ArcelorMittal balance sheet MT

Annual Quarterly

As of Dec 31, 2025, ArcelorMittal had total assets of $97.7 billion and total liabilities of $41.2 billion. Total assets were up 9.3% from a year earlier. Stockholders' equity was $56.5 billion. It held $5.4 billion in cash and investments against $15.7 billion of total debt, net debt of $10.3 billion. The current ratio, current assets divided by current liabilities, was 1.36.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
Assets
Cash
5,392
-15.8%
6,400
-16.7%
7,686
-17.4%
9,300
+120.6%
4,215
-24.7%
5,600
+15.1%
4,867
+124.1%
2,172
-15.6%
2,574
Cash and investments
5,392
-15.8%
6,400
-16.7%
7,686
-17.4%
9,300
+120.6%
4,215
-24.7%
5,600
+15.1%
4,867
+124.1%
2,172
-15.6%
2,574
Receivables
3,476
+3.0%
3,375
-7.8%
3,661
-4.6%
3,839
-25.4%
5,143
+67.4%
3,072
-13.9%
3,569
-19.5%
4,432
+14.7%
3,863
Inventory
18,589
+12.7%
16,501
-12.0%
18,759
-6.6%
20,087
+1.2%
19,858
+61.1%
12,328
-28.7%
17,296
-16.6%
20,744
+15.3%
17,986
Total current assets
30,605
+4.2%
29,382
-11.6%
33,240
-10.4%
37,118
+6.2%
34,939
+24.9%
27,973
-2.2%
28,616
-11.9%
32,475
+21.4%
26,745
Property and equipment, net
41,041
+23.2%
33,311
-1.0%
33,656
+11.6%
30,167
+0.3%
30,075
-1.8%
30,622
-15.5%
36,231
+1.7%
35,638
-3.6%
36,971
Total assets
97,703
+9.3%
89,385
-4.8%
93,917
-0.7%
94,547
+4.5%
90,512
+10.3%
82,052
-6.7%
87,908
-3.7%
91,249
+7.0%
85,297
Liabilities and equity
Accounts payable
13,008
+0.7%
12,921
-5.0%
13,605
+0.5%
13,532
-10.3%
15,093
+31.0%
11,525
-8.6%
12,614
-9.8%
13,981
+4.1%
13,428
Total current liabilities
22,520
+3.2%
21,825
+0.3%
21,769
-2.8%
22,398
-7.3%
24,167
+6.6%
22,667
+6.5%
21,287
-9.2%
23,455
+9.6%
21,410
Total liabilities
41,167
+8.1%
38,099
+0.7%
37,849
-2.8%
38,957
-0.5%
39,168
-6.3%
41,815
-11.8%
47,425
+0.6%
47,141
+6.1%
44,442
Stockholders' equity
56,536
+10.2%
51,286
-8.5%
56,068
+0.9%
55,590
+8.3%
51,344
+27.6%
40,237
-0.6%
40,483
-8.2%
44,108
+8.0%
40,855
Debt
Debt due within a year
3,858
+2.5%
3,764
+14.3%
3,292
-8.6%
3,600
+28.5%
2,801
-32.6%
4,154
-11.7%
4,707
-8.3%
5,135
+84.4%
2,785
Long-term debt
10,671
+21.1%
8,815
+5.3%
8,369
-7.7%
9,067
+39.8%
6,488
-33.9%
9,815
-14.4%
11,471
+23.1%
9,316
-8.2%
10,143
Lease liabilities
1,181
+14.2%
1,034
-9.8%
1,146
+8.5%
1,056
+20.0%
880
+8.0%
815
-27.7%
1,127
—
—
Total debt
15,710
+15.4%
13,613
+6.3%
12,807
-6.7%
13,723
+34.9%
10,169
-31.2%
14,784
-14.6%
17,305
+19.7%
14,451
+11.8%
12,928
Net cash
-10,318
-43.0%
-7,213
-40.9%
-5,121
-15.8%
-4,423
+25.7%
-5,954
+35.2%
-9,184
+26.2%
-12,438
-1.3%
-12,279
-18.6%
-10,354
Ratios
Current ratio
1.36x
1.35x
1.53x
1.66x
1.45x
1.23x
1.34x
1.38x
1.25x
Debt to equity
0.28x
0.27x
0.23x
0.25x
0.20x
0.37x
0.43x
0.33x
0.32x
Debt to EBITDA
2.39x
2.29x
2.55x
1.07x
0.52x
2.92x
7.09x
1.55x
1.58x
Return on equity
5.74%
2.69%
1.82%
17.16%
30.32%
-1.44%
-5.91%
12.08%
11.20%
Return on assets
3.32%
1.54%
1.09%
10.09%
17.20%
-0.70%
-2.72%
5.84%
5.36%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry
Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (SIC 3312)
Listed as
MT (NYSE), AMSYF (OTC), ARCXF (OTC)
Fiscal year ends
December 31
Headquarters
Grand Duchy Of Luxembourg, Luxembourg
SEC filer status
Large accelerated filer
SEC CIK
1243429
Former names
ARCELOR (until Oct 1, 2007)

Other Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) companies

All 13 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.