ArcelorMittal Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	61,352	62,441	68,275	79,844	76,571
Revenue Growth (YoY)	-1.74%	-8.54%	-14.49%	4.27%	43.74%
Cost of Revenue	55,446	56,321	62,500	65,883	57,524
Gross Profit	5,906	6,120	5,775	13,961	19,047
Selling, General & Admin	-	2,395	2,337	2,021	2,152
Research & Development	-	285	299	286	270
Operating Expenses	2,945	2,680	2,636	2,307	2,422
Operating Income	2,961	3,440	3,139	11,654	16,625
Interest Expense	-296	-510	-715	-401	-357
Interest & Investment Income	-	400	570	188	79
Earnings From Equity Investments	635	779	1,184	1,317	2,204
Currency Exchange Gain (Loss)	-413	-565	-48	191	-155
Other Non Operating Income (Expenses)	-	-297	-423	-261	-204
EBT Excluding Unusual Items	2,887	3,247	3,707	12,688	18,192
Merger & Restructuring Charges	-	-216	-4	-7	-55
Impairment of Goodwill	-	-	-194	-	-
Gain (Loss) on Sale of Investments	48	-	-1,405	-	-
Asset Writedown	-204	-116	-844	-1,526	218
Legal Settlements	-	-	-	-	-163
Other Unusual Items	871	-	-	100	-167
Pretax Income	3,602	2,915	1,260	11,255	18,025
Income Tax Expense	359	1,535	238	1,717	2,460
Earnings From Continuing Operations	3,243	1,380	1,022	9,538	15,565
Minority Interest in Earnings	-91	-41	-103	-236	-609
Net Income	3,152	1,339	919	9,302	14,956
Net Income to Common	3,152	1,339	919	9,302	14,956
Net Income Growth	135.40%	45.70%	-90.12%	-37.80%	-
Shares Outstanding (Basic)	763	788	842	911	1,105
Shares Outstanding (Diluted)	766	791	845	914	1,108
Shares Change (YoY)	-3.16%	-6.39%	-7.55%	-17.51%	-2.81%
EPS (Basic)	4.13	1.70	1.09	10.21	13.53
EPS (Diluted)	4.11	1.69	1.09	10.18	13.49
EPS Growth	143.19%	55.05%	-89.29%	-24.54%	-
Free Cash Flow	471	447	3,032	6,735	6,897
Free Cash Flow Per Share	0.61	0.56	3.59	7.37	6.22
Dividend Per Share	0.600	0.550	0.500	0.440	0.380
Dividend Growth	9.09%	10.00%	13.64%	15.79%	26.67%
Gross Margin	9.63%	9.80%	8.46%	17.48%	24.88%
Operating Margin	4.83%	5.51%	4.60%	14.60%	21.71%
Profit Margin	5.14%	2.14%	1.35%	11.65%	19.53%
Free Cash Flow Margin	0.77%	0.72%	4.44%	8.43%	9.01%
EBITDA	5,906	5,845	5,579	14,234	19,148
EBITDA Margin	9.63%	9.36%	8.17%	17.83%	25.01%
D&A For EBITDA	2,945	2,405	2,440	2,580	2,523
EBIT	2,961	3,440	3,139	11,654	16,625
EBIT Margin	4.83%	5.51%	4.60%	14.60%	21.71%
Effective Tax Rate	9.97%	52.66%	18.89%	15.25%	13.65%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q