Starbucks (SBUX)财务
NASDAQ · Consumer Cyclical · Restaurants · 员工381,000人 · CEO Brian R. Niccol
- 股价
- $103.65 -1.76%
- 市值
- $1180亿
- 企业价值
- $1370亿
- 最近财报
- Q4 '26 2026-10-29提交
- 下次财报
- 2027-01-27 EPS预期 $0.75
营收(TTM)$379亿+1.9% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)9.7%0.0 百分点 对比去年同期营业利润 $36.6亿
净利润(TTM)$25.3亿+36.1% 对比去年同期税后,含营业外收益
自由现金流(TTM)$37.2亿+52.5% 对比去年同期资本支出 $12.6亿
稀释EPS(TTM)$2.21+34.8% 对比去年同期最近4个季度之和
净现金-$185亿+19.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1180亿 EV $1370亿
- 营收
- $379亿 过去12个月
- 营收增速
- 0% FY2027年一致预期
- 净利润率
- 6.7% 净利润 / 营收,TTM
- P/E
- 46.9× 预期 32.4×(FY2027)
- P/S
- 3.1× 股价 / 营收,TTM
- EV / EBITDA
- 23.0× TTM
- 自由现金流
- $37.2亿 过去12个月
- 净利润
- $25.3亿 过去12个月
- 营收预期
- $380亿 FY2027年一致预期
- 盈利
- 2027-01-27 营收预期 $93.7亿
- 股息
- $2.48 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-29):营收低于预期0.9%,EPS 超预期11.3%营收$91.4亿,预期$92.2亿(-0.9%);EPS $0.80,预期$0.72(+11.3%)。
- 营收增长放缓:同比-4.5%Q4 '26营收$91.4亿,此前四个季度的平均值为4.6%。
- 营业利润率9.7%(TTM),较去年同期0.0 百分点营收增长1.9%,营业利润增长1.5%。
- 资本支出占营收的3.3%(去年为6.2%)最近4个季度投入$12.6亿(同比-45.2%)。自由现金流$37.2亿,相当于净利润的147.4%。
- 股东回报$28.2亿 = 自由现金流的75.8%回购$0(去年为$0),股息$28.2亿,股权激励$3.69亿(TTM)。
- 稀释股数一年内增加0.3%Q4 '26稀释股数11.4亿,一年前为11.4亿。
- 净债务 $185亿现金 + 短期投资 $38.6亿,含租赁债务 $224亿;一年前净债务 $231亿。
上一季度:Q4 '26
截至2026-09-27的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q4 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $91.4亿 | $95.7亿 | -4.5% |
| 毛利率 | 68.0% | 23.1% | +44.9 百分点 |
| 营业利润 | $9.92亿 | $9.48亿 | +4.6% |
| 营业利润率 | 10.8% | 9.9% | +0.9 百分点 |
| 净利润 | $6.77亿 | $1.33亿 | +408.8% |
| 稀释EPS | $0.59 | $0.12 | +391.7% |
| 经营现金流 | $13.8亿 | $13.8亿 | +0.2% |
| 资本支出 | $3.76亿 | $4.56亿 | -17.6% |
| 自由现金流 | $10.1亿 | $9.26亿 | +8.9% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $7820万 | $0 | – |
实际 vs 一致预期
2026-10-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $91.4亿 | $92.2亿 | -0.9% |
| EPS(一致预期口径) | $0.80 | $0.72 | +11.3% |
来自2026-10-29发布的Q4 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Beverage Member | $54.4亿 | -5.4% | 58.4% | $229亿 | +2.9% | |
| Other Products Member | $20.2亿 | +5.2% | 21.6% | $81.2亿 | +7.8% | |
| Food Member | $18.6亿 | +4.2% | 20.0% | $73.6亿 | +6.1% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $73.8亿 | +6.6% | 79.2% | $282亿 | +5.0% | |
| International Segment | $18.7亿 | -6.9% | 20.1% | $66.5亿 | -1.7% | |
| CHINA | $6870万 | – | 0.7% | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| North America Segment | – | – | $10.1亿 | – | – | – | – |
| International Segment | – | – | $2.53亿 | – | – | – | – |
| Channel Development | – | – | $3.06亿 | – | – | – | – |
| Corporate And Other | – | – | -$5.88亿 | – | – | – | – |
各分部营业利润
季度各分部营业利润率
季度利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $49.9亿
- 资本支出
- -$12.6亿
- 股票回购
- $0
- 股息
- -$28.2亿
- 收购
- $0
- 债务净发行
- -$28.1亿
- 股权激励费用
- $3.69亿
- 自由现金流
- $37.2亿
- 股东回报 / FCF
- 75.8%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 46.9× | 36.0× | 25.4× – 52.5× |
| EV / EBITDA | 23.0× | 19.7× | 17.0× – 22.1× |
| EV / 营收 | 3.6× | 3.5× | 3.3× – 3.7× |
| 股价 / FCF | 31.7× | 33.8× | 28.5× – 40.0× |
| 股价 / 净资产 | -15.5× | – | – |
| FCF收益率 | 3.2% | 3.0% | 2.5% – 3.5% |
| 投入资本回报率 | 11.4% | 14.4% | 8.5% – 19.3% |
| 净资产收益率 | -31.4% | -39.1% | -51.6% – -22.9% |
分析师
一致目标价 $117.27 (+13.1%)
区间 $105.00 – $130.00 · 评级 Buy
强烈买入0
买入28
持有28
卖出3
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $380亿 | +0.1% | $3.20 | +44.6% | 32.4× | 17 |
| FY2028 | $393亿 | +3.4% | $3.74 | +16.9% | 27.7× | 16 |
| FY2029 | $418亿 | +6.3% | $4.28 | +14.6% | 24.2× | 4 |
| FY2030 | $447亿 | +7.0% | $4.95 | +15.5% | 21.0× | 1 |
| FY2031 | $486亿 | +8.9% | $5.50 | +11.2% | 18.8× | 2 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Starbucks Corporation在近期10-Q / 10-K文件中标记的全部247项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $17.8亿2026-06-28 | $18.9亿 | -5.9% | $18.5亿2025-09-28 | $16亿 | +16.1% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $13亿2026-06-28 | $12.4亿 | +5.0% | $12.8亿2025-09-28 | $12.1亿 | +5.2% |
| Accounts Receivable, Allowance for Credit Loss, Current | $2400万2025-09-28 | $2120万 | +13.2% | $2400万2025-09-28 | $2120万 | +13.2% |
| Accrued Income Taxes, Current | $4.18亿2026-06-28 | $1.7亿 | +145.2% | $1.5亿2025-09-28 | $1.24亿 | +21.7% |
| Accrued Liabilities, Current | $26.9亿2026-06-28 | $22.5亿 | +19.7% | $23.6亿2025-09-28 | $21.9亿 | +7.5% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $107亿2026-06-28 | $114亿 | -6.7% | $113亿2025-09-28 | $108亿 | +5.3% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$4790万2026-06-28 | -$5.35亿 | +91.1% | -$4.59亿2025-09-28 | -$4.29亿 | -7.1% |
| Additional Paid in Capital, Common Stock | $9.15亿2026-06-28 | $5.49亿 | +66.8% | $6.34亿2025-09-28 | $3.23亿 | +96.6% |
| Advertising Expense | – | – | – | $8.7亿2025-09-28 | $5.97亿 | +45.6% |
| Amortization of Intangible Assets | $290万2026-06-28 | $440万 | -34.1% | $1760万2025-09-28 | $2040万 | -13.7% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $7210万2026-06-28 | $6670万 | +8.1% | $3.22亿2025-09-28 | $3.12亿 | +3.2% |
| Asset Impairment Charges | $2.6亿2026-06-28 | $6090万 | +327.3% | $1.29亿2009-09-27 | $2.02亿 | -35.9% |
| Asset Retirement Obligations, Noncurrent | $1.26亿2025-09-28 | $1.19亿 | +6.0% | $1.26亿2025-09-28 | $1.19亿 | +6.0% |
| Assets | $283亿2026-06-28 | $336亿 | -15.9% | $320亿2025-09-28 | $313亿 | +2.2% |
| Assets, Current | $75.3亿2026-06-28 | $84.2亿 | -10.5% | $73.8亿2025-09-28 | $68.5亿 | +7.8% |
| Assets, Fair Value Disclosure | $43.8亿2026-06-28 | $49.3亿 | -11.3% | $40.1亿2025-09-28 | $40.1亿 | 0.0% |
| Capitalized Costs, Asset Retirement Costs | $2550万2025-09-28 | $2510万 | +1.6% | $2550万2025-09-28 | $2510万 | +1.6% |
| Cash and Cash Equivalents, Fair Value Disclosure | $34.5亿2026-06-28 | – | – | $25.8亿2013-09-29 | $11.9亿 | +116.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $34.5亿2026-06-28 | $41.7亿 | -17.3% | $32.2亿2025-09-28 | $32.9亿 | -2.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $19.2亿2026-06-28 | $15亿 | +27.8% | -$6640万2025-09-28 | -$2.65亿 | +75.0% |
| Common Stock, Dividends, Per Share, Declared | $0.622026-06-28 | $0.61 | +1.6% | $2.452025-09-28 | $2.32 | +5.6% |
| Common Stock, Par or Stated Value Per Share | $0.002026-06-28 | $0.00 | 0.0% | $0.002025-09-28 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 24亿2026-06-28 | 24亿 | 0.0% | 24亿2025-09-28 | 24亿 | 0.0% |
| Common Stock, Shares, Issued | 11.4亿2026-06-28 | 11.4亿 | +0.3% | 11.4亿2025-09-28 | 11.3亿 | +0.3% |
| Common Stock, Shares, Outstanding | 11.4亿2025-09-28 | 11.3亿 | +0.3% | 11.4亿2025-09-28 | 11.3亿 | +0.3% |
| Common Stock, Value, Issued | $110万2026-06-28 | $110万 | 0.0% | $110万2025-09-28 | $110万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | -$20万2026-06-28 | $30万 | -166.7% | -$360万2020-09-27 | -$460万 | +21.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $14.1亿2026-06-28 | $5.52亿 | +156.3% | $18.3亿2025-09-28 | $41.1亿 | -55.6% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $14.1亿2026-06-28 | $5.52亿 | +156.1% | $18.3亿2025-09-28 | $41.1亿 | -55.6% |
| Costs and Expenses | $84.2亿2026-06-28 | $85.8亿 | -1.8% | $345亿2025-09-28 | $311亿 | +11.0% |
| Current Federal Tax Expense (Benefit) | – | – | – | $1.79亿2025-09-28 | $6.81亿 | -73.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $3.63亿2025-09-28 | $3.29亿 | +10.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $6.62亿2025-09-28 | $12.2亿 | -45.8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1.2亿2025-09-28 | $2.11亿 | -42.9% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $8850万2026-06-28 | $1.13亿 | -21.9% | $1.09亿2025-09-28 | $1.14亿 | -4.0% |
| Debt Securities, Available-for-sale, Noncurrent | $3.13亿2026-06-28 | $2.32亿 | +35.0% | $2.47亿2025-09-28 | $2.76亿 | -10.5% |
| Deconsolidation, Gain (Loss), Amount | – | – | – | $4.99亿2018-09-30 | $9350万 | +433.9% |
| Deferred Compensation Liability, Current | $1.16亿2025-09-28 | $1.12亿 | +2.9% | $1.16亿2025-09-28 | $1.12亿 | +2.9% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $3020万2025-09-28 | $1070万 | +182.2% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$3060万2025-09-28 | -$2360万 | -29.7% |
| Deferred Income Tax Assets, Net | $15.1亿2026-06-28 | $18.1亿 | -16.6% | $18.3亿2025-09-28 | $17.7亿 | +3.4% |
| Deferred Income Tax Expense (Benefit) | -$1.11亿2026-06-28 | $6050万 | -283.3% | -$9060万2025-09-28 | -$1380万 | -556.5% |
| Deferred Income Tax Liabilities, Net | $5040万2025-09-28 | $2110万 | +138.9% | $5040万2025-09-28 | $2110万 | +138.9% |
| Deferred Income Taxes and Tax Credits | – | – | – | -$1170万2025-09-28 | -$1360万 | +14.0% |
| Deferred Revenue | – | – | – | $70亿2018-08-26 | – | – |
| Deferred Revenue, Current | $18.2亿2026-06-28 | $19.1亿 | -4.9% | $18.4亿2025-09-28 | $17.8亿 | +3.3% |
| Deferred Revenue, Noncurrent | $56.3亿2026-06-28 | $58.3亿 | -3.3% | $57.7亿2025-09-28 | $59.6亿 | -3.2% |
| Deferred Revenue, Revenue Recognized | $4410万2026-06-28 | $4410万 | 0.0% | $1.77亿2025-09-28 | $1.77亿 | 0.0% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$1130万2025-09-28 | -$70万 | -1,514.3% |
| Deferred Tax and Other Liabilities, Noncurrent | $7.48亿2026-06-28 | $7.18亿 | +4.2% | $5.78亿2025-09-28 | $6.56亿 | -11.9% |
| Deferred Tax Assets, Deferred Income | $15.9亿2025-09-28 | $16.1亿 | -1.2% | $15.9亿2025-09-28 | $16.1亿 | -1.2% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $3.56亿2025-09-28 | $3.73亿 | -4.6% | $3.56亿2025-09-28 | $3.73亿 | -4.6% |
| Deferred Tax Assets, Gross | $53.8亿2025-09-28 | $52.7亿 | +2.0% | $53.8亿2025-09-28 | $52.7亿 | +2.0% |
| Deferred Tax Assets, Net | $17.8亿2025-09-28 | $17.5亿 | +1.8% | $17.8亿2025-09-28 | $17.5亿 | +1.8% |
| Deferred Tax Assets, Net of Valuation Allowance | $51.9亿2025-09-28 | $50.8亿 | +2.1% | $51.9亿2025-09-28 | $50.8亿 | +2.1% |
| Deferred Tax Assets, Other | $7.81亿2025-09-28 | $6.92亿 | +12.8% | $7.81亿2025-09-28 | $6.92亿 | +12.8% |
| Deferred Tax Assets, Valuation Allowance | $1.89亿2025-09-28 | $1.95亿 | -2.7% | $1.89亿2025-09-28 | $1.95亿 | -2.7% |
| Deferred Tax Liabilities, Gross | $34.1亿2025-09-28 | $33.3亿 | +2.3% | $34.1亿2025-09-28 | $33.3亿 | +2.3% |
| Deferred Tax Liabilities, Other | $3.02亿2025-09-28 | $2.68亿 | +12.9% | $3.02亿2025-09-28 | $2.68亿 | +12.9% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $6.41亿2025-09-28 | $5.81亿 | +10.4% | $6.41亿2025-09-28 | $5.81亿 | +10.4% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-28, 10-Q 2026-03-29, 10-Q 2025-12-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-Q 2024-12-29, 10-K 2024-09-29, 10-Q 2024-06-30
上次刷新未更新（显示旧数据或无数据）：SEC segments。
数据截至 2026-11-01