FirmAtlas
Company handbook · SBUX · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
SBUX · CIK 829224 · LATEST FILING: 10-Q JUN '26 · FILED JUL 29, 2026
Starbucks Corporation
$97.52
+0.64 (+0.66%)
Close, Oct 16, 2026 · 52-week $78–111
Last fiscal year
Starbucks Corporation reported revenue of $37.2B for the year ended Sep 28, 2025 (FY25), up 2.8% from FY24. Net income was $1.9B, operating cash flow $4.7B and free cash flow $2.4B. Source: 10-K filed Nov 14, 2025.
Market cap
$110.9B
P/E
55.9
EV/EBITDA
26.5x
P/B
n/m
Div yield
2.54%
ROIC
41.1%
Revenue 1Y
2.8%/yr
EPS 1Y
−50.8%/yr
Shares 1Y
+0.3%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOBrian Niccol
HQSeattle, WA
AuditorDeloitte & Touche LLP
Employees381,000
Year endsSeptember
Revenue by segment · FY25
North America74%
International21%
Channel Development5%
Corporate And Other0%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
6.3%
−2.6%
1.4%
15.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$11.9B deployed
Capex
$5.1B
42.8%
Acquisitions
$177M
1.5%
Dividends
$5.4B
45.1%
Buybacks
$1.3B
10.7%
Operating cash flow over the period: $10.8B. Total debt changed by +$2.0B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Sep 28, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
36,176
37,184+2.8%
38,338
YoY
+2.8%
Operating income
5,409
2,937−45.7%
2,978
Operating margin
15.0%
7.9%−7.1 pp
—
EBITDA
7,001
4,708−32.8%
—
EBITDA margin
19.4%
12.7%−6.7 pp
—
Interest expense
562
543−3.5%
—
Interest coverage
12.46x
8.68x−3.78x
—
Net income
3,761
1,856−50.6%
1,983
YoY
−50.6%
Net margin
10.4%
5.0%−5.4 pp
—
EPS (diluted, $)
3.31
1.63−50.8%
1.74
YoY
−50.8%
Balance sheet
Total assets
31,339
32,020+2.2%
28,295
Cash & short-term investments
3,543
3,467−2.2%
—
Accounts receivable
1,214
1,278+5.2%
—
Inventory
1,777
2,186+23.0%
—
Net PP&E
8,666
8,494−2.0%
—
Other assets
16,140
16,596+2.8%
—
Total liabilities
38,788
40,116+3.4%
35,969
Accounts payable
1,596
1,853+16.1%
—
Total debt
15,568
17,574+12.9%
14,777
Other liabilities
21,624
20,690−4.3%
—
Shareholders’ equity
(7,449)
(8,097)n/m
(7,674)
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
6,096
4,748−22.1%
4,986
Net income
3,762
1,857−50.6%
—
Depreciation & amortization
1,592
1,772+11.2%
—
Stock-based compensation
308
318+3.2%
—
Working capital & other
433
801+85.2%
—
Cash from investing
(2,699)
(2,485)n/m
—
Capex
(2,778)
(2,306)n/m
—
PP&E sold
0
0n/m
—
Acquisitions
0
(177)n/m
—
Investments bought
(628)
(334)n/m
—
Investments sold / matured
768
392−49.0%
—
Other investing
(62)
(61)n/m
—
Cash from financing
(3,718)
(2,298)n/m
—
Debt raised
1,995
1,748−12.4%
—
Debt repaid
(1,825)
(1,250)n/m
—
Dividends
(2,585)
(2,771)n/m
—
Buybacks
(1,267)
0n/m
—
Shares issued
108
77−28.7%
—
Other financing
(145)
(102)n/m
—
Net change in cash
(265)
(66)n/m
—
Free cash flow (OCF − capex)
3,318
2,442−26.4%
3,642
Where the cash went
Operating cash flow
6,096
4,748−22.1%
4,986
Reinvested in the business
2,778
2,483−10.6%
—
% of operating cash flow
45.6%
52.3%
Capex
2,778
2,306−17.0%
1,344
Acquisitions
0
177n/m
—
Free cash flow
3,318
2,442−26.4%
3,642
YoY
−26.4%
Returned to shareholders
3,852
2,771−28.0%
—
% of free cash flow
116.1%
113.5%
Dividends
2,585
2,771+7.2%
—
Buybacks
1,267
0−100.0%
—
Change in total debt
—
2,005
—
Cash left over
—
1,499
—
FCF conversion (FCF ÷ net income)
88.2%
131.5%+43.3 pp
—
Owner earnings
—
1,108
—
Owner earnings margin
—
3.0%
—
Buyback yield
1.1%
—
—
Returns & ratios
ROIC (all capital)
89.5%
41.1%−48.4 pp
—
ROIC (operating)
40.7%
21.6%−19.1 pp
—
Net debt / EBITDA
1.72x
3.00x+1.28x
—
Cash conversion cycle (days)
14
16+2 d
—
ROE
−50.5%
−22.9%+27.6 pp
—
ROA
12.0%
5.8%−6.2 pp
—
ROCE
24.3%
13.5%−10.8 pp
—
NOPAT
4,095
2,175−46.9%
—
Invested capital (operating)
10,061
10,104+0.4%
—
Invested capital (all)
4,576
6,010+31.3%
—
Reinvestment rate
—
2.0%
—
Debtor days
12
13+0 d
—
Inventory days
18
21+4 d
—
Days payable
16
18+2 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
9,569
9,915
9,532
9,323
vs year-ago quarter
Operating income
278
891
828
980
Net income
133
293
511
1,045
vs year-ago quarter
Net margin
1.4%
3.0%
5.4%
11.2%
EPS (diluted, $)
0.12
0.26
0.45
0.91
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
32,020
32,228
30,558
28,295
Cash & equivalents
3,467
3,413
1,532
3,450
Total debt
17,574
17,580
17,080
14,777
Shareholders’ equity
(8,097)
(8,389)
(8,465)
(7,674)
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,382
1,598
364
1,642
Capex
456
324
273
291
Free cash flow
926
1,274
92
1,350
vs year-ago quarter