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NASDAQ NMS - GLOBAL MARKET · Hotels, Restaurants & Leisure · CIK 0000829224
$99.08
-0.29% · delayed ~15 min
Last price from Oct 21, 2026
$112.64B market value
From STARBUCKS CORP's FY2025 10-K, filed Nov 14, 2025 · read the filing
STARBUCKS runs restaurants and bars. It took in $37.18B last year, which makes it a large company. Of every dollar it sells, about 5 cents is left as profit.
The financial picture is mixed, with profitability and growth needing attention and debt weaker.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score -1.02
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From STARBUCKS CORP's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Operating income
$5.41B → $2.94B
Profit
$3.76B → $1.86B
Earnings per share
$3.32 → $1.63
Operating margin
15.0% → 7.9%
Measured against FY2024, from the 10-K filed Nov 14, 2025
Deteriorated: -45.7%
$5.41B to $2.94BCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: -50.6%
$3.76B to $1.86BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
SBUX fell 0.29% on the latest quote. The average Consumer Discretionary company tracked here moved +2.30%, and the S&P 500 −1.04%. That is 2.6 points below its sector and 0.7 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 3.7% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 5 cents of every dollar of sales as profit, earning $1.86B last year.
Barely. Sales were roughly flat, up 2.8%.
No. At its current cash flow it could clear its debt in about 2.7 years. For every $1 it owes, it owns $0.80 in assets. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid out more than it earned — 149 cents for every dollar of profit. A payment above earnings has to be funded from somewhere else, so it is worth checking whether that can continue. It paid out 58% of the cash its operations generated. It has paid in each of the last 12 years.
WeakNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it earned $1.86B and generated $4.75B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Nov 14, 2025Filing for FY2025 | FY202410-K · Nov 20, 2024Filing for FY2024 | FY202310-K · Nov 17, 2023Filing for FY2023 | FY202210-K · Nov 18, 2022Filing for FY2022 | FY202110-K · Nov 19, 2021Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $37.18B | $36.18B | $35.98B | $32.25B | $29.06B | +2.8% |
| Selling, general and administrative | $2.62B | $2.52B | $2.44B | $2.03B | $1.93B | +3.7% |
| Operating income | $2.94B | $5.41B | $5.87B | $4.62B | $4.87B | −45.7% |
| Operating marginOperating income ÷ revenueWhat is this? | 7.9% | 15.0% | 16.3% | 14.3% | 16.8% | −7.1 pts |
| Interest expense | $542.6M | $562.0M | $550.1M | $482.9M | $469.8M | −3.5% |
| Income before tax | $2.51B | $4.97B | $5.40B | $4.23B | $5.36B | −49.5% |
| Net income | $1.86B | $3.76B | $4.12B | $3.28B | $4.20B | −50.6% |
| Net marginNet income ÷ revenueWhat is this? | 5.0% | 10.4% | 11.5% | 10.2% | 14.5% | −5.4 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $1.63 | $3.32 | $3.61 | $2.86 | $3.56 | −50.8% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 1,641 shares at $94.76 ($155.5K)
Holds 71,508 shares after this filing.
Had shares withheld to cover taxes — 1,454 shares at $96.58 ($140.4K)
Holds 56,353 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Announced restructuring or exit costs · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2026
Profit margin +5.3 pts · Profit +87.2% · Earnings per share +86.7% — against Q3 FY2025
Read the filingWrite down why you are following STARBUCKS CORP, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 6 subsidiaries named in its 10-K, incorporated across 5 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Source: Exhibit 21 of the 10-K filed 2025-11-14. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from SBUX's 10-K for fiscal year 2025 (period ending 2025-09-28, filed Nov 14, 2025), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 4.7 | 6/8 | 10-K, filed Nov 14, 2025 |
| FY2024 | 6.0 | 5/8 | 10-K, filed Nov 20, 2024 |
| FY2023 | 6.0 | 8/8 | 10-K, filed Nov 17, 2023 |
| FY2022 | 6.0 | 5/8 | 10-K, filed Nov 18, 2022 |
| FY2021 | 7.3 | 8/8 | 10-K, filed Nov 19, 2021 |
| FY2020 | 3.3 | 6/8 | 10-K, filed Nov 12, 2020 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
-1.02
In the distress zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: -50.8%
$3.32 to $1.63Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: −7.0 pts
15.0% to 7.9%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −5.4 pts
10.4% to 5.0%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -26.4%
$3.32B to $2.44BSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Changed: -17.0%
$2.78B to $2.31BSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Changed: +7.2%
$2.58B to $2.77BNotable
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Q3 FY2026 against Q3 FY2025, from the 10-Q filed Jul 29, 2026 — read it.
Improved: +87.2%
$558.3M to $1.05BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +86.7%
$0.49 to $0.92Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +5.3 pts
5.9% to 11.2%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: -19.2%
$14.57B to $11.78BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: -17.3%
$4.17B to $3.45BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q3 FY2026 against Q2 FY2026, from the 10-Q filed Jul 29, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +104.6%
$510.9M to $1.05BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +104.6%
$0.45 to $0.92Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +125.2%
$1.53B to $3.45BCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +18.4%
$828.1M to $980.4MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +5.9 pts
5.4% to 11.2%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +1.8 pts
8.7% to 10.5%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: -10.0%
$13.08B to $11.78BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
4 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
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Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 46.8x — a high multiple relative to the current trailing profit.
This company has not reported enough of the required figures to calculate this score.
Had shares withheld to cover taxes — 56,267 shares at $100.04 ($5.6M)
Holds 428,697 shares after this filing.
Sold on the open market — 2,229 shares at $105.60 ($235.4K)
Holds 73,149 shares after this filing.
Sold on the open market — 2,229 shares at $105.99 ($236.3K)
Holds 75,135 shares after this filing.
Sold on the open market — 2,229 shares at $104.00 ($231.8K)
Holds 77,364 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 588 shares ($58.8K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 1,641 shares ($155.5K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 2,229 shares ($235.4K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 2,229 shares ($236.3K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 2,229 shares ($231.8K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Published results
Had a director or senior officer leave or join
Read the filingReported another event
Read the filingAnnounced restructuring or exit costs
Read the filingQuarterly report for Q2 FY2026
Revenue +8.8% · Operating margin +1.8 pts · Cash -42.7% — against Q2 FY2025
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +5.5% · Operating margin −2.9 pts · Profit -62.4% — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2025
Operating margin −7.0 pts · Operating income -45.7% · Profit -50.6% — against FY2024
Read the filingMade a Regulation FD disclosure
Read the filingPublished results
Read the filingAnnounced restructuring or exit costs · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2025
Operating margin −6.8 pts · Profit -47.1% · Earnings per share -47.2% — against Q3 FY2024
Read the filingPublished results
Read the filingCoverage from the last 30 days
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