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 revenue.

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	8.7%	9.1%	9.9%	8.7%	22.2%
Short Term Investments	0.7%	0.7%	1.1%	1.1%	0.6%
Accounts Receivable	3.4%	3.4%	3.3%	3.6%	3.2%
Inventory	5.9%	4.9%	5.0%	6.7%	5.5%
Prepaid Expenses	1.2%	0.9%	1.0%	1.5%	2.0%
Total Current Assets	19.9%	18.9%	20.3%	21.8%	33.6%
Property,Plant and Equipment	22.8%	24.0%	20.5%	20.3%	21.9%
Operating Lease Assets	25.1%	25.7%	23.4%	24.9%	28.3%
Goodwill	9.1%	9.2%	8.9%	10.2%	12.7%
Intangible Assets	0.4%	0.3%	0.3%	0.5%	1.2%
Deferred Tax Assets	4.9%	4.9%	4.9%	5.6%	6.5%
Other Noncurrent Assets	3.9%	3.8%	3.4%	3.5%	3.9%
Total Assets	86.1%	86.6%	81.8%	86.8%	108.0%
Liabilities
Accounts Payable	5.0%	4.4%	4.3%	4.5%	4.2%
Accrued Liabilities	9.3%	8.2%	8.3%	9.0%	10.6%
Deferred Revenue	4.9%	4.9%	4.7%	5.1%	5.5%
Current Portion of Long Term Debt	4.0%	3.5%	5.1%	6.0%	3.4%
Operating Lease Liabilities	4.2%	4.0%	3.5%	3.9%	4.3%
Total Current Liabilities	27.5%	25.1%	26.0%	28.4%	28.0%
Long Term Debt	39.2%	39.6%	37.7%	40.7%	46.9%
Deferred Revenue Noncurrent	15.5%	16.5%	17.0%	19.5%	22.2%
Operating Lease Liabilities Noncurrent	24.1%	24.2%	22.0%	23.3%	26.6%
Other Noncurrent Liabilities	1.6%	1.8%	1.4%	1.9%	2.5%
Total Liabilities	107.9%	107.2%	104.1%	113.7%	126.3%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	1.7%	0.9%	0.1%	0.6%	2.9%
Retained Earnings	-22.2%	-20.3%	-20.2%	-26.2%	-21.7%
Accumulated Other Comprehensive Income	-1.2%	-1.2%	-2.2%	-1.4%	0.5%
Total Stockholders Equity	-21.8%	-20.6%	-22.2%	-27.0%	-18.3%
Noncontrolling Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Total Liabilitiesand Equity	86.1%	86.6%	81.8%	86.8%	108.0%

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	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	7.0%	7.0%	6.8%	6.3%	6.7%
Expenses Depreciation and Amortization	4.5%	4.2%	3.8%	4.5%	5.0%
Expenses Restructuring and Asset Impairment	2.4%	0.0%	0.1%	0.1%	0.6%
Expenses Other Operating Expenses	78.1%	73.9%	73.0%	74.7%	71.0%
Other Income Expense Operating Income	7.9%	15.0%	16.3%	14.3%	16.8%
Other Income Expense Interest Income	0.3%	0.3%	0.2%	0.3%	0.3%
Other Income Expense Interest Expense	1.5%	1.6%	1.5%	1.5%	1.6%
Other Income Expense Income Before Tax	6.7%	13.7%	15.0%	13.1%	18.4%
Income Tax Income Tax Expense	1.7%	3.3%	3.6%	2.9%	4.0%
net Income Other Items Below Tax	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%
net Income net Income	5.0%	10.4%	11.5%	10.2%	14.5%
Earnings Per Share Basic Eps	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%
Earnings Per Share Weighted Average Shares Diluted	3.1%	3.1%	3.2%	3.6%	4.1%

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	5.0%	10.4%	11.5%	10.2%	14.5%
Operating Activities Depreciation and Amortization	8.8%	8.0%	7.8%	9.4%	9.5%
Operating Activities Stock Based Compensation	0.9%	0.9%	0.8%	0.8%	1.1%
Operating Activities Deferred Income Taxes	-0.2%	-0.0%	-0.2%	-0.1%	-0.5%
Operating Activities Changes In Operating Assets and Liabilities	-4.0%	-2.9%	-3.2%	-6.6%	-1.7%
Operating Activities Other Non Cash Items	2.3%	0.5%	-0.1%	-0.0%	-2.3%
Operating Activities net Cash From Operating Activities	12.8%	16.8%	16.7%	13.6%	20.6%
Investing Activities Capital Expenditures	-6.2%	-7.7%	-6.5%	-5.7%	-5.1%
Investing Activities Business Acquisitions	-0.5%	0.0%	0.0%	—	—
Investing Activities Purchases of Investments	-0.9%	-1.7%	-1.7%	-1.2%	-1.5%
Investing Activities Proceeds From Sale of Investments	1.1%	2.1%	1.7%	0.2%	1.2%
Investing Activities Other Investing Activities	-0.2%	-0.2%	0.2%	0.0%	4.3%
Investing Activities net Cash From Investing Activities	-6.7%	-7.5%	-6.3%	-6.7%	-1.1%
Financing Activities Proceeds From Debt	4.7%	5.9%	4.5%	4.8%	0.7%
Financing Activities Repayment of Debt	-3.4%	-5.5%	-3.5%	-2.7%	-6.5%
Financing Activities Repurchase of Common Stock	0.0%	-3.5%	-2.7%	-12.4%	0.0%
Financing Activities Dividends Paid	-7.5%	-7.1%	-6.8%	-7.0%	-7.3%
Financing Activities Proceeds From Stock Issuance	0.2%	0.3%	0.5%	0.3%	0.8%
Financing Activities Tax Withholding On Stock Based Compensation	-0.2%	-0.3%	-0.2%	-0.4%	-0.3%
Financing Activities Other Financing Activities	-0.0%	-0.0%	-0.0%	-0.0%	0.0%
Financing Activities net Cash From Financing Activities	-6.2%	-10.3%	-8.3%	-17.5%	-12.6%
Cash Reconciliation Effect of Exchange Rate On Cash	-0.1%	0.2%	-0.0%	-0.8%	0.3%
Cash Reconciliation net Change In Cash	-0.2%	-0.7%	2.0%	-11.3%	7.2%

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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FY2025 fundamentals · no price

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Starbucks

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