Starbucks Corp (SBUX)
Consumer Discretionary · Restaurants · US stock · S&P 500 component
$101.91
▲ +2.83 (2.86%)
Fair valueFair
$98 −4.1% to fair value
$49fair band $83–$118$147
Day's range
$98.68 – $102.02
52-week range
$77.99 – $110.51
Red flags⚠ Negative equity⚠ Negative equity⚠ Negative equity⚠ Negative equity⚠ Negative equity
About Starbucks Corp
Coffee, tea, cold drinks and food are served by Starbucks, a coffeehouse company, through stores it operates and through licensed stores run by partners. It also offers packaged coffee and ready-to-drink products through grocery stores and other channels, with a long-running partnership with Nestle. Customers are everyday consumers who visit stores, order ahead or use its app. The business is organised into North America, international and channel development segments.
Starbucks earns its revenue mainly from drinks and food served in its stores, with licensing income and packaged products adding to the total. Revenue was $38.3 billion over the last twelve months and has grown at 4.9% a year across the last three years. The operating margin is 7.8%, and the business earns 19% on the capital invested in it. Net debt is 4.1 times EBITDA, and the dividend yield is 2.4%. On the site's X-Ray Score it receives 31 out of 100.
Price chart
52-wk range $77.99 – $110.51Volume 9,589,988Daily, split-adjusted
Vitals
Market cap$116.6B
52-week range$77.99 – $110.51
Volume (last day)9,589,988
P/E (TTM)58.7
EBIT / EV yield2.2%
Free-cash-flow yield3.1%
Dividend yield2.4%
Revenue (TTM)$38.3B
Net income (TTM)$2.0B
Operating margin7.8%
Return on capital18.7%
Debt incl. leases$22.4B
Cash & securities$3.6B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$98middle half of models $89 – $100
Fair
−4.1% to fair value
Average of the 12 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $102
Undervalued < $83Fair $83 – $118Overvalued > $118
P/E multiple
$95
P/S multiple
$100
EV/EBITDA multiple
$85
EV/EBIT multiple
$70
EV/revenue multiple
$100
10-year DCF, EBITDA exit
$92
5-year DCF, EBITDA exit
$96
10-year DCF, revenue exit
$91
5-year DCF, revenue exit
$99
10-year DCF, growth exit · not used
$33
5-year DCF, growth exit · not used
$28
Dividend discount, stable
$106
Dividend discount, multi-stage
$187
Earnings power value
$52
Growth the price implies
29.5%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
24/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.2%
Free-cash-flow yield3.1%
Fair value vs price1.0×
Growth
Weak
25/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)4.9%
EPS growth (3y)-16.8%
Growth consistency50%
Profitability
Weak
46/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital18.7%
Operating margin7.8%
Financial health
Weak
15/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Net debt / EBITDA4.1×
Interest cover5.4×
Dividends
Fair
54/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.4%
Dividends vs free cash flow78%
Dividend growth7.0%
Quarterly results: last 6 quarters
+2.3%
Mar '25
+3.8%
Jun '25
+5.5%
Sep '25
+5.5%
Dec '25
+8.8%
Mar '26
-1.4%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $9.3B, diluted EPS $0.91.
Compare with peers
CMG Chipotle Mexican Grill...64 DPZ Dominos Pizza Inc64 DRI Darden Restaurants Inc54 MCD Mcdonalds Corp53Other Restaurants companies by X-Ray Score.
SWOT analysis: Starbucks Corp
Strengthsinside the company
- No standout strength in the figures we track.
Weaknessesinside the company
- Return on invested capital of 18.7% is well below the 33.2% median of industry peers.
- Operating margin of 7.8% is thin against 19.7% for industry peers.
- Earnings per share have declined 16.8% a year over three years.
- Net debt is 4.1x EBITDA, above the 3x level that lenders usually watch.
Opportunitiesvaluation and setting
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Heavy debt makes profits sensitive to interest rates and refinancing conditions.
- Trades at 58.8x earnings, 188% above the 20.4x median of industry peers, so the price already assumes better results.
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
- Our checks raised: Negative equity; Negative equity.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare SBUX with peers and sector
Medians of 5 Restaurants peers and of 46 Consumer Discretionary stocks in our universe.
Largest peers (X-Ray Score): MCD 53, YUM 48, CMG 64, DRI 54, DPZ 64.
| Metric | SBUX | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 31 | 54 | 51 |
| Valuation | 24 | 55 | 49 |
| Growth | 25 | 57 | 53 |
| Profitability | 46 | 66 | 52 |
| Financial health | 15 | 38 | 50 |
| Dividends | 54 | 58 | 51 |
Sector leaders: highest X-Ray Score in Consumer Discretionary
SBUX ranks #44 of 47 in Consumer Discretionary and #6 of 6 in Restaurants by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for SBUX
Each factor is rated by where SBUX stands among the 47 Consumer Discretionary stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 2 Good · 3 Average · 14 Bad of 19
Growth: 0 · 0 · 3
Profitability: 0 · 1 · 2
Financial strength: 0 · 0 · 4
Valuation: 0 · 0 · 4
Cash flow: 2 · 1 · 1
Efficiency: 0 · 1 · 0
| Factor | SBUX | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +4.9% | Bad beats 30% | +6.5% | – | – |
| Revenue growth, last year | +2.8% | Bad beats 29% | +4.9% | +11.0% | ▼ Worse |
| EPS growth, 3 years a year | −16.8% | Bad beats 21% | +4.0% | – | – |
| Profitability | |||||
| Operating margin | 7.8% | Bad beats 21% | 14.9% | 15.0% | ▼ Worse |
| Net margin | 5.2% | Bad beats 18% | 11.4% | 10.4% | ▼ Worse |
| Return on invested capital | 18.7% | Average beats 35% | 24.6% | – | – |
| Financial strength | |||||
| Net debt / EBITDA | 4.1x | Bad beats 18% | 1.8x | 1.7x | ▼ Worse |
| Interest cover | 5.4x | Bad beats 24% | 25.3x | 9.6x | ▼ Worse |
| Current ratio | 0.76 | Bad beats 24% | 1.10 | 0.77 | ≈ In line |
| Piotroski F-score | 4 / 9 | Bad beats 9% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 58.8x | Bad beats 8% | 21.1x | 29.7x | ▼ Worse |
| Price / sales | 3.0x | Bad beats 33% | 2.1x | 3.0x | ≈ In line |
| EV / EBITDA | 29.2x | Bad beats 12% | 15.0x | 17.8x | ▼ Worse |
| Free cash flow yield | 3.1% | Bad beats 26% | 4.3% | 3.0% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 9.5% | Average beats 45% | 10.8% | 9.2% | ≈ In line |
| Cash from operations / net income | 2.51 | Good beats 78% | 1.37 | 1.46 | ▲ Better |
| Free cash flow growth, 3 years a year | −1.5% | Bad beats 27% | +12.1% | – | – |
| Accruals (lower is better) | −10.6% | Good beats 97% | −5.3% | – | – |
| Efficiency | |||||
| Days sales outstanding | 12 days | Average beats 53% | 14 days | 12 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 1 Good · ● 1 Average · ● 13 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldBad
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalAverage
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 29/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $29.1B | $32.3B | $36.0B | $36.2B | $37.2B |
| Operating income | $4.9B | $4.6B | $5.9B | $5.4B | $2.9B |
| Net income | $4.2B | $3.3B | $4.1B | $3.8B | $1.9B |
| Operating cash flow | $6.0B | $4.4B | $6.0B | $6.1B | $4.7B |
| Operating margin | 16.8% | 14.3% | 16.3% | 15.0% | 7.9% |
| Free cash flow | $4.5B | $2.6B | $3.7B | $3.3B | $2.4B |
| Diluted EPS | $3.54 | $2.83 | $3.58 | $3.31 | $1.63 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 96.09 | Bullish |
| EMA 10 | 97.51 | Bullish |
| SMA 20 | 95.37 | Bullish |
| EMA 20 | 96.74 | Bullish |
| SMA 50 | 99.65 | Bullish |
| EMA 50 | 98.35 | Bullish |
| SMA 100 | 101.0 | Bullish |
| EMA 100 | 99.28 | Bullish |
| SMA 200 | 98.67 | Bullish |
| EMA 200 | 97.68 | Bullish |
Oscillators (daily)
| RSI (14) | 65.28 | Neutral |
| MACD (12, 26) | 0.21 | Bullish |
| Momentum (12) | 6.03 | Bullish |
| Stochastic %K (14) | 99.25 | Bearish |
| Williams %R (14) | -0.75 | Bearish |
| CCI (20) | 192.5 | Bearish |
Pivot points (classic, last session)
S3 96.38 | S2 97.53 | S1 99.72 | Pivot 100.9 | R1 103.1 | R2 104.2 | R3 106.4 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.48 USD
Yield on today's price
2.43%
Frequency
Quarterly
Next ex-dividend date
13 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| (upcoming) | 0.6300 |
| 0.6200 | |
| 0.6200 | |
| 0.6200 | |
| 0.6200 | |
| 0.6100 | |
| 0.6100 | |
| 0.6100 | |
| 0.6100 | |
| 0.5700 | |
| 0.5700 | |
| 0.5700 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold SBUX
| ETF | Share of the fund |
|---|---|
| XLY Consumer Discretionary Select Sector S... | 2.90% |
| CGDV Capital Group Dividend Value | 2.26% |
| FDIS Fidelity MSCI Consumer Discretionary I... | 1.82% |
| CGUS Capital Group Core Equity | 1.71% |
| VCR Vanguard Consumer Discretionary | 1.67% |
| FDVV Fidelity High Dividend | 1.58% |
| HDV iShares Core High Dividend | 1.40% |
| CGGO Capital Group Global Growth Equity | 1.38% |
The eight funds with the largest weight in SBUX among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
SBUX stock splits
SBUX has split its stock 6 times since 1993. The latest was a 2-for-1 split on 9 Apr 2015.
Full SBUX stock split history →SBUX SEC filings
8-KSEC EDGAR
Exit or restructuring costs; Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Exit or restructuring costs
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.