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Starbucks Corporation

SBUX Consumer Cyclical Restaurants

Starbucks Corporation’s revenue for fiscal 2025 (year ended September 2025) was $37.2 billion, up 2.79% from fiscal 2024. In the quarter to June 2026, revenue fell 1.41%, EPS grew 85.7%, free cash flow grew 211.0% and total debt fell 23.3%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.

97.52 0.64 +0.66%
Market cap
$110.4B
P/E
56.0×
Fwd P/E
47.2×
Dividend yield
2.54%
F-score
4/9
Altman Z
2.43
Beneish M
−2.88
Dividend safety
26/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 0.99
Total sells 2.18
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 — — — — — — — — — — —
Sell — — — — 3 3 1 2 1 1 1 1
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 110,440.00
Revenue 38,338.30
Net Income 1,982.20
Free Cash Flow 3,642.10
Net Debt 9,668.30
Current Ratio 0.76 (below 1: weak)
Debt/Equity (1.73) (negative: negative equity)
P/E ratio 56.05 (above 35: high)
Fwd P/E 47.20 (above 35: high)
P/S ratio 2.90
P/B ratio 0.00
Past 5Y EPS Growth 15.59% (at or above 15%: strong)
This Y EPS Growth 23.23% (at or above 15%: strong)
Next Y EPS Growth 20.21% (at or above 15%: strong)
Next Y revenue growth 2.17%
Next 5Y EPS Growth 20.73% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.2×, against a ten-year median of 3.7×; over the ten years it ranged from 2.8× in 2024 to 6.1× in 2021.
P/E against its own 10 years 84.22%
10-year low 10-year high
P/S against its own 10 years 17.73%
10-year low 10-year high
EV/Sales against its own 10 years 13.27%
10-year low 10-year high
EV/FCF against its own 10 years 54.21%
10-year low 10-year high

Dividends

Payout Ratio 1.43
Annual Dividend Rate 2.48
Annual Dividend Yield 2.54%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.52
0.62
0.62
0.62
2025 2.45
0.61
0.61
0.61
0.62
2024 2.32
0.57
0.57
0.57
0.61
2023 2.16
0.53
0.53
0.53
0.57
2022 2.00
0.49
0.49
0.49
0.53
2021 1.84
0.45
0.45
0.45
0.49
2020 1.68
0.41
0.41
0.41
0.45
2019 1.49
0.36
0.36
0.36
0.41
2018 1.32
0.30
0.30
0.36
0.36
2017 1.05
0.25
0.25
0.25
0.30
2016 0.85
0.20
0.20
0.20
0.25
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3,953 3,543 3,467 3,610
Receivables 1,184 1,214 1,278 1,304
Inventory 1,806 1,777 2,186 2,209
Other — — — —
7,303 6,847 7,382 7,534
2023 2024 2025 Q'26
Payables 1,544 1,596 1,853 1,777
ST’ Debt 1,852 1,249 1,499 1,498
Other 1,700 1,781 1,841 1,818
9,345 9,070 10,210 9,917

Compound Annual Growth %

10y 5y 3y
Sales 6.85% 9.60% 4.86%
Cash Flow 2.39% 24.33% 2.59%
Earnings (3.88%) 14.87% (17.30%)
Book Value 0.00% 0.00% 0.00%

Revenue $m

Dec Mar Jun Sep Year
’26 9,915 9,532 9,323 — —
’25 9,398 8,762 9,456 9,569 37,184
’24 9,425 8,563 9,114 9,074 36,176
’23 8,714 8,720 9,168 9,374 35,976
’22 8,050 7,636 8,150 8,414 32,250
’21 6,749 6,668 7,497 8,147 29,061
’20 7,097 5,996 4,222 6,203 23,518
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 1,598 365 1,642 — —
’25 2,072 292 1,002 1,382 4,748
’24 2,384 506 1,670 1,536 6,096
’23 1,593 768 1,703 1,945 6,009
’22 1,871 162 1,265 1,100 4,397
’21 1,836 884 1,749 1,521 5,989
’20 1,836 (1,361) (368) 1,491 1,598
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 1,274 92 1,351 — —
’25 1,379 (297) 434 926 2,442
’24 1,788 (153) 946 737 3,318
’23 1,076 392 1,071 1,246 3,785
’22 1,454 (293) 841 554 2,556
’21 1,512 560 1,411 1,036 4,519
’20 1,442 (1,725) (748) 1,146 114
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 0.26 0.45 0.91 — —
’25 0.69 0.34 0.49 0.12 1.63
’24 0.90 0.68 0.93 0.80 3.31
’23 0.74 0.79 0.99 1.06 3.58
’22 0.69 0.58 0.79 0.76 2.83
’21 0.53 0.56 0.97 1.49 3.54
’20 0.74 0.28 (0.58) 0.33 0.79
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 50.84 52.58 47.37 61.40 50.02 95.92 68.39 89.21 71.55 75.50

Analyst estimates 2026–2028

Powerpack
High 61.79 64.87 68.98 99.72 107.14 126.32 117.80 115.48 103.32 117.46
People
People Employees 254,000 277,000 291,000 346,000 349,000 383,000 402,000 381,000 361,000 381,000
Revenue/emp, $m 0.08 0.08 0.08 0.08 0.07 0.08 0.08 0.09 0.10 0.10
Income, $m
Income, $m Revenue 21,316 22,387 24,720 26,509 23,518 29,061 32,250 35,976 36,176 37,184
Gross margin, % 60.08 68.44 67.92 67.83 67.28 69.93 68.01 68.29 69.09 68.65
EBT 4,199 4,318 5,780 4,466 1,164 5,357 4,232 5,402 4,970 2,507
EBT margin, % 19.70 19.29 23.38 16.85 4.95 18.43 13.12 15.02 13.74 6.74
Net income 2,819 2,885 4,518 3,595 925 4,200 3,283 4,125 3,762 1,857
Depreciation 1,030 1,067 1,306 1,449 1,503 1,524 1,529 1,450 1,592 1,772
Per share, $
Per share, $ Revenue 14.48 15.44 17.88 21.71 20.05 24.68 27.96 31.37 31.91 32.73
Earnings 1.90 1.97 3.24 2.92 0.79 3.54 2.83 3.58 3.31 1.63
Cash flow 3.19 2.93 8.63 4.13 1.36 5.09 3.81 5.24 5.38 4.18
Capex (0.98) (1.05) (1.43) (1.48) (1.26) (1.25) (1.60) (1.94) (2.45) (2.03)
Free cash flow 2.21 1.89 7.20 2.65 0.10 3.84 2.22 3.30 2.93 2.15
Book value 4.00 3.76 0.85 (5.10) (6.65) (4.51) (7.54) (6.97) (6.56) (7.12)
Shares, m 1,472 1,450 1,383 1,221 1,173 1,178 1,153 1,147 1,134 1,136
Valuation, ×
Valuation, × P/E 28.49 27.31 17.31 30.18 111.58 31.07 29.88 25.46 29.45 51.59
P/S 3.74 3.48 3.11 4.07 4.28 4.47 3.01 2.91 3.06 2.58
P/B 13.53 14.29 65.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales 3.80 3.54 3.13 4.39 4.76 4.75 3.38 3.22 3.39 2.92
EV/FCF 24.86 29.01 7.77 35.94 981.12 30.51 42.66 30.63 36.94 44.52
Cash, $m
Cash, $m Operating cash flow 4,698 4,252 11,938 5,047 1,598 5,989 4,397 6,009 6,096 4,748
Capex (1,440) (1,519) (1,976) (1,807) (1,484) (1,470) (1,841) (2,224) (2,777) (2,305)
Free cash flow 3,258 2,732 9,961 3,240 114 4,519 2,556 3,785 3,318 2,442
Balance, $m
Balance, $m Working capital 211 1,063 6,810 (515) 460 1,605 (2,133) (2,042) (2,223) (2,828)
Total debt 3,585 3,937 9,440 11,172 15,910 14,616 15,044 15,400 15,568 16,075
Net debt 1,322 1,246 502 8,415 11,277 7,998 11,861 11,447 12,025 12,608
Shareholders’ equity 5,891 5,457 1,176 (6,231) (7,799) (5,314) (8,699) (7,988) (7,442) (8,089)
Returns, %
Returns, % ROA 21.08 20.12 23.46 16.60 3.82 13.82 11.05 14.37 12.37 5.86
ROIC 36.15 38.55 144.63 116.70 28.06 113.48 91.27 106.08 73.75 40.62
ROE 48.12 50.84 136.24 (142.40) (13.23) (64.04) (46.84) (49.44) (48.75) (23.91)
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Starbucks Corporation vs peers in Restaurants (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MCD McDonald's Corporation $171.6B 19.7× 21.7× +3.74% (above 0%: growing) +5.73% (above 0%: growing) +57.94% (above 0%: growing) 58.01% 47.02% Compare
SBUX Starbucks Corporation $110.4B 56.0× 47.2× −1.41% (below 0%: shrinking) +85.71% (above 0%: growing) +210.96% (above 0%: growing) 69.66% 10.52%
YUM Yum! Brands, Inc. $41.2B 18.8× 22.3× +12.21% (above 0%: growing) +131.34% (above 0%: growing) +8.53% (above 0%: growing) 67.73% 30.20% Compare
CMG Chipotle Mexican Grill, Inc. $38.7B 27.4× 26.5× +9.31% (above 0%: growing) 0.00% +15.63% (above 0%: growing) 25.22% 15.70% Compare
QSR Restaurant Brands International Inc. $33.7B 20.0× 18.0× +4.56% (above 0%: growing) +151.72% (above 0%: growing) +18.89% (above 0%: growing) 49.13% 28.49% Compare
DRI Darden Restaurants, Inc. $24.3B 21.0× 17.4× +5.11% (above 0%: growing) −7.24% (below 0%: shrinking) −41.21% (below 0%: shrinking) 20.50% 9.98% Compare
YUMC Yum China $15.3B 16.5× 14.7× +12.59% (above 0%: growing) +20.69% (above 0%: growing) +3.10% (above 0%: growing) 22.21% 11.09% Compare
TXRH Texas Roadhouse, Inc. $11.2B 26.9× 26.6× +11.11% (above 0%: growing) −0.53% (below 0%: shrinking) +120.59% (above 0%: growing) 16.80% 8.50% Compare
DPZ Domino's Pizza Inc $10.0B 17.0× 16.4× +3.36% (above 0%: growing) +12.90% (above 0%: growing) −3.26% (below 0%: shrinking) 40.18% 20.39% Compare
Median of peers $29.0B 19.9× 19.9× +7.21% +9.32% +12.08% 32.70% 18.05%

All 56 Restaurants stocks →

SBUX metrics, ten years each

Starbucks Corporation (SBUX) key facts

  • Concern: Net income was $1.9 billion, or $1.63 per share (basic), a net margin of 4.99%.
  • Strength: Starbucks Corporation’s revenue for fiscal 2025 (year ended September 2025) was $37.2 billion, up 2.79% from fiscal 2024.
  • Starbucks Corporation (SBUX) is a Restaurants company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 16, 2026, SBUX traded at $97.52, a market capitalization of $110.4 billion.
  • At that price the stock trades at 56.0× trailing-twelve-month earnings and 2.9× sales; its P/E is higher than 84% of its own readings over the past ten years.
  • Starbucks Corporation pays an annual dividend of $2.48 per share, a yield of 2.54%, with a payout ratio of 142.5%.
  • Return on equity was −23.9% and debt-to-equity -1.73.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.43 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Starbucks Corporation (SBUX) Latest News

8 Oct

Impact 5 ·

14 Mar

Impact 5 ·

21 Feb

Impact 5 ·
stockrow.com/SBUX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com