ArcelorMittal S.A. (MT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 |
|---|
| Sales/Revenue | 15.46B | 14.97B | 15.66B | 15.93B | 14.8B | 14.71B | 15.2B | 16.25B | 16.28B | 14.55B | 16.62B | 18.61B | 18.5B | 16.89B | 18.98B | 22.14B | 21.84B | 20.81B | 20.23B | 19.34B |
| Revenue Growth % | 4.45% | 1.75% | 3.03% | -1.99% | -9.11% | 1.11% | -8.55% | -12.67% | -11.99% | -13.85% | -12.43% | -15.97% | -15.27% | -18.82% | -6.2% | 14.47% | 34.85% | 46.69% | 52.49% | 76.23% |
| Cost of Goods Sold | 0 | 13.58B | 14.28B | 0 | 13.32B | 13.25B | 13.78B | 0 | 14.57B | 61.57B | 662M | 680M | 16.68B | 65.36B | 628M | 669M | 647M | 15.92B | 590M | 620M |
| COGS % of Revenue | - | 90.74% | 91.21% | - | 89.99% | 90.08% | 90.66% | - | 89.47% | 423.08% | 3.98% | 3.65% | 90.15% | 386.98% | 3.31% | 3.02% | 2.96% | 76.52% | 2.92% | 3.21% |
| Gross Profit | 15.46B | 1.39B | 1.38B | 15.93B | 1.48B | 1.46B | 1.42B | 16.25B | 1.71B | -47.01B | 15.95B | 17.93B | 1.82B | -48.47B | 18.35B | 21.47B | 21.19B | 4.89B | 19.64B | 18.72B |
| Gross Margin % | 100% | 9.26% | 8.79% | 100% | 10.01% | 9.92% | 9.34% | 100% | 10.53% | -323.08% | 96.02% | 96.35% | 9.85% | -286.98% | 96.69% | 96.98% | 97.04% | 23.48% | 97.08% | 96.79% |
| Gross Profit Growth % | 943.69% | -5% | -2.96% | -1.99% | -13.59% | 103.11% | -91.11% | -9.36% | -5.93% | 3.01% | -13.04% | -16.52% | -91.4% | -1092.1% | -6.58% | 14.69% | 553.58% | 115.24% | 48.04% | 11316.46% |
| Operating Expenses | 14.7B | 1.06B | 833M | 13.99B | 656M | 931M | 756M | 15.2B | 642M | -45.03B | 14.75B | 16B | 630M | -48.17B | 16.7B | 16.98B | 16.76B | 328M | 14.29B | 14.29B |
| OpEx % of Revenue | 95.13% | 7.08% | 5.32% | 87.87% | 4.43% | 6.33% | 4.98% | 93.56% | 3.94% | -309.47% | 88.78% | 86% | 3.41% | -285.17% | 87.99% | 76.68% | 76.74% | 1.58% | 70.66% | 73.88% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 270M | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.3% | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 753M | 327M | 544M | 1.93B | 825M | 529M | 663M | 1.05B | 1.07B | -1.98B | 1.2B | 1.93B | 1.19B | -306M | 1.65B | 4.49B | 4.43B | 4.56B | 5.34B | 4.43B |
| Operating Margin % | 4.87% | 2.18% | 3.47% | 12.13% | 5.58% | 3.6% | 4.36% | 6.44% | 6.58% | -13.61% | 7.24% | 10.35% | 6.44% | -1.81% | 8.7% | 20.3% | 20.3% | 21.91% | 26.42% | 22.91% |
| Operating Income Growth % | -8.73% | -38.19% | -17.95% | 84.7% | -23.04% | 126.72% | -44.89% | -45.66% | -10.07% | -547.06% | -27.14% | -57.17% | -73.11% | -106.71% | -69.11% | 1.4% | 67.85% | 128.13% | 644.43% | 1851.78% |
| EBITDA | 1.5B | 1.18B | 1.28B | 2.63B | 1.48B | 1.24B | 1.34B | 1.68B | 1.71B | -1.28B | 1.86B | 2.6B | 1.82B | 330M | 2.28B | 5.16B | 5.08B | 5.08B | 5.93B | 5.05B |
| EBITDA Margin % | 9.72% | 7.9% | 8.18% | 16.51% | 10.01% | 8.41% | 8.85% | 10.35% | 10.53% | -8.78% | 11.22% | 14% | 9.85% | 1.95% | 12.01% | 23.32% | 23.26% | 24.42% | 29.34% | 26.12% |
| EBITDA Growth % | 1.42% | -4.44% | -4.83% | 56.39% | -13.59% | 196.95% | -27.88% | -35.47% | -5.93% | -486.97% | -18.17% | -49.54% | -64.13% | -93.5% | -61.6% | 2.2% | 56.69% | 103.44% | 307.34% | 1247.2% |
| D&A (Non-Cash Add-back) | 749M | 856M | 736M | 697M | 656M | 709M | 682M | 635M | 642M | 703M | 662M | 680M | 630M | 636M | 628M | 669M | 647M | 522M | 590M | 620M |
| EBIT | 850M | 1.47B | 589M | -140M | 1.04B | 751M | 622M | 794M | 1.23B | -2.87B | 1.26B | 2.19B | 1.39B | 452M | 1.46B | 4.89B | 4.85B | 4.28B | 5.78B | 4.79B |
| Net Interest Income | -133M | -91M | -84M | 0 | -48M | -432M | -8M | -520M | -63M | 0 | -31M | -47M | -64M | 0 | -37M | -53M | -51M | -49M | -62M | -76M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 133M | 91M | 84M | 0 | 48M | 432M | 8M | 520M | 63M | 0 | 31M | 47M | 64M | 0 | 37M | 53M | 51M | 49M | 62M | 76M |
| Other Income/Expense | -36M | -335M | -39M | 182M | 166M | -186M | -49M | -259M | 99M | -1.46B | 30M | 213M | 137M | 2.25B | -225M | -484M | 368M | 223M | -505M | -261M |
| Pretax Income | 717M | -8M | 505M | 2.11B | 991M | 343M | 614M | 787M | 1.17B | -3.44B | 1.23B | 2.14B | 1.33B | 1.94B | 1.43B | 4.01B | 4.8B | 4.78B | 4.84B | 4.17B |
| Pretax Margin % | 4.64% | -0.05% | 3.23% | 13.27% | 6.7% | 2.33% | 4.04% | 4.84% | 7.19% | -23.64% | 7.42% | 11.49% | 7.18% | 11.51% | 7.52% | 18.11% | 21.99% | 22.98% | 23.93% | 21.56% |
| Income Tax | 136M | -201M | 106M | 285M | 169M | 748M | 315M | 275M | 197M | -454M | 272M | 231M | 189M | 3.47B | 371M | -826M | 555M | 632M | -882M | -542M |
| Effective Tax Rate % | 18.97% | 2512.5% | 20.99% | 13.48% | 17.05% | 218.08% | 51.3% | 34.94% | 16.82% | 13.2% | 22.06% | 10.8% | 14.22% | 178.45% | 26.02% | -20.6% | 11.56% | 13.22% | -18.22% | -12.99% |
| Net Income | 575M | 177M | 377M | 1.79B | 805M | -390M | 287M | 504M | 938M | -2.97B | 929M | 1.86B | 1.1B | 261M | 993M | 3.92B | 4.13B | 4.04B | 4.62B | 4B |
| Net Margin % | 3.72% | 1.18% | 2.41% | 11.26% | 5.44% | -2.65% | 1.89% | 3.1% | 5.76% | -20.38% | 5.59% | 10% | 5.92% | 1.55% | 5.23% | 17.72% | 18.89% | 19.44% | 22.84% | 20.71% |
| Net Income Growth % | -28.57% | 145.38% | 31.36% | 255.75% | -14.18% | 86.85% | -69.11% | -72.9% | -14.42% | -1236.4% | -6.45% | -52.59% | -73.43% | -93.55% | -78.51% | -2.05% | 80.53% | 235.13% | 1870.5% | 816.46% |
| Net Income (Continuing) | 581M | 193M | 399M | 1.83B | 822M | -405M | 299M | 512M | 974M | -2.99B | 961M | 1.91B | 1.14B | -1.52B | 1.05B | 4.84B | 4.25B | 4.15B | 5.72B | 4.71B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 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 | 2.16B |
| EPS (Diluted) | 0.75 | 0.23 | 0.49 | 2.33 | 1.04 | -0.51 | 0.37 | 0.63 | 1.16 | -2.49 | 1.10 | 3.47 | 1.27 | 0.30 | 2.01 | 4.24 | 4.27 | 3.92 | 4.16 | 3.46 |
| EPS Growth % | -27.88% | 145.1% | 32.43% | 269.84% | -10.34% | 79.52% | -66.36% | -81.84% | -8.66% | -930% | -45.27% | -18.16% | -70.26% | -92.35% | -51.68% | 22.54% | 121.24% | 292% | 2080.95% | 792% |
| EPS (Basic) | 0.76 | 0.23 | 0.50 | 2.33 | 1.06 | -0.51 | 0.37 | 0.63 | 1.16 | -2.49 | 1.11 | 3.47 | 1.28 | 0.30 | 2.01 | 4.25 | 4.28 | 3.93 | 4.17 | 3.47 |
| Diluted Shares Outstanding | 764M | 764M | 764M | 771M | 771M | 772M | 781M | 804M | 811M | 819.27M | 841M | 853M | 862M | 868M | 895M | 926M | 966M | 1.03B | 1.11B | 1.16B |
| Basic Shares Outstanding | 761M | 769.57M | 769.39M | 768M | 768M | 764.71M | 778M | 805.96M | 809M | 819.27M | 838M | 851M | 859M | 865M | 892M | 924M | 964M | 1.03B | 1.11B | 1.15B |
| Dividend Payout Ratio | 19.83% | 91.44% | - | 14.39% | - | - | - | 39.68% | - | - | - | 9.95% | - | 4.74% | - | 8.46% | - | 0.83% | 0.61% | 7.09% |