ArcelorMittal (MT) Financials

$30.61 -0.66 (-2.11%)

Closing price 05/28/2025 03:59 PM Eastern

Extended Trading

$30.88 +0.27 (+0.88%)

As of 09:01 AM Eastern

Annual Income Statements for ArcelorMittal

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,421	1,125	9,774	16,174	-423	1,932	5,511	4,582	1,689	-8,900
Consolidated Net Income / (Loss)	1,380	1,022	9,538	15,565	-578	2,454	5,330	4,575	1,734	-8,423
Net Income / (Loss) Continuing Operations	1,380	1,022	9,538	15,565	-578	6,374	5,330	4,575	1,734	-8,423
Total Pre-Tax Income	2,915	1,260	11,255	18,025	1,088	6,374	4,981	5,007	2,720	-7,521
Total Operating Income	3,310	935	10,272	16,976	2,110	6,027	6,539	5,434	4,161	-4,161
Total Gross Profit	5,788	4,737	12,535	19,234	4,132	1,728	9,008	7,803	6,363	-1,618
Total Revenue	62,441	68,275	79,844	76,571	53,270	77,269	76,033	68,679	56,791	63,578
Operating Revenue	62,441	68,275	79,844	76,571	53,270	77,269	76,033	68,679	56,791	63,578
Total Cost of Revenue	56,653	63,538	67,309	57,337	49,138	68,887	67,025	60,876	50,428	65,196
Operating Cost of Revenue	56,653	63,538	67,309	57,337	49,138	68,887	67,025	60,876	50,428	65,196
Total Operating Expenses	2,478	3,802	2,263	2,258	2,022	2,355	2,469	2,369	2,202	2,543
Selling, General & Admin Expense	2,478	2,397	2,263	2,258	2,022	2,355	2,469	2,369	2,202	2,543
Total Other Income / (Expense), net	-395	325	983	1,049	-1,022	347	-1,558	-427	-1,441	-3,360
Interest Expense	1,174	859	334	1,155	1,256	-	2,210	875	2,056	2,858
Interest & Investment Income	779	1,184	1,317	2,204	234	347	652	448	615	-502
Income Tax Expense	1,535	238	1,717	2,460	1,666	-	-349	432	986	902
Net Income / (Loss) Attributable to Noncontrolling Interest	-41	-103	-236	-609	-155	-	-181	-7.00	45	477
Basic Earnings per Share	$1.70	-	$10.21	$13.53	($0.64)	-	$5.07	$4.48	$1.87	($10.29)
Weighted Average Basic Shares Outstanding	788M	1.64B	911M	1.11B	1.14B	1.01B	1.02B	1.02B	953M	772M
Diluted Earnings per Share	$1.69	$1.09	$10.18	$13.49	($0.64)	-	$5.04	$4.46	$1.86	($10.29)
Weighted Average Diluted Shares Outstanding	791M	1.64B	914M	1.11B	1.14B	1.01B	1.02B	1.02B	955M	772M
Weighted Average Basic & Diluted Shares Outstanding	768.55M	1.64B	805.34M	1.82B	1.08B	1.01B	1.01B	1.02B	-	-

No quarterly income statements for ArcelorMittal are available.

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-815	-1,869	7,698	14,955	573	2,707	6,460	7,117	3,192	376
Net Cash From Operating Activities	3,741	7,645	10,183	14,533	4,308	6,017	4,987	5,825	2,160	4,350
Net Cash From Continuing Operating Activities	3,741	7,637	10,183	14,533	4,308	15,917	4,987	5,825	2,160	4,350
Net Income / (Loss) Continuing Operations	1,380	1,022	9,538	15,565	-578	2,454	5,330	4,575	1,734	-8,423
Consolidated Net Income / (Loss)	1,380	1,022	9,538	15,565	-578	2,454	5,330	4,575	1,734	-8,423
Depreciation Expense	2,632	2,675	2,580	2,523	2,960	3,067	2,799	2,768	2,721	3,192
Non-Cash Adjustments To Reconcile Net Income	-1,383	3,299	-1,839	-7,540	1,114	4,690	-3,556	-2,153	-3,364	8,562
Changes in Operating Assets and Liabilities, net	1,112	641	-96	3,985	812	5,706	414	635	1,069	-29
Net Cash From Investing Activities	-5,189	-5,848	-2,256	707	-2,439	3,824	-626	-426	-423	-2,707
Net Cash From Continuing Investing Activities	-5,189	-7,126	-2,256	707	-2,439	5,092	-626	-426	-423	-2,707
Purchase of Property, Plant & Equipment	-3,837	-4,613	-	-	-2,439	3,572	-	-	-	-
Acquisitions	-1,352	-2,524	-939	-29	0.00	801	26	22	192	0.00
Net Cash From Financing Activities	762	-3,666	-229	-285	-1,339	514	2,099	1,718	1,455	392
Net Cash From Continuing Financing Activities	762	-1,865	-229	-285	-1,339	12,230	2,099	1,718	1,455	392
Repayment of Debt	-1,142	-1,686	-	-	-3,148	5,436	-	-	-	-
Payment of Dividends	-580	-531	-663	-572	-181	332	-220	-141	-61	416
Issuance of Debt	2,484	352	434	287	1,990	6,372	2,319	1,859	1,516	6,790
Cash Interest Paid	799	-	-	-	604	-	-	-	-	1,561
Cash Interest Received	358	-	178	73	69	-	67	57	60	89
Cash Income Taxes Paid	763	-	-	-	705	-	-	-	-	398

No quarterly cash flow statements for ArcelorMittal are available.

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Total Assets	89,385	93,917	94,547	90,512	82,052	87,908	91,249	85,297	75,142
Total Current Assets	29,382	33,240	37,118	34,939	27,973	28,616	32,475	26,745	22,247
Cash & Equivalents	6,400	7,686	9,300	4,215	5,600	4,867	2,172	2,574	2,501
Restricted Cash	84	97	114	156	363	128	182	212	114
Accounts Receivable	3,375	3,661	3,839	5,143	3,072	3,569	4,432	3,863	2,974
Inventories, net	16,501	18,759	20,087	19,858	16,657	17,296	22,855	18,165	14,734
Prepaid Expenses	3,022	3,037	3,778	5,567	2,281	2,756	2,834	1,931	1,665
Plant, Property, & Equipment, net	0.00	-588	0.00	30,075	0.00	36,231	35,638	36,971	34,405
Total Noncurrent Assets	26,692	60,677	27,262	25,498	23,457	23,061	23,136	21,581	16,543
Long-Term Investments	11,719	10,591	11,884	11,465	9,797	7,301	5,761	6,555	3,702
Intangible Assets	4,453	-	4,903	4,425	4,312	5,432	5,728	5,737	-
Noncurrent Deferred & Refundable Income Taxes	8,942	9,469	8,554	8,147	7,866	8,680	8,287	7,055	5,837
Other Noncurrent Operating Assets	1,578	35,515	1,921	1,461	1,482	1,648	3,360	2,234	1,353
Total Liabilities & Shareholders' Equity	89,385	93,917	94,547	90,512	82,052	87,908	91,249	85,297	75,142
Total Liabilities	38,099	37,849	38,957	39,168	41,815	47,425	47,141	44,442	42,817
Total Current Liabilities	21,825	21,181	22,398	24,167	22,667	21,287	23,455	21,410	17,594
Short-Term Debt	2,748	2,312	2,583	1,913	2,507	2,869	3,167	2,785	1,885
Accounts Payable	12,921	13,605	13,532	15,093	11,525	12,614	13,981	13,428	11,633
Accrued Expenses	4,738	4,967	4,864	4,831	4,197	4,910	4,709	4,505	3,943
Current Deferred & Payable Income Tax Liabilities	480	297	318	1,266	464	378	238	232	133
Other Current Liabilities	938	-	1,101	1,064	3,974	516	1,360	460	-
Total Noncurrent Liabilities	16,274	-2,862	16,559	15,001	19,148	26,138	23,686	23,032	41,391
Long-Term Debt	8,815	8,369	9,067	6,488	9,815	11,471	9,316	10,143	11,789
Asset Retirement Reserve & Litigation Obligation	-23,407	-18,942	-19,867	-18,072	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	2,338	2,432	2,666	2,369	1,832	2,331	2,374	2,684	2,529
Noncurrent Employee Benefit Liabilities	2,338	2,741	2,606	3,772	4,656	7,343	6,982	7,630	8,297
Other Noncurrent Operating Liabilities	2,783	2,538	2,220	2,372	2,845	4,993	5,014	2,575	18,681
Total Equity & Noncontrolling Interests	51,286	75,010	55,590	51,344	393	40,483	44,108	40,855	94,785
Total Preferred & Common Equity	72,630	72,903	72,510	66,669	38,280	38,521	42,086	38,789	62,460
Total Common Equity	72,630	53,961	72,510	66,669	59,115	38,521	42,086	38,789	62,460
Common Stock	27,493	27,488	28,963	32,153	35,640	35,190	35,258	35,249	35,227
Retained Earnings	47,254	46,264	45,442	36,702	22,097	22,883	25,611	20,635	16,049
Treasury Stock	-2,117	-849	-1,895	-2,186	538	-602	-569	-362	-371
Noncontrolling Interest	2,063	2,107	2,438	2,238	1,957	1,962	2,022	2,066	32,325

No quarterly balance sheets for ArcelorMittal are available.

This table displays calculated financial ratios and metrics derived from ArcelorMittal's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.54%	-14.49%	4.27%	43.74%	-31.06%	1.63%	10.71%	20.93%	-10.68%	0.00%
EBITDA Growth	64.60%	-71.91%	-34.09%	284.60%	-44.25%	-2.61%	13.85%	19.18%	810.22%	0.00%
EBIT Growth	254.01%	-90.90%	-39.49%	704.55%	-64.99%	-7.83%	20.33%	30.59%	200.00%	0.00%
NOPAT Growth	106.62%	-91.29%	-40.62%	1,407.76%	-118.60%	-13.87%	40.93%	87.18%	191.07%	0.00%
Net Income Growth	35.03%	-89.29%	-38.72%	2,792.91%	-123.55%	-53.96%	16.50%	163.84%	120.59%	0.00%
EPS Growth	55.05%	-89.29%	-24.54%	2,207.81%	0.00%	0.00%	13.00%	139.78%	120.59%	0.00%
Operating Cash Flow Growth	-51.07%	-24.92%	-29.93%	237.35%	-28.40%	20.65%	-14.39%	169.68%	-50.34%	0.00%
Free Cash Flow Firm Growth	210.43%	-188.22%	185.17%	-216.79%	194.16%	304.16%	116.63%	6.28%	0.00%	0.00%
Invested Capital Growth	-48.39%	88.87%	-42.50%	903.42%	-85.48%	-12.27%	9.08%	105.16%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	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%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	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%	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%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	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%	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%	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%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.27%	6.94%	15.70%	25.12%	7.76%	2.24%	11.85%	11.36%	11.20%	-2.54%
EBITDA Margin	9.52%	5.29%	16.10%	25.47%	9.52%	11.77%	12.28%	11.94%	12.12%	-1.52%
Operating Margin	5.30%	1.37%	12.87%	22.17%	3.96%	7.80%	8.60%	7.91%	7.33%	-6.54%
EBIT Margin	5.30%	1.37%	12.87%	22.17%	3.96%	7.80%	8.60%	7.91%	7.33%	-6.54%
Profit (Net Income) Margin	2.21%	1.50%	11.95%	20.33%	-1.09%	3.18%	7.01%	6.66%	3.05%	-13.25%
Tax Burden Percent	47.34%	81.11%	84.74%	86.35%	-53.13%	38.50%	107.01%	91.37%	63.75%	111.99%
Interest Burden Percent	88.07%	134.76%	109.57%	106.18%	51.56%	105.76%	76.17%	92.14%	65.37%	180.75%
Effective Tax Rate	52.66%	18.89%	15.26%	13.65%	153.13%	0.00%	-7.01%	8.63%	36.25%	0.00%
Return on Invested Capital (ROIC)	3.07%	1.47%	17.83%	43.02%	-4.60%	13.25%	15.06%	15.02%	24.49%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	4.61%	-0.43%	-0.06%	54.05%	9.27%	-98.20%	-26.85%	16.14%	27.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-0.89%	0.09%	0.01%	17.15%	1.78%	-7.44%	-2.51%	-8.28%	-20.83%	0.00%
Return on Equity (ROE)	2.19%	1.57%	17.84%	60.17%	-2.83%	5.80%	12.55%	6.75%	3.66%	0.00%
Cash Return on Invested Capital (CROIC)	66.91%	-60.06%	71.79%	-120.73%	144.67%	26.32%	6.38%	-53.90%	-175.51%	0.00%
Operating Return on Assets (OROA)	3.61%	0.99%	11.10%	19.68%	2.48%	6.73%	7.41%	6.77%	5.54%	0.00%
Return on Assets (ROA)	1.51%	1.08%	10.31%	18.04%	-0.68%	2.74%	6.04%	5.70%	2.31%	0.00%
Return on Common Equity (ROCE)	2.19%	1.52%	23.22%	146.29%	-6.76%	5.53%	11.94%	5.04%	2.41%	0.00%
Return on Equity Simple (ROE_SIMPLE)	1.90%	1.40%	13.15%	23.35%	-1.51%	6.37%	12.66%	11.79%	2.78%	0.00%
Net Operating Profit after Tax (NOPAT)	1,567	758	8,705	14,659	-1,121	6,027	6,997	4,965	2,653	-2,913
NOPAT Margin	2.51%	1.11%	10.90%	19.14%	-2.10%	7.80%	9.20%	7.23%	4.67%	-4.58%
Net Nonoperating Expense Percent (NNEP)	-1.54%	1.91%	17.89%	-11.03%	-13.87%	111.45%	41.91%	-1.12%	-2.51%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	2.49%	0.89%	12.95%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	90.73%	93.06%	84.30%	74.88%	92.24%	89.15%	88.15%	88.64%	88.80%	102.54%
SG&A Expenses to Revenue	3.97%	3.51%	2.83%	2.95%	3.80%	3.05%	3.25%	3.45%	3.88%	4.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	3.97%	5.57%	2.83%	2.95%	3.80%	3.05%	3.25%	3.45%	3.88%	4.00%
Earnings before Interest and Taxes (EBIT)	3,310	935	10,272	16,976	2,110	6,027	6,539	5,434	4,161	-4,161
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5,942	3,610	12,852	19,499	5,070	9,094	9,338	8,202	6,882	-969
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.26	0.42	0.32	0.50	0.38	0.44	0.47	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.28	0.46	0.34	0.54	0.41	0.52	0.55	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.30	0.33	0.29	0.43	0.42	0.22	0.26	0.00	0.00	0.00
Price to Earnings (P/E)	13.34	19.93	2.35	2.06	0.00	8.82	3.63	0.00	0.00	0.00
Dividend Yield	2.16%	1.58%	2.69%	0.97%	0.00%	1.19%	0.51%	0.00%	0.00%	5.01%
Earnings Yield	7.50%	5.02%	42.50%	48.57%	0.00%	11.33%	27.58%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.41	0.25	0.44	0.45	3.36	0.50	0.54	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.23	0.25	0.20	0.37	0.39	0.27	0.35	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	2.42	4.66	1.23	1.44	4.09	2.32	2.82	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	4.34	18.01	1.54	1.66	9.83	3.49	4.03	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	9.17	22.20	1.81	1.92	0.00	3.49	3.77	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.84	2.20	1.55	1.93	4.82	3.50	5.29	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.42	0.00	0.45	0.00	0.59	1.76	8.90	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.14	0.21	0.16	31.35	0.35	0.28	0.32	0.14	0.00
Long-Term Debt to Equity	0.17	0.11	0.16	0.13	24.97	0.28	0.21	0.25	0.12	0.00
Financial Leverage	-0.19	-0.21	-0.09	0.32	0.19	0.08	0.09	-0.51	-0.77	0.00
Leverage Ratio	1.45	1.44	1.73	3.34	4.16	2.12	2.08	1.18	0.79	0.00
Compound Leverage Factor	1.28	1.94	1.90	3.54	2.14	2.24	1.58	1.09	0.52	0.00
Debt to Total Capital	18.40%	12.46%	17.33%	14.06%	96.91%	26.16%	22.06%	24.04%	12.61%	0.00%
Short-Term Debt to Total Capital	4.37%	2.70%	3.84%	3.20%	19.72%	5.23%	5.60%	5.18%	1.74%	0.00%
Long-Term Debt to Total Capital	14.03%	9.77%	13.48%	10.86%	77.19%	20.92%	16.46%	18.86%	10.87%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.28%	2.46%	3.63%	3.75%	15.39%	3.58%	3.57%	3.84%	29.80%	0.00%
Common Equity to Total Capital	115.56%	62.97%	107.84%	111.59%	464.92%	70.26%	74.37%	72.12%	57.59%	0.00%
Debt to EBITDA	1.95	2.96	0.91	0.43	2.43	1.58	1.34	1.58	1.99	0.00
Net Debt to EBITDA	-1.12	-2.13	-0.75	-0.38	-0.68	0.22	0.47	0.44	1.07	0.00
Long-Term Debt to EBITDA	1.48	2.32	0.71	0.33	1.94	1.26	1.00	1.24	1.71	0.00
Debt to NOPAT	7.38	14.08	1.34	0.57	-10.99	2.38	1.78	2.60	5.15	0.00
Net Debt to NOPAT	-4.24	-10.14	-1.11	-0.51	3.07	0.34	0.62	0.72	2.77	0.00
Long-Term Debt to NOPAT	5.63	11.04	1.04	0.44	-8.76	1.90	1.33	2.04	4.44	0.00
Altman Z-Score	1.96	1.96	2.42	2.69	1.51	1.79	1.84	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	-0.23%	3.16%	-30.15%	-143.12%	-138.86%	4.71%	4.81%	25.35%	34.10%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.35	1.57	1.66	1.45	1.23	1.34	1.38	1.25	1.26	0.00
Quick Ratio	0.45	0.54	0.59	0.39	0.38	0.40	0.28	0.30	0.31	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	34,142	-30,917	35,044	-41,145	35,229	11,976	2,963	-17,815	-19,009	0.00
Operating Cash Flow to CapEx	97.50%	165.73%	0.00%	0.00%	176.63%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	29.08	-35.99	104.92	-35.62	28.05	0.00	1.34	-20.36	-9.25	0.00
Operating Cash Flow to Interest Expense	3.19	8.90	30.49	12.58	3.43	0.00	2.26	6.66	1.05	1.52
Operating Cash Flow Less CapEx to Interest Expense	-0.08	3.53	30.49	12.58	1.49	0.00	2.26	6.66	1.05	2.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.72	0.86	0.89	0.63	0.86	0.86	0.86	0.76	0.00
Accounts Receivable Turnover	17.75	18.21	17.78	18.64	16.04	19.31	18.33	20.09	19.10	0.00
Inventory Turnover	3.21	3.27	3.37	3.14	2.89	3.43	3.27	3.70	3.42	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	2.15	2.09	1.92	1.65	0.00
Accounts Payable Turnover	4.27	4.68	4.70	4.31	4.07	5.18	4.89	4.86	4.33	0.00
Days Sales Outstanding (DSO)	20.56	20.05	20.53	19.58	22.75	18.90	19.91	18.17	19.11	0.00
Days Inventory Outstanding (DIO)	113.59	111.58	108.31	116.22	126.10	106.37	111.69	98.63	106.65	0.00
Days Payable Outstanding (DPO)	85.45	77.95	77.61	84.72	89.65	70.46	74.63	75.13	84.20	0.00
Cash Conversion Cycle (CCC)	48.70	53.68	51.22	51.08	59.20	54.81	56.97	41.67	41.56	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	34,742	67,317	35,642	61,981	6,177	42,527	48,476	44,442	21,662	0.00
Invested Capital Turnover	1.22	1.33	1.64	2.25	2.19	1.70	1.64	2.08	5.24	0.00
Increase / (Decrease) in Invested Capital	-32,575	31,675	-26,339	55,804	-36,350	-5,949	4,034	22,780	21,662	0.00
Enterprise Value (EV)	14,373	16,836	15,787	28,101	20,746	21,055	26,372	0.00	0.00	0.00
Market Capitalization	18,950	22,422	22,997	33,298	22,227	17,049	19,982	0.00	0.00	0.00
Book Value per Share	$88.65	$67.00	$79.59	$61.69	$58.41	$38.01	$41.26	$38.03	$65.54	$0.00
Tangible Book Value per Share	$83.22	$60.67	$74.21	$57.59	$54.15	$32.65	$35.65	$32.40	$59.61	$0.00
Total Capital	62,849	85,691	67,240	59,745	12,715	54,823	56,591	53,783	108,459	0.00
Total Debt	11,563	10,681	11,650	8,401	12,322	14,340	12,483	12,928	13,674	0.00
Total Long-Term Debt	8,815	8,369	9,067	6,488	9,815	11,471	9,316	10,143	11,789	0.00
Net Debt	-6,640	-7,693	-9,648	-7,435	-3,438	2,044	4,368	3,587	7,357	0.00
Capital Expenditures (CapEx)	3,837	4,613	0.00	0.00	2,439	-3,572	0.00	0.00	0.00	-2,707
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,821	6,588	7,889	8,314	1,850	5,203	9,833	5,334	3,923	0.00
Debt-free Net Working Capital (DFNWC)	10,305	14,371	17,303	12,685	7,813	10,198	12,187	8,120	6,538	0.00
Net Working Capital (NWC)	7,557	12,059	14,720	10,772	5,306	7,329	9,020	5,335	4,653	0.00
Net Nonoperating Expense (NNE)	187	-264	-833	-906	-543	3,573	1,667	390	919	5,510
Net Nonoperating Obligations (NNO)	-16,544	-7,693	-19,948	10,637	5,784	2,044	4,368	3,587	-73,123	0.00
Total Depreciation and Amortization (D&A)	2,632	2,675	2,580	2,523	2,960	3,067	2,799	2,768	2,721	3,192
Debt-free, Cash-free Net Working Capital to Revenue	6.12%	9.65%	9.88%	10.86%	3.47%	6.73%	12.93%	7.77%	6.91%	0.00%
Debt-free Net Working Capital to Revenue	16.50%	21.05%	21.67%	16.57%	14.67%	13.20%	16.03%	11.82%	11.51%	0.00%
Net Working Capital to Revenue	12.10%	17.66%	18.44%	14.07%	9.96%	9.49%	11.86%	7.77%	8.19%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.70	$1.09	$10.21	$0.00	($0.64)	($2.42)	$5,070,000.00	$4.48	$0.00	($10.29)
Adjusted Weighted Average Basic Shares Outstanding	788M	842M	911M	0.00	1.14B	1.01B	1.02B	1.02B	0.00	772M
Adjusted Diluted Earnings per Share	$1.69	$1.09	$10.18	$0.00	($0.64)	($2.42)	$5,040,000.00	$4.46	$0.00	($10.29)
Adjusted Weighted Average Diluted Shares Outstanding	791M	845M	914M	0.00	1.14B	1.01B	1.02B	1.02B	0.00	772M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	768.55M	1.64B	805.34M	0.00	1.08B	1.01B	1.01B	1.02B	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	2,317	1,898	8,705	14,659	1,477	4,219	4,577	4,965	2,653	-2,913
Normalized NOPAT Margin	3.71%	2.78%	10.90%	19.14%	2.77%	5.46%	6.02%	7.23%	4.67%	-4.58%
Pre Tax Income Margin	4.67%	1.85%	14.10%	23.54%	2.04%	8.25%	6.55%	7.29%	4.79%	-11.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.82	1.09	30.75	14.70	1.68	0.00	2.96	6.21	2.02	-1.46
NOPAT to Interest Expense	1.33	0.88	26.06	12.69	-0.89	0.00	3.17	5.67	1.29	-1.02
EBIT Less CapEx to Interest Expense	-0.45	-4.28	30.75	14.70	-0.26	0.00	2.96	6.21	2.02	-0.51
NOPAT Less CapEx to Interest Expense	-1.93	-4.49	26.06	12.69	-2.83	0.00	3.17	5.67	1.29	-0.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	42.03%	51.96%	6.95%	3.67%	-31.31%	-13.53%	4.13%	3.08%	3.52%	4.94%
Augmented Payout Ratio	42.03%	51.96%	6.95%	3.67%	-31.31%	-17.20%	4.13%	3.08%	3.52%	4.94%

No quarterly metrics and ratios for ArcelorMittal are available.

Frequently Asked Questions About ArcelorMittal's Financials

When does ArcelorMittal's fiscal year end?

According to the most recent income statement we have on file, ArcelorMittal's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has ArcelorMittal's net income changed over the last 9 years?

ArcelorMittal's net income appears to be on an upward trend, with a most recent value of $1.38 billion in 2024, falling from -$8.42 billion in 2015. The previous period was $1.02 billion in 2023. View ArcelorMittal's forecast to see where analysts expect ArcelorMittal to go next.

What is ArcelorMittal's operating income?

ArcelorMittal's total operating income in 2024 was $3.31 billion, based on the following breakdown:

Total Gross Profit: $5.79 billion
Total Operating Expenses: $2.48 billion

How has ArcelorMittal revenue changed over the last 9 years?

Over the last 9 years, ArcelorMittal's total revenue changed from $63.58 billion in 2015 to $62.44 billion in 2024, a change of -1.8%.

How much debt does ArcelorMittal have?

ArcelorMittal's total liabilities were at $38.10 billion at the end of 2024, a 0.7% increase from 2023, and a 11.0% decrease since 2016.

How much cash does ArcelorMittal have?

In the past 8 years, ArcelorMittal's cash and equivalents has ranged from $2.17 billion in 2018 to $9.30 billion in 2022, and is currently $6.40 billion as of their latest financial filing in 2024.

How has ArcelorMittal's book value per share changed over the last 9 years?

Over the last 9 years, ArcelorMittal's book value per share changed from 0.00 in 2015 to 88.65 in 2024, a change of 8,865.2%.

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This page (NYSE:MT) was last updated on 5/29/2025 by MarketBeat.com Staff

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ArcelorMittal (MT) Financials

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ArcelorMittal (MT) Financials

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