SB
Starbucks Corp
SBUX—
Starbucks Corp AI Insights
Informational only. Not investment advice.Snapshot
- Negative equity of -8.1B with 26.6B total debt TTM - aggressive buybacks have consumed all book value, creating structural leverage risk[Common Stockholders Equity]
- Operating margin 9.6% TTM vs industry median 5.1% - nearly 2x advantage despite turnaround challenges[Operating Margin]
- FCF of 2.4B TTM covers 2.8B dividends at 0.87x - payout exceeds cash generation, unsustainable without improvement[Free Cash Flow]
Watch Triggers
- Operating Margin: Sustained above 11% for 2+ quarters — Would signal turnaround gaining traction and path to historical 15% margins
- Free Cash Flow: Falls below 2B TTM or dividend coverage <1x — Would force dividend cut or additional debt, damaging equity story
- Interest Expense: Rises above 600M TTM — Refinancing risk at higher rates would compress already thin margins
Bull Case
Brand moat with 37B TTM revenue (54x industry median) and 9.6% operating margin creates durable cash generation even in downturn
Total RevenueOperating Margin
4.7B operating cash flow TTM at 12.7% of revenue funds turnaround without additional debt despite negative equity
Cash FlowTotal Debt
Bear Case
26.6B debt at 5.5x EBITDA with negative equity means no margin for error - interest expense of 543M TTM consumes 15% of operating income
Total DebtInterest ExpenseEBITDA
P/E of 37.7x vs industry median 19.3x prices in turnaround success - 755M restructuring charges signal execution risk remains
PE RatioRestructuring and M&A
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
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Forward Thesis
Margin recovery to 12%+ operating margin would unlock 25%+ EPS growth from current depressed base
1-3ymed
- New CEO turnaround initiatives targeting labor efficiency
- Menu simplification reducing operational complexity
- China recovery as macro stabilizes
Operating margin 9.6% TTM vs historical 15%+ peak755M restructuring charges TTM signal active cost cutsAsset turnover 1.17x shows productive store base
Valuation Context
Caveats
Public Strategies Rankings
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SBUX Fundamentals
Accommodation and Food Services → Food Services and Drinking Places
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$97.08B | — | ||
$120.47B | — | ||
38 | — | ||
$37.18B | +2.8% | — | |
$2.21 | -33.2% | — | |
9.63% | -4.5% | — | |
4.99% | -5.4% | — | |
$2.44B | -26.4% | — | |
0.00 | — | ||
Beta 5Y (Monthly) | unknown | — |
SBUX Dividend History
64 dividends
02/27/26$0.6200
11/28/25$0.6200
08/29/25$0.6100
05/30/25$0.6100
02/28/25$0.6100
11/29/24$0.6100
08/30/24$0.5700
05/31/24$0.5700
02/23/24$0.5700
11/24/23$0.5700
08/25/23$0.5300
05/26/23$0.5300
02/24/23$0.5300
11/25/22$0.5300
08/26/22$0.4900
05/27/22$0.4900
02/25/22$0.4900
11/26/21$0.4900
08/27/21$0.4500
05/28/21$0.4500
03/05/21$0.4500
11/27/20$0.4500
08/21/20$0.4100
05/22/20$0.4100
02/21/20$0.4100
11/29/19$0.4100
08/23/19$0.3600
05/24/19$0.3600
02/22/19$0.3600
11/30/18$0.3600
08/24/18$0.3600
05/25/18$0.3000
02/23/18$0.3000
12/01/17$0.3000
08/25/17$0.2500
05/26/17$0.2500
02/24/17$0.2500
12/02/16$0.2500
08/19/16$0.2000
05/20/16$0.2000
02/19/16$0.2000
11/27/15$0.2000
08/21/15$0.1600
05/22/15$0.1600
02/20/15$0.1600
11/28/14$0.1600
08/22/14$0.1300
05/23/14$0.1300
02/21/14$0.1300
11/29/13$0.1300
08/23/13$0.1050
05/24/13$0.1050
02/22/13$0.1050
11/30/12$0.1050
08/24/12$0.0850
05/25/12$0.0850
02/24/12$0.0850
12/02/11$0.0850
08/26/11$0.0650
05/27/11$0.0650
02/25/11$0.0650
12/03/10$0.0650
08/20/10$0.0650
04/23/10$0.0500
SBUX Stock Splits
3 stock splits
04/09/151:2 split
10/24/050.5:1 split
04/30/010.5:1 split
SBUX SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/14/25 | 09/28/25 | 10-K | |
07/29/25 | 06/29/25 | 10-Q | |
04/29/25 | 03/30/25 | 10-Q | |
01/28/25 | 12/29/24 | 10-Q | |
11/20/24 | 09/29/24 | 10-K | |
07/30/24 | 06/30/24 | 10-Q | |
04/30/24 | 03/31/24 | 10-Q | |
01/30/24 | 12/31/23 | 10-Q | |
11/17/23 | 10/01/23 | 10-K | |
08/01/23 | 07/02/23 | 10-Q | |
05/02/23 | 04/02/23 | 10-Q | |
02/02/23 | 01/01/23 | 10-Q | |
11/18/22 | 10/02/22 | 10-K | |
08/02/22 | 07/03/22 | 10-Q | |
05/03/22 | 04/03/22 | 10-Q | |
02/01/22 | 01/02/22 | 10-Q | |
11/19/21 | 10/03/21 | 10-K | |
07/27/21 | 06/27/21 | 10-Q | |
04/27/21 | 03/28/21 | 10-Q | |
01/26/21 | 12/27/20 | 10-Q | |
11/12/20 | 09/27/20 | 10-K | |
07/28/20 | 06/28/20 | 10-Q | |
04/28/20 | 03/29/20 | 10-Q | |
01/28/20 | 12/29/19 | 10-Q | |
11/15/19 | 09/29/19 | 10-K | |
07/30/19 | 06/30/19 | 10-Q | |
04/30/19 | 03/31/19 | 10-Q | |
01/29/19 | 12/30/18 | 10-Q | |
11/16/18 | 09/30/18 | 10-K | |
07/31/18 | 07/01/18 | 10-Q | |
05/01/18 | 04/01/18 | 10-Q | |
01/31/18 | 12/31/17 | 10-Q | |
11/17/17 | 10/01/17 | 10-K | |
08/01/17 | 07/02/17 | 10-Q | |
05/02/17 | 04/02/17 | 10-Q | |
01/31/17 | 01/01/17 | 10-Q | |
11/18/16 | 10/02/16 | 10-K | |
07/27/16 | 06/26/16 | 10-Q | |
04/26/16 | 03/27/16 | 10-Q | |
01/26/16 | 12/27/15 | 10-Q | |
11/12/15 | 09/27/15 | 10-K | |
07/28/15 | 06/28/15 | 10-Q | |
04/28/15 | 03/29/15 | 10-Q | |
01/27/15 | 12/28/14 | 10-Q | |
11/14/14 | 09/28/14 | 10-K | |
07/29/14 | 06/29/14 | 10-Q | |
04/29/14 | 03/30/14 | 10-Q | |
01/28/14 | 12/29/13 | 10-Q | |
11/18/13 | 09/29/13 | 10-K | |
07/30/13 | 06/30/13 | 10-Q | |
04/30/13 | 03/31/13 | 10-Q | |
01/29/13 | 12/30/12 | 10-Q | |
11/16/12 | 09/30/12 | 10-K | |
08/02/12 | 07/01/12 | 10-Q | |
05/02/12 | 04/01/12 | 10-Q | |
01/31/12 | 01/01/12 | 10-Q | |
11/18/11 | 10/02/11 | 10-K | |
08/05/11 | 07/03/11 | 10-Q | |
05/06/11 | 04/03/11 | 10-Q | |
02/04/11 | 01/02/11 | 10-Q | |
11/22/10 | 10/03/10 | 10-K | |
08/02/10 | 06/27/10 | 10-Q | |
05/04/10 | 03/28/10 | 10-Q | |
02/02/10 | 12/27/09 | 10-Q | |
11/20/09 | 09/27/09 | 10-K | |
08/05/09 | 06/30/09 | 10-Q | |
05/06/09 | 03/31/09 | 10-Q | |
02/04/09 | 12/31/08 | Unknown | -- |
11/24/08 | 09/30/08 | Unknown | -- |
08/06/08 | 06/30/08 | 11-K | |
05/08/08 | 03/31/08 | 10-Q | |
02/08/08 | 12/31/07 | Unknown | -- |
11/29/07 | 09/30/07 | 10-K | |
08/10/07 | 06/30/07 | 11-K | |
05/11/07 | 03/30/07 | Unknown | -- |
02/09/07 | 12/31/06 | 10-Q | |
12/14/06 | 09/30/06 | Unknown | -- |
08/11/06 | 06/30/06 | 11-K | |
05/12/06 | 03/30/06 | Unknown | -- |
02/10/06 | 12/31/05 | Unknown | -- |
12/16/05 | 09/30/05 | Unknown | -- |
08/10/05 | 06/30/05 | 11-K | |
05/10/05 | 03/31/05 | 8-K | |
02/16/05 | 12/31/04 | Unknown | -- |
12/10/04 | 09/30/04 | Unknown | -- |
08/06/04 | 06/30/04 | 11-K | |
05/06/04 | 03/31/04 | DEF 14A | |
02/04/04 | 12/31/03 | Unknown | -- |
12/23/03 | 09/30/03 | Unknown | -- |
08/08/03 | 06/30/03 | 11-K | |
05/13/03 | 03/31/03 | 10-Q | |
02/12/03 | 12/31/02 | Unknown | -- |
12/20/02 | 09/30/02 | Unknown | -- |
08/14/02 | 06/30/02 | 10-Q | |
05/15/02 | 03/30/02 | Unknown | -- |
02/13/02 | 12/31/01 | Unknown | -- |
12/20/01 | 09/30/01 | 10-K | |
08/15/01 | 06/30/01 | Unknown | -- |
05/16/01 | 03/30/01 | Unknown | -- |
02/14/01 | 12/31/00 | 10-Q | |
12/22/00 | 09/30/00 | Unknown | -- |
08/16/00 | 06/30/00 | 11-K | |
05/17/00 | 03/30/00 | Unknown | -- |