Starbucks SBUX
- Market cap
- $114.9B
- PE
- 57.9×
- 10y median 30.3×
- Forward PE
- 33.8×
- 10y median 31.4×
- Price to sales
- 3.0×
- EV/EBIT
- 30.0×
- Revenue, 12 months
- $38.3B
- +4% on a year ago
- Net margin
- 5.2%
- Free cash flow yield
- 3.2%
Starbucks trades at 57.9× trailing earnings, pricier than 84% of the last ten years. Revenue was $38.3B over the last twelve months, up 4% on a year earlier with a 5% net margin.
Charts
Financials
| Income statement | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $9.4B+11% | $9.4B+8% | $8.6B−2% | $9.1B−1% | $9.1B−3% | $9.4B−0% | $8.8B+2% | $9.5B+4% | $9.6B+6% | $9.9B+6% | $9.5B+9% | $9.3B−1% | |
| Cost of revenue | $2.9B+8% | $3B+6% | $2.6B−6% | $2.7B−4% | $2.8B−4% | $2.9B−3% | $2.7B+3% | $3B+8% | $3.1B+9% | $3.3B+13% | $3.2B+17% | $2.8B−4% |
| Gross profit | $6.4B+13% | $6.4B+9% | $5.9B−0% | $6.4B+1% | $6.3B−3% | $6.5B+1% | $6B+2% | $6.5B+2% | $6.5B+4% | $6.6B+2% | $6.3B+5% | $6.5B−0% |
| SG&A | $635.7M+18% | $648M+12% | $654.6M+6% | $576M−5% | $644.7M+1% | $665.8M+3% | $632.3M−3% | $677.2M+18% | $642M−0% | $638.8M−4% | $618.1M−2% | $598.8M−12% |
| $1.7B+43% | $1.5B+19% | $1.1B−17% | $1.5B−4% | $1.3B−23% | $1.1B−25% | $601M−45% | $935.6M−38% | $278.2M−79% | $890.8M−21% | $828.1M+38% | $980.4M+5% | |
| Interest expense | $143.2M+14% | $140.1M+8% | $140.6M+3% | $141.3M+0% | $140M−2% | $127.2M−9% | $127.3M−10% | $142.3M+1% | $145.8M+4% | $139M+9% | $137M+8% | $134.6M−5% |
| Pre-tax income | $1.6B+45% | $1.4B+22% | $992.4M−18% | $1.4B−4% | $1.2B−25% | $1B−26% | $502.1M−49% | $818.9M−42% | $163.9M−86% | $764.8M−25% | $728.1M+45% | $1.4B+73% |
| $373.8M+68% | $354.7M+27% | $219.9M−27% | $348.6M+8% | $284.1M−24% | $241.4M−32% | $118M−46% | $260.4M−25% | $30.7M−89% | $471.6M+95% | $217.3M+84% | $374.4M+44% | |
| Net income | $1.2B+39% | $1B+20% | $772.4M−15% | $1.1B−8% | $909.2M−25% | $780.8M−24% | $384.2M−50% | $558.3M−47% | $133.2M−85% | $293.3M−62% | $510.9M+33% | $1B+87% |
| $1.06+40% | $0.90+22% | $0.68−14% | $0.93−6% | $0.80−25% | $0.69−23% | $0.34−50% | $0.49−47% | $0.12−85% | $0.26−62% | $0.45+32% | $0.91+86% | |
| 1.1B−0% | 1.1B−1% | 1.1B−2% | 1.1B−1% | 1.1B−1% | 1.1B−0% | 1.1B+0% | 1.1B+0% | 1.1B+0% | 1.1B+0% | 1.1B+0% | 1.1B+0% |
Gross profit: 73 periods, Q3 FY08 to Q3 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 11 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 17 periods, Q4 FY08 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY13: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q4 FY26 | $9.2B | $8.9B to $9.4B | $0.72 | $0.69 to $0.75 | 18 |
| Q1 FY27 | $9.6B | $9.4B to $10.2B | $0.76 | $0.69 to $0.81 | 12 |
| Q2 FY27 | $9.1B | $8.9B to $9.5B | $0.64 | $0.62 to $0.67 | 10 |
| Q3 FY27 | $9.7B | $9.5B to $10.1B | $0.87 | $0.84 to $0.92 | 10 |
| Q4 FY27 | $10.1B | $9.9B to $10.5B | $0.92 | $0.89 to $0.97 | 10 |
| Q1 FY28 | $10.1B | $9.9B to $10.5B | $0.90 | $0.87 to $0.95 | 10 |
| Q2 FY28 | $9.7B | $9.5B to $10.1B | $0.78 | $0.76 to $0.83 | 6 |
| Q3 FY28 | $10.3B | $10.1B to $10.8B | $1.05 | $1.02 to $1.11 | 6 |
Peers
Companies in Restaurants nearest Starbucks' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| SBUXStarbucks | $114.9B | 57.9× | 30.3× | 33.8× | 3.0× | +4% | 5.2% |
| MCDMcDonald's | $175.8B | 20.2× | 26.0× | 18.9× | 6.3× | +6% | 31.7% |
| YUMYum! Brands | $40.9B | 18.9× | 24.7× | 22.4× | 4.7× | +10% | 25.4% |
| CMGChipotle Mexican Grill | $34.8B | 25.2× | 63.3× | 21.7× | 2.8× | +7% | 11.4% |
| QSRRestaurant Brands International | $34.2B | 20.8× | 26.5× | 17.8× | 3.5× | +7% | 13.1% |
| DRIDarden Restaurants | $24B | 20.8× | 20.8× | 18.5× | 1.8× | +8% | 8.8% |
| YUMCYum China | $15.3B | 16.4× | 24.7× | n/m | 1.2× | +9% | 7.8% |
| ARMKAramark | $13.9B | 36.8× | 22.5× | n/m | 0.7× | +11% | 1.9% |
| Peer median | $34.2B | 20.8× | 24.7× | 18.9× | 2.8× | +8% | 11.4% |
Investors who own it
Investors we follow who held Starbucks at the end of Jun 30, 2026, from their 13F filings.
- Polen CapitalPolen Capital3.1% of portfoliotrimmed
- Chris BloomstranSemper Augustus0.5% of portfoliotrimmed
- Tom GaynerMarkel Group0.5% of portfolio
- Baillie GiffordBaillie Gifford0.1% of portfoliotrimmed
More on Starbucks
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
Its groups
About
- Industry
- Restaurants
- Sector
- Consumer Cyclical
Valuation data, not investment advice. Prices as of .