Starbucks (SBUX) Financials

$80.05 -4.80 (-5.66%)

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

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

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

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

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

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

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

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

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

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

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

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.

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 4/30/2025 by MarketBeat.com Staff

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Starbucks (SBUX) Financials

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