What is Algoma Steel Group's operating income?

Algoma Steel Group's total operating income in 2025 was -$967.18 million, based on the following breakdown: Total Gross Profit: -$484.83 million Total Operating Expenses: $482.35 million

Algoma Steel Group (ASTL) Financials

$4.32 -0.03 (-0.69%)

Closing price 07/24/2026 04:00 PM Eastern

Extended Trading

$4.40 +0.09 (+1.97%)

As of 07/24/2026 07:34 PM Eastern

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Annual Income Statements for Algoma Steel Group

This table shows Algoma Steel Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-124	-61	687	221	78	-718
Consolidated Net Income / (Loss)	-124	-61	687	221	78	-718
Net Income / (Loss) Continuing Operations	-124	-61	687	221	78	-718
Total Pre-Tax Income	-127	-61	927	278	107	-949
Total Operating Income	-97	68	1,130	215	124	-967
Total Gross Profit	-56	125	1,213	288	208	-485
Total Revenue	1,379	1,430	3,049	2,054	2,065	1,521
Operating Revenue	1,379	1,430	3,049	2,054	2,065	1,521
Total Cost of Revenue	1,435	1,305	1,836	1,766	1,856	2,006
Operating Cost of Revenue	1,435	1,305	1,836	1,766	1,856	2,006
Total Operating Expenses	40	58	83	73	85	482
Selling, General & Admin Expense	40	58	83	73	85	82
Impairment Charge	-	-	-	-	-	367
Restructuring Charge	-	-	-	-	-	33
Total Other Income / (Expense), net	-30	-128	-204	63	-17	19
Interest Expense	12	14	198	13	14	12
Interest & Investment Income	1.83	0.88	0.40	9.83	7.39	4.81
Other Income / (Expense), net	-20	-116	-6.17	66	-9.68	25
Income Tax Expense	-3.03	0.00	239	57	29	-230
Weighted Average Basic Shares Outstanding	-	-	147.96M	103.57M	104.10M	104.93M
Diluted Earnings per Share	($2.46)	($1.06)	$7.75	$1.26	$0.52	($6.61)
Weighted Average Diluted Shares Outstanding	-	-	147.96M	103.57M	104.10M	104.93M
Weighted Average Basic & Diluted Shares Outstanding	-	-	147.96M	103.57M	104.10M	104.93M

No quarterly income statements for Algoma Steel Group are available.

This table details how cash moves in and out of Algoma Steel Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	12/31/2025
Net Change in Cash & Equivalents	191	-265	1,483	-854	-110	-303
Net Cash From Operating Activities	71	-78	1,746	-239	218	-56
Net Cash From Continuing Operating Activities	71	-78	1,746	-239	180	-56
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00	0.00	78	-718
Consolidated Net Income / (Loss)	-	-	-	-	78	-718
Depreciation Expense	-	-	-	-	85	260
Non-Cash Adjustments To Reconcile Net Income	-20	116	1,030	255	23	617
Changes in Operating Assets and Liabilities, net	91	-194	716	-494	-5.54	-214
Net Cash From Investing Activities	-50	-52	-131	-228	-362	-239
Net Cash From Continuing Investing Activities	-50	-52	-131	-228	-362	-239
Purchase of Property, Plant & Equipment	-80	-57	-133	-274	-362	-240
Sale of Property, Plant & Equipment	-	-	-	-	-	0.88
Net Cash From Financing Activities	174	-133	-129	-430	33	0.00
Net Cash From Continuing Financing Activities	168	-126	-129	-430	43	0.00
Effect of Exchange Rate Changes	1.83	-9.24	-3.93	43	-	-8.61

No quarterly cash flow statements for Algoma Steel Group are available.

This table presents Algoma Steel Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	3/31/2021	3/31/2022	3/31/2023	12/31/2024	12/31/2025
Total Assets	1,238	2,158	1,816	2,213	1,543
Total Current Assets	672	1,535	1,010	1,042	785
Cash & Equivalents	17	733	183	185	57
Restricted Cash	3.11	3.12	2.88	0.07	0.07
Accounts Receivable	219	322	215	158	141
Inventories, net	331	385	534	611	415
Prepaid Expenses	59	64	70	30	22
Current Deferred & Refundable Income Taxes	-	-	-	59	151
Plant, Property, & Equipment, net	558	620	799	1,155	751
Plant, Property & Equipment, gross	-3.27	20	16	5.49	0.66
Total Noncurrent Assets	12	7.21	11	16	6.64
Intangible Assets	1.20	0.88	0.67	0.35	0.22
Other Noncurrent Operating Assets	11	6.33	10	15	6.42
Total Liabilities & Shareholders' Equity	1,238	2,158	1,816	2,213	1,543
Total Liabilities	1,100	890	734	1,165	1,185
Total Current Liabilities	184	292	254	268	183
Short-Term Debt	0.00	8.01	7.39	17	10
Accounts Payable	123	210	151	222	149
Other Taxes Payable	22	52	11	29	24
Total Noncurrent Liabilities	916	598	481	897	1,002
Long-Term Debt	502	68	83	439	612
Asset Retirement Reserve & Litigation Obligation	32	30	27	26	28
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	74	71	77	0.00
Noncurrent Employee Benefit Liabilities	381	287	301	267	252
Other Noncurrent Operating Liabilities	1.99	138	82	88	109
Total Equity & Noncontrolling Interests	274	1,288	1,081	1,053	359
Total Preferred & Common Equity	274	1,288	1,097	1,053	359
Total Common Equity	274	1,288	1,097	1,053	359
Common Stock	326	1,104	709	677	711
Retained Earnings	-199	62	156	71	-655
Accumulated Other Comprehensive Income / (Loss)	7.57	122	232	305	302

No quarterly balance sheets for Algoma Steel Group are available.

This table displays calculated financial ratios and metrics derived from Algoma Steel Group's official financial filings.

Metric	2020	2021	2022	2023	2024	2025
Period end date	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	104,933,802.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	104,933,802.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-6.85
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	3.72%	113.19%	-32.63%	0.51%	-26.33%
EBITDA Growth	0.00%	58.87%	2,443.59%	-75.01%	-29.24%	-443.19%
EBIT Growth	0.00%	58.87%	2,443.59%	-75.01%	-59.47%	-927.04%
NOPAT Growth	0.00%	169.99%	1,672.20%	-79.66%	-47.38%	-854.71%
Net Income Growth	0.00%	51.08%	1,233.13%	-67.88%	-64.80%	-1,024.47%
EPS Growth	0.00%	56.91%	831.13%	-83.69%	-59.11%	-1,378.03%
Operating Cash Flow Growth	0.00%	-210.38%	2,334.07%	-113.68%	191.14%	-125.78%
Free Cash Flow Firm Growth	0.00%	0.00%	248.50%	-124.39%	-17.27%	-15.96%
Invested Capital Growth	0.00%	0.00%	-1.97%	62.17%	33.78%	-29.95%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	-4.09%	8.76%	39.78%	14.03%	10.10%	-31.87%
EBITDA Margin	-8.46%	-3.35%	36.87%	13.68%	9.63%	-44.86%
Operating Margin	-7.00%	4.72%	37.07%	10.46%	5.98%	-63.59%
EBIT Margin	-8.46%	-3.35%	36.87%	13.68%	5.52%	-61.92%
Profit (Net Income) Margin	-8.99%	-4.24%	22.54%	10.74%	3.76%	-47.22%
Tax Burden Percent	97.61%	100.00%	74.16%	79.37%	72.60%	75.72%
Interest Burden Percent	108.88%	126.41%	82.42%	98.97%	93.97%	100.71%
Effective Tax Rate	0.00%	0.00%	25.84%	20.63%	27.40%	0.00%
Return on Invested Capital (ROIC)	0.00%	15.26%	136.54%	21.39%	7.79%	-60.38%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-47.08%	227.06%	8.44%	-6.32%	-70.32%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-59.57%	-48.55%	-2.76%	-0.50%	-41.36%
Return on Equity (ROE)	0.00%	-44.31%	87.99%	18.63%	7.28%	-101.75%
Cash Return on Invested Capital (CROIC)	0.00%	-184.74%	138.53%	-26.03%	-21.11%	-25.16%
Operating Return on Assets (OROA)	0.00%	-3.87%	66.21%	14.14%	5.65%	-50.16%
Return on Assets (ROA)	0.00%	-4.90%	40.47%	11.11%	3.86%	-38.25%
Return on Common Equity (ROCE)	0.00%	-44.31%	87.99%	18.76%	7.34%	-101.75%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-22.15%	53.35%	20.12%	7.38%	0.00%
Net Operating Profit after Tax (NOPAT)	-68	47	838	170	90	-677
NOPAT Margin	-4.90%	3.31%	27.49%	8.30%	4.34%	-44.51%
Net Nonoperating Expense Percent (NNEP)	0.00%	62.34%	-90.52%	12.95%	14.11%	9.93%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	5.94%	-69.02%
Cost of Revenue to Revenue	104.09%	91.24%	60.22%	85.97%	89.90%	131.87%
SG&A Expenses to Revenue	2.91%	4.03%	2.71%	3.57%	4.11%	5.38%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	2.91%	4.03%	2.71%	3.57%	4.11%	31.71%
Earnings before Interest and Taxes (EBIT)	-117	-48	1,124	281	114	-942
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-117	-48	1,124	281	199	-682
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	1.05	0.82	1.20
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	1.05	0.82	1.20
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.56	0.42	0.28
Price to Earnings (P/E)	0.00	0.00	0.00	5.21	11.13	0.00
Dividend Yield	0.00%	0.00%	0.47%	2.57%	2.40%	6.10%
Earnings Yield	0.00%	0.00%	0.00%	19.18%	8.99%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	1.07	0.86	1.08
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.51	0.55	0.65
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	3.76	5.71	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	3.76	9.97	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	6.19	12.66	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	5.21	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	1.83	0.06	0.08	0.43	1.73
Long-Term Debt to Equity	0.00	1.83	0.05	0.08	0.42	1.71
Financial Leverage	0.00	1.27	-0.21	-0.33	0.08	0.59
Leverage Ratio	0.00	4.52	2.17	1.68	1.89	2.66
Compound Leverage Factor	0.00	5.72	1.79	1.66	1.77	2.68
Debt to Total Capital	0.00%	64.69%	5.60%	7.72%	30.24%	63.42%
Short-Term Debt to Total Capital	0.00%	0.00%	0.59%	0.63%	1.15%	1.04%
Long-Term Debt to Total Capital	0.00%	64.69%	5.01%	7.09%	29.09%	62.38%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	35.31%	94.40%	93.63%	69.76%	36.58%
Debt to EBITDA	0.00	-10.46	0.07	0.32	2.30	-0.91
Net Debt to EBITDA	0.00	-10.04	-0.59	-0.34	1.36	-0.83
Long-Term Debt to EBITDA	0.00	-10.46	0.06	0.30	2.21	-0.90
Debt to NOPAT	0.00	10.60	0.09	0.53	5.09	-0.92
Net Debt to NOPAT	0.00	10.18	-0.79	-0.56	3.02	-0.84
Long-Term Debt to NOPAT	0.00	10.60	0.08	0.49	4.90	-0.90
Altman Z-Score	0.00	0.00	0.00	3.20	2.01	-0.94
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	-0.67%	-0.74%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-573	851	-207	-243	-282
Operating Cash Flow to CapEx	88.70%	-136.82%	1,311.61%	-87.09%	60.17%	-23.53%
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	1.16	1.80	1.03	1.03	0.81
Accounts Receivable Turnover	0.00	6.54	11.27	7.64	11.06	10.19
Inventory Turnover	0.00	3.94	5.13	3.84	3.24	3.91
Fixed Asset Turnover	0.00	2.56	5.18	2.89	2.11	1.60
Accounts Payable Turnover	0.00	10.65	11.05	9.78	9.96	10.83
Days Sales Outstanding (DSO)	0.00	55.84	32.39	47.76	33.00	35.83
Days Inventory Outstanding (DIO)	0.00	92.56	71.11	94.95	112.56	93.32
Days Payable Outstanding (DPO)	0.00	34.28	33.03	37.31	36.66	33.69
Cash Conversion Cycle (CCC)	0.00	114.12	70.46	105.40	108.90	95.46
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	620	608	986	1,319	924
Invested Capital Turnover	0.00	4.61	4.97	2.58	1.79	1.36
Increase / (Decrease) in Invested Capital	0.00	620	-12	378	333	-395
Enterprise Value (EV)	0.00	0.00	0.00	1,055	1,136	995
Market Capitalization	0.00	0.00	0.00	1,151	864	430
Book Value per Share	$0.00	$0.00	$8.71	$7.41	$10.17	$3.42
Tangible Book Value per Share	$0.00	$0.00	$8.70	$7.41	$10.16	$3.42
Total Capital	0.00	775	1,364	1,172	1,510	981
Total Debt	0.00	502	76	90	457	622
Total Long-Term Debt	0.00	502	68	83	439	612
Net Debt	0.00	482	-660	-95	271	566
Capital Expenditures (CapEx)	80	57	133	274	362	239
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	468	515	578	606	556
Debt-free Net Working Capital (DFNWC)	0.00	488	1,251	764	792	613
Net Working Capital (NWC)	0.00	488	1,243	756	774	603
Net Nonoperating Expense (NNE)	56	108	151	-50	12	41
Net Nonoperating Obligations (NNO)	0.00	346	-680	-95	266	565
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	85	260
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	147.96M	103.57M	104.10M	104.93M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$7.75	$1.71	$0.52	($6.61)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	147.96M	103.57M	104.10M	104.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	147.96M	103.57M	104.10M	104.93M
Normalized Net Operating Profit after Tax (NOPAT)	-68	47	838	170	90	-397
Normalized NOPAT Margin	-4.90%	3.31%	27.49%	8.30%	4.34%	-26.08%
Pre Tax Income Margin	-9.21%	-4.24%	30.39%	13.54%	5.18%	-62.36%
Debt Service Ratios	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	1.08%	10.28%	26.52%	0.00%
Augmented Payout Ratio	0.00%	0.00%	1.08%	195.61%	26.52%	0.00%

No quarterly metrics and ratios for Algoma Steel Group are available.

Financials Breakdown Chart

Algoma Steel Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Algoma Steel Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Algoma Steel Group's net income appears to be on a downward trend, with a most recent value of -$718.28 million in 2025, rising from -$123.96 million in 2020. The previous period was $77.70 million in 2024. See where experts think Algoma Steel Group is headed by visiting Algoma Steel Group's forecast page.

Algoma Steel Group's total operating income in 2025 was -$967.18 million, based on the following breakdown:

Total Gross Profit: -$484.83 million
Total Operating Expenses: $482.35 million

Over the last 5 years, Algoma Steel Group's total revenue changed from $1.38 billion in 2020 to $1.52 billion in 2025, a change of 10.3%.

Algoma Steel Group's total liabilities were at $1.18 billion at the end of 2025, a 1.7% increase from 2024, and a 7.7% increase since 2021.

In the past 4 years, Algoma Steel Group's cash and equivalents has ranged from $16.89 million in 2021 to $733.30 million in 2022, and is currently $56.52 million as of their latest financial filing in 2025.

Over the last 5 years, Algoma Steel Group's book value per share changed from 0.00 in 2020 to 3.42 in 2025, a change of 342.2%.

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Financial statements for NASDAQ:ASTL last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Algoma Steel Group (ASTL) Financials

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Algoma Steel Group Financials - Frequently Asked Questions

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Algoma Steel Group (ASTL) Financials

Annual Income Statements for Algoma Steel Group

Quarterly Income Statements for Algoma Steel Group

Annual Cash Flow Statements for Algoma Steel Group

Quarterly Cash Flow Statements for Algoma Steel Group

Annual Balance Sheets for Algoma Steel Group

Quarterly Balance Sheets for Algoma Steel Group

Annual Metrics And Ratios for Algoma Steel Group

Quarterly Metrics And Ratios for Algoma Steel Group

Financials Breakdown Chart

Algoma Steel Group Financials - Frequently Asked Questions

When does Algoma Steel Group's financial year end?

How has Algoma Steel Group's net income changed over the last 5 years?

What is Algoma Steel Group's operating income?

How has Algoma Steel Group's revenue changed over the last 5 years?

How much debt does Algoma Steel Group have?

How much cash does Algoma Steel Group have?

How has Algoma Steel Group's book value per share changed over the last 5 years?

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