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

Balance Sheet

Assets, liabilities, and equity

31 accounts · 5 years

Total assets $32.0B

Total liabilities $40.1B

Shareholders equity $-8.1B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$3.2B -2.0%	$3.3B -7.5%	$3.6B 26.0%	$2.8B -56.3%	$6.5B
Short Term Investments	$247.2M -3.8%	$257.0M -36.0%	$401.5M 10.2%	$364.5M 124.7%	$162.2M
Accounts Receivable	$1.3B 5.2%	$1.2B 2.5%	$1.2B 0.7%	$1.2B 25.1%	$940.0M
Inventory	$2.2B 23.0%	$1.8B -1.6%	$1.8B -17.0%	$2.2B 35.7%	$1.6B
Prepaid Expenses	$452.2M 44.4%	$313.1M -13.0%	$359.9M -25.6%	$483.7M -18.7%	$594.6M
Total Current Assets	$7.4B 7.8%	$6.8B -6.2%	$7.3B 4.1%	$7.0B -28.1%	$9.8B
Property,Plant and Equipment	$8.5B -2.0%	$8.7B 17.3%	$7.4B 12.6%	$6.6B 3.0%	$6.4B
Operating Lease Assets	$9.3B 0.3%	$9.3B 10.4%	$8.4B 5.0%	$8.0B -2.7%	$8.2B
Goodwill	$3.4B 1.6%	$3.3B 3.0%	$3.2B -2.0%	$3.3B -10.7%	$3.7B
Intangible Assets	$166.8M 65.3%	$100.9M -16.3%	$120.5M -22.7%	$155.9M -55.4%	$349.9M
Deferred Tax Assets	$1.8B 3.4%	$1.8B -0.2%	$1.8B -1.7%	$1.8B -4.0%	$1.9B
Other Noncurrent Assets	$1.5B 8.0%	$1.4B 10.0%	$1.2B 7.8%	$1.1B 1.4%	$1.1B
Total Assets	$32.0B 2.2%	$31.3B 6.4%	$29.4B 5.2%	$28.0B -10.9%	$31.4B
Liabilities
Accounts Payable	$1.9B 16.1%	$1.6B 3.3%	$1.5B 7.1%	$1.4B 19.0%	$1.2B
Accrued Liabilities	$3.5B 15.8%	$3.0B 0.3%	$3.0B 2.6%	$2.9B -6.3%	$3.1B
Deferred Revenue	$1.8B 3.3%	$1.8B 4.8%	$1.7B 3.6%	$1.6B 2.9%	$1.6B
Current Portion of Long Term Debt	$1.5B 20.0%	$1.2B -32.6%	$1.9B -3.7%	$1.9B 92.6%	$998.9M
Operating Lease Liabilities	$1.6B 6.9%	$1.5B 14.7%	$1.3B 2.4%	$1.2B -0.4%	$1.3B
Total Current Liabilities	$10.2B 12.6%	$9.1B -2.9%	$9.3B 2.1%	$9.2B 12.3%	$8.2B
Long Term Debt	$14.6B 1.8%	$14.3B 5.7%	$13.5B 3.3%	$13.1B -3.6%	$13.6B
Deferred Revenue Noncurrent	$5.8B -3.2%	$6.0B -2.3%	$6.1B -2.8%	$6.3B -2.8%	$6.5B
Operating Lease Liabilities Noncurrent	$9.0B 2.3%	$8.8B 10.7%	$7.9B 5.5%	$7.5B -2.9%	$7.7B
Other Noncurrent Liabilities	$577.8M -11.9%	$656.2M 27.7%	$513.8M -15.8%	$610.5M -17.3%	$737.8M
Total Liabilities	$40.1B 3.4%	$38.8B 3.6%	$37.4B 2.1%	$36.7B -0.1%	$36.7B
Equity
Common Stock	$1.1M 0.0%	$1.1M 0.0%	$1.1M 0.0%	$1.1M -8.3%	$1.2M
Additional Paid In Capital	$634.1M 96.6%	$322.6M 746.7%	$38.1M -81.4%	$205.3M -75.7%	$846.1M
Retained Earnings	$-8.3B -12.6%	$-7.3B -1.2%	$-7.3B 14.1%	$-8.4B -33.8%	$-6.3B
Accumulated Other Comprehensive Income	$-459.3M -7.1%	$-428.8M 44.9%	$-778.2M -68.0%	$-463.2M -414.7%	$147.2M
Total Stockholders Equity	$-8.1B -8.7%	$-7.4B 6.8%	$-8.0B 8.2%	$-8.7B -63.6%	$-5.3B
Noncontrolling Interest	$7.4M 1.4%	$7.3M 4.3%	$7.0M -11.4%	$7.9M 17.9%	$6.7M
Total Liabilitiesand Equity	$32.0B 2.2%	$31.3B 6.4%	$29.4B 5.2%	$28.0B -10.9%	$31.4B

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $37.2B

Operating income $2.9B

Net income $1.9B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$37.2B 2.8%	$36.2B 0.6%	$36.0B 11.6%	$32.3B 11.0%	$29.1B
Expenses Selling,General and Administrative	$2.6B 3.7%	$2.5B 3.4%	$2.4B 20.1%	$2.0B 5.1%	$1.9B
Expenses Depreciation and Amortization	$1.7B 11.4%	$1.5B 11.0%	$1.4B -5.9%	$1.4B 0.4%	$1.4B
Expenses Restructuring and Asset Impairment	$892.0M	$0 -100.0%	$21.8M -52.6%	$46.0M -73.0%	$170.4M
Expenses Other Operating Expenses	$29.1B 8.7%	$26.7B 1.7%	$26.3B 9.0%	$24.1B 16.8%	$20.6B
Other Income Expense Operating Income	$2.9B -45.7%	$5.4B -7.9%	$5.9B 27.1%	$4.6B -5.2%	$4.9B
Other Income Expense Interest Income	$113.3M -7.7%	$122.8M 51.2%	$81.2M -16.3%	$97.0M 7.7%	$90.1M
Other Income Expense Interest Expense	$542.6M -3.5%	$562.0M 2.2%	$550.1M 13.9%	$482.9M 2.8%	$469.8M
Other Income Expense Income Before Tax	$2.5B -49.5%	$5.0B -8.0%	$5.4B 27.6%	$4.2B -21.0%	$5.4B
Income Tax Income Tax Expense	$650.6M -46.1%	$1.2B -5.5%	$1.3B 34.7%	$948.5M -18.0%	$1.2B
net Income Other Items Below Tax	$-300.0K 78.6%	$-1.4M -600.0%	$-200.0K 88.9%	$-1.8M -80.0%	$-1.0M
net Income net Income	$1.9B -50.6%	$3.8B -8.8%	$4.1B 25.7%	$3.3B -21.9%	$4.2B
Earnings Per Share Basic Eps	$2 -50.9%	$3 -7.8%	$4 26.3%	$3 -20.2%	$4
Earnings Per Share Diluted Eps	$2 -50.8%	$3 -7.5%	$4 26.5%	$3 -20.1%	$4
Earnings Per Share Weighted Average Shares Diluted	$1.1B 0.2%	$1.1B -1.2%	$1.2B -0.6%	$1.2B -2.3%	$1.2B

Cash Flow Statement

Operating, investing, and financing flows

23 accounts · 5 years

Operating cash flow $4.7B

Investing cash flow $-2.5B

Financing cash flow $-2.3B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$1.9B -50.6%	$3.8B -8.8%	$4.1B 25.6%	$3.3B -21.8%	$4.2B
Operating Activities Depreciation and Amortization	$3.3B 13.0%	$2.9B 3.2%	$2.8B -7.0%	$3.0B 9.2%	$2.8B
Operating Activities Stock Based Compensation	$318.3M 3.2%	$308.3M 1.9%	$302.7M 11.5%	$271.5M -14.9%	$319.1M
Operating Activities Deferred Income Taxes	$-90.6M -556.5%	$-13.8M 76.8%	$-59.4M -57.1%	$-37.8M 74.1%	$-146.2M
Operating Activities Changes In Operating Assets and Liabilities	$-1.5B -42.5%	$-1.0B 7.5%	$-1.1B 46.9%	$-2.1B -325.6%	$-501.2M
Operating Activities Other Non Cash Items	$872.2M 383.7%	$180.3M 528.3%	$-42.1M -202.9%	$-13.9M 97.9%	$-655.6M
Operating Activities net Cash From Operating Activities	$4.7B -22.1%	$6.1B 1.4%	$6.0B 36.6%	$4.4B -26.6%	$6.0B
Investing Activities Capital Expenditures	$-2.3B 17.0%	$-2.8B -19.0%	$-2.3B -26.7%	$-1.8B -25.3%	$-1.5B
Investing Activities Business Acquisitions	$-177.1M	$0	$0	—	—
Investing Activities Purchases of Investments	$-333.6M 46.8%	$-627.5M -2.8%	$-610.5M -61.6%	$-377.9M 12.5%	$-432.0M
Investing Activities Proceeds From Sale of Investments	$391.8M -49.0%	$768.2M 24.5%	$616.9M 816.6%	$67.3M -80.5%	$345.5M
Investing Activities Other Investing Activities	$-61.0M 2.2%	$-62.4M -210.6%	$56.4M 907.1%	$5.6M -99.5%	$1.2B
Investing Activities net Cash From Investing Activities	$-2.5B 7.9%	$-2.7B -18.9%	$-2.3B -5.8%	$-2.1B -571.8%	$-319.5M
Financing Activities Proceeds From Debt	$1.8B -17.4%	$2.1B 31.4%	$1.6B 5.1%	$1.5B 613.5%	$215.1M
Financing Activities Repayment of Debt	$-1.3B 36.6%	$-2.0B -58.1%	$-1.3B -45.5%	$-861.6M 54.6%	$-1.9B
Financing Activities Repurchase of Common Stock	$0 100.0%	$-1.3B -28.7%	$-984.4M 75.5%	$-4.0B	$0
Financing Activities Dividends Paid	$-2.8B -7.2%	$-2.6B -6.3%	$-2.4B -7.4%	$-2.3B -6.8%	$-2.1B
Financing Activities Proceeds From Stock Issuance	$77.0M -28.7%	$108.0M -35.5%	$167.4M 64.8%	$101.6M -58.7%	$246.2M
Financing Activities Tax Withholding On Stock Based Compensation	$-87.4M 12.9%	$-100.4M -12.4%	$-89.3M 29.8%	$-127.2M -31.1%	$-97.0M
Financing Activities Other Financing Activities	$-9.3M 12.3%	$-10.6M 4.5%	$-11.1M -20.7%	$-9.2M	$0
Financing Activities net Cash From Financing Activities	$-2.3B 38.2%	$-3.7B -24.3%	$-3.0B 47.0%	$-5.6B -54.4%	$-3.7B
Cash Reconciliation Effect of Exchange Rate On Cash	$-30.5M -154.0%	$56.5M 497.9%	$-14.2M 94.3%	$-250.3M -390.4%	$86.2M
Cash Reconciliation net Change In Cash	$-66.4M 75.0%	$-265.3M -136.2%	$733.1M 120.2%	$-3.6B -272.8%	$2.1B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+7.9%	+15.0%	+16.3%	+14.3%	+16.8%
Net margin	+5.0%	+10.4%	+11.5%	+10.2%	+14.5%
FCF margin	+6.6%	+9.2%	+10.2%	+7.9%	+15.6%
Growth
Revenue CAGR (3y)	+4.9%	+7.6%	+15.2%	+6.8%	+5.5%
Returns
ROE	-22.9%	-50.5%	-51.6%	-37.7%	-78.9%
ROA	+5.8%	+12.0%	+14.0%	+11.7%	+13.4%
ROIC	+45.7%	+84.7%	+116.3%	+101.8%	+134.6%
Liquidity
Current ratio	0.72x	0.75x	0.78x	0.77x	1.20x
Quick ratio	0.44x	0.50x	0.51x	0.44x	0.91x
Leverage
D/E	-4.95x	-5.21x	-4.68x	-4.21x	-6.90x
Interest coverage	5.41x	9.62x	10.67x	9.56x	10.37x
Efficiency
Asset turnover	1.16x	1.15x	1.22x	1.15x	0.93x
Cash conversion cycle	—	—	—	—	—

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Starbucks

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