Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Based on: 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).
Profitability ratio | Description | The company |
---|---|---|
Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Starbucks Corp. gross profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Starbucks Corp. operating profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Starbucks Corp. net profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Profitability ratio | Description | The company |
---|---|---|
ROA | A profitability ratio calculated as net income divided by total assets. | Starbucks Corp. ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Gross Profit Margin
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Gross profit | 9,846,200) | 8,371,100) | 8,391,000) | 5,059,100) | 7,488,100) | 7,351,800) | |
Net revenues | 35,975,600) | 32,250,300) | 29,060,600) | 23,518,000) | 26,508,600) | 24,719,500) | |
Profitability Ratio | |||||||
Gross profit margin1 | 27.37% | 25.96% | 28.87% | 21.51% | 28.25% | 29.74% | |
Benchmarks | |||||||
Gross Profit Margin, Competitors2 | |||||||
Airbnb Inc. | 82.83% | 82.15% | 80.71% | 74.07% | — | — | |
Chipotle Mexican Grill Inc. | 26.20% | 23.88% | 22.62% | 17.40% | 20.45% | — | |
McDonald’s Corp. | 57.12% | 56.97% | 54.17% | 50.77% | 52.74% | — |
Based on: 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).
1 2023 Calculation
Gross profit margin = 100 × Gross profit ÷ Net revenues
= 100 × 9,846,200 ÷ 35,975,600 = 27.37%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Starbucks Corp. gross profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Operating Profit Margin
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Operating income | 5,870,800) | 4,617,800) | 4,872,100) | 1,561,700) | 4,077,900) | 3,883,300) | |
Net revenues | 35,975,600) | 32,250,300) | 29,060,600) | 23,518,000) | 26,508,600) | 24,719,500) | |
Profitability Ratio | |||||||
Operating profit margin1 | 16.32% | 14.32% | 16.77% | 6.64% | 15.38% | 15.71% | |
Benchmarks | |||||||
Operating Profit Margin, Competitors2 | |||||||
Airbnb Inc. | 15.31% | 21.45% | 7.17% | -106.27% | — | — | |
Booking Holdings Inc. | 27.31% | 29.85% | 22.78% | -9.28% | 35.48% | — | |
Chipotle Mexican Grill Inc. | 15.78% | 13.44% | 10.67% | 4.85% | 7.95% | — | |
McDonald’s Corp. | 45.68% | 40.42% | 44.59% | 38.13% | 43.03% | — | |
Operating Profit Margin, Sector | |||||||
Consumer Services | 25.75% | 24.62% | 24.69% | 8.41% | 27.75% | — | |
Operating Profit Margin, Industry | |||||||
Consumer Discretionary | 9.06% | 8.41% | 8.73% | 6.40% | 7.48% | — |
Based on: 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).
1 2023 Calculation
Operating profit margin = 100 × Operating income ÷ Net revenues
= 100 × 5,870,800 ÷ 35,975,600 = 16.32%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Starbucks Corp. operating profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Net Profit Margin
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Net earnings attributable to Starbucks | 4,124,500) | 3,281,600) | 4,199,300) | 928,300) | 3,599,200) | 4,518,300) | |
Net revenues | 35,975,600) | 32,250,300) | 29,060,600) | 23,518,000) | 26,508,600) | 24,719,500) | |
Profitability Ratio | |||||||
Net profit margin1 | 11.46% | 10.18% | 14.45% | 3.95% | 13.58% | 18.28% | |
Benchmarks | |||||||
Net Profit Margin, Competitors2 | |||||||
Airbnb Inc. | 48.32% | 22.54% | -5.88% | -135.71% | — | — | |
Booking Holdings Inc. | 20.07% | 17.89% | 10.63% | 0.87% | 32.29% | — | |
Chipotle Mexican Grill Inc. | 12.45% | 10.41% | 8.65% | 5.94% | 6.27% | — | |
McDonald’s Corp. | 33.22% | 26.65% | 32.49% | 24.63% | 28.59% | — | |
Net Profit Margin, Sector | |||||||
Consumer Services | 22.32% | 17.09% | 17.21% | 2.53% | 21.75% | — | |
Net Profit Margin, Industry | |||||||
Consumer Discretionary | 7.87% | 5.09% | 9.14% | 5.16% | 5.80% | — |
Based on: 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).
1 2023 Calculation
Net profit margin = 100 × Net earnings attributable to Starbucks ÷ Net revenues
= 100 × 4,124,500 ÷ 35,975,600 = 11.46%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Starbucks Corp. net profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Return on Equity (ROE)
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Net earnings attributable to Starbucks | 4,124,500) | 3,281,600) | 4,199,300) | 928,300) | 3,599,200) | 4,518,300) | |
Shareholders’ equity (deficit) | (7,994,800) | (8,706,600) | (5,321,200) | (7,805,100) | (6,232,200) | 1,169,500) | |
Profitability Ratio | |||||||
ROE1 | — | — | — | — | — | 386.34% | |
Benchmarks | |||||||
ROE, Competitors2 | |||||||
Airbnb Inc. | 58.69% | 34.05% | -7.37% | -158.00% | — | — | |
Booking Holdings Inc. | — | 109.92% | 18.86% | 1.21% | 82.00% | — | |
Chipotle Mexican Grill Inc. | 40.13% | 37.97% | 28.42% | 17.61% | 20.81% | — | |
McDonald’s Corp. | — | — | — | — | — | — | |
ROE, Sector | |||||||
Consumer Services | — | — | 396.84% | — | — | — | |
ROE, Industry | |||||||
Consumer Discretionary | 30.42% | 21.42% | 34.25% | 24.98% | 33.88% | — |
Based on: 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).
1 2023 Calculation
ROE = 100 × Net earnings attributable to Starbucks ÷ Shareholders’ equity (deficit)
= 100 × 4,124,500 ÷ -7,994,800 = —
2 Click competitor name to see calculations.
Return on Assets (ROA)
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Net earnings attributable to Starbucks | 4,124,500) | 3,281,600) | 4,199,300) | 928,300) | 3,599,200) | 4,518,300) | |
Total assets | 29,445,500) | 27,978,400) | 31,392,600) | 29,374,500) | 19,219,600) | 24,156,400) | |
Profitability Ratio | |||||||
ROA1 | 14.01% | 11.73% | 13.38% | 3.16% | 18.73% | 18.70% | |
Benchmarks | |||||||
ROA, Competitors2 | |||||||
Airbnb Inc. | 23.21% | 11.80% | -2.57% | -43.70% | — | — | |
Booking Holdings Inc. | 17.62% | 12.06% | 4.93% | 0.27% | 22.73% | — | |
Chipotle Mexican Grill Inc. | 15.27% | 12.98% | 9.81% | 5.95% | 6.86% | — | |
McDonald’s Corp. | 15.08% | 12.25% | 14.01% | 8.99% | 12.68% | — | |
ROA, Sector | |||||||
Consumer Services | 16.52% | 12.08% | 10.22% | 1.24% | 15.92% | — | |
ROA, Industry | |||||||
Consumer Discretionary | 7.62% | 4.90% | 8.03% | 4.37% | 5.48% | — |
Based on: 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).
1 2023 Calculation
ROA = 100 × Net earnings attributable to Starbucks ÷ Total assets
= 100 × 4,124,500 ÷ 29,445,500 = 14.01%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
ROA | A profitability ratio calculated as net income divided by total assets. | Starbucks Corp. ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |