The story
Founded by Lakshmi Mittal in 2006.1
MT on NYSE
ArcelorMittal
Logo: ArcelorMittal, Public domain, via Wikimedia Commons4
Luxembourgish steel manufacturing corporation
ArcelorMittal S.A., headquartered in Luxembourg City, is a multinational steel manufacturing corporation, with operations in iron ore and coke mining as well as scrap recycling. It is the second-largest steelmaker worldwide behind Baowu and was the largest steelmaker worldwide until 2019, when Baowu acquired other Chinese steelmakers.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 16, 2026.
Overview
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- TickerMT on NYSE1
- Industryiron and steel industry, mining industry1
- HeadquartersLuxembourg1
- Websitecorporate.arcelormittal.com
- Legal formsociété anonyme1
- Listed onAmsterdam Stock Exchange (MT), Luxembourg Stock Exchange (MT), Madrid Stock Exchange (MTS), New York Stock Exchange (MT)1
- Slogan“transforming tomorrow”1
- Business address24-26, Boulevard D?Avranches, L-1160 Luxembourg, Grand Duchy Of Luxembourg, N4 000006
- Filer categoryLarge accelerated filer6
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ArcelorMittal S.A., headquartered in Luxembourg City, is a multinational steel manufacturing corporation, with operations in iron ore and coke mining as well as scrap recycling. It is the second-largest steelmaker worldwide behind Baowu and was the largest steelmaker worldwide until 2019, when Baowu acquired other Chinese steelmakers.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
5.7%Return on equity5
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Sales | $61.4B | $62.4B | $68.3B |
| Cost of sales | $57.0B | $56.7B | $63.5B |
| Gross margin | $4.4B | $5.8B | $4.7B |
| Selling, general and administrative expenses | $2.6B | $2.5B | $2.4B |
| Acquisition gain of Calvert | $1.9B | $0 | $0 |
| Operating income | $3.6B | $3.3B | $2.3B |
| Income from investments in associates, joint ventures and other investments | $806.0M | $779.0M | $1.2B |
| Impairment of investments in associates, joint ventures and other investments | -$123.0M | $0 | -$1.4B |
| Financing costs - net | -$709.0M | -$1.2B | -$859.0M |
| Income before taxes | $3.6B | $2.9B | $1.3B |
| Income tax expense | $359.0M | $1.5B | $238.0M |
| Net income (including non-controlling interests) | $3.2B | $1.4B | $1.0B |
| Net income attributable to equity holders of the parent | $3.2B | $1.3B | $919.0M |
| Net income attributable to non-controlling interests | $91.0M | $41.0M | $103.0M |
| Basic (USD per share) | $4.13 | $1.70 | $1.09 |
| Diluted (USD per share) | $4.11 | $1.69 | $1.09 |
| Basic (in shares) | 763.0M shares | 788.0M shares | 842.0M shares |
| Diluted (in shares) | 766.0M shares | 791.0M shares | 845.0M shares |
| Revenue of sales to related parties | $6.0B | $7.8B | $8.8B |
| Purchases from related parties | $1.9B | $2.0B | $2.0B |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $5.4B | $6.4B | $7.7B |
| Restricted cash | $84.0M | $84.0M | |
| Trade accounts receivable and other (including 272 and 322 from related parties at December 31, 2025 and 2024, respectively) | $3.5B | $3.4B | |
| Inventories | $18.6B | $16.5B | |
| Prepaid expenses and other current assets | $3.0B | $3.0B | |
| Assets held for sale | $37.0M | $0 | |
| Total current assets | $30.6B | $29.4B | |
| Goodwill and intangible assets | $5.3B | $4.5B | |
| Property, plant and equipment and biological assets | $41.0B | $33.3B | |
| Investments in associates and joint ventures | $10.4B | $11.4B | |
| Other investments | $353.0M | $299.0M | |
| Deferred tax assets | $8.9B | $8.9B | |
| Other assets | $1.2B | $1.6B | |
| Total non-current assets | $67.1B | $60.0B | |
| Total assets | $97.7B | $89.4B | |
| Short-term debt and current portion of long-term debt | $2.7B | $2.7B | |
| Trade accounts payable and other (including 352 and 291 to related parties at December 31, 2025 and 2024, respectively) | $13.0B | $12.9B | |
| Short-term provisions | $1.0B | $938.0M | |
| Accrued expenses and other liabilities | $5.2B | $4.7B | |
| Income tax liabilities | $547.0M | $480.0M | |
| Liabilities held for sale | $19.0M | $0 | |
| Total current liabilities | $22.5B | $21.8B | |
| Long-term debt, net of current portion | $10.7B | $8.8B | |
| Deferred tax liabilities | $2.3B | $2.3B | |
| Deferred employee benefits | $2.5B | $2.3B | |
| Long-term provisions | $1.6B | $1.4B | $1.5B |
| Other long-term obligations | $1.5B | $1.4B | |
| Total non-current liabilities | $18.6B | $16.3B | |
| Total liabilities | $41.2B | $38.1B | |
| Common shares (no par value, 1,033,608,827 and 1,111,418,599 shares authorized, 775,000,000 and 852,809,772 shares issued, and 761,125,819 and 768,546,622 shares outstanding at December 31, 2025 and 2024, respectively) | $275.0M | $303.0M | |
| Treasury shares (13,874,181 and 84,263,150 common shares at December 31, 2025 and 2024, respectively, at cost) | -$355.0M | -$2.1B | |
| Additional paid-in capital | $25.2B | $27.2B | |
| Retained earnings | $49.9B | $47.3B | |
| Reserves | -$20.6B | -$23.4B | |
| Equity attributable to the equity holders of the parent | $54.5B | $49.2B | |
| Non-controlling interests | $2.1B | $2.1B | |
| Total equity | $56.5B | $51.3B | $56.1B |
| Total liabilities and equity | $97.7B | $89.4B | |
| Receivables due from related parties | $272.0M | $322.0M | |
| Trade accounts payable and other to related parties | $352.0M | $291.0M | |
| Shares authorized (in shares) | 1.0B shares | 1.1B shares | 1.1B shares |
| Shares issued (in shares) | 775.0M shares | 852.8M shares | 852.8M shares |
| Shares outstanding (in shares) | 761.1M shares | 768.5M shares | 819.3M shares |
| Treasury shares (in shares) | -13.9M shares | -84.3M shares | -33.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (including non-controlling interests) | $3.2B | $1.4B | $1.0B |
| Depreciation and amortization | $2.9B | $2.6B | $2.7B |
| Impairment charges | $204.0M | $116.0M | $1.0B |
| Goodwill/(bargain purchase gain) | -$1.9B | $0 | $0 |
| Interest expense | $577.0M | $510.0M | $715.0M |
| Interest income | -$281.0M | -$400.0M | -$570.0M |
| Income tax expense | $359.0M | $1.5B | $238.0M |
| Net loss on disposal of subsidiaries | $63.0M | $0 | $1.5B |
| Income from investments in associates, joint ventures and other investments | -$806.0M | -$779.0M | -$1.2B |
| Impairment on investments in associates, joint ventures and other investments | $123.0M | $0 | $1.4B |
| Provision on pensions and other post-employment benefits | $232.0M | $166.0M | $249.0M |
| Unrealized foreign exchange effects | $114.0M | $639.0M | $409.0M |
| Votorantim settlement expense | $420.0M | $0 | $0 |
| Write-downs of inventories to net realizable value, provisions and other non-cash operating expenses net | $576.0M | $592.0M | -$400.0M |
| Trade accounts receivable and other | $597.0M | -$192.0M | $307.0M |
| Inventories | $820.0M | $238.0M | $1.6B |
| Trade accounts payable and other | -$942.0M | $56.0M | -$271.0M |
| VAT and other amounts (paid) received to/from public authorities | $232.0M | -$204.0M | $9.0M |
| Other working capital and provisions movements | -$742.0M | -$287.0M | $110.0M |
| Interest paid | -$828.0M | -$799.0M | -$788.0M |
| Interest received | $308.0M | $358.0M | $553.0M |
| Income taxes paid | -$633.0M | -$763.0M | -$977.0M |
| Dividends received from associates, joint ventures and other investments | $362.0M | $295.0M | $316.0M |
| Cash contributions to plan assets and benefits paid for pensions and other post-employment benefits | -$277.0M | -$241.0M | -$248.0M |
| Net cash provided by operating activities | $4.8B | $4.9B | $7.6B |
| Purchase of property, plant and equipment and intangibles | -$4.3B | -$4.4B | -$4.6B |
| Disposals of net assets of subsidiaries, net of cash disposed of 10, nil and 24 in 2025, 2024 and 2023, respectively | -$10.0M | $0 | $254.0M |
| Acquisitions of net assets of subsidiaries, net of cash acquired of 369, 249 and 4 in 2025, 2024 and 2023, respectively | $47.0M | -$184.0M | -$2.5B |
| Disposals of property, plant and equipment and intangibles | $100.0M | $568.0M | $718.0M |
| Acquisition of and capital increase in associates and joint ventures | -$206.0M | -$1.2B | -$73.0M |
| Settlement of Votorantim put option liability | -$202.0M | $0 | $0 |
| Proceeds from repayment of a loan in connection with the sale of ArcelorMittal Temirtau | $301.0M | $111.0M | $0 |
| (Acquisitions) disposals of financial assets | -$19.0M | $216.0M | $560.0M |
| Other investing activities net | -$225.0M | -$125.0M | -$170.0M |
| Net cash provided by / (used in) investing activities | -$4.6B | -$5.0B | -$5.8B |
| Payments from mandatorily convertible subordinated notes/ mandatorily convertible bonds | $0 | $0 | -$340.0M |
| Transactions with non-controlling interests | -$88.0M | $172.0M | $0 |
| Proceeds from short-term debt | $32.0M | $257.0M | $218.0M |
| Proceeds from long-term debt | $2.1B | $2.2B | $134.0M |
| Payments of short-term debt | -$2.4B | -$1.2B | -$1.7B |
| Payments of long-term debt | -$420.0M | -$61.0M | -$16.0M |
| Share buyback | -$262.0M | -$1.3B | -$1.2B |
| Dividends paid (includes 121, 187 and 162 of dividends paid to non-controlling shareholders in 2025, 2024 and 2023, respectively) | -$542.0M | -$580.0M | -$531.0M |
| Payment of principal portion of lease liabilities and other financing activities | -$234.0M | -$203.0M | -$253.0M |
| Net cash provided by / (used in) financing activities | -$1.8B | -$680.0M | -$3.7B |
| Net (decrease) in cash and cash equivalents | -$1.5B | -$815.0M | -$1.9B |
| Effect of exchange rate changes on cash | $504.0M | -$471.0M | $255.0M |
| Cash disposed | $10.0M | $0 | $24.0M |
| Cash acquired from acquisition | $369.0M | $249.0M | $4.0M |
| Dividends paid to non-controlling shareholders | $121.0M | $187.0M | $162.0M |
Leadership
Who has led ArcelorMittal, and when. Pick a name to see everywhere that person has worked.
Chief executive
2010201520202025
- FounderLakshmi Mittal1
- Chief executive officerAditya Mittal Feb 11, 2021 to now1
- ChairLakshmi Mittal1
Board members and other officers (3)
- Board memberBruno Lafont1
- Board memberJeannot Krecké1
- Board memberKarel De Gucht1
Products and brands
- high speed steel
Listed on Wikidata.1
Subsidiaries and ownership
Owners
- Lakshmi Mittal 33.7%
- BlackRock 5.3%
- Société Générale 5%
Subsidiaries
- ARBED
- ArcelorMittal (Belgium)
- ArcelorMittal (France)
- ArcelorMittal (Germany)
- ArcelorMittal Bremen
- ArcelorMittal Eisenhüttenstadt
- ArcelorMittal Galați
- ArcelorMittal Kryvyi Rih
- ArcelorMittal Pecém
- ArcelorMittal Poland
- ArcelorMittal Poland
- ArcelorMittal Spain
- ArcelorMittal Temirtau
- ArcelorMittal Tubarao
- ArcelorMittal Tubular Products Karviná
- ArcelorMittal Tubular Products Ostrava
- ArcelorMittal Vega
- Arcelormittal Frydek-Mistek
- Association technique de l'importation charbonnière
- Dofasco
- Espérance-Longdoz
- Exosun
- ILVA
- Liberty Engineering Products Ostrava
All 27 subsidiaries
- Liberty Ostrava
- Qarmet
- Tadeusz Sendzimir Steelworks
Also owns
- Altos Hornos de Vizcaya
- Stadionul Oțelul
From Wikidata.1
Acquisitions
- Succeeded Bethlehem Steel1
- Succeeded Mittal Steel Company1
Employees over time
Former names
- ARCELORApr 30, 2003 to Oct 1, 20076
Timeline
Recent filings
- Sep 25, 20266-K
- Sep 15, 20266-K
- Aug 17, 20266-K
- Aug 3, 20266-K
- Jul 31, 20266-K
- Jul 30, 20266-K
- Jul 24, 20266-K
- Jul 6, 20266-K
- Jul 1, 2026SD
- Jun 30, 20266-K
- Jun 26, 20266-K
- Jun 22, 20266-K
- Jun 3, 20266-K
- May 28, 2026SD
- May 27, 20266-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitecorporate.arcelormittal.com1
- X (Twitter)x.com/ArcelorMittal1
- Facebookwww.facebook.com/ArcelorMittalPoland1
- Instagramwww.instagram.com/arcelormittalbrasil1
- YouTubewww.youtube.com/channel/UCknPRzLtNR-MVa1WQ08nKTA1
- WikipediaArcelorMittal
- WikidataQ27893
- SEC EDGARCIK 1243429
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataArcelorMittal on Wikidata
- 2SEC EDGARArcelorMittal filings on SEC EDGAR
- 3WikipediaArcelorMittal on Wikipedia
- 4Wikimedia CommonsArcelorMittal logo by ArcelorMittal, Public domain
- 5SEC EDGARArcelorMittal 10-K for fiscal 2025
- 6SEC EDGARArcelorMittal filings on SEC EDGAR
- 7Wikimedia CommonsArcelorMittal photo by Meffo, CC BY 3.0
- 8SEC EDGARArcelorMittal 10-K for fiscal 2018
- 9SEC EDGARArcelorMittal 10-K for fiscal 2019
- 10SEC EDGARArcelorMittal 10-K for fiscal 2020
- 11SEC EDGARArcelorMittal 10-K for fiscal 2021
- 12SEC EDGARArcelorMittal 10-K for fiscal 2022
- 13SEC EDGARArcelorMittal 10-K for fiscal 2018