Synchrony Financial, originally a spinoff of GE Capital's retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume.
It is a $23.7B financial services company. Revenue grew 2.9% over the last year, and it keeps 18¢ of every dollar of sales as profit. It trades at 6.7× earnings — around the middle of its own history.
- Website
- synchrony.com
- Location
- Stamford, CT
- Employees
- 20 000
- Sector
- Financial Services
- Founded
- 2003
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability; Growth, Health and Moat lag behind.
Valuation72
- P/E vs own history53th pct · 12/25
- FCF yield41.0% · 25/25
- P/S0.7x · 25/25
- EV/EBITDAn/a · 10/25
Growth24
- Revenue CAGR6.6% · 12/25
- Net income CAGR-4.2% · 0/25
- EPS CAGR ~5Y5.8% · 12/25
- Fwd implied growth-6.0% · 0/25
Profitability80
- ROIC20.9% · 20/25
- ROE20.9% · 20/25
- Net margin18.3% · 20/25
- Operating margin18.4% · 20/25
Health48
- Altman Z0.38 · 3/25
- Current ration/a · 0/25
- Interest coverageno interest expense · 25/25
- Net cash / debtD/A 0% · 20/25
Quality60
- Piotroski F6/9 · 15/25
- Beneish M-2.76 · 25/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 7.8% · 20/25
Moat31
- ROIC >12% years6/10 yrs · 13/25
- Median gross marginn/a · 0/25
- FCF-positive yearsn/a · 0/25
- Worst-year net marginworst 9.4% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2021FinancialBest year on record$4.22B net income
- 2018AcquisitionIt acquired Loop Commerce, which provides a digital gifting platform called GiftNow
- 2017AcquisitionSynchrony acquired GPShopper in 2017
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$13.9B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2014IPOCentered on co-branded credit products, Synchrony went public in July 2014 and raised $2.88 billion in its initial…
- 2003FoundedPreviously named GE Capital Retail Finance Corporation, Synchrony was incorporated in Delaware in 2003
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strong cash conversion — FCF is 50.4% of revenue
- High returns on invested capital (ROIC 20.9%)
Watch-outs
- Altman Z-Score 0.38 — elevated financial-distress risk
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+2.9% YoY
- Profitable — makes more than it spends$3.52B TTM
- Profit growing — earnings are higher than last year+15.0% YoY
- Generates cash — cash left after running and investing$9.69B TTM
- Debt under control — could handle its obligations~0.0y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$23.7B market cap
- Not printing shares — share count not ballooning — you keep your slice-32.8% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.4 — distress
- Pays a dividend — returns cash to shareholdersyield 2.12%
- Valuation not extreme — price not wildly above earningsP/E 6.7
Peer comparisonSynchrony Financial vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| SYF this company | $23.7B | 6.7 | +2.9% | 18.3% | Mixed |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: SYF vs BRK.A · SYF vs BRK.B · SYF vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/SYF
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of SYF on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $72.73 · market cap $23.7B.