SBUX Consumer Cyclical

Starbucks Corporation

$104.77+0.35%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Consumer Cyclical
Industry: Restaurants
Country: United States
Market cap: 119.4B USD
Enterprise value: 120.8B USD
Full-time employees: 381,000

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.97 vs a peer median of 0.63), though less than the overall market and less short-term liquidity (current ratio 0.76 vs a peer median of 1.48)higher risk: bigger price swings (beta 0.97 vs peers 0.63) and less liquidity (current ratio 0.76 vs peers 1.48)

Ranks #1,105 of 1,502 consumer cyclical companies (bottom 27%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.
Starbucks's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.
Sales growing faster than profits. Since FY Sep 2022: revenue +15%, operating profit −36%.
Since FY Sep 2022, Starbucks's revenue changed +15% while operating profit fell 36%: costs rose faster than sales.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $23.5B in FY Sep 2020 to $37.2B in FY Sep 2025.
Starbucks's fiscal-year revenue rose in each of the five years to FY Sep 2025, from $23.5B to $37.2B.
Profit is backed by cash. Free cash flow is 184% of reported profit.
Starbucks's free cash flow is 184% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

39/ 100

Oct 5 39 → Nov 4 39

Valuation

Is the price right?

21/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield1.7%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.83Sector median: 0.0439 · MAD: 0.0329

EBITDA yield3.6%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -1.12Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield3.0%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.57Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield-6.4%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

37/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-24.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.15Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth3.1%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.19Sector median: 0.0425 · MAD: 0.0636

Revenue growth4.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.12Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

92/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROIC
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin7.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.30Sector median: 0.0638 · MAD: 0.0461

Return on assets7.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.45Sector median: 0.0331 · MAD: 0.0254

Return on invested capital109.2%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 6.21Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin22.3%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equityUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.97

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.14Sector median: 0.6345 · MAD: 0.2980

Current ratio0.76×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.29Sector median: 1.4800 · MAD: 0.5570

Debt / equityUnavailable

Shareholders' equity is negative, so debt/equity counts as among the highest in its peer group33% base weight · Z-score -9.02Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Starbucks

Is Starbucks getting weaker?: Its latest SEC filing (Jul 29, 2026) showed no major changes. Its overall score is unchanged at 39/100 since Oct 28, 2026.
How is Starbucks valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 21/100 against 1,612 consumer cyclical peers. EBITDA yield 3.6% vs a peer median of 8.8% (weaker than 79% of peers).EBITDA yield 3.6% vs peers 8.8% (weaker than 79% of peers).
Is Starbucks growing?: More slowly than most of its peers. Growth scores 37/100 against 1,612 consumer cyclical peers. Earnings per share growth -24.9% vs a peer median of 4.2% (weaker than 77% of peers).Earnings per share growth -24.9% vs peers 4.2% (weaker than 77% of peers).
How profitable is Starbucks?: More profitable than most of its peers. Profitability scores 92/100 against 1,612 consumer cyclical peers. Return on invested capital 109.2% vs a peer median of 7.3% (stronger than 95% of peers).Return on invested capital 109.2% vs peers 7.3% (stronger than 95% of peers).
How risky is Starbucks?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 0.76× vs a peer median of 1.48× (weaker than 87% of peers).Current ratio 0.76× vs peers 1.48× (weaker than 87% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 28, 2026 · filed Jul 29, 2026 · compared with the quarter ended Mar 29, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	38.5B USD	38.3B USD	−0.3%
Net income (12 months)	1.5B USD	2.0B USD	+32.6%
Operating margin	7.6%	7.8%	+0.1 pts
Free cash flow (12 months)	2.7B USD	3.6B USD	+33.6%
Debt	15.1B USD	13.3B USD	−12.0%
Cash	1.5B USD	3.4B USD	+125.2%
Shares outstanding	1.14B	1.14B	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Restaurants · 19 companies

Valuations in Restaurants are within their usual range since 2016.

40% of months since 2016 were valued lower than now.
12% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +13% and earnings +17% (medians): earnings grew faster than prices.
Median price-to-sales is −28% vs the whole market, against a usual −11%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Sep 2021	FY Sep 2022	FY Sep 2023	FY Sep 2024	FY Sep 2025	Change
Operating margin	16.8%	14.3%	16.3%	15.0%	7.9%	▼ 7.1 pts
Net margin	14.5%	10.2%	11.5%	10.4%	5.0%	▼ 5.4 pts
Return on assets (ROA)	13.4%	11.7%	14.0%	12.0%	5.8%	▼ 6.2 pts
Free cash flow margin	15.6%	7.9%	10.2%	9.2%	6.6%	▼ 2.6 pts
Current ratio	1.20×	0.77×	0.78×	0.75×	0.72×	▼ 4.2%
Quick ratio	1.00×	0.53×	0.59×	0.56×	0.51×	▼ 9.0%
Interest coverage	10.37×	9.56×	10.67×	9.62×	5.41×	▼ 44%

SBUX price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Sanrio Company, Ltd.8136.T96/ 100

Track & Field Co S.A.TFCO4.SA92/ 100

Pop Mart International Group Limited9992.HK91/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.97 vs a peer median of 0.63), though less than the overall market and less short-term liquidity (current ratio 0.76 vs a peer median of 1.48)higher risk: bigger price swings (beta 0.97 vs peers 0.63) and less liquidity (current ratio 0.76 vs peers 1.48)

Ranks #1,105 of 1,502 consumer cyclical companies (bottom 27%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.

Starbucks's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.

Sales growing faster than profits. Since FY Sep 2022: revenue +15%, operating profit −36%.

Since FY Sep 2022, Starbucks's revenue changed +15% while operating profit fell 36%: costs rose faster than sales.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $23.5B in FY Sep 2020 to $37.2B in FY Sep 2025.

Starbucks's fiscal-year revenue rose in each of the five years to FY Sep 2025, from $23.5B to $37.2B.

Profit is backed by cash. Free cash flow is 184% of reported profit.

Starbucks's free cash flow is 184% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about Starbucks

Is Starbucks getting weaker?

Its latest SEC filing (Jul 29, 2026) showed no major changes. Its overall score is unchanged at 39/100 since Oct 28, 2026.

How is Starbucks valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 21/100 against 1,612 consumer cyclical peers. EBITDA yield 3.6% vs a peer median of 8.8% (weaker than 79% of peers).EBITDA yield 3.6% vs peers 8.8% (weaker than 79% of peers).

Is Starbucks growing?

More slowly than most of its peers. Growth scores 37/100 against 1,612 consumer cyclical peers. Earnings per share growth -24.9% vs a peer median of 4.2% (weaker than 77% of peers).Earnings per share growth -24.9% vs peers 4.2% (weaker than 77% of peers).

How profitable is Starbucks?

More profitable than most of its peers. Profitability scores 92/100 against 1,612 consumer cyclical peers. Return on invested capital 109.2% vs a peer median of 7.3% (stronger than 95% of peers).Return on invested capital 109.2% vs peers 7.3% (stronger than 95% of peers).

How risky is Starbucks?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 0.76× vs a peer median of 1.48× (weaker than 87% of peers).Current ratio 0.76× vs peers 1.48× (weaker than 87% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

38.5B USD

38.3B USD

−0.3%

Net income (12 months)

1.5B USD

2.0B USD

+32.6%

Operating margin

7.6%

7.8%

+0.1 pts

Free cash flow (12 months)

2.7B USD

3.6B USD

+33.6%

Debt

15.1B USD

13.3B USD

−12.0%

Cash

1.5B USD

3.4B USD

+125.2%

Shares outstanding

1.14B

1.14B

+0.0%

Key ratios

FY Sep 2021

FY Sep 2022

FY Sep 2023

FY Sep 2024

FY Sep 2025

Change

Operating margin

16.8%

14.3%

16.3%

15.0%

7.9%

▼ 7.1 pts

Net margin

14.5%

10.2%

11.5%

10.4%

5.0%

▼ 5.4 pts

Return on assets (ROA)

13.4%

11.7%

14.0%

12.0%

5.8%

▼ 6.2 pts

Free cash flow margin

15.6%

7.9%

10.2%

9.2%

6.6%

▼ 2.6 pts

Current ratio

1.20×

0.77×

0.78×

0.75×

0.72×

▼ 4.2%

Quick ratio

1.00×

0.53×

0.59×

0.56×

0.51×

▼ 9.0%

Interest coverage

10.37×

9.56×

10.67×

9.62×

5.41×

▼ 44%