Starbucks (SBUX) Financials

$85.59 +0.98 (+1.16%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for Starbucks

This table shows Starbucks' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/29/2024	10/1/2023	10/2/2022	10/3/2021	9/27/2020	9/29/2019	9/30/2018	10/1/2017	10/2/2016	9/27/2015
Net Income / (Loss) Attributable to Common Shareholders	3,761	4,125	3,282	4,199	928	3,599	4,518	2,885	2,818	2,757
Consolidated Net Income / (Loss)	3,762	4,125	3,283	4,200	925	3,595	4,518	2,885	2,819	2,759
Net Income / (Loss) Continuing Operations	3,762	4,125	3,283	2,471	925	3,595	4,518	2,885	2,819	2,759
Total Pre-Tax Income	4,970	5,402	4,232	5,357	1,164	4,466	5,780	4,318	4,199	3,903
Total Operating Income	5,409	5,871	4,618	4,872	1,562	4,078	3,883	3,743	4,172	3,601
Total Gross Profit	9,709	9,846	8,371	8,391	5,059	7,488	7,317	6,835	6,743	5,964
Total Revenue	36,176	35,976	32,250	29,061	23,518	26,509	24,720	22,387	21,316	19,163
Operating Revenue	36,176	35,976	32,250	29,061	23,518	26,509	24,720	22,387	21,316	19,163
Total Cost of Revenue	26,467	26,129	23,879	20,670	18,459	19,021	17,403	15,552	14,573	13,199
Operating Cost of Revenue	26,467	26,129	23,879	20,670	18,459	19,021	17,403	15,552	14,573	13,199
Total Operating Expenses	4,300	3,975	3,753	3,519	3,497	3,410	3,433	3,091	2,889	2,363
Selling, General & Admin Expense	3,089	2,981	2,494	2,292	2,110	2,195	2,263	1,926	1,908	1,719
Depreciation Expense	1,513	1,363	1,448	1,442	1,431	1,377	1,247	1,011	981	894
Other Operating Expenses / (Income)	-301	-298	-234	-385	-323	-298	-301	-	-	-250
Restructuring Charge	0.00	22	46	170	279	136	224	154	0.00	0.00
Other Special Charges / (Income)	0.00	-91	0.00	-	-	-	-	0.00	0.00	-
Total Other Income / (Expense), net	-439	-469	-386	-1,244	-397	388	1,897	574	345	302
Interest Expense	562	550	483	470	437	331	170	93	81	132
Interest & Investment Income	123	81	97	90	40	97	191	573	421	43
Other Income / (Expense), net	0.00	0.00	0.00	-865	0.00	623	1,876	94	5.40	391
Income Tax Expense	1,207	1,277	949	1,157	240	872	1,262	1,433	1,380	1,144
Net Income / (Loss) Attributable to Noncontrolling Interest	1.40	0.20	1.80	1.00	-3.60	-4.60	-0.30	0.20	1.20	1.90
Basic Earnings per Share	$3.32	$3.60	$2.85	$3.57	$0.79	$2.95	$3.27	$1.99	$1.91	$1.84
Weighted Average Basic Shares Outstanding	1.13B	1.15B	1.15B	1.18B	1.17B	1.22B	1.38B	1.45B	1.47B	1.50B
Diluted Earnings per Share	$3.31	$3.58	$2.83	$3.54	$0.79	$2.92	$3.24	$1.97	$1.90	$1.82
Weighted Average Diluted Shares Outstanding	1.14B	1.15B	1.16B	1.19B	1.18B	1.23B	1.39B	1.46B	1.49B	1.51B
Weighted Average Basic & Diluted Shares Outstanding	1.13B	1.14B	1.15B	1.17B	1.17B	1.18B	14.77M	1.45B	1.46B	1.48B
Cash Dividends to Common per Share	$2.32	$2.16	$2.00	$2.29	$1.23	$1.49	$1.32	$1.05	$0.85	$0.68

This table shows Starbucks' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/30/2025	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	10/2/2022
Net Income / (Loss) Attributable to Common Shareholders	384	781	909	1,055	772	1,024	1,219	1,142	908	855	878
Consolidated Net Income / (Loss)	384	781	910	1,056	773	1,024	1,219	1,142	908	855	879
Net Income / (Loss) Continuing Operations	384	781	910	1,056	773	1,024	1,219	1,142	908	855	879
Total Pre-Tax Income	502	1,022	1,194	1,404	992	1,379	1,593	1,464	1,210	1,135	1,101
Total Operating Income	601	1,122	1,307	1,518	1,099	1,485	1,706	1,584	1,328	1,253	1,196
Total Gross Profit	1,848	2,301	2,382	2,544	2,190	2,593	2,719	2,607	2,282	2,238	2,159
Total Revenue	8,762	9,398	9,074	9,114	8,563	9,425	9,374	9,168	8,720	8,714	8,414
Operating Revenue	8,762	9,398	9,074	9,114	8,563	9,425	9,374	9,168	8,720	8,714	8,414
Total Cost of Revenue	6,914	7,097	6,692	6,570	6,373	6,832	6,654	6,562	6,438	6,476	6,256
Operating Cost of Revenue	6,914	7,097	6,692	6,570	6,373	6,832	6,654	6,562	6,438	6,476	6,256
Total Operating Expenses	1,247	1,179	1,075	1,026	1,091	1,108	1,013	1,023	955	985	963
Selling, General & Admin Expense	771	818	783	720	787	798	781	743	747	710	661
Depreciation Expense	419	408	395	380	372	365	351	342	342	327	357
Other Operating Expenses / (Income)	-59	-47	-103	-74	-68	-56	-120	-70	-51	-58	-91
Restructuring Charge	116	0.00	-	0.00	0.00	0.00	0.10	7.10	8.80	5.80	35
Other Special Charges / (Income)	0.00	0.00	-	0.00	-	0.00	-	0.00	-91	-	-
Total Other Income / (Expense), net	-99	-99	-113	-113	-107	-106	-113	-120	-118	-118	-95
Interest Expense	127	127	140	141	141	140	143	141	136	130	125
Interest & Investment Income	28	28	27	28	34	34	30	21	18	12	31
Income Tax Expense	118	241	284	349	220	355	374	322	301	280	223
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.10	0.10	0.40	0.90	0.10	0.00	-	0.20	0.00	0.00	0.30
Basic Earnings per Share	$0.34	$0.69	$0.81	$0.93	$0.68	$0.90	$1.07	$1.00	$0.79	$0.74	$0.76
Weighted Average Basic Shares Outstanding	1.14B	1.13B	1.13B	1.13B	1.13B	1.14B	1.15B	1.15B	1.15B	1.15B	1.15B
Diluted Earnings per Share	$0.34	$0.69	$0.80	$0.93	$0.68	$0.90	$1.06	$0.99	$0.79	$0.74	$0.77
Weighted Average Diluted Shares Outstanding	1.14B	1.14B	1.14B	1.14B	1.14B	1.14B	1.15B	1.15B	1.15B	1.15B	1.16B
Weighted Average Basic & Diluted Shares Outstanding	1.14B	1.14B	1.13B	1.13B	1.13B	1.13B	1.14B	1.15B	1.15B	1.15B	1.15B
Cash Dividends to Common per Share	$0.61	$0.61	-	-	$0.57	$0.57	-	$0.53	$0.53	$0.53	-

This table details how cash moves in and out of Starbucks' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/29/2024	10/1/2023	10/2/2022	10/3/2021	9/27/2020	9/29/2019	9/30/2018	10/1/2017	10/2/2016	9/27/2015
Net Change in Cash & Equivalents	-265	733	-3,637	3,748	1,664	-6,070	6,294	334	599	-178
Net Cash From Operating Activities	6,096	6,009	4,397	5,989	1,598	5,047	11,938	4,252	4,698	3,749
Net Cash From Continuing Operating Activities	6,096	6,009	4,397	7,718	1,598	3,112	13,590	4,154	4,608	3,749
Net Income / (Loss) Continuing Operations	3,762	4,125	3,283	4,200	925	3,595	4,518	2,885	2,819	2,759
Consolidated Net Income / (Loss)	3,762	4,125	3,283	4,200	925	3,595	4,518	2,885	2,819	2,759
Depreciation Expense	1,592	1,450	1,529	1,524	1,503	1,449	1,306	1,067	1,030	934
Non-Cash Adjustments To Reconcile Net Income	1,790	1,567	1,718	1,153	1,846	-1,736	-2,722	246	406	-244
Changes in Operating Assets and Liabilities, net	-1,049	-1,133	-2,133	841	-2,676	-195	8,836	54	353	300
Net Cash From Investing Activities	-2,699	-2,271	-2,146	-320	-1,712	-1,011	-2,362	-850	-2,223	-1,520
Net Cash From Continuing Investing Activities	-2,699	-2,271	-2,146	-320	-1,712	-1,011	-2,362	-850	-2,223	-1,520
Purchase of Property, Plant & Equipment	-2,778	-2,334	-1,841	-1,470	-1,484	-1,807	-1,976	-1,519	-1,440	-1,304
Purchase of Investments	-628	-611	-378	-432	-444	-190	-192	-674	-1,586	-567
Sale of Property, Plant & Equipment	10	113	73	143	-	-	-	-	-	-
Divestitures	0.00	0.00	59	1,175	0.00	684	608	85	70	8.90
Sale and/or Maturity of Investments	768	617	67	346	260	358	504	1,204	709	619
Other Investing Activities, net	-73	-56	-126	-81	-44	-56	5.60	54	25	6.80
Net Cash From Financing Activities	-3,718	-2,991	-5,638	-3,651	1,713	-10,057	-3,243	-3,079	-1,873	-2,257
Net Cash From Continuing Financing Activities	-3,718	-2,991	-5,638	-3,651	1,713	-10,057	-3,243	-3,079	-1,873	-2,257
Repayment of Debt	-1,993	-1,090	-1,046	-1,896	-1,005	-368	-41	-404	-8.40	-628
Repurchase of Common Equity	-1,267	-984	-4,013	0.00	-1,699	-10,222	-7,134	-2,043	-1,996	-1,436
Payment of Dividends	-2,585	-2,432	-2,263	-2,119	-1,924	-1,761	-1,743	-1,450	-1,178	-1,289
Issuance of Debt	2,119	1,437	1,710	215	6,134	1,996	5,584	750	1,255	849
Issuance of Common Equity	108	167	102	246	299	410	154	151	161	192
Other Financing Activities, net	-100	-89	-127	-97	-92	-112	-63	-83	-106	57
Effect of Exchange Rate Changes	57	-14	-250	-	65	-49	-40	11	-3.50	-151
Cash Interest Paid	571	524	475	501	397	300	137	97	75	70
Cash Income Taxes Paid	1,373	1,294	1,158	756	1,699	470	1,177	1,389	879	1,072

This table details how cash moves in and out of Starbucks' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/30/2025	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	10/2/2022
Net Change in Cash & Equivalents	-1,000	385	107	415	-325	-551	195	285	-807	1,061	-359
Net Cash From Operating Activities	292	2,072	1,536	1,670	506	2,384	1,945	6,425	-3,954	1,593	1,100
Net Cash From Continuing Operating Activities	292	2,072	1,536	1,670	417	2,384	1,945	1,703	75	2,286	1,111
Net Income / (Loss) Continuing Operations	384	781	910	1,056	773	1,024	1,219	1,142	908	855	879
Consolidated Net Income / (Loss)	384	781	910	1,056	773	1,024	1,219	1,142	908	855	879
Depreciation Expense	435	432	401	407	399	384	377	365	367	343	360
Non-Cash Adjustments To Reconcile Net Income	424	657	352	490	773	491	396	440	648	84	370
Changes in Operating Assets and Liabilities, net	-952	202	-127	-284	-1,528	484	-47	-243	-1,848	1,004	-497
Net Cash From Investing Activities	-644	-855	-850	-586	-695	-569	-865	-499	-628	-279	-770
Net Cash From Continuing Investing Activities	-644	-855	-850	-586	-695	-569	-865	-499	-628	-279	-770
Purchase of Property, Plant & Equipment	-589	-693	-798	-724	-659	-596	-700	-632	-485	-517	-546
Purchase of Investments	-103	-66	-82	-74	-255	-217	-253	-109	-237	-11	-261
Sale and/or Maturity of Investments	53	88	36	233	246	254	100	245	18	254	-65
Other Investing Activities, net	-5.10	-6.50	-16	-21	-27	-9.30	-14	-2.80	-33	-6.10	-31
Net Cash From Financing Activities	-667	-755	-645	-650	-14	-2,409	-878	-830	-276	-1,008	-565
Net Cash From Continuing Financing Activities	-667	-755	-645	-650	-14	-2,409	-878	-830	-276	-1,008	-565
Payment of Dividends	-693	-692	-646	-646	-645	-648	-607	-607	-609	-608	-562
Issuance of Debt	1.10	0.00	5.50	25	1,739	349	-144	31	1,726	-175	173
Issuance of Common Equity	27	17	29	21	26	32	18	20	84	46	26
Other Financing Activities, net	-1.90	-75	-2.30	-4.00	-2.00	-92	-2.30	-5.60	-2.40	-79	-3.70
Effect of Exchange Rate Changes	19	-77	66	-20	-	43	-8.20	-89	-	-	-124
Cash Interest Paid	196	98	197	98	156	120	155	119	134	117	130
Cash Income Taxes Paid	338	121	293	229	708	143	354	303	531	106	246

This table presents Starbucks' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/29/2024	10/1/2023	10/2/2022	10/3/2021	9/27/2020	9/29/2019	9/30/2018	10/1/2017	10/2/2016	9/27/2015
Total Assets	31,339	29,446	27,978	31,393	29,375	19,220	24,156	14,366	14,313	12,416
Total Current Assets	6,847	7,303	7,019	9,756	7,806	5,654	12,494	5,283	4,758	3,971
Restricted Cash	3,286	3,552	2,818	6,456	-	-	-	-	-	-
Short-Term Investments	257	402	365	162	281	71	182	229	134	81
Accounts Receivable	1,214	1,184	1,176	940	883	879	693	870	769	719
Inventories, net	1,777	1,806	2,177	1,604	1,551	1,529	1,401	1,364	1,379	1,306
Prepaid Expenses	313	360	484	595	740	488	1,463	358	347	334
Plant, Property, & Equipment, net	8,666	7,387	6,561	6,370	6,241	6,432	5,929	4,920	4,534	4,088
Total Noncurrent Assets	15,826	14,755	14,399	15,267	15,327	7,134	5,733	4,163	5,021	4,357
Long-Term Investments	740	687	590	550	685	616	602	1,024	1,496	665
Goodwill	3,316	3,218	3,284	3,677	3,597	3,491	3,542	1,539	1,720	1,575
Intangible Assets	101	121	156	350	552	782	1,042	441	516	520
Noncurrent Deferred & Refundable Income Taxes	1,767	1,770	1,800	1,875	1,790	1,766	135	795	885	1,181
Other Noncurrent Operating Assets	9,903	8,959	8,570	8,815	8,703	480	412	363	403	416
Total Liabilities & Shareholders' Equity	31,339	29,446	27,978	31,393	29,375	19,220	24,156	14,366	14,313	12,416
Total Liabilities	38,781	37,433	36,677	36,707	37,174	25,451	22,981	8,909	8,422	6,597
Total Current Liabilities	9,070	9,345	9,152	8,151	7,347	6,169	5,684	4,221	4,547	3,648
Short-Term Debt	1,249	1,852	1,924	999	1,689	0.00	350	0.00	400	0.00
Accounts Payable	1,596	1,544	1,441	1,212	998	1,190	1,179	783	731	684
Accrued Expenses	2,195	2,145	2,137	2,321	1,161	1,754	1,753	1,935	1,999	1,755
Current Deferred Revenue	1,781	1,700	1,642	1,596	1,457	1,269	1,643	1,289	1,171	984
Current Employee Benefit Liabilities	787	828	762	772	696	665	657	-	-	-
Other Current Liabilities	1,463	1,275	1,246	1,251	1,249	0.00	-	215	246	225
Total Noncurrent Liabilities	29,711	28,088	27,525	28,556	29,827	19,282	17,296	4,688	3,875	2,948
Long-Term Debt	14,320	13,548	13,120	13,617	14,660	11,167	9,090	3,933	3,185	2,348
Noncurrent Deferred Revenue	5,964	6,102	6,280	6,463	6,599	6,744	6,776	4.40	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	656	514	611	738	907	1,371	1,431	751	-	-
Other Noncurrent Operating Liabilities	8,772	7,925	7,515	7,738	7,662	0.00	-	-	690	601
Total Equity & Noncontrolling Interests	-7,442	-7,988	-8,699	-5,315	-7,799	-6,231	1,176	5,457	5,891	5,820
Total Preferred & Common Equity	-7,449	-7,995	-8,707	-5,321	-7,805	-6,232	1,170	5,450	5,884	5,818
Total Common Equity	-7,449	-7,995	-8,707	-5,321	-7,805	-6,232	1,170	5,450	5,884	5,818
Common Stock	324	39	206	847	375	42	42	43	43	43
Retained Earnings	-7,344	-7,256	-8,450	-6,316	-7,816	-5,771	1,457	5,563	5,950	5,975
Accumulated Other Comprehensive Income / (Loss)	-429	-778	-463	147	-365	-503	-330	-156	-108	-199
Noncontrolling Interest	7.30	7.00	7.90	6.70	5.70	1.20	6.30	6.90	6.70	1.80

This table presents Starbucks' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/30/2025	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	10/2/2022
Total Assets	31,633	31,893	31,339	30,112	29,363	29,180	29,446	28,733	28,609	28,256	27,978
Total Current Assets	6,714	7,285	6,847	6,808	6,465	6,570	7,303	7,171	7,046	6,935	7,019
Restricted Cash	2,671	3,671	3,286	-	2,764	3,000	3,552	3,357	3,072	-	2,818
Short-Term Investments	340	286	257	212	363	383	402	263	379	124	365
Accounts Receivable	1,155	1,242	1,214	1,146	1,110	1,165	1,184	1,140	1,186	1,163	1,176
Inventories, net	2,047	1,732	1,777	1,855	1,744	1,646	1,806	1,987	2,001	2,088	2,177
Prepaid Expenses	500	354	313	416	484	375	360	424	409	374	484
Plant, Property, & Equipment, net	8,820	8,684	8,666	8,080	7,817	7,612	7,387	7,054	6,819	6,700	6,561
Total Noncurrent Assets	16,099	15,925	15,826	15,224	15,081	14,999	14,755	14,509	14,744	14,622	14,399
Long-Term Investments	689	677	740	731	721	641	687	623	612	614	590
Goodwill	3,325	3,288	3,316	3,184	3,229	3,303	3,218	3,251	3,412	3,383	3,284
Intangible Assets	169	171	101	106	111	116	121	124	131	151	156
Noncurrent Deferred & Refundable Income Taxes	1,736	1,723	1,767	1,702	1,747	1,769	1,770	1,790	1,811	1,812	1,800
Other Noncurrent Operating Assets	10,180	10,067	9,903	9,502	9,274	9,170	8,959	8,720	8,778	8,661	8,570
Total Liabilities & Shareholders' Equity	31,633	31,893	31,339	30,112	29,363	29,180	29,446	28,733	28,609	28,256	27,978
Total Liabilities	39,249	39,358	38,781	38,049	37,805	37,789	37,433	37,075	37,108	36,922	36,677
Total Current Liabilities	10,429	9,725	9,070	7,650	7,529	9,396	9,345	9,215	9,122	9,246	9,152
Short-Term Debt	2,248	1,249	1,249	23	42	1,450	1,852	1,870	1,942	1,749	1,924
Accounts Payable	1,914	1,778	1,596	1,586	1,487	1,461	1,544	1,504	1,434	1,348	1,441
Accrued Expenses	2,037	2,212	2,195	2,082	2,016	2,327	2,145	2,061	1,970	2,090	2,137
Current Deferred Revenue	1,920	2,253	1,781	1,831	1,872	2,200	1,700	1,760	1,796	2,137	1,642
Current Employee Benefit Liabilities	833	780	787	708	705	649	828	755	711	665	762
Other Current Liabilities	1,478	1,453	1,463	1,419	1,407	1,309	1,275	1,265	1,270	1,258	1,246
Total Noncurrent Liabilities	28,819	29,632	29,711	30,400	30,277	28,393	28,088	27,860	27,987	27,676	27,525
Long-Term Debt	13,324	14,312	14,320	15,551	15,548	13,565	13,548	13,544	13,545	13,177	13,120
Noncurrent Deferred Revenue	5,871	5,941	5,964	6,011	6,058	6,129	6,102	6,153	6,200	6,263	6,280
Noncurrent Deferred & Payable Income Tax Liabilities	664	522	656	539	490	560	514	472	488	601	611
Other Noncurrent Operating Liabilities	8,960	8,857	8,772	8,298	8,180	8,139	7,925	7,691	7,754	7,635	7,515
Total Equity & Noncontrolling Interests	-7,615	-7,465	-7,442	-7,937	-8,442	-8,609	-7,988	-8,342	-8,499	-8,666	-8,699
Total Preferred & Common Equity	-7,623	-7,472	-7,449	-7,945	-8,449	-8,616	-7,995	-8,349	-8,507	-8,674	-8,707
Total Common Equity	-7,623	-7,472	-7,449	-7,945	-8,449	-8,616	-7,995	-8,349	-8,507	-8,674	-8,707
Common Stock	472	368	324	224	143	39	39	39	39	68	206
Retained Earnings	-7,566	-7,256	-7,344	-7,562	-7,971	-8,098	-7,256	-7,611	-8,025	-8,203	-8,450
Accumulated Other Comprehensive Income / (Loss)	-529	-584	-429	-608	-622	-558	-778	-778	-522	-539	-463
Noncontrolling Interest	7.10	7.10	7.30	8.00	7.20	7.10	7.00	7.00	7.50	7.90	7.90

This table displays calculated financial ratios and metrics derived from Starbucks' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/29/2024	10/1/2023	10/2/2022	10/3/2021	9/27/2020	9/29/2019	9/30/2018	10/1/2017	10/2/2016	9/27/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.56%	11.55%	10.98%	23.57%	-11.28%	7.24%	10.42%	5.02%	11.24%	16.51%
EBITDA Growth	-4.37%	19.10%	22.25%	80.49%	-50.16%	-12.95%	44.06%	-5.83%	5.73%	28.62%
EBIT Growth	-7.87%	27.13%	15.23%	156.62%	-66.78%	-18.38%	50.10%	-8.15%	4.65%	29.55%
NOPAT Growth	-8.65%	25.12%	-12.43%	208.03%	-62.21%	8.13%	21.36%	-10.70%	10.02%	26.26%
Net Income Growth	-8.79%	25.62%	-43.66%	354.23%	-74.28%	-20.44%	56.61%	2.34%	2.16%	33.45%
EPS Growth	-7.54%	26.50%	-40.11%	348.10%	-72.95%	-9.88%	64.47%	3.68%	4.40%	34.81%
Operating Cash Flow Growth	1.45%	36.65%	-26.58%	274.83%	-68.34%	-57.72%	180.77%	-9.50%	25.31%	516.83%
Free Cash Flow Firm Growth	-29.43%	36.23%	-72.17%	1,246.92%	-115.35%	-63.39%	200.23%	-14.55%	129.04%	304.44%
Invested Capital Growth	38.68%	7.76%	20.57%	-34.00%	106.80%	45.29%	-81.04%	-0.73%	-2.97%	26.84%
Revenue Q/Q Growth	-0.82%	2.74%	1.67%	7.17%	-2.26%	1.70%	2.51%	-0.06%	3.88%	3.98%
EBITDA Q/Q Growth	-5.08%	7.75%	-9.43%	2.47%	-15.75%	48.98%	8.14%	-9.15%	5.79%	3.37%
EBIT Q/Q Growth	-6.87%	9.53%	-5.85%	1.50%	-29.80%	74.09%	8.64%	-11.59%	6.73%	2.95%
NOPAT Q/Q Growth	-7.04%	8.52%	-11.54%	21.50%	-27.89%	50.52%	-14.32%	-12.85%	4.00%	6.52%
Net Income Q/Q Growth	-7.60%	9.00%	-21.25%	48.50%	-30.69%	1.30%	-0.73%	-0.43%	5.58%	2.42%
EPS Q/Q Growth	-7.28%	8.81%	-40.11%	46.89%	-28.18%	2.46%	1.57%	-1.50%	4.40%	1.11%
Operating Cash Flow Q/Q Growth	-6.29%	16.37%	-8.74%	8.22%	-2.59%	-59.21%	159.68%	-7.37%	10.88%	6.50%
Free Cash Flow Firm Q/Q Growth	-18.76%	9.21%	-8.10%	11.53%	-114.09%	-68.85%	704.46%	-17.10%	10.78%	17.32%
Invested Capital Q/Q Growth	9.36%	-2.07%	-1.88%	1.78%	-3.87%	8.40%	-86.94%	0.61%	-2.08%	1.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.84%	27.37%	51.91%	28.87%	21.51%	28.25%	29.60%	30.53%	31.63%	31.12%
EBITDA Margin	19.35%	20.35%	38.12%	19.04%	13.03%	23.20%	28.58%	21.91%	24.43%	25.70%
Operating Margin	14.95%	16.32%	14.32%	16.77%	6.64%	15.38%	15.71%	16.72%	19.57%	18.79%
EBIT Margin	14.95%	16.32%	14.32%	13.79%	6.64%	17.73%	23.30%	17.14%	19.60%	20.83%
Profit (Net Income) Margin	10.40%	11.47%	10.18%	14.45%	3.93%	13.56%	18.28%	12.89%	13.22%	14.40%
Tax Burden Percent	75.71%	76.36%	77.59%	78.41%	79.41%	80.48%	78.17%	66.82%	67.14%	70.70%
Interest Burden Percent	91.88%	92.01%	183.29%	133.67%	74.56%	95.01%	100.37%	112.53%	100.51%	97.78%
Effective Tax Rate	24.29%	23.64%	22.41%	21.59%	20.59%	19.52%	21.83%	33.18%	32.86%	29.30%
Return on Invested Capital (ROIC)	123.80%	167.78%	152.29%	142.41%	51.73%	248.77%	89.93%	43.91%	48.26%	48.32%
ROIC Less NNEP Spread (ROIC-NNEP)	120.78%	164.53%	149.09%	146.52%	48.38%	256.90%	2,609.18%	1,803.88%	13.32%	-28.31%
Return on Net Nonoperating Assets (RNNOA)	-172.57%	-217.22%	-398.31%	-206.46%	-64.91%	-390.99%	46.30%	6.93%	-0.12%	1.42%
Return on Equity (ROE)	-48.77%	-49.44%	-46.86%	-64.06%	-13.18%	-142.21%	136.23%	50.85%	48.14%	49.75%
Cash Return on Invested Capital (CROIC)	91.39%	160.31%	267.28%	183.37%	-17.89%	211.85%	226.19%	44.65%	51.27%	24.66%
Operating Return on Assets (OROA)	17.80%	20.45%	15.56%	13.19%	6.43%	21.67%	29.90%	26.76%	31.26%	34.46%
Return on Assets (ROA)	12.38%	14.37%	22.12%	13.82%	3.81%	16.57%	23.46%	20.12%	21.09%	23.82%
Return on Common Equity (ROCE)	-48.81%	-49.48%	-46.91%	-64.12%	-13.19%	-142.42%	135.96%	50.78%	48.11%	49.73%
Return on Equity Simple (ROE_SIMPLE)	-50.51%	-51.59%	-37.71%	-78.94%	-11.85%	-57.68%	386.32%	52.93%	47.91%	47.43%
Net Operating Profit after Tax (NOPAT)	4,095	4,483	3,583	3,820	1,240	3,282	3,035	2,501	2,801	2,546
NOPAT Margin	11.32%	12.46%	11.11%	13.15%	5.27%	12.38%	12.28%	11.17%	13.14%	13.29%
Net Nonoperating Expense Percent (NNEP)	3.02%	3.25%	6.40%	-4.11%	3.35%	-8.12%	-2,519.25%	-1,759.97%	34.94%	76.63%
Cost of Revenue to Revenue	73.16%	72.63%	74.04%	71.13%	78.49%	71.75%	70.40%	69.47%	68.37%	68.88%
SG&A Expenses to Revenue	8.54%	8.29%	7.73%	7.89%	8.97%	8.28%	9.16%	8.61%	8.95%	8.97%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.89%	11.05%	11.64%	12.11%	14.87%	12.86%	13.89%	13.81%	13.55%	12.33%
Earnings before Interest and Taxes (EBIT)	5,409	5,871	4,618	4,008	1,562	4,701	5,759	3,837	4,177	3,992
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,001	7,321	6,147	5,532	3,065	6,150	7,065	4,904	5,207	4,925
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	57.55	12.21	11.37	12.30
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.18	18.34	19.23
Price to Revenue (P/Rev)	3.03	2.82	2.83	4.26	3.83	3.57	2.72	2.97	3.14	3.73
Price to Earnings (P/E)	29.16	24.57	56.91	29.45	96.95	26.29	14.90	23.06	23.75	25.96
Dividend Yield	2.36%	3.00%	4.92%	1.72%	2.13%	1.82%	2.53%	2.17%	1.75%	1.33%
Earnings Yield	3.43%	4.07%	7.17%	3.40%	1.03%	3.80%	6.71%	4.34%	4.21%	3.85%
Enterprise Value to Invested Capital (EV/IC)	31.47	40.44	81.39	61.46	31.26	65.53	62.48	11.76	11.68	12.16
Enterprise Value to Revenue (EV/Rev)	3.34	3.12	6.49	4.51	4.30	3.86	2.72	2.98	3.13	3.74
Enterprise Value to EBITDA (EV/EBITDA)	17.27	15.31	34.05	23.70	32.97	16.65	9.51	13.61	12.82	14.55
Enterprise Value to EBIT (EV/EBIT)	22.36	19.09	45.33	32.72	64.70	21.79	11.67	17.40	15.98	17.95
Enterprise Value to NOPAT (EV/NOPAT)	29.54	25.01	28.61	34.32	81.47	31.21	22.14	26.69	23.83	28.14
Enterprise Value to Operating Cash Flow (EV/OCF)	19.84	18.66	23.31	21.89	63.23	20.29	5.63	15.70	14.21	19.11
Enterprise Value to Free Cash Flow (EV/FCFF)	40.01	26.17	32.60	26.65	0.00	36.65	8.80	26.25	22.43	55.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-2.09	-1.93	-1.73	-2.75	-2.10	-1.79	8.03	0.72	0.61	0.40
Long-Term Debt to Equity	-1.92	-1.70	-3.02	-2.56	-1.88	-1.79	7.73	0.72	0.54	0.40
Financial Leverage	-1.43	-1.32	-1.34	-1.41	-1.34	-1.52	0.02	0.00	-0.01	-0.05
Leverage Ratio	-3.94	-3.44	-8.47	-4.63	-3.46	-8.58	5.81	2.53	2.28	2.09
Compound Leverage Factor	-3.62	-3.17	-3.88	-6.19	-2.58	-8.15	5.83	2.84	2.29	2.04
Debt to Total Capital	191.57%	207.77%	237.09%	157.14%	191.23%	226.24%	88.92%	41.88%	37.83%	28.74%
Short-Term Debt to Total Capital	15.37%	24.99%	30.32%	10.74%	19.75%	0.00%	3.30%	0.00%	4.22%	0.00%
Long-Term Debt to Total Capital	176.20%	182.78%	206.77%	146.40%	171.48%	226.24%	85.63%	41.88%	33.61%	28.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.09%	0.09%	0.25%	0.07%	0.07%	0.02%	0.06%	0.07%	0.07%	0.02%
Common Equity to Total Capital	-91.66%	-107.86%	-274.43%	-57.21%	-91.30%	-126.26%	11.02%	58.04%	62.09%	71.24%
Debt to EBITDA	2.22	2.10	4.89	2.64	5.33	1.82	1.34	0.80	0.69	0.48
Net Debt to EBITDA	1.61	1.47	3.67	1.35	3.60	1.27	-0.01	0.04	-0.03	0.01
Long-Term Debt to EBITDA	2.05	1.85	4.27	2.46	4.78	1.82	1.29	0.80	0.61	0.48
Debt to NOPAT	3.80	3.44	4.20	3.83	13.18	3.40	3.11	1.57	1.28	0.92
Net Debt to NOPAT	2.76	2.40	6.29	1.95	8.89	2.37	-0.03	0.09	-0.06	0.03
Long-Term Debt to NOPAT	3.50	3.02	3.66	3.56	11.82	3.40	2.99	1.57	1.14	0.92
Altman Z-Score	3.01	3.08	5.42	3.15	2.08	3.96	3.99	7.55	7.82	9.82
Noncontrolling Interest Sharing Ratio	-0.09%	-0.09%	-0.10%	-0.09%	-0.05%	-0.15%	0.20%	0.12%	0.07%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.76	0.78	1.53	1.20	1.06	0.92	2.20	1.25	1.05	1.09
Quick Ratio	0.16	0.17	0.34	0.14	0.75	0.59	1.69	0.84	0.67	0.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,023	4,283	3,144	4,919	-429	2,795	7,635	2,543	2,976	1,299
Operating Cash Flow to CapEx	220.28%	270.53%	497.24%	451.39%	107.70%	279.36%	604.02%	279.83%	326.18%	287.57%
Free Cash Flow to Firm to Interest Expense	5.38	7.79	13.02	10.47	-0.98	8.44	44.83	27.49	36.60	9.87
Operating Cash Flow to Interest Expense	10.85	10.92	9.11	12.75	3.66	15.25	70.10	45.97	57.78	28.49
Operating Cash Flow Less CapEx to Interest Expense	5.92	6.89	10.89	9.92	0.26	9.79	58.49	29.54	40.07	18.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.19	1.25	2.17	0.96	0.97	1.22	1.28	1.56	1.60	1.65
Accounts Receivable Turnover	30.17	30.49	30.49	31.88	26.69	33.72	31.62	27.31	28.65	28.39
Inventory Turnover	14.77	13.12	12.63	13.10	11.98	12.98	12.59	11.34	10.86	11.01
Fixed Asset Turnover	4.51	5.16	9.98	4.61	3.71	4.29	4.56	4.74	4.94	5.04
Accounts Payable Turnover	16.86	17.50	36.00	18.71	16.88	16.06	17.74	20.56	20.60	21.67
Days Sales Outstanding (DSO)	12.10	11.97	11.97	11.45	13.68	10.82	11.54	13.36	12.74	12.86
Days Inventory Outstanding (DIO)	24.71	27.82	28.89	27.86	30.46	28.11	28.99	32.18	33.62	33.15
Days Payable Outstanding (DPO)	21.65	20.85	40.55	19.51	21.63	22.73	20.57	17.76	17.72	16.84
Cash Conversion Cycle (CCC)	15.16	18.94	20.59	19.80	22.51	16.21	19.96	27.79	28.64	29.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,844	2,772	2,572	2,133	3,232	1,563	1,076	5,675	5,717	5,891
Invested Capital Turnover	10.94	13.46	13.71	10.83	9.81	20.09	7.32	3.93	3.67	3.64
Increase / (Decrease) in Invested Capital	1,072	200	439	-1,099	1,669	487	-4,599	-42	-175	1,247
Enterprise Value (EV)	120,943	112,093	209,324	131,109	101,036	102,420	67,214	66,758	66,755	71,645
Market Capitalization	109,650	101,326	186,767	123,655	89,999	94,625	67,308	66,533	66,923	71,572
Book Value per Share	($6.57)	($6.98)	($7.59)	($4.51)	($6.68)	($5.21)	$0.87	$3.77	$4.01	$3.92
Tangible Book Value per Share	($9.59)	($9.89)	($10.59)	($7.93)	($10.23)	($8.78)	($2.53)	$2.40	$2.49	$2.51
Total Capital	8,127	7,412	6,345	9,301	8,549	4,936	10,616	9,390	9,476	8,167
Total Debt	15,568	15,400	15,044	14,616	16,348	11,167	9,440	3,933	3,585	2,348
Total Long-Term Debt	14,320	13,548	13,120	13,617	14,660	11,167	9,090	3,933	3,185	2,348
Net Debt	11,285	10,759	11,271	7,448	11,031	7,794	-100	218	-174	72
Capital Expenditures (CapEx)	2,767	2,221	1,769	1,327	1,484	1,807	1,976	1,519	1,440	1,304
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,517	-4,143	-3,392	-4,014	-2,484	-3,272	-1,778	-1,628	-1,652	-1,289
Debt-free Net Working Capital (DFNWC)	-974	-190	-209	2,604	2,148	-515	7,160	1,063	611	323
Net Working Capital (NWC)	-2,223	-2,042	-2,133	1,605	460	-515	6,810	1,063	211	323
Net Nonoperating Expense (NNE)	333	358	299	-380	316	-313	-1,483	-384	-18	-214
Net Nonoperating Obligations (NNO)	11,285	10,759	11,271	7,448	11,031	7,794	-100	218	-174	72
Total Depreciation and Amortization (D&A)	1,592	1,450	1,529	1,524	1,503	1,449	1,306	1,067	1,030	934
Debt-free, Cash-free Net Working Capital to Revenue	-12.49%	-11.52%	-21.04%	-13.81%	-10.56%	-12.34%	-7.19%	-7.27%	-7.75%	-6.72%
Debt-free Net Working Capital to Revenue	-2.69%	-0.53%	-1.30%	8.96%	9.13%	-1.94%	28.96%	4.75%	2.87%	1.69%
Net Working Capital to Revenue	-6.14%	-5.68%	-13.23%	5.52%	1.95%	-1.94%	27.55%	4.75%	0.99%	1.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.32	$3.60	$2.85	$3.57	$0.79	$2.95	$3.27	$1.99	$1.91	$1.84
Adjusted Weighted Average Basic Shares Outstanding	1.13B	1.15B	1.15B	1.18B	1.17B	1.22B	1.38B	1.45B	1.47B	1.50B
Adjusted Diluted Earnings per Share	$3.31	$3.58	$2.83	$3.54	$0.79	$2.92	$3.24	$1.97	$1.90	$1.82
Adjusted Weighted Average Diluted Shares Outstanding	1.14B	1.15B	1.16B	1.19B	1.18B	1.23B	1.39B	1.46B	1.49B	1.51B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.13B	1.14B	1.15B	1.17B	1.17B	1.18B	1.24B	1.42B	1.46B	1.48B
Normalized Net Operating Profit after Tax (NOPAT)	4,095	4,430	3,618	3,954	1,462	3,391	3,211	2,604	2,801	2,546
Normalized NOPAT Margin	11.32%	12.31%	11.22%	13.61%	6.21%	12.79%	12.99%	11.63%	13.14%	13.29%
Pre Tax Income Margin	13.74%	15.02%	26.24%	18.43%	4.95%	16.85%	23.38%	19.29%	19.70%	20.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.62	10.67	9.56	8.53	3.57	14.20	33.82	41.48	51.38	30.33
NOPAT to Interest Expense	7.29	8.15	7.42	8.13	2.84	9.92	17.82	27.04	34.45	19.34
EBIT Less CapEx to Interest Expense	4.70	6.63	5.90	5.71	0.18	8.74	22.21	25.05	33.67	20.42
NOPAT Less CapEx to Interest Expense	2.36	4.11	3.76	5.31	-0.56	4.46	6.22	10.61	16.74	9.44
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	68.71%	58.96%	68.93%	50.45%	208.01%	49.00%	38.59%	50.28%	41.79%	46.73%
Augmented Payout Ratio	102.38%	82.82%	191.15%	50.45%	391.74%	333.38%	196.48%	121.08%	112.58%	98.78%

This table displays calculated financial ratios and metrics derived from Starbucks' official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/30/2025	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	10/2/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.32%	-0.29%	-3.20%	-0.59%	-1.80%	8.16%	11.40%	12.49%	14.20%	8.24%	3.28%
EBITDA Growth	-30.83%	-16.89%	-17.98%	-1.21%	-11.58%	17.18%	33.86%	15.51%	26.42%	2.01%	-16.35%
EBIT Growth	-45.31%	-24.49%	-23.40%	-4.19%	-17.22%	18.54%	42.72%	22.26%	39.90%	6.39%	-19.34%
NOPAT Growth	-46.25%	-22.34%	-23.74%	-7.64%	-14.19%	16.86%	36.91%	24.40%	36.35%	4.36%	-18.03%
Net Income Growth	-50.28%	-23.77%	-25.39%	-7.55%	-14.95%	19.78%	38.78%	24.98%	34.56%	4.79%	-50.21%
EPS Growth	-50.00%	-23.33%	-24.53%	-6.06%	-13.92%	21.62%	37.66%	25.32%	36.21%	7.25%	-47.97%
Operating Cash Flow Growth	-42.29%	-13.08%	-21.05%	-74.00%	112.80%	49.63%	76.87%	407.95%	-2,542.25%	-14.84%	-27.68%
Free Cash Flow Firm Growth	-203.47%	-121.21%	-106.88%	-55.55%	-37.99%	214.96%	114.79%	119.61%	217.23%	-72.92%	-77.23%
Invested Capital Growth	28.96%	45.38%	38.68%	24.19%	12.87%	1.99%	7.76%	7.97%	8.30%	70.48%	20.57%
Revenue Q/Q Growth	-6.77%	3.57%	-0.44%	6.43%	-9.15%	0.55%	2.24%	5.14%	0.07%	3.56%	3.24%
EBITDA Q/Q Growth	-33.31%	-9.04%	-11.25%	28.49%	-19.88%	-10.23%	6.90%	15.00%	13.41%	2.55%	-7.75%
EBIT Q/Q Growth	-46.42%	-14.18%	-13.87%	38.09%	-26.02%	-12.95%	7.73%	19.31%	11.87%	4.81%	-7.71%
NOPAT Q/Q Growth	-46.34%	-13.97%	-12.70%	33.36%	-22.47%	-15.52%	5.74%	23.91%	5.58%	-2.04%	-3.92%
Net Income Q/Q Growth	-50.81%	-14.16%	-13.83%	36.66%	-24.59%	-15.98%	6.78%	25.72%	18.63%	-2.66%	-3.84%
EPS Q/Q Growth	-50.72%	-13.75%	-13.98%	36.76%	-24.44%	-15.09%	7.07%	25.32%	6.76%	-7.79%	-2.53%
Operating Cash Flow Q/Q Growth	-85.91%	34.93%	-8.05%	230.06%	-78.77%	22.57%	-69.73%	262.48%	-348.18%	134.63%	-13.05%
Free Cash Flow Firm Q/Q Growth	-121.19%	-194.42%	-116.69%	-4.80%	-54.66%	-4.47%	7.80%	32.82%	260.53%	-34.85%	10.22%
Invested Capital Q/Q Growth	22.89%	-9.90%	9.36%	6.50%	38.55%	-14.06%	-2.07%	-3.21%	25.19%	-18.38%	-1.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.09%	24.49%	26.25%	27.91%	25.58%	27.51%	29.01%	28.43%	78.51%	25.69%	25.65%
EBITDA Margin	11.83%	16.53%	18.83%	21.12%	17.50%	19.84%	22.22%	21.25%	19.43%	36.62%	18.49%
Operating Margin	6.86%	11.94%	14.40%	16.65%	12.83%	15.76%	18.20%	17.28%	30.45%	28.76%	14.21%
EBIT Margin	6.86%	11.94%	14.40%	16.65%	12.83%	15.76%	18.20%	17.28%	45.67%	28.76%	14.21%
Profit (Net Income) Margin	4.38%	8.31%	10.03%	11.58%	9.02%	10.87%	13.01%	12.45%	20.83%	29.44%	10.44%
Tax Burden Percent	76.50%	76.39%	76.20%	75.18%	77.84%	74.28%	76.54%	77.98%	75.09%	150.70%	79.79%
Interest Burden Percent	83.54%	91.14%	91.34%	92.54%	90.31%	92.84%	93.36%	92.45%	91.12%	271.73%	92.10%
Effective Tax Rate	23.50%	23.61%	23.80%	24.82%	22.16%	25.72%	23.46%	22.02%	49.82%	24.65%	20.21%
Return on Invested Capital (ROIC)	50.48%	112.77%	120.05%	143.92%	117.26%	182.07%	187.61%	173.07%	138.22%	175.57%	155.41%
ROIC Less NNEP Spread (ROIC-NNEP)	49.84%	112.08%	119.26%	143.16%	116.54%	181.59%	186.82%	172.24%	274.89%	349.46%	154.61%
Return on Net Nonoperating Assets (RNNOA)	-73.30%	-152.84%	-170.40%	-198.96%	-159.36%	-346.83%	-246.65%	-227.47%	-182.23%	-432.40%	-206.52%
Return on Equity (ROE)	-22.81%	-40.06%	-50.35%	-55.05%	-42.10%	-164.76%	-59.04%	-54.40%	-44.01%	-81.26%	-51.11%
Cash Return on Invested Capital (CROIC)	66.10%	94.70%	91.39%	117.27%	226.45%	194.81%	160.31%	143.88%	78.97%	148.37%	267.28%
Operating Return on Assets (OROA)	8.18%	14.13%	17.14%	20.64%	16.17%	20.13%	22.81%	21.27%	17.96%	33.16%	15.44%
Return on Assets (ROA)	5.22%	9.84%	11.93%	14.36%	11.37%	13.88%	16.30%	15.33%	24.58%	11.32%	11.34%
Return on Common Equity (ROCE)	-22.83%	-40.10%	-50.40%	-55.10%	-42.14%	-164.90%	-59.09%	-54.45%	-88.09%	-81.34%	-51.16%
Return on Equity Simple (ROE_SIMPLE)	-41.07%	-47.10%	0.00%	-51.25%	-49.21%	-49.84%	0.00%	-45.33%	-83.60%	-38.31%	0.00%
Net Operating Profit after Tax (NOPAT)	460	857	996	1,141	855	1,103	1,306	1,235	997	944	954
NOPAT Margin	5.25%	9.12%	10.98%	12.52%	9.99%	11.71%	13.93%	13.47%	11.43%	10.84%	11.34%
Net Nonoperating Expense Percent (NNEP)	0.64%	0.69%	0.78%	0.75%	0.72%	0.48%	0.79%	0.83%	1.55%	0.84%	1.61%
Return On Investment Capital (ROIC_SIMPLE)	5.78%	10.58%	-	-	-	17.22%	-	-	-	-	-
Cost of Revenue to Revenue	78.91%	75.51%	73.75%	72.09%	74.42%	72.49%	70.99%	71.57%	147.66%	148.62%	74.35%
SG&A Expenses to Revenue	8.80%	8.71%	8.63%	7.90%	9.20%	8.47%	8.33%	8.10%	17.12%	24.45%	7.86%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.23%	12.55%	11.84%	11.26%	12.74%	11.75%	10.81%	11.15%	21.90%	11.31%	11.44%
Earnings before Interest and Taxes (EBIT)	601	1,122	1,307	1,518	1,099	1,485	1,706	1,584	1,328	1,253	1,196
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,036	1,554	1,708	1,925	1,498	1,870	2,083	1,948	1,694	1,596	1,556
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.05	2.89	3.03	2.40	2.79	2.92	2.82	3.15	3.40	3.32	2.83
Price to Earnings (P/E)	35.48	29.74	29.16	21.53	24.55	24.96	24.57	29.12	32.50	32.93	27.80
Dividend Yield	2.41%	2.51%	2.36%	2.89%	2.44%	2.31%	3.00%	2.72%	2.56%	2.66%	2.47%
Earnings Yield	2.82%	3.36%	3.43%	4.64%	4.07%	4.01%	4.07%	3.43%	3.08%	3.04%	3.60%
Enterprise Value to Invested Capital (EV/IC)	28.88	33.36	31.47	28.20	34.49	49.61	40.44	42.87	43.42	51.54	39.85
Enterprise Value to Revenue (EV/Rev)	3.38	3.20	3.34	2.72	3.12	3.22	3.12	3.47	3.73	3.66	3.18
Enterprise Value to EBITDA (EV/EBITDA)	19.75	17.28	17.27	13.44	15.38	15.56	15.31	17.86	19.43	19.48	16.68
Enterprise Value to EBIT (EV/EBIT)	27.03	22.90	22.36	17.06	19.38	19.36	19.09	22.64	12.52	25.65	22.20
Enterprise Value to NOPAT (EV/NOPAT)	35.59	30.02	29.54	22.50	25.30	25.46	25.01	29.38	32.65	33.23	28.61
Enterprise Value to Operating Cash Flow (EV/OCF)	22.06	19.97	19.84	15.24	10.11	17.38	18.66	23.50	34,311.11	29.22	23.31
Enterprise Value to Free Cash Flow (EV/FCFF)	49.21	41.74	40.01	26.64	16.15	25.72	26.17	30.94	171.51	39.94	32.60
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-2.04	-2.08	-2.09	-1.96	-1.85	-1.74	-1.93	-1.85	-3.64	-1.72	-1.73
Long-Term Debt to Equity	-1.75	-1.92	-1.92	-1.96	-1.84	-1.58	-1.70	-1.62	-3.19	-3.04	-3.02
Financial Leverage	-1.47	-1.36	-1.43	-1.39	-1.37	-1.91	-1.32	-1.32	-1.33	-1.24	-2.67
Leverage Ratio	-3.80	-3.80	-3.94	-3.61	-3.42	-3.32	-3.44	-3.35	-6.68	-3.34	-4.24
Compound Leverage Factor	-3.17	-3.46	-3.60	-3.35	-3.09	-3.09	-3.21	-3.09	-3.04	-3.02	-3.90
Debt to Total Capital	195.71%	192.19%	191.57%	203.93%	218.12%	234.38%	207.77%	217.93%	443.30%	715.29%	474.18%
Short-Term Debt to Total Capital	28.25%	15.43%	15.37%	0.30%	0.59%	22.64%	24.99%	26.44%	55.58%	83.83%	60.64%
Long-Term Debt to Total Capital	167.46%	176.76%	176.20%	203.63%	217.53%	211.74%	182.78%	191.49%	387.72%	210.49%	413.54%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.09%	0.09%	0.09%	0.10%	0.10%	0.11%	0.09%	0.10%	0.21%	0.25%	0.12%
Common Equity to Total Capital	-95.80%	-92.28%	-91.66%	-104.04%	-118.22%	-134.49%	-107.86%	-118.03%	-243.51%	-415.67%	-274.43%
Debt to EBITDA	2.50	2.33	2.22	2.11	2.11	1.98	2.10	2.27	4.74	2.42	2.45
Net Debt to EBITDA	1.91	1.63	1.61	1.55	1.59	1.45	1.47	1.64	1.75	1.78	1.83
Long-Term Debt to EBITDA	2.14	2.14	2.05	2.11	2.10	1.79	1.85	1.99	2.07	13.14	2.13
Debt to NOPAT	4.51	4.04	3.80	3.54	3.46	3.23	3.44	3.73	7.97	4.12	8.40
Net Debt to NOPAT	3.44	2.84	2.76	2.60	2.61	2.37	2.40	2.70	2.94	3.04	6.29
Long-Term Debt to NOPAT	3.86	3.72	3.50	3.53	3.46	2.92	3.02	3.28	3.48	3.64	7.32
Altman Z-Score	2.43	2.43	2.58	2.37	2.56	2.62	2.61	2.73	5.52	2.58	2.27
Noncontrolling Interest Sharing Ratio	-0.09%	-0.09%	-0.09%	-0.09%	-0.09%	-0.09%	-0.09%	-0.09%	-0.25%	-0.09%	-0.10%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.64	0.75	0.76	0.89	0.86	0.70	0.78	0.78	1.55	1.50	0.77
Quick Ratio	0.14	0.16	0.16	0.59	0.20	0.16	0.17	0.15	0.17	0.48	0.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-496	-224	-76	456	479	1,057	1,106	1,026	773	336	515
Operating Cash Flow to CapEx	49.56%	299.03%	194.90%	230.58%	76.77%	400.05%	279.05%	1,016.37%	-656.72%	924.85%	232.35%
Free Cash Flow to Firm to Interest Expense	-3.90	-1.76	-0.54	3.23	3.41	7.54	7.73	7.28	11.34	2.59	4.11
Operating Cash Flow to Interest Expense	2.29	16.29	10.97	11.82	3.60	17.02	13.58	45.60	-23.38	12.28	8.77
Operating Cash Flow Less CapEx to Interest Expense	-2.33	10.84	5.34	6.69	-1.09	12.76	8.72	41.11	-30.50	16.60	5.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.19	1.18	1.19	1.24	1.26	1.28	1.25	1.23	1.18	2.31	2.17
Accounts Receivable Turnover	32.09	30.04	30.17	31.91	31.82	31.52	30.49	30.63	31.08	30.00	30.49
Inventory Turnover	14.39	15.83	14.77	13.76	14.11	14.18	13.12	12.49	12.80	13.11	12.63
Fixed Asset Turnover	4.37	4.44	4.51	4.82	4.99	5.13	5.16	5.20	5.12	10.05	4.99
Accounts Payable Turnover	16.04	16.51	16.86	17.11	18.09	18.86	17.50	17.19	18.15	18.52	36.00
Days Sales Outstanding (DSO)	11.37	12.15	12.10	11.44	11.47	11.58	11.97	11.92	11.74	12.17	11.97
Days Inventory Outstanding (DIO)	25.37	23.06	24.71	26.53	25.87	25.73	27.82	29.22	28.52	27.83	57.79
Days Payable Outstanding (DPO)	22.76	22.11	21.65	21.34	20.18	19.35	20.85	21.23	20.11	19.71	40.55
Cash Conversion Cycle (CCC)	13.98	13.10	15.16	16.63	17.16	17.96	18.94	19.91	20.16	40.58	20.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,256	3,463	3,844	3,515	3,300	2,382	2,772	2,830	2,924	2,336	2,572
Invested Capital Turnover	9.62	12.37	10.94	11.50	11.74	15.55	13.46	12.85	12.09	16.20	13.71
Increase / (Decrease) in Invested Capital	956	1,081	1,072	685	376	46	200	209	224	1,217	439
Enterprise Value (EV)	122,890	115,528	120,943	99,111	113,825	118,172	112,093	121,343	126,951	120,369	102,507
Market Capitalization	111,012	104,593	109,650	87,651	102,076	107,174	101,326	110,164	115,520	109,359	91,228
Book Value per Share	($6.71)	($6.59)	($6.57)	($7.01)	($7.46)	($7.58)	($6.98)	($7.28)	($14.80)	($7.56)	($7.59)
Tangible Book Value per Share	($9.79)	($9.64)	($9.59)	($9.92)	($10.41)	($10.59)	($9.89)	($10.23)	($20.97)	($10.64)	($10.59)
Total Capital	7,956	8,097	8,127	7,637	7,147	6,406	7,412	7,073	13,974	12,520	6,345
Total Debt	15,572	15,561	15,568	15,575	15,590	15,015	15,400	15,415	30,973	14,926	15,044
Total Long-Term Debt	13,324	14,312	14,320	15,551	15,548	13,565	13,548	13,544	13,545	26,353	13,120
Net Debt	11,871	10,928	11,285	11,452	11,742	10,991	10,759	11,172	11,423	22,003	11,271
Capital Expenditures (CapEx)	589	693	788	724	659	596	697	632	970	1,034	473
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,479	-5,149	-4,517	-4,210	-4,148	-4,759	-4,143	-3,794	-7,171	-7,745	-3,392
Debt-free Net Working Capital (DFNWC)	-1,468	-1,191	-974	-819	-1,022	-1,376	-190	-174	-268	-1,124	-209
Net Working Capital (NWC)	-3,716	-2,441	-2,223	-842	-1,064	-2,826	-2,042	-2,044	-4,151	-4,623	-2,133
Net Nonoperating Expense (NNE)	76	76	86	85	83	79	87	93	89	178	75
Net Nonoperating Obligations (NNO)	11,871	10,928	11,285	11,452	11,742	10,991	10,759	11,172	11,423	22,003	11,271
Total Depreciation and Amortization (D&A)	435	432	401	407	399	384	377	365	734	685	360
Debt-free, Cash-free Net Working Capital to Revenue	-12.32%	-14.24%	-12.49%	-11.54%	-11.36%	-12.97%	-11.52%	-10.83%	-21.09%	-11.77%	-21.04%
Debt-free Net Working Capital to Revenue	-4.04%	-3.30%	-2.69%	-2.24%	-2.80%	-3.75%	-0.53%	-0.50%	-0.39%	-1.71%	-0.65%
Net Working Capital to Revenue	-10.22%	-6.75%	-6.14%	-2.31%	-2.91%	-7.70%	-5.68%	-5.84%	-12.21%	-7.02%	-13.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.34	$0.69	$0.81	$0.93	$0.68	$0.90	$1.07	$1.00	$0.79	$0.74	$0.76
Adjusted Weighted Average Basic Shares Outstanding	1.14B	1.13B	1.13B	1.13B	1.13B	1.14B	1.15B	1.15B	1.15B	1.15B	1.15B
Adjusted Diluted Earnings per Share	$0.34	$0.69	$0.80	$0.93	$0.68	$0.90	$1.06	$0.99	$0.79	$1.48	$0.77
Adjusted Weighted Average Diluted Shares Outstanding	1.14B	1.14B	1.14B	1.14B	1.14B	1.14B	1.15B	1.15B	1.15B	1.15B	1.16B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.14B	1.14B	1.13B	1.13B	1.13B	1.13B	1.14B	1.15B	1.15B	1.15B	1.15B
Normalized Net Operating Profit after Tax (NOPAT)	549	857	996	1,141	855	1,103	1,306	1,241	935	949	982
Normalized NOPAT Margin	6.26%	9.12%	10.98%	12.52%	9.99%	11.71%	13.93%	13.53%	21.44%	21.77%	11.67%
Pre Tax Income Margin	5.73%	10.88%	13.16%	15.41%	11.59%	14.63%	16.99%	15.97%	41.62%	39.08%	13.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.72	8.82	9.34	10.74	7.82	10.60	11.92	11.24	19.48	9.66	9.53
NOPAT to Interest Expense	3.61	6.74	7.11	8.07	6.08	7.88	9.12	8.77	21.94	14.56	7.61
EBIT Less CapEx to Interest Expense	0.09	3.37	3.71	5.61	3.13	6.35	7.05	6.76	12.36	5.68	5.76
NOPAT Less CapEx to Interest Expense	-1.02	1.29	1.49	2.95	1.40	3.62	4.25	4.28	11.26	6.59	3.83
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	85.50%	74.71%	68.71%	62.53%	60.31%	57.56%	58.96%	63.08%	65.85%	69.09%	137.86%
Augmented Payout Ratio	85.50%	74.71%	102.38%	100.64%	102.92%	105.53%	82.82%	81.56%	79.77%	179.33%	382.31%

Frequently Asked Questions About Starbucks' Financials

When does Starbucks's fiscal year end?

According to the most recent income statement we have on file, Starbucks' financial year ends in September. Their financial year 2024 ended on September 29, 2024.

How has Starbucks' net income changed over the last 9 years?

Starbucks' net income appears to be on an upward trend, with a most recent value of $3.76 billion in 2024, rising from $2.76 billion in 2015. The previous period was $4.12 billion in 2023. See Starbucks' forecast for analyst expectations on what’s next for the company.

What is Starbucks's operating income?

Starbucks's total operating income in 2024 was $5.41 billion, based on the following breakdown:

Total Gross Profit: $9.71 billion
Total Operating Expenses: $4.30 billion

How has Starbucks revenue changed over the last 9 years?

Over the last 9 years, Starbucks' total revenue changed from $19.16 billion in 2015 to $36.18 billion in 2024, a change of 88.8%.

How much debt does Starbucks have?

Starbucks' total liabilities were at $38.78 billion at the end of 2024, a 3.6% increase from 2023, and a 487.9% increase since 2015.

How has Starbucks' book value per share changed over the last 9 years?

Over the last 9 years, Starbucks' book value per share changed from 3.92 in 2015 to -6.57 in 2024, a change of -267.7%.

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This page (NASDAQ:SBUX) was last updated on 5/21/2025 by MarketBeat.com Staff

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Starbucks (SBUX) Financials

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