Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Starbucks

SBUX stock analysis · Consumer Discretionary · Restaurants

FY 2025-09-28ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$102.19HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$116.5B

Price × SEC outstanding shares. Shares measured 2026-04-22. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$32.54

Equity cash-flow scenario · SEC outstanding shares at 2026-04-22 · -68.2% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

35.0%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-64.3%

5 industry peers · median 22.4×

How this is calculated ↗
Valuation

Historical multiples

34.7×

7 annual observations · snapshot P/E 62.7× · 80.8% versus history

How this is calculated ↗
Valuation

Free cash flow yield

2.1%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

48.3%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

2.2%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

2.3%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-9.1%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

-2.8%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 6.1B2020-09-27: cfo $1,597,800,000.002020-09-27: capex $1,483,600,000.0020202021-10-03: cfo $5,989,100,000.002021-10-03: capex $1,470,000,000.0020212022-10-02: cfo $4,397,300,000.002022-10-02: capex $1,841,300,000.0020222023-10-01: cfo $6,008,700,000.002023-10-01: capex $2,333,600,000.0020232024-09-29: cfo $6,095,600,000.002024-09-29: capex $2,777,500,000.0020242025-09-28: cfo $4,747,500,000.002025-09-28: capex $2,305,500,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$40.82$44.54$48.54
10.0%$29.91$32.54$35.37
12.0%$23.60$25.61$27.76

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-09-2837.2B1.9B4.7B2.3B32B
2024-09-2936.2B3.8B6.1B2.8B31.3B
2023-10-0136B4.1B6B2.3B29.4B
2022-10-0232.3B3.3B4.4B1.8B28B
2021-10-0329.1B4.2B6B1.5B31.4B
2020-09-2723.5B924.7M1.6B1.5B29.4B
2019-09-2926.5B3.6B5B1.8B19.2B
2018-09-3024.7B4.5B11.9B2B24.2B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue37.2BRevenues2025-11-14
netIncome1.9BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2025-11-14
Parent/common earnings proxy1.9BNetIncomeLoss2025-11-14
cfo4.7BNetCashProvidedByUsedInOperatingActivities2025-11-14
capex2.3BPaymentsToAcquirePropertyPlantAndEquipment2025-11-14
operatingIncome2.9BOperatingIncomeLoss2025-11-14
assets32BAssets2025-11-14
equity-8.1BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2025-11-14
Parent book equity proxy-8.1BStockholdersEquity2025-11-14
debt16.1BLongTermDebt2025-11-14
shortDebtNot reported under a supported tag
cash3.2BCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents2025-11-14
shares1.1BWeightedAverageNumberOfDilutedSharesOutstanding2025-11-14
dividends2.8BPaymentsOfDividends2025-11-14
buybacks0PaymentsForRepurchaseOfCommonStock2025-11-14
issuance77MProceedsFromIssuanceOfCommonStock2025-11-14