Banco Santander Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 10, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	137,322	172,306	69,093	67,002	48,825	56,137
Market Cap Growth	46.90%	149.38%	3.12%	37.23%	-13.03%	6.32%
Enterprise Value	-	506,274	69,093	375,581	329,164	312,423
PE Ratio	10.19	11.11	5.68	5.76	5.12	6.63
Forward PE	9.34	-	-	-	-	-
PS Ratio	2.93	4.00	0.39	0.41	0.37	0.87
PB Ratio	1.22	13.89	0.70	-	-	1.04
P/TBV Ratio	-	-	0.72	-	-	1.05
P/FCF Ratio	-	-	-4.41	4.07	1.33	0.84
P/OCF Ratio	-	-	-2.86	13.36	1.76	0.99
EV/Sales Ratio	-	11.76	0.39	2.29	2.52	4.87
EV/EBITDA Ratio	-	-	20.98	117.96	110.27	113.36
EV/FCF Ratio	-	-	-4.41	22.82	8.95	4.68
Debt / Equity Ratio	2.88	2.88	0	-	-	2.06
Debt / EBITDA Ratio	-	-	-	96.92	93.92	89.32
Debt / FCF Ratio	102.79	-	-	18.75	7.62	3.69
Net Debt / Equity Ratio	26.15	26.15	-	-	-	4.54
Net Debt / EBITDA Ratio	-	-	-	96.92	93.92	89.32
Net Debt / FCF Ratio	102.79	-	-	18.75	7.62	3.69
Asset Turnover	0.02	0.02	0.10	0.09	0.15	0.09
Return on Equity (ROE)	13.21%	13.21%	27.88%	-	17.99%	5.93%
Earnings Yield	9.82%	9.00%	17.60%	17.36%	19.53%	15.09%
FCF Yield	-15.07%	0.00%	-22.67%	24.57%	75.31%	118.83%
Dividend Yield	2.03%	0.00%	-4.44%	-3.73%	-3.99%	-2.63%
Payout Ratio	23.69%	0.00%	-21.95%	-18.56%	-17.17%	-13.60%
Buyback Yield / Dilution	-	0.00%	-8.04%	-5.87%	-5.37%	-4.45%
Total Shareholder Return	-	0.00%	-12.48%	-9.60%	-9.36%	-7.08%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.