Starbucks Corporation (SBUX)

Pretax margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	5,401,700	4,230,100	5,355,900	1,168,000	4,470,800
Revenue	US$ in thousands	35,975,600	32,250,300	29,060,600	23,518,000	26,508,600
Pretax margin		15.01%	13.12%	18.43%	4.97%	16.87%

September 30, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $5,401,700K ÷ $35,975,600K
= 15.01%

The pretax margin of Starbucks Corporation has fluctuated over the past five years, ranging from a low of 4.97% in 2020 to a high of 18.43% in 2021. In 2023, the pretax margin improved to 15.01%, showing an increase from the previous year. This indicates that Starbucks has been able to effectively manage its expenses and generate more income before taxes in relation to its total revenue. Overall, the trend in pretax margin demonstrates the company's ability to maintain profitability and efficiency in its operations over the years.

Peer comparison

Sep 30, 2023

Company name

Symbol

Pretax margin

Starbucks Corporation

SBUX

15.01%