SBUX$98.3360

Starbucks Corp

Restaurants & BarsVerified

Score breakdown

Valuation+6Profitability+21Sentiment+30Risk penalty-3Missing signals-1

Quality breakdown

Key fields100Profile38Conclusion97AI synthesis40Observations23

Starbucks Corp has a negative total equity of -$8.097 billion and a debt-to-equity ratio of -1.99, indicating a leveraged capital structure with liabilities exceeding assets [doc:HA-latest]. Despite this, the company maintains $3.22 billion in cash and equivalents, though its free cash flow is negative at -$1.449 billion, driven by capital expenditures of -$2.306 billion [doc:HA-latest]. The liquidity risk is rated as medium, with net cash negative after subtracting total debt [doc:HA-latest]. Profitability metrics show a return on assets of 5.8%, but a negative return on equity of -22.93%, reflecting the impact of its negative equity position [doc:HA-latest]. Operating income of $2.937 billion and a gross profit of $8.569 billion suggest strong core operations, though the company's valuation multiples are elevated, with a price-to-earnings ratio of 60.37 and an EV/EBITDA of 42.54 [doc:HA-latest]. The company's revenue is split across three segments: North America, International, and Channel Development. The North America and International segments include both Company-operated and licensed stores, while the Channel Development segment operates under a licensed model with Nestle and other partners [doc:HA-latest]. Revenue concentration is not explicitly disclosed, but the Channel Development segment's reliance on partnerships introduces potential exposure to counterparty performance. Outlook data indicates a current FY revenue of $37.184 billion, with no specific next FY revenue provided. Analysts project a mean price target of $101.73, suggesting a potential upside from the current market price of $98.33 [doc:HA-latest]. The company's growth trajectory is supported by its international expansion and licensed product partnerships, though capital expenditures remain a drag on free cash flow. Risk factors include medium liquidity risk and a negative equity position, which could pressure the company's financial flexibility. Dilution risk is rated as low, with no near-term pressure expected [doc:HA-latest]. The company's capital structure and leverage position are key areas to monitor for potential dilution or refinancing needs. Recent events include the continued expansion of its international operations and the maintenance of its licensed partnerships. No specific recent filings or transcripts are provided in the input data, but the company's ongoing capital expenditures and debt position suggest a focus on growth and operational expansion [doc:HA-latest].

Profile

CompanyStarbucks Corp

TickerSBUX.O

SectorConsumer Cyclicals

BusinessCyclical Consumer Services

Industry groupCyclical Consumer Services

IndustryRestaurants & Bars

AI analysis

Business. Starbucks Corp is a global roaster, marketer, and retailer of specialty coffee, operating through North America, International, and Channel Development segments, with the latter including licensed products and partnerships such as the Global Coffee Alliance with Nestle [doc:HA-latest].

Classification. Starbucks is classified under industry Restaurants & Bars within the Cyclical Consumer Services business sector, with a confidence level of 0.92 based on verified market data.

Key takeaways

Starbucks Corp has a leveraged capital structure with liabilities exceeding assets, but maintains a significant cash reserve.
The company's profitability is strong in terms of operating income and gross profit, but its negative equity position impacts return on equity.
The Channel Development segment is a key growth driver, relying on partnerships such as the Global Coffee Alliance with Nestle.
Analysts project a potential upside in the stock price, with a mean price target of $101.73.
The company faces medium liquidity risk and a negative equity position, which could affect its financial flexibility.
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Financial snapshot

PeriodHA-latest

CurrencyUSD

Revenue$37.18B

Gross profit$8.57B

Operating income$2.94B

Net income$1.86B

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$4.75B

CapEx-$2.31B

Free cash flow-$1.45B

Total assets$32.02B

Total liabilities$40.12B

Total equity-$8.10B

Cash & equivalents$3.22B

Long-term debt$16.07B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$37.18B$2.94B$1.86B-$1.45B

FY-1$36.18B$5.41B$3.76B-$7.8M

FY-2$35.98B$5.87B$4.12B$809.6M

FY-3$32.25B$4.62B$3.28B$708.2M

FY-4$29.06B$5.74B$4.20B$2.14B

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$32.02B-$8.10B$3.22B—

FY-1$31.34B-$7.45B$3.29B—

FY-2$29.45B-$7.99B$3.55B—

FY-3$27.98B-$8.71B$2.82B—

FY-4$31.39B-$5.32B$6.46B—

PeriodOCFCapExFCFSBC

FY0$4.75B-$2.31B-$1.45B—

FY-1$6.10B-$2.78B-$7.8M—

FY-2$6.01B-$2.33B$809.6M—

FY-3$4.40B-$1.84B$708.2M—

FY-4$5.99B-$1.47B$2.14B—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$9.53B$828.1M$510.9M-$79.0M

FQ-1$9.92B$890.8M$293.3M-$303.7M

FQ-2$9.57B$278.2M$133.2M-$560.1M

FQ-3$9.46B$935.6M$558.3M-$254.1M

FQ-4$8.76B$601.0M$384.2M-$462.8M

FQ-5$9.40B$1.12B$780.8M-$171.7M

FQ-6$9.07B$1.31B$909.2M-$133.2M

FQ-7$9.11B$1.52B$1.05B$93.3M

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$30.56B-$8.47B$1.53B—

FQ-1$32.23B-$8.39B$3.41B—

FQ-2$32.02B-$8.10B$3.22B—

FQ-3$33.65B-$7.69B$4.17B—

FQ-4$31.63B-$7.62B$2.67B—

FQ-5$31.89B-$7.47B$3.67B—

FQ-6$31.34B-$7.45B$3.29B—

FQ-7$30.11B-$7.95B$3.18B—

PeriodOCFCapExFCFSBC

FQ0$1.39B-$596.4M-$79.0M—

FQ-1$1.25B-$323.7M-$303.7M—

FQ-2$4.75B-$2.31B-$560.1M—

FQ-3$3.37B-$1.85B-$254.1M—

FQ-4$2.36B-$1.28B-$462.8M—

FQ-5$2.07B-$692.9M-$171.7M—

FQ-6$6.10B-$2.78B-$133.2M—

FQ-7$4.56B-$1.98B$93.3M—

Valuation

Market price$98.33

Market cap$112.07B

Enterprise value$124.92B

P/E60.4

Reported non-GAAP P/E—

EV/Revenue3.4

EV/Op income42.5

EV/OCF26.3

P/B—

P/Tangible book—

Tangible book-$8.10B

Net cash-$12.86B

Current ratio—

Debt/Equity-2.0

ROA5.8%

ROE-22.9%

Cash conversion2.6%

CapEx/Revenue-6.2%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Restaurants & Bars · cohort 3 companies

MetricSBUXActivity

Op margin7.9%31.3% medp25 27.3% · p75 38.7%bottom quartile

Net margin5.0%25.4% medp25 22.2% · p75 28.6%bottom quartile

Gross margin23.0%53.4% medp25 32.5% · p75 67.0%bottom quartile

CapEx / revenue-6.2%4.5% medp25 3.7% · p75 8.5%bottom quartile

Debt / equity-199.0%-162.1% medp25 -1197.0% · p75 101.3%below median

Observations

IR observations

Mean price target101.73 USD

Median price target101.00 USD

High price target130.00 USD

Low price target74.00 USD

Mean recommendation2.56 (1=strong buy, 5=strong sell)

Strong-buy count7.00

Buy count11.00

Hold count20.00

Sell count4.00

Strong-sell count1.00

Mean EPS estimate2.30 USD

Last actual EPS2.13 USD

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-01 03:27 UTC#aaa15f99

Market quoteclose USD 98.33 · shares 1.14B diluted

no public URL

2026-05-01 03:27 UTC#e49f8ad0

Source: analysis-pipeline (hybrid)Generated: 2026-05-01 03:28 UTCJob: 99dbc7c9