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Starbucks SBUX Invested capital

Discontinued — last reported Q2 '26

Invested capital at other companies

Tenet Healthcare logo
Tenet HealthcareTHC
$148M0.0%
Encompass Health Corporation logo
Encompass Health CorporationEHC
$1.3M
Tenet Healthcare logo
Tenet HealthcareTHC
$135M+17.4%
Tenet Healthcare logo
Tenet HealthcareTHC
$143M-27.8%
American Healthcare REIT logo
American Healthcare REITAHR
$5.07B+34.4%
American Healthcare REIT logo
American Healthcare REITAHR

Other financials

Income statement

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Revenue$9.5B+8.8%
Operating income$828.1M+37.8%
Net income$510.9M+33.0%
EPS (diluted)$0.45+32.4%

Balance sheet

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Cash & equivalents$1.5B-42.7%
Total debt$24.4B-6.2%
Total equity-$8.5B-11.1%
Total assets$30.6B-3.4%

Cash flow

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Operating cash flow$364.5M+24.8%
CapEx$272.7M-53.7%
Free cash flow$91.8M

Valuation

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Market cap$114.71B-8.4%
Enterprise value$137.57B-7.3%
P/E76.7×+36.7×
P/S-0.5×

Profitability

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Gross margin72.3%
Operating margin7.6%-4.9pp
Net margin3.9%-4.7pp
FCF margin7.1%

Returns & leverage

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Return on equity136.5%
Debt / equity7.8×
Current ratio0.9×+0.3×

Where this comes from

Calculated from Starbucks’s reported figures.

The official record: Starbucks’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Starbucks's invested capital?
Starbucks (SBUX) reported invested capital of $14.39B in Q1 2026.
How has Starbucks's invested capital changed year-over-year?
Starbucks's invested capital decreased by 8.4% year-over-year, from $15.72B to $14.39B.
What is the long-term trend for Starbucks's invested capital?
Over 5 years (2020 to 2025), Starbucks's invested capital has grown at a 5.2% compound annual growth rate (CAGR), from $11.85B to $15.3B.
What does invested capital mean?
The capital — debt plus equity, net of idle cash — that funds the operating business.
How do you interpret invested capital?
A level, read mainly through ROIC (NOPAT ÷ invested capital). Growing invested capital is only good if returns on it stay above the cost of capital.
How does invested capital compare across companies?
Used as the base for ROIC; the definition is sector-sensitive, so banks and insurers are best excluded.