ARCELORMITTAL (AMSYF) Financials

AMSYF

FY2025 annual

Revenue $61.4B -1.7% YoY

Net Income $3.2B +135.0% YoY

EPS (Diluted) Not reported for FY2025

Operating Cash Flow $4.8B -0.9% YoY

Market Cap $50.0B as of Sep 14, 2026

Price / Sales 0.8x on $61.4B revenue, FY2025

Price / Earnings 15.4x on $3.2B net income, FY2025

Price / Book 0.9x on $56.5B equity, Q4 FY2025

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 Sep 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 6, 2026 Currency USD FYE December

Newest figures come from the 10-K 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 (10-K and 10-Q reports).

Rhea AI AMSYF FY2025 2026-09-05

ArcelorMittal’s earnings-led recovery is occurring alongside weaker cash generation and a more capital-demanding operating model.

Operating cash flow slipped from $4.9B to $4.8B in FY2025 even as net income more than doubled from FY2024; the recovery therefore improved reported profitability without improving cash generation. That divergence makes earnings quality more dependent on the composition and timing of working-capital movements than the income statement alone suggests.

The FY2025 asset base was about 1.6x revenue, while the current ratio was 1.4x; this is an asset-heavy balance sheet where working capital and financing conditions materially affect results, not just sales volume. The structure is not highly debt-funded by the reported debt-to-equity ratio, but it requires substantial assets to support each revenue dollar.

Investing cash outflow of $4.6B nearly matched operating cash flow of $4.8B in FY2025, leaving little internally generated cash after investing before financing. Long-term debt rose from $11.6B in FY2024 to $13.4B in FY2025 while buybacks fell to $262M, marking a shift in observed capital allocation toward balance-sheet funding and away from repurchases.

Financial Health Signals

Financial health score not available

ARCELORMITTAL does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

6/8

ARCELORMITTAL passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.48x

For every $1 of reported earnings, ARCELORMITTAL generates $1.48 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.

Key Financial Metrics

Export CSV

Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$5.4B

YoY-15.8%

QoQ+0.6%

ARCELORMITTAL held $5.4B in cash against $13.4B in long-term debt as of Q4 2025.

Shares Outstanding

761M

YoY-1.0%

ARCELORMITTAL had 761M shares outstanding in Q4 2025. This represents a decrease of 1.0% from the same quarter a year earlier.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

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.

AMSYF quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
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
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%	$459.0M+231.5%	-$349.0M-180.8%	$432.0M-56.2%	$986.0M+9.3%	$902.0M
Net Income	$3.2B+135.0%	$1.4B+35.0%	$1.0B-89.3%	$9.5B-38.7%	$15.6B+2792.9%	-$578.0M+75.8%	-$2.4B-144.9%	$5.3B+16.5%	$4.6B+163.8%	$1.7B+120.6%	-$8.4B
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

Metric	Q4'2510-K	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

AMSYF Balance Sheet

AMSYF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
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	$13.4B+16.0%	$11.6B+8.3%	$10.7B-8.3%	$11.7B+38.7%	$8.4B-31.8%	$12.3B-14.1%	$14.3B+45.3%	$9.9B-23.6%	$12.9B	N/A	N/A
Total Equity	$56.5B+10.2%	$51.3B-8.5%	$56.1B+0.9%	$55.6B+8.3%	$51.3B+27.6%	$40.2B-0.6%	$40.5B-8.2%	$44.1B+8.0%	$40.9B+26.4%	$32.3B+17.2%	$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

Metric	Q4'2510-K	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Total Assets	$97.7B+9.3%	$98.9B+8.8%	$89.4B-4.8%	$90.8B-4.8%	$93.9B-0.7%	$95.4B-1.7%	$94.5B+4.5%	$97.0B+13.6%
Current Assets	$30.6B+4.2%	$33.0B+6.3%	$29.4B-11.6%	$31.0B-9.8%	$33.2B-10.4%	$34.4B-16.1%	$37.1B+6.2%	$41.0B+39.4%
Cash & Equivalents	$5.4B-15.8%	$5.4B-8.2%	$6.4B-16.7%	$5.8B+0.2%	$7.7B-17.4%	$5.8B+30.7%	$9.3B+120.6%	$4.5B+9.5%
Inventory	$18.6B+12.7%	$19.1B+8.1%	$16.5B-12.0%	$17.7B-11.7%	$18.8B-6.6%	$20.0B-14.0%	$20.1B+1.2%	$23.3B+43.1%
Accounts Receivable	$3.5B+3.0%	$4.6B+10.6%	$3.4B-7.8%	$4.2B-12.3%	$3.7B-4.6%	$4.8B-19.5%	$3.8B-25.4%	$5.9B+6.2%
Goodwill	$5.3B+17.9%	$5.3B+8.0%	$4.5B-12.7%	$4.9B-2.5%	$5.1B+4.1%	$5.1B+17.8%	$4.9B+10.8%	$4.3B-5.5%
Total Liabilities	$41.2B+8.1%	$42.4B+16.0%	$38.1B+0.7%	$36.5B-2.6%	$37.8B-2.8%	$37.5B-7.6%	$39.0B-0.5%	$40.6B+3.8%
Current Liabilities	$22.5B+3.2%	$23.6B+16.2%	$21.8B+0.3%	$20.3B-3.6%	$21.8B-2.8%	$21.1B-18.9%	$22.4B-7.3%	$26.0B+13.3%
Non-Current Liabilities	$18.6B+14.6%	$18.8B+15.8%	$16.3B+1.2%	$16.2B-1.3%	$16.1B-2.9%	$16.5B+12.7%	$16.6B+10.4%	$14.6B-9.7%
Long-Term Debt	$13.4B+16.0%	N/A	$11.6B+8.3%	N/A	$10.7B-8.3%	N/A	$11.7B+38.7%	N/A
Total Equity	$56.5B+10.2%	$56.5B+4.0%	$51.3B-8.5%	$54.3B-6.2%	$56.1B+0.9%	$57.9B+2.6%	$55.6B+8.3%	$56.4B+21.8%
Retained Earnings	$49.9B+5.6%	N/A	$47.3B+2.1%	N/A	$46.3B+1.8%	N/A	$45.4B+23.8%	N/A

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

AMSYF Cash Flow Statement

AMSYF quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
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
Investing Cash Flow	-$4.6B+8.7%	-$5.0B+14.7%	-$5.8B-30.4%	-$4.5B-1218.5%	-$340.0M+83.1%	-$2.0B+47.4%	-$3.8B-1.7%	-$3.8B-32.8%	-$2.8B-147.6%	-$1.1B+47.3%	-$2.2B
Financing Cash Flow	-$1.8B-159.7%	-$680.0M+81.5%	-$3.7B-668.6%	-$477.0M+95.6%	-$10.9B-627.5%	-$1.5B-391.4%	$514.0M+174.6%	-$689.0M+60.2%	-$1.7B+40.8%	-$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

Metric	Q4'2510-K	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

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.

AMSYF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Net Margin	5.3%+3.1pp	2.2%+0.7pp	1.5%-10.4pp	11.9%-8.4pp	20.3%+21.4pp	-1.1%+2.3pp	-3.4%-10.4pp	7.0%+0.3pp	6.7%+3.6pp	3.0%+16.3pp	-13.3%
Return on Equity	5.7%+3.0pp	2.7%+0.9pp	1.8%-15.3pp	17.2%-13.2pp	30.3%+31.8pp	-1.4%+4.5pp	-5.9%-18.0pp	12.1%+0.9pp	11.2%+5.8pp	5.4%+35.9pp	-30.6%
Return on Assets	3.3%+1.8pp	1.5%+0.5pp	1.1%-9.0pp	10.1%-7.1pp	17.2%+17.9pp	-0.7%+2.0pp	-2.7%-8.6pp	5.8%+0.5pp	5.4%+3.1pp	2.3%	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	0.240.0x	0.230.0x	0.190.0x	0.210.0x	0.16-0.1x	0.310.0x	0.35+0.1x	0.22-0.1x	0.32-1.0x	1.32	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

Metric	Q4'2510-K	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Current Ratio	1.360.0x	1.40-0.1x	1.35-0.2x	1.53-0.1x	1.53-0.1x	1.63+0.1x	1.66+0.2x	1.58+0.3x
Debt-to-Equity	0.240.0x	0.75+0.1x	0.230.0x	0.670.0x	0.190.0x	0.65-0.1x	0.210.0x	0.72-0.1x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Where ARCELORMITTAL Ranks

Frequently Asked Questions

What is ARCELORMITTAL's annual revenue?

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.

How fast is ARCELORMITTAL's revenue growing?

ARCELORMITTAL (AMSYF) revenue declined by 1.7% year-over-year, from $62.4B to $61.4B in fiscal year 2025.

Is ARCELORMITTAL profitable?

Yes, ARCELORMITTAL (AMSYF) reported a net income of $3.2B in fiscal year 2025, with a net profit margin of 5.3%.

How much debt does ARCELORMITTAL have?

As of fiscal year 2025, ARCELORMITTAL (AMSYF) had $5.4B in cash and equivalents against $13.4B in long-term debt.

What is ARCELORMITTAL's net profit margin?

ARCELORMITTAL (AMSYF) had a net profit margin of 5.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is ARCELORMITTAL's return on equity (ROE)?

ARCELORMITTAL (AMSYF) has a return on equity of 5.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is ARCELORMITTAL's operating cash flow?

ARCELORMITTAL (AMSYF) generated $4.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are ARCELORMITTAL's total assets?

ARCELORMITTAL (AMSYF) had $97.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Does ARCELORMITTAL buy back shares?

Yes, ARCELORMITTAL (AMSYF) spent $262.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does ARCELORMITTAL have outstanding?

ARCELORMITTAL (AMSYF) had 761M shares outstanding as of fiscal year 2025.

What is ARCELORMITTAL's current ratio?

ARCELORMITTAL (AMSYF) had a current ratio of 1.36 as of fiscal year 2025, which is considered adequate.

What is ARCELORMITTAL's debt-to-equity ratio?

ARCELORMITTAL (AMSYF) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ARCELORMITTAL's return on assets (ROA)?

ARCELORMITTAL (AMSYF) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is ARCELORMITTAL's P/E ratio?

ARCELORMITTAL (AMSYF) trades at 15.4x earnings, its market capitalization divided by net income of $3.2B net income, FY2025. The market capitalization is $50.0B as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is ARCELORMITTAL's price-to-sales ratio?

ARCELORMITTAL (AMSYF) trades at 0.8x sales, its market capitalization divided by revenue of $61.4B revenue, FY2025. The market capitalization is $50.0B as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is ARCELORMITTAL's Piotroski F-Score?

ARCELORMITTAL (AMSYF) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.

Are ARCELORMITTAL's earnings high quality?

ARCELORMITTAL (AMSYF) has an earnings quality ratio of 1.48x, 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.