Banco Santander S.A. (SAN) — Capital Reinvestment Ratio
Banco Santander S.A. (SAN) has a Capital Reinvestment Ratio of 0.03x as of December 2025, meaning it reinvests 0% of its operating cash flow (€80.93 Billion) in capital expenditures (€2.65 Billion). See Banco Santander S.A. (SAN) balance sheet quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Banco Santander S.A. Capital Reinvestment Ratio (1992–2025)
This chart tracks Banco Santander S.A.'s Capital Reinvestment Ratio across 20 annual periods. Check total reinvestment intensity of Banco Santander S.A. to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Banco Santander S.A. (1992–2025)
Year-by-year Capital Reinvestment Ratio for Banco Santander S.A. from 1992 to 2025. For live market cap and broader valuation context, see SAN stock market capitalisation.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.07x | €83.53 Billion | €5.85 Billion | ▼ -58.6% |
| 2023 | 0.17x | €80.56 Billion | €13.64 Billion | ▼ -56.7% |
| 2022 | 0.39x | €27.71 Billion | €10.84 Billion | ▲ +94.5% |
| 2021 | 0.20x | €56.69 Billion | €11.40 Billion | ▲ +56.2% |
| 2020 | 0.13x | €66.15 Billion | €8.52 Billion | ▼ -96.9% |
| 2019 | 4.17x | €3.39 Billion | €14.14 Billion | ▲ +16.9% |
| 2018 | 3.57x | €3.42 Billion | €12.20 Billion | ▲ +1496.2% |
| 2017 | 0.22x | €40.19 Billion | €8.99 Billion | ▼ -41.5% |
| 2016 | 0.38x | €21.82 Billion | €8.34 Billion | ▼ -46.8% |
| 2015 | 0.72x | €12.86 Billion | €9.24 Billion | ▲ +349.5% |
| 2012 | 0.16x | €24.32 Billion | €3.89 Billion | ▲ +69.3% |
| 2011 | 0.09x | €35.99 Billion | €3.40 Billion | ▼ -4.7% |
| 2010 | 0.10x | €51.87 Billion | €5.14 Billion | ▼ -55.0% |
| 2008 | 0.22x | €15.83 Billion | €3.49 Billion | ▲ +49.7% |
| 2007 | 0.15x | €31.65 Billion | €4.66 Billion | ▼ -75.6% |
| 1996 | 0.60x | €1.56 Billion | €939.66 Million | ▼ -12.9% |
| 1995 | 0.69x | €1.07 Billion | €739.20 Million | ▼ -79.5% |
| 1994 | 3.38x | €856.23 Million | €2.90 Billion | ▲ +1142.3% |
| 1993 | 0.27x | €1.57 Billion | €427.31 Million | ▼ -48.8% |
| 1992 | 0.53x | €884.32 Million | €470.46 Million | — |