Sanofi SA (SAN) — Tangible Net Worth Ratio
Sanofi SA (SAN) has a Tangible Net Worth Ratio of 5.8% as of December 2025. This metric is calculated by deducting intangible assets (€67.56 Billion) from net assets (€71.71 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Sanofi SA annual equity growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Sanofi SA Tangible Net Worth Ratio (1999–2025)
This chart shows how Sanofi SA's Tangible Net Worth Ratio has changed across 27 annual periods from 1999 to 2025. As of December 2025, the ratio stands at 5.8%, reflecting net assets of €71.71 Billion with intangible assets of €67.56 Billion EUR. For live market cap and overall valuation, see market cap of Sanofi SA.
Annual Tangible Net Worth Ratio for Sanofi SA (1999–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Sanofi SA from 1999 to 2025, covering 27 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore reinvestment intensity of Sanofi SA to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 63.4% | €71.71 Billion | €26.26 Billion | €126.81 Billion | ▼ -7.6 pp |
| 2024 | 70.9% | €77.86 Billion | €22.63 Billion | €132.80 Billion | ▲ +3.6 pp |
| 2023 | 67.3% | €74.35 Billion | €24.32 Billion | €126.46 Billion | ▼ -3.1 pp |
| 2022 | 70.4% | €73.02 Billion | €21.64 Billion | €124.58 Billion | ▲ +1.4 pp |
| 2021 | 69.0% | €69.03 Billion | €21.41 Billion | €120.24 Billion | ▼ -1.9 pp |
| 2020 | 70.9% | €63.37 Billion | €18.42 Billion | €114.53 Billion | ▼ -1.1 pp |
| 2019 | 72.1% | €59.11 Billion | €16.51 Billion | €112.74 Billion | ▲ +9.1 pp |
| 2018 | 62.9% | €59.03 Billion | €21.89 Billion | €111.41 Billion | ▼ -14.6 pp |
| 2017 | 77.5% | €58.24 Billion | €13.08 Billion | €99.81 Billion | ▼ -3.6 pp |
| 2016 | 81.2% | €57.72 Billion | €10.88 Billion | €104.67 Billion | ▲ +1.8 pp |
| 2015 | 79.3% | €58.21 Billion | €12.03 Billion | €102.32 Billion | ▲ +5.2 pp |
| 2014 | 74.2% | €56.27 Billion | €14.54 Billion | €97.39 Billion | ▲ +1.1 pp |
| 2013 | 73.0% | €57.03 Billion | €15.39 Billion | €96.06 Billion | ▲ +8.1 pp |
| 2012 | 64.9% | €57.47 Billion | €20.19 Billion | €100.41 Billion | ▲ +6.8 pp |
| 2011 | 58.1% | €56.37 Billion | €23.64 Billion | €100.67 Billion | ▼ -18.5 pp |
| 2010 | 76.6% | €53.29 Billion | €12.48 Billion | €85.26 Billion | ▲ +5.0 pp |
| 2009 | 71.6% | €48.45 Billion | €13.75 Billion | €80.05 Billion | ▲ +5.5 pp |
| 2008 | 66.1% | €45.07 Billion | €15.26 Billion | €71.99 Billion | ▲ +9.0 pp |
| 2007 | 57.1% | €44.72 Billion | €19.18 Billion | €69.00 Billion | ▲ +8.9 pp |
| 2006 | 48.2% | €45.82 Billion | €23.74 Billion | €74.27 Billion | ▲ +13.4 pp |
| 2005 | 34.8% | €46.32 Billion | €30.21 Billion | €86.94 Billion | ▲ +82.9 pp |
| 2004 | -48.2% | €41.52 Billion | €61.52 Billion | €85.41 Billion | ▼ -132.1 pp |
| 2003 | 83.9% | €6.33 Billion | €1.02 Billion | €9.73 Billion | ▲ +5.3 pp |
| 2002 | 78.6% | €6.06 Billion | €1.30 Billion | €9.47 Billion | ▼ -9.9 pp |
| 2001 | 88.5% | €5.79 Billion | €668.00 Million | €9.97 Billion | ▼ -4.2 pp |
| 2000 | 92.6% | €4.33 Billion | €319.00 Million | €7.84 Billion | ▼ -0.2 pp |
| 1999 | 92.9% | €3.61 Billion | €258.00 Million | €6.82 Billion | — |