Is the business good?
How good a business is SBUX?
Starbucks Corporation keeps 7.8% of every revenue dollar as operating profit, against 8.6% for the median Restaurants name.
7.8%
Operating margin · Restaurants median 8.6% · 12 months to Q3 2026
- Cash conversion
- 1.84×
Cash conversion · 0.86× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +0.35%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 6.6% |
| FY2021 | 17% |
| FY2022 | 14% |
| FY2023 | 16% |
| FY2024 | 15% |
| FY2025 | 7.9% |
Details›
- Operating margin12 months to Q3 2026
- 7.8%
- Net margin12 months to Q3 2026
- 5.2%
- Free cash flow margin
- 9.5%
- Revenue, trailing twelve months
- $38.3B
- Free cash flow, trailing twelve months
- $3.64B
- Net income, trailing twelve months
- $1.98B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.