Saturday 17 October 2026
Export SAN’s income statement to Excel — free account
Banco Santander, S.A.
SAN Financial Banks Diversified
Banco Santander, S.A.’s revenue for fiscal 2025 (year ended December 2025) was $133.5 billion, down 3.54% from fiscal 2024. In the quarter to June 2026, revenue grew 4.44%, EPS grew 8.00% and free cash flow fell 105.7%, each against the same quarter a year earlier.
13.30
0.16
−1.19%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
12.78 | 15.42 | 8.95 | 8.11 | 0.00 | 6.45 | 5.17 | 5.96 | 5.92 | 11.50 |
Piotroski F-Score |
6 | 6 | 4 | 3 | 4 | 7 | 6 | 6 | 6 | 5 |
P/S ratio |
1.07 | 1.35 | 0.95 | 0.96 | 1.02 | 0.87 | 0.56 | 0.52 | 0.54 | 1.31 |
P/FCF ratio |
2.65 | 2.19 | 0.00 | 458.14 | 0.62 | 1.00 | 2.14 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
3.36 | 2.35 | 20.37 | 9.05 | 0.76 | 2.61 | (3.64) | 7.08 | 5.63 | (22.84) |
P/B ratio |
0.71 | 0.88 | 0.60 | 0.72 | 0.53 | 0.53 | 0.49 | 0.60 | 0.63 | 1.37 |
Price to Tangible BV |
1.00 | 1.21 | 0.82 | 1.00 | 0.66 | 0.64 | 0.61 | 0.74 | 0.77 | 1.62 |
EV/Sales |
12.87 | 3.36 | 3.49 | 3.19 | 1.24 | (0.04) | 1.08 | 0.99 | (0.15) | 0.84 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
21.52 | 4.15 | 69.85 | 25.05 | 0.66 | (0.05) | 3.32 | 23.46 | 0.48 | (6.70) |
EV/FCF |
31.78 | 5.46 | (46.70) | 1,519.90 | 0.75 | (0.05) | 4.10 | (75.70) | 0.42 | (5.75) |
Quick Ratio |
1.73 | 0.31 | 0.31 | 0.29 | 0.30 | 0.28 | 0.34 | 0.34 | 0.36 | 0.33 |
Current Ratio |
8.09 | 1.36 | 0.31 | 0.29 | 0.30 | 0.28 | 0.34 | 0.35 | 0.36 | 0.33 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
77.26% | 28.23% | 29.78% | 27.25% | 29.63% | 17.13% | 24.76% | 24.57% | 24.16% | 19.00% |
Debt/Equity |
10.07 | 3.82 | 4.05 | 3.75 | 4.89 | 2.82 | 4.40 | 4.24 | 4.14 | 3.15 |
Asset Turnover |
0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.05 | 0.07 | 0.07 | 0.07 |
Operating CF/Net income |
3.72 | 6.46 | 0.47 | 0.57 | (7.10) | 6.98 | 3.05 | 0.47 | (2.02) | (1.05) |
Capex/Depreciation |
(2.23) | (2.23) | (3.52) | (3.35) | (2.32) | (1.82) | (1.77) | (2.06) | (1.41) | (0.77) |
| 5.82% | 6.00% | 6.92% | 5.29% | (9.33%) | 8.77% | 8.79% | 10.62% | 11.30% | 13.09% | |
| 0.44% | 0.45% | 0.51% | 0.39% | (0.62%) | 0.53% | 0.51% | 0.61% | 0.66% | 0.78% | |
ROIC |
1.41% | 5.71% | 5.20% | 5.78% | 5.00% | 32.36% | 11.64% | 11.61% | 15.69% | 34.02% |
Return on Tangible Assets |
0.61% | 1.85% | (1.29%) | (0.96%) | 1.50% | (1.02%) | (1.28%) | (1.49%) | (1.63%) | (1.75%) |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
31.24% | 33.01% | 33.04% | 32.11% | 35.59% | 36.07% | 26.82% | 20.59% | 20.54% | 20.35% |
Intangible Assets out of Total Assets |
0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(2.29) | (1.77) | (16.82) | (15.96) | (24.65) | (22.71) | (26.09) | (20.68) | (19.37) | (8.71) |
Graham Number |
8.34 | 8.42 | 9.14 | 0.00 | 0.00 | 8.43 | 8.92 | 10.48 | 11.78 | 14.02 |
Earnings Yield |
7.82% | 6.49% | 11.17% | 12.32% | (19.05%) | 15.50% | 19.33% | 16.79% | 16.89% | 8.70% |
Free Cash Flow Yield |
37.78% | 45.67% | (7.88%) | 0.22% | 162.33% | 100.18% | 46.74% | (2.49%) | (66.30%) | (11.20%) |
Revenue per Share |
4.95 | 4.86 | 4.72 | 4.58 | 3.83 | 3.80 | 5.31 | 7.99 | 0.89 | 8.97 |
Operating CF per Share |
1.58 | 2.79 | 0.24 | 0.22 | 4.36 | 3.62 | 1.73 | 0.34 | (0.17) | (1.13) |
Capex per Share |
(0.38) | (0.40) | (0.59) | (0.65) | (0.43) | (0.32) | (0.33) | (0.44) | (0.03) | (0.19) |
Free Cash Flow per Share |
1.20 | 2.39 | (0.35) | (0.43) | 3.93 | 3.30 | 1.40 | (0.10) | (0.20) | (1.31) |
Cash per Share |
16.57 | 18.50 | 18.01 | 17.56 | 18.34 | 20.90 | 24.12 | 25.85 | 2.95 | 31.13 |
Shareholders Equity per Share |
7.45 | 7.41 | 7.41 | 7.16 | 6.02 | 6.19 | 6.10 | 6.98 | 0.75 | 8.57 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
7.45 | 7.41 | 7.41 | 7.16 | 6.02 | 6.19 | 6.10 | 6.98 | 0.75 | 8.57 |
Free Cash Flow |
18,314.23 | 38,894.76 | (6,033.73) | (7,462.56) | 68,134.77 | 61,130.78 | 23,625.93 | (1,681.89) | (31,150.42) | (19,559.64) |
Working Capital |
1,036,308.10 | 353,394.10 | (696,859.80) | (730,612.10) | (745,266.30) | (982,462.70) | (782,531.80) | (806,689.90) | (829,582.90) | (943,789.70) |
Capital Expenditures |
(5,835.10) | (6,529.74) | (10,068.03) | (11,258.24) | (7,431.80) | (5,940.35) | (5,565.11) | (7,109.63) | (5,012.29) | (2,775.32) |
Net Current Asset Value |
(185,728.00) | (189,486.00) | (1,288,624.80) | (1,277,550.10) | (1,300,939.30) | (1,385,575.70) | (1,318,512.80) | (1,394,615.90) | (1,414,621.90) | (1,521,750.70) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.08 | 0.08 | 0.12 | 0.14 | 0.11 | 0.08 | 0.06 | 0.06 | 0.04 | 0.02 |
Price to Operating Income |
3.57 | 4.18 | 2.77 | 2.86 | 0.00 | 2.32 | 1.82 | 2.10 | 2.19 | 4.90 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.10 | 0.11 | 0.09 | 0.09 | 0.09 | 0.08 | 0.09 | 0.09 | 0.10 | 0.12 |
Cash ROIC |
1.21% | 4.40% | (0.64%) | (0.84%) | 7.31% | 7.40% | 2.46% | (0.17%) | (2.96%) | (1.97%) |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.07 | 0.05 | 0.03 | 0.03 | 0.02 | 0.01 | 0.03 | 0.06 | 0.06 | 0.06 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
526.14 | 13,054.57 | 14,255.46 | 14,370.48 | 22,550.24 | 30,449.31 | 11,406.89 | 6,165.68 | 5,833.72 | 7,058.40 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
398,464.44 | 458,729.24 | 900,417.05 | 934,955.95 | 959,156.45 | 1,131,206.40 | 1,186,304.50 | 1,106,857.00 | 1,137,989.50 | 1,220,707.50 |
Average Assets |
1,485,050.50 | 1,557,187.00 | 1,677,948.50 | 1,714,408.50 | 1,714,146.00 | 1,805,453.00 | 1,857,834.50 | 1,886,298.50 | 1,966,432.50 | 2,050,406.00 |
Average Common Equity |
111,651.00 | 117,200.00 | 123,773.30 | 125,365.70 | 114,127.60 | 109,570.25 | 108,819.50 | 107,817.80 | 114,479.25 | 121,850.80 |
Columns are period end dates