ArcelorMitta Financials

AMSYF

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows ArcelorMitta (AMSYF) financial statements, including the 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 2026-04-22

Profit swings harder than sales, while heavy reinvestment and a contained balance sheet determine how much cash remains.

FY2025's earnings rebound looked stronger in accounting profit than in cash: net margin rose to 5.3% from 2.2%. Yet operating cash flow was only $4.8B and investing outflows were $4.6B, so most internally generated cash was absorbed by reinvestment rather than building surplus liquidity.

From FY2023 through FY2025, small top-line changes produced much larger profit swings. Revenue ended FY2025 at $61.4B while net income recovered to $3.2B, which points to a cost structure whose margins move faster than sales.

Even after weaker years, leverage stayed contained: debt-to-equity remained below 0.3x and the current ratio stayed near 1.4x. The constraint is working-capital intensity; inventory was $18.6B versus cash of $5.4B, so liquidity depends on assets turning through operations, not on a huge cash pile.

Financial Health Signals

Financial Profile 27/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of ArcelorMitta's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

ArcelorMitta's revenue declined 1.7% year-over-year, from $62.4B to $61.4B. This contraction results in a growth score of 25/100.

Leverage

ArcelorMitta carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

ArcelorMitta's current ratio of 1.36 is below the typical benchmark, resulting in a score of 23/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

ArcelorMitta generates a 5.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is up from 2.7% the prior year.

Piotroski F-Score Neutral

6/9

ArcelorMitta 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.

Earnings Quality Cash-Backed

1.48x

For every $1 of reported earnings, ArcelorMitta 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

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Earnings & Revenue

Revenue

$61.4B

YoY-1.7%

5Y CAGR+2.9%

10Y CAGR-0.4%

ArcelorMitta generated $61.4B in revenue in fiscal year 2025. This represents a decrease of 1.7% from the prior year.

EBITDA

N/A

Net Income

$3.2B

YoY+135.0%

ArcelorMitta reported $3.2B in net income in fiscal year 2025. This represents an increase of 135.0% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$5.4B

YoY-15.8%

5Y CAGR-0.8%

10Y CAGR+3.0%

ArcelorMitta held $5.4B in cash against $13.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

761M

YoY-1.0%

5Y CAGR-6.8%

ArcelorMitta had 761M shares outstanding in fiscal year 2025. This represents a decrease of 1.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

5.3%

YoY+3.1pp

5Y CAGR+6.4pp

10Y CAGR+18.5pp

ArcelorMitta's net profit margin was 5.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.1 percentage points from the prior year.

Return on Equity

5.7%

YoY+3.0pp

5Y CAGR+7.2pp

10Y CAGR+36.3pp

ArcelorMitta's ROE was 5.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$262.0M

YoY-79.8%

5Y CAGR-12.1%

ArcelorMitta 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.

Capital Expenditures

N/A

AMSYF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$61.4B-1.7%	$62.4B-8.5%	$68.3B-14.5%	$79.8B+4.3%	$76.6B+43.7%	$53.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$60.0M+9.1%	$55.0M0.0%	$55.0M+61.8%	$34.0M+3.0%	$33.0M-50.0%	$66.0M
Income Tax	$359.0M-76.6%	$1.5B+545.0%	$238.0M-86.1%	$1.7B-30.2%	$2.5B+47.7%	$1.7B
Net Income	$3.2B+135.0%	$1.4B+35.0%	$1.0B-89.3%	$9.5B-38.7%	$15.6B+2792.9%	-$578.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AMSYF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$97.7B+9.3%	$89.4B-4.8%	$93.9B-0.7%	$94.5B+4.5%	$90.5B+10.3%	$82.1B
Current Assets	$30.6B+4.2%	$29.4B-11.6%	$33.2B-10.4%	$37.1B+6.2%	$34.9B+24.9%	$28.0B
Cash & Equivalents	$5.4B-15.8%	$6.4B-16.7%	$7.7B-17.4%	$9.3B+120.6%	$4.2B-24.7%	$5.6B
Inventory	$18.6B+12.7%	$16.5B-12.0%	$18.8B-6.6%	$20.1B+1.2%	$19.9B+61.1%	$12.3B
Accounts Receivable	$3.5B+3.0%	$3.4B-7.8%	$3.7B-4.6%	$3.8B-25.4%	$5.1B+67.4%	$3.1B
Goodwill	$5.3B+17.9%	$4.5B-12.7%	$5.1B+4.1%	$4.9B+10.8%	$4.4B+2.6%	$4.3B
Total Liabilities	$41.2B+8.1%	$38.1B+0.7%	$37.8B-2.8%	$39.0B-0.5%	$39.2B-6.3%	$41.8B
Current Liabilities	$22.5B+3.2%	$21.8B+0.3%	$21.8B-2.8%	$22.4B-7.3%	$24.2B+6.6%	$22.7B
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
Total Equity	$56.5B+10.2%	$51.3B-8.5%	$56.1B+0.9%	$55.6B+8.3%	$51.3B+27.6%	$40.2B
Retained Earnings	$49.9B+5.6%	$47.3B+2.1%	$46.3B+1.8%	$45.4B+23.8%	$36.7B+66.1%	$22.1B

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$97.7B-1.2%	$98.9B+10.6%	$89.4B-1.6%	$90.8B-3.3%	$93.9B-1.6%	$95.4B+0.9%	$94.5B-2.6%	$97.0B
Current Assets	$30.6B-7.2%	$33.0B+12.2%	$29.4B-5.2%	$31.0B-6.7%	$33.2B-3.3%	$34.4B-7.4%	$37.1B-9.4%	$41.0B
Cash & Equivalents	$5.4B+0.6%	$5.4B-16.3%	$6.4B+9.6%	$5.8B-24.0%	$7.7B+31.9%	$5.8B-37.4%	$9.3B+108.7%	$4.5B
Inventory	$18.6B-2.8%	$19.1B+15.9%	$16.5B-6.7%	$17.7B-5.7%	$18.8B-6.4%	$20.0B-0.3%	$20.1B-13.8%	$23.3B
Accounts Receivable	$3.5B-24.9%	$4.6B+37.1%	$3.4B-19.4%	$4.2B+14.3%	$3.7B-23.3%	$4.8B+24.4%	$3.8B-35.3%	$5.9B
Goodwill	$5.3B-1.7%	$5.3B+20.0%	$4.5B-10.0%	$4.9B-3.0%	$5.1B+0.6%	$5.1B+3.5%	$4.9B+13.8%	$4.3B
Total Liabilities	$41.2B-2.9%	$42.4B+11.3%	$38.1B+4.2%	$36.5B-3.4%	$37.8B+0.9%	$37.5B-3.7%	$39.0B-4.0%	$40.6B
Current Liabilities	$22.5B-4.6%	$23.6B+8.1%	$21.8B+7.5%	$20.3B-6.7%	$21.8B+3.4%	$21.1B-6.0%	$22.4B-13.8%	$26.0B
Long-Term Debt	$13.4B	N/A	$11.6B	N/A	$10.7B	N/A	$11.7B	N/A
Total Equity	$56.5B+0.1%	$56.5B+10.1%	$51.3B-5.5%	$54.3B-3.2%	$56.1B-3.2%	$57.9B+4.2%	$55.6B-1.5%	$56.4B
Retained Earnings	$49.9B	N/A	$47.3B	N/A	$46.3B	N/A	$45.4B	N/A

AMSYF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
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
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
Dividends Paid	$542.0M-6.6%	$580.0M+9.2%	$531.0M-19.9%	$663.0M+15.9%	$572.0M+216.0%	$181.0M
Share Buybacks	$262.0M-79.8%	$1.3B+7.6%	$1.2B-58.9%	$2.9B-43.2%	$5.2B+934.0%	$500.0M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AMSYF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	5.3%+3.1pp	2.2%+0.7pp	1.5%-10.4pp	11.9%-8.4pp	20.3%+21.4pp	-1.1%
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%
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%
Current Ratio	1.36+0.0	1.35-0.2	1.53-0.1	1.66+0.2	1.45+0.2	1.23
Debt-to-Equity	0.24+0.0	0.23+0.0	0.19-0.0	0.21+0.0	0.16-0.1	0.31
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.36-0.0	1.40+0.1	1.35-0.2	1.530.0	1.53-0.1	1.63-0.0	1.66+0.1	1.58
Debt-to-Equity	0.24-0.5	0.75+0.5	0.23-0.4	0.67+0.5	0.19-0.5	0.65+0.4	0.21-0.5	0.72
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is ArcelorMitta's annual revenue?

ArcelorMitta (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 ArcelorMitta's revenue growing?

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

Is ArcelorMitta profitable?

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

How much debt does ArcelorMitta have?

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

What is ArcelorMitta's net profit margin?

ArcelorMitta (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 ArcelorMitta's return on equity (ROE)?

ArcelorMitta (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 ArcelorMitta's operating cash flow?

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

What are ArcelorMitta's total assets?

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

Does ArcelorMitta buy back shares?

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

How many shares does ArcelorMitta have outstanding?

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

What is ArcelorMitta's current ratio?

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

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

ArcelorMitta (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 ArcelorMitta's return on assets (ROA)?

ArcelorMitta (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 ArcelorMitta's Piotroski F-Score?

ArcelorMitta (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.

Are ArcelorMitta's earnings high quality?

ArcelorMitta (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.

How financially healthy is ArcelorMitta?

ArcelorMitta (AMSYF) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.