ArcelorMittal S.A. (MT) quarterly balance sheet — complete assets, liabilities & equity history
ArcelorMittal S.A. (MT) balance sheet — 29-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 31.99B | 30.5B | 30.61B | 32.53B | 32.97B | 29.67B | 29.38B | 31.06B | 31.01B | 31.67B | 33.24B | 33.13B | 34.39B | 35.75B | 37.12B | 36.42B | 40.99B | 40.58B | 34.94B | 33.18B |
| Cash & Short-Term Investments | 4.9B | 4.36B | 5.48B | 5.73B | 5.36B | 5.32B | 6.4B | 5.09B | 5.84B | 5.44B | 7.69B | 6.29B | 5.83B | 6.29B | 9.3B | 5.07B | 4.46B | 5.57B | 4.21B | 4.38B |
| Cash Only | 4.9B | 4.36B | 5.48B | 5.73B | 5.36B | 5.32B | 6.4B | 5.09B | 5.9B | 5.44B | 7.69B | 6.29B | 5.83B | 6.29B | 9.3B | 5.07B | 4.46B | 5.57B | 4.21B | 4.38B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -65M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.51B | 4.13B | 3.48B | 4.5B | 4.63B | 4.11B | 5.66B | 4.24B | 4.19B | 4.4B | 5.2B | 4.48B | 4.77B | 4.99B | 6.21B | 4.68B | 5.93B | 6.35B | 7.08B | 5.57B |
| Days Sales Outstanding | 23.45 | 22.14 | 24.52 | 26.83 | 24.96 | 29.69 | 30.93 | 25.5 | 24.05 | 26.82 | 30.58 | 25.62 | 23.87 | 27.25 | 29.66 | 25.72 | 25.24 | 27.69 | 27.98 | 25.37 |
| Inventory | 19.28B | 18.7B | 18.59B | 18.92B | 19.13B | 16.88B | 16.5B | 18.47B | 17.69B | 18.37B | 18.76B | 18.85B | 20.04B | 19.82B | 20.09B | 20.57B | 23.3B | 22.17B | 19.86B | 18.81B |
| Days Inventory Outstanding | 110.05 | - | 127.03 | 122.57 | - | 112.79 | 121.39 | 120.75 | - | 115.97 | 28.1 | 2.7K | 2.67K | 107.67 | 28.61 | 3.21K | 3.09K | 2.92K | 111.72 | 2.74K |
| Other Current Assets | 140M | 105M | 37M | 166M | 3.86B | 3.36B | 825M | 3.25B | 65M | 0 | 941M | 0 | 118M | 0 | 785M | 0 | 108M | 0 | 3.22B | 0 |
| Total Non-Current Assets | 67.16B | 67.78B | 67.1B | 66.23B | 65.91B | 61.79B | 60B | 62.11B | 59.84B | 60.27B | 60.68B | 60.61B | 61.03B | 59.51B | 57.43B | 54.79B | 56.04B | 56.92B | 55.57B | 54.91B |
| Property, Plant & Equipment | 41.4B | 41.24B | 41.04B | 40.3B | 39.62B | 34.7B | 33.31B | 34.53B | 33.14B | 33.48B | 33.66B | 33.49B | 33.68B | 32.9B | 30.17B | 28.52B | 29.54B | 30.16B | 30.07B | 29.6B |
| Fixed Asset Turnover | 0.41x | 0.38x | 0.37x | 0.39x | 0.43x | 0.44x | 0.43x | 0.45x | 0.49x | 0.49x | 0.43x | 0.49x | 0.56x | 0.59x | 0.58x | 0.65x | 0.74x | 0.73x | 0.70x | 0.68x |
| Goodwill | 0 | 5.49B | 0 | 0 | 0 | 0 | 3.6B | 0 | 0 | 0 | 3.91B | 0 | 0 | 0 | 3.77B | 0 | 0 | 0 | 3.93B | 0 |
| Intangible Assets | 5.46B | 0 | 5.25B | 5.13B | 5.34B | 4.6B | 848M | 4.76B | 4.95B | 5.02B | 1.19B | 4.88B | 5.07B | 5.02B | 1.14B | 4.04B | 4.31B | 4.56B | 494M | 4.31B |
| Long-Term Investments | 9.94B | 10.49B | 10.39B | 10.34B | 11.01B | 11.71B | 11.72B | 11.3B | 10.45B | 10.14B | 10.59B | 11.17B | 11.66B | 10.9B | 11.88B | 11.4B | 11.86B | 11.82B | 11.46B | 12.27B |
| Other Non-Current Assets | 1.8B | 1.85B | 10.41B | 10.47B | 1.35B | 1.87B | 1.58B | 1.98B | 11.3B | 11.64B | 1.86B | 11.06B | 10.62B | 10.68B | 1.92B | 10.84B | 10.33B | 10.37B | 1.46B | 8.73B |
| Total Assets | 99.15B | 98.27B | 97.7B | 98.77B | 98.88B | 91.45B | 89.39B | 93.17B | 90.85B | 91.95B | 93.92B | 93.74B | 95.42B | 95.26B | 94.55B | 91.22B | 97.03B | 97.5B | 90.51B | 88.09B |
| Asset Turnover | 0.17x | 0.16x | 0.15x | 0.16x | 0.17x | 0.16x | 0.16x | 0.17x | 0.18x | 0.18x | 0.16x | 0.18x | 0.20x | 0.19x | 0.18x | 0.20x | 0.23x | 0.23x | 0.23x | 0.23x |
| Asset Growth % | 0.28% | 7.46% | 9.31% | 6.01% | 8.84% | -0.54% | -4.83% | -0.61% | -4.8% | -3.48% | -0.67% | 2.77% | -1.65% | -2.3% | 4.46% | 3.55% | 13.58% | 16.56% | 10.31% | 6.74% |
| Total Current Liabilities | 22.39B | 22.01B | 22.52B | 23.48B | 23.6B | 22B | 21.82B | 21.28B | 20.31B | 20.44B | 21.77B | 20.45B | 21.05B | 22.83B | 22.4B | 22.52B | 25.97B | 26.1B | 24.17B | 23.43B |
| Accounts Payable | 12.93B | 12.29B | 13.01B | 12.11B | 12.46B | 11.88B | 12.63B | 13.16B | 12.49B | 12.67B | 13.61B | 12.31B | 13.45B | 13.31B | 13.17B | 13.38B | 16.74B | 16.2B | 14.66B | 14.11B |
| Days Payables Outstanding | 73.07 | - | 85.05 | 79.13 | - | 82.84 | 89.52 | 85.67 | - | 82.08 | 19.37 | 1.79K | 1.79K | 71.44 | 18.68 | 2.21K | 2.24K | 2.15K | 83.13 | 2.2K |
| Short-Term Debt | 2.69B | 2.74B | 2.74B | 4.38B | 2.99B | 3.46B | 2.57B | 2.36B | 2.18B | 1.87B | 2.1B | 2.31B | 1.62B | 2.83B | 2.35B | 2.58B | 2.56B | 2.41B | 1.72B | 1.8B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 88M | 0 | 329M | 0 | 109M | 0 | 0 | 0 | 67M | 0 | 0 | 0 | 63M | 0 |
| Other Current Liabilities | 6.31B | 35M | 19M | 87M | 1.14B | 0 | 3.86B | 0 | 453M | 0 | 257M | 0 | 911M | 0 | 1.66B | 0 | 1.48B | 0 | 1.63B | 0 |
| Current Ratio | 1.43x | 1.39x | 1.36x | 1.39x | 1.40x | 1.35x | 1.35x | 1.46x | 1.53x | 1.55x | 1.53x | 1.62x | 1.63x | 1.57x | 1.66x | 1.62x | 1.58x | 1.55x | 1.45x | 1.42x |
| Quick Ratio | 0.57x | 0.54x | 0.53x | 0.58x | 0.59x | 0.58x | 0.59x | 0.59x | 0.66x | 0.65x | 0.67x | 0.70x | 0.68x | 0.70x | 0.76x | 0.70x | 0.68x | 0.71x | 0.62x | 0.61x |
| Cash Conversion Cycle | 60.43 | - | 66.5 | 70.27 | - | 59.64 | 62.8 | 60.58 | - | 60.72 | 39.32 | 937.21 | 899.75 | 63.48 | 39.58 | 1.03K | 877.98 | 804.38 | 56.57 | 563.96 |
| Total Non-Current Liabilities | 19.93B | 19.05B | 18.65B | 18.61B | 18.81B | 16.16B | 16.27B | 16.52B | 16.24B | 15.85B | 16.08B | 15.75B | 16.46B | 16.31B | 16.56B | 14.78B | 14.61B | 15.2B | 15B | 15.34B |
| Long-Term Debt | 11.73B | 10.94B | 10.67B | 10.49B | 9.56B | 8.59B | 7.96B | 8.9B | 7.91B | 8.35B | 7.43B | 8.23B | 7.7B | 8.65B | 8.24B | 6.41B | 5.36B | 6.31B | 5.8B | 6.45B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 994M | 0 | 852M | 0 | 860M | 0 | 939M | 0 | 948M | 0 | 828M | 0 | 708M | 0 | 691M | 0 |
| Deferred Tax Liabilities | 2.33B | 2.33B | 2.29B | 0 | 2.43B | 2.42B | 2.34B | 2.32B | 0 | 0 | 2.43B | 0 | 0 | 0 | 2.67B | 0 | 0 | 0 | 2.37B | 0 |
| Other Non-Current Liabilities | 5.88B | 5.78B | 5.68B | 8.12B | 5.82B | 5.15B | 5.12B | 5.3B | 7.47B | 7.5B | 5.05B | 7.52B | 7.81B | 7.66B | 4.83B | 8.37B | 8.54B | 8.89B | 6.14B | 8.89B |
| Total Liabilities | 42.33B | 41.06B | 41.17B | 42.09B | 42.41B | 38.15B | 38.1B | 37.8B | 36.55B | 36.29B | 37.85B | 36.2B | 37.51B | 39.14B | 38.96B | 37.3B | 40.58B | 41.3B | 39.17B | 38.77B |
| Total Debt | 14.42B | 13.68B | 13.41B | 14.87B | 13.73B | 12.05B | 11.56B | 11.26B | 11.13B | 10.22B | 10.68B | 10.54B | 10.46B | 11.48B | 11.65B | 8.99B | 8.79B | 8.72B | 8.4B | 8.25B |
| Net Debt | 9.52B | 9.32B | 7.93B | 9.13B | 8.37B | 6.73B | 5.16B | 6.17B | 5.22B | 4.78B | 3B | 4.25B | 4.63B | 5.19B | 2.35B | 3.93B | 4.33B | 3.15B | 4.19B | 3.87B |
| Debt / Equity | 0.25x | 0.24x | 0.24x | 0.26x | 0.24x | 0.23x | 0.23x | 0.20x | 0.20x | 0.18x | 0.19x | 0.18x | 0.18x | 0.20x | 0.21x | 0.17x | 0.16x | 0.16x | 0.16x | 0.17x |
| Debt / EBITDA | 7.86x | 9.11x | 11.34x | 11.62x | 5.22x | 8.13x | 9.34x | 8.37x | 6.62x | 5.96x | - | 5.65x | 4.02x | 6.30x | 35.30x | 3.95x | 1.70x | 1.72x | 1.65x | 1.39x |
| Net Debt / EBITDA | 5.19x | 6.21x | 6.71x | 7.14x | 3.19x | 4.54x | 4.17x | 4.58x | 3.11x | 2.79x | - | 2.28x | 1.78x | 2.85x | 7.12x | 1.72x | 0.84x | 0.62x | 0.82x | 0.65x |
| Interest Coverage | 2.49x | 6.39x | 16.19x | 7.01x | - | 21.65x | 1.74x | 77.75x | 1.53x | 19.59x | - | 40.77x | 46.49x | 21.77x | - | 39.54x | 92.25x | 95.14x | 87.24x | 93.29x |
| Total Equity | 56.82B | 57.21B | 56.54B | 56.68B | 56.47B | 53.3B | 51.29B | 55.36B | 54.3B | 55.66B | 56.07B | 57.54B | 57.91B | 56.12B | 55.59B | 53.92B | 56.45B | 56.2B | 51.34B | 49.32B |
| Equity Growth % | 0.63% | 7.34% | 10.24% | 2.37% | 4% | -4.24% | -8.53% | -3.78% | -6.23% | -0.83% | 0.86% | 6.72% | 2.59% | -0.13% | 8.27% | 9.32% | 21.85% | 33.86% | 30.32% | 31.05% |
| Book Value per Share | 74.38 | 74.88 | 74.00 | 74.19 | 73.24 | 69.13 | 66.43 | 70.89 | 67.54 | 68.63 | 68.44 | 68.42 | 67.89 | 65.11 | 64.04 | 60.24 | 60.96 | 58.17 | 49.70 | 44.35 |
| Total Shareholders' Equity | 54.82B | 55.19B | 54.47B | 54.6B | 54.38B | 51.21B | 49.22B | 53.31B | 52.2B | 53.59B | 53.96B | 55.41B | 55.72B | 53.97B | 53.15B | 51.56B | 53.99B | 53.8B | 49.11B | 47.12B |
| Common Stock | 275M | 0 | 54.47B | 54.6B | 303M | 0 | 303M | 0 | 303M | 53.59B | 303M | 55.41B | 303M | 53.97B | 312M | 51.56B | 312M | 53.8B | 350M | 47.12B |
| Retained Earnings | 50.74B | 0 | 0 | 0 | 49.41B | 0 | 0 | 0 | 47.35B | 0 | 46.26B | 0 | 48.32B | 0 | 45.44B | 0 | 44.24B | 0 | 36.7B | 0 |
| Treasury Stock | -841M | 0 | 0 | 0 | -2.36B | 0 | 0 | 0 | -1.73B | 0 | -849M | 0 | -360M | 0 | -1.9B | 0 | -960M | 0 | -2.19B | 0 |
| Accumulated OCI | -20.61B | 0 | 0 | 0 | -20.17B | 0 | 0 | 0 | -20.91B | 0 | -18.94B | 0 | -19.72B | 0 | -19.87B | 0 | -18.24B | 0 | -18.07B | 0 |
| Minority Interest | 2B | 2.02B | 2.07B | 2.08B | 2.09B | 2.09B | 2.06B | 2.06B | 2.1B | 2.07B | 2.11B | 2.13B | 2.19B | 2.15B | 2.44B | 2.35B | 2.45B | 2.4B | 2.24B | 2.21B |