NASDAQ : SKHY
SK hynix Inc. — Financial statements
Technology · Semiconductors · Korea
Last price 155.47 USD (Nov 2, 2026, 10:26 AM EST) · Market cap 838.15B
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Financial statements
SK hynix Inc. (SKHY) reported revenue of 269.34T KRW (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in KRW.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 269.34T | 97.15T | 66.19T | 32.77T | 44.62T | 43.00T |
| Cost of Revenue | 60.92T | 38.46T | 34.36T | 33.30T | 28.99T | 24.05T |
| Gross Profit | 208.42T | 58.69T | 31.83T | -533.45B | 15.63T | 18.95T |
| Selling, General & Admin | 7.76T | 4.10T | 3.26T | 2.77T | 3.56T | 2.16T |
| Research & Development | 6.47T | 4.44T | 3.75T | 4.47T | 3.55T | |
| Amortization of Goodwill & Intangibles | 483.52B | 256.85B | 282.69B | 414.55B | 526.18B | |
| Other Operating Expenses | 137.55B | 100.97B | 85.67B | 102.03B | 88.25B | |
| Operating Expenses | 7.76T | 11.48T | 8.36T | 7.20T | 8.82T | 6.54T |
| Operating Income | 200.66T | 47.21T | 23.47T | -7.73T | 6.81T | 12.41T |
| Interest Expense | -923.70B | -1.35T | -1.47T | -533.11B | -259.96B | |
| Interest & Investment Income | 990.00B | 1.44T | 374.13B | 229.82B | 91.99B | 32.58B |
| Earnings From Equity Investments | 27.00B | -564.26B | -2.38B | 15.06B | 131.19B | 162.28B |
| Currency Exchange Gain (Loss) | -8.63T | -448.43B | 268.83B | -318.83B | -405.23B | 488.62B |
| Other Non Operating Income (Expenses) | 49.65T | 3.83T | 43.81B | -2.55T | -20.49B | 569.97B |
| EBT Excluding Unusual Items | 242.69T | 50.53T | 22.81T | -11.82T | 6.07T | 13.40T |
| Gain (Loss) on Sale of Investments | -27.91B | -293.72B | -623.92B | -3.40B | ||
| Gain (Loss) on Sale of Assets | 45.70B | 1.37T | 175.43B | 162.64B | 59.36B | |
| Asset Writedown | -83.23B | -281.00M | -9.01B | -1.61T | -43.79B | |
| Pretax Income | 242.69T | 50.47T | 23.89T | -11.66T | 4.00T | 13.42T |
| Income Tax Expense | 53.40T | 7.52T | 4.09T | -2.52T | 1.76T | 3.80T |
| Earnings From Continuing Operations | 189.29T | 42.95T | 19.80T | -9.14T | 2.24T | 9.62T |
| Minority Interest in Earnings | -28.61B | -28.61B | -8.22B | 25.12B | -12.11B | -13.87B |
| Net Income | 189.26T | 42.92T | 19.79T | -9.11T | 2.23T | 9.60T |
| Net Income to Common | 189.26T | 42.92T | 19.79T | -9.11T | 2.23T | 9.60T |
| Shares Outstanding (Basic) | 722.00M | 691.76M | 688.73M | 688.05M | 687.65M | 686.41M |
| Shares Outstanding (Diluted) | 722.00M | 711.27M | 709.83M | 688.05M | 687.80M | 686.66M |
| EPS (Basic) | 262,136.13 | 62,044.04 | 28,732.11 | -13,243.82 | 3,242.31 | 13,989.16 |
| EPS (Diluted) | 261,161.73 | 60,377.79 | 28,418.66 | -13,244.00 | 3,242.00 | 13,984.00 |
| Free Cash Flow | 124.52T | 25.85T | 13.85T | -4.05T | -4.23T | 7.31T |
| Free Cash Flow Per Share | 172,459.59 | 36,349.52 | 19,512.08 | -5,881.75 | -6,149.66 | 10,647.19 |
| Dividend Per Share | 2.62K | 3.00K | 2.20K | 1.20K | 1.20K | 1.54K |
| Gross Margin | 77.38% | 60.41% | 48.08% | -1.63% | 35.02% | 44.08% |
| Operating Margin | 74.50% | 48.59% | 35.45% | -23.59% | 15.26% | 28.86% |
| Profit Margin | 70.27% | 44.18% | 29.89% | -27.81% | 5.00% | 22.33% |
| Free Cash Flow Margin | 46.23% | 26.61% | 20.92% | -12.35% | -9.48% | 17.00% |
| EBITDA | 216.20T | 61.14T | 36.05T | 5.30T | 20.33T | 22.37T |
| EBITDA Margin | 80.27% | 62.93% | 54.46% | 16.18% | 45.55% | 52.03% |
| D&A For EBITDA | 15.55T | 13.93T | 12.58T | 13.03T | 13.52T | 9.96T |
| EBIT | 200.66T | 47.21T | 23.47T | -7.73T | 6.81T | 12.41T |
| EBIT Margin | 74.50% | 48.59% | 35.45% | -23.59% | 15.26% | 28.86% |
| Effective Tax Rate | 22.00% | 14.90% | 17.12% | 44.00% | 28.32% | |
| Advertising Expenses | 446.65B | 339.94B | 83.58B | 113.40B | 93.05B |
Balance sheet
Fiscal year January - December; amounts in KRW.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 114.46T | 14.92T | 11.21T | 7.59T | 4.98T | 5.06T |
| Short-Term Investments | 14.87T | 2.43T | 1.19T | 1.10T | 3.29T | |
| Trading Asset Securities | 5.34T | 569.24B | ||||
| Cash & Short-Term Investments | 114.46T | 35.14T | 14.20T | 8.77T | 6.08T | 8.35T |
| Accounts Receivable | 59.12T | 18.20T | 13.02T | 6.74T | 5.28T | 8.32T |
| Other Receivables | 245.78B | 242.90B | 848.54B | 1.01T | 659.44B | |
| Receivables | 59.12T | 18.56T | 13.28T | 7.60T | 6.30T | 8.99T |
| Inventory | 19.36T | 14.29T | 13.31T | 13.48T | 15.66T | 8.95T |
| Prepaid Expenses | 1.17T | 1.19T | 218.26B | 241.89B | 176.22B | |
| Other Current Assets | 3.01T | 300.77B | 302.81B | 392.36B | 444.87B | 434.80B |
| Total Current Assets | 195.94T | 69.46T | 42.28T | 30.47T | 28.73T | 26.91T |
| Property, Plant & Equipment | 97.21T | 79.84T | 62.64T | 55.40T | 62.01T | 54.82T |
| Long-Term Investments | 15.87T | 5.98T | 5.54T | 7.20T | 8.17T | |
| Goodwill | 807.52B | 848.83B | 803.35B | 798.72B | 1.57T | |
| Other Intangible Assets | 4.27T | 2.61T | 2.46T | 2.62T | 2.35T | 2.68T |
| Long-Term Deferred Tax Assets | 3.66T | 2.81T | 2.99T | 657.12B | 590.24B | |
| Long-Term Deferred Charges | 631.77B | 713.64B | 410.67B | 360.49B | 548.07B | |
| Other Long-Term Assets | 94.37T | 3.04T | 1.93T | 1.83T | 1.48T | 769.65B |
| Total Assets | 391.80T | 176.11T | 119.86T | 100.33T | 103.87T | 96.35T |
| Accounts Payable | 2.73T | 2.85T | 2.28T | 1.85T | 2.19T | 1.36T |
| Accrued Expenses | 6.28T | 3.98T | 1.68T | 3.01T | 2.27T | |
| Short-Term Debt | 1.33T | 2.40T | 1.28T | 4.15T | 3.83T | 233.20B |
| Current Portion of Long-Term Debt | 3.22T | 5.77T | 3.97T | 5.71T | 3.59T | 2.65T |
| Current Portion of Leases | 547.30B | 588.36B | 631.50B | 280.87B | 302.06B | |
| Current Income Taxes Payable | 7.02T | 3.08T | 43.89B | 696.55B | 3.00T | |
| Current Unearned Revenue | 6.50B | 3.73B | 1.59T | 353.73B | 125.90B | |
| Other Current Liabilities | 12.51T | 9.78T | 5.36T | 5.89T | 4.79T | |
| Total Current Liabilities | 7.29T | 37.38T | 24.97T | 21.01T | 19.84T | 14.74T |
| Long-Term Debt | 11.24T | 14.09T | 17.43T | 19.61T | 15.57T | 14.74T |
| Long-Term Leases | 1.96T | 2.18T | 2.40T | 1.52T | 1.22T | |
| Long-Term Unearned Revenue | 14.02B | |||||
| Pension & Post-Retirement Benefits | 66.14B | 68.09B | 276.17B | 252.38B | 95.20B | |
| Long-Term Deferred Tax Liabilities | 248.40B | 217.85B | 114.40B | 382.48B | 628.00B | |
| Other Long-Term Liabilities | 64.18T | 1.70T | 1.08T | 3.40T | 3.01T | 2.73T |
| Total Liabilities | 82.71T | 55.44T | 45.94T | 46.83T | 40.58T | 34.16T |
| Common Stock | 309.09T | 3.66T | 3.66T | 3.66T | 3.66T | 3.66T |
| Additional Paid-In Capital | 8.95T | 4.49T | 4.37T | 4.34T | 4.33T | |
| Retained Earnings | 106.58T | 65.42T | 46.73T | 56.69T | 55.78T | |
| Treasury Stock | -1.50T | -2.22T | -2.27T | -2.30T | -2.30T | |
| Comprehensive Income & Other | 2.83T | 2.56T | 1.02T | 887.66B | 682.83B | |
| Total Common Equity | 309.09T | 120.52T | 73.90T | 53.50T | 63.27T | 62.16T |
| Minority Interest | 150.57B | 12.31B | -533.00M | 24.19B | 33.99B | |
| Shareholders' Equity | 309.09T | 120.67T | 73.92T | 53.50T | 63.29T | 62.19T |
| Total Liabilities & Equity | 391.80T | 176.11T | 119.86T | 100.33T | 103.87T | 96.35T |
| Total Debt | 15.80T | 24.76T | 25.45T | 32.50T | 24.79T | 19.15T |
| Net Cash (Debt) | 98.66T | 10.38T | -11.25T | -23.72T | -18.71T | -10.80T |
| Net Cash Per Share | 136,649.58 | 14,593.21 | -15,849.38 | -34,479.46 | -27,206.02 | -15,725.31 |
| Filing Date Shares Outstanding | 722.00M | 701.69M | 689.04M | 688.14M | 687.65M | 687.62M |
| Total Common Shares Outstanding | 722.00M | 701.69M | 689.04M | 688.14M | 687.65M | 687.62M |
| Working Capital | 188.65T | 32.08T | 17.31T | 9.46T | 8.89T | 12.17T |
| Book Value Per Share | 428,099.72 | 171,750.94 | 107,255.79 | 77,752.19 | 92,003.58 | 90,394.42 |
| Tangible Book Value | 304.81T | 117.10T | 70.60T | 50.08T | 60.11T | 57.91T |
| Tangible Book Value Per Share | 422,180.06 | 166,880.38 | 102,458.96 | 72,776.59 | 87,420.42 | 84,215.01 |
| Land | 1.69T | 1.21T | 1.21T | 1.22T | 1.15T | |
| Buildings | 18.76T | 18.33T | 17.20T | 15.98T | 13.28T | |
| Machinery | 138.95T | 122.84T | 108.71T | 105.58T | 90.22T | |
| Construction In Progress | 21.74T | 11.11T | 6.02T | 6.57T | 6.50T |
Cash flow statement
Fiscal year January - December; amounts in KRW.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 189.15T | 42.92T | 19.79T | -9.11T | 2.23T | 9.60T |
| Depreciation & Amortization | 15.66T | 13.93T | 12.58T | 13.42T | 13.84T | 10.29T |
| Other Amortization | 129.41B | 255.95B | 369.65B | |||
| Loss (Gain) From Sale of Assets | -28.77B | -83.33B | -1.37T | -249.65B | -137.51B | -71.68B |
| Asset Writedown & Restructuring Costs | 38.07B | 38.07B | 281.00M | 9.01B | 1.61T | 43.79B |
| Loss (Gain) From Sale of Investments | -69.54T | -11.70T | 67.18B | -572.88B | ||
| Loss (Gain) on Equity Investments | 93.43B | 93.55B | 13.51B | -131.19B | -162.28B | |
| Stock-Based Compensation | 282.44B | 414.11B | 104.11B | |||
| Other Operating Activities | 45.79T | 10.64T | 4.21T | -713.47B | -199.54B | 3.32T |
| Change in Accounts Receivable | -27.05T | -5.58T | -5.10T | -1.41T | 3.34T | -2.53T |
| Change in Inventory | -4.60T | -1.06T | 166.72B | 2.29T | -6.57T | -696.56B |
| Change in Accounts Payable | -1.73T | 864.00B | 274.98B | -168.09B | 520.96B | -197.98B |
| Change in Other Net Operating Assets | 19.32T | 2.90T | -943.52B | 80.05B | 19.41B | 401.90B |
| Operating Cash Flow | 167.39T | 53.37T | 29.80T | 4.28T | 14.78T | 19.80T |
| Capital Expenditures | -42.87T | -27.52T | -15.95T | -8.33T | -19.01T | -12.49T |
| Sale of Property, Plant & Equipment | 57.99B | 144.83B | 47.13B | 1.54T | 323.72B | 79.94B |
| Cash Acquisitions | -3.08T | -1.03T | -7.25T | |||
| Sale (Purchase) of Intangibles | -1.04T | -1.06T | -697.40B | -454.23B | -737.60B | -971.82B |
| Sale (Purchase) of Real Estate | 263.21B | |||||
| Investment in Securities | -84.86T | -17.83T | -1.53T | 108.75B | 2.34T | -1.74T |
| Other Investing Activities | -2.34T | 1.28T | 118.79B | 4.14B | ||
| Investing Cash Flow | -131.06T | -48.05T | -18.00T | -7.33T | -17.88T | -22.39T |
| Long-Term Debt Issued | 8.18T | 8.72T | 20.66T | 11.92T | 8.93T | |
| Long-Term Debt Repaid | -8.01T | -16.70T | -14.15T | -7.43T | -3.64T | |
| Lease Payments | -136.00B | -461.47B | -301.86B | -323.98B | ||
| Net Debt Issued (Repaid) | -6.63T | 171.14B | -7.98T | 6.51T | 4.49T | 5.29T |
| Issuance of Common Stock | 35.69B | 65.03B | 93.83B | 24.57B | 11.67B | 8.49B |
| Common Dividends Paid | -272.00B | -825.58B | -1.68T | -800.28B | ||
| Dividends Paid | -2.13T | -1.68T | -826.32B | -825.58B | -1.68T | -800.28B |
| Other Financing Activities | 10.34T | 6.03B | -9.22B | -3.08B | -4.74B | |
| Financing Cash Flow | 1.61T | -1.44T | -8.70T | 5.70T | 2.82T | 4.49T |
| Foreign Exchange Rate Adjustments | 4.58T | -155.23B | 530.48B | -29.99B | 200.46B | 184.31B |
| Net Cash Flow | 42.52T | 3.72T | 3.62T | 2.61T | -80.97B | 2.08T |
| Free Cash Flow | 124.52T | 25.85T | 13.85T | -4.05T | -4.23T | 7.31T |
| Free Cash Flow Margin | 46.23% | 26.61% | 20.92% | -12.35% | -9.48% | 17.00% |
| Free Cash Flow Per Share | 172,459.59 | 36,349.52 | 19,512.08 | -5,881.75 | -6,149.66 | 10,647.19 |
| Levered Free Cash Flow | 17.58T | 11.99T | -1.56T | -5.20T | 4.12T | |
| Unlevered Free Cash Flow | 18.16T | 12.83T | -644.19B | -4.86T | 4.29T | |
| Free Cash Flow After Leases | 124.38T | 25.85T | 13.85T | -4.51T | -4.53T | 6.99T |
| Cash Interest Paid | 622.40B | 938.85B | 1.28T | 1.26T | 494.51B | 240.94B |
| Cash Income Tax Paid | 9.03T | 5.89T | 552.09B | 1.38T | 3.98T | 1.01T |
| Change in Working Capital | -14.06T | -2.88T | -5.60T | 793.79B | -2.69T | -3.02T |
Ratios
Fiscal year January - December; amounts in KRW.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 797.79B | 311.38B | 81.11B | 75.09B | 41.01B | 75.62B |
| Enterprise Value | 724.43B | 310.40B | 90.36B | 95.20B | 54.26B | 80.56B |
| PE Ratio | 7.58 | 10.47 | 6.05 | 23.13 | 9.38 | |
| PS Ratio | 4.01 | 4.63 | 1.81 | 2.97 | 1.16 | 2.10 |
| PB Ratio | 3.50 | 3.73 | 1.62 | 1.82 | 0.81 | 1.45 |
| P/TBV Ratio | 3.55 | 3.84 | 1.70 | 1.94 | 0.86 | 1.56 |
| P/FCF Ratio | 8.58 | 17.39 | 8.65 | 12.32 | ||
| P/OCF Ratio | 6.38 | 8.42 | 4.02 | 22.76 | 3.49 | 4.55 |
| EV/Sales Ratio | 3.64 | 4.61 | 2.02 | 3.77 | 1.53 | 2.23 |
| EV/EBITDA Ratio | 4.54 | 7.33 | 3.70 | 23.29 | 3.36 | 4.29 |
| EV/EBIT Ratio | 4.89 | 9.49 | 5.69 | 10.02 | 7.73 | |
| EV/FCF Ratio | 7.79 | 17.33 | 9.64 | 13.13 | ||
| Debt / Equity Ratio | 0.05 | 0.20 | 0.34 | 0.61 | 0.39 | 0.31 |
| Debt / EBITDA Ratio | 0.07 | 0.40 | 0.71 | 5.71 | 1.20 | 0.84 |
| Debt / FCF Ratio | 0.13 | 0.96 | 1.84 | 2.62 | ||
| Net Debt / Equity Ratio | -0.32 | -0.09 | 0.15 | 0.44 | 0.30 | 0.17 |
| Net Debt / EBITDA Ratio | -0.46 | -0.17 | 0.31 | 4.48 | 0.92 | 0.48 |
| Net Debt / FCF Ratio | -0.79 | -0.40 | 0.81 | -5.86 | -4.42 | 1.48 |
| Asset Turnover | 1.00 | 0.66 | 0.60 | 0.32 | 0.45 | 0.51 |
| Inventory Turnover | 3.75 | 2.79 | 2.56 | 2.29 | 2.36 | 3.19 |
| Quick Ratio | 23.81 | 1.43 | 1.10 | 0.78 | 0.62 | 1.18 |
| Current Ratio | 26.88 | 1.86 | 1.69 | 1.45 | 1.45 | 1.83 |
| Return on Equity (ROE) | 92.54% | 44.14% | 31.07% | -15.65% | 3.57% | 16.86% |
| Return on Assets (ROA) | 46.43% | 19.94% | 13.32% | -4.73% | 4.25% | 9.26% |
| Return on Invested Capital (ROIC) | 77.05% | 41.11% | 23.96% | -9.71% | 4.92% | 13.36% |
| Return on Capital Employed (ROCE) | 52.20% | 34.00% | 24.70% | -9.70% | 8.10% | 15.20% |
| Earnings Yield | 13.20% | 9.55% | 16.52% | -9.36% | 4.32% | 10.66% |
| FCF Yield | 11.65% | 5.75% | 11.56% | -4.16% | -8.20% | 8.12% |
| Dividend Yield | 0.02% | 0.47% | 1.27% | 0.85% | 1.60% | 1.18% |
| Payout Ratio | 0.14% | 3.92% | 4.18% | 75.25% | 8.33% | |
| Buyback Yield / Dilution | 40.58% | -0.20% | -3.17% | -0.04% | -0.17% | -0.37% |
| Total Shareholder Return | 40.60% | 0.27% | -1.90% | 0.81% | 1.43% | 0.81% |