NYSE : PKX
POSCO Holdings Inc. — Financial statements
Materials · Steel · South Korea
Last price 49.67 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 15.51B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
POSCO Holdings Inc. (PKX) reported revenue of 71.24T 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 71.24T | 69.09T | 72.69T | 77.13T | 84.75T | 76.33T |
| Other Revenue | -10.00 | -10.00 | -10.00 | |||
| Revenue | 71.24T | 69.09T | 72.69T | 77.13T | 84.75T | 76.33T |
| Cost of Revenue | 65.63T | 63.95T | 67.30T | 70.74T | 77.13T | 64.47T |
| Gross Profit | 5.60T | 5.15T | 5.39T | 6.39T | 7.62T | 11.86T |
| Selling, General & Admin | 3.29T | 3.22T | 3.12T | 2.35T | 2.24T | 2.14T |
| Research & Development | 12.39B | 175.17B | 179.71B | 123.09B | ||
| Amortization of Goodwill & Intangibles | 96.00B | 90.07B | 87.23B | |||
| Other Operating Expenses | 89.71B | 99.53B | 94.66B | 100.64B | 95.98B | 85.81B |
| Operating Expenses | 3.39T | 3.31T | 3.21T | 3.14T | 2.78T | 2.61T |
| Operating Income | 2.21T | 1.84T | 2.17T | 3.25T | 4.84T | 9.25T |
| Interest Expense | -1.13T | -1.09T | -1.05T | -1.00T | -607.46B | -439.83B |
| Interest & Investment Income | 563.10B | 571.36B | 653.73B | 552.29B | 286.39B | 366.69B |
| Earnings From Equity Investments | 752.24B | 384.46B | -315.65B | 447.92B | 677.76B | 722.67B |
| Currency Exchange Gain (Loss) | -898.86B | 742.00M | -741.23B | -348.00B | -487.32B | -161.70B |
| Other Non Operating Income (Expenses) | 856.65B | -387.77B | 1.02T | -375.35B | 286.72B | 236.49B |
| EBT Excluding Unusual Items | 2.35T | 1.32T | 1.74T | 2.52T | 5.00T | 9.98T |
| Impairment of Goodwill | -46.96B | |||||
| Gain (Loss) on Sale of Investments | -43.75B | -5.85B | 257.24B | 711.41B | -362.01B | 26.00M |
| Gain (Loss) on Sale of Assets | -106.93B | -33.50B | -92.56B | -193.80B | -36.10B | -23.50B |
| Asset Writedown | -163.12B | -172.75B | -609.16B | -405.75B | -583.85B | -535.85B |
| Pretax Income | 2.04T | 1.11T | 1.25T | 2.64T | 4.01T | 9.42T |
| Income Tax Expense | 655.90B | 602.45B | 303.62B | 789.30B | 453.88B | 2.22T |
| Earnings From Continuing Operations | 1.38T | 504.40B | 947.58B | 1.85T | 3.56T | 7.20T |
| Minority Interest in Earnings | -33.57B | 153.25B | 147.34B | -147.76B | -416.40B | -578.65B |
| Net Income | 1.35T | 657.65B | 1.09T | 1.70T | 3.14T | 6.62T |
| Preferred Dividends & Other Adjustments | 1.08B | 6.67B | ||||
| Net Income to Common | 1.35T | 657.65B | 1.09T | 1.70T | 3.14T | 6.61T |
| Shares Outstanding (Basic) | 75.62M | 75.62M | 75.77M | 75.87M | 75.81M | 75.70M |
| Shares Outstanding (Diluted) | 75.62M | 75.62M | 77.99M | 75.87M | 78.91M | 76.69M |
| EPS (Basic) | 17,818.57 | 8,696.74 | 14,451.00 | 22,381.74 | 41,456.36 | 87,330.32 |
| EPS (Diluted) | 17,818.00 | 8,696.74 | 12,249.55 | 22,381.74 | 39,125.57 | 85,376.76 |
| Free Cash Flow | -2.07T | -1.09T | -1.01T | -633.53B | 1.26T | 3.09T |
| Free Cash Flow Per Share | -27,329.83 | -14,456.89 | -12,899.59 | -8,350.28 | 15,938.10 | 40,263.96 |
| Dividend Per Share | 9.00K | 10.00K | ||||
| Gross Margin | 7.86% | 7.45% | 7.41% | 8.29% | 9.00% | 15.54% |
| Operating Margin | 3.10% | 2.67% | 2.99% | 4.21% | 5.71% | 12.12% |
| Profit Margin | 1.89% | 0.95% | 1.51% | 2.20% | 3.71% | 8.66% |
| Free Cash Flow Margin | -2.90% | -1.58% | -1.38% | -0.82% | 1.48% | 4.04% |
| EBITDA | 6.23T | 5.76T | 5.91T | 7.09T | 8.53T | 12.83T |
| EBITDA Margin | 8.74% | 8.33% | 8.13% | 9.20% | 10.07% | 16.81% |
| D&A For EBITDA | 4.02T | 3.92T | 3.74T | 3.84T | 3.69T | 3.58T |
| EBIT | 2.21T | 1.84T | 2.17T | 3.25T | 4.84T | 9.25T |
| EBIT Margin | 3.10% | 2.67% | 2.99% | 4.21% | 5.71% | 12.12% |
| Effective Tax Rate | 32.20% | 54.43% | 24.27% | 29.95% | 11.31% | 23.58% |
| Advertising Expenses | 107.89B | 116.46B | 120.81B | 128.72B | 99.10B |
Balance sheet
Fiscal year January - December; amounts in KRW.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.35T | 7.05T | 6.77T | 6.67T | 8.05T | 4.78T |
| Short-Term Investments | 7.95T | 8.65T | 8.11T | 11.24T | 10.69T | 13.38T |
| Cash & Short-Term Investments | 14.30T | 15.70T | 14.88T | 17.91T | 18.74T | 18.16T |
| Accounts Receivable | 13.35T | 11.21T | 10.84T | 11.04T | 9.82T | 10.13T |
| Other Receivables | 1.67T | 1.53T | 1.93T | 1.56T | 1.63T | 1.56T |
| Receivables | 15.44T | 13.09T | 13.14T | 12.82T | 11.73T | 12.02T |
| Inventory | 13.97T | 13.62T | 14.14T | 13.83T | 15.47T | 15.22T |
| Prepaid Expenses | 261.35B | 186.07B | 259.14B | 226.96B | 263.54B | 274.02B |
| Other Current Assets | 1.25T | 883.55B | 1.60T | 1.06T | 1.44T | 879.39B |
| Total Current Assets | 45.22T | 43.48T | 44.03T | 45.85T | 47.64T | 46.54T |
| Property, Plant & Equipment | 42.89T | 42.44T | 39.99T | 35.21T | 31.78T | 29.60T |
| Long-Term Investments | 6.39T | 7.49T | 6.63T | 5.04T | 5.02T | 4.55T |
| Goodwill | 827.73B | 826.77B | 357.85B | 403.17B | 442.49B | 735.97B |
| Other Intangible Assets | 4.87T | 4.38T | 4.24T | 4.18T | 4.28T | 3.28T |
| Long-Term Accounts Receivable | 81.89B | 85.38B | 104.46B | 121.51B | 24.03B | 63.20B |
| Long-Term Deferred Tax Assets | 2.04T | 2.04T | 3.61T | 3.33T | 3.50T | 1.43T |
| Long-Term Deferred Charges | 179.56B | 284.09B | 181.75B | 126.82B | 116.17B | 153.97B |
| Other Long-Term Assets | 6.56T | 2.79T | 3.56T | 5.99T | 4.79T | 4.49T |
| Total Assets | 109.71T | 105.19T | 103.40T | 100.95T | 98.41T | 91.47T |
| Accounts Payable | 5.51T | 6.75T | 7.81T | 5.78T | 5.52T | 5.47T |
| Accrued Expenses | 1.36T | 1.36T | 1.40T | 1.19T | 1.12T | 928.73B |
| Short-Term Debt | 7.31T | 7.43T | 5.73T | 4.96T | 6.83T | 5.11T |
| Current Portion of Long-Term Debt | 3.79T | 4.69T | 5.38T | 6.00T | 5.08T | 3.72T |
| Current Portion of Leases | 203.38B | 180.42B | 161.60B | 163.95B | 149.38B | 181.77B |
| Current Income Taxes Payable | 275.49B | 223.67B | 350.57B | 319.10B | 502.68B | 2.14T |
| Current Unearned Revenue | 851.74B | 830.18B | 579.46B | 693.69B | 823.42B | 1.10T |
| Other Current Liabilities | 3.49T | 1.67T | 1.36T | 2.61T | 3.16T | 2.43T |
| Total Current Liabilities | 22.81T | 23.13T | 22.78T | 21.72T | 23.19T | 21.08T |
| Long-Term Debt | 19.30T | 16.37T | 14.88T | 15.01T | 12.39T | 12.91T |
| Long-Term Leases | 1.22T | 1.16T | 744.50B | 760.37B | 674.10B | 596.24B |
| Long-Term Unearned Revenue | 3.65B | 3.70B | 4.32B | 8.89B | 22.20B | 27.91B |
| Pension & Post-Retirement Benefits | 89.41B | 63.19B | 43.14B | 38.75B | 37.71B | 50.84B |
| Long-Term Deferred Tax Liabilities | 1.19T | 1.16T | 2.69T | 2.76T | 2.92T | 1.27T |
| Other Long-Term Liabilities | 948.87B | 921.42B | 814.98B | 982.46B | 912.97B | 725.13B |
| Total Liabilities | 45.55T | 42.81T | 41.95T | 41.28T | 40.15T | 36.67T |
| Common Stock | 482.40B | 482.40B | 482.40B | 482.40B | 482.40B | 482.40B |
| Additional Paid-In Capital | 1.53T | 1.69T | 1.65T | 1.66T | 1.40T | 1.39T |
| Retained Earnings | 53.65T | 53.18T | 53.66T | 53.86T | 52.97T | 51.53T |
| Treasury Stock | -801.77B | -1.18T | -1.55T | -1.89T | -1.89T | -2.51T |
| Comprehensive Income & Other | 2.61T | 1.56T | 1.16T | 67.26B | -443.99B | -467.60B |
| Total Common Equity | 57.47T | 55.73T | 55.39T | 54.18T | 52.51T | 50.43T |
| Minority Interest | 6.70T | 6.65T | 6.06T | 5.48T | 5.75T | 4.38T |
| Shareholders' Equity | 64.16T | 62.38T | 61.45T | 59.66T | 58.26T | 54.80T |
| Total Liabilities & Equity | 109.71T | 105.19T | 103.40T | 100.95T | 98.41T | 91.47T |
| Total Debt | 31.83T | 29.83T | 26.90T | 26.89T | 25.13T | 22.52T |
| Net Cash (Debt) | -17.53T | -14.13T | -12.02T | -8.99T | -6.39T | -4.36T |
| Net Cash Per Share | -231,752.79 | -186,900.77 | -154,138.81 | -118,460.28 | -80,980.62 | -56,891.37 |
| Filing Date Shares Outstanding | 75.62M | 75.62M | 55.20M | 75.88M | 75.85M | 75.63M |
| Total Common Shares Outstanding | 75.62M | 75.62M | 55.20M | 75.88M | 75.85M | 75.63M |
| Working Capital | 22.41T | 20.35T | 21.25T | 24.13T | 24.45T | 25.46T |
| Book Value Per Share | 759,917.29 | 736,969.19 | 1,003,551.00 | 714,069.02 | 692,322.82 | 666,802.96 |
| Tangible Book Value | 51.76T | 50.52T | 50.80T | 49.59T | 47.79T | 46.42T |
| Tangible Book Value Per Share | 684,529.80 | 668,080.25 | 920,340.73 | 653,602.55 | 630,064.01 | 613,747.67 |
| Land | 4.28T | 3.69T | 3.35T | 3.29T | 3.10T | 2.70T |
| Buildings | 10.24T | 21.99T | 20.38T | 17.82T | 17.09T | 16.48T |
| Machinery | 18.59T | 62.73T | 60.78T | 55.95T | 53.82T | 51.61T |
| Construction In Progress | 8.03T | 8.35T | 7.70T | 6.33T | 3.54T | 1.83T |
Cash flow statement
Fiscal year January - December; amounts in KRW.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.35T | 657.65B | 1.09T | 1.70T | 3.14T | 6.62T |
| Depreciation & Amortization | 4.23T | 4.12T | 3.92T | 3.84T | 3.69T | 3.58T |
| Other Amortization | 50.48B | 50.48B | 63.76B | |||
| Loss (Gain) From Sale of Assets | 78.72B | 5.29B | 146.95B | 218.49B | 41.28B | 23.50B |
| Asset Writedown & Restructuring Costs | 162.29B | 172.75B | 656.12B | 405.75B | 583.85B | 535.85B |
| Loss (Gain) on Equity Investments | -717.69B | -349.91B | 256.46B | -447.92B | -677.76B | -722.67B |
| Provision & Write-off of Bad Debts | 202.28B | 203.80B | 185.13B | 265.91B | 34.61B | 27.18B |
| Other Operating Activities | 852.50B | 513.45B | 2.76B | 1.27T | -297.51B | 3.27T |
| Change in Accounts Receivable | -2.23T | -663.25B | 1.57T | -1.13T | 547.48B | -1.57T |
| Change in Inventory | -1.75T | 566.61B | 218.51B | 1.38T | -415.60B | -6.05T |
| Change in Accounts Payable | -31.31B | -916.58B | -376.28B | -118.80B | 141.93B | 1.40T |
| Change in Other Net Operating Assets | 657.09B | 208.33B | -1.07T | -1.22T | -609.17B | -857.35B |
| Operating Cash Flow | 2.85T | 4.57T | 6.66T | 6.17T | 6.19T | 6.26T |
| Capital Expenditures | -4.91T | -5.67T | -7.67T | -6.80T | -4.93T | -3.17T |
| Sale of Property, Plant & Equipment | 972.96B | 1.06T | 54.50B | 707.17M | 24.27B | 3.81B |
| Cash Acquisitions | -807.25B | -807.25B | -150.20B | -901.22B | ||
| Divestitures | 556.66B | 71.60B | 5.47B | |||
| Sale (Purchase) of Intangibles | -492.35B | -568.12B | -481.07B | -451.55B | -485.12B | -421.64B |
| Sale (Purchase) of Real Estate | -2.21B | -2.21B | -3.46B | |||
| Investment in Securities | 949.12B | -435.24B | 3.47T | -174.88B | 1.68T | -2.21T |
| Other Investing Activities | -411.75B | -189.20B | 145.69B | 5.18B | 335.25B | 69.84B |
| Investing Cash Flow | -4.12T | -6.69T | -4.49T | -7.39T | -4.22T | -5.58T |
| Short-Term Debt Issued | 2.16T | 1.76T | ||||
| Long-Term Debt Issued | 5.39T | 5.90T | 7.82T | 4.55T | 4.36T | |
| Total Debt Issued | 7.16T | 7.55T | 5.90T | 7.82T | 6.32T | 4.36T |
| Short-Term Debt Repaid | -217.76B | -2.52T | -329.90B | |||
| Long-Term Debt Repaid | -5.30T | -7.73T | -4.68T | -4.41T | -4.00T | |
| Lease Payments | -143.42B | -143.42B | -195.37B | |||
| Total Debt Repaid | -6.54T | -5.30T | -7.95T | -7.21T | -4.41T | -4.33T |
| Net Debt Issued (Repaid) | 623.27B | 2.25T | -2.05T | 609.20B | 1.91T | 28.23B |
| Repurchase of Common Stock | -92.31B | -116.77B | ||||
| Common Dividends Paid | -915.22B | -844.20B | ||||
| Dividends Paid | -915.22B | -844.20B | -815.45B | -1.22T | -1.31T | |
| Other Financing Activities | 631.05B | 1.07T | 681.27B | 27.66B | 625.63B | 630.80B |
| Financing Cash Flow | 339.10B | 2.40T | -2.30T | -178.59B | 1.32T | -768.67B |
| Foreign Exchange Rate Adjustments | 273.70B | -5.58B | 221.88B | 16.72B | -8.74B | 112.95B |
| Miscellaneous Cash Flow Adjustments | 7.00B | -10.00 | ||||
| Net Cash Flow | -655.36B | 281.90B | 97.02B | -1.38T | 3.28T | 20.14B |
| Free Cash Flow | -2.07T | -1.09T | -1.01T | -633.53B | 1.26T | 3.09T |
| Free Cash Flow Margin | -2.90% | -1.58% | -1.38% | -0.82% | 1.48% | 4.04% |
| Free Cash Flow Per Share | -27,329.83 | -14,456.89 | -12,899.59 | -8,350.28 | 15,938.10 | 40,263.96 |
| Levered Free Cash Flow | -3.46T | -896.21B | 7.53T | -1.57T | -535.82B | 677.76B |
| Unlevered Free Cash Flow | -2.75T | -214.04B | 8.19T | -943.59B | -156.16B | 952.65B |
| Free Cash Flow After Leases | -2.21T | -1.24T | -1.20T | -633.53B | 1.26T | 3.09T |
| Cash Interest Paid | 1.16T | 1.09T | 1.03T | 1.05T | 577.26B | 450.29B |
| Cash Income Tax Paid | 628.47B | 840.34B | 553.71B | 727.44B | 2.77T | 588.97B |
| Change in Working Capital | -3.36T | -804.89B | 336.87B | -1.09T | -335.36B | -7.07T |
Ratios
Fiscal year January - December; amounts in KRW.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 16.52B | 15.98B | 12.98B | 29.23B | 16.68B | 17.43B |
| Enterprise Value | 34.53B | 29.41B | 24.22B | 40.59B | 28.14B | 25.32B |
| Last Close Price | 49.67 | 52.52 | 41.60 | 89.50 | 50.51 | 52.65 |
| PE Ratio | 15.56 | 35.07 | 17.51 | 22.32 | 6.67 | 3.14 |
| PS Ratio | 0.35 | 0.33 | 0.26 | 0.49 | 0.25 | 0.27 |
| PB Ratio | 0.38 | 0.37 | 0.31 | 0.64 | 0.36 | 0.38 |
| P/TBV Ratio | 0.48 | 0.46 | 0.38 | 0.76 | 0.44 | 0.45 |
| P/FCF Ratio | 16.68 | 6.72 | ||||
| P/OCF Ratio | 7.51 | 5.04 | 2.88 | 6.14 | 3.39 | 3.32 |
| EV/Sales Ratio | 0.74 | 0.61 | 0.49 | 0.68 | 0.42 | 0.40 |
| EV/EBITDA Ratio | 8.43 | 7.38 | 6.05 | 7.42 | 4.15 | 2.35 |
| EV/EBIT Ratio | 23.76 | 23.05 | 16.46 | 16.21 | 7.31 | 3.26 |
| EV/FCF Ratio | 28.14 | 9.77 | ||||
| Debt / Equity Ratio | 0.50 | 0.48 | 0.44 | 0.45 | 0.43 | 0.41 |
| Debt / EBITDA Ratio | 5.11 | 5.00 | 4.41 | 3.79 | 2.94 | 1.76 |
| Debt / FCF Ratio | 19.98 | 7.29 | ||||
| Net Debt / Equity Ratio | 0.27 | 0.23 | 0.20 | 0.15 | 0.11 | 0.08 |
| Net Debt / EBITDA Ratio | 2.81 | 2.46 | 2.03 | 1.27 | 0.75 | 0.34 |
| Net Debt / FCF Ratio | -8.48 | -12.93 | -11.95 | -14.19 | 5.08 | 1.41 |
| Asset Turnover | 0.68 | 0.66 | 0.71 | 0.77 | 0.89 | 0.90 |
| Inventory Turnover | 4.99 | 4.61 | 4.81 | 4.83 | 5.03 | 5.31 |
| Quick Ratio | 1.29 | 1.23 | 1.21 | 1.41 | 1.30 | 1.42 |
| Current Ratio | 1.98 | 1.88 | 1.93 | 2.11 | 2.05 | 2.21 |
| Return on Equity (ROE) | 2.21% | 0.81% | 1.57% | 3.13% | 6.30% | 14.04% |
| Return on Assets (ROA) | 1.31% | 1.10% | 1.33% | 2.04% | 3.19% | 6.78% |
| Return on Invested Capital (ROIC) | 1.85% | 1.12% | 2.32% | 3.41% | 6.93% | 12.66% |
| Return on Capital Employed (ROCE) | 2.50% | 2.20% | 2.70% | 4.10% | 6.40% | 13.10% |
| Earnings Yield | 6.43% | 2.85% | 5.71% | 4.48% | 14.99% | 31.88% |
| FCF Yield | -9.66% | -4.74% | -5.25% | -1.67% | 6.00% | 14.87% |
| Dividend Yield | 2.33% | 3.28% | ||||
| Payout Ratio | 36.16% | 139.16% | 77.10% | 48.02% | 38.75% | 19.81% |
| Buyback Yield / Dilution | 0.81% | 3.04% | -2.79% | 3.85% | -2.89% | 3.08% |
| Total Shareholder Return | 3.09% | 6.32% | -2.79% | 3.85% | -2.89% | 3.08% |