Banco Santander S.A. (SAN) — Cash Flow Reinvestment Rate
Banco Santander S.A. (SAN) has a Cash Flow Reinvestment Rate of 0.03x as of December 2025, reinvesting €2.65 Billion (capex €2.65 Billion ) from operating cash flow of €80.93 Billion. See Banco Santander S.A. (SAN) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Banco Santander S.A. Cash Flow Reinvestment Rate (1991–2025)
Historical reinvestment intensity for Banco Santander S.A. across 21 annual periods. For the full cash flow conversion analysis, see SAN cash generation efficiency.
Annual Cash Flow Reinvestment Rate for Banco Santander S.A. (1991–2025)
Year-by-year capital reinvestment analysis for Banco Santander S.A.. See SAN financial flexibility score to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (EUR) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.08x | €6.52 Billion | €83.53 Billion | €5.85 Billion | ▼ -66.9% |
| 2023 | 0.24x | €19.01 Billion | €80.56 Billion | €13.64 Billion | ▼ -55.6% |
| 2022 | 0.53x | €14.74 Billion | €27.71 Billion | €10.84 Billion | ▲ +152.4% |
| 2021 | 0.21x | €11.95 Billion | €56.69 Billion | €11.40 Billion | ▲ +57.3% |
| 2020 | 0.13x | €8.86 Billion | €66.15 Billion | €8.52 Billion | ▼ -96.9% |
| 2019 | 4.36x | €14.77 Billion | €3.39 Billion | €14.14 Billion | ▲ +2.6% |
| 2018 | 4.25x | €14.51 Billion | €3.42 Billion | €12.20 Billion | ▲ +1615.7% |
| 2017 | 0.25x | €9.95 Billion | €40.19 Billion | €8.99 Billion | ▼ -75.6% |
| 2016 | 1.01x | €22.10 Billion | €21.82 Billion | €8.34 Billion | ▲ +34.1% |
| 2015 | 0.76x | €9.71 Billion | €12.86 Billion | €9.24 Billion | ▲ +372.8% |
| 2012 | 0.16x | €3.89 Billion | €24.32 Billion | €3.89 Billion | ▲ +69.3% |
| 2011 | 0.09x | €3.40 Billion | €35.99 Billion | €3.40 Billion | ▼ -4.7% |
| 2010 | 0.10x | €5.14 Billion | €51.87 Billion | €5.14 Billion | ▼ -55.0% |
| 2008 | 0.22x | €3.49 Billion | €15.83 Billion | €3.49 Billion | ▲ +49.7% |
| 2007 | 0.15x | €4.66 Billion | €31.65 Billion | €4.66 Billion | ▼ -75.6% |
| 1996 | 0.60x | €939.66 Million | €1.56 Billion | €939.66 Million | ▼ -12.9% |
| 1995 | 0.69x | €739.20 Million | €1.07 Billion | €739.20 Million | ▼ -79.5% |
| 1994 | 3.38x | €2.90 Billion | €856.23 Million | €2.90 Billion | ▲ +1142.3% |
| 1993 | 0.27x | €427.31 Million | €1.57 Billion | €427.31 Million | ▼ -48.8% |
| 1992 | 0.53x | €470.46 Million | €884.32 Million | €470.46 Million | — |
| 1991 | 0.00x | €0.00 | €1.10 Billion | €0.00 | — |