Net Profit Margin
since 2005
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Selected Financial Data since 2005
- Total Asset Turnover since 2005
- Analysis of Revenues
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Calculation
Starbucks Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings attributable to Starbucks1 | ÷ | Net revenues1 | |
|---|---|---|---|---|---|---|---|
| Sep 28, 2025 | = | 100 | × | ÷ | |||
| Sep 29, 2024 | = | 100 | × | ÷ | |||
| Oct 1, 2023 | = | 100 | × | ÷ | |||
| Oct 2, 2022 | = | 100 | × | ÷ | |||
| Oct 3, 2021 | = | 100 | × | ÷ | |||
| Sep 27, 2020 | = | 100 | × | ÷ | |||
| Sep 29, 2019 | = | 100 | × | ÷ | |||
| Sep 30, 2018 | = | 100 | × | ÷ | |||
| Oct 1, 2017 | = | 100 | × | ÷ | |||
| Oct 2, 2016 | = | 100 | × | ÷ | |||
| Sep 27, 2015 | = | 100 | × | ÷ | |||
| Sep 28, 2014 | = | 100 | × | ÷ | |||
| Sep 29, 2013 | = | 100 | × | ÷ | |||
| Sep 30, 2012 | = | 100 | × | ÷ | |||
| Oct 2, 2011 | = | 100 | × | ÷ | |||
| Oct 3, 2010 | = | 100 | × | ÷ | |||
| Sep 27, 2009 | = | 100 | × | ÷ | |||
| Sep 28, 2008 | = | 100 | × | ÷ | |||
| Sep 30, 2007 | = | 100 | × | ÷ | |||
| Oct 1, 2006 | = | 100 | × | ÷ | |||
| Oct 2, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).
1 US$ in thousands
The financial data exhibits notable fluctuations in net earnings, net revenues, and net profit margin over the periods observed.
- Net Earnings Attributable to Starbucks (US$ in thousands)
- Net earnings demonstrated an overall upward trend from 2005, starting at approximately 494 million USD, peaking in 2014 with roughly 2.07 billion USD, and reaching a maximum of about 4.52 billion USD in 2018. However, earnings exhibited significant volatility in certain years, particularly a sharp decline to 8.3 million USD in 2013, which represents an anomalous low compared to surrounding periods. After 2018, earnings again fluctuated, with a notable decline to approximately 928 million USD in 2020, likely influenced by external economic factors, before rebounding above 4 billion USD in 2021 and subsequently declining to around 1.86 billion USD by 2025.
- Net Revenues (US$ in thousands)
- Net revenues displayed a consistent growth trajectory throughout the period. Revenues increased steadily from about 6.37 billion USD in 2005 to over 37 billion USD by 2025. There were no significant declines, but moderate slowdowns in growth rates appear in some years, such as in the 2019-2020 timeframe where revenues decreased from approximately 26.5 billion USD to 23.5 billion USD, potentially reflecting market disruptions. The subsequent years show resumed growth, culminating in steady increases through the mid-2020s.
- Net Profit Margin (%)
- The net profit margin reflected considerable variability. Early years showed moderate margins around 7-8%, declining to a low of 0.06% in 2013, coinciding with the sharp drop in net earnings. The margin recovered strongly thereafter, reaching highs above 18% in 2018, indicating improved profitability relative to revenues. The margin then experienced oscillations, including a decline to under 5% in 2020, consistent with the dip in net earnings and revenues during that period. The margin improved post-2020 but did not return to the peak levels of earlier years, fluctuating between approximately 5% and 14% through 2025.
In summary, net revenues consistently grew over the analyzed timeframe, indicating expansion in sales and market presence. However, net earnings and profit margins showed periods of substantial volatility, impacted possibly by extraordinary events or operational challenges, especially around 2013 and 2020. The disparity between steady revenue growth and more variable profitability suggests shifts in cost structures, pricing strategies, or external economic conditions affecting overall financial performance.
Comparison to Competitors
Starbucks Corp., net profit margin, long-term trends, comparison to competitors
| Starbucks Corp. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | |
|---|---|---|---|---|---|---|
| Sep 28, 2025 | ||||||
| Sep 29, 2024 | ||||||
| Oct 1, 2023 | ||||||
| Oct 2, 2022 | ||||||
| Oct 3, 2021 | ||||||
| Sep 27, 2020 | ||||||
| Sep 29, 2019 | ||||||
| Sep 30, 2018 | ||||||
| Oct 1, 2017 | ||||||
| Oct 2, 2016 | ||||||
| Sep 27, 2015 | ||||||
| Sep 28, 2014 | ||||||
| Sep 29, 2013 | ||||||
| Sep 30, 2012 | ||||||
| Oct 2, 2011 | ||||||
| Oct 3, 2010 | ||||||
| Sep 27, 2009 | ||||||
| Sep 28, 2008 | ||||||
| Sep 30, 2007 | ||||||
| Oct 1, 2006 | ||||||
| Oct 2, 2005 |
Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).
Comparison to Sector (Consumer Services)
Starbucks Corp., net profit margin, long-term trends, comparison to sector (consumer services)
| Starbucks Corp. | Consumer Services | |
|---|---|---|
| Sep 28, 2025 | ||
| Sep 29, 2024 | ||
| Oct 1, 2023 | ||
| Oct 2, 2022 | ||
| Oct 3, 2021 | ||
| Sep 27, 2020 | ||
| Sep 29, 2019 | ||
| Sep 30, 2018 | ||
| Oct 1, 2017 | ||
| Oct 2, 2016 | ||
| Sep 27, 2015 | ||
| Sep 28, 2014 | ||
| Sep 29, 2013 | ||
| Sep 30, 2012 | ||
| Oct 2, 2011 | ||
| Oct 3, 2010 | ||
| Sep 27, 2009 | ||
| Sep 28, 2008 | ||
| Sep 30, 2007 | ||
| Oct 1, 2006 | ||
| Oct 2, 2005 |
Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).
Comparison to Industry (Consumer Discretionary)
Starbucks Corp., net profit margin, long-term trends, comparison to industry (consumer discretionary)
| Starbucks Corp. | Consumer Discretionary | |
|---|---|---|
| Sep 28, 2025 | ||
| Sep 29, 2024 | ||
| Oct 1, 2023 | ||
| Oct 2, 2022 | ||
| Oct 3, 2021 | ||
| Sep 27, 2020 | ||
| Sep 29, 2019 | ||
| Sep 30, 2018 | ||
| Oct 1, 2017 | ||
| Oct 2, 2016 | ||
| Sep 27, 2015 | ||
| Sep 28, 2014 | ||
| Sep 29, 2013 | ||
| Sep 30, 2012 | ||
| Oct 2, 2011 | ||
| Oct 3, 2010 | ||
| Sep 27, 2009 | ||
| Sep 28, 2008 | ||
| Sep 30, 2007 | ||
| Oct 1, 2006 | ||
| Oct 2, 2005 |
Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).