ITUB
Itaú Unibanco Holding S.A.
Banks - Regional
Market Cap$93.13B
5Y Perf.+165.7%
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Stock Comparison
ITUB vs BSBR
Revenue, margins, valuation, and 5-year total return — side by side.
BSBR
Banco Santander (Brasil) S.A.
Banks - Regional
Market Cap$44.79B
5Y Perf.+32.9%
ITUB vs BSBR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ITUB | BSBR |
|---|---|---|
| Industry | Banks - Regional | Banks - Regional |
| Market Cap | $93.13B | $44.79B |
| Revenue (TTM) | $384.58B | $151.54B |
| Net Income (TTM) | $44.86B | $12.69B |
| Gross Margin | 34.5% | 27.5% |
| Operating Margin | 13.1% | 11.0% |
| Forward P/E | 1.8x | 6.7x |
| Total Debt | $1.01T | $129.96B |
| Cash & Equiv. | $270.61B | $201.98B |
ITUB vs BSBR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
ITUB
BSBR
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Itaú Unibanco Holdi… (ITUB) | 100 | 265.7 | +165.7% |
| Banco Santander (Br… (BSBR) | 100 | 132.9 | +32.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ITUB vs BSBR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: ITUB leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Banco Santander (Brasil) S.A. is the stronger pick specifically for profitability and margin quality and operational efficiency and capital deployment. As sector peers, any of these can serve as alternatives in the same allocation.
ITUB
Itaú Unibanco Holding S.A.
The Banking Pick
ITUB carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 4 yrs, beta 1.11, yield 10.1%
- Rev growth 18.0%, EPS growth 4.0%
- 196.3% 10Y total return vs BSBR's 105.9%
Best for: income & stability and growth exposure
BSBR
Banco Santander (Brasil) S.A.
The Banking Pick
BSBR is the clearest fit if your priority is bank quality.
- NIM 4.5% vs ITUB's 1.2%
- Efficiency ratio 0.2% vs ITUB's 0.2% (lower = leaner)
- Efficiency ratio 0.2% vs ITUB's 0.2%
Best for: bank quality
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | ITUB | 18.0% NII/revenue growth vs BSBR's 17.5% |
| Value | ITUB | Lower P/E (1.8x vs 6.7x) |
| Quality / Margins | BSBR | Efficiency ratio 0.2% vs ITUB's 0.2% (lower = leaner) |
| Stability / Safety | ITUB | Beta 1.11 vs BSBR's 1.11 |
| Dividends | ITUB | 10.1% yield, 4-year raise streak, vs BSBR's 5.8% |
| Momentum (1Y) | ITUB | +48.5% vs BSBR's +26.7% |
| Efficiency (ROA) | BSBR | Efficiency ratio 0.2% vs ITUB's 0.2% |
ITUB vs BSBR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLITUBLAGGINGBSBR
BSBRBanco Santander (Bras…
1leads
ITUBItaú Unibanco Holding…
5leads
6 Total Categories
CATEGORYLEADERvs BSBRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
ITUB5/5
Valuation MetricsMultiples, price ratios, and targets
ITUB4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BSBR6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
ITUB6/6
Risk & VolatilityBeta, volatility, and downside exposure
ITUB2/2
Analyst OutlookRatings, price targets, and dividends
ITUB2/2
Income & Cash Flow (Last 12 Months)
ITUB leads this category, winning 5 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
ITUB is the larger business by revenue, generating $384.6B annually — 2.5x BSBR's $151.5B. Profitability is closely matched — net margins range from 11.7% (ITUB) to 8.4% (BSBR).
| Metric | ITUBItaú Unibanco Hol… | BSBRBanco Santander (… |
|---|---|---|
| RevenueTrailing 12 months | $384.6B | $151.5B |
| EBITDAEarnings before interest/tax | $57.6B | $18.5B |
| Net IncomeAfter-tax profit | $44.9B | $12.7B |
| Free Cash FlowCash after capex | $117.6B | $5.5B |
| Gross MarginGross profit ÷ Revenue | +34.5% | +27.5% |
| Operating MarginEBIT ÷ Revenue | +13.1% | +11.0% |
| Net MarginNet income ÷ Revenue | +11.7% | +8.4% |
| FCF MarginFCF ÷ Revenue | +33.3% | +0.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -11.4% | -37.3% |
ITUB leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
ITUB leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 10.6x trailing earnings, ITUB trades at a 41% valuation discount to BSBR's 18.1x P/E. On an enterprise value basis, BSBR's 7.7x EV/EBITDA is more attractive than ITUB's 20.9x.
| Metric | ITUBItaú Unibanco Hol… | BSBRBanco Santander (… |
|---|---|---|
| Market CapShares × price | $93.1B | $44.8B |
| Enterprise ValueMkt cap + debt − cash | $243.4B | $30.2B |
| Trailing P/EPrice ÷ TTM EPS | 10.62x | 18.12x |
| Forward P/EPrice ÷ next-FY EPS est. | 1.80x | 6.69x |
| PEG RatioP/E ÷ EPS growth rate | 0.52x | — |
| EV / EBITDAEnterprise value multiple | 20.85x | 7.71x |
| Price / SalesMarket cap ÷ Revenue | 1.20x | 1.46x |
| Price / BookPrice ÷ Book value/share | 2.17x | 0.89x |
| Price / FCFMarket cap ÷ FCF | 3.59x | 165.52x |
ITUB leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
BSBR leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
ITUB delivers a 20.6% return on equity — every $100 of shareholder capital generates $21 in annual profit, vs $10 for BSBR. BSBR carries lower financial leverage with a 1.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to ITUB's 4.71x. On the Piotroski fundamental quality scale (0–9), BSBR scores 5/9 vs ITUB's 4/9, reflecting solid financial health.
| Metric | ITUBItaú Unibanco Hol… | BSBRBanco Santander (… |
|---|---|---|
| ROE (TTM)Return on equity | +20.6% | +10.2% |
| ROA (TTM)Return on assets | +1.5% | +1.0% |
| ROICReturn on invested capital | +3.2% | +4.9% |
| ROCEReturn on capital employed | +2.8% | +3.7% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 4.71x | 1.03x |
| Net DebtTotal debt minus cash | $742.0B | -$72.0B |
| Cash & Equiv.Liquid assets | $270.6B | $202.0B |
| Total DebtShort + long-term debt | $1.01T | $130.0B |
| Interest CoverageEBIT ÷ Interest expense | 0.23x | 0.16x |
BSBR leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
ITUB leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ITUB five years ago would be worth $26,251 today (with dividends reinvested), compared to $11,321 for BSBR. Over the past 12 months, ITUB leads with a +48.5% total return vs BSBR's +26.7%. The 3-year compound annual growth rate (CAGR) favors ITUB at 27.7% vs BSBR's 6.9% — a key indicator of consistent wealth creation.
| Metric | ITUBItaú Unibanco Hol… | BSBRBanco Santander (… |
|---|---|---|
| YTD ReturnYear-to-date | +18.0% | -0.4% |
| 1-Year ReturnPast 12 months | +48.5% | +26.7% |
| 3-Year ReturnCumulative with dividends | +108.2% | +22.2% |
| 5-Year ReturnCumulative with dividends | +162.5% | +13.2% |
| 10-Year ReturnCumulative with dividends | +196.3% | +105.9% |
| CAGR (3Y)Annualised 3-year return | +27.7% | +6.9% |
ITUB leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
ITUB leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ITUB is the less volatile stock with a 1.11 beta — it tends to amplify market swings less than BSBR's 1.11 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ITUB currently trades 88.0% from its 52-week high vs BSBR's 81.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ITUBItaú Unibanco Hol… | BSBRBanco Santander (… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.11x | 1.11x |
| 52-Week HighHighest price in past year | $9.60 | $7.32 |
| 52-Week LowLowest price in past year | $6.05 | $4.62 |
| % of 52W HighCurrent price vs 52-week peak | +88.0% | +81.7% |
| RSI (14)Momentum oscillator 0–100 | 45.3 | 42.0 |
| Avg Volume (50D)Average daily shares traded | 24.3M | 964K |
ITUB leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
ITUB leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates ITUB as "Buy" and BSBR as "Buy". Consensus price targets imply 20.4% upside for BSBR (target: $7) vs -24.5% for ITUB (target: $6). For income investors, ITUB offers the higher dividend yield at 10.14% vs BSBR's 5.78%.
| Metric | ITUBItaú Unibanco Hol… | BSBRBanco Santander (… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $6.38 | $7.20 |
| # AnalystsCovering analysts | 12 | 11 |
| Dividend YieldAnnual dividend ÷ price | +10.1% | +5.8% |
| Dividend StreakConsecutive years of raises | 4 | 2 |
| Dividend / ShareAnnual DPS | $4.23 | $1.71 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.7% | 0.0% |
ITUB leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
ITUB leads in 5 of 6 categories (Income & Cash Flow, Valuation Metrics). BSBR leads in 1 (Profitability & Efficiency).
Best OverallItaú Unibanco Holding S.A. (ITUB)Leads 5 of 6 categories
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ITUB vs BSBR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is ITUB or BSBR a better buy right now?
For growth investors, Itaú Unibanco Holding S.
A. (ITUB) is the stronger pick with 18. 0% revenue growth year-over-year, versus 17. 5% for Banco Santander (Brasil) S. A. (BSBR). Itaú Unibanco Holding S. A. (ITUB) offers the better valuation at 10. 6x trailing P/E (1. 8x forward), making it the more compelling value choice. Analysts rate Itaú Unibanco Holding S. A. (ITUB) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ITUB or BSBR?
On trailing P/E, Itaú Unibanco Holding S.
A. (ITUB) is the cheapest at 10. 6x versus Banco Santander (Brasil) S. A. at 18. 1x. On forward P/E, Itaú Unibanco Holding S. A. is actually cheaper at 1. 8x.
03Which is the better long-term investment — ITUB or BSBR?
Over the past 5 years, Itaú Unibanco Holding S.
A. (ITUB) delivered a total return of +162. 5%, compared to +13. 2% for Banco Santander (Brasil) S. A. (BSBR). Over 10 years, the gap is even starker: ITUB returned +196. 3% versus BSBR's +105. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ITUB or BSBR?
By beta (market sensitivity over 5 years), Itaú Unibanco Holding S.
A. (ITUB) is the lower-risk stock at 1. 11β versus Banco Santander (Brasil) S. A. 's 1. 11β — meaning BSBR is approximately 0% more volatile than ITUB relative to the S&P 500. On balance sheet safety, Banco Santander (Brasil) S. A. (BSBR) carries a lower debt/equity ratio of 103% versus 5% for Itaú Unibanco Holding S. A. — giving it more financial flexibility in a downturn.
05Which is growing faster — ITUB or BSBR?
By revenue growth (latest reported year), Itaú Unibanco Holding S.
A. (ITUB) is pulling ahead at 18. 0% versus 17. 5% for Banco Santander (Brasil) S. A. (BSBR). On earnings-per-share growth, the picture is similar: Banco Santander (Brasil) S. A. grew EPS 87. 4% year-over-year, compared to 4. 0% for Itaú Unibanco Holding S. A.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — ITUB or BSBR?
Itaú Unibanco Holding S.
A. (ITUB) is the more profitable company, earning 11. 7% net margin versus 8. 4% for Banco Santander (Brasil) S. A. — meaning it keeps 11. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ITUB leads at 13. 1% versus 11. 0% for BSBR. At the gross margin level — before operating expenses — ITUB leads at 34. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is ITUB or BSBR more undervalued right now?
On forward earnings alone, Itaú Unibanco Holding S.
A. (ITUB) trades at 1. 8x forward P/E versus 6. 7x for Banco Santander (Brasil) S. A. — 4. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BSBR: 20. 4% to $7. 20.
08Which pays a better dividend — ITUB or BSBR?
All stocks in this comparison pay dividends.
Itaú Unibanco Holding S. A. (ITUB) offers the highest yield at 10. 1%, versus 5. 8% for Banco Santander (Brasil) S. A. (BSBR).
09Is ITUB or BSBR better for a retirement portfolio?
For long-horizon retirement investors, Itaú Unibanco Holding S.
A. (ITUB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 11), 10. 1% yield, +196. 3% 10Y return). Both have compounded well over 10 years (ITUB: +196. 3%, BSBR: +105. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between ITUB and BSBR?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(ITUB: 18.0% · BSBR: 17.5%)Net Margin>
%
(ITUB: 11.7% · BSBR: 8.4%)P/E Ratio<
x
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