Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Starbucks Corp., profitability ratios
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).
| 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 improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Starbucks Corp. operating profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Starbucks Corp. net profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Starbucks Corp. ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Gross Profit Margin
Starbucks Corp., gross profit margin calculation, comparison to benchmarks
| Sep 29, 2024 | Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Gross profit | 9,709,100) | 9,846,200) | 8,371,100) | 8,391,000) | 5,059,100) | 7,488,100) | |
| Net revenues | 36,176,200) | 35,975,600) | 32,250,300) | 29,060,600) | 23,518,000) | 26,508,600) | |
| Profitability Ratio | |||||||
| Gross profit margin1 | 26.84% | 27.37% | 25.96% | 28.87% | 21.51% | 28.25% | |
| Benchmarks | |||||||
| Gross Profit Margin, Competitors2 | |||||||
| Airbnb Inc. | — | 82.83% | 82.15% | 80.71% | 74.07% | — | |
| Chipotle Mexican Grill Inc. | 26.67% | 26.20% | 23.88% | 22.62% | 17.40% | — | |
| McDonald’s Corp. | — | 57.12% | 56.97% | 54.17% | 50.77% | 52.74% | |
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).
1 2024 Calculation
Gross profit margin = 100 × Gross profit ÷ Net revenues
= 100 × 9,709,100 ÷ 36,176,200 = 26.84%
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 improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Operating Profit Margin
Starbucks Corp., operating profit margin calculation, comparison to benchmarks
| Sep 29, 2024 | Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Operating income | 5,408,800) | 5,870,800) | 4,617,800) | 4,872,100) | 1,561,700) | 4,077,900) | |
| Net revenues | 36,176,200) | 35,975,600) | 32,250,300) | 29,060,600) | 23,518,000) | 26,508,600) | |
| Profitability Ratio | |||||||
| Operating profit margin1 | 14.95% | 16.32% | 14.32% | 16.77% | 6.64% | 15.38% | |
| Benchmarks | |||||||
| Operating Profit Margin, Competitors2 | |||||||
| Airbnb Inc. | — | 15.31% | 21.45% | 7.17% | -106.27% | — | |
| Booking Holdings Inc. | 31.83% | 27.31% | 29.85% | 22.78% | -9.28% | — | |
| Chipotle Mexican Grill Inc. | 16.94% | 15.78% | 13.44% | 10.67% | 4.85% | — | |
| 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% | — | |
| Operating Profit Margin, Industry | |||||||
| Consumer Discretionary | — | 9.12% | 8.47% | 8.79% | 6.48% | — | |
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).
1 2024 Calculation
Operating profit margin = 100 × Operating income ÷ Net revenues
= 100 × 5,408,800 ÷ 36,176,200 = 14.95%
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 improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Net Profit Margin
Starbucks Corp., net profit margin calculation, comparison to benchmarks
| Sep 29, 2024 | Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net earnings attributable to Starbucks | 3,760,900) | 4,124,500) | 3,281,600) | 4,199,300) | 928,300) | 3,599,200) | |
| Net revenues | 36,176,200) | 35,975,600) | 32,250,300) | 29,060,600) | 23,518,000) | 26,508,600) | |
| Profitability Ratio | |||||||
| Net profit margin1 | 10.40% | 11.46% | 10.18% | 14.45% | 3.95% | 13.58% | |
| Benchmarks | |||||||
| Net Profit Margin, Competitors2 | |||||||
| Airbnb Inc. | — | 48.32% | 22.54% | -5.88% | -135.71% | — | |
| Booking Holdings Inc. | 24.78% | 20.07% | 17.89% | 10.63% | 0.87% | — | |
| Chipotle Mexican Grill Inc. | 13.56% | 12.45% | 10.41% | 8.65% | 5.94% | — | |
| 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% | — | |
| Net Profit Margin, Industry | |||||||
| Consumer Discretionary | — | 7.92% | 5.15% | 9.20% | 5.24% | — | |
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).
1 2024 Calculation
Net profit margin = 100 × Net earnings attributable to Starbucks ÷ Net revenues
= 100 × 3,760,900 ÷ 36,176,200 = 10.40%
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 improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Return on Equity (ROE)
Starbucks Corp., ROE calculation, comparison to benchmarks
| Sep 29, 2024 | Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net earnings attributable to Starbucks | 3,760,900) | 4,124,500) | 3,281,600) | 4,199,300) | 928,300) | 3,599,200) | |
| Shareholders’ deficit | (7,448,900) | (7,994,800) | (8,706,600) | (5,321,200) | (7,805,100) | (6,232,200) | |
| Profitability Ratio | |||||||
| ROE1 | — | — | — | — | — | — | |
| Benchmarks | |||||||
| ROE, Competitors2 | |||||||
| Airbnb Inc. | — | 58.69% | 34.05% | -7.37% | -158.00% | — | |
| Booking Holdings Inc. | — | — | 109.92% | 18.86% | 1.21% | — | |
| Chipotle Mexican Grill Inc. | 41.97% | 40.13% | 37.97% | 28.42% | 17.61% | — | |
| McDonald’s Corp. | — | — | — | — | — | — | |
| ROE, Sector | |||||||
| Consumer Services | — | — | — | 396.84% | — | — | |
| ROE, Industry | |||||||
| Consumer Discretionary | — | 30.61% | 21.65% | 34.37% | 25.29% | — | |
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).
1 2024 Calculation
ROE = 100 × Net earnings attributable to Starbucks ÷ Shareholders’ deficit
= 100 × 3,760,900 ÷ -7,448,900 = —
2 Click competitor name to see calculations.
Return on Assets (ROA)
Starbucks Corp., ROA calculation, comparison to benchmarks
| Sep 29, 2024 | Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net earnings attributable to Starbucks | 3,760,900) | 4,124,500) | 3,281,600) | 4,199,300) | 928,300) | 3,599,200) | |
| Total assets | 31,339,300) | 29,445,500) | 27,978,400) | 31,392,600) | 29,374,500) | 19,219,600) | |
| Profitability Ratio | |||||||
| ROA1 | 12.00% | 14.01% | 11.73% | 13.38% | 3.16% | 18.73% | |
| Benchmarks | |||||||
| ROA, Competitors2 | |||||||
| Airbnb Inc. | — | 23.21% | 11.80% | -2.57% | -43.70% | — | |
| Booking Holdings Inc. | 21.23% | 17.62% | 12.06% | 4.93% | 0.27% | — | |
| Chipotle Mexican Grill Inc. | 16.67% | 15.27% | 12.98% | 9.81% | 5.95% | — | |
| 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% | — | |
| ROA, Industry | |||||||
| Consumer Discretionary | — | 7.66% | 4.94% | 8.07% | 4.42% | — | |
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).
1 2024 Calculation
ROA = 100 × Net earnings attributable to Starbucks ÷ Total assets
= 100 × 3,760,900 ÷ 31,339,300 = 12.00%
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 improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |