SBUXNasdaqRetail-Eating & Drinking PlacesFiscal year ends September 28
STARBUCKS CORP
Financials through Q3 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Jul 29, 2026
$97.87+0.35 (+0.36%)
Close on Oct 19, 2026
- Market cap
- $111.94B
- P/E (TTM)
- 56.2
- Dividend yield
- 2.50%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
7.9%+1.3 pts over 5 years
Net margin
5.0%+1.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.8% | +4.9% | +9.6% | +6.9% | |
| Operating income | -45.7% | -14.0% | +13.5% | -2.0% | |
| Net income | -50.6% | -17.3% | +14.9% | -3.9% | |
| EPS, diluted | -50.8% | -16.8% | +15.6% | -1.1% | |
| Free cash flow | -26.4% | -1.5% | +84.5% | -0.0% | |
| Dividend per share | +5.6% | +7.0% | +14.8% | +13.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 48.2% | -13.2% | -23.9% | |
| Return on assets | 21.1% | 3.8% | 5.9% | |
| Current ratio | 1.05 | 1.06 | 0.72 | |
| Debt to equity | 0.61 | -2.09 | -1.99 | |
| Net debt to EBITDA | 0.28× | 3.91× | 2.73× | |
| Interest coverage | 51.3× | 3.6× | 5.4× | |
| Inventory turnover | 6.3× | – | – | |
| Capex to revenue | 6.8% | 6.3% | 6.2% | |
| Diluted shares | 1.49B | 1.18B | 1.14B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Starbucks generated $27.24B from operations and spent $29.16B on capital expenditure, dividends and share buybacks. 37% of that went back into the business.
Generated
$27.24B
Used
$29.16B
Capital expenditure$10.73B37%Dividends$12.17B42%Share buybacks$6.26B21%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.0%
×Asset turnover1.17×
×Equity multiplier-4.08×
=Return on equity, FY2025-23.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.0% | 1.17× | -4.08× | -23.9% |
| FY2024 | 10.4% | 1.19× | -3.94× | -48.7% |
| FY2023 | 11.5% | 1.25× | -3.44× | -49.4% |
| FY2022 | 10.2% | 1.09× | -4.23× | -46.8% |
| FY2021 | 14.5% | 0.96× | -4.63× | -64.0% |
| FY2020 | 3.9% | 0.97× | -3.46× | -13.2% |
| FY2019 | 13.6% | 1.22× | -8.57× | -142.2% |
| FY2018 | 18.3% | 1.28× | 5.82× | 136.5% |
| FY2017 | 12.9% | 1.56× | 2.53× | 50.9% |
| FY2016 | 13.2% | 1.59× | 2.28× | 48.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.86B
- Cash generatingOperating cash flow above zero$4.75B
- Return on assets improvedROA up on the prior year12.8% → 5.9%
- Earnings backed by cashOperating cash flow above net income$4.75B vs $1.86B
- Less leverageLong-term debt to assets fell45.7% → 45.5%
- Better liquidityCurrent ratio rose0.75 → 0.72
- No dilutionShare count did not rise1.14B → 1.14B
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.23 → 1.19