Starbucks Corporation (SBUX)
Operating profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,408,800 | 5,870,800 | 4,617,800 | 4,872,100 | 1,561,700 |
| Revenue | US$ in thousands | 36,176,200 | 35,975,600 | 32,250,300 | 29,060,600 | 23,518,000 |
| Operating profit margin | 14.95% | 16.32% | 14.32% | 16.77% | 6.64% |
September 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $5,408,800K ÷ $36,176,200K
= 14.95%
The operating profit margin of Starbucks Corporation has shown a fluctuating trend over the past five years. In the most recent fiscal year ending September 30, 2024, the operating profit margin was 14.95%, a decrease from the previous year but still relatively healthy.
In comparison to the trend over the previous four years, where the operating profit margin ranged from a low of 6.64% in 2020 to a high of 16.77% in 2021, the current margin falls within that range. This indicates that Starbucks has been able to maintain a consistent level of profitability relative to its operating income in recent years, even though there has been some variability.
The downward trend in the operating profit margin from 2023 to 2024 may be a cause for further investigation to understand the factors driving this decrease. Overall, while the recent operating profit margin for Starbucks Corporation has dipped, it still suggests that the company is effective in managing its operating expenses and generating profits from its core business activities.
Peer comparison
Sep 30, 2024