POSCO
PKX · NYSESteel Works, Blast Furnaces & Rolling Mills (Coke Ovens) · Fiscal year ends Dec 31 · Reports in KRW
POSCO reported revenue of KRW 73,459B in the fiscal year ended Dec 2024, down 4.7% from the year before. Operating income was KRW 1,452B, an operating margin of 2.0%, and net income was KRW 1,005B. Operating cash flow of KRW 6,664B less capital expenditure of KRW 7,670B left free cash flow of −KRW 1,006B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Revenue | KRW 57,467B | KRW 76,009B | KRW 85,004B | KRW 77,057B | KRW 73,459B |
| Cost of revenue | KRW 52,799B | KRW 64,154B | KRW 77,321B | KRW 70,639B | KRW 67,971B |
| Gross profit | KRW 4,668B | KRW 11,855B | KRW 7,682B | KRW 6,417B | KRW 5,488B |
| Research & development | KRW 468B | KRW 469B | KRW 536B | KRW 518B | KRW 556B |
| Operating income | KRW 2,054B | KRW 8,775B | KRW 4,342B | KRW 2,738B | KRW 1,452B |
| Interest expense | KRW 639B | KRW 440B | KRW 607B | KRW 1,001B | KRW 1,052B |
| Pre-tax income | KRW 1,973B | KRW 9,390B | KRW 4,047B | KRW 2,635B | KRW 1,326B |
| Income tax | KRW 224B | KRW 2,214B | KRW 462B | KRW 789B | KRW 321B |
| Net income | KRW 1,748B | KRW 7,176B | KRW 3,586B | KRW 1,846B | KRW 1,005B |
Balance sheet
| Fiscal year | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Cash & equivalents | KRW 4,755B | KRW 4,775B | KRW 8,053B | KRW 6,671B | KRW 6,768B |
| Receivables | KRW 8,110B | KRW 9,979B | KRW 9,702B | KRW 10,803B | KRW 10,821B |
| Inventory | KRW 9,636B | KRW 16,096B | KRW 16,133B | KRW 14,557B | KRW 14,179B |
| Current assets | KRW 36,405B | KRW 47,420B | KRW 48,243B | KRW 46,732B | KRW 44,065B |
| Net PP&E | KRW 29,400B | KRW 29,597B | KRW 31,781B | KRW 35,206B | KRW 39,847B |
| Goodwill | KRW 904B | KRW 736B | KRW 442B | KRW 403B | KRW 358B |
| Total assets | KRW 79,684B | KRW 92,299B | KRW 99,022B | KRW 101,486B | KRW 103,444B |
| Current liabilities | KRW 17,211B | KRW 21,271B | KRW 23,435B | KRW 22,468B | KRW 22,741B |
| Total liabilities | KRW 32,080B | KRW 37,585B | KRW 40,830B | KRW 41,888B | KRW 42,001B |
| Shareholders' equity | KRW 44,294B | KRW 50,379B | KRW 52,478B | KRW 54,146B | KRW 55,390B |
Cash flow
| Fiscal year | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Operating cash flow | KRW 8,686B | KRW 6,259B | KRW 6,187B | KRW 6,168B | KRW 6,664B |
| Capital expenditure | KRW 3,154B | KRW 3,069B | KRW 4,928B | KRW 6,733B | KRW 7,670B |
| Free cash flow | KRW 5,531B | KRW 3,191B | KRW 1,259B | −KRW 566B | −KRW 1,006B |
Key ratios
| Fiscal year | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 32.3% | 11.8% | −9.3% | −4.7% |
| Operating income growth (YoY) | – | 327.2% | −50.5% | −36.9% | −47.0% |
| Gross margin | 8.1% | 15.6% | 9.0% | 8.3% | 7.5% |
| Operating margin | 3.6% | 11.5% | 5.1% | 3.6% | 2.0% |
| Net margin | 3.0% | 9.4% | 4.2% | 2.4% | 1.4% |
| Return on equityBlank when equity is negative | 3.9% | 14.2% | 6.8% | 3.4% | 1.8% |
| ROCEEBIT ÷ (assets − current liabilities) | 3.3% | 12.4% | 5.7% | 3.5% | 1.8% |
| Free cash flow margin | 9.6% | 4.2% | 1.5% | −0.7% | −1.4% |
| Cash conversion (CFO ÷ net income) | 4.97x | 0.87x | 1.73x | 3.34x | 6.63x |
| Receivable days | 52 | 48 | 42 | 51 | 54 |
| Inventory days | 67 | 92 | 76 | 75 | 76 |
| Interest cover | 3.22x | 20.0x | 7.15x | 2.73x | 1.38x |
| Current ratio | 2.12x | 2.23x | 2.06x | 2.08x | 1.94x |
Recent filings
More in Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.