Starbucks Corporation (SBUX) Stock Analysis
Consumer Cyclical · Restaurants · NasdaqGS
Starbucks Corporation (SBUX) posted $37.18B in revenue for fiscal 2025 (up 2.8% year over year), at a 5.0% net margin, and has compounded revenue about 9.6%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Starbucks Corporation
Starbucks Corporation has grown revenue from $21.32B to $37.18B over the last 10 fiscal years, compounding about 9.6% a year. The most recent year was up 2.8%, so growth has cooled from its longer-run pace.
Net margin sits at 5%, down 5.4 points year over year. It carries about $16.07B of total debt.
At today's valuation the market is pricing in roughly 20% annual free-cash-flow growth — versus the 84.5% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is inventory building faster than sales.
Synthesised from Starbucks Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
Starbucks Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.32B | $22.39B | $24.72B | $26.51B | $23.52B | $29.06B | $32.25B | $35.98B | $36.18B | $37.18B |
| Gross profit | $12.81B | $15.32B | $16.79B | $17.98B | — | — | — | — | — | — |
| Net income | $2.82B | $2.88B | $4.52B | $3.60B | $928.30M | $4.20B | $3.28B | $4.12B | $3.76B | $1.86B |
| Net margin | 13.2% | 12.9% | 18.3% | 13.6% | 3.9% | 14.5% | 10.2% | 11.5% | 10.4% | 5.0% |
Source: Starbucks Corporation SEC filings (10-K). 19 years of history available in the interactive view.
Starbucks Corporation: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Inventory building faster than salesInventory rose 23.0% versus revenue 2.8% — possible overproduction or softening demand.
- Net margin shrinkingNet margin fell from 10.2% to 5.0% over ~3 years — profitability is compressing.
What growth is priced into SBUX stock?
At today's market cap of $119.98B, Starbucks Corporation is priced for free-cash-flow growth of about 20% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.44B from the FY ending 2025-09-30). For comparison, free cash flow actually grew 84.5%/yr over the last five fiscal years and revenue 9.6%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Starbucks Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Starbucks Corporation financial history by metric
Compare Starbucks Corporation with peers
About Starbucks Corporation
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee internationally. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee, tea, and other beverages, roasted whole beans and ground coffees, complementary food, packaged coffees, single-serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks Coffee, Teavana, Seattle's Best Coffee, Ethos, and Starbucks Reserve brands. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.
Starbucks Corporation — frequently asked questions
What is Starbucks Corporation's revenue?
Starbucks Corporation (SBUX) reported revenue of $37.18B for fiscal year 2025, up 2.8% from the prior year, according to its SEC filings.
Is Starbucks Corporation profitable?
Yes. SBUX earned net income of $1.86B in fiscal 2025, a net margin of 5.0%.
What is SBUX's P/E ratio?
Starbucks Corporation trades at a price-to-earnings ratio of about 60.8 based on the latest data in our nightly-refreshed cache.
How fast is Starbucks Corporation growing?
SBUX's revenue grew at roughly 9.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Starbucks Corporation have?
As of fiscal year 2025, SBUX carried roughly $16.07B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Starbucks Corporation's market cap?
Starbucks Corporation (SBUX) has a market capitalization of about $119.98B, based on the latest data in our nightly-refreshed cache.
When does Starbucks Corporation's fiscal year end?
SBUX's fiscal year ends in September. Its most recent annual filing covers the fiscal year ending 2025-09-30.
What growth is priced into SBUX stock?
At today's market cap of $119.98B, Starbucks Corporation is priced for free-cash-flow growth of about 20% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.44B from the FY ending 2025-09-30). For comparison, free cash flow actually grew 84.5%/yr over the last five fiscal years and revenue 9.6%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Starbucks Corporation's official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.