Tuesday 13 October 2026
Export MT’s income statement to Excel — free account
ArcelorMittal
ArcelorMittal’s revenue for fiscal 2025 (year ended December 2025) was $61.4 billion, down 1.74% from fiscal 2024. In the quarter to June 2026, revenue grew 5.24%, EPS fell 61.7%, free cash flow fell 126.6% and total debt rose 5.02%, each against the same quarter a year earlier.
63.27
0.32
+0.51%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
11.03 | 14.02 | 27.40 | 2.68 | 2.36 | 0.00 | 0.00 | 4.07 | 7.59 | 15.02 |
Piotroski F-Score |
6 | 6 | 5 | 5 | 8 | 5 | 3 | 8 | 7 | 7 |
P/S ratio |
0.57 | 0.29 | 0.35 | 0.30 | 0.46 | 0.49 | 0.25 | 0.28 | 0.51 | 0.38 |
Altman Z-Score |
1.78 | 1.58 | 1.74 | 2.14 | 2.43 | 1.23 | 1.17 | 1.57 | 1.60 | 1.21 |
Altman Z″-Score (non-manufacturers) |
3.21 | 3.09 | 3.47 | 4.13 | 4.09 | 1.70 | 1.54 | 2.38 | 1.95 | 1.32 |
P/FCF ratio |
60.89 | 17.96 | 6.34 | 3.55 | 5.10 | 15.89 | 7.27 | 21.95 | 19.93 | 50.05 |
Beneish M-Score |
(2.41) | (2.89) | (2.19) | (2.40) | (1.91) | (3.22) | (1.10) | (2.30) | (2.16) | (3.00) |
P/Operating CF |
11.61 | 7.39 | 7.14 | 6.68 | 8.47 | 18.44 | 6.06 | 9.67 | 12.05 | 12.99 |
Dividend Safety Score |
45 | — | — | — | — | — | — | — | — | — |
P/B ratio |
0.62 | 0.36 | 0.42 | 0.44 | 0.69 | 0.65 | 0.44 | 0.48 | 0.85 | 0.66 |
Price to Tangible BV |
0.68 | 0.39 | 0.47 | 0.48 | 0.75 | 0.73 | 0.51 | 0.55 | 0.99 | 0.80 |
EV/Sales |
0.70 | 0.37 | 0.39 | 0.33 | 0.51 | 0.61 | 0.38 | 0.41 | 0.65 | 0.57 |
EV/EBITDA |
6.50 | 3.92 | 5.32 | 2.06 | 2.01 | 6.40 | 11.11 | 3.33 | 5.47 | 4.73 |
EV/Operating CF |
8.88 | 4.80 | 3.49 | 2.60 | 3.96 | 7.95 | 4.51 | 7.41 | 9.84 | 12.01 |
EV/FCF |
74.79 | 22.96 | 7.11 | 3.88 | 5.69 | 19.76 | 11.09 | 32.54 | 25.75 | 75.83 |
Quick Ratio |
0.40 | 0.45 | 0.53 | 0.59 | 0.39 | 0.40 | 0.40 | 0.29 | 0.31 | 0.31 |
Current Ratio |
1.36 | 1.35 | 1.53 | 1.66 | 1.45 | 1.23 | 1.34 | 1.38 | 1.25 | 1.23 |
Net Debt/EBITDA |
1.21 | 0.85 | 0.58 | 0.17 | 0.21 | 1.25 | 3.83 | 1.08 | 1.24 | 1.61 |
Debt/Assets |
13.73% | 12.94% | 11.37% | 12.32% | 9.28% | 15.02% | 16.31% | 13.68% | 15.16% | 18.20% |
Debt/Equity |
0.24 | 0.23 | 0.19 | 0.21 | 0.16 | 0.31 | 0.35 | 0.28 | 0.32 | 0.42 |
Asset Turnover |
0.66 | 0.68 | 0.72 | 0.86 | 0.89 | 0.63 | 0.79 | 0.86 | 0.86 | 0.75 |
Operating CF/Net income |
1.53 | 3.62 | 8.32 | 1.10 | 0.66 | (5.57) | (2.45) | 0.81 | 1.00 | 1.52 |
Capex/Depreciation |
(1.44) | (1.46) | (1.46) | (1.31) | (1.19) | (0.82) | (1.16) | (1.16) | (1.02) | (0.84) |
Interest Coverage |
5.12 | 2.82 | 2.72 | 30.75 | 14.70 | 1.68 | (0.38) | 2.96 | 6.21 | 2.02 |
| 5.85% | 2.49% | 1.65% | 17.40% | 32.66% | (1.82%) | (5.80%) | 12.12% | 12.48% | 5.94% | |
| 3.37% | 1.46% | 0.98% | 10.05% | 17.33% | (0.86%) | (2.74%) | 5.83% | 5.69% | 2.34% | |
ROIC |
3.52% | 3.67% | 2.48% | 11.10% | 19.16% | 2.83% | (0.79%) | 7.54% | 6.66% | 5.99% |
Return on Tangible Assets |
6.42% | 3.28% | 2.04% | 20.72% | 36.61% | (2.04%) | (5.63%) | 11.53% | 10.80% | 4.57% |
Average Days of Receivables |
20.68 | 19.73 | 19.57 | 17.55 | 24.52 | 21.05 | 18.45 | 21.28 | 20.53 | 19.11 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
4.25% | 3.97% | 3.51% | 2.83% | 2.95% | 3.80% | 3.33% | 3.25% | 3.45% | 3.88% |
Intangible Assets out of Total Assets |
0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 | 0.08 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.30) | (0.48) | (0.19) | (0.08) | (0.12) | (0.53) | (1.06) | (0.70) | (0.51) | (0.96) |
Graham Number |
82.98 | 49.16 | 39.28 | 116.82 | 118.85 | 0.00 | 0.00 | 70.48 | 63.61 | 33.84 |
Earnings Yield |
9.06% | 7.13% | 3.65% | 37.33% | 42.44% | (3.54%) | (13.80%) | 24.58% | 13.18% | 6.66% |
Free Cash Flow Yield |
1.64% | 5.57% | 15.78% | 28.15% | 19.60% | 6.29% | 13.76% | 4.56% | 5.02% | 2.00% |
Revenue per Share |
80.41 | 79.24 | 81.09 | 87.64 | 69.30 | 46.73 | 69.71 | 74.91 | 67.33 | 59.59 |
Operating CF per Share |
6.30 | 6.16 | 9.08 | 11.20 | 8.96 | 3.58 | 5.94 | 4.13 | 4.47 | 2.84 |
Capex per Share |
(5.55) | (4.87) | (4.63) | (3.70) | (2.73) | (2.14) | (3.53) | (3.19) | (2.76) | (2.39) |
Free Cash Flow per Share |
0.75 | 1.29 | 4.45 | 7.50 | 6.24 | 1.44 | 2.41 | 0.94 | 1.71 | 0.45 |
Cash per Share |
7.18 | 8.23 | 9.24 | 10.33 | 3.96 | 5.23 | 4.93 | 2.32 | 2.73 | 2.74 |
Shareholders Equity per Share |
74.10 | 65.08 | 66.59 | 61.02 | 46.47 | 35.30 | 39.96 | 43.46 | 40.05 | 33.92 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
74.10 | 65.08 | 66.59 | 61.02 | 46.47 | 35.30 | 39.96 | 43.46 | 40.05 | 33.92 |
Free Cash Flow |
571.00 | 1,015.00 | 3,750.00 | 6,830.00 | 6,893.00 | 1,643.00 | 2,445.00 | 956.00 | 1,744.00 | 429.00 |
Working Capital |
8,085.00 | 7,557.00 | 11,471.00 | 14,720.00 | 10,772.00 | 5,306.00 | 7,329.00 | 9,020.00 | 5,335.00 | 4,132.00 |
Capital Expenditures |
(4,237.00) | (3,837.00) | (3,895.00) | (3,373.00) | (3,012.00) | (2,439.00) | (3,572.00) | (3,240.00) | (2,819.00) | (2,279.00) |
Net Current Asset Value |
(10,562.00) | (8,717.00) | (4,609.00) | (1,839.00) | (4,229.00) | (13,842.00) | (18,809.00) | (14,666.00) | (17,697.00) | (20,570.00) |
EV/EBIT |
11.77 | 7.04 | 11.39 | 2.58 | 2.31 | 15.39 | 0.00 | 4.76 | 8.26 | 7.82 |
Capex to Sales |
0.07 | 0.06 | 0.06 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 |
Price to Operating Income |
9.58 | 5.51 | 10.15 | 2.36 | 2.07 | 12.37 | 0.00 | 3.21 | 6.40 | 5.16 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.07 | 0.08 | 0.08 | 0.09 | 0.08 | 0.10 | 0.08 | 0.08 | 0.07 | 0.08 |
Cash ROIC |
0.76% | 1.46% | 5.03% | 8.91% | 10.75% | 2.81% | 4.09% | 1.62% | 3.08% | 0.88% |
Accounts Receivable Turnover |
17.91 | 17.75 | 18.21 | 17.78 | 18.64 | 16.04 | 17.65 | 18.33 | 20.09 | 20.09 |
Accounts Payable Turnover |
4.39 | 4.27 | 4.68 | 4.70 | 4.31 | 4.07 | 5.18 | 4.89 | 4.86 | 4.57 |
Inventory Turnover |
3.25 | 3.21 | 3.27 | 3.37 | 3.56 | 3.32 | 3.62 | 3.46 | 3.72 | 3.58 |
Average Days of Payables |
83.33 | 83.25 | 78.16 | 73.38 | 96.08 | 85.61 | 66.84 | 76.14 | 80.51 | 84.20 |
Days of Inventory on Hand |
119.09 | 106.31 | 107.76 | 108.93 | 126.41 | 91.57 | 91.64 | 112.97 | 107.84 | 106.65 |
Average Receivables |
3,425.50 | 3,518.00 | 3,750.00 | 4,491.00 | 4,107.50 | 3,320.50 | 4,000.50 | 4,147.50 | 3,418.50 | 2,826.50 |
Average Payables |
12,964.50 | 13,263.00 | 13,568.50 | 14,312.50 | 13,309.00 | 12,069.50 | 13,297.50 | 13,704.50 | 12,530.50 | 11,024.50 |
Average Inventory |
17,545.00 | 17,630.00 | 19,423.00 | 19,972.50 | 16,093.00 | 14,812.00 | 19,020.00 | 19,365.00 | 16,360.00 | 14,079.00 |
Average Assets |
93,544.00 | 91,651.00 | 94,232.00 | 92,529.50 | 86,282.00 | 84,980.00 | 89,578.50 | 88,273.00 | 80,219.50 | 75,994.00 |
Average Common Equity |
53,911.00 | 53,677.00 | 55,829.00 | 53,467.00 | 45,790.50 | 40,360.00 | 42,295.50 | 42,481.50 | 36,590.00 | 29,947.50 |
Columns are period end dates