ArcelorMittal Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	61,095	62,441	68,275	79,844	76,571	53,270	Upgrade
Revenue Growth (YoY)	-1.90%	-8.54%	-14.49%	4.27%	43.74%	-24.56%	Upgrade
Cost of Revenue	55,270	56,321	62,500	65,883	57,524	48,625	Upgrade
Gross Profit	5,825	6,120	5,775	13,961	19,047	4,645	Upgrade
Selling, General & Admin	2,395	2,395	2,337	2,021	2,152	2,102	Upgrade
Research & Development	285	285	299	286	270	245	Upgrade
Operating Expenses	2,846	2,680	2,636	2,307	2,422	2,347	Upgrade
Operating Income	2,979	3,440	3,139	11,654	16,625	2,298	Upgrade
Interest Expense	-637	-510	-715	-401	-357	-477	Upgrade
Interest & Investment Income	400	400	570	188	79	56	Upgrade
Earnings From Equity Investments	623	779	1,184	1,317	2,204	234	Upgrade
Currency Exchange Gain (Loss)	105	-565	-48	191	-155	107	Upgrade
Other Non Operating Income (Expenses)	-297	-297	-423	-261	-204	-319	Upgrade
EBT Excluding Unusual Items	3,173	3,247	3,707	12,688	18,192	1,899	Upgrade
Merger & Restructuring Charges	-216	-216	-4	-7	-55	-342	Upgrade
Impairment of Goodwill	-	-	-194	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	131	-	-1,405	-	-	-	Upgrade
Asset Writedown	-274	-116	-844	-1,526	218	-171	Upgrade
Legal Settlements	-	-	-	-	-163	-	Upgrade
Other Unusual Items	1,139	-	-	100	-167	-298	Upgrade
Pretax Income	3,953	2,915	1,260	11,255	18,025	1,088	Upgrade
Income Tax Expense	1,308	1,535	238	1,717	2,460	1,666	Upgrade
Earnings From Continuing Operations	2,645	1,380	1,022	9,538	15,565	-578	Upgrade
Minority Interest in Earnings	-60	-41	-103	-236	-609	-155	Upgrade
Net Income	2,585	1,339	919	9,302	14,956	-733	Upgrade
Net Income to Common	2,585	1,339	919	9,302	14,956	-733	Upgrade
Net Income Growth	-	45.70%	-90.12%	-37.80%	-	-	Upgrade
Shares Outstanding (Basic)	765	788	842	911	1,105	1,140	Upgrade
Shares Outstanding (Diluted)	769	791	845	914	1,108	1,140	Upgrade
Shares Change (YoY)	-4.11%	-6.39%	-7.55%	-17.51%	-2.81%	12.54%	Upgrade
EPS (Basic)	3.38	1.70	1.09	10.21	13.53	-0.64	Upgrade
EPS (Diluted)	3.36	1.69	1.09	10.18	13.49	-0.64	Upgrade
EPS Growth	-	55.05%	-89.29%	-24.54%	-	-	Upgrade
Free Cash Flow	58	447	3,032	6,735	6,897	1,643	Upgrade
Free Cash Flow Per Share	0.07	0.56	3.59	7.37	6.22	1.44	Upgrade
Dividend Per Share	0.550	0.550	0.500	0.440	0.380	0.300	Upgrade
Dividend Growth	10.00%	10.00%	13.64%	15.79%	26.67%	-	Upgrade
Gross Margin	9.53%	9.80%	8.46%	17.48%	24.88%	8.72%	Upgrade
Operating Margin	4.88%	5.51%	4.60%	14.60%	21.71%	4.31%	Upgrade
Profit Margin	4.23%	2.14%	1.35%	11.65%	19.53%	-1.38%	Upgrade
Free Cash Flow Margin	0.10%	0.72%	4.44%	8.43%	9.01%	3.08%	Upgrade
EBITDA	5,550	5,845	5,579	14,234	19,148	5,258	Upgrade
EBITDA Margin	9.08%	9.36%	8.17%	17.83%	25.01%	9.87%	Upgrade
D&A For EBITDA	2,571	2,405	2,440	2,580	2,523	2,960	Upgrade
EBIT	2,979	3,440	3,139	11,654	16,625	2,298	Upgrade
EBIT Margin	4.88%	5.51%	4.60%	14.60%	21.71%	4.31%	Upgrade
Effective Tax Rate	33.09%	52.66%	18.89%	15.25%	13.65%	153.13%	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.