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SBUX Operating ROA

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As of Q1'26 (2025-12-28), Starbucks ( SBUX ) reported an ROA of 0.91%, an ROIC of 1.45%, and an ROE of -3.50%. These latest figures indicate a continued positive return on assets and invested capital, while return on equity remains negative but has improved compared to previous quarters. From Q2'23 to Q1'26, the chart shows a general downward trend across all three metrics. ROA and ROIC peaked in Q4'23 at 4.14% and 8.21% respectively, then declined steadily, with notable drops after Q1'24 and again after Q1'25. ROE has remained negative throughout the period, reaching its lowest point in Q4'23 at -15.25%, but has since shown gradual improvement. Overall, the data reflects weakening profitability and efficiency, with some stabilization in the most recent quarters.