Starbucks
SBUX Nasdaq· Restaurants
Last close · Oct 26, 2026
$102.69
KIRA · Stoqly’s AI analyst, in plain words
- Starbucks had $37.2B of revenue in fiscal 2025, up 2.8% on the year before. Over five years, revenue changed +9.6% a year on average.
- Its operating margin was 7.9%, down 7.0 pts: of every 100 in sales, about 8 is left after running the business.
- Starbucks made $1.9B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew −1.7% a year.
- Free cash flow was $2.4B in fiscal 2025, 6.6% of revenue.
- Starbucks returned $2.8B to shareholders in fiscal 2025, 113% of free cash flow. The diluted share count rose 0.2%.
- Starbucks owes $12.6B more than it holds in cash, about 2.7 years of operating profit.
Market cap
$117.5B
P/E
59.0x
Revenue
$37.2B
Net income
$1.9B
Free cash flow
$2.4B
Operating margin
7.9%
Starbucks in 30 seconds · fiscal 2025
Are sales growing?
+2.8%
Only a little. Sales grew 2.8% last year.
Does it make a profit?
5.0%
A little. It keeps 5.0% of every sale as profit.
Does profit turn into cash?
6.6%
Partly. 6.6% of sales ends up as free cash.
Is debt under control?
2.7x
Keep an eye on it. Repaying its debt would take 2.7 years of operating profit.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
59.0x
One share costs 59.0 times its yearly profit per share. Typical for its sector: 17.7x.
What Starbucks does
Starbucks roasts coffee and sells coffee, tea, other drinks and food in its coffee shops in 89 markets around the world. It also sells packaged coffee, single-serve pods and bottled drinks through grocery stores and other outlets. Customers can pay with Starbucks Cards and the Starbucks app, which ties into its Starbucks Rewards loyalty program and lets people order ahead. It reports three segments. North America, covering the United States and Canada, brought in 74% of revenue in the year to September 2025; International, led by China and Japan, 21%; and Channel Development, the packaged coffee and drinks sold in stores other than its own, 5%. Much of that last business runs through a deal with Nestlé, and its bottled drinks through partners such as PepsiCo. Company-run shops produced 83% of revenue. In licensed shops, run by other companies, Starbucks earns a royalty on sales and sells them coffee and supplies. Drinks make up most of what its own shops sell.
Biggest risks, in its own words
- Failing to carry out its turnaround plan and restructuring, including store closures, or to manage growth well.
- Its heavy dependence on its North America business for sales and profit.
- Higher prices or short supply of high-quality arabica coffee beans and other ingredients.
- Rising labor costs, or trouble hiring and keeping the store staff it depends on.
- Fiscal year ends
- September 28, 2025
- Latest annual report
- 10-K · Nov 14, 2025
- Legal name
- Starbucks Corporation
- CIK
- 0000829224
Starbucks · SBUX
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $29.1B | $32.3B | $36.0B | $36.2B | $37.2B |
| Revenue growth | 23.6% | 11.0% | 11.6% | 0.6% | 2.8% |
| Operating margin | 16.8% | 14.3% | 16.3% | 15.0% | 7.9% |
| Net income | $4.2B | $3.3B | $4.1B | $3.8B | $1.9B |
| Net margin | 14.5% | 10.2% | 11.5% | 10.4% | 5.0% |
| Diluted EPS | $3.54 | $2.83 | $3.58 | $3.31 | $1.63 |
| Cash | |||||
| Cash from operations | $6.0B | $4.4B | $6.0B | $6.1B | $4.7B |
| Capital expenditure | $1.5B | $1.8B | $2.3B | $2.8B | $2.3B |
| Free cash flow | $4.5B | $2.6B | $3.7B | $3.3B | $2.4B |
| FCF margin | 15.6% | 7.9% | 10.2% | 9.2% | 6.6% |
| Dividends paid | $2.1B | $2.3B | $2.4B | $2.6B | $2.8B |
| Share buybacks | $0.0M | $4.0B | $984M | $1.3B | $0.0M |
| Share count change | 0.3% | −2.3% | −0.6% | −1.2% | 0.2% |
| Debt and strength | |||||
| Cash and short-term investments | $6.6B | $3.2B | $4.0B | $3.5B | $3.5B |
| Debt incl. finance leases | $14.6B | $15.0B | $15.4B | $15.6B | $16.1B |
| Shareholders' equity | −$5.3B | −$8.7B | −$8.0B | −$7.4B | −$8.1B |
| Net debt / EBITDA | 1.3x | 1.9x | 1.6x | 1.7x | 2.7x |
| Current ratio | 1.2x | 0.8x | 0.8x | 0.8x | 0.7x |
| Interest coverage | 10.4x | 9.6x | 10.7x | 9.6x | 5.4x |
| Returns and quality | |||||
| Return on capital | 115.8% | — | 135.4% | 101.8% | 47.8% |
| Piotroski F-score | 6 | 5 | 7 | 5 | 4 |
| Altman Z'' | 0.6 | −0.6 | −0.1 | −0.3 | −1.0 |
Insiders bought, 12 months
$1.0M
1 insider
Insiders sold, 12 months
$2.2M
2 insiders
Of sales under plans
100%
$2.2M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Starbucks · SBUX
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Starbucks SBUX | $117.5B | 2.8% | 7.9% | 6.6% | 47.8% | 59.0x | 4 |
| Coca-Cola KO | $399.9B | 1.9% | 28.7% | 11.1% | 18.3% | 29.2x | 7 |
| PepsiCo PEP | $185.2B | 2.3% | 12.2% | 8.2% | 16.4% | 17.0x | 6 |
| Nike NKE | $56.3B | 0.2% | — | 4.7% | 26.1% | 18.2x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $102.69 a share, the company is worth $117.5B: 59.0 times its earnings of the last four quarters.
Starbucks grew sales faster than 3 of its 3 similar companies. Its P/E is higher than 3 of 3.
Source: SEC EDGAR XBRL filings (CIK 0000829224). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.