NYSE · Financial Services

Synchrony Financial

SYF · Credit Services

$75.26

▲ 1.15 (1.55%)

Cached · 10 min

Overall Grade

Defensive

Enterprising

Profitability

A⤢

Net Income Margin 21.8%

Fin. Health

F⤢

Years to Pay Off Debt 20.4 yrs

Valuation

F⤢

Margin of Safety 0.0%

Price-to-Book 1.66x

Cash Flow

A⤢

Free Cash Flow $2.2B

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

About Synchrony Financial

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. The company provides credit products, such as credit cards, commercial credit products, and consumer installment loans. It also offers private label credit cards, dual and general purpose co-branded cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party firms. In addition, the company provides debt cancellation products to its credit card customers through online and mobile channels; and healthcare payments and financing solutions under the CareCredit and Walgreens brands; payments and financing solutions in the apparel, specialty retail, outdoor, music, and luxury industries, such as American Eagle, Dick's Sporting Goods, Guitar Center, Pandora, Polaris, Suzuki, and Sweetwater. It offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through various channels, such as digital and print. It serves digital, health and wellness, retail, home, auto, telecommunications, pet, outdoor, and other industries. The company was founded in 1932 and is headquartered in Stamford, Connecticut.

Market Data

Market Cap $25.3B

Enterprise Value $22.5B

P/E (TTM) 7.79

Dividend Yield 1.62%

Exchange NYSE

Key Margins

Gross Profit N/A

Operating Margin N/A

Net Margin 21.8%

Company Info

Sector Financial Services

Industry Credit Services

Employees 20000

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering Synchrony Financial at $75.26.

The business passes only 3 of 5 of Graham's defensive criteria — well below his required standard.

At $75.26, the stock trades at a 56% premium to its Graham Number of $48.13. Graham would consider this price speculative.

There is no margin of safety at the current price. Graham would advise patience and waiting for a better entry point.

Conclusion: By Graham's standards, this stock is speculative at its current price. The intelligent investor would look elsewhere or wait.

Showing Key Metrics

Income Highlights

Metric	Q1 2026	Q4 2025
Gross Profit %	N/A•	N/A
Operating Margin %	N/A•	N/A
Net Income %	21.8%▲	19.8%
Diluted EPS	2.27▲	2.04

Balance Sheet Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Total Assets	$121.5B	$119.1B	N/A
Total Debt	$16.4B▲	$15.2B•	N/A
Working Capital	N/A•	N/A•	N/A
Years to Pay Debt	20.41	20.22	N/A

Cash Flow Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Free Cash Flow	$2.2B▼	$2.5B•	N/A
Owner Earnings	N/A	N/A	N/A
CapEx % of Net Income	N/A	N/A	N/A

Income Statement

	2026	2025
Tax Rate For Calcs	0	0
Net Income From Continuing Operation Net Minority Interest	805,000	751,000
Reconciled Depreciation	143,000	139,000
Net Interest Income	4,635,000	4,761,000
Interest Expense	968,000	973,000
Interest Income	5,603,000	5,734,000
Normalized Income	805,000	751,000
Net Income From Continuing And Discontinued Operation	805,000	751,000
Diluted Average Shares	346,000	357,600
Basic Average Shares	342,400	352,700
Diluted EPS	0	0
Basic EPS	0	0
Diluted NI Availto Com Stockholders	784,000	730,000
Net Income Common Stockholders	784,000	730,000
Preferred Stock Dividends	21,000	21,000
Net Income	805,000	751,000
Net Income Including Noncontrolling Interests	805,000	751,000
Net Income Continuous Operations	805,000	751,000
Tax Provision	242,000	201,000
Pretax Income	1,047,000	952,000
Selling General And Administration	629,000	723,000
Selling And Marketing Expense	114,000	148,000
General And Administrative Expense	515,000	575,000
Salaries And Wages	515,000	575,000
Total Revenue	3,698,000	3,793,000
Operating Revenue	3,698,000	3,793,000
Professional Expense And Contract Services Expense	209,000	243,000
Other Non Interest Expense	478,000	433,000

Balance Sheet

	2026	2025	2024
Treasury Shares Number	497,185	487,000
Preferred Shares Number	50,000	50,000
Ordinary Shares Number	336,800	347,400
Share Issued	833,985	834,400
Net Debt		209,000	751,000
Total Debt	16,428,000	15,182,000
Tangible Book Value	12,669,000	12,926,000
Invested Capital	31,683,000	30,726,000
Net Tangible Assets	13,891,000	14,148,000
Common Stock Equity	15,255,000	15,544,000
Preferred Stock Equity	1,222,000	1,222,000
Total Capitalization	32,905,000	31,948,000
Total Equity Gross Minority Interest	16,477,000	16,766,000
Stockholders Equity	16,477,000	16,766,000
Gains Losses Not Affecting Retained Earnings	-56,000	-48,000
Foreign Currency Translation Adjustments	-52,000	-50,000
Minimum Pension Liabilities	8,000	8,000
Unrealized Gain Loss	-12,000	-6,000
Treasury Stock	19,744,000	18,909,000
Retained Earnings	25,210,000	24,598,000
Additional Paid In Capital	9,844,000	9,902,000
Capital Stock	1,223,000	1,223,000
Common Stock	1,000	1,000
Preferred Stock	1,222,000	1,222,000
Total Liabilities Net Minority Interest	105,024,000	102,329,000
Long Term Debt And Capital Lease Obligation	16,428,000	15,182,000
Long Term Debt	16,428,000	15,182,000
Total Assets	121,501,000	119,095,000
Investments And Advances	3,040,000	2,348,000
Goodwill And Other Intangible Assets	2,586,000	2,618,000
Other Intangible Assets	1,223,000	1,255,000
Goodwill	1,363,000	1,363,000
Other Short Term Investments	3,040,000	2,348,000
Cash And Cash Equivalents	20,559,000	14,973,000
Cash Cash Equivalents And Federal Funds Sold	20,559,000	14,973,000

Cash Flow

	2026	2025	2024
Free Cash Flow	2,183,000	2,454,000
Repurchase Of Capital Stock	-900,000	-962,000
Repayment Of Debt	0	0
Issuance Of Debt	1,243,000	747,000
End Cash Position	20,603,000	15,017,000
Beginning Cash Position	15,017,000	16,287,000
Changes In Cash	5,586,000	-1,270,000
Financing Cash Flow	1,879,000	918,000
Cash Flow From Continuing Financing Activities	1,879,000	918,000
Net Other Financing Charges	-87,000	4,000
Cash Dividends Paid	-125,000	-127,000
Preferred Stock Dividend Paid	-21,000	-21,000
Common Stock Dividend Paid	-104,000	-106,000
Net Common Stock Issuance	-900,000	-962,000
Common Stock Payments	-900,000	-962,000
Net Issuance Payments Of Debt	1,243,000	747,000
Net Long Term Debt Issuance	1,243,000	747,000
Long Term Debt Payments	0	0
Long Term Debt Issuance	1,243,000	747,000
Investing Cash Flow	1,524,000	-4,642,000
Cash Flow From Continuing Investing Activities	1,524,000	-4,642,000
Net Other Investing Changes	-144,000	-63,000
Net Investment Purchase And Sale	-690,000	371,000
Sale Of Investment	500,000	381,000
Purchase Of Investment	-1,190,000	-10,000
Net Business Purchase And Sale		-161,000	0
Purchase Of Business		-161,000	0
Operating Cash Flow	2,183,000	2,454,000
Cash Flow From Continuing Operating Activities	2,183,000	2,454,000
Change In Working Capital	-334,000	-70,000
Change In Other Current Assets	102,000	9,000
Change In Payables And Accrued Expense	-312,000	248,000
Change In Accrued Expense	-312,000	248,000
Change In Receivables	-124,000	-327,000
Changes In Account Receivables	-124,000	-327,000
Other Non Cash Items	206,000	179,000
Deferred Tax	28,000	13,000
Deferred Income Tax	28,000	13,000
Depreciation Amortization Depletion	143,000	139,000
Depreciation And Amortization	143,000	139,000
Net Income From Continuing Operations	805,000	751,000

📊 Quarterly mode — Graham Fair Value & 7 Criteria require annual data. Switch to Annual for full analysis.

Quarter vs Same Quarter Last Year

YoY strips seasonality

Revenue Growth (YoY)

Prior year: $3.7B ▼ $3.7B -0.5%

Revenue growth vs same quarter last year strips seasonality. Consistent double-digit growth is a Buffett hallmark.

Net Margin

Prior year: 20.4% ▲ 21.8% +1.4pp

Net margin can be distorted by one-time items, tax timing, or interest costs — compare to operating margin for signal quality.

Quarterly Health Checks

3 Graham/Buffett criteria that are valid and reliable on quarterly data

✅ Adequate Size

Graham required scale for resilience. Quarterly revenue × 4 gives an annualised proxy.

$3.7B/qtr (≈$14.8B ann.)

vs > $1.5B annualised revenue

✅ Free Cash Flow

Buffett's most important single metric. A positive FCF quarter means the business generated real cash for owners after maintaining its asset base.

$2.2B

vs Positive

Operating Cash Flow

$2.2B

Latest quarter · Buffett's cash reality check

ROIC

N/A

Based on latest annual operating income

Market Cap / Net Assets

1.5x

Net Assets: $16.5B

Peers & Industry

No auto-detected peers for Credit Services. You can manually compare SYF against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.35%

Low — management has little skin in the game

Return on Equity (ROE)

5.3%

Weak — poor returns on equity

Return on Assets (ROA)

0.7%

Poor — assets are not generating adequate returns

Share Buybacks (Latest Year)

$2.9B

Management is returning capital to shareholders via buybacks

Debt Trend YoY

+8.2% YoY

Debt is roughly stable

Leadership Team

Brian Doubles

President, CEO & Director

Age 49

Pay: $5,444,419

0.676% of net income

Brian Wenzel Sr.

Executive VP & CFO

Age 57

Pay: $2,438,359

0.303% of net income

Curtis Howse

Executive VP and CEO of Home & Auto

Age 61

Pay: $1,817,336

0.226% of net income

Kathryn Harmon Miller

Senior Vice President & Director of Investor Relations

Bart Schaller

Executive VP & CEO of Digital

Age 55

Top Institutional Holders

Institution	% Owned	Shares
Capital World Investors	10.05%	33,796,907
Blackrock Inc.	9.06%	30,479,074
Vanguard Capital Management LLC	6.72%	22,597,816
Vanguard Portfolio Management LLC	5.50%	18,504,717
State Street Corporation	5.27%	17,724,629
Bank of America Corporation	4.78%	16,064,618
Geode Capital Management, LLC	2.96%	9,948,699
Goldman Sachs Group Inc	2.85%	9,594,463

Risk Analysis

Beta (Market Risk)

1.32

Moderate volatility — moves slightly more than market

Short Interest

9.0% of float

Moderate short interest

52-Week Price Range

Low: $61.48 Current: $75.26 High: $88.77

Currently at 50% of 52-week range