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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
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 | - |
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 |
| 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 |
| Operating Income | - | 4,429.70 | 5,502.90 | 5,107.60 | 3,580.80 |
| EBITDA | - | 6,244.20 | 7,402.30 | 7,124 | 4,821.40 |
| EBIT | - | 4,714.80 | 5,952 | 5,531.60 | 3,049.90 |
| 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 |
| 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 |
| Total Expenses | - | 27,820.60 | 30,472.70 | 31,068.60 | 33,603.60 |
| Interest Expense | - | 482.90 | 550.10 | 562 | 542.60 |
| Interest Income | - | 97 | 81.20 | 122.80 | 113.30 |
| Selling General And Administration | - | 2,032 | 2,441.30 | 2,523.30 | 2,617.20 |
| Normalized EBITDA | - | 6,290.20 | 7,332.80 | 7,124 | 5,713.40 |
| Normalized Income | - | 3,317.30 | 4,071.40 | 3,760.90 | 2,517.37 |
| Market Cap | 112,415 | 112,415 | 112,415 | 112,415 | 112,415 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Starbucks Corporationthis co. | SBUX | $112.2B | 60.56↑ premium | -13.88 | -22.9% | 28.17 |
| Lowe's Companies, Inc. | LOW | $137.0B | 20.58 | -13.81 | -67.1% | 14.49 |
| Marriott International, Inc. | MAR | $100.2B | 37.40 | -25.80 | -69.0% | 23.74 |
| MercadoLibre, Inc. | MELI | $93.0B | 46.59 | 13.79 | 29.6% | 26.38 |
| Airbnb, Inc. | ABNB | $87.5B |
| - |
| - |
| - |
| - |
| - |
| - |
| 34.10 |
| 10.44 |
| 30.6% |
| 31.89 |
| O'Reilly Automotive, Inc. | ORLY | $79.3B | 30.77 | -102.30 | -332.5% | 21.67 |
| Hilton Worldwide Holdings Inc. | HLT | $79.1B | 52.82 | -14.28 | -27.0% | 31.07 |
| Royal Caribbean Cruises Ltd. | RCL | $72.1B | 16.85 | 7.17 | 42.5% | 13.15 |
| NIKE, Inc. | NKE | $66.3B | 20.56 | 5.01 | 24.4% | 15.46 |
| Peer Median | - | 32.43 | -4.40 | -1.3% | 22.71 | |