SBUX
Starbucks Corporation
SBUX's fundamentals are strong, but it looks expensive: trading at 49x earnings, above its usual 33x. Analysts expect strong earnings growth, though they disagree widely on how much.
SBUX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
SBUX's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
SBUX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 25x | $54.72 | -49% |
| Fair | 32x | $71.35 | -33% |
| Forward | 33x | $107 | — |
| Current | 49x | $107 | — |
| Expensive | 78x | $172 | +60% |
Historical ranges are pointers, not guarantees.
SBUX's PE is in its expensive range at 49x. If earnings grow as analysts expect, today's price would be 33x next year's earnings, in its fair range.
SBUX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect SBUX's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
SBUX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.23 | +46% |
| Q3 2026 | $2.21 | +36% |
| Q2 2026 | $1.73 | -25% |
| Q1 2026 | $1.31 | -53% |
| Q4 2025 | $1.20 | -61% |
| Q3 2025 | $1.63 | -51% |
| Q2 2025 | $2.32 | -35% |
| Q1 2025 | $2.76 | -24% |
| Q4 2024 | $3.10 | -17% |
SBUX's earnings per share have fallen from their peak: $2.21 over the past year, against $3.74 in late 2023.
SBUX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $9.1B | -4.5% |
| Q2 2026 | $9.3B | -1.4% |
| Q1 2026 | $9.5B | +8.8% |
| Q4 2025 | $9.9B | +5.5% |
| Q3 2025 | $9.6B | +5.5% |
| Q2 2025 | $9.5B | +3.8% |
| Q1 2025 | $8.8B | +2.3% |
| Q4 2024 | $9.4B | -0.3% |
SBUX's revenue grew through 2023 and has held roughly level since: $9.1B last quarter, down 4.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +7.9 points |
| Q2 2026 | 11% | +0.6 points |
| Q1 2026 | 8.7% | +1.8 points |
| Q4 2025 | 9% | -3 points |
| Q3 2025 | 2.9% | -12 points |
| Q2 2025 | 9.9% | -6.8 points |
| Q1 2025 | 6.9% | -6 points |
| Q4 2024 | 12% | -3.8 points |
SBUX's operating margin was 11% last quarter, up 7.9 points from the same quarter a year ago.
SBUX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1B | +8.9% |
| Q2 2026 | $1.4B | +211% |
| Q1 2026 | $91.8M | +$389M |
| Q4 2025 | $1.3B | -7.6% |
| Q3 2025 | $925.8M | +26% |
| Q2 2025 | $434.3M | -54% |
| Q1 2025 | -$297.2M | -$144.1M |
| Q4 2024 | $1.4B | -23% |
SBUX generated $3.7B in free cash flow over the past year, up 53% from the year before.
SBUX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -400K shares |
| 1 year | +0.3% | +3.6M shares |
| 3 years | -0.7% | -7.9M shares |
| 5 years | -3.6% | -42.1M shares |
| Available history | -4% | -47.6M shares |
SBUX has 1.1B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | $1.3B |
SBUX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.8x | Healthy |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 2.3x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 1.8x | Healthy |
SBUX's net debt is about 1.8 years of its operating earnings (EBITDA), down from 2.8 years a year ago.
SBUX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.1 | Neutral |
| Stochastic | 75.9 | Neutral |
SBUX's weekly RSI is 59 (neutral) and its Stochastic is 76 (neutral).
SBUX PE vs Consumer Cyclical Sector
| Metric | SBUX | Sector median | Relative |
|---|---|---|---|
| PE | 49x | 18x | 169% above |
| PE % | 70 | 47 | 23 pts above |
SBUX is trading at 49x earnings, a 169% premium to the Consumer Cyclical sector's median of 18x.
SBUX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $99.4 | 7.9% above |
| 20 week MA | $102.3 | 4.8% above |
| 50 week MA | $98.4 | 9% above |
| 100 week MA | $94.8 | 13% above |
| 200 week MA | $94.9 | 13% above |
SBUX has climbed back above all five of its weekly moving averages, and it's now 13% above its 200-week average.
SBUX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.1 | $102.0 | +16% |
| 2021 | $102.0 | $112.4 | +10% |
| 2022 | $112.4 | $98.3 | -13% |
| 2023 | $98.3 | $96.0 | -2.3% |
| 2024 | $96.0 | $92.3 | -3.9% |
| 2025 | $92.3 | $85.1 | -7.8% |
| 2026 YTD | $85.1 | $107.3 | +26% |
SBUX has finished four years in a row lower, and it's up 26% so far in 2026.