SAP SE (SAPN) Ratios
SAP SE Ratios
MX:SAPN's free cash flow for Q3 2026 was $1.71B. For the 2026 fiscal year, MX:SAPN's free cash flow was decreased by $-165.78M and operating cash flow was $1.88B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.17 | 1.12 | 1.40 | 1.06 | 1.24 |
| Quick Ratio | 1.17 | 1.12 | 1.40 | 1.06 | 1.21 |
| Cash Ratio | 0.48 | 0.50 | 0.55 | 0.52 | 0.55 |
| Solvency Ratio | 0.34 | 0.16 | 0.30 | 0.13 | 0.23 |
| Operating Cash Flow Ratio | 0.53 | 0.27 | 0.43 | 0.32 | 0.39 |
| Short-Term Operating Cash Flow Coverage | 4.47 | 1.44 | 5.54 | 1.42 | 1.66 |
| Net Current Asset Value | $ -4.87B | $ -6.91B | $ -4.36B | $ -10.74B | $ -9.60B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.11 | 0.14 | 0.13 | 0.18 | 0.21 |
| Debt-to-Equity Ratio | 0.18 | 0.23 | 0.20 | 0.33 | 0.39 |
| Debt-to-Capital Ratio | 0.15 | 0.19 | 0.17 | 0.25 | 0.28 |
| Long-Term Debt-to-Capital Ratio | 0.12 | 0.10 | 0.12 | 0.15 | 0.19 |
| Financial Leverage Ratio | 1.57 | 1.63 | 1.58 | 1.80 | 1.83 |
| Debt Service Coverage Ratio | 2.66 | 1.17 | 2.56 | 1.11 | 1.98 |
| Interest Coverage Ratio | 6.99 | 4.52 | 4.42 | 2.69 | 6.68 |
| Debt to Market Cap | 0.03 | 0.03 | 0.04 | 0.10 | 0.09 |
| Interest Debt Per Share | 8.10 | 10.02 | 8.66 | 13.06 | 13.64 |
| Net Debt to EBITDA | -0.01 | 0.15 | 0.08 | 0.49 | 0.57 |
| Profitability Margins | |||||
| Gross Profit Margin | 72.86% | 72.95% | 72.21% | 72.77% | 73.22% |
| EBIT Margin | 29.24% | 16.96% | 21.32% | 22.74% | 35.06% |
| EBITDA Margin | 32.81% | 20.70% | 25.72% | 28.06% | 40.76% |
| Operating Profit Margin | 26.14% | 13.65% | 18.58% | 20.03% | 23.40% |
| Pretax Profit Margin | 27.91% | 13.94% | 17.11% | 15.29% | 31.55% |
| Net Profit Margin | 19.46% | 9.14% | 19.67% | 7.74% | 19.50% |
| Continuous Operations Profit Margin | 19.91% | 9.22% | 11.54% | 10.39% | 25.32% |
| Net Income Per EBT | 69.73% | 65.58% | 114.94% | 50.61% | 61.80% |
| EBT Per EBIT | 106.76% | 102.12% | 92.10% | 76.31% | 134.83% |
| Return on Assets (ROA) | 10.18% | 4.21% | 8.98% | 3.17% | 7.39% |
| Return on Equity (ROE) | 16.00% | 6.88% | 14.22% | 5.69% | 13.53% |
| Return on Capital Employed (ROCE) | 18.11% | 8.48% | 10.80% | 10.81% | 11.46% |
| Return on Invested Capital (ROIC) | 12.44% | 5.23% | 6.70% | 6.81% | 8.55% |
| Return on Tangible Assets | 18.33% | 7.76% | 16.71% | 6.49% | 14.55% |
| Earnings Yield | 2.97% | 1.13% | 3.76% | 2.03% | 3.62% |
| Efficiency Ratios | |||||
| Receivables Turnover | 5.06 | 4.42 | 4.48 | 4.73 | 3.99 |
| Payables Turnover | 4.11 | 4.64 | 4.86 | 3.75 | 4.57 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 12.28 |
| Fixed Asset Turnover | 8.18 | 7.61 | 7.30 | 5.98 | 5.42 |
| Asset Turnover | 0.52 | 0.46 | 0.46 | 0.41 | 0.38 |
| Working Capital Turnover Ratio | 13.81 | 8.28 | 8.86 | 11.75 | 8.80 |
| Cash Conversion Cycle | -16.72 | 4.05 | 6.48 | -20.34 | 41.32 |
| Days of Sales Outstanding | 72.14 | 82.63 | 81.51 | 77.11 | 91.48 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 29.73 |
| Days of Payables Outstanding | 88.86 | 78.58 | 75.03 | 97.45 | 79.89 |
| Operating Cycle | 72.14 | 82.63 | 81.51 | 77.11 | 121.21 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 7.85 | 4.48 | 5.43 | 4.83 | 5.28 |
| Free Cash Flow Per Share | 7.22 | 3.79 | 4.75 | 4.08 | 4.68 |
| Dividend Paid and CapEx Coverage Ratio | 2.63 | 1.55 | 1.99 | 1.51 | 2.16 |
| Capital Expenditure Coverage Ratio | 12.39 | 6.55 | 8.07 | 6.46 | 8.88 |
| Operating Cash Flow Coverage Ratio | 1.13 | 0.49 | 0.72 | 0.43 | 0.41 |
| Operating Cash Flow to Sales Ratio | 0.25 | 0.15 | 0.20 | 0.19 | 0.23 |
| Free Cash Flow Yield | 3.49% | 1.60% | 3.40% | 4.23% | 3.80% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 32.92 | 88.72 | 26.59 | 49.37 | 27.65 |
| Price-to-Sales (P/S) Ratio | 6.55 | 8.11 | 5.23 | 3.82 | 5.39 |
| Price-to-Book (P/B) Ratio | 5.39 | 6.10 | 3.78 | 2.81 | 3.74 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 28.64 | 62.68 | 29.42 | 23.63 | 26.32 |
| Price-to-Operating Cash Flow Ratio | 26.33 | 53.11 | 25.78 | 19.97 | 23.36 |
| Price-to-Earnings Growth (PEG) Ratio | 0.25 | -1.81 | 0.16 | -0.87 | 5.73 |
| Enterprise Value Multiple | 19.95 | 39.33 | 20.42 | 14.11 | 13.80 |
| Enterprise Value | 240.91B | 278.28B | 163.88B | 116.83B | 151.59B |
| EV to EBITDA | 19.95 | 39.33 | 20.42 | 14.11 | 13.80 |
| EV to Sales | 6.55 | 8.14 | 5.25 | 3.96 | 5.62 |
| EV to Free Cash Flow | 28.62 | 62.92 | 29.54 | 24.48 | 27.45 |
| EV to Operating Cash Flow | 26.31 | 53.31 | 25.88 | 20.69 | 24.36 |
| Tangible Book Value Per Share | 11.96 | 10.25 | 10.12 | 5.05 | 5.48 |
| Shareholders’ Equity Per Share | 38.38 | 38.97 | 36.98 | 34.30 | 32.94 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.29 | 0.34 | 0.33 | 0.32 | 0.20 |
| Revenue Per Share | 31.56 | 29.31 | 26.74 | 25.23 | 22.85 |
| Net Income Per Share | 6.14 | 2.68 | 5.26 | 1.95 | 4.46 |
| Tax Burden | 0.70 | 0.66 | 1.15 | 0.51 | 0.62 |
| Interest Burden | 0.95 | 0.82 | 0.80 | 0.67 | 0.90 |
| Research & Development to Revenue | 0.18 | 0.19 | 0.20 | 0.21 | 0.20 |
| SG&A to Revenue | 0.29 | 0.31 | 0.04 | 0.04 | 0.04 |
| Stock-Based Compensation to Revenue | 0.05 | 0.00 | 0.07 | 0.05 | 0.05 |
| Income Quality | 1.25 | 1.67 | 1.06 | 2.47 | 0.91 |
Currency in EUR