Starbucks
Starbucks returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q3 | Jun 28, 2026 | — | 14.57% | — | — | 6.4% | — |
| FY 2026 Q2 | Mar 29, 2026 | — | 14.55% | — | — | 4.81% | — |
| FY 2026 Q1 | Dec 28, 2025 | — | 12.61% | — | — | 4.27% | — |
| FY 2025 Q4 | Sep 28, 2025 | — | 13.32% | — | — | 5.86% | — |
| FY 2025 Q3 | Jun 29, 2025 | — | 17.64% | — | — | 8.26% | — |
| FY 2025 Q2 | Mar 30, 2025 | — | 21.13% | — | — | 10.26% | — |
| FY 2025 Q1 | Dec 29, 2024 | — | 24.05% | — | — | 11.52% | — |
| FY 2024 Q4 | Sep 29, 2024 | — | 25.53% | — | — | 12.37% | — |
| FY 2024 Q3 | Jun 30, 2024 | — | 27.67% | — | — | 13.84% | — |
| FY 2024 Q2 | Mar 31, 2024 | — | 28.43% | — | — | 14.34% | — |
| FY 2024 Q1 | Dec 31, 2023 | — | 31.46% | — | — | 14.95% | — |
| FY 2023 Q4 | Oct 1, 2023 | — | 30.16% | — | — | 14.37% | — |
| FY 2023 Q3 | Jul 2, 2023 | — | 27.3% | — | — | 13.3% | — |
| FY 2023 Q2 | Apr 2, 2023 | — | 25.74% | — | — | 12.34% | — |
| FY 2023 Q1 | Jan 1, 2023 | — | 24.11% | — | — | 11.63% | — |
| FY 2022 Q4 | Oct 2, 2022 | — | 21.95% | — | — | 11.05% | — |
| FY 2022 Q3 | Jul 3, 2022 | 119.48% | 23.68% | 295.34% | — | 14.46% | 111.8 pp |
| FY 2022 Q2 | Apr 3, 2022 | 124.38% | 24.4% | 1,233.93% | — | 15.36% | 116.7 pp |
| FY 2022 Q1 | Jan 2, 2022 | 150.37% | 24.46% | — | — | 14.94% | 142.7 pp |
| FY 2021 Q4 | Oct 3, 2021 | 108.47% | 21.53% | — | — | 13.82% | 100.8 pp |
| FY 2021 Q3 | Jun 27, 2021 | 85.99% | 18.44% | — | — | 9.65% | 78.3 pp |
| FY 2021 Q2 | Mar 28, 2021 | 37.45% | 8.55% | — | — | 3.57% | 29.8 pp |
| FY 2021 Q1 | Dec 27, 2020 | 41.45% | 6.1% | -214.1% | — | 2.3% | 33.8 pp |
| FY 2020 Q4 | Sep 27, 2020 | 38.47% | 8.9% | -104.79% | — | 3.82% | 30.8 pp |
| FY 2020 Q3 | Jun 28, 2020 | 51.07% | 11.55% | -72.88% | — | 5.35% | 43.4 pp |
| FY 2020 Q2 | Mar 29, 2020 | 104.12% | 24.77% | 0.81% | — | 15.03% | 96.4 pp |
| FY 2020 Q1 | Dec 29, 2019 | 205.32% | 25.48% | 101.66% | — | 15.61% | 197.6 pp |
| FY 2019 Q4 | Sep 29, 2019 | 159.75% | 25.87% | 63.28% | — | 16.6% | 152.1 pp |
| FY 2019 Q3 | Jun 30, 2019 | 58.12% | 29.68% | — | — | 18.66% | 50.4 pp |
| FY 2019 Q2 | Mar 31, 2019 | 55.67% | 31.28% | — | — | 17.23% | 48 pp |
| FY 2019 Q1 | Dec 30, 2018 | 72.05% | 28.84% | — | 211.29% | 15.74% | 64.3 pp |
| FY 2018 Q4 | Sep 30, 2018 | 69.09% | 27.14% | — | 136.51% | 23.46% | 61.4 pp |
| FY 2018 Q3 | Jul 1, 2018 | 37.51% | 35.7% | 6.85% | 92.56% | 28.71% | 29.8 pp |
| FY 2018 Q2 | Apr 1, 2018 | 34.88% | 35.01% | -1.3% | 85.12% | 27.63% | 27.2 pp |
| FY 2018 Q1 | Dec 31, 2017 | 41.75% | 38.67% | 95.79% | 75.91% | 26.94% | 34.1 pp |
| FY 2017 Q4 | Oct 1, 2017 | 38.66% | 41.5% | — | 50.9% | 20.11% | 31 pp |
| FY 2017 Q3 | Jul 2, 2017 | 40.27% | 43.22% | — | 50.1% | 20.43% | 32.6 pp |
| FY 2017 Q2 | Apr 2, 2017 | 40.86% | 46.94% | 50.11% | 55.32% | 22.13% | 33.2 pp |
| FY 2017 Q1 | Jan 1, 2017 | 43.91% | 46.81% | 37.86% | 48.94% | 21.38% | 36.2 pp |
| FY 2016 Q4 | Oct 2, 2016 | 40.01% | 44.92% | 35.11% | 48.16% | 21.05% | 32.3 pp |
| FY 2016 Q3 | Jun 26, 2016 | 38.86% | 42.52% | 59.55% | 46.11% | 19.99% | 31.2 pp |
| FY 2016 Q2 | Mar 27, 2016 | 39.6% | 45.5% | 64.84% | 45.79% | 20.57% | 31.9 pp |
| FY 2016 Q1 | Dec 27, 2015 | 40.64% | 43.23% | — | 41.88% | 19.46% | 32.9 pp |
| FY 2015 Q4 | Sep 27, 2015 | 41.56% | 43.63% | 51.73% | 49.73% | 23.77% | 33.9 pp |
| FY 2015 Q3 | Jun 28, 2015 | 37.41% | 42.72% | — | 49.29% | 23.16% | 29.7 pp |
| FY 2015 Q2 | Mar 29, 2015 | 37.6% | 41.37% | — | 47.08% | 23.14% | 29.9 pp |
| FY 2015 Q1 | Dec 28, 2014 | 37.41% | 39.55% | — | 47.09% | 22.21% | 29.7 pp |
| FY 2014 Q4 | Sep 28, 2014 | 45.72% | 44.48% | — | 42.41% | 18.57% | 38 pp |
| FY 2014 Q3 | Jun 29, 2014 | — | 1.57% | — | 4.59% | 2.55% | — |
| FY 2014 Q2 | Mar 30, 2014 | — | -0.62% | — | 2.99% | 1.65% | — |
| FY 2014 Q1 | Dec 29, 2013 | — | -2.13% | — | 2.32% | 1.25% | — |
| FY 2013 Q4 | Sep 29, 2013 | — | -5.36% | — | 0.17% | 0.08% | — |
| FY 2013 Q3 | Jun 30, 2013 | — | 35.73% | — | 28.74% | 18.41% | — |
| FY 2013 Q2 | Mar 31, 2013 | — | 35.63% | — | 28.97% | 18.35% | — |
| FY 2013 Q1 | Dec 30, 2012 | — | 35.19% | — | 28.85% | 17.57% | — |
| FY 2012 Q4 | Sep 30, 2012 | — | 35.37% | — | 29.15% | 17.76% | — |
| FY 2012 Q3 | Jul 1, 2012 | — | 33.41% | — | 28.45% | 17.96% | — |
| FY 2012 Q2 | Apr 1, 2012 | — | 32.6% | — | 28.13% | 17.69% | — |
| FY 2012 Q1 | Jan 1, 2012 | — | 33.47% | — | 29.04% | 17.35% | — |
| FY 2011 Q4 | Oct 2, 2011 | — | 34.95% | — | 30.91% | 18.12% | — |
| FY 2011 Q3 | Jul 3, 2011 | — | 34.56% | — | 29.68% | 17.53% | — |
| FY 2011 Q2 | Apr 3, 2011 | — | 32.99% | — | 27.87% | 16.63% | — |
| FY 2011 Q1 | Jan 2, 2011 | — | 33.75% | — | 28.39% | 16.12% | — |
| FY 2010 Q4 | Oct 3, 2010 | 30.9% | 33% | 752.03% | 28.14% | 15.81% | 23.2 pp |
| FY 2010 Q3 | Jun 27, 2010 | — | 29.54% | — | 25.77% | 14.15% | — |
| FY 2010 Q2 | Mar 28, 2010 | — | — | — | — | — | — |
| FY 2010 Q1 | Dec 27, 2009 | — | — | — | — | — | — |
| FY 2009 Q4 | Sep 27, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Jun 28, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · SBUX, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.