Disclosed herein is a coil component that includes a drum core including a pair of flange portions and a winding core portion positioned between the flange portions, a plurality of terminal electrodes formed on the flange portions, and a plurality of wires wound around the winding core portion, each end of the wires being electrically connected to an associated one of the terminal electrodes. Each of the flange portions has an inner side surface connected to the winding core portion and an outer side surface opposite to the inner side surface, the outer side surface has a plurality of ridges and at least one groove, and the terminal electrodes are formed on at least the ridges of the outer side surfaces such that the terminal electrodes are isolated from each other by the groove.