MT financial statements
The full income statement, balance sheet, and cash-flow statement for Arcelor Mittal NY Registry Shares NEW (MT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 61.4B-1.7% | 62.4B-8.5% | 68.3B-14.5% | 79.8B+4.3% | 76.6B+43.7% | |
| 4.38B-24.4% | 5.79B+22.2% | 4.74B-62.2% | 12.5B-34.8% | 19.2B+365.5% | ||
| Cost of revenue | 57.0B+0.6% | 56.7B-10.8% | 63.5B-5.6% | 67.3B+17.4% | 57.3B+16.7% | |
| Research & development | 335M+17.5% | 285M-4.7% | 299M+4.5% | 286M+5.9% | 270M+10.2% | |
| Operating income | 3.63B+9.6% | 3.31B+41.5% | 2.34B-77.2% | 10.3B-39.5% | 17.0B+704.5% | |
| Pre-tax income | 3.60B+23.6% | 2.92B+131.3% | 1.26B-88.8% | 11.3B-37.6% | 18.0B+1556.7% | |
| Income tax | 359M-76.6% | 1.53B+545.0% | 238M-86.1% | 1.72B-30.2% | 2.46B+47.7% | |
| 3.24B+135.0% | 1.38B+35.0% | 1.02B-89.3% | 9.54B-38.7% | 15.6B+2792.9% | ||
| Net income to common | 3.15B+135.4% | 1.34B+45.7% | 919M-90.1% | 9.30B-37.8% | 15.0B+2140.4% | |
| $4.11+143.2% | $1.69+55.0% | $1.09-89.3% | $10.18-24.5% | $13.49+2207.8% | ||
| EPS (basic) | $4.13+142.9% | $1.70+56.0% | $1.09-89.3% | $10.21-24.5% | $13.53+2214.1% | |
| Weighted-avg shares (basic) | 763M-3.2% | 788M-6.4% | 842M-7.6% | 911M-17.6% | 1.10B-3.1% | |
| Weighted-avg shares (diluted) | 766M-3.2% | 791M-6.4% | 845M-7.5% | 914M-17.5% | 1.11B-2.8% | |
| Dividends per share | $0.55+8.2% | $0.51+13.5% | $0.45-43.0% | $0.79+19.7% | $0.66+340.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 30.6B+4.2% | 29.4B-11.6% | 33.2B-10.4% | 37.1B+6.2% | 34.9B+24.9% | ||
| Cash & equivalents | 5.39B-15.8% | 6.40B-16.7% | 7.69B-17.4% | 9.30B+120.6% | 4.21B-24.7% | |
| Accounts receivable | 3.48B+3.0% | 3.38B-7.8% | 3.66B-4.6% | 3.84B-25.4% | 5.14B+67.4% | |
| Inventory | 18.6B+12.7% | 16.5B-12.0% | 18.8B-6.6% | 20.1B+1.2% | 19.9B+61.1% | |
| 97.7B+9.3% | 89.4B-4.8% | 93.9B-0.7% | 94.5B+4.5% | 90.5B+10.3% | ||
| Property, plant & equipment | 41.0B+23.2% | 33.3B-1.0% | 33.7B+11.6% | 30.2B+0.3% | 30.1B-1.8% | |
| Total non-current assets | 67.1B+11.8% | 60.0B-1.1% | 60.7B+5.7% | 57.4B+3.3% | 55.6B+2.8% | |
| 22.5B+3.2% | 21.8B+0.3% | 21.8B-2.8% | 22.4B-7.3% | 24.2B+6.6% | ||
| Short-term & current debt | 1.41B-9.3% | 1.55B+37.8% | 1.13B-15.9% | 1.34B+60.0% | 836M+23.5% | |
| 41.2B+8.1% | 38.1B+0.7% | 37.8B-2.8% | 39.0B-0.5% | 39.2B-6.3% | ||
| Long-term debt | 10.7B+21.1% | 8.81B+5.3% | 8.37B-7.7% | 9.07B+39.8% | 6.49B-33.9% | |
| 54.5B+10.7% | 49.2B-8.8% | 54.0B+1.5% | 53.2B+8.2% | 49.1B+28.3% | ||
| Total equity incl. non-controlling | 56.5B+10.2% | 51.3B-8.5% | 56.1B+0.9% | 55.6B+8.3% | 51.3B+27.6% | |
| Common shares issued | 775M-9.1% | 853M+0.0% | 853M-2.8% | 878M-10.7% | 983M-3.8% | |
| Common shares outstanding | 761M-1.0% | 769M-6.2% | 819M+1.7% | 805M-11.6% | 911M-15.7% | |
| Shares outstanding (cover) | 761M-1.0% | 769M-6.2% | 819M+1.7% | 805M-11.6% | 911M-15.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.81B-0.9% | 4.85B-36.5% | 7.64B-25.1% | 10.2B+3.0% | 9.90B+142.7% | ||
| Depreciation & amortization | 2.94B+11.9% | 2.63B-1.6% | 2.67B+3.7% | 2.58B+2.3% | 2.52B-14.8% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 2.11B-5.4% | 2.23B+1561.9% | 134M-96.6% | 3.89B+2548.3% | 147M-54.5% | |
| Long-term debt repaid | 420M+588.5% | 61.0M+281.3% | 16.0M | 0.00-100.0% | 2.33B+41.8% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 262M-79.8% | 1.30B+7.6% | 1.21B-58.9% | 2.94B-43.2% | 5.17B+934.0% | |
| Dividends paid | 421M+7.1% | 393M+6.5% | 369M-42.0% | 636M+5.8% | 601M+271.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 34.7B+95.1% | 17.8B-22.2% | 22.9B-4.3% | 23.9B-17.6% | 29.0B+17.2% | |
| P/E | 10.7×-17.0% | 12.9×+437.4% | 2.4×+56.2% | 1.5×-17.6% | 1.9× | |
| P/S | 0.6×+98.6% | 0.3×-0.6% | 0.3×-8.2% | 0.3×-17.6% | 0.4×-18.5% | |
| P/B | 0.6×+76.3% | 0.4×-16.0% | 0.4×-11.6% | 0.5×-17.6% | 0.6×-8.7% | |
| Earnings yield | 9.3%+20.4% | 7.8%-81.4% | 41.7%-36.0% | 65.2%+21.4% | 53.7% | |
| Dividend yield | 1.2%-45.1% | 2.2%+39.4% | 1.6%-47.3% | 3.0%+45.3% | 2.1%+216.7% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: MT’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MT filings on SEC EDGAR → Not investment advice.