Return on Equity (ROE)
since 2005
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Starbucks Corp. pages available for free this week:
- Income Statement
- Balance Sheet: Assets
- Cash Flow Statement
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
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Calculation
Starbucks Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net earnings attributable to Starbucks1 | ÷ | Shareholders’ equity (deficit)1 | |
|---|---|---|---|---|---|---|---|
| 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 reveals notable fluctuations and trends in the company's performance over the examined periods.
- Net Earnings Attributable to Starbucks (in US$ thousands)
- The net earnings exhibit a general upward trajectory from 2005 to 2007, increasing from approximately 494 million to over 672 million. A significant decline appears in 2008, dropping to around 315 million, followed by a recovery and continued growth reaching a peak of approximately 4.5 billion in 2018. Thereafter, earnings show volatility with a sharp decrease in 2020 to 928 million, likely influenced by external factors, followed by a rebound in subsequent years, although not reaching previous highs.
- Shareholders’ Equity (Deficit) (in US$ thousands)
- Shareholders’ equity generally increased steadily from 2005 through 2014, peaking near 5.8 billion in 2015 and 2016. However, a pronounced decline began in 2017, with equity turning negative and reaching deficits well above 6 billion through to 2025. This downward trend suggests significant losses, equity reductions, or other balance sheet events adversely affecting net assets during this period.
- Return on Equity (ROE %)
- ROE followed an upward trend from about 24% in 2005 to a peak exceeding 52% in 2018, indicating strong profitability relative to equity during those years. Notably, in 2013 ROE nearly collapsed to near zero, coinciding with low net earnings and a temporarily high equity base. Exceptionally high ROE values above 300% occur in 2019, reflecting a possible anomaly tied to very low or negative equity denominators in the calculation. In later years, ROE data is unavailable, possibly due to the negative shareholders’ equity rendering the ratio less meaningful or undefined.
In summary, the company demonstrated robust earnings growth and profitability relative to equity across much of the first decade and early second decade. Nonetheless, the emergence of substantial negative equity and volatility in net income in the later years points to financial instability or restructuring impacts. The absence of ROE figures in recent years aligns with the deteriorated shareholders' equity position, signaling caution in assessing return metrics in this context.
Comparison to Competitors
Starbucks Corp., ROE, 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., ROE, 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., ROE, 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).