Hyundai Rotem's defence division reported a 27.2% operating margin in the first quarter of 2026 against a group figure of 15.4%.
Cash and equivalents rose from ₩908.4bn at the end of December 2025 to ₩2,681.7bn in March and ₩2,527.3bn at the end of June.
Hyundai Rotem's operating margin fell in each of the last five quarters, from 18.2% in the second quarter of 2025 to 14.5% in the second quarter of 2026.
Teams led by HANWHA AEROSPACE CO., LTD. (012450) and Hyundai Rotem Company (064350) are competing for a Korean missile project, Dailian reported Friday.
| Period | 064350 | KOSPI | Difference |
|---|---|---|---|
| 1 week | -8.8% | -1.5% | -7.3% |
| 1 month | -9.4% | +5.2% | -14.5% |
| 3 months | -34.2% | -22.6% | -11.6% |
| 6 months | -37.2% | +31.3% | -68.5% |
| Year to date | -32.5% | +58.7% | -91.2% |
| 1 year | -38.0% | +108.9% | -146.9% |
Closed at 4% of the way from its 52-week low (₩120,100) to its 52-week high (₩269,000).
Hyundai Rotem makes two very different things: railway rolling stock and main battle tanks. Its rail division builds metro cars, high-speed trains and locomotives for Korean operators and for export. Its defence division builds the K2 Black Panther tank, the vehicle behind Korea's largest ever arms export, a multi-billion-dollar programme supplying Poland as it rearms following Russia's invasion of Ukraine. A third, smaller unit supplies automated production equipment, largely to Hyundai Motor plants. The company sits inside the Hyundai Motor Group, which owns a controlling stake. Because both rail and defence work is contracted years ahead and recognised as it progresses, the order backlog matters more than any quarter's revenue. For a US reader it is closest to a combination of Wabtec and a tracked-vehicle manufacturer, in which the tanks currently generate most of the profit and nearly all of the investor attention.
| Sector | Defense | Employees | |
| Market | KOSPI | Founded | |
| Korean name | 현대로템 | Head office |
| Symbol | Last Price |
|---|---|
| 012450HANWHA AEROSPACE CO., LTD. | ₩1,055,000 +0.8% |
| 079550LIG Defense & Aerospace Co., Ltd. | ₩652,000 -2.0% |
| 272210Hanwha Systems Co., Ltd. | ₩68,800 +1.2% |
| 047810Korea Aerospace Industries, Ltd. | ₩126,500 +1.2% |
| 099320Satrec Initiative Co., Ltd. | ₩70,700 +4.9% |