Logo

PKX

POSCO Holdings Inc.

PKX

POSCO Holdings Inc. • NYSE
$53.08 ▼ -3.42% (-1.88)
Market Cap $16.07 B
52w High $61.24
52w Low $39.40
Dividend Yield 1.79%
P/E 48.25
Volume 199.78K
Outstanding Shares 302.66M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $17.261T ▼ $777B ▲ $421B ▲ 2.439% ▲ $1.3K ▲ $639B ▼
Q2-2025 $17.556T ▲ $680.072B ▲ $159.865B ▼ 0.911% ▼ $528.5 ▼ $1.612T ▲
Q1-2025 $17.437T ▼ $666.648B ▼ $302.295B ▲ 1.734% ▲ $999.5 ▲ $1.591T ▲
Q4-2024 $17.805T ▼ $912.614B ▲ $-428.385B ▼ -2.406% ▼ $-1.417K ▼ $1.061T ▼
Q3-2024 $18.321T $676.641B $452.654B 2.471% $1.495K $1.795T

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $15.839T ▼ $102.618T ▲ $102.618T ▲ $55.62T ▲
Q2-2025 $16.544T ▲ $101.17T ▼ $40.565T ▲ $54.672T ▼
Q1-2025 $15.497T ▲ $102.124T ▼ $40.45T ▼ $55.577T ▲
Q4-2024 $14.802T ▼ $103.404T ▲ $41.954T ▲ $55.394T ▲
Q3-2024 $16.104T $102.301T $41.097T $55.303T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $421B ▲ $0 ▼ $0 ▲ $0 ▼ $-7.002T ▼ $0 ▼
Q2-2025 $83.846B ▼ $1.764T ▲ $-2.599T ▼ $1.193T ▼ $229.744B ▲ $113.062B ▲
Q1-2025 $302.295B ▼ $668.779B ▼ $-1.966T ▼ $1.304T ▲ $4.645B ▲ $-702.759B ▼
Q4-2024 $1.095T ▲ $2.25T ▲ $-1.751T ▼ $-1.64T ▲ $-961.033B ▼ $34.024B ▲
Q3-2024 $452.654B $1.338T $555.714B $-2.14T $-305.489B $-540.395B

Five-Year Company Overview

Income Statement

Income Statement Revenue has come down from its recent peak but still sits meaningfully higher than pre‑pandemic levels. Profitability has compressed more than sales: operating profit and net income are now well below the boom year of 2021 and also noticeably weaker than 2022. This pattern is typical of a cyclical steel business facing softer prices and higher costs. Earnings are still positive, but the company is currently in a lower-profit phase of the cycle, and results look more volatile than the steady revenue trend might suggest.

Balance Sheet

Balance Sheet The balance sheet looks relatively solid and gradually larger over time. Total assets and shareholder equity have been rising, giving the company a sizeable capital base and cushion. Debt has also crept up, reflecting heavier investment, but it does not appear to have exploded relative to the equity base. Cash on hand is higher than a few years ago, though not at peak levels, which provides some flexibility but not an unlimited buffer. Overall, leverage seems manageable, but the company is clearly leaning into investment rather than deleveraging.

Cash Flow

Cash Flow The core business continues to generate steady cash from operations, even as profits have come down. The big story in cash flow is heavy capital spending in the last two years, which has pushed free cash flow into negative territory. In plain language, the company is spending more on new plants, technology, and growth projects than it is currently bringing in after day‑to‑day operations. This is a classic “investing phase”: it can support future growth and competitive strength but also increases execution risk and reduces financial flexibility in the short to medium term.

Competitive Edge

Competitive Edge POSCO holds a strong position as a global steel leader, with clear advantages in technology, product quality, and cost efficiency. Its smart factories, proprietary processes, and long history in premium automotive and industrial steels give it a meaningful edge over more commoditized producers. Vertical integration into raw materials and trading helps secure supply and smooth some price swings. Diversification into battery materials and other advanced materials reduces reliance on traditional steel alone and ties the group to fast-growing EV and clean‑energy supply chains. Offsetting these strengths, the company still operates in a very cyclical, globally competitive industry where demand, Chinese capacity, and commodity prices can quickly shift margins.

Innovation and R&D

Innovation and R&D Innovation is a centerpiece of POSCO’s strategy. In steel, it is pushing AI-driven process control, digital twins, robotics, and proprietary technologies like FINEX and future HyREX hydrogen ironmaking to cut costs, boost quality, and lower emissions. Beyond steel, the group is investing heavily in battery materials, including both cathodes and anodes, and exploring next‑generation chemistries such as silicon anodes and solid‑state materials. It is also working on materials for future mobility, renewable energy, and carbon capture. The overall picture is a traditional industrial company actively reinventing itself with data, automation, and greener technologies, but with long development timelines and uncertain ultimate returns.

Summary

POSCO today looks like a mature steel champion going through a down part of the profit cycle while simultaneously committing to an ambitious transformation. Earnings have fallen from earlier highs, but the company remains profitable, with a reasonably strong balance sheet and consistent operating cash generation. Management is clearly prioritizing long-term growth and decarbonization, as shown by heavy capital spending and deep pushes into smart steelmaking and battery materials. Key points to monitor include how quickly these investments translate into more stable, higher-quality earnings, whether debt and cash levels stay comfortable during this build‑out phase, and how well the company navigates the inherent ups and downs of the global steel market.

NEWS

October 30, 2025 · 7:52 AM UTC

Cleveland-Cliffs Announces POSCO as MoU Counterparty as Korea Trade Agreement Takes Effect

Read more

September 29, 2025 · 8:50 AM UTC

ReElement Technologies and POSCO International America Sign Long Term Commercial Offtake Partnership to Advance U.S. Rare Earth Refining Capabilities

Read more

September 18, 2025 · 9:00 AM UTC

ReElement Technologies Signs MOU with POSCO International to Bolster Rare Earth Supply Chain and Build Integrated U.S. Production Complex

Read more

September 11, 2025 · 8:27 AM UTC

Glenfarne, POSCO International Announce Agreement to Enter Strategic Alaska LNG Partnership Including LNG Offtake and Steel Supply

Read more