KBNYSECommercial Banks, NECFiscal year ends December 31
KB Financial Group Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 28, 2026
$119.14+0.33 (+0.28%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2008 to 2025
Operating margin
–
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Operating income | +5.9% | +17.6% | +12.9% | +16.7% | |
| Net income | +14.9% | +12.4% | +11.0% | +13.1% | |
| EPS, diluted | +19.9% | +15.1% | +11.8% | +13.3% | |
| Free cash flow | +5.7% | -4.5% | – | +7.1% | |
| Dividend per share | +99.6% | -9.8% | -6.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 8.6% | 10.0% | |
| Return on assets | – | 0.6% | 0.7% | |
| Debt to equity | – | 0.25 | 0.19 | |
| Net debt to EBITDA | – | -1.73× | -1.88× | |
| Interest coverage | 0.5× | 1.0× | 0.5× | |
| Capex to revenue | 5.3% | 3.4% | – | |
| Diluted shares | 386M | 395M | 369M |
Where the cash went
Fiscal 2021 to 2025, five years combined
KB Financial generated ₩19.14T from operations and spent ₩11.62T on capital expenditure, dividends and share buybacks. 14% of that went back into the business.
Generated
₩19.14T
Used
₩11.62T
Capital expenditure₩1.60T14%Dividends₩7.15T61%Share buybacks₩2.87T25%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin28.3%
×Asset turnover0.02×
×Equity multiplier13.11×
=Return on equity, FY20238.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | 28.3% | 0.02× | 13.11× | 8.4% |
| FY2022 | 29.8% | 0.02× | 13.57× | 8.1% |
| FY2021 | 30.4% | 0.02× | 13.91× | 9.7% |
| FY2020 | 27.8% | 0.02× | 13.93× | 8.6% |
| FY2019 | 29.0% | 0.02× | 13.44× | 8.9% |
| FY2018 | 28.2% | 0.02× | 13.14× | 8.8% |
| FY2017 | 32.5% | 0.03× | 12.49× | 10.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero₩5.83T
- Cash generatingOperating cash flow above zero₩4.23T
- Return on assets improvedROA up on the prior year0.7% → 0.8%
- Earnings backed by cashOperating cash flow above net income₩4.23T vs ₩5.83T
- Less leverageLong-term debt to assets fell1.5% → 1.4%
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise383M → 369M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → –