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

12.04 0.03 −0.25%
Market cap
$174.7B
P/E
9.8×
Fwd P/E
9.4×
Dividend yield
2.41%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Banco Santander, S.A. (SAN) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Banco Santander, S.A. (SAN) trades at a price to free cash flow of 35.0×. Over the past ten years it has ranged from 0.0× (September 2026) to 498× (July 2019); the current reading is higher than 88% of that period. That is above the Banks Diversified industry median of 8.8× and above the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 0.0× —
FY2024 0.0× —
FY2023 0.0× —
FY2022 2.1× 114.33%
FY2021 1.0× 62.05%
FY2020 0.6× (99.86%)
FY2019 439× —
FY2018 0.0× —
FY2017 2.1× (17.26%)
FY2016 2.5× (71.31%)

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 40.2× —
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
40 more quarters

Against its own ten years

Low 0.0× High 498×
Ten-year median 1.3×
Current reading's percentile 88

Price to free cash flow against peers

Company Price to free cash flow
C Citigroup Inc. compare n/m
SMFG Sumitomo Mitsui Financial Group Inc compare n/m
MUFG Mitsubishi UFJ Financial Group, Inc. compare n/m
HSBC HSBC Holdings plc compare 2.1×
BBVA Banco Bilbao Viscaya Argentaria S.A. compare 7.8×
WFC Wells Fargo & Company compare 8.9×
UBS UBS Group AG compare 12.6×
BNY BNY compare 14.1×
SAN Banco Santander, S.A. 35.0×
Banks Diversified industry median 8.8×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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