Starbucks Corporation (SBUX)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,293,700 | 4,124,500 | 3,783,500 | 3,554,700 | 3,320,900 | 3,281,600 | 4,167,700 | 4,408,200 | 4,393,100 | 4,199,400 | 2,827,600 | 995,800 | 664,800 | 928,300 | 1,338,600 | 3,389,800 | 3,724,600 | 3,599,500 | 3,552,400 | 3,032,100 |
| Revenue (ttm) | US$ in thousands | 36,687,000 | 35,975,600 | 35,016,200 | 33,998,000 | 32,913,800 | 32,250,300 | 31,982,800 | 31,329,200 | 30,361,600 | 29,060,600 | 27,117,000 | 23,842,600 | 23,170,300 | 23,518,000 | 24,061,900 | 26,662,800 | 26,973,000 | 26,508,600 | 26,065,200 | 25,552,500 |
| Net profit margin | 11.70% | 11.46% | 10.80% | 10.46% | 10.09% | 10.18% | 13.03% | 14.07% | 14.47% | 14.45% | 10.43% | 4.18% | 2.87% | 3.95% | 5.56% | 12.71% | 13.81% | 13.58% | 13.63% | 11.87% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $4,293,700K ÷ $36,687,000K
= 11.70%
The net profit margin of Starbucks Corp. has exhibited fluctuations over the past eight quarters. It was 11.70% as of December 31, 2023, showing a slight increase from the previous quarter. However, compared to the net profit margin of 14.07% as of April 3, 2022, the most recent figure represents a notable decline. Overall, the net profit margin has remained above 10% throughout this period, indicating that Starbucks has generally been effective in converting its revenue into profit after accounting for all expenses. However, the downward trend observed in the most recent quarters warrants further investigation into the company's cost management and revenue generation strategies.
Peer comparison
Dec 31, 2023