← ArcelorMittal

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Cash and cash equivalents $2.5b $2.6b $2.2b $4.9b $5.6b $4.2b $9.3b $7.7b $6.4b $5.4b
Inventories $14.7b $18.0b $20.7b $17.3b $12.3b $19.9b $20.1b $18.8b $16.5b $18.6b
Prepaid expenses and other current assets $1.7b $1.9b $2.8b $2.8b $2.3b $5.6b $3.8b $3.0b $3.0b $3.0b
Trade accounts receivable and other (including 272 and 322 from related parties at December 31, 2025 and 2024, respectively) $3.0b $3.9b $4.4b $3.6b $3.1b $5.1b $3.8b $3.7b $3.4b $3.5b
Total current assets $22.2b $26.7b $32.5b $28.6b $28.0b $34.9b $37.1b $33.2b $29.4b $30.6b
Property, plant and equipment and biological assets $34.8b $37.0b $35.6b $36.2b $30.6b $30.1b $30.2b $33.7b $33.3b $41.0b
Goodwill and intangible assets $5.7b $5.7b $5.7b $5.4b $4.3b $4.4b $4.9b $5.1b $4.5b $5.3b
Intangible Assets Other Than Goodwill $403.0m $443.0m $742.0m $328.0m $320.0m $494.0m $1.1b $1.2b $848.0m $986.0m
Other assets $1.4b $2.2b $3.4b $1.6b $1.5b $1.5b $1.9b $1.9b $1.6b $1.2b
Additional Financial Items
Assets held for sale $259.0m $179.0m $2.1b $0 $4.3b $0 — — $0 $37.0m
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) 401.0m 401.0m 364.0m 364.0m 393.0m 350.0m 312.0m 303.0m 303.0m 275.0m
Current Tax Assets Current $111.0m $176.0m $106.0m $102.0m $51.0m $106.0m $158.0m $209.0m $148.0m $163.0m
Current Tax Liabilities Current $133.0m $232.0m $238.0m $378.0m $464.0m $1.3b $318.0m $297.0m $480.0m $547.0m
Deferred Tax Assets $5.8b $7.1b $8.3b $8.7b $7.9b $8.1b $8.6b $9.5b $8.9b $8.9b
Deferred employee benefits $8.3b $7.6b $7.0b $7.3b $4.7b $3.8b $2.6b $2.7b $2.3b $2.5b
Equity attributable to the equity holders of the parent $30.1b $38.8b $42.1b $38.5b $38.3b $49.1b $53.2b $54.0b $49.2b $54.5b
Income tax liabilities $133.0m $232.0m $238.0m $378.0m $464.0m $1.3b $318.0m $297.0m $480.0m $547.0m
Investments in associates and joint ventures $4.3b $5.1b $4.9b $6.5b $6.8b $10.3b $10.8b $10.1b $11.4b $10.4b
Issued Capital $401.0m $401.0m $364.0m $364.0m $393.0m $350.0m $312.0m $303.0m $303.0m $275.0m
Liabilities held for sale $95.0m $50.0m $821.0m $0 $3.0b $0 — — $0 $19.0m
Long-term provisions $1.5b $1.6b $2.0b $2.5b $1.7b $1.5b $1.3b $1.5b $1.4b $1.6b
Other investments $926.0m $1.5b $855.0m $772.0m $3.0b $1.1b $1.1b $513.0m $299.0m $353.0m
Other long-term obligations $566.0m $963.0m $3.0b $2.5b $1.1b $874.0m $914.0m $1.1b $1.4b $1.5b
Reserves ($20.8b) ($16.7b) ($18.2b) ($18.9b) ($19.8b) ($18.1b) ($19.9b) ($18.9b) ($23.4b) ($20.6b)
Restricted cash $114.0m $212.0m $182.0m $128.0m $363.0m $156.0m $114.0m $97.0m $84.0m $84.0m
Short-term provisions $426.0m $410.0m $539.0m $516.0m $935.0m $1.1b $1.1b $588.0m $938.0m $1.0b
Trade And Other Current Payables $11.6b $13.4b $14.0b $12.6b $11.5b $15.1b $13.5b $13.6b $12.9b $13.0b
Trade And Other Current Receivables $3.0b $3.9b $4.4b $3.6b $3.1b $5.1b $3.8b $3.7b $3.4b $3.5b
Treasury shares (13,874,181 and 84,263,150 common shares at December 31, 2025 and 2024, respectively, at cost) ($371.0m) ($362.0m) ($569.0m) ($602.0m) ($538.0m) ($2.2b) ($1.9b) ($849.0m) ($2.1b) ($355.0m)
Total equity $32.3b $40.9b $44.1b $40.5b $40.2b $51.3b $55.6b $56.1b $51.3b $56.5b
Total non-current assets $52.9b $58.6b $58.8b $59.3b $54.1b $55.6b $57.4b $60.7b $60.0b $67.1b
Total non-current liabilities $24.7b $23.0b $23.7b $26.1b $19.1b $15.0b $16.6b $16.1b $16.3b $18.6b
Total Assets $75.1b $85.3b $91.2b $87.9b $82.1b $90.5b $94.5b $93.9b $89.4b $97.7b
LIABILITIES AND EQUITY
Accrued expenses and other liabilities $3.9b $4.5b $4.7b $4.9b $4.2b $4.8b $4.9b $5.0b $4.7b $5.2b
Long-term debt, net of current portion $11.8b $10.1b $9.3b $11.5b $9.8b $6.5b $9.1b $8.4b $8.8b $10.7b
Short-term debt and current portion of long-term debt $1.9b $2.8b $3.2b $2.9b $2.5b $1.9b $2.6b $2.3b $2.7b $2.7b
Trade accounts payable and other (including 352 and 291 to related parties at December 31, 2025 and 2024, respectively) $11.6b $13.4b $14.0b $12.6b $11.5b $15.1b $13.5b $13.6b $12.9b $13.0b
Total current liabilities $18.1b $21.4b $23.5b $21.3b $22.7b $24.2b $22.4b $21.8b $21.8b $22.5b
Deferred Tax Liabilities $2.5b $2.7b $2.4b $2.3b $1.8b $2.4b $2.7b $2.4b $2.3b $2.3b
Deferred Tax Liability Asset ($3.3b) ($4.4b) ($5.9b) ($6.3b) ($6.0b) ($5.8b) ($5.9b) ($7.0b) ($6.6b) ($6.6b)
Increase Decrease Through Net Exchange Differences Deferred Tax Liability Asset $700.0m — — — — — — — — —
Total Liabilities $42.8b $44.4b $47.1b $47.4b $41.8b $39.2b $39.0b $37.8b $38.1b $41.2b
Additional paid-in capital $34.8b $34.8b $34.9b $34.8b $35.2b $31.8b $28.7b $27.2b $27.2b $25.2b
Retained earnings $16.0b $20.6b $25.6b $22.9b $22.1b $36.7b $45.4b $46.3b $47.3b $49.9b
Noncontrolling Interests $2.2b $2.1b $2.0b $2.0b $2.0b $2.2b $2.4b $2.1b $2.1b $2.1b
Total liabilities and equity $75.1b $85.3b $91.2b $87.9b $82.1b $90.5b $94.5b $93.9b $89.4b $97.7b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.