# Starbucks Corporation (SBUX) · Edgar & Edgarette company card

> Starbucks (SBUX) grew revenue 2.8% in FY2025 to $37.2 billion, operating margin 7.9% against a 6.1% median for eating & drinking places, equity -25.3% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 829224 · fiscal year ended 2025-09-28 · 5 audited years read · [page](https://www.pops4.com/boards/company/SBUX) · [JSON](https://www.pops4.com/boards/company/SBUX.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $37.2B |
| Revenue growth, 1 year | 2.8% |
| Revenue growth per year | 6.4% |
| Operating margin | 7.9% (prior year 15.0%) |
| Net margin | 5.0% |
| Operating cash flow | $4.7B |
| Capital spending | $2.3B |
| Free cash flow | $2.4B |
| Cash | $3.2B |
| Long-term debt | $16.1B |
| Total assets | $32.0B |
| Total equity | −$8.1B |
| Equity ÷ assets | -25.3% |
| Return on equity | — |
| Dividend per share | $2.45 |
| Dividend years rising | 3 |

## Readings, computed from those figures

- Altman Z: -1.02 (distress zone)
- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: Weathered boat · two warning signs · filed restructuring or exit costs in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress)
- Cash Compass: Steady earner · steady and paying a dividend, with average cash

## Edgarette's reading

Exposure: revenue $37.2B (FY2025), total debt $16.1B. Experience: revenue up 2.8% on the year, up 6.4% a year over 4 years; operating margin 7.9%, down from 15.0%. Soundness: equity -25.3% of assets (liabilities exceed assets), payout 149.3% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $34.4B and $40.5B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $32.0B to $43.3B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, retail-eating & drinking places): operating margin 7.9% against a 6.1% median.

## Health Watch, last 12 months

- Item 2.05 Restructuring or exit costs: 2, latest 2026-09-24 ([filing](https://www.sec.gov/Archives/edgar/data/829224/000082922426000145/0000829224-26-000145-index.htm))
- Item 5.02 Director or officer change: 1, latest 2026-06-12 ([filing](https://www.sec.gov/Archives/edgar/data/829224/000082922426000106/0000829224-26-000106-index.htm))

## Recent filings

- 8-K · filed 2026-10-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/829224/000082922426000154/0000829224-26-000154-index.htm)
- 8-K · filed 2026-09-24 · 2.05 Costs Associated with Exit or Disposal Activities; 7.01 Regulation FD Disclosure · [filing](https://www.sec.gov/Archives/edgar/data/829224/000082922426000145/0000829224-26-000145-index.htm)
- 10-Q · filed 2026-07-29 · [filing](https://www.sec.gov/Archives/edgar/data/829224/000082922426000130/0000829224-26-000130-index.htm)
- 8-K · filed 2026-07-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/829224/000082922426000129/0000829224-26-000129-index.htm)
- 8-K · filed 2026-06-12 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/829224/000082922426000106/0000829224-26-000106-index.htm)
- 8-K · filed 2026-05-20 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/829224/000082922426000094/0000829224-26-000094-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000829224.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=829224

## Cite

POPS4, Edgar & Edgarette: Starbucks Corporation (SBUX) company card, from the company's own SEC filings, accessed 2026-11-09, https://www.pops4.com/boards/company/SBUX. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.