STARBUCKS CORP
SBUX · Retail-Eating & Drinking Places · 1.14B shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $682M (gross $984M, SBC $303M)
Reference price $100.00 · est. market cap ~$114.0B — last insider sale, 2026-06-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B75Wide-moat global coffee franchise with elite ROIC and strong cash generation, but in a clear restructuring/deterioration year.
Strengths
- Dominant brand with ROIC 35.8% (97.6th pct), $2.4B FCF (95th pct) and net margin in the 80th pct
- Diversified global footprint (89 markets) and durable pricing power underpin long-run cash flow
Risks
- Operating margin compressed 710bps to 7.9% and net income fell ~51% on restructuring and comp-sales declines
- Negative ROE is a buyback/negative-equity artifact, but soft transactions and China uncertainty are real headwinds
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
7.9%
Net margin
5.0%
Return on equity
-22.9%
Return on assets
5.8%
ROIC
35.8%
Revenue growth (QoQ)
-3.9%
Net-income growth
-50.6%
Debt / equity
-1.8×
Interest coverage
5.4×
Current ratio
0.7×
Free cash flow
$2.4B
EBITDA
$4.7B
Tangible book value
-$11.6B
Stock comp / revenue
0.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | KELLY SARA | Tax withheld | 316 | $101.59 |
| 2026-06-11 | BREWER BRADY | Sell | 588 | $100.00 |
| 2026-06-05 | BREWER BRADY | Sell | 1.6K | $94.33 |
| 2026-05-05 | BREWER BRADY | Sell | 2.2K | $104.81 |
| 2026-04-29 | KELLY SARA | Sell | 2.0K | $105.00 |
| 2026-04-17 | BREWER BRADY | Sell | 588 | $100.00 |
| 2026-04-06 | BREWER BRADY | Sell | 1.6K | $90.00 |
| 2026-03-25 | KNUDSTORP JORGEN VIG | Grant | 4.7K | — |
| 2026-03-25 | Campion Andrew | Grant | 4.1K | — |
| 2026-03-25 | ALLISON RICHARD E JR | Grant | 4.0K | — |
| 2026-03-25 | FORD BETH | Grant | 3.9K | — |
| 2026-03-25 | Zhang Wei | Grant | 3.7K | — |
| 2026-03-25 | SIEVERT G MICHAEL | Grant | 3.7K | — |
| 2026-03-25 | SERVITJE DANIEL | Grant | 3.7K | — |
| 2026-03-25 | Moyo Dambisa F | Grant | 2.3K | — |
| 2026-03-25 | Mohan Neal | Grant | 3.7K | — |
| 2026-03-25 | MAYER MARISSA A | Grant | 3.7K | — |
| 2026-03-24 | Smith Cathy R | Tax withheld | 2.2K | $91.98 |
| 2026-03-23 | KNUDSTORP JORGEN VIG | Tax withheld | 355 | $93.83 |
| 2026-03-17 | GRAMS MICHAEL DAVID | Tax withheld | 989 | $97.57 |
| 2026-03-09 | BREWER BRADY | Sell | 588 | $100.00 |
| 2026-03-05 | KELLY SARA | Sell | 2.5K | $97.12 |
| 2026-03-05 | BREWER BRADY | Sell | 1.6K | $97.12 |
| 2025-11-19 | KELLY SARA | Tax withheld | 1.0K | $83.68 |
| 2025-11-19 | Niccol Brian R | Tax withheld | 12K | $83.68 |
| 2025-11-19 | BREWER BRADY | Tax withheld | 1.4K | $83.68 |
| 2025-11-19 | Smith Cathy R | Tax withheld | 1.9K | $83.68 |
| 2025-11-18 | KELLY SARA | Tax withheld | 2.0K | $83.33 |
| 2025-11-18 | BREWER BRADY | Tax withheld | 4.4K | $83.33 |
| 2025-11-14 | KELLY SARA | Tax withheld | 603 | $84.78 |
| 2025-11-14 | Lerman Bradley E | Tax withheld | 864 | $84.78 |
| 2025-11-14 | BREWER BRADY | Tax withheld | 1.2K | $84.78 |
| 2025-11-11 | RAMOS PILAR | Grant | 16K | — |
| 2025-11-11 | GRAMS MICHAEL DAVID | Grant | 19K | — |
| 2025-11-11 | Lerman Bradley E | Grant | 5.4K | — |
| 2025-11-11 | KELLY SARA | Grant | 5.0K | — |
| 2025-11-11 | KELLY SARA | Grant | 14K | — |
| 2025-11-11 | BREWER BRADY | Grant | 8.0K | — |
| 2025-11-11 | BREWER BRADY | Grant | 16K | — |
| 2025-11-11 | Smith Cathy R | Grant | 21K | — |
| 2025-11-11 | Niccol Brian R | Grant | 106K | — |
| 2025-11-10 | KNUDSTORP JORGEN VIG | Buy | 12K | $85.00 |
| 2025-11-10 | BREWER BRADY | Tax withheld | 825 | $84.60 |
| 2025-11-10 | KELLY SARA | Tax withheld | 60 | $84.60 |
| 2025-09-15 | KELLY SARA | Tax withheld | 146 | $82.68 |
| 2025-09-09 | Niccol Brian R | Tax withheld | 56K | $83.81 |
| 2025-07-01 | Moyo Dambisa F | Grant | 1.4K | — |
| 2025-07-01 | MAYER MARISSA A | Grant | 2.3K | — |
| 2025-06-16 | KELLY SARA | Tax withheld | 308 | $93.48 |
| 2025-05-15 | Lerman Bradley E | Tax withheld | 975 | $87.26 |
| 2025-03-24 | Smith Cathy R | Grant | 46K | — |
| 2025-03-17 | KNUDSTORP JORGEN VIG | Tax withheld | 539 | $99.08 |
| 2025-03-12 | FORD BETH | Grant | 3.3K | — |
| 2025-03-12 | SIEVERT G MICHAEL | Grant | 3.1K | — |
| 2025-03-12 | Campion Andrew | Grant | 3.4K | — |
| 2025-03-12 | Zhang Wei | Grant | 3.1K | — |
| 2025-03-12 | SERVITJE DANIEL | Grant | 3.1K | — |
| 2025-03-12 | Mohan Neal | Grant | 3.1K | — |
| 2025-03-12 | KNUDSTORP JORGEN VIG | Grant | 5.2K | — |
| 2025-03-12 | ALLISON RICHARD E JR | Grant | 3.3K | — |
| 2025-02-18 | Ruggeri Rachel | Tax withheld | 1.3K | $113.03 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- Nestlé S.A.
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-12 | 2026-06-11 | 0000829224-26-000106 ↗ |
| 8-K | 2026-05-20 | 2026-05-20 | 0000829224-26-000094 ↗ |
| 8-K | 2026-05-15 | 2026-05-13 | 0000829224-26-000088 ↗ |
| 10-Q | 2026-04-28 | 2026-03-29 | 0000829224-26-000080 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0000829224-26-000078 ↗ |
| 8-K | 2026-04-02 | 2026-04-02 | 0000829224-26-000064 ↗ |
| 8-K | 2026-03-30 | 2026-03-25 | 0000829224-26-000058 ↗ |
| 10-Q | 2026-01-28 | 2025-12-28 | 0000829224-26-000011 ↗ |
| 8-K | 2026-01-28 | 2026-01-28 | 0000829224-26-000010 ↗ |
| 8-K/A | 2025-11-17 | 2025-06-04 | 0000829224-25-000117 ↗ |
| 10-K | 2025-11-14 | 2025-09-28 | 0000829224-25-000114 ↗ |
| 8-K | 2025-11-03 | 2025-11-03 | 0000829224-25-000079 ↗ |