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Friday 6 November 2026
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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.
- Revenue
- −73.3%
- EPS
- −3.70%
- Free cash flow
- +381.0%
Quarter to September 2026, against a year earlier
11.73
0.28
−2.33%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
11.50 | 5.92 | 5.96 | 5.17 | 6.45 | 0.00 | 7.78 | 8.57 | 14.78 | 12.25 |
Piotroski F-Score |
5 | 6 | 6 | 6 | 7 | 4 | 3 | 4 | 6 | 6 |
P/S ratio |
1.31 | 0.54 | 0.52 | 0.56 | 0.87 | 1.02 | 0.92 | 0.91 | 1.29 | 1.03 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 2.14 | 1.00 | 0.62 | 439.32 | 0.00 | 2.10 | 2.54 |
P/Operating CF |
(22.84) | 5.63 | 7.08 | (3.64) | 2.61 | 0.76 | 8.67 | 19.51 | 2.25 | 3.22 |
P/B ratio |
1.37 | 0.63 | 0.60 | 0.49 | 0.53 | 0.53 | 0.69 | 0.58 | 0.85 | 0.68 |
Price to Tangible BV |
1.62 | 0.77 | 0.74 | 0.61 | 0.64 | 0.66 | 0.96 | 0.79 | 1.16 | 0.96 |
EV/Sales |
0.84 | (0.15) | 0.99 | 1.08 | (0.04) | 1.24 | 3.19 | 3.49 | 3.36 | 12.87 |
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 |
(6.70) | 0.48 | 23.46 | 3.32 | (0.05) | 0.66 | 25.05 | 69.85 | 4.15 | 21.52 |
EV/FCF |
(5.75) | 0.42 | (75.70) | 4.10 | (0.05) | 0.75 | 1,519.90 | (46.70) | 5.46 | 31.78 |
Quick Ratio |
0.33 | 0.36 | 0.34 | 0.34 | 0.28 | 0.30 | 0.29 | 0.31 | 0.31 | 1.73 |
Current Ratio |
0.33 | 0.36 | 0.35 | 0.34 | 0.28 | 0.30 | 0.29 | 0.31 | 1.36 | 8.09 |
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 |
19.00% | 24.16% | 24.57% | 24.76% | 17.13% | 29.63% | 27.25% | 29.78% | 28.23% | 77.26% |
Debt/Equity |
3.15 | 4.14 | 4.24 | 4.40 | 2.82 | 4.89 | 3.75 | 4.05 | 3.82 | 10.07 |
Asset Turnover |
0.07 | 0.07 | 0.07 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 |
Operating CF/Net income |
(1.05) | (2.02) | 0.47 | 3.05 | 6.98 | (7.10) | 0.57 | 0.47 | 6.46 | 3.72 |
Capex/Depreciation |
(0.77) | (1.41) | (2.06) | (1.77) | (1.82) | (2.32) | (3.35) | (3.52) | (2.23) | (2.23) |
| 13.09% | 11.30% | 10.62% | 8.79% | 8.77% | (9.33%) | 5.29% | 6.92% | 6.00% | 5.82% | |
| 0.78% | 0.66% | 0.61% | 0.51% | 0.53% | (0.62%) | 0.39% | 0.51% | 0.45% | 0.44% | |
ROIC |
34.02% | 15.69% | 11.61% | 11.64% | 32.36% | 5.00% | 5.78% | 5.20% | 5.71% | 1.41% |
Return on Tangible Assets |
(1.75%) | (1.63%) | (1.49%) | (1.28%) | (1.02%) | 1.50% | (0.96%) | (1.29%) | 1.85% | 0.61% |
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 |
20.35% | 20.54% | 20.59% | 26.82% | 36.07% | 35.59% | 32.11% | 33.04% | 33.01% | 31.24% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
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 |
(8.71) | (19.37) | (20.68) | (26.09) | (22.71) | (24.65) | (16.65) | (17.57) | (1.85) | (2.39) |
Graham Number |
14.02 | 11.78 | 10.48 | 8.92 | 8.43 | 0.00 | 0.00 | 9.14 | 8.42 | 8.34 |
Earnings Yield |
8.70% | 16.89% | 16.79% | 19.33% | 15.50% | (19.05%) | 12.85% | 11.67% | 6.77% | 8.16% |
Free Cash Flow Yield |
(11.20%) | (66.30%) | (2.49%) | 46.74% | 100.18% | 162.33% | 0.23% | (8.23%) | 47.64% | 39.41% |
Revenue per Share |
8.97 | 0.89 | 7.99 | 5.31 | 3.80 | 3.83 | 4.58 | 4.72 | 4.86 | 4.95 |
Operating CF per Share |
(1.13) | (0.17) | 0.34 | 1.73 | 3.62 | 4.36 | 0.22 | 0.24 | 2.79 | 1.58 |
Capex per Share |
(0.19) | (0.03) | (0.44) | (0.33) | (0.32) | (0.43) | (0.65) | (0.59) | (0.40) | (0.38) |
Free Cash Flow per Share |
(1.31) | (0.20) | (0.10) | 1.40 | 3.30 | 3.93 | (0.43) | (0.35) | 2.39 | 1.20 |
Cash per Share |
31.13 | 2.95 | 25.85 | 24.12 | 20.90 | 18.34 | 17.56 | 18.01 | 18.50 | 16.57 |
Shareholders Equity per Share |
8.57 | 0.75 | 6.98 | 6.10 | 6.19 | 6.02 | 7.16 | 7.41 | 7.41 | 7.45 |
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 |
8.57 | 0.75 | 6.98 | 6.10 | 6.19 | 6.02 | 7.16 | 7.41 | 7.41 | 7.45 |
Free Cash Flow |
(19,559.64) | (31,150.42) | (1,681.89) | 23,625.93 | 61,130.78 | 68,134.77 | (7,462.56) | (6,033.73) | 38,894.76 | 18,314.23 |
Working Capital |
(943,789.70) | (829,582.90) | (806,689.90) | (782,531.80) | (982,462.70) | (745,266.30) | (730,612.10) | (696,859.80) | 353,394.10 | 1,036,308.10 |
Capital Expenditures |
(2,775.32) | (5,012.29) | (7,109.63) | (5,565.11) | (5,940.35) | (7,431.80) | (11,258.24) | (10,068.03) | (6,529.74) | (5,835.10) |
Net Current Asset Value |
(1,521,750.70) | (1,414,621.90) | (1,394,615.90) | (1,318,512.80) | (1,385,575.70) | (1,300,939.30) | (1,277,550.10) | (1,288,624.80) | (189,486.00) | (185,728.00) |
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 |
0.02 | 0.04 | 0.06 | 0.06 | 0.08 | 0.11 | 0.14 | 0.12 | 0.08 | 0.08 |
Price to Operating Income |
4.90 | 2.19 | 2.10 | 1.82 | 2.32 | 0.00 | 2.74 | 2.66 | 4.00 | 3.42 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.12 | 0.10 | 0.09 | 0.09 | 0.08 | 0.09 | 0.09 | 0.09 | 0.11 | 0.10 |
Cash ROIC |
(1.97%) | (2.96%) | (0.17%) | 2.46% | 7.40% | 7.31% | (0.84%) | (0.64%) | 4.40% | 1.21% |
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 |
0.06 | 0.06 | 0.06 | 0.03 | 0.01 | 0.02 | 0.03 | 0.03 | 0.05 | 0.07 |
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 |
7,058.40 | 5,833.72 | 6,165.68 | 11,406.89 | 30,449.31 | 22,550.24 | 14,370.48 | 14,255.46 | 13,054.57 | 526.14 |
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 |
1,220,707.50 | 1,137,989.50 | 1,106,857.00 | 1,186,304.50 | 1,131,206.40 | 959,156.45 | 934,955.95 | 900,417.05 | 458,729.24 | 398,464.44 |
Average Assets |
2,050,406.00 | 1,966,432.50 | 1,886,298.50 | 1,857,834.50 | 1,805,453.00 | 1,714,146.00 | 1,714,408.50 | 1,677,948.50 | 1,557,187.00 | 1,485,050.50 |
Average Common Equity |
121,850.80 | 114,479.25 | 107,817.80 | 108,819.50 | 109,570.25 | 114,127.60 | 125,365.70 | 123,773.30 | 117,200.00 | 111,651.00 |
Columns are period end dates · fundamentals updated 5 Nov 2026