Banco Santander S.A. (SAN) — Cash Flow Quality Index
Banco Santander S.A. (SAN) has a Cash Flow Quality Index of 38.01x as of December 2025. Operating cash flow of €80.93 Billion exceeds net income of €2.13 Billion, indicating high earnings quality where cash backs reported profits. Explore investment intensity of Banco Santander S.A. to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Banco Santander S.A. Cash Flow Quality Index (1991–2025)
Historical Cash Flow Quality Index for Banco Santander S.A. across 27 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Banco Santander S.A. (SAN) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Banco Santander S.A. (1991–2025)
Year-by-year earnings quality comparison for Banco Santander S.A.. For live market cap and the full company financial profile, see Banco Santander S.A. market cap and net worth.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 6.65x | €83.53 Billion | €12.56 Billion | ▲ +446.2% |
| 2024 | -1.92x | €-24.16 Billion | €12.57 Billion | ▼ -126.4% |
| 2023 | 7.27x | €80.56 Billion | €11.08 Billion | ▲ +182.6% |
| 2022 | 2.57x | €27.71 Billion | €10.76 Billion | ▼ -56.2% |
| 2021 | 5.87x | €56.69 Billion | €9.65 Billion | ▲ +1306.4% |
| 2019 | 0.42x | €3.39 Billion | €8.12 Billion | ▲ +13.9% |
| 2018 | 0.37x | €3.42 Billion | €9.31 Billion | ▼ -92.5% |
| 2017 | 4.90x | €40.19 Billion | €8.21 Billion | ▲ +68.0% |
| 2016 | 2.92x | €21.82 Billion | €7.49 Billion | ▲ +66.3% |
| 2015 | 1.75x | €12.86 Billion | €7.33 Billion | ▲ +408.6% |
| 2014 | -0.57x | €-3.94 Billion | €6.93 Billion | ▲ +91.0% |
| 2013 | -6.31x | €-34.85 Billion | €5.52 Billion | ▼ -177.0% |
| 2012 | 8.20x | €24.32 Billion | €2.97 Billion | ▲ +39.8% |
| 2011 | 5.86x | €35.99 Billion | €6.14 Billion | ▲ +2.9% |
| 2010 | 5.70x | €51.87 Billion | €9.10 Billion | ▲ +397.4% |
| 2009 | -1.92x | €-18.04 Billion | €9.41 Billion | ▼ -213.0% |
| 2008 | 1.70x | €15.83 Billion | €9.33 Billion | ▼ -48.4% |
| 2007 | 3.28x | €31.65 Billion | €9.64 Billion | ▲ +151.9% |
| 2006 | -6.32x | €-52.14 Billion | €8.25 Billion | ▼ -24.4% |
| 2005 | -5.08x | €-34.27 Billion | €6.74 Billion | ▼ -64.9% |
| 2004 | -3.08x | €-13.52 Billion | €4.39 Billion | ▼ -246.1% |
| 1996 | 2.11x | €1.56 Billion | €738.07 Million | ▲ +29.1% |
| 1995 | 1.63x | €1.07 Billion | €652.55 Million | ▲ +18.1% |
| 1994 | 1.38x | €856.23 Million | €618.53 Million | ▼ -63.2% |
| 1993 | 3.77x | €1.57 Billion | €416.47 Million | ▲ +81.7% |
| 1992 | 2.07x | €884.32 Million | €426.52 Million | ▲ +3.7% |
| 1991 | 2.00x | €1.10 Billion | €549.65 Million | — |