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096770 · KRX · South Korea · Energy
In shortSK Innovation is loss-making, burns cash and holds more cash than debt, with revenue growing (+8.1% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 0.6% | 19/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -4.2% | 3/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -14.4% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 1.0% | 7/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.04× | 20/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.74× | 70/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.07× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.60 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -3.8% | 5/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 29.8% | 1/100 |
| Operating margin volatility | 2.0% | 91/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 0.9% | 22/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
KRW millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 46,853,416 | 78,056,939 | 76,755,739 | 74,269,647 | 80,296,054 |
| Cost of revenue | 42,672,122 | 71,029,733 | 71,830,248 | 70,256,180 | 75,996,215 |
| Gross profit | 4,181,294 | 7,027,207 | 4,925,491 | 4,013,467 | 4,299,839 |
| Selling, general & admin | 2,439,622 | 3,109,866 | 3,661,916 | 3,950,128 | 4,569,784 |
| Operating income | 1,741,673 | 3,917,341 | 1,880,613 | 355,697 | 448,684 |
| Interest expense | 3,023,102 | 8,107,092 | 6,145,248 | 6,360,857 | 6,362,558 |
| Pre-tax income | 818,466 | 2,860,190 | 921,945 | (2,302,435) | (5,868,799) |
| Income tax | 373,705 | 965,011 | 369,243 | (140) | (954,988) |
| Net income | 488,510 | 1,895,179 | 256,250 | (2,259,957) | (3,347,850) |
| Diluted EPS | KRW3,490.00 | KRW18,510.00 | KRW2,807.00 | −KRW21,531.00 | −KRW21,502.00 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
0.60 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: DART (opendart.fss.or.kr). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 1, 2025 · Data updated Mar 16, 2026