— Know what they know.
/
Not Investment Advice

SBUX

NASDAQ · USD
Starbucks Corporation
Consumer Cyclical · Restaurants
CEO Brian R. Niccol Employees 381,000 R&D / revenue 0.0%
Last price
$97.52+0.66%last session
Market cap
$111.2B
P/E (TTM)
56.0x
From 52w high
−11.8%
From 52w low
+25.0%
1-year return
+18.6%
RSI 14 · vs SMA200
54.6 · −0.9%
IS score
52.7/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

SBUX   SPY   XLY (sector ETF) · weekly closes
90100110120130Jan 26Apr 26Jul 26Oct 26SBUX 119SPY 116XLY 97

Score DNA

Each bar is a 0-100 score within the scored universe
42
Profitability
36
Growth
32
Value
58
Momentum
80
Risk (safety)
66
Quality
41
Balance sheet
77
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
▲ Share count rising
Observations
Moat model: Narrow, Efficient ScalePiotroski 7 / 9Altman Z 3.3Beta 0.963 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
8 open-market sales, $1.5M
Form 144 notices (12m): 12, $2.1M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-06-05
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+61
222 new holders, 130 closed
2,411 filers hold 86.0% · 873 added, 1,012 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+231
1,326 funds adding shares
1,095 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
66.0%
20-day avg 61.4%, 50-day avg 56.6%
Latest 4.6 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$37.2B
Revenue growth YoY+2.8%
Gross margin24.2%
Operating income$3.6B
Operating margin9.6%
Net income$1.9B
Net margin5.0%
EPS (diluted)$1.63
Cash flow
Operating cash flow$4.7B
Capital expenditure$2.3B
Free cash flow$2.4B
FCF conversion (FCF / OCF)51.4%
Stock-based compensation$318.3M
FCF less SBC$2.1B
Buybacks$0
Dividends$2.8B
Balance sheet & returns
Cash & short-term investments$3.5B
Total debt$16.1B
Net debt$12.6B
Shareholders' equity−$8.1B
Goodwill & intangibles$3.5B
Debt / equity-2.92
ROE (TTM)-24.3%
ROIC (TTM)9.0%
Operating margin by fiscal year
16.8%FY202114.3%FY202216.3%FY202315.0%FY20249.7%FY2025
Revenue $29.1B (FY2021) to $37.2B (FY2025), a 6.4% CAGR.

Valuation

P/E (TTM)56.0x
EV / EBITDA22.0x
Price / sales2.90x
Price / FCF30.5x
FCF yield3.28%
Buyback yield0.00%
SBC / revenue0.8%
Price / bookn/m
Forward P/E FY202730.9x
Forward P/E FY202826.0x
Forward multiples divide today's price by Street EPS estimates. Street mean target $119.63 across 8 analysts last quarter is theirs, not ours.

SBUX vs industry median

128 companies in Restaurants
Gross margin 31.7% 28.0% Operating margin 9.4% 5.9% Net margin 5.2% 3.1% ROIC 9.0% 7.7%
SBUX (TTM)Industry median Asset turnover 1.35 vs industry 1.05 · financial leverage -3.69

Earnings delivery

Next report 2026-10-29 · consensus EPS $0.71
33%
beat rate, 4 of 12 quarters
−3.8%
median EPS surprise
2
longest beat streak
+5+9-3-14+0-22+1-16-23-6-4+18
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-08-01 to 2026-04-28. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
SBUX Starbucks Corporation $111.2B56.0x-24.3%5.2%+2.8% +18.6%
MCD McDonald's Corporation $171.9B19.7x-464.6%33.3%+6.3% −20.0%
YUM Yum! Brands, Inc. $41.1B18.8x-30.0%39.3%+10.3% +5.5%
CMG Chipotle Mexican Grill, Inc. $37.8B27.4x49.6%12.1%+7.3% −28.4%
QSR Restaurant Brands Internatio $26.1B18.2x35.5%20.1%+6.5% +10.9%
DRI Darden Restaurants, Inc. $24.5B21.0x55.1%7.3%+8.1% —
YUMC Yum China Holdings, Inc. $15.5B16.5x17.5%7.8%+8.8% —
LOW Lowe's Companies, Inc. $110.7B16.7x-70.5%9.2%+8.2% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-09-24Exit/Disposal Costs; Regulation FD
2026-07-29Earnings Release; Exhibits
2026-06-12Officer/Director Change
2026-05-20Other Events
2026-05-15Exit/Disposal Costs
2026-04-28Earnings Release; Exhibits

Context

Shares outstanding1,140,000,000
Free float99.8%
Institutional ownership86.0%
Beta0.96
Dividend yield2.54%
Last dividend$0.63 on 2026-11-13
50 / 200-day average$100.36 / $99.10
Large-cap Consumer Cyclical median P/E24.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where SBUX sits among 32 scored companies in Restaurants (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureSBUXIndustry medianIndustry percentileSector median
P/E (TTM) 56.1x 25.5x
81st		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 2.9x 1.7x
74th		 1.0x
Price / book —
Price / tangible book —
Price / free cash flow 30.5x 24.1x
81st		 15.2x
Price / operating cash flow 22.3x 13.6x
93rd		 10.2x
Enterprise value $130.0B $3.2B
97th		 $5.6B
EV / sales 3.4x 2.0x
71st		 1.4x
EV / EBITDA 21.9x 15.4x
80th		 11.4x
EV / EBIT 30.3x 23.1x
63rd		 16.0x
EV / free cash flow 35.7x 31.4x
62nd		 21.0x
Earnings yield 1.8% 3.5%
29th		 4.8%
FCF yield 3.3% 3.6%
32nd		 5.9%
Operating cash flow yield 4.5% 7.3%
13th		 9.3%
Graham number (per share) —

Profitability (TTM)

MeasureSBUXIndustry medianIndustry percentileSector median
Gross margin 31.7% 27.3%
65th		 34.2%
EBITDA margin 15.5% 13.1%
65th		 11.7%
Operating margin 9.4% 9.5%
45th		 8.7%
EBIT margin 11.2% 7.6%
68th		 8.2%
Net margin 5.2% 4.9%
58th		 4.9%
NOPAT margin 5.0% 7.6%
29th		 6.8%
FCF margin 9.5% 5.9%
65th		 6.5%
Operating cash flow margin 13.0% 12.9%
52nd		 10.4%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 6.5% 10.1%
26th		 17.2%
Stock comp / revenue 0.8% 0.6%
61st		 0.6%
Effective tax rate 47.1% 21.0%
100th		 22.4%

Returns on capital

MeasureSBUXIndustry medianIndustry percentileSector median
ROE (on average equity) —
ROA 6.4% 4.5%
65th		 4.4%
ROIC 17.2% 8.7%
71st		 9.3%
ROCE 23.3% 6.9%
81st		 9.9%
Return on tangible assets 13.8% 6.4%
71st		 7.4%
Cash ROIC (OCF / invested capital) 44.7% 14.7%
90th		 14.4%
Gross profitability (GP / assets) 43.0% 25.2%
71st		 31.6%
ROIC, 3-yr average 14.5% 6.1%
75th		 7.4%
ROIC, 5-yr average —
ROE, 5-yr average —
Incremental ROIC -9.6% -0.6%
39th		 11.2%

Growth

MeasureSBUXIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 4.5% 7.5%
26th		 6.0%
Revenue growth (QoQ) -2.2% 6.4%
16th		 6.6%
Revenue CAGR, 3 yr 3.1% 6.3%
33rd		 3.0%
Revenue CAGR, 5 yr 7.2% 7.0%
52nd		 5.9%
Gross profit CAGR, 3 yr 9.4% 6.1%
57th		 3.3%
Operating income CAGR, 3 yr -12.3% 9.0%
16th		 2.1%
Net income growth (TTM YoY) -24.7% 5.4%
28th		 4.7%
Net income CAGR, 3 yr -19.4% 7.7%
17th		 1.4%
EPS growth (TTM YoY) -25.0% 8.5%
28th		 7.6%
EPS CAGR, 3 yr -19.2% 8.6%
17th		 3.4%
EPS CAGR, 5 yr -6.2% 7.3%
24th		 2.9%
FCF growth (TTM YoY) 61.6% 9.1%
88th		 26.3%
FCF CAGR, 3 yr 6.9% 7.4%
48th		 6.5%
Operating cash flow CAGR, 3 yr -1.2% 9.1%
29th		 6.7%
Book value CAGR, 3 yr —
Dividend CAGR, 3 yr 1.3% 2.2%
35th		 3.2%
Sustainable growth rate —

Margin history & stability

MeasureSBUXIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 27.7% 29.1%
43rd		 34.9%
Operating margin, 3-yr average 12.1% 8.8%
70th		 8.0%
Net margin, 3-yr average 7.8% 5.8%
70th		 4.8%
FCF margin, 3-yr average 8.7% 6.4%
67th		 5.7%
Revenue stability (0-1) 0.87 0.92
30th		 0.80
Earnings stability (0-1) 0.26 0.71
27th		 0.43
Margin stability (0-1) 0.89 0.84
70th		 0.92

Liquidity (latest quarter)

MeasureSBUXIndustry medianIndustry percentileSector median
Cash & short-term investments $3.6B $168.9M
100th		 $278.1M
Net cash (− = net debt) −$18.8B −$969.1M
3rd		 −$1.2B
Working capital −$2.4B −$49.4M
0th		 $298.0M
Current ratio 0.76 0.87
42nd		 1.49
Quick ratio 0.54 0.79
35th		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.36 0.34
52nd		 0.31
Defensive interval (days) 210 days 269 days
32nd		 290 days

Leverage & solvency (latest quarter)

MeasureSBUXIndustry medianIndustry percentileSector median
Total debt $22.4B $1.1B
97th		 $1.8B
Debt / equity —
Net debt / equity —
Debt / assets 79.3% 53.9%
77th		 39.7%
Debt / capital —
Debt / EBITDA 3.79 3.93
47th		 3.26
Net debt / EBITDA 3.18 3.34
43rd		 2.42
Interest coverage (EBIT / interest) 7.4x 5.2x
59th		 5.1x
Cash interest coverage 8.6x 6.9x
56th		 6.0x
Debt payback (years of OCF) 4.5 yrs 4.7 yrs
48th		 3.8 yrs
Liabilities / assets 127.1% 75.8%
87th		 68.1%
IS credit model rating B- — —
Implied credit spread (bps) 900 400
71st		 275

Efficiency

MeasureSBUXIndustry medianIndustry percentileSector median
Asset turnover 1.24 1.04
68th		 1.00
Fixed asset turnover 2.56 2.05
71st		 3.73
Inventory turnover 11.7 63.7
0th		 5.3
Receivables turnover 30.1 38.8
39th		 19.9
Days sales outstanding 12 days 9 days
61st		 18 days
Days inventory outstanding 31 days 6 days
100th		 68 days
Days payables outstanding 26 days 19 days
65th		 42 days
Cash conversion cycle (days) 18 days −3 days
97th		 44 days
Capex / revenue 3.5% 5.3%
23rd		 3.1%
Capex / depreciation 0.82 1.23
16th		 0.89
Operating expense ratio 59.1% 17.1%
87th		 24.8%

Cash flow & earnings quality

MeasureSBUXIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.51 2.05
56th		 1.76
FCF / net income 1.84 1.04
85th		 1.18
FCF / operating cash flow 73.0% 58.7%
79th		 70.1%
Capex / operating cash flow 27.0% 41.3%
21st		 29.9%
Accruals ratio -9.7% -7.8%
26th		 -5.7%
Sloan accruals ratio -4.2% -5.5%
68th		 -3.6%
Earnings quality score (0-1) 0.75 0.75
7th		 0.75

Dividends & buybacks

MeasureSBUXIndustry medianIndustry percentileSector median
Dividend yield 2.5% 1.0%
74th		 0.8%
Dividend per share (TTM) $2.48 $0.38
77th		 $0.40
Payout ratio (dividends / net income) 141.8% 31.0%
92nd		 17.8%
Dividends / FCF 77.2% 26.4%
92nd		 11.6%
Dividend growth (YoY) 2.8% 5.5%
33rd		 4.8%
Buyback yield 0.0% 0.1%
3rd		 1.6%
Shareholder yield (dividends + buybacks) 2.5% 3.1%
45th		 3.7%
Share count change (YoY) 0.4% 0.0%
58th		 -0.9%
Buybacks, last 5 years $0 $8.9M
0th		 $198.3M

Scores & forensic checks

MeasureSBUXIndustry medianIndustry percentileSector median
IS score 53 52
52nd		 50
IS profitability 42 40
61st		 38
IS growth 36 56
13th		 53
IS value 32 44
23rd		 50
IS momentum 58 75
26th		 72
IS risk (safety) 80 65
65th		 65
IS quality 66 61
74th		 63
IS balance sheet 41 42
48th		 48
IS earnings quality 77 80
35th		 77
IS cash flow 65 54
84th		 56
Piotroski F-score (0-9) 7 6
55th		 6
Altman Z-score 3.3 2.6
71st		 2.8
Beneish M-score −3.32 −2.68
10th		 −2.69
Ohlson O-score −5.30 −6.27
74th		 −6.83
IS credit score 20 48
6th		 58

Per share

MeasureSBUXIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $1.73 $1.13
61st		 $2.05
Book value per share −$6.71 $6.92
16th		 $14.46
Tangible book per share −$7.94 $2.45
26th		 $3.70
Revenue per share $33.51 $34.63
48th		 $46.29
FCF per share $3.18 $1.92
61st		 $2.72
Operating cash flow per share $4.36 $4.18
52nd		 $4.86
Cash per share $3.16 $2.36
61st		 $3.59

Size (TTM)

MeasureSBUXIndustry medianIndustry percentileSector median
Market cap $111.2B $1.6B
97th		 $3.6B
Revenue $38.3B $1.9B
100th		 $3.9B
EBITDA $5.9B $230.5M
97th		 $442.3M
Net income $2.0B $53.6M
94th		 $178.6M
Free cash flow $3.6B $94.2M
97th		 $206.3M
Total assets $28.3B $1.9B
97th		 $4.4B
Shareholders' equity −$7.7B $472.9M
0th		 $957.6M
Employees 381,000 16,450
100th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-05Brewer Brady
ceo, International
 Open-market sale 1,641$94.76$155,50171,508
2026-09-15Kelly Sara
evp, chief partner officer
 Tax withholding 1,454$96.58$140,39856,353
2026-09-09Niccol Brian R
Director, chairman and ceo
 Tax withholding 56,267$100.04$5.6M428,697
2026-09-04Brewer Brady
ceo, International
 Open-market sale 2,229$105.60$235,38273,149
2026-08-05Brewer Brady
ceo, International
 Open-market sale 2,229$105.99$236,25275,135
2026-07-06Brewer Brady
ceo, International
 Open-market sale 2,229$104.00$231,81677,364
2026-06-15Kelly Sara
evp, chief partner officer
 Tax withholding 316$101.59$32,08457,567
2026-06-11Brewer Brady
ceo, International
 Open-market sale 588$100.00$58,80079,593
2026-06-05Brewer Brady
ceo, International
 Open-market sale 1,641$94.33$154,79680,181
2026-05-05Brewer Brady
ceo, International
 Open-market sale 2,229$104.81$233,62181,559
2026-04-29Kelly Sara
evp, chief partner officer
 Open-market sale 2,000$105.00$210,00057,653

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Open-market saleDisposed814,786$1.5M
Tax withholdingDisposed358,037$5.8M
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 12 notices · 21,156 shares · $2.1M
FiledFilerShares proposedEst. proceeds
2026-10-05Brewer Brady1,641$155,501
2026-09-04Brewer Brady2,229$235,382
2026-08-05Brewer Brady2,229$236,252
2026-07-06Brewer Brady2,229$231,816
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 10 trades (1 purchases) · Senate 11 (1 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-09-23Kevin HernHouseSale$15,001 - $50,0002026-10-14
2026-09-23Kevin HernHouseSale (Full)$15,001 - $50,0002026-10-13
2026-09-02Kevin HernHouseSale$1,001 - $15,0002026-09-28
2026-04-15James E Hon BanksSenateSale$1,001 - $15,0002026-04-20
2026-04-15James E. BanksSenateSale$1,001 - $15,0002026-04-20
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-21
2026-01-28Shelley Moore CapitoSenateSale$1,001 - $15,0002026-02-05
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
Capital Research Global Investors109,649,535$11.2B9.62%
Capital World Investors91,475,472$9.3B8.02%
BlackRock, Inc.83,222,518$8.5B7.30%
VANGUARD CAPITAL MANAGEMENT LLC74,431,675$7.6B6.53%
STATE STREET CORP49,260,268$5.0B4.32%
Invesco Ltd.38,497,546$3.9B3.38%
VANGUARD PORTFOLIO MANAGEMENT LLC30,105,849$3.1B2.64%
GEODE CAPITAL MANAGEMENT, LLC28,569,031$2.9B2.51%
FMR LLC26,301,027$2.7B2.31%
MORGAN STANLEY19,072,857$1.9B1.67%
Capital International Investors15,793,593$1.6B1.39%
BANK OF AMERICA CORP /DE/15,473,992$1.6B1.36%
WELLS FARGO & COMPANY/MN13,337,261$1.4B1.17%
GOLDMAN SACHS GROUP INC13,025,824$1.3B1.14%
NORGES BANK12,985,276$1.3B1.14%

Institutional ownership by quarter

2023-092026-0686.0%
% of shares held by 13F filers
2023-092026-062,411
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-302,41186.0%2228731,012130
2026-03-312,35082.2%198878981136
2025-12-312,33581.8%2797241,100159
2025-09-302,26880.5%1308091,034175
2025-06-302,35183.5%1628701,029184
2025-03-312,40780.7%2058611,065161
2024-12-312,40877.2%2827891,083170
2024-09-302,33976.4%2717611,091168
2024-06-302,26473.9%1648191,072313
2024-03-312,45071.7%1731,017999152
2023-12-312,46871.6%308973946104
2023-09-302,31170.8%132929948145

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-12SCHEDULE 13G/ACapital World Investors8.2%92,900,338
2026-05-14SCHEDULE 13G/ACapital Research Global Investors9.0%102,403,410
2026-05-14SCHEDULE 13G/ACapital World Investors9.2%104,838,568
2025-11-05SCHEDULE 13G/AThe Vanguard Group10.0%113,888,463
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.15%$3.4B
VTSAX0.15%$3.4B
VTI0.15%$3.4B
VSMPX0.15%$3.4B
VFINX0.16%$2.8B
VFFSX0.16%$2.8B

Share structure

Shares outstanding1,140,000,000
Float1,137,561,540
Free float99.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$29.1B$32.3B$36.0B$36.2B$37.2B
Cost of revenue$20.7B$23.9B$26.1B$26.5B$28.2B
Gross profit$8.4B$8.4B$9.8B$9.7B$9.0B
R&D$0$0$0$0$0
SG&A$1.9B$2.0B$2.4B$2.5B$2.6B
Operating income$4.9B$4.6B$5.9B$5.4B$3.6B
EBITDA$7.4B$6.2B$7.4B$7.1B$5.4B
Pretax income$5.4B$4.2B$5.4B$5.0B$3.2B
Income tax$1.2B$948.5M$1.3B$1.2B$1.3B
Net income$4.2B$3.3B$4.1B$3.8B$1.9B
EPS, diluted$3.54$2.83$3.58$3.31$1.63
Diluted shares1.2B1.2B1.2B1.1B1.1B

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$6.6B$3.2B$4.0B$3.5B$3.5B
Receivables$1.1B$1.2B$1.2B$1.2B$1.3B
Inventory$1.6B$2.2B$1.8B$1.8B$2.2B
Total current assets$9.8B$7.0B$7.3B$6.8B$7.4B
PP&E, net$14.6B$14.6B$15.8B$18.0B$17.8B
Goodwill & intangibles$4.0B$3.4B$3.3B$3.4B$3.5B
Total assets$31.4B$28.0B$29.4B$31.3B$32.0B
Accounts payable$1.2B$1.4B$1.5B$1.6B$1.9B
Total current liabilities$8.2B$9.2B$9.3B$9.1B$10.2B
Long-term debt$13.6B$13.1B$13.5B$14.3B$14.6B
Total liabilities$36.7B$36.7B$37.4B$38.8B$40.1B
Shareholders' equity−$5.3B−$8.7B−$8.0B−$7.4B−$8.1B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$4.2B$3.3B$4.1B$3.8B$1.9B
Depreciation & amortization$1.5B$1.5B$1.5B$1.6B$2.6B
Stock-based compensation$319.1M$271.5M$302.7M$308.3M$318.3M
Change in working capital−$501.2M−$2.1B−$1.1B−$1.0B−$1.5B
Operating cash flow$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
Investing cash flow−$319.5M−$2.1B−$2.3B−$2.7B−$2.5B
Net debt issued / repaid−$1.7B$673.1M$358.6M$136.5M$493.1M
Buybacks$0−$4.0B−$984.4M−$1.3B$0
Dividends paid−$2.1B−$2.3B−$2.4B−$2.6B−$2.8B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin28.9%26.0%27.4%26.8%22.9%
Operating margin16.8%14.3%16.3%15.0%9.7%
Net margin14.5%10.2%11.5%10.4%5.0%
FCF margin15.6%7.9%10.2%9.2%6.6%
ROE-64.0%-46.8%-49.4%-48.7%-23.9%
ROIC32.7%30.1%35.4%27.6%14.0%
ROA13.8%11.1%14.4%12.4%5.9%
Debt / equity-4.44-2.73-3.08-3.46-3.29
Interest coverage12.4x9.8x10.8x9.8x6.9x
Current ratio1.200.770.780.750.72
Revenue growth+23.6%+11.0%+11.6%+0.6%+2.8%
EPS growth+349.0%−19.5%+26.0%−7.8%−50.8%
P/E at year end28.2x27.4x24.0x28.5x50.9x
EV / EBITDA at year end18.4x17.7x16.2x18.2x21.5x
FCF yield at year end3.81%2.85%3.71%3.09%2.59%
Dividend payout50.5%69.0%59.0%68.7%149.3%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Beverage Member$18.3B$19.6B$21.7B$21.9B$22.5B
Other Products Member$5.7B$6.9B$7.7B$7.5B$7.6B
Food Member$5.1B$5.8B$6.6B$6.7B$7.0B

Revenue by region · FY2025

UNITED STATES$27.1B · 73%
International Segment$6.9B · 19%
CHINA$3.2B · 9%

Street estimates by fiscal year

Next report 2026-10-29 · consensus EPS $0.71 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$38.0B$37.6B – $38.2B$2.62$2.14 – $2.731837.2x
2027$38.5B$36.6B – $41.9B$3.16$2.95 – $3.462030.9x
2028$40.4B$39.2B – $41.5B$3.75$3.15 – $4.521026.0x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-04-28$0.43$0.50+17.6%$9.2B$9.5B+4.0%
2026-01-28$0.59$0.56−4.4%$9.7B$9.9B+2.7%
2025-10-29$0.56$0.52−6.5%$9.3B$9.6B+2.6%
2025-07-29$0.65$0.50−22.7%$9.3B$9.5B+1.7%
2025-04-29$0.49$0.41−15.6%$8.8B$8.8B−0.8%
2025-01-28$0.68$0.69+1.5%$9.3B$9.4B+0.9%
2024-10-30$1.03$0.80−22.3%$9.2B$9.1B−1.4%
2024-07-30$0.93$0.930.0%$9.2B$9.1B−1.5%
2024-04-30$0.79$0.68−13.9%$9.1B$8.6B−6.1%
2024-01-30$0.93$0.90−3.2%$9.4B$9.4B−0.1%
2023-11-02$0.97$1.06+9.3%$8.8B$9.4B+7.0%
2023-08-01$0.95$1.00+5.3%$9.4B$9.2B−2.1%
2023-05-02$0.65$0.74+13.8%$8.4B$8.7B+3.8%
2023-02-02$0.77$0.75−2.6%$8.8B$8.7B−0.9%
2022-11-03$0.72$0.81+12.5%$8.3B$8.4B+1.1%
2022-08-02$0.75$0.84+12.0%$8.1B$8.2B+0.1%
2022-05-03$0.59$0.590.0%$7.6B$7.6B+0.2%
2022-02-01$0.80$0.72−10.0%$8.0B$8.1B+0.8%
2021-10-28$1.00$1.000.0%$8.3B$8.1B−1.7%
2021-07-27$0.78$1.01+29.5%$8.3B$7.5B−9.5%
2021-04-27$0.53$0.62+17.0%$5.5B$6.7B+20.5%
2021-01-26$0.55$0.61+10.9%$6.0B$6.7B+12.3%
2020-10-29$0.33$0.51+54.5%$5.4B$6.2B+13.9%
2020-07-28$-0.61$-0.46+24.6%$5.4B$4.2B−22.0%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.706-150.806-220.806-290.707-060.807-130.807-201.507-270.808-030.508-100.808-170.708-240.608-31
Week ofNotionalSharesTrades
2026-08-31$560.2M5,275,139107,566
2026-08-24$736.1M6,863,912123,325
2026-08-17$797.8M7,527,382142,636
2026-08-10$515.8M4,799,631103,204
2026-08-03$836.8M7,974,859142,476
2026-07-27$1.5B14,431,277197,265

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1566.0%
DateShort shareShort volumeTotal volume
2026-10-1566.0%3,031,4504,589,745
2026-10-1465.3%1,513,1192,317,354
2026-10-1350.4%2,356,3454,673,705
2026-10-1254.7%1,967,0353,594,661
2026-10-0961.2%2,930,4754,791,281
2026-10-0860.8%7,914,21413,026,850
2026-10-0755.6%1,699,1093,054,335
2026-10-0649.6%1,316,1442,655,275
2026-10-0559.7%1,467,0932,458,288
2026-10-0264.9%944,1051,453,720
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.3Jan+0.3Feb+2.6Mar+1.4Apr+0.6May-1.0Jun+2.1Jul+2.2Aug+0.1Sep+1.3Oct+4.5Nov+0.7Dec
MonthAvg returnUp yearsYears
Jan+0.3%40%20
Feb+0.3%60%20
Mar+2.6%76%21
Apr+1.4%55%20
May+0.6%55%20
Jun−1.0%55%20
Jul+2.1%65%20
Aug+2.2%55%20
Sep+0.1%40%20
Oct+1.3%65%20
Nov+4.5%80%20
Dec+0.7%55%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1454.6
MFI52.4
ADX34.7
Stochastic %K / %D85.7 / 70.4
Williams %R-4.3
CCI172
TSI / signal-17.9 / -28.6
Chaikin money flow0.25
ATR$2.42
Bollinger width6.7%
Volume vs 20-day avg0.99x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$94.35 (+3.4%)
SMA 50$100.14 (−2.6%)
SMA 200$98.38 (−0.9%)
EMA 21$95.39 (+2.2%)
EMA 50$98.13 (−0.6%)
EMA 200$97.60 (−0.1%)
Bollinger upper$97.50 (+0.0%)
Bollinger lower$91.20 (+6.9%)
Parabolic SAR$87.54 (+11.4%)
Open the live chart, 110+ indicators

About Starbucks Corporation

Starbucks Corporation, along with its various subsidiaries, operates worldwide as a key player in roasting, marketing, and selling specialty coffee. Its business is structured into three main operating divisions: North America, International markets, and Channel Development. The company's retail outlets offer a broad assortment of coffee and tea beverages, roasted whole bean and ground coffees, single-serve options, and ready-to-drink products. Customers can also find a variety of food items, including pastries, breakfast sandwiches, and lunch selections. Furthermore, Starbucks extends its brand reach by licensing its trademarks to independently operated stores, grocery retailers, and foodservice accounts. Products are sold under well-known labels such as Starbucks, Teavana, Seattle's Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi. As of October 3, 2021, Starbucks had a significant global presence, operating 16,826 company-owned and licensed stores across North America, in addition to 17,007 similar locations internationally. The company, established in 1971, is headquartered in Seattle, Washington.

https://www.starbucks.com

Key executives

NameTitlePayBorn
Brian R. NiccolChairman & Chief Executive Officer$11.1M1974
Catherine R. SmithExecutive Vice President & Chief Financial Officer$3.3M1964
Mike GramsEVP & COO$1.4M1971
Brady BrewerChief Executive Officer of Starbucks International$1.3M1973
Pilar RamosExecutive Vice President & Chief Legal Officer$1.3M1973
Sara KellyExecutive Vice President & Chief Partner Officer$1.2M1980
Bao Giang Val BauduinPrincipal Accounting Officer and Senior VP of Corporate Finance & Development$719,6981976
Andy AdamsSenior Vice President of Global Growth & Concepts——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Brian Niccol chairman and chief executive officer2025$1.6M$19.9M$2.0M$31.0M
Cathy Smith executive vice president, chief financial officer2025$462,498$12.5M$328,697$15.8M
Brady Brewer chief executive officer, Starbucks International2025$775,008$9.6M$424,313$10.9M
Sara Kelly executive vice president, chief partner officer2025$664,424$8.3M$364,298$9.4M
Mike Grams executive vice president, chief operating officer2025$457,692$7.3M$307,442$8.7M
Rachel Ruggeri former executive vice president, chief financial officer2025$494,312$4.4M$0$6.8M

Employees

291k2018346k2019349k2020383k2021402k2022381k2023361k2024381k2025

Dividends

Ex-dateAmountPaid
2026-11-13$0.632026-11-27
2026-08-14$0.622026-08-28
2026-05-15$0.622026-05-29
2026-02-13$0.622026-02-27
2025-11-14$0.622025-11-28
2025-08-15$0.612025-08-29
2025-05-16$0.612025-05-30
2025-02-14$0.612025-02-28

Moat model

Narrow · Efficient Scale · 2026-06-28
Cost advantage67
Intangibles63
Switching costs43
Network effect50
Efficient scale80
Our component scores (0-100) and overall 59.4; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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