Banco Santander S.A. (SAN) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.718x

Based on the latest financial reports, Banco Santander S.A. (SAN) has a cash flow conversion efficiency ratio of 0.718x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (€80.93 Billion ≈ $94.61 Billion USD) by net assets (€112.75 Billion ≈ $131.81 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See SAN days of operational coverage to measure how many days the company can operate on defensive assets alone.

Banco Santander S.A. - Cash Flow Conversion Efficiency Trend (1991–2025)

This chart illustrates how Banco Santander S.A.'s cash flow conversion efficiency has evolved over time, based on yearly financial data.

Banco Santander S.A. Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Banco Santander S.A. ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Southern Copper Corporation NYSE:SCCO	0.143x
Union Pacific Corporation NYSE:UNP	0.126x
Abbott Laboratories NYSE:ABT	0.054x
Deutsche Telekom AG XETRA:DTE	0.117x
Novo Nordisk A/S CO:NOVO-B	0.039x
Corning Incorporated NYSE:GLW	0.029x
Siemens Energy AG F:ENR	0.272x
Schneider Electric S.E. PA:SU	0.202x

Annual Cash Flow Conversion Efficiency for Banco Santander S.A. (1991–2025)

The table below shows the annual cash flow conversion efficiency of Banco Santander S.A. from 1991 to 2025. For the full company profile with market capitalisation and key ratios, see how much is Banco Santander S.A. worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	€112.75 Billion ≈ $131.81 Billion	€83.53 Billion ≈ $97.66 Billion	0.741x	+429.19%
2024-12-31	€107.33 Billion ≈ $125.48 Billion	€-24.16 Billion ≈ $-28.24 Billion	-0.225x	-129.12%
2023-12-31	€104.24 Billion ≈ $121.87 Billion	€80.56 Billion ≈ $94.19 Billion	0.773x	+172.21%
2022-12-31	€97.58 Billion ≈ $114.09 Billion	€27.71 Billion ≈ $32.39 Billion	0.284x	-51.39%
2021-12-31	€97.05 Billion ≈ $113.47 Billion	€56.69 Billion ≈ $66.28 Billion	0.584x	-19.36%
2020-12-31	€91.32 Billion ≈ $106.77 Billion	€66.15 Billion ≈ $77.34 Billion	0.724x	+2265.32%
2019-12-31	€110.66 Billion ≈ $129.37 Billion	€3.39 Billion ≈ $3.96 Billion	0.031x	-3.75%
2018-12-31	€107.36 Billion ≈ $125.52 Billion	€3.42 Billion ≈ $3.99 Billion	0.032x	-91.54%
2017-12-31	€106.83 Billion ≈ $124.90 Billion	€40.19 Billion ≈ $46.98 Billion	0.376x	+77.03%
2016-12-31	€102.70 Billion ≈ $120.07 Billion	€21.82 Billion ≈ $25.51 Billion	0.212x	+63.21%
2015-12-31	€98.75 Billion ≈ $115.45 Billion	€12.86 Billion ≈ $15.03 Billion	0.130x	+396.53%
2014-12-31	€89.71 Billion ≈ $104.89 Billion	€-3.94 Billion ≈ $-4.61 Billion	-0.044x	+89.98%
2013-12-31	€79.52 Billion ≈ $92.96 Billion	€-34.85 Billion ≈ $-40.75 Billion	-0.438x	-246.32%
2012-12-31	€81.19 Billion ≈ $94.93 Billion	€24.32 Billion ≈ $28.43 Billion	0.300x	-31.04%
2011-12-31	€82.86 Billion ≈ $96.87 Billion	€35.99 Billion ≈ $42.08 Billion	0.434x	-32.24%
2010-12-31	€80.91 Billion ≈ $94.60 Billion	€51.87 Billion ≈ $60.65 Billion	0.641x	+362.59%
2009-12-31	€73.87 Billion ≈ $86.36 Billion	€-18.04 Billion ≈ $-21.09 Billion	-0.244x	-192.56%
2008-12-31	€60.00 Billion ≈ $70.15 Billion	€15.83 Billion ≈ $18.50 Billion	0.264x	-52.02%
2007-12-31	€57.56 Billion ≈ $67.29 Billion	€31.65 Billion ≈ $37.00 Billion	0.550x	+149.64%
2006-12-31	€47.07 Billion ≈ $55.03 Billion	€-52.14 Billion ≈ $-60.95 Billion	-1.108x	-27.72%
2005-12-31	€39.52 Billion ≈ $46.20 Billion	€-34.27 Billion ≈ $-40.07 Billion	-0.867x	-134.09%
2004-12-31	€36.50 Billion ≈ $42.67 Billion	€-13.52 Billion ≈ $-15.81 Billion	-0.370x	-2739.91%
1996-12-31	€110.94 Billion ≈ $129.70 Billion	€1.56 Billion ≈ $1.82 Billion	0.014x	+29.31%
1995-12-31	€98.27 Billion ≈ $114.89 Billion	€1.07 Billion ≈ $1.25 Billion	0.011x	+9.66%
1994-12-31	€86.52 Billion ≈ $101.15 Billion	€856.23 Million ≈ $1.00 Billion	0.010x	-97.73%
1993-12-31	€3.60 Billion ≈ $4.21 Billion	€1.57 Billion ≈ $1.83 Billion	0.436x	+42.20%
1992-12-31	€2.88 Billion ≈ $3.37 Billion	€884.32 Million ≈ $1.03 Billion	0.307x	-29.80%
1991-12-31	€2.52 Billion ≈ $2.94 Billion	€1.10 Billion ≈ $1.29 Billion	0.437x	--

About Banco Santander S.A.

MC:SAN Spain Banks - Diversified

Market Cap

$200.28 Billion

€171.31 Billion EUR

Market Cap Rank

#152 Global

#2 in Spain

Share Price

€11.90

Change (1 day)

+2.25%

52-Week Range

€6.80 - €11.90

All Time High

€11.90