Starbucks Corporation

SBUX

Consumer CyclicalLarge CapUS Equities · NYSE / NASDAQ

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Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee internationally. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee, tea, and other beverages, roasted whole beans and ground coffees, complementary food, packaged coffees, single-serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks Coffee, Teavana, Seattle's Best Coffee, Ethos, and Starbucks Reserve brands. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.

Valuation

Market Cap$107.3B

Current Price$100.77as of Jun 23, 2026

P/E Ratio57.80

P/B Ratio-13.25

EV / EBITDA27.10

EV / Sales3.51

Profitability

Operating Margin9.6%

Net Profit Margin5.0%

EBITDA Margin13.0%

Returns

ROE-22.9%

ROCE16.4%

ROIC %-

ROA5.8%

Solvency

Current Ratio0.72

Debt / Equity-3.29

Debt / Assets0.83

CFO / Net Profit2.56

Price History▲ 9.13% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$37.2B▲ 2.8%

EBITDA$4.8B▼ 32.3%

Net Profit$1.9B▼ 50.6%

Cash from Ops (CFO)$4.7B▼ 22.1%

Free Cash Flow (FCF)$2.4B▼ 26.4%

Revenue CAGR 3Y4.9%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-17.3%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$37.2B	$4.8B	$1.9B	$2.4B	-22.9%	2.8%	-50.6%
2024	$36.2B	$7.1B	$3.8B	$3.3B	-50.5%	0.6%	-8.8%
2023	$36.0B	$7.4B	$4.1B	$3.7B	-51.6%	11.6%	25.7%
2022	$32.3B	$6.2B	$3.3B	$2.6B	-37.7%	-	-
2021	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	32,250.30	35,975.60	36,176.20	37,184.40
Operating Revenue	-	30,231.60	33,975	34,271	35,095.20
Cost Of Revenue	-	23,879.20	26,129.40	26,467.10	28,717.10
Gross Profit	-	8,371.10	9,846.20	9,709.10	8,467.30
Operating Expense	-	3,941.40	4,343.30	4,601.50	4,886.50
Selling General And Administration	-	2,032	2,441.30	2,523.30	2,617.20
Total Expenses	-	27,820.60	30,472.70	31,068.60	33,603.60
Operating Income	-	4,429.70	5,502.90	5,107.60	3,580.80
Total Operating Income As Reported	-	4,617.80	5,870.80	5,408.80	2,936.60
EBITDA	-	6,244.20	7,402.30	7,124	4,821.40
Normalized EBITDA	-	6,290.20	7,332.80	7,124	5,713.40
EBIT	-	4,714.80	5,952	5,531.60	3,049.90
Interest Income	-	97	81.20	122.80	113.30
Interest Expense	-	482.90	550.10	562	542.60
Net Interest Income	-	-385.90	-468.90	-439.20	-429.30
Other Income Expense	-	188.10	367.90	301.20	-644.20
Interest Income Non Operating	-	97	81.20	122.80	113.30
Interest Expense Non Operating	-	482.90	550.10	562	542.60
Net Non Operating Interest Income Expense	-	-385.90	-468.90	-439.20	-429.30
Pretax Income	-	4,231.90	5,401.90	4,969.60	2,507.30
Tax Provision	-	948.50	1,277.20	1,207.30	650.60
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-10.30	16.40	0	-231.03
Net Income Continuous Operations	-	3,283.40	4,124.70	3,762.30	1,856.70
Net Income From Continuing And Discontinued Operation	-	3,281.60	4,124.50	3,760.90	1,856.40
Net Income From Continuing Operation Net Minority Interest	-	3,281.60	4,124.50	3,760.90	1,856.40
Net Income	-	3,281.60	4,124.50	3,760.90	1,856.40
Net Income Common Stockholders	-	3,281.60	4,124.50	3,760.90	1,856.40
Net Income Including Noncontrolling Interests	-	3,283.40	4,124.70	3,762.30	1,856.70
Normalized Income	-	3,317.30	4,071.40	3,760.90	2,517.37
Diluted NI Availto Com Stockholders	-	3,281.60	4,124.50	3,760.90	1,856.40
Basic Average Shares	-	1,147.90	1,142.60	1,133.50	1,136.90
Diluted Average Shares	-	1,158.50	1,151.30	1,137.30	1,139.80
Reconciled Depreciation	-	1,529.40	1,450.30	1,592.40	1,771.50
Reconciled Cost Of Revenue	-	23,797.70	26,041.70	26,387.30	28,630.30
Total Unusual Items	-	-46	69.50	0	-892
Total Unusual Items Excluding Goodwill	-	-46	69.50	0	-892
Minority Interests	-	-1.80	-0.20	-1.40	-0.30
Special Income Charges	-	-46	69.50	0	-892
Gain On Sale Of Business	864.50	0	0	-	-
Restructuring And Mergern Acquisition	-	46	21.80	0	892
Depreciation Amortization Depletion Income Statement	-	1,447.90	1,362.60	1,512.60	1,684.70
Depreciation And Amortization In Income Statement	-	1,447.90	1,362.60	1,512.60	1,684.70
General And Administrative Expense	-	2,032	2,441.30	2,523.30	2,617.20
Other Gand A	-	2,032	2,441.30	2,523.30	2,617.20
Gain On Sale Of Ppe	-	0	91.30	0	0
Rent Expense Supplemental	-	2,674.10	2,871	3,050.60	3,318.60
Other Operating Expenses	-	461.50	539.40	565.60	584.60
Earnings From Equity Interest	-	234.10	298.40	301.20	247.80

Peer Comparison

Consumer Cyclical sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Starbucks Corporationthis co.	SBUX	$107.3B	57.80↑ premium	-13.25	-22.9%	27.10
Booking Holdings Inc.	BKNG	$129.8B	24.02	-23.27	-96.9%	14.31
PDD Holdings Inc.	PDD	$122.2B	1.25	0.30	23.7%	-2.41
Lowe's Companies, Inc.	LOW	$116.4B	17.49	-11.73	-67.1%	12.84
Marriott International, Inc.	MAR	$101.6B

Learn while you research

Hand-picked academy chapters to deepen your understanding of Starbucks Corporation and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Valuation Multiples Explained

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$37.2B

$4.8B

$1.9B

$2.4B

-22.9%

2.8%

-50.6%

2024

$36.2B

$7.1B

$3.8B

$3.3B

-50.5%

0.6%

-8.8%

2023

$36.0B

$7.4B

$4.1B

$3.7B

-51.6%

11.6%

25.7%

2022

$32.3B

$6.2B

$3.3B

$2.6B

-37.7%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

32,250.30

35,975.60

36,176.20

37,184.40

Operating Revenue

30,231.60

33,975

34,271

35,095.20

Cost Of Revenue

23,879.20

26,129.40

26,467.10

28,717.10

Gross Profit

8,371.10

9,846.20

9,709.10

8,467.30

Operating Expense

3,941.40

4,343.30

4,601.50

4,886.50

Selling General And Administration

2,032

2,441.30

2,523.30

2,617.20

Total Expenses

27,820.60

30,472.70

31,068.60

33,603.60

Operating Income

4,429.70

5,502.90

5,107.60

3,580.80

Total Operating Income As Reported

4,617.80

5,870.80

5,408.80

2,936.60

EBITDA

6,244.20

7,402.30

7,124

4,821.40

Normalized EBITDA

6,290.20

7,332.80

7,124

5,713.40

EBIT

4,714.80

5,952

5,531.60

3,049.90

Interest Income

81.20

122.80

113.30

Interest Expense

482.90

550.10

562

542.60

Net Interest Income

-385.90

-468.90

-439.20

-429.30

Other Income Expense

188.10

367.90

301.20

-644.20

Interest Income Non Operating

81.20

122.80

113.30

Interest Expense Non Operating

482.90

550.10

562

542.60

Net Non Operating Interest Income Expense

-385.90

-468.90

-439.20

-429.30

Pretax Income

4,231.90

5,401.90

4,969.60

2,507.30

Tax Provision

948.50

1,277.20

1,207.30

650.60

Tax Rate For Calcs

Tax Effect Of Unusual Items

-10.30

16.40

-231.03

Net Income Continuous Operations

3,283.40

4,124.70

3,762.30

1,856.70

Net Income From Continuing And Discontinued Operation

3,281.60

4,124.50

3,760.90

1,856.40

Net Income From Continuing Operation Net Minority Interest

3,281.60

4,124.50

3,760.90

1,856.40

Net Income

3,281.60

4,124.50

3,760.90

1,856.40

Net Income Common Stockholders

3,281.60

4,124.50

3,760.90

1,856.40

Net Income Including Noncontrolling Interests

3,283.40

4,124.70

3,762.30

1,856.70

Normalized Income

3,317.30

4,071.40

3,760.90

2,517.37

Diluted NI Availto Com Stockholders

3,281.60

4,124.50

3,760.90

1,856.40

Basic Average Shares

1,147.90

1,142.60

1,133.50

1,136.90

Diluted Average Shares

1,158.50

1,151.30

1,137.30

1,139.80

Reconciled Depreciation

1,529.40

1,450.30

1,592.40

1,771.50

Reconciled Cost Of Revenue

23,797.70

26,041.70

26,387.30

28,630.30

Total Unusual Items

-46

69.50

-892

Total Unusual Items Excluding Goodwill

-46

69.50

-892

Minority Interests

-1.80

-0.20

-1.40

-0.30

Special Income Charges

-46

69.50

-892

Gain On Sale Of Business

864.50

Restructuring And Mergern Acquisition

21.80

892

Depreciation Amortization Depletion Income Statement

1,447.90

1,362.60

1,512.60

1,684.70

Depreciation And Amortization In Income Statement

1,447.90

1,362.60

1,512.60

1,684.70

General And Administrative Expense

2,032

2,441.30

2,523.30

2,617.20

Other Gand A

2,032

2,441.30

2,523.30

2,617.20

Gain On Sale Of Ppe

91.30

Rent Expense Supplemental

2,674.10

2,871

3,050.60

3,318.60

Other Operating Expenses

461.50

539.40

565.60

584.60

Earnings From Equity Interest

234.10

298.40

301.20

247.80

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Starbucks Corporationthis co.

SBUX

$107.3B

57.80↑ premium

-13.25

-22.9%

27.10

Booking Holdings Inc.

BKNG

$129.8B

24.02

-23.27

-96.9%

14.31

PDD Holdings Inc.

PDD

$122.2B

1.25

0.30

23.7%

-2.41

Lowe's Companies, Inc.

LOW

$116.4B

17.49

-11.73

-67.1%

12.84

Marriott International, Inc.

MAR

$101.6B

Starbucks Corporation

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Starbucks Corporation

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on