Stock Analysis on Net
Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

Starbucks Corp., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Operating income (loss)1 ÷ Net revenues1
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: 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

Operating Income (Loss)
The operating income demonstrates considerable fluctuations over the observed period. Initially, there is a general upward trend from 780,615 thousand USD in 2005 to a peak of 1,997,400 thousand USD in 2012. However, an anomalous negative figure appears in 2013 with a loss of 325,400 thousand USD, indicating operational difficulties or extraordinary expenses in that year. Following this, the operating income sharply recovers and continues to increase, reaching 5,871,800 thousand USD in 2023 before slightly declining to 5,408,800 thousand USD in 2024. The overall pattern suggests strong operational growth interspersed with episodic setbacks.
Net Revenues
Net revenues depict a consistent upward trajectory throughout the period, growing from 6,369,300 thousand USD in 2005 to 36,176,200 thousand USD in 2024. A few fluctuations are observed, notably a dip in 2009 following the 2008 levels, and another decline in 2020, likely influenced by external factors impacting sales or market conditions. However, the general trend displays robust revenue growth, with particularly strong gains post-2015, reflecting expansion or increased market penetration.
Operating Profit Margin
The operating profit margin exhibits variability alongside net revenues and operating income. Starting at 12.26% in 2005, there is a gradual decline to 4.85% in 2008, correlating with the reduced operating income and revenue dip around that period. Margins then improve significantly, peaking near 19.57% in 2016. The exceptional negative margin in 2013 (-2.19%) corresponds with the reported operating loss, indicating operational inefficiencies or unusual charges during that year. Post-2016, margins remain relatively stable, oscillating between approximately 14% and 18%, with a notable dip to 6.64% in 2020 coinciding with a decline in revenues, before recovering in subsequent years.
Overall Insights
The financial trends indicate that despite periodic disruptions, the entity achieves sustained revenue growth and maintains generally strong profitability. The negative margin and operating loss in 2013 stand out as significant anomalies, followed by rapid recovery and resumed growth. The dip observed in 2020 across all metrics suggests impact from extraordinary external events. The resilience and subsequent resurgence of operating income and margins after downturn years highlight effective management and operational adaptability over the long term.

Comparison to Competitors

Starbucks Corp., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
Starbucks Corp. Airbnb Inc. Booking Holdings Inc. Chipotle Mexican Grill Inc. McDonald’s Corp.
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: 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).