ArcelorMittal (AMSYF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AMSYF SEC filings page.
ArcelorMittal (AMSYF) reported $61.4B in revenue for fiscal year 2025, down 1.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (20-F and 6-K reports).
FY2025 profit recovered through below-gross-profit and tax effects, but operating cash stayed flat as borrowing increased.
Gross profit fell24.4% while operating income rose9.6% , indicating that costs below gross profit were reduced enough to offset weaker underlying margin economics. Net income then rose135.4% as income-tax expense fell76.6% , yet operating cash flow declined0.9% ; the earnings rebound was therefore not matched by additional cash generation.
Assets expanded
Operating cash flow was
Financial Health Signals
We do not publish a peer-relative financial health score for ArcelorMittal, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
ArcelorMittal scores 2.24, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from retained earnings of $49.9B against total assets of $97.7B. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
ArcelorMittal passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, ArcelorMittal generates $1.53 in operating cash flow ($4.8B OCF vs $3.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
ArcelorMittal earns $6.29 in operating income for every $1 of interest expense ($3.6B vs $577.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
ArcelorMittal generated $61.4B in revenue in fiscal year 2025. This represents a decrease of 1.7% from the prior year.
ArcelorMittal's EBITDA was $6.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.6% from the prior year.
ArcelorMittal reported $3.2B in net income in fiscal year 2025. This represents an increase of 135.4% from the prior year.
ArcelorMittal earned $4.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 143.2% from the prior year.
Cash & Balance Sheet
ArcelorMittal generated $471.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 5.4% from the prior year.
ArcelorMittal held $5.4B in cash against $10.7B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
ArcelorMittal's gross margin was 7.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.1 percentage points from the prior year.
ArcelorMittal's operating margin was 5.9% in fiscal year 2025, reflecting core business profitability. This is up 0.6 percentage points from the prior year.
ArcelorMittal's net profit margin was 5.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.0 percentage points from the prior year.
ArcelorMittal's ROE was 5.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.1 percentage points from the prior year.
Capital Allocation
ArcelorMittal invested $335.0M in research and development in fiscal year 2025. This represents an increase of 17.5% from the prior year.
ArcelorMittal spent $262.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 79.8% from the prior year.
ArcelorMittal invested $4.3B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 1.5% from the prior year.
AMSYF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.4B-1.7% | $62.4B-8.5% | $68.3B-14.5% | $79.8B+4.3% | $76.6B+43.7% | $53.3B-24.6% | $70.6B-7.1% | $76.0B+10.7% | $68.7B+20.9% | $56.8B-10.7% | $63.6B |
| Cost of Revenue | $57.0B+0.6% | $56.7B-10.8% | $63.5B-5.6% | $67.3B+17.4% | $57.3B+16.7% | $49.1B-28.7% | $68.9B+2.8% | $67.0B+10.1% | $60.9B+20.7% | $50.4B-22.7% | $65.2B |
| Gross Profit | $4.4B-24.4% | $5.8B+22.2% | $4.7B-62.2% | $12.5B-34.8% | $19.2B+365.5% | $4.1B+139.1% | $1.7B-80.8% | $9.0B+15.4% | $7.8B+22.6% | $6.4Bn/m | -$1.6B |
| R&D Expenses | $335.0M+17.5% | $285.0M-4.7% | $299.0M+4.5% | $286.0M+5.9% | $270.0M+10.2% | $245.0M-18.6% | $301.0M+3.8% | $290.0M+4.3% | $278.0M+16.3% | $239.0M+5.3% | $227.0M |
| Operating Income | $3.6B+9.6% | $3.3B+41.5% | $2.3B-77.2% | $10.3B-39.5% | $17.0B+704.5% | $2.1Bn/m | -$627.0M-109.6% | $6.5B+20.3% | $5.4B+30.6% | $4.2Bn/m | -$4.2B |
| EBITDA | $6.6B+10.6% | $5.9B+18.5% | $5.0B-61.0% | $12.9B-34.1% | $19.5B+284.6% | $5.1B+107.8% | $2.4B-73.9% | $9.3B+13.9% | $8.2B+19.2% | $6.9Bn/m | -$969.0M |
| Interest Expense | $577.0M+13.1% | $510.0M-28.7% | $715.0M+78.3% | $401.0M+12.3% | $357.0M-25.2% | $477.0M-31.4% | $695.0M+1.2% | $687.0M-21.8% | $879.0M-25.0% | $1.2B-15.3% | $1.4B |
| Income Tax | $359.0M-76.6% | $1.5B+545.0% | $238.0M-86.1% | $1.7B-30.2% | $2.5B+47.7% | $1.7B+263.0% | $459.0Mn/m | -$349.0M-180.8% | $432.0M-56.2% | $986.0M+9.3% | $902.0M |
| Net Income | $3.2B+135.4% | $1.3B+45.7% | $919.0M-90.1% | $9.3B-37.8% | $15.0Bn/m | -$733.0Mn/m | -$2.5B-147.7% | $5.1B+12.7% | $4.6B+156.8% | $1.8Bn/m | -$7.9B |
| EPS (Basic) | $4.13+142.9% | $1.70+56.0% | $1.09-89.3% | $10.21-24.5% | $13.53n/m | -$0.64n/m | -$2.42-147.7% | $5.07+13.2% | $4.48+139.6% | $1.87n/m | -$10.29 |
| EPS (Diluted) | $4.11+143.2% | $1.69+55.0% | $1.09-89.3% | $10.18-24.5% | $13.49n/m | -$0.64n/m | -$2.42-148.0% | $5.04+13.0% | $4.46+139.8% | $1.86n/m | -$10.29 |
| Diluted Shares (Avg) | 766M-3.2% | 791M-6.4% | 845M-7.5% | 914M-17.5% | 1.11B-2.8% | 1.14B+12.5% | 1.01B-0.8% | 1.02B-0.3% | 1.02B+7.2% | 955M+23.7% | 772M |
Not reported in any period shown, so not listed: SG&A Expenses.
AMSYF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $97.7B+9.3% | $89.4B-4.8% | $93.9B-0.7% | $94.5B+4.5% | $90.5B+10.3% | $82.1B-6.7% | $87.9B-3.7% | $91.2B+7.0% | $85.3B+13.5% | $75.1B | N/A |
| Current Assets | $30.6B+4.2% | $29.4B-11.6% | $33.2B-10.4% | $37.1B+6.2% | $34.9B+24.9% | $28.0B-2.2% | $28.6B-11.9% | $32.5B+21.4% | $26.7B+20.2% | $22.2B | N/A |
| Cash & Equivalents | $5.4B-15.8% | $6.4B-16.7% | $7.7B-17.4% | $9.3B+120.6% | $4.2B-24.7% | $5.6B+15.1% | $4.9B+124.1% | $2.2B-15.6% | $2.6B+2.9% | $2.5B-37.5% | $4.0B |
| Inventory | $18.6B+12.7% | $16.5B-12.0% | $18.8B-6.6% | $20.1B+1.2% | $19.9B+61.1% | $12.3B-28.7% | $17.3B-16.6% | $20.7B+15.3% | $18.0B+22.1% | $14.7B | N/A |
| Accounts Receivable | $3.5B+3.0% | $3.4B-7.8% | $3.7B-4.6% | $3.8B-25.4% | $5.1B+67.4% | $3.1B-13.9% | $3.6B-19.5% | $4.4B+14.7% | $3.9B+29.9% | $3.0B | N/A |
| Goodwill | $5.3B+17.9% | $4.5B-12.7% | $5.1B+4.1% | $4.9B+10.8% | $4.4B+2.6% | $4.3B-20.6% | $5.4B-5.2% | $5.7B-0.2% | $5.7B+1.5% | $5.7B | N/A |
| Total Liabilities | $41.2B+8.1% | $38.1B+0.7% | $37.8B-2.8% | $39.0B-0.5% | $39.2B-6.3% | $41.8B-11.8% | $47.4B+0.6% | $47.1B+6.1% | $44.4B+3.8% | $42.8B | N/A |
| Current Liabilities | $22.5B+3.2% | $21.8B+0.3% | $21.8B-2.8% | $22.4B-7.3% | $24.2B+6.6% | $22.7B+6.5% | $21.3B-9.2% | $23.5B+9.6% | $21.4B+18.2% | $18.1B | N/A |
| Non-Current Liabilities | $18.6B+14.6% | $16.3B+1.2% | $16.1B-2.9% | $16.6B+10.4% | $15.0B-21.7% | $19.1B-26.7% | $26.1B+10.4% | $23.7B+2.8% | $23.0B-6.8% | $24.7B | N/A |
| Long-Term Debt | $10.7B+21.1% | $8.8B+5.3% | $8.4B-7.7% | $9.1B+39.8% | $6.5B-33.9% | $9.8B-14.4% | $11.5B+71.1% | $6.7B-33.9% | $10.1B-14.0% | $11.8B | N/A |
| Total Equity | $54.5B+10.7% | $49.2B-8.8% | $54.0B+1.5% | $53.2B+8.2% | $49.1B+28.3% | $38.3B-0.6% | $38.5B-8.5% | $42.1B+8.5% | $38.8B+28.7% | $30.1B+9.3% | $27.6B |
| Retained Earnings | $49.9B+5.6% | $47.3B+2.1% | $46.3B+1.8% | $45.4B+23.8% | $36.7B+66.1% | $22.1B-3.4% | $22.9B-10.7% | $25.6B+24.1% | $20.6B+28.6% | $16.0B | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
AMSYF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.8B-0.9% | $4.9B-36.5% | $7.6B-25.1% | $10.2B+3.0% | $9.9B+142.7% | $4.1B-32.2% | $6.0B+43.4% | $4.2B-8.0% | $4.6B+68.5% | $2.7B+25.9% | $2.2B |
| Depreciation & Amortization | $2.9B+11.9% | $2.6B-1.6% | $2.7B+3.7% | $2.6B+2.3% | $2.5B-14.8% | $3.0B-3.5% | $3.1B+9.6% | $2.8B+1.1% | $2.8B+1.7% | $2.7B-14.8% | $3.2B |
| Capital Expenditures | $4.3B-1.5% | $4.4B-4.5% | $4.6B+33.0% | $3.5B+15.3% | $3.0B+23.3% | $2.4B-31.7% | $3.6B+8.1% | $3.3B+17.2% | $2.8B+15.3% | $2.4B-9.7% | $2.7B |
| Free Cash Flow | $471.0M+5.4% | $447.0M-85.3% | $3.0B-55.0% | $6.7B-2.3% | $6.9B+319.8% | $1.6B-32.8% | $2.4B+174.4% | $891.0M-48.9% | $1.7B+560.6% | $264.0Mn/m | -$556.0M |
| Investing Cash Flow | -$4.6Bn/m | -$5.0Bn/m | -$5.8Bn/m | -$4.5Bn/m | -$340.0Mn/m | -$2.0Bn/m | -$3.8Bn/m | -$3.8Bn/m | -$2.8Bn/m | -$1.1Bn/m | -$2.2B |
| Financing Cash Flow | -$1.8Bn/m | -$680.0Mn/m | -$3.7Bn/m | -$477.0Mn/m | -$10.9Bn/m | -$1.5B-391.4% | $514.0Mn/m | -$689.0Mn/m | -$1.7Bn/m | -$2.9B-840.8% | $395.0M |
| Dividends Paid | $542.0M-6.6% | $580.0M+9.2% | $531.0M-19.9% | $663.0M+15.9% | $572.0M+216.0% | $181.0M-45.5% | $332.0M+50.9% | $220.0M+56.0% | $141.0M+131.1% | $61.0M-85.3% | $416.0M |
| Share Buybacks | $262.0M-79.8% | $1.3B+7.6% | $1.2B-58.9% | $2.9B-43.2% | $5.2B+934.0% | $500.0M+455.6% | $90.0M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation.
AMSYF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.1%-2.1pp | 9.3%+2.3pp | 6.9%-8.8pp | 15.7%-9.4pp | 25.1%+17.4pp | 7.8%+5.3pp | 2.5%-9.4pp | 11.8%+0.5pp | 11.4%+0.2pp | 11.2%+13.7pp | -2.5% |
| Operating Margin | 5.9%+0.6pp | 5.3%+1.9pp | 3.4%-9.4pp | 12.9%-9.3pp | 22.2%+18.2pp | 4.0%+4.9pp | -0.9%-9.5pp | 8.6%+0.7pp | 7.9%+0.6pp | 7.3%+13.9pp | -6.5% |
| Net Margin | 5.1%+3.0pp | 2.1%+0.8pp | 1.4%-10.3pp | 11.7%-7.9pp | 19.5%+20.9pp | -1.4%+2.1pp | -3.5%-10.3pp | 6.8%+0.1pp | 6.7%+3.5pp | 3.1%+15.6pp | -12.5% |
| Return on Equity | 5.8%+3.1pp | 2.7%+1.0pp | 1.7%-15.8pp | 17.5%-13.0pp | 30.5%+32.4pp | -1.9%+4.5pp | -6.4%-18.6pp | 12.2%+0.5pp | 11.8%+5.9pp | 5.9%+34.7pp | -28.8% |
| Return on Assets | 3.2%+1.7pp | 1.5%+0.5pp | 1.0%-8.9pp | 9.8%-6.7pp | 16.5%+17.4pp | -0.9%+1.9pp | -2.8%-8.4pp | 5.6%+0.3pp | 5.4%+3.0pp | 2.4% | N/A |
| Current Ratio | 1.360.0x | 1.35-0.2x | 1.53-0.1x | 1.66+0.2x | 1.45+0.2x | 1.23-0.1x | 1.340.0x | 1.38+0.1x | 1.250.0x | 1.23 | N/A |
| Debt-to-Equity | 0.200.0x | 0.180.0x | 0.160.0x | 0.170.0x | 0.13-0.1x | 0.260.0x | 0.30+0.1x | 0.16-0.1x | 0.26-0.1x | 0.39 | N/A |
| Liabilities-to-Equity | 0.760.0x | 0.77+0.1x | 0.700.0x | 0.73-0.1x | 0.80-0.3x | 1.09-0.1x | 1.23+0.1x | 1.120.0x | 1.15-0.3x | 1.42 | N/A |
| Asset Turnover | 0.63-0.1x | 0.700.0x | 0.73-0.1x | 0.840.0x | 0.85+0.2x | 0.65-0.2x | 0.800.0x | 0.830.0x | 0.810.0x | 0.76 | N/A |
| FCF Margin | 0.8%+0.1pp | 0.7%-3.7pp | 4.4%-4.0pp | 8.4%-0.6pp | 9.0%+5.9pp | 3.1%-0.4pp | 3.5%+2.3pp | 1.2%-1.4pp | 2.5%+2.1pp | 0.5%+1.3pp | -0.9% |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| ArcelorMittal AMSYF | FY2025 | $61.4B | $3.2B | 5.1% | $46.6B | — |
| Teck Resources Ltd TCKRF | FY2025 | $7.8B | $1.0B | 13.0% | $31.6B | — |
| James Hardie Indus CDI JHIUF | FY2026 | $4.8B | $104.0M | 2.1% | $15.0B | — |
Where ArcelorMittal Ranks
Frequently Asked Questions
ArcelorMittal (AMSYF) reported $61.4B in total revenue for fiscal year 2025. This represents a -1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
ArcelorMittal (AMSYF) revenue declined by 1.7% year-over-year, from $62.4B to $61.4B in fiscal year 2025.
Yes, ArcelorMittal (AMSYF) reported a net income of $3.2B in fiscal year 2025, with a net profit margin of 5.1%.
ArcelorMittal (AMSYF) had EBITDA of $6.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, ArcelorMittal (AMSYF) had $5.4B in cash and equivalents against $10.7B in long-term debt.
ArcelorMittal (AMSYF) had a gross margin of 7.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
ArcelorMittal (AMSYF) had an operating margin of 5.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
ArcelorMittal (AMSYF) had a net profit margin of 5.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
ArcelorMittal (AMSYF) has a return on equity of 5.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
ArcelorMittal (AMSYF) generated $471.0M in free cash flow during fiscal year 2025. This represents a 5.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
ArcelorMittal (AMSYF) generated $4.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
ArcelorMittal (AMSYF) had $97.7B in total assets as of fiscal year 2025, including both current and long-term assets.
ArcelorMittal (AMSYF) invested $4.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
ArcelorMittal (AMSYF) invested $335.0M in research and development during fiscal year 2025.
ArcelorMittal (AMSYF) had a current ratio of 1.36 as of fiscal year 2025, which is considered adequate.
ArcelorMittal (AMSYF) had a debt-to-equity ratio of 0.20 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
ArcelorMittal (AMSYF) had a liabilities-to-equity ratio of 0.76 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
ArcelorMittal (AMSYF) had a return on assets of 3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
ArcelorMittal (AMSYF) trades at 14.8x earnings, its market capitalization divided by $3.2B net income, FY2025. The market capitalization is $46.6B as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
ArcelorMittal (AMSYF) trades at 0.8x sales, its market capitalization divided by $61.4B revenue, FY2025. The market capitalization is $46.6B as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
ArcelorMittal (AMSYF) has an Altman Z-Score of 2.24, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
ArcelorMittal (AMSYF) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
ArcelorMittal (AMSYF) has an earnings quality ratio of 1.53x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
ArcelorMittal (AMSYF) has an interest coverage ratio of 6.29x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.