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Starbucks

SBUX on Nasdaq. Starbucks sells coffee, tea, food, and other drinks to customers in stores. Market value $107.7bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to September 2025.

Should I look at this?

Good business, but not cheap right now

Why it could be worth it

What to watch out for

See cheaper Retail & consumer stocks on the list

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
3.3%fair

For every $100 of what the whole company costs, it produced $3.32 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
40.1×full

You pay 40.1 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to September 2025
103.7%five-year median

Each dollar kept in the business earns 104 cents a year. Above 10 is good.

Quality score: 79 of 100. Price score: 28 of 100. Our list needs 70 on quality and 60 on price.

$96.11 a share, 23% above its 1-year low

Over the past year the price has ranged from $77.99 to $110.51.

Dividend: 2.5% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

4.5
2.6
3.7
3.3
2.4
3.6
2021202220232024202512 monthsto Jun '26

Spare cash swings from quarter to quarter here: $3.6 billion in the past 12 months, $2.4 billion in the year to September 2025.

Revenue
$29.1bn$32.3bn$36.0bn$36.2bn$37.2bn
Operating margin
16.8%14.3%16.3%15.0%7.9%
Debt to equity
n/an/an/an/an/a
Shares outstanding
1.15bn1.15bn1.13bn1.14bn1.14bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)5 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • DebtUnknown
  • Revenue growth, five yearsSlow, 9.6% a year
  • Buying back its own sharesRoughly flat

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $9.3 billion last quarter, down 1% on a year ago.
  • Profit: $1 billion, up 87% on a year ago.
  • It keeps 8 cents of each $1 of sales as operating profit, down from 11 cents a year earlier.
  • Spare cash over the past 12 months: $3.6 billion, up from $2.3 billion.
  • About the same number of shares as a year ago.
  • Debt is $9.8 billion more than cash, down from $13.1 billion a year ago.
  • Sales grew on a year ago in 3 of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$9.1bn
December 2024$9.4bn
March 2025$8.8bn
June 2025$9.5bn
September 2025$9.6bn
December 2025$9.9bn
March 2026$9.5bn
June 2026$9.3bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$909m
December 2024$781m
March 2025$384m
June 2025$558m
September 2025$133m
December 2025$293m
March 2026$511m
June 2026$1.0bn

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
28 October 2026
Last annual report (10-K)
14 November 2025
Next quarterly (estimated, 10-Q)
28 October 2026

Who owns it

11 long-term investors we follow own it, down from 12 last quarter. 2,387 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

3 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $994,500 of shares on the open market. 2 sold $2m, $2m of it under preset trading plans.

  • BREWER BRADY
    ceo, International
    Sold
    under a preset trading plan
    Date
    4 September 2026
    Shares
    2,229
    Price
    $105.60
    Value
    $235,382
  • BREWER BRADY
    ceo, International
    Sold
    under a preset trading plan
    Date
    5 August 2026
    Shares
    2,229
    Price
    $105.99
    Value
    $236,252
  • BREWER BRADY
    ceo, International
    Sold
    under a preset trading plan
    Date
    6 July 2026
    Shares
    2,229
    Price
    $104.00
    Value
    $231,816
  • BREWER BRADY
    ceo, International
    Sold
    under a preset trading plan
    Date
    11 June 2026
    Shares
    588
    Price
    $100.00
    Value
    $58,800
  • BREWER BRADY
    ceo, International
    Sold
    under a preset trading plan
    Date
    5 June 2026
    Shares
    1,641
    Price
    $94.33
    Value
    $154,796
  • BREWER BRADY
    ceo, International
    Sold
    under a preset trading plan
    Date
    5 May 2026
    Shares
    2,229
    Price
    $104.81
    Value
    $233,621
  • KELLY SARA
    evp, chief partner officer
    Sold
    under a preset trading plan
    Date
    29 April 2026
    Shares
    2,000
    Price
    $105.00
    Value
    $210,000
  • BREWER BRADY
    ceo, International
    Sold
    under a preset trading plan
    Date
    17 April 2026
    Shares
    588
    Price
    $100.00
    Value
    $58,800
  • BREWER BRADY
    ceo, International
    Sold
    under a preset trading plan
    Date
    6 April 2026
    Shares
    1,641
    Price
    $90.00
    Value
    $147,690
  • BREWER BRADY
    ceo, International
    Sold
    under a preset trading plan
    Date
    9 March 2026
    Shares
    588
    Price
    $100.00
    Value
    $58,800

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

  • It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
  • It isn't cheap on profits: 40.1× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
Create a free account to run it

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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.