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SBUX

Starbucks Corporation

SBUX

Starbucks Corporation • NASDAQ
$87.04 ▲ 0.39% (+0.34)
Market Cap $98.97 B
52w High $117.46
52w Low $75.50
Dividend Yield 2.45%
P/E 53.4
Volume 3.67M
Outstanding Shares 1.14B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $9.569B ▲ $1.264B ▲ $133.1M ▼ 1.391% ▼ $0.12 ▼ $1.41B ▲
Q3-2025 $9.456B ▲ $1.22B ▼ $558.3M ▲ 5.904% ▲ $0.49 ▲ $1.409B ▲
Q2-2025 $8.762B ▼ $1.247B ▲ $384.2M ▼ 4.385% ▼ $0.34 ▼ $1.065B ▼
Q1-2025 $9.398B ▲ $1.179B ▲ $780.8M ▼ 8.308% ▼ $0.69 ▼ $1.582B ▼
Q4-2024 $9.074B $1.075B $909.2M 10.02% $0.8 $1.735B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $3.467B ▼ $32.02B ▼ $40.109B ▼ $-8.097B ▼
Q3-2025 $4.506B ▲ $33.649B ▲ $41.328B ▲ $-7.686B ▼
Q2-2025 $3.012B ▼ $31.633B ▼ $39.248B ▼ $-7.622B ▼
Q1-2025 $3.957B ▲ $31.893B ▲ $39.358B ▲ $-7.472B ▼
Q4-2024 $3.543B $31.339B $38.781B $-7.449B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $133.1M ▼ $1.382B ▲ $-390.5M ▲ $-1.933B ▼ $-952.8M ▼ $925.8M ▲
Q3-2025 $558.4M ▲ $1.002B ▲ $-595.7M ▲ $1.056B ▲ $1.501B ▲ $434.3M ▲
Q2-2025 $384.2M ▼ $292M ▼ $-644M ▲ $-666.5M ▲ $-1B ▼ $-297.2M ▼
Q1-2025 $780.9M ▼ $2.072B ▲ $-855.2M ▼ $-754.8M ▼ $385.2M ▲ $1.379B ▲
Q4-2024 $909.3M $1.536B $-849.7M $-644.5M $107.1M $737.4M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Beverage Member
Beverage Member
 $5.68Bn ▲$5.29Bn ▼$5.75Bn ▲$5.82Bn ▲
Food Member
Food Member
 $1.79Bn ▲$1.69Bn ▼$1.79Bn ▲$1.78Bn ▼
Other Products Member
Other Products Member
 $1.93Bn ▲$1.78Bn ▼$1.92Bn ▲$1.97Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Starbucks’ sales have grown steadily over the past several years, even through a choppy economy, which shows that customer demand for the brand remains resilient. The challenge is on the profit side: margins have been squeezed more recently, with operating and net income stepping down from prior peaks. That suggests higher labor, commodity, and promotional costs, as well as heavier investment in the business, are weighing on earnings even as the company continues to bring in more revenue. Overall, it still looks like a strong revenue engine with near‑term profitability pressure that will depend heavily on execution of cost controls and its reinvention plans.

Balance Sheet

Balance Sheet The balance sheet is built around a large, stable asset base and a meaningful layer of debt. Cash balances are solid but not excessive, and total debt sits high relative to equity, which is actually negative. Negative equity here is more a sign of years of aggressive share repurchases and capital returns than a traditional sign of distress, but it does mean the company is financially engineered and reliant on ongoing cash generation. In simple terms, Starbucks is using a leveraged, shareholder‑friendly structure that offers efficiency but leaves less room for error if business conditions weaken for an extended period.

Cash Flow

Cash Flow Starbucks continues to produce healthy cash from its operations, comfortably more than it spends on new stores, renovations, and technology. Free cash flow has been positive throughout the period, though it has come down from its strongest years as spending on expansion and modernization has risen and margins have tightened. This pattern points to a business that still self‑funds its growth and returns of capital, but with a thinner cushion than in the past. The key watch point is whether recent investments eventually restore stronger cash flow growth or keep pressuring near‑term free cash flow.

Competitive Edge

Competitive Edge Starbucks sits in a very strong competitive position globally. Its brand is deeply recognized, associated with premium coffee and a consistent experience, and it benefits from the “third place” concept that keeps customers lingering and returning. Its digital ecosystem—especially the app and rewards program—creates high loyalty and makes it easy to capture repeat business and rich customer data. Global scale and a controlled supply chain support its ability to manage quality and costs better than many rivals. At the same time, it faces constant pressure from quick‑service chains, specialty coffee shops, and shifting consumer tastes, so it must keep refreshing its experience and value proposition to sustain this edge.

Innovation and R&D

Innovation and R&D Starbucks does not do classic lab‑style R&D, but it invests heavily in digital tools, operations technology, and product innovation. The “digital flywheel,” powered by the mobile app, AI platform (Deep Brew), and data analytics, is at the center of its strategy to personalize offers, improve store efficiency, and shorten wait times. Menu innovation—seasonal drinks, customization options, health‑oriented offerings, and local variations—keeps the brand culturally relevant. Store concepts like Starbucks Reserve, new drive‑thru and pickup formats, and ongoing sustainability initiatives add further differentiation. The opportunity is substantial, but much depends on how smoothly Starbucks can roll out these innovations at scale without disrupting store operations or alienating baristas and customers.

Summary

Overall, Starbucks looks like a mature global brand with durable demand, strong competitive advantages, and a clear playbook built around digital engagement, store experience, and menu innovation. Revenue growth has held up, but profitability has softened more recently as costs climb and the company reinvests in its “reinvention” strategy. The balance sheet is deliberately leveraged and equity‑light, which amplifies both the benefits of strong cash flow and the risks if performance stumbles. Execution on cost management, employee engagement, and technology rollouts will likely determine whether current investments translate into a new phase of stronger margins and cash flow, or leave Starbucks in a longer period of pressure while competition intensifies.

NEWS

November 11, 2025 · 12:36 PM UTC

Clear Flow from KSA and Sparks from Morocco Win Alshaya Starbucks Sustainability in Action Award at INJAZ Al-Arab YEC 2025

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November 3, 2025 · 5:14 PM UTC

Starbucks and Boyu Announce Joint Venture for the Next Chapter of Growth in China

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October 29, 2025 · 4:05 PM UTC

Starbucks Reports Q4 and Full Fiscal Year 2025 Results

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October 21, 2025 · 5:38 PM UTC

Starbucks baristas in Cloverdale join growing movement for fairness and respect

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October 15, 2025 · 4:05 PM UTC

Starbucks Announces Q4 and Full Fiscal Year 2025 Results Conference Call

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