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Starbucks SBUX Net margin

Net margin at other companies

McDonald's logo
McDonald'sMCD
31.6%-0.1pp
Chipotle Mexican Grill logo
Chipotle Mexican GrillCMG
12%-1.6pp
Keurig Dr Pepper logo
Keurig Dr PepperKDP
10.8%+0.2pp
Restaurant Brands International logo
Restaurant Brands InternationalQSR
13.5%-1.7pp
Casey's General Stores logo
Casey's General StoresCASY
3.8%+0.4pp
PepsiCo logo
PepsiCoPEP
9.1%-1.1pp

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$113.76B-8.4%
Enterprise value$136.62B-7.3%
P/E76.1×+36.4×
P/S-0.5×

Profitability

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Gross margin72.3%
Operating margin7.6%-4.9pp

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.

Based on trailing twelve months.

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 net margin?
Starbucks (SBUX) reported net margin of 3.9% in Q1 2026.
How has Starbucks's net margin changed year-over-year?
Starbucks's net margin decreased by 54.8% year-over-year, from 8.6% to 3.9%.
What is the long-term trend for Starbucks's net margin?
Over 4 years (2021 to 2025), Starbucks's net margin has grown at a -1.1% compound annual growth rate (CAGR), from 31.9% to 30.5%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.