Hyundai Corporation financial statements, 6 years: Revenue grew at an average 21.26% a year
Consolidated financial statements for 2020–2025 and the 2026 half-year report that Hyundai Corporation filed with DART, laid out by year. No interpretation or outlook.
Hyundai Corporation financial statements, 6 years: Revenue grew at an average 21.26% a year
The consolidated financial statements in the 2020–2025 annual reports that Hyundai Corporation (011760) filed with Korea’s DART electronic disclosure system, laid out by year. Figures from the 2026 half-year report cover a different period and are shown separately. Every figure below is taken as filed in the DART submissions; there is no interpretation or outlook. Amounts are in Korean won (KRW; bn = billion, tn = trillion).
1. Income statement — the compound annual growth rate of revenue was 21.26%
| Fiscal year | Revenue | Revenue change | Operating income | Op. income change | Operating margin | Net income |
|---|---|---|---|---|---|---|
| 2020 | 2.88tn | — | 33.2bn | — | 1.1% | 49.4bn |
| 2021 | 3.78tn | +31.30% | 35.1bn | +5.51% | 0.9% | 38.0bn |
| 2022 | 6.13tn | +61.98% | 66.8bn | +90.56% | 1.1% | 78.7bn |
| 2023 | 6.58tn | +7.40% | 99.3bn | +48.64% | 1.5% | 83.4bn |
| 2024 | 7.00tn | +6.31% | 133.5bn | +34.43% | 1.9% | 121.0bn |
| 2025 | 7.55tn | +7.99% | 140.1bn | +4.94% | 1.9% | 86.8bn |
Revenue was largest in 2025 at KRW 7.55tn and smallest in 2020 at KRW 2.88tn among the six years. It never fell from the previous year.
Operating income was largest in 2025 at KRW 140.1bn and smallest in 2020 at KRW 33.2bn. The operating margin was highest in 2024 at 1.9%.
Net income was largest in 2024 at KRW 121.0bn and smallest in 2021 at KRW 38.0bn.
2. Financial position — equity became 2.21x
| Fiscal year | Total assets | Total equity | Debt ratio | Current ratio |
|---|---|---|---|---|
| 2020 | 1.22tn | 314.5bn | 287.7% | 142.9% |
| 2021 | 1.71tn | 362.8bn | 370.6% | 127.2% |
| 2022 | 1.83tn | 436.6bn | 319.4% | 126.4% |
| 2023 | 2.06tn | 580.6bn | 254.7% | 98.2% |
| 2024 | 2.06tn | 655.3bn | 214.7% | 139.6% |
| 2025 | 2.32tn | 694.8bn | 234.6% | 122.6% |
The debt ratio was highest in 2021 at 370.6% and lowest in 2024 at 214.7%.
Over the same period total assets went from KRW 1.22tn to KRW 2.32tn (1.91x), and total equity went from KRW 314.5bn to KRW 694.8bn and became 2.21x.
The current ratio was below 100% in 1 year, 2023 — in those years current liabilities exceeded current assets.
3. Cash flow — negative in 3 years
| Fiscal year | Operating cash flow | Net income | Operating CF ÷ net income | ROE |
|---|---|---|---|---|
| 2020 | 140.8bn | 49.4bn | 2.85x | 15.7% |
| 2021 | −344.8bn | 38.0bn | −9.07x | 10.5% |
| 2022 | 386.5bn | 78.7bn | 4.91x | 18.0% |
| 2023 | −69.9bn | 83.4bn | −0.84x | 14.4% |
| 2024 | 40.5bn | 121.0bn | 0.34x | 18.5% |
| 2025 | −294.7bn | 86.8bn | −3.40x | 12.5% |
Operating cash flow was negative in 2021, 2023 and 2025. It was largest in 2022 at KRW 386.5bn.
ROE was highest in 2024 at 18.5% and lowest in 2021 at 10.5%.
4. Latest half-year report (end of H1, 51st fiscal period, consolidated basis)
The period differs, so these figures cannot be compared directly with the annual tables above. Only cumulative figures for the same period of the previous year are compared.
| Item | 2026 cumulative | Same period last year | Change |
|---|---|---|---|
| Revenue | 4.89tn | 3.78tn | +29.50% |
| Operating income | 109.0bn | 71.5bn | +52.37% |
| Net income | 51.4bn | 39.6bn | +29.76% |
| Finance income | 32.7bn | 24.3bn | +34.84% |
| Operating cash flow | −142.9bn | — | — |
At the end of the period, total assets were KRW 3.22tn, total liabilities KRW 2.45tn and total equity KRW 766.8bn.
The cumulative operating margin was 2.2%.
5. Ownership, dividends and staff (as of the 2025 annual report)
- Largest shareholder: Hyundai Corporation Holdings Co., Ltd., stake 21.79%
- No cash dividend was reported in the 2025 annual report
- Employees: 273, average pay per employee KRW 117m
How to read this
This page lays out the filed figures by year and nothing more. Financial statements do not say why the numbers moved, so neither do we.
The order of publication follows revenue in the latest fiscal year and has nothing to do with the content.
To check the same figures, search for the company on DART and open the consolidated financial statements in its annual reports. Every number here was computed from the 2020–2025 annual reports and the interim report downloaded through the OpenDART API on 2026-10-25; ratios divide the filed account amounts.
This article is for information only and is not investment advice.