Starbucks Corporation

SBUXNASDAQ

$102.18

Last price · USD

Market cap: $116.5B
P/E: 62.7x
EV / EBITDA: 25.6x
P/S: 3.1x
FCF yield: 2.1%
Div. yield: 2.38%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Starbucks Corporation balance sheet

Annual · USD millions except per-share data · 48 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	3,220	3,286	3,552	2,818	6,456	-16.0%
Short-term investments	247	257	402	365	162	+11.1%
Cash & short-term investments	3,467	3,543	3,953	3,183	6,618	-14.9%
Net receivables	1,278	1,214	1,184	1,176	1,133	+3.0%
Accounts receivable	1,278	1,214	1,184	1,176	940	+8.0%
Other receivables	0	0	0	0	193	—
Inventory	2,186	1,777	1,806	2,177	1,604	+8.0%
Prepaids	0	0	0	387	402	—
Other current assets	452	313	360	97	0	—
Total current assets	7,382	6,847	7,303	7,019	9,756	-6.7%
Non-current assets
Property, plant & equipment (net)	17,809	17,952	15,800	14,576	14,606	+5.1%
Goodwill	3,369	3,316	3,218	3,284	3,677	-2.2%
Intangible assets	167	101	121	156	350	-16.9%
Goodwill & intangible assets	3,536	3,417	3,339	3,439	4,027	-3.2%
Long-term investments	713	740	687	590	550	+6.7%
Tax assets	1,827	1,767	1,770	1,800	1,875	-0.6%
Other non-current assets	753	617	547	554	579	+6.8%
Total non-current assets	24,637	24,492	22,142	20,960	21,636	+3.3%
Total assets	32,020	31,339	29,446	27,978	31,393	+0.5%
Current liabilities
Accounts payable	1,853	1,596	1,544	1,441	1,212	+11.2%
Other payables	1,091	1,026	402	334	566	+17.8%
Total payables	2,944	2,621	1,946	1,775	1,778	+13.4%
Short-term debt	1,499	1,249	1,852	1,924	999	+10.7%
Capital lease obligations (current)	1,565	1,463	1,275	1,246	1,251	+5.7%
Tax payables	0	0	402	334	348	—
Deferred revenue	1,841	1,781	1,700	1,642	1,596	+3.6%
Other current liabilities	282	244	885	1,292	807	-23.1%
Total current liabilities	10,210	9,070	9,345	9,152	8,151	+5.8%
Non-current liabilities
Long-term debt	14,576	14,320	13,548	13,120	13,617	+1.7%
Capital lease obligations (non-current)	8,972	8,772	7,925	7,515	7,738	+3.8%
Deferred revenue (non-current)	5,773	5,964	6,102	6,280	6,463	-2.8%
Deferred tax liabilities (non-current)	0	21	15	0	0	—
Other non-current liabilities	578	635	499	611	738	-5.9%
Total non-current liabilities	29,899	29,711	28,088	27,525	28,556	+1.2%
Capital lease obligations	10,537	10,235	9,200	8,761	8,989	+4.1%
Total debt	26,612	25,803	24,600	23,805	23,605	+3.0%
Total liabilities	40,109	38,781	37,433	36,677	36,707	+2.2%
Stockholders' equity
Common stock	1	1	1	1	1	-2.2%
Retained earnings	(8,272)	(7,344)	(7,256)	(8,450)	(6,316)	—
Additional paid-in capital	634	323	38	205	846	-7.0%
Accumulated other comprehensive income (loss)	(459)	(429)	(778)	(463)	147	—
Total stockholders' equity	(8,097)	(7,449)	(7,995)	(8,707)	(5,321)	—
Total equity	(8,089)	(7,442)	(7,988)	(8,699)	(5,314)	—
Minority interest	7	7	7	8	7	+2.5%
Total liabilities & equity	32,020	31,339	29,446	27,978	31,393	+0.5%
Additional fields
Accrued Expenses	2,080	1,711	1,687	1,273	1,720	+4.9%
Net Debt	23,392	22,517	21,048	20,986	17,149	+8.1%
Total Investments	960	997	1,089	955	712	+7.8%

Starbucks Corporation

SBUXNASDAQ

$102.18

Last price · USD

Market cap: $116.5B
P/E: 62.7x
EV / EBITDA: 25.6x
P/S: 3.1x
FCF yield: 2.1%
Div. yield: 2.38%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Starbucks Corporation balance sheet

Annual · USD millions except per-share data · 48 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	3,220	3,286	3,552	2,818	6,456	-16.0%
Short-term investments	247	257	402	365	162	+11.1%
Cash & short-term investments	3,467	3,543	3,953	3,183	6,618	-14.9%
Net receivables	1,278	1,214	1,184	1,176	1,133	+3.0%
Accounts receivable	1,278	1,214	1,184	1,176	940	+8.0%
Other receivables	0	0	0	0	193	—
Inventory	2,186	1,777	1,806	2,177	1,604	+8.0%
Prepaids	0	0	0	387	402	—
Other current assets	452	313	360	97	0	—
Total current assets	7,382	6,847	7,303	7,019	9,756	-6.7%
Non-current assets
Property, plant & equipment (net)	17,809	17,952	15,800	14,576	14,606	+5.1%
Goodwill	3,369	3,316	3,218	3,284	3,677	-2.2%
Intangible assets	167	101	121	156	350	-16.9%
Goodwill & intangible assets	3,536	3,417	3,339	3,439	4,027	-3.2%
Long-term investments	713	740	687	590	550	+6.7%
Tax assets	1,827	1,767	1,770	1,800	1,875	-0.6%
Other non-current assets	753	617	547	554	579	+6.8%
Total non-current assets	24,637	24,492	22,142	20,960	21,636	+3.3%
Total assets	32,020	31,339	29,446	27,978	31,393	+0.5%
Current liabilities
Accounts payable	1,853	1,596	1,544	1,441	1,212	+11.2%
Other payables	1,091	1,026	402	334	566	+17.8%
Total payables	2,944	2,621	1,946	1,775	1,778	+13.4%
Short-term debt	1,499	1,249	1,852	1,924	999	+10.7%
Capital lease obligations (current)	1,565	1,463	1,275	1,246	1,251	+5.7%
Tax payables	0	0	402	334	348	—
Deferred revenue	1,841	1,781	1,700	1,642	1,596	+3.6%
Other current liabilities	282	244	885	1,292	807	-23.1%
Total current liabilities	10,210	9,070	9,345	9,152	8,151	+5.8%
Non-current liabilities
Long-term debt	14,576	14,320	13,548	13,120	13,617	+1.7%
Capital lease obligations (non-current)	8,972	8,772	7,925	7,515	7,738	+3.8%
Deferred revenue (non-current)	5,773	5,964	6,102	6,280	6,463	-2.8%
Deferred tax liabilities (non-current)	0	21	15	0	0	—
Other non-current liabilities	578	635	499	611	738	-5.9%
Total non-current liabilities	29,899	29,711	28,088	27,525	28,556	+1.2%
Capital lease obligations	10,537	10,235	9,200	8,761	8,989	+4.1%
Total debt	26,612	25,803	24,600	23,805	23,605	+3.0%
Total liabilities	40,109	38,781	37,433	36,677	36,707	+2.2%
Stockholders' equity
Common stock	1	1	1	1	1	-2.2%
Retained earnings	(8,272)	(7,344)	(7,256)	(8,450)	(6,316)	—
Additional paid-in capital	634	323	38	205	846	-7.0%
Accumulated other comprehensive income (loss)	(459)	(429)	(778)	(463)	147	—
Total stockholders' equity	(8,097)	(7,449)	(7,995)	(8,707)	(5,321)	—
Total equity	(8,089)	(7,442)	(7,988)	(8,699)	(5,314)	—
Minority interest	7	7	7	8	7	+2.5%
Total liabilities & equity	32,020	31,339	29,446	27,978	31,393	+0.5%
Additional fields
Accrued Expenses	2,080	1,711	1,687	1,273	1,720	+4.9%
Net Debt	23,392	22,517	21,048	20,986	17,149	+8.1%
Total Investments	960	997	1,089	955	712	+7.8%