Restaurant Brands International?
Yum China Holdings is the larger company: $3.5B of revenue in its latest quarter (Q3 2026) against $2.5B for Restaurant Brands International (Q3 2026).
Is Yum China Holdings or Restaurant Brands International growing faster?
Yum China Holdings is growing faster (+8% against +3% a year earlier).
Which is more profitable, Yum China Holdings or Restaurant Brands International?
Restaurant Brands International is more profitable, with an operating margin of 27.6% against 13.0%.
More: Yum China Holdings earnings · how Yum China Holdings makes money · Restaurant Brands International earnings · how Restaurant Brands International makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.