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Black Rock Coffee Bar vs Starbucks: revenue, profit, margins and growth compared

Black Rock Coffee Bar brought in $200.3M of revenue in fiscal 2025, Starbucks $37.2B in fiscal 2025. Revenue changed by +24.5% at Black Rock Coffee Bar and +2.8% at Starbucks on the year before, so Black Rock Coffee Bar grew faster. Black Rock Coffee Bar kept -0.0% of its revenue as net profit, Starbucks 5.0%. Free cash flow was -$32.7M at Black Rock Coffee Bar and $2.4B at Starbucks.

Side by side, latest fiscal year

BRCBSBUX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 28, 2025)
Revenue$200.3M$37.2B
Revenue growth+24.5%+2.8%
Net income-$60K$1.9B
Net margin-0.0%5.0%
Free cash flow-$32.7M$2.4B
Free cash flow margin-16.3%6.6%
Earnings per share (diluted)$0.00$1.63
Cash$28.4M$3.2B
Debt$27.9M$16.1B
Price to earningsn/a58.2
Market value$360M$108.1B
Dividend yieldn/a2.58%
Rank by revenue in sector#654 of 778 · Consumer discretionary#27 of 778 · Consumer discretionary

Over the years

Revenue
BRCB FY2023: $133.2MBRCB FY2025: $160.9MBRCB FY2025: $200.3MSBUX FY2018: $24.7BSBUX FY2019: $26.5BSBUX FY2020: $23.5BSBUX FY2021: $29.1BSBUX FY2022: $32.3BSBUX FY2023: $36BSBUX FY2024: $36.2BSBUX FY2025: $37.2BFY18FY19FY20FY21FY22FY23FY24FY25
BRCB $200.3MSBUX $37.2B
Net income
BRCB FY2023: -$8.8MBRCB FY2025: -$7.2MBRCB FY2025: -$60KSBUX FY2018: $4.5BSBUX FY2019: $3.6BSBUX FY2020: $928.3MSBUX FY2021: $4.2BSBUX FY2022: $3.3BSBUX FY2023: $4.1BSBUX FY2024: $3.8BSBUX FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
BRCB -$60KSBUX $1.9B
Net margin
BRCB FY2023: -6.6%BRCB FY2025: -4.5%BRCB FY2025: -0.0%SBUX FY2018: 18.3%SBUX FY2019: 13.6%SBUX FY2020: 3.9%SBUX FY2021: 14.5%SBUX FY2022: 10.2%SBUX FY2023: 11.5%SBUX FY2024: 10.4%SBUX FY2025: 5.0%FY18FY19FY20FY21FY22FY23FY24FY25
BRCB -0.0%SBUX 5.0%
Revenue growth
BRCB FY2025: +20.8%BRCB FY2025: +24.5%SBUX FY2019: +7.2%SBUX FY2020: -11.3%SBUX FY2021: +23.6%SBUX FY2022: +11.0%SBUX FY2023: +11.6%SBUX FY2024: +0.6%SBUX FY2025: +2.8%FY19FY20FY21FY22FY23FY24FY25
BRCB +24.5%SBUX +2.8%
Free cash flow
BRCB FY2023: -$11MBRCB FY2025: -$8.9MBRCB FY2025: -$32.7MSBUX FY2018: $10BSBUX FY2019: $3.2BSBUX FY2020: $114.2MSBUX FY2021: $4.5BSBUX FY2022: $2.6BSBUX FY2023: $3.7BSBUX FY2024: $3.3BSBUX FY2025: $2.4BFY18FY19FY20FY21FY22FY23FY24FY25
BRCB -$32.7MSBUX $2.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Black Rock Coffee Bar and Starbucks

Which is bigger by revenue, Black Rock Coffee Bar or Starbucks?

Starbucks is bigger by revenue: $37.2B in fiscal 2025, against $200.3M for Black Rock Coffee Bar in fiscal 2025.

Which keeps more of its revenue as profit, Black Rock Coffee Bar or Starbucks?

Black Rock Coffee Bar had a net margin of -0.0% in fiscal 2025; Starbucks had 5.0% in fiscal 2025.

Which grew revenue faster, Black Rock Coffee Bar or Starbucks?

In their latest fiscal years revenue changed by +24.5% at Black Rock Coffee Bar and +2.8% at Starbucks.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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