ArcelorMittal S.A. (MT) — Financial statements
Income statement, balance sheet, and cash flow for ArcelorMittal S.A. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 61,352↓1.7% | 62,441↓8.5% | 68,275↓14.5% | 79,844↑4.3% | 76,571 | |
| Cost of Revenue | 55,446↓2.1% | 56,653↓9.4% | 62,500↓5.1% | 65,883↑14.5% | 57,524 | |
| Gross Profit | 5,906↑2.0% | 5,788↑0.2% | 5,775↓58.6% | 13,961↓26.7% | 19,047 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 285↓4.7% | 299↑4.5% | 286↑5.9% | 270 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00↓100.0% | 2,478 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 2,278↑899.3% | -285↓109.1% | 3,136↓7.8% | 3,403↑89.0% | 1,801 | |
| Operating Expenses | 2,278↓8.1% | 2,478↓27.9% | 3,435↓6.9% | 3,689↑78.1% | 2,071 | |
| Total Costs & Expenses | 57,724↓2.4% | 59,131↓10.3% | 65,935↓5.2% | 69,572↑16.7% | 59,595 | |
| Operating Results | ||||||
| Operating Income | 3,628↑9.6% | 3,310↑41.5% | 2,340↓77.2% | 10,272↓39.5% | 16,976 | |
| Depreciation & Amortization | 2,945↑11.9% | 2,632↑7.9% | 2,440↓5.4% | 2,580↑2.3% | 2,523 | |
| EBITDA | 5,906↓2.5% | 6,057↑8.6% | 5,579↓60.8% | 14,234↓25.7% | 19,148 | |
| EBIT | 2,961↓13.5% | 3,425↑9.1% | 3,139↓73.1% | 11,654↓29.9% | 16,625 | |
| Interest & Other Income | ||||||
| Net Interest Income | -296↓169.1% | -110↑24.1% | -145↑31.9% | -213↑23.4% | -278 | |
| Interest Income | 0.00↓100.0% | 400↓29.8% | 570↑203.2% | 188↑138.0% | 79 | |
| Interest Expense | 297↓41.8% | 510↓28.7% | 715↑78.3% | 401↑12.3% | 357 | |
| Non-Operating Income | 667↑680.0% | -115↑85.6% | -799↑42.2% | -1,382↓493.7% | 351 | |
| Other Income / Expenses | -26↑93.4% | -395↑63.4% | -1,080↓209.9% | 983↓6.3% | 1,049 | |
| Income Before Tax | 3,602↑23.6% | 2,915↑131.3% | 1,260↓88.8% | 11,255↓37.6% | 18,025 | |
| Income Tax Expense | 359↓76.6% | 1,535↑545.0% | 238↓86.1% | 1,717↓30.2% | 2,460 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 3,243↑135.0% | 1,380↑35.0% | 1,022↓89.3% | 9,538↓38.7% | 15,565 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 3,152↑135.4% | 1,339↑45.7% | 919↓90.1% | 9,302↓37.8% | 14,956 | |
| Bottom-Line Net Income | 3,152↑135.4% | 1,339↑45.7% | 919↓90.1% | 9,302↓37.8% | 14,956 | |
| EPS (Basic) | 4.13↑142.9% | 1.70↑56.0% | 1.09↓89.3% | 10.21↓44.9% | 18.54 | |
| EPS (Diluted) | 4.11↑143.2% | 1.69↑55.0% | 1.09↓89.3% | 10.18↓44.9% | 18.49 | |
| Weighted Average Shares | 763↓3.2% | 788↓6.4% | 842↓7.6% | 911↓17.6% | 1,105 | |
| Weighted Average Diluted Shares | 766↓3.2% | 791↓6.4% | 845↓7.5% | 914↓17.5% | 1,108 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.