ArcelorMittal S.A. (MT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MT Revenue Growth
Revenue Breakdown (FY 2025)
MT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MT Revenue Analysis (2014–2025)
As of May 6, 2026, ArcelorMittal S.A. (MT) generated trailing twelve-month (TTM) revenue of $61.35 billion, reflecting modest growth of +1.7% year-over-year. The most recent quarter (Q4 2025) recorded $14.97 billion in revenue, down 4.4% sequentially.
Looking at the longer-term picture, MT's 5-year compound annual growth rate (CAGR) stands at +2.9%, indicating moderate growth over time. The company achieved its highest annual revenue of $79.84 billion in 2022.
Revenue diversification analysis shows MT's business is primarily driven by Flat products (56%), Long products (20%), and Other products (19%). With over half of revenue concentrated in Flat products, the company maintains significant focus in this area while developing other growth vectors.
When compared to Basic Materials sector peers including NUE (+12.3% YoY), STLD (+10.4% YoY), and CLF (-3.0% YoY), MT has underperformed the peer group in terms of revenue growth. Compare MT vs NUE →
MT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MTCurrent | $61.4B | +1.7% | +2.9% | 5.9% | |
 NUE | $32.5B | +12.3% | +10.0% | 8.2% | |
 STLD | $18.2B | +10.4% | +13.6% | 8.1% | |
 CLF | $18.6B | -3.0% | +28.3% | -7.5% | |
 RS | $14.3B | +8.5% | +10.2% | 7.2% | |
 CMC | $7.8B | +2.3% | +7.3% | 6.7% |
MT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $61.35B | -1.7% | $5.91B | 9.6% | $3.63B | 5.9% |
| 2024 | $62.44B | -8.5% | $5.79B | 9.3% | $3.31B | 5.3% |
| 2023 | $68.28B | -14.5% | $5.78B | 8.5% | $2.34B | 3.4% |
| 2022 | $79.84B | +4.3% | $13.96B | 17.5% | $10.27B | 12.9% |
| 2021 | $76.57B | +43.7% | $19.05B | 24.9% | $16.98B | 22.2% |
| 2020 | $53.27B | -24.6% | $4.64B | 8.7% | $2.11B | 4.0% |
| 2019 | $70.61B | -7.1% | $3.65B | 5.2% | $-627,000,000 | -0.9% |
| 2018 | $76.03B | +10.7% | $9.01B | 11.8% | $6.54B | 8.6% |
| 2017 | $68.68B | +20.9% | $7.80B | 11.4% | $5.43B | 7.9% |
| 2016 | $56.79B | -10.7% | $6.36B | 11.2% | $4.16B | 7.3% |
Full MT Stock Analysis
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Start ComparisonMT — Frequently Asked Questions
Quick answers to the most common questions about buying MT stock.
Is MT's revenue growth accelerating or slowing?
MT revenue growth slowed to +1.7%, below the 5-year CAGR of +2.9%. TTM revenue is $61.4B. The deceleration marks a shift from historical growth rates.
What is MT's long-term revenue growth rate?
ArcelorMittal S.A.'s 5-year revenue CAGR of +2.9% reflects the variable expansion pattern. Current YoY growth of +1.7% is near this long-term average.
How is MT's revenue distributed by segment?
MT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.