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ArcelorMittal (MT)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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ArcelorMittal Income Statement 2025-2011 | MT
Brief overview of income trends at ArcelorMittal
The overview follows changes across a five-year period. The revenue attributed to ArcelorMittal moved from $63.6 billion to $53.3 billion between the two endpoints. The total change was −16.2%, with a CAGR of approximately −3.5%. The business finished the period with a smaller revenue base.
The gross result shifted from −$1.6 billion to $4.1 billion, or +355.4%. The relationship between sales and direct costs improved over the period. Gross profit as a share of revenue changed from −2.5% to 7.8%. Improving gross profitability strengthens the quality of revenue growth.
EBITDA changed from −969 million dollars to 2.1 billion dollars (+317.8%). EBITDA grew faster than revenue, indicating positive operating leverage. The EBITDA share of revenue changed from −1.5% to 4%. Higher profitability strengthens the quality of operating growth.
Across the five years, the net result shifted from −$7.9 billion to −$733 million. The direction improved, yet positive earnings are still absent.
The market value of the business moved from $8.6 billion to $24.4 billion, or +182.5%. Investor expectations increased faster than reported performance.
Summary assessment
The results present an uneven picture without one dominant signal. The positive side is supported by net-income growth, better sales economics and higher operating efficiency. The main areas of concern are limited revenue growth and a low EBITDA margin. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement ArcelorMittal
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
38.7 B | 19.5 B | 21.8 B | 23.5 B | 32.8 B | 24.4 B | 14.7 B | 23.4 B | 36.2 B | 22.8 B | 8.63 B | 21.7 B | 37.4 B | 33.7 B | 40.3 B |
Shares |
763 M | 788 M | 842 M | 911 M | 1.1 B | 1.14 B | 1.01 B | 1.02 B | 1.02 B | 953 M | 753 M | 751 M | 747 M | 650 M | 650 M |
Historical Prices |
50.7 | 24.7 | 25.9 | 25.8 | 29.7 | 21.4 | 14.5 | 23 | 35.5 | 22.8 | 11.2 | 27.7 | 46.8 | 47.3 | 54.2 |
Net Income |
3.24 B | 1.38 B | 1.02 B | 9.54 B | 15.6 B | -733 M | -2.45 B | 5.15 B | 4.57 B | 1.78 B | -7.95 B | -1.09 B | -2.54 B | -3.73 B | 2.26 B |
Revenue |
- | - | - | - | - | 53.3 B | 70.6 B | 76 B | 68.7 B | 56.8 B | 63.6 B | 79.3 B | 79.4 B | 84.2 B | 94 B |
Cost of Revenue |
57 B | 56.7 B | 63.5 B | 67.3 B | 57.3 B | 49.1 B | 68.9 B | 67 B | 60.9 B | 50.4 B | 65.2 B | - | - | - | - |
Gross Profit |
4.38 B | 5.79 B | 4.74 B | 12.5 B | 19.2 B | 4.13 B | 1.73 B | 9.01 B | 7.8 B | 6.36 B | -1.62 B | 5.99 B | 4.19 B | 96 M | 8.45 B |
Operating Income |
3.63 B | 3.31 B | 2.34 B | 10.3 B | 17 B | 2.11 B | -627 M | 6.54 B | 5.43 B | 4.16 B | -4.16 B | - | - | - | - |
Interest Expense |
577 M | 510 M | 715 M | 401 M | 357 M | 477 M | 695 M | 687 M | 879 M | 1.17 B | 1.38 B | - | - | - | - |
EBITDA |
3.63 B | 3.31 B | 2.34 B | 10.3 B | 17 B | 2.11 B | -627 M | 6.54 B | 5.43 B | 6.88 B | -969 M | 6.97 B | 5.89 B | 1.46 B | 9.57 B |
Operating Expenses |
- | - | - | - | - | 2.02 B | 2.36 B | 2.47 B | 2.37 B | 2.2 B | 2.54 B | 2.96 B | 3 B | 3.32 B | 3.56 B |
General and Administrative Expenses |
2.61 B | 2.48 B | 2.4 B | 2.26 B | 2.26 B | - | 2.36 B | 2.47 B | 2.37 B | 2.2 B | 2.54 B | 2.96 B | - | 3.32 B | 3.56 B |
All numbers in USD currency
Quarterly Income Statement ArcelorMittal
| 2025-Q4 | 2025-Q2 | 2024-Q4 | 2024-Q2 | 2023-Q4 | 2023-Q2 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
763 M | 765 M | 788 M | 802 M | 842 M | 851 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
3.24 B | 2.65 B | 1.38 B | 1.49 B | 1.02 B | 3.05 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
57 B | 28.5 B | 56.7 B | 29.2 B | 63.5 B | 32.8 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
4.38 B | 2.18 B | 5.79 B | 3.37 B | 4.74 B | 4.3 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
3.63 B | 2.76 B | 3.31 B | 2.12 B | 2.34 B | 3.12 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
577 M | - | 510 M | - | 715 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
3.63 B | 2.76 B | 3.31 B | 2.12 B | 2.34 B | 3.12 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
2.61 B | 1.28 B | 2.48 B | 1.26 B | 2.4 B | 1.18 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company ArcelorMittal (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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