Starbucks

Consumer Discretionary Restaurants Seattle, Washington Last filing Nov 14, 2025 · FY2025

                    Revenue
                    FY2025
                
$37.2B
                    3y CAGR +4.9%
                    
                    P47
                    
                    +2.8%
                    
                    Net income
                    FY2025
                
$1.9B
                    Net margin +5.0%
                    
                    P33
                    
                    -50.6%
                    
                    Total assets
                    FY2025
                
$32.0B
                    ROA +5.8%
                    
                    P39
                    
                    +2.2%
                    
                    Operating cash flow
                    FY2025
                
$4.7B
                    FCF margin +6.6%
                    
                    P25
                    
                    -22.1%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

31 accounts · 10 years

Total assets $32.0B

Total liabilities $40.1B

Shareholders equity $-8.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	10.1%	10.5%	12.1%	10.1%	20.6%	14.8%	14.0%	36.2%	17.1%	14.9%
Short Term Investments	0.8%	0.8%	1.4%	1.3%	0.5%	1.0%	0.4%	0.8%	1.6%	0.9%
Accounts Receivable	4.0%	3.9%	4.0%	4.2%	3.0%	3.0%	4.6%	2.9%	6.1%	5.4%
Inventory	6.8%	5.7%	6.1%	7.8%	5.1%	5.3%	8.0%	5.8%	9.5%	9.6%
Prepaid Expenses	1.4%	1.0%	1.2%	1.7%	1.9%	2.5%	2.5%	6.1%	2.5%	2.4%
Total Current Assets	23.1%	21.8%	24.8%	25.1%	31.1%	26.6%	29.4%	51.7%	36.8%	33.2%
Property,Plant and Equipment	26.5%	27.7%	25.1%	23.4%	20.3%	21.2%	33.5%	24.5%	34.2%	31.6%
Operating Lease Assets	29.1%	29.6%	28.6%	28.6%	26.2%	27.7%	0.0%	—	—	—
Goodwill	10.5%	10.6%	10.9%	11.7%	11.7%	12.2%	18.2%	14.7%	10.7%	12.0%
Intangible Assets	0.5%	0.3%	0.4%	0.6%	1.1%	1.9%	4.1%	4.3%	3.1%	3.6%
Deferred Tax Assets	5.7%	5.6%	6.0%	6.4%	6.0%	6.1%	9.2%	0.6%	5.5%	6.2%
Other Noncurrent Assets	4.6%	4.3%	4.2%	4.1%	3.6%	3.6%	4.6%	3.1%	2.5%	2.9%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	5.8%	5.1%	5.2%	5.2%	3.9%	3.4%	6.2%	4.9%	5.4%	5.1%
Accrued Liabilities	10.8%	9.5%	10.1%	10.4%	9.9%	6.7%	19.3%	10.4%	15.0%	15.7%
Deferred Revenue	5.7%	5.7%	5.8%	5.9%	5.1%	5.0%	6.6%	6.8%	9.0%	8.2%
Current Portion of Long Term Debt	4.7%	4.0%	6.3%	6.9%	3.2%	5.7%	0.0%	1.4%	0.0%	2.8%
Operating Lease Liabilities	4.9%	4.7%	4.3%	4.5%	4.0%	4.3%	0.0%	—	—	—
Total Current Liabilities	31.9%	28.9%	31.7%	32.7%	26.0%	25.0%	32.1%	23.5%	29.4%	31.7%
Long Term Debt	45.5%	45.7%	46.0%	46.9%	43.4%	49.9%	58.1%	37.6%	27.4%	22.3%
Deferred Revenue Noncurrent	18.0%	19.0%	20.7%	22.4%	20.6%	22.5%	35.1%	28.0%	0.0%	—
Operating Lease Liabilities Noncurrent	28.0%	28.0%	26.9%	26.9%	24.6%	26.1%	0.0%	—	—	—
Other Noncurrent Liabilities	1.8%	2.1%	1.7%	2.2%	2.4%	3.1%	7.1%	5.9%	5.2%	4.8%
Total Liabilities	125.3%	123.7%	127.1%	131.1%	116.9%	126.6%	132.4%	95.1%	62.0%	58.9%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	2.0%	1.0%	0.1%	0.7%	2.7%	1.3%	0.2%	0.2%	0.3%	0.3%
Retained Earnings	-25.8%	-23.4%	-24.6%	-30.2%	-20.1%	-26.6%	-30.0%	6.0%	38.7%	41.5%
Accumulated Other Comprehensive Income	-1.4%	-1.4%	-2.6%	-1.7%	0.5%	-1.2%	-2.6%	-1.4%	-1.1%	-0.8%
Total Stockholders Equity	-25.3%	-23.8%	-27.2%	-31.1%	-17.0%	-26.6%	-32.4%	4.8%	37.9%	41.1%
Noncontrolling Interest	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

15 accounts · 10 years

Revenue $37.2B

Operating income $2.9B

Net income $1.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	116.1%	115.4%	122.2%	115.3%	92.6%	80.1%	137.9%	102.3%	155.8%	148.8%
Expenses Selling,General and Administrative	8.2%	8.1%	8.3%	7.3%	6.2%	5.7%	9.5%	7.1%	9.8%	9.8%
Expenses Depreciation and Amortization	5.3%	4.8%	4.6%	5.2%	4.6%	4.9%	7.2%	5.2%	7.0%	6.8%
Expenses Restructuring and Asset Impairment	2.8%	0.0%	0.1%	0.2%	0.5%	0.9%	0.7%	0.9%	1.1%	0.0%
Expenses Other Operating Expenses	90.7%	85.3%	89.2%	86.2%	65.8%	63.2%	99.3%	73.1%	60.0%	43.6%
Other Income Expense Operating Income	9.2%	17.3%	19.9%	16.5%	15.5%	5.3%	21.2%	16.1%	28.8%	29.1%
Other Income Expense Interest Income	0.4%	0.4%	0.3%	0.3%	0.3%	0.1%	0.5%	0.8%	1.3%	0.7%
Other Income Expense Interest Expense	1.7%	1.8%	1.9%	1.7%	1.5%	1.5%	1.7%	0.7%	0.6%	0.6%
Other Income Expense Income Before Tax	7.8%	15.9%	18.3%	15.1%	17.1%	4.0%	23.2%	23.9%	30.1%	29.3%
Income Tax Income Tax Expense	2.0%	3.9%	4.3%	3.4%	3.7%	0.8%	4.5%	5.2%	10.0%	9.6%
net Income Other Items Below Tax	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%	0.0%	0.0%	0.0%	-0.0%	-0.0%
net Income net Income	5.8%	12.0%	14.0%	11.7%	13.4%	3.2%	18.7%	18.7%	20.1%	19.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	3.6%	3.6%	3.9%	4.1%	3.8%	4.0%	6.4%	5.8%	10.2%	10.4%

Cash Flow Statement

Operating, investing, and financing flows

23 accounts · 10 years

Operating cash flow $4.7B

Investing cash flow $-2.5B

Financing cash flow $-2.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	5.8%	12.0%	14.0%	11.7%	13.4%	3.1%	18.7%	18.7%	20.1%	19.7%
Operating Activities Depreciation and Amortization	10.3%	9.3%	9.6%	10.8%	8.8%	9.2%	7.5%	5.4%	7.4%	7.2%
Operating Activities Stock Based Compensation	1.0%	1.0%	1.0%	1.0%	1.0%	0.8%	1.6%	1.0%	1.2%	1.5%
Operating Activities Deferred Income Taxes	-0.3%	-0.0%	-0.2%	-0.1%	-0.5%	-0.1%	-7.8%	3.0%	0.7%	1.9%
Operating Activities Changes In Operating Assets and Liabilities	-4.7%	-3.3%	-3.8%	-7.6%	-1.6%	-9.1%	8.6%	28.6%	0.6%	2.5%
Operating Activities Other Non Cash Items	2.7%	0.6%	-0.1%	-0.0%	-2.1%	1.4%	3.6%	8.1%	-0.1%	-0.5%
Operating Activities net Cash From Operating Activities	14.8%	19.5%	20.4%	15.7%	19.1%	5.4%	26.3%	49.4%	29.6%	32.8%
Investing Activities Capital Expenditures	-7.2%	-8.9%	-7.9%	-6.6%	-4.7%	-5.1%	-9.4%	-8.2%	-10.6%	-10.1%
Investing Activities Business Acquisitions	-0.6%	0.0%	0.0%	—	—	—	—	-5.4%	0.0%	0.0%
Investing Activities Purchases of Investments	-1.0%	-2.0%	-2.1%	-1.4%	-1.4%	-1.5%	-1.0%	-0.8%	-4.7%	-11.1%
Investing Activities Proceeds From Sale of Investments	1.2%	2.5%	2.1%	0.2%	1.1%	0.9%	1.9%	2.1%	15.3%	9.7%
Investing Activities Other Investing Activities	-0.2%	-0.2%	0.2%	0.0%	3.9%	-0.2%	3.3%	2.5%	1.0%	0.7%
Investing Activities net Cash From Investing Activities	-7.8%	-8.6%	-7.7%	-7.7%	-1.0%	-5.8%	-5.3%	-9.8%	-5.9%	-15.5%
Financing Activities Proceeds From Debt	5.5%	6.8%	5.5%	5.5%	0.7%	20.9%	10.4%	23.1%	5.2%	8.8%
Financing Activities Repayment of Debt	-3.9%	-6.3%	-4.3%	-3.1%	-6.0%	-3.3%	-1.8%	0.0%	-2.8%	0.0%
Financing Activities Repurchase of Common Stock	0.0%	-4.0%	-3.3%	-14.3%	0.0%	-5.8%	-53.2%	-29.5%	-14.2%	-13.9%
Financing Activities Dividends Paid	-8.7%	-8.2%	-8.3%	-8.1%	-6.7%	-6.5%	-9.2%	-7.2%	-10.1%	-8.2%
Financing Activities Proceeds From Stock Issuance	0.2%	0.3%	0.6%	0.4%	0.8%	1.0%	2.1%	0.6%	1.0%	1.1%
Financing Activities Tax Withholding On Stock Based Compensation	-0.3%	-0.3%	-0.3%	-0.5%	-0.3%	-0.3%	-0.6%	-0.3%	-0.6%	-0.7%
Financing Activities Other Financing Activities	-0.0%	-0.0%	-0.0%	-0.0%	0.0%	-0.1%	-0.1%	-0.2%	-0.0%	-0.1%
Financing Activities net Cash From Financing Activities	-7.2%	-11.9%	-10.2%	-20.2%	-11.6%	5.8%	-52.3%	-13.4%	-21.4%	-13.1%
Cash Reconciliation Effect of Exchange Rate On Cash	-0.1%	0.2%	-0.0%	-0.9%	0.3%	0.2%	-0.3%	-0.2%	0.1%	-0.0%
Cash Reconciliation net Change In Cash	-0.2%	-0.8%	2.5%	-13.0%	6.7%	5.7%	-31.6%	26.1%	2.3%	4.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	+68.4%	+60.1%
Operating margin	+7.9%	+15.0%	+16.3%	+14.3%	+16.8%	+6.6%	+15.4%	+15.7%	+18.5%	+19.6%
Net margin	+5.0%	+10.4%	+11.5%	+10.2%	+14.5%	+3.9%	+13.6%	+18.3%	+12.9%	+13.2%
FCF margin	+6.6%	+9.2%	+10.2%	+7.9%	+15.6%	+0.5%	+12.2%	+40.3%	+12.2%	+15.3%
Growth
Revenue CAGR (3y)	+4.9%	+7.6%	+15.2%	+6.8%	+5.5%	+1.7%	+7.5%	+8.9%	+10.8%	+12.8%
Returns
ROE	-22.9%	-50.5%	-51.6%	-37.7%	-78.9%	-11.9%	-57.8%	+386.3%	+52.9%	+47.9%
ROA	+5.8%	+12.0%	+14.0%	+11.7%	+13.4%	+3.2%	+18.7%	+18.7%	+20.1%	+19.7%
ROIC	+45.7%	+84.7%	+116.3%	+101.8%	+134.6%	+29.6%	+146.0%	+163.8%	+39.9%	+38.1%
Liquidity
Current ratio	0.72x	0.75x	0.78x	0.77x	1.20x	1.06x	0.92x	2.20x	1.25x	1.05x
Quick ratio	0.44x	0.50x	0.51x	0.44x	0.91x	0.71x	0.58x	1.66x	0.79x	0.64x
Leverage
D/E	-4.95x	-5.21x	-4.68x	-4.21x	-6.90x	-4.76x	-4.08x	19.65x	1.63x	1.43x
Interest coverage	5.41x	9.62x	10.67x	9.56x	10.37x	3.57x	12.32x	22.80x	44.70x	51.31x
Efficiency
Asset turnover	1.16x	1.15x	1.22x	1.15x	0.93x	0.80x	1.38x	1.02x	1.56x	1.49x
Cash conversion cycle	—	—	—	—	—	—	—	—	+44d	+41d

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