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World's largest coffeehouse chain, selling handcrafted coffee/tea beverages and food through owned and licensed stores.
World's largest coffeehouse chain, selling handcrafted coffee/tea beverages and food through owned and licensed stores.
Earns mostly from sales at stores it runs itself, with licensed stores in airports and groceries paying royalties and buying product from it. Nestle sells its packaged coffee under a global alliance since 2018. Chief executive Brian Niccol, hired in 2024 from Chipotle, is leading a turnaround.
Moat: narrow (brand, scale, installed base). Strong global brand and dense store network, but faces mounting competition and a US traffic/turnaround challenge.
Headquarters: Seattle, Washington, United States · Founded: 1971
Size Starbucks (SBUX) is a United States Consumer Discretionary company (Restaurants) with a market value of $120B, the 106th largest of 3,117 United States companies the cockpit tracks. Shares closed at $105.41 on 6 Nov 2026.
Performance Over six months the shares gained 1.1%, against +6.0% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 6 in its peer set.
Growth Revenue grew 2.0% over the last twelve months (peer median +5.8%); the operating margin is 10.8% (peer median 27.8%).
Valuation It trades at 32.6× forward earnings against a peer median of 22.8× (most expensive of 5).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +13 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 20.4 points above its cost of capital (9.2% WACC).
Credit Starbucks has 19 bonds outstanding ($13.3B), rated BBB+ by the agencies and trading like A at a weighted spread of 69 bp.
Short interest Short interest is 3.8% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $37.9B | $37.9B | $37.2B | $36.1B | $36.0B |
| Revenue growth | — | +2% | +3% | +1% | — |
| Gross profit | $6.45B | $6.46B | $6.08B | $7.66B | $7.82B |
| EBITDA | $5.64B | $5.57B | $5.23B | $6.73B | $6.82B |
| Net income | $2.53B | $2.53B | $1.86B | $3.76B | $4.12B |
| Free cash flow | $3.72B | $3.72B | $2.44B | $3.32B | $3.68B |
| Capital expenditure | $1.26B | $1.26B | $2.31B | $2.78B | $2.33B |
| Total debt | $22.4B | $22.4B | $26.6B | $25.8B | $24.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Starbucks SBUX | $120B | +1% | +2% | 11% | 32.6× | 18.5% |
| Dutch Bros BROS | $5.90B | -36% | +30% | 10% | 31.0× | 36.3% |
| Restaurant Brands International QSR | $35.1B | -3% | +6% | 27% | 18.1× | 6.3% |
| McDonald's MCD | $196B | 0% | +6% | 46% | 20.7× | 4.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SBUX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.1% | +9.9% | 2nd highest of 6 |
| 6-month return | +1.1% | +6.0% | 3rd lowest of 6 |
| Distance from 52-week high | -5.5% | -5.3% | 3rd lowest of 6 |
| Revenue growth (TTM) | +2.0% | +5.8% | lowest of 6 |
| Operating margin | 10.8% | 27.8% | lowest of 6 |
| Forward P/E | 32.6× | 22.8× | most expensive of 5 |
| Growth the price implies (Req g, 7 yrs) | 18.5% | 4.1% | most demanding of 6 |
| Growth delivered (Del g) | +5.5% | +13.7% | lowest of 6 |
| Hurdle (Req g minus delivered) | +13.0 pp | -7.4 pp | most demanding of 6 |
| ROIC minus cost of capital | +20.4 pp | +8.0 pp | 2nd highest of 5 |
| EV / EBITDA | 24.6× | 17.2× | most expensive of 6 |
| Net debt / EBITDA | 3.3× | 3.7× | 3rd least indebted of 6 |
| Bond spread | 69 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Starbucks SBUX | United States | $120B | +1% | +2% | 11% | 32.6× | 18.5% | +5.5% |
| McDonald's MCD | United States | $196B | 0% | +6% | 46% | 20.7× | 4.1% | +7.0% |
| Yum! Brands YUM | United States | $44.0B | +7% | +9% | 32% | 24.8× | -0.2% | +7.8% |
| Chipotle Mexican Grill CMG | United States | $43.6B | +6% | +8% | 15% | 27.1× | 15.1% | +14.8% |
| Restaurant Brands International LP QSP-UN.TO | Canada | $35.9B | +12% | +5% | 28% | n/a | 1.0% | +14.6% |
| Restaurant Brands International QSR | United States | $35.1B | -3% | +6% | 27% | 18.1× | 6.3% | +13.7% |
Starbucks has 19 bonds outstanding with $13.3B face value. The agencies rate it BBB+; its bonds trade like A. Weighted yield 5.52%, a spread of 69 bp over government bonds.