ArcelorMittal (MT) Revenue & Revenue Breakdown
ArcelorMittal Revenue Highlights
Latest Revenue (Y)
$68.28B
Latest Revenue (Q)
$16.28B
Main Segment (Y)
Flat products
Main Geography (Y)
Europe
ArcelorMittal Revenue by Period
ArcelorMittal Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $68.28B | -14.49% |
| 2022-12-31 | $79.84B | 4.27% |
| 2021-12-31 | $76.57B | 43.74% |
| 2020-12-31 | $53.27B | -24.56% |
| 2019-12-31 | $70.61B | -7.13% |
| 2018-12-31 | $76.03B | 10.71% |
| 2017-12-31 | $68.68B | 20.93% |
| 2016-12-31 | $56.79B | -10.68% |
| 2015-12-31 | $63.58B | -19.81% |
| 2014-12-31 | $79.28B | -0.20% |
| 2013-12-31 | $79.44B | -5.67% |
| 2012-12-31 | $84.21B | -10.39% |
| 2011-12-31 | $93.97B | 20.44% |
| 2010-12-31 | $78.03B | 19.84% |
| 2009-12-31 | $65.11B | -47.89% |
| 2008-12-31 | $124.94B | 18.74% |
| 2007-12-31 | $105.22B | 78.73% |
| 2006-12-31 | $58.87B | 109.26% |
| 2005-12-31 | $28.13B | 26.74% |
| 2004-12-31 | $22.20B | 307.96% |
| 2003-12-31 | $5.44B | 11.29% |
| 2002-12-31 | $4.89B | 8.98% |
| 2001-12-31 | $4.49B | -11.99% |
| 2000-12-31 | $5.10B | 8.91% |
| 1999-12-31 | $4.68B | 34.02% |
| 1998-12-31 | $3.49B | 59.45% |
| 1997-12-31 | $2.19B | - |
ArcelorMittal generated $68.28B in revenue during NA 2023, up -14.49% compared to the previous quarter, and up 89.80% compared to the same period a year ago.
ArcelorMittal Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $16.28B | -47.74% |
| 2023-12-31 | $31.15B | 87.49% |
| 2023-09-30 | $16.62B | -10.70% |
| 2023-06-30 | $18.61B | 0.57% |
| 2023-03-31 | $18.50B | 9.53% |
| 2022-12-31 | $16.89B | -10.98% |
| 2022-09-30 | $18.98B | -14.30% |
| 2022-06-30 | $22.14B | 1.40% |
| 2022-03-31 | $21.84B | 4.95% |
| 2021-12-31 | $20.81B | 2.85% |
| 2021-09-30 | $20.23B | 4.58% |
| 2021-06-30 | $19.34B | 19.45% |
| 2021-03-31 | $16.19B | 14.16% |
| 2020-12-31 | $14.18B | 6.92% |
| 2020-09-30 | $13.27B | 20.86% |
| 2020-06-30 | $10.98B | -26.06% |
| 2020-03-31 | $14.84B | -4.32% |
| 2019-12-31 | $15.51B | -6.73% |
| 2019-09-30 | $16.63B | -13.72% |
| 2019-06-30 | $19.28B | 0.47% |
| 2019-03-31 | $19.19B | 4.70% |
| 2018-12-31 | $18.33B | -1.05% |
| 2018-09-30 | $18.52B | -7.38% |
| 2018-06-30 | $20.00B | 4.23% |
| 2018-03-31 | $19.19B | 8.33% |
| 2017-12-31 | $17.71B | 0.40% |
| 2017-09-30 | $17.64B | 2.29% |
| 2017-06-30 | $17.24B | 7.20% |
| 2017-03-31 | $16.09B | 13.88% |
| 2016-12-31 | $14.13B | -2.73% |
| 2016-09-30 | $14.52B | -1.49% |
| 2016-06-30 | $14.74B | 10.03% |
| 2016-03-31 | $13.40B | -4.16% |
| 2015-12-31 | $13.98B | -10.31% |
| 2015-09-30 | $15.59B | -7.70% |
| 2015-06-30 | $16.89B | -1.33% |
| 2015-03-31 | $17.12B | -8.57% |
| 2014-12-31 | $18.72B | -6.70% |
| 2014-09-30 | $20.07B | -3.08% |
| 2014-06-30 | $20.70B | 4.63% |
| 2014-03-31 | $19.79B | -0.30% |
| 2013-12-31 | $19.85B | 1.04% |
| 2013-09-30 | $19.64B | -2.74% |
| 2013-06-30 | $20.20B | 2.25% |
| 2013-03-31 | $19.75B | 2.29% |
| 2012-12-31 | $19.31B | -2.10% |
| 2012-09-30 | $19.72B | -12.26% |
| 2012-06-30 | $22.48B | -0.99% |
| 2012-03-31 | $22.70B | 1.13% |
| 2011-12-31 | $22.45B | -7.29% |
| 2011-09-30 | $24.21B | -3.63% |
| 2011-06-30 | $25.13B | 13.26% |
| 2011-03-31 | $22.18B | 32.97% |
| 2010-12-31 | $16.68B | -20.70% |
| 2010-09-30 | $21.04B | -2.83% |
| 2010-06-30 | $21.65B | 16.08% |
| 2010-03-31 | $18.65B | 0.05% |
| 2009-12-31 | $18.64B | 15.29% |
| 2009-09-30 | $16.17B | 6.55% |
| 2009-06-30 | $15.18B | 0.36% |
| 2009-03-31 | $15.12B | -31.54% |
| 2008-12-31 | $22.09B | -37.24% |
| 2008-09-30 | $35.20B | -6.98% |
| 2008-06-30 | $37.84B | 26.94% |
| 2008-03-31 | $29.81B | 6.49% |
| 2007-12-31 | $27.99B | - |
ArcelorMittal generated $16.28B in revenue during Q1 2024, up -47.74% compared to the previous quarter, and up 96.39% compared to the same period a year ago.
ArcelorMittal Revenue Breakdown
ArcelorMittal Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Other products | $12.07B | $13.51B | $12.46B | $7.78B | $10.07B |
| Flat products | $38.65B | $44.78B | $41.90B | $31.58B | $43.63B |
| Long products | $14.12B | $17.49B | $18.12B | $11.12B | $13.71B |
| Mining products | $1.27B | $1.39B | $1.86B | $1.45B | $1.17B |
| Tubular products | $2.16B | $2.68B | $2.23B | $1.34B | $2.04B |
ArcelorMittal's latest annual revenue breakdown by segment (product or service), as of Dec 23: Flat products (56.60%), Long products (20.69%), Other products (17.69%), Tubular products (3.16%), and Mining products (1.86%).
Quarterly Revenue by Product
| Product/Service | Dec 23 | Jun 23 | Jun 22 | Jun 21 | Jun 20 | Jun 19 | Jun 18 |
|---|---|---|---|---|---|---|---|
| Flat products | $17.91B | $20.74B | $25.21B | $19.42B | $15.63B | $24.06B | $24.14B |
| Tubular products | $940.00M | $1.22B | $1.48B | $1.04B | $650.00M | $1.19B | $1.10B |
| Other products | $5.32B | $6.75B | $6.77B | $5.85B | $3.59B | $5.17B | $5.26B |
| Mining products | $705.00M | $564.00M | $837.00M | $839.00M | $654.00M | $662.00M | $525.00M |
| Long products | $6.29B | $7.83B | $9.68B | $8.38B | $5.29B | $7.38B | $8.16B |
ArcelorMittal's latest quarterly revenue breakdown by segment (product or service), as of Dec 23: Flat products (57.46%), Long products (20.18%), Other products (17.08%), Tubular products (3.02%), and Mining products (2.26%).
ArcelorMittal Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| UKRAINE | $500.00M | $515.00M | - | - | - |
| ARGENTINA | $1.23B | $1.91B | $1.44B | $679.00M | $814.00M |
| Americas | $26.25B | $28.06B | $25.41B | $20.18B | $27.29B |
| Asia and Africa | $6.25B | $7.26B | $8.98B | $6.78B | $7.96B |
| BELGIUM | $2.06B | $2.11B | $1.85B | $1.27B | $1.62B |
| BRAZIL | $8.24B | $8.71B | $8.20B | $4.40B | $5.09B |
| CANADA | $3.48B | $4.19B | $4.28B | $2.54B | $3.00B |
| CHINA | $764.00M | $765.00M | $943.00M | $1.62B | $676.00M |
| CZECHIA | $1.18B | $1.43B | $1.36B | $752.00M | - |
| Europe | $35.78B | $44.52B | $42.18B | $26.30B | $35.37B |
| FRANCE | $4.61B | $5.70B | $4.87B | $3.12B | $4.11B |
| GERMANY | $6.55B | $7.76B | $6.54B | $4.20B | $5.69B |
| INDIA | $102.00M | $131.00M | $142.00M | $142.00M | $95.00M |
| ITALY | $2.61B | $4.02B | $5.43B | $3.19B | $4.32B |
| KAZAKHSTAN | $503.00M | $625.00M | $747.00M | $425.00M | $470.00M |
| KOREA, REPUBLIC OF | $410.00M | $383.00M | $608.00M | $331.00M | $380.00M |
| MEXICO | $3.29B | $2.88B | $2.36B | $1.71B | $1.94B |
| MOROCCO | $745.00M | $806.00M | $689.00M | $492.00M | $583.00M |
| NETHERLANDS | $1.45B | $1.77B | $1.62B | $878.00M | $1.14B |
| Other Americas | $1.11B | $1.54B | $1.83B | $872.00M | $1.20B |
| Other Europe | $4.62B | $6.31B | $5.03B | $3.15B | $4.90B |
| POLAND | $4.47B | $5.93B | $5.30B | $3.23B | $3.96B |
| ROMANIA | $386.00M | $461.00M | $443.00M | $335.00M | $720.00M |
| Rest of Africa | $524.00M | $499.00M | $1.07B | $619.00M | $1.28B |
| Rest of Asia | $1.34B | $1.68B | $2.25B | $1.68B | $1.91B |
| SOUTH AFRICA | $1.86B | $2.26B | $2.45B | $1.37B | $2.26B |
| SPAIN | $3.98B | $4.74B | $4.19B | $2.82B | $3.85B |
| UNITED STATES | $8.89B | $8.84B | $7.30B | $9.99B | $15.24B |
| TURKEY | - | $1.23B | $1.51B | $1.07B | $1.50B |
| LUXEMBOURG | - | $206.00M | $185.00M | $114.00M | $151.00M |
| EGYPT | - | $120.00M | $85.00M | $103.00M | $309.00M |
| CZECH REPUBLIC | - | - | - | - | $1.24B |
ArcelorMittal's latest annual revenue breakdown by geography, as of Dec 23: Europe (26.87%), Americas (19.71%), UNITED STATES (6.67%), BRAZIL (6.19%), GERMANY (4.92%), Asia and Africa (4.69%), Other Europe (3.47%), FRANCE (3.46%), POLAND (3.35%), SPAIN (2.99%), CANADA (2.62%), MEXICO (2.47%), ITALY (1.96%), BELGIUM (1.55%), SOUTH AFRICA (1.40%), NETHERLANDS (1.08%), Rest of Asia (1.01%), ARGENTINA (0.93%), CZECHIA (0.89%), Other Americas (0.83%), CHINA (0.57%), MOROCCO (0.56%), Rest of Africa (0.39%), KAZAKHSTAN (0.38%), UKRAINE (0.38%), KOREA, REPUBLIC OF (0.31%), ROMANIA (0.29%), and INDIA (0.08%).
Quarterly Revenue by Country
| Country | Dec 23 | Jun 23 | Jun 22 | Jun 21 | Jun 20 | Jun 19 | Jun 18 |
|---|---|---|---|---|---|---|---|
| Asia and Africa | $3.00B | $3.25B | $4.01B | $4.15B | $3.22B | $4.21B | $4.54B |
| FRANCE | $1.82B | $2.79B | $3.29B | $2.49B | $1.45B | $2.32B | $2.40B |
| UNITED STATES | $4.08B | $4.81B | $4.77B | $3.34B | $5.47B | $8.47B | $8.05B |
| SPAIN | $1.73B | $2.26B | $2.67B | $2.04B | $1.34B | $2.14B | $2.34B |
| SOUTH AFRICA | $888.00M | $974.00M | $1.31B | $1.20B | $651.00M | $1.22B | $1.55B |
| Rest of Asia | $655.00M | $685.00M | $922.00M | $1.02B | $796.00M | $965.00M | $1.18B |
| Rest of Africa | $240.00M | $284.00M | $289.00M | $456.00M | $340.00M | $694.00M | $549.00M |
| ROMANIA | $194.00M | $192.00M | $312.00M | $228.00M | $154.00M | $408.00M | $354.00M |
| ITALY | $1.19B | $1.42B | $2.40B | $2.67B | $1.50B | $2.37B | $1.68B |
| INDIA | $43.00M | $59.00M | $47.00M | $91.00M | $53.00M | $54.00M | $54.00M |
| GERMANY | $2.87B | $3.69B | $4.24B | $3.02B | $2.01B | $3.25B | $3.53B |
| Europe | $15.87B | $19.91B | $25.09B | $19.73B | $12.58B | - | - |
| CZECHIA | $502.00M | $681.00M | $848.00M | $598.00M | - | - | - |
| CHINA | $400.00M | $364.00M | $345.00M | $397.00M | $763.00M | $368.00M | $311.00M |
| CANADA | $1.70B | $1.78B | $2.28B | $1.84B | $1.21B | $1.59B | $1.71B |
| BELGIUM | $928.00M | $1.13B | $1.07B | $877.00M | $693.00M | $722.00M | $673.00M |
| Americas | $12.30B | $13.95B | $14.87B | $11.65B | $10.02B | - | - |
| ARGENTINA | $324.00M | $909.00M | $856.00M | $598.00M | $260.00M | $465.00M | $580.00M |
| UKRAINE | $305.00M | $195.00M | $275.00M | $394.00M | - | - | - |
| POLAND | $2.05B | $2.42B | $3.40B | $2.33B | $1.55B | $2.11B | $2.39B |
| Other Europe | $2.06B | $2.56B | $3.50B | $2.20B | $1.69B | $2.79B | $2.95B |
| Other Americas | $498.00M | $612.00M | $960.00M | $749.00M | $488.00M | $601.00M | $648.00M |
| NETHERLANDS | $639.00M | $806.00M | $1.05B | $628.00M | $447.00M | $591.00M | $614.00M |
| KOREA, REPUBLIC OF | $234.00M | $176.00M | $240.00M | $264.00M | $148.00M | $195.00M | $173.00M |
| KAZAKHSTAN | $205.00M | $298.00M | $370.00M | $370.00M | $195.00M | $226.00M | $275.00M |
| BRAZIL | $4.09B | $4.15B | $4.54B | $3.97B | $1.82B | $2.58B | $2.39B |
| MEXICO | $1.60B | $1.68B | $1.46B | $1.15B | $778.00M | $1.06B | $1.06B |
| MOROCCO | $360.00M | $385.00M | $416.00M | $325.00M | $194.00M | $296.00M | $334.00M |
| EGYPT | - | $22.00M | $76.00M | $26.00M | $80.00M | $184.00M | $104.00M |
| TURKEY | - | $524.00M | $685.00M | $669.00M | $542.00M | $770.00M | $941.00M |
| CZECH REPUBLIC | - | - | - | - | $371.00M | $755.00M | $935.00M |
| Europe1 | - | - | - | - | - | $19.49B | $20.21B |
| Americas1 | - | - | - | - | - | $14.77B | $14.43B |
ArcelorMittal's latest quarterly revenue breakdown by geography, as of Dec 23: Europe (26.11%), Americas (20.24%), BRAZIL (6.73%), UNITED STATES (6.71%), Asia and Africa (4.94%), GERMANY (4.72%), Other Europe (3.38%), POLAND (3.37%), FRANCE (2.99%), SPAIN (2.84%), CANADA (2.80%), MEXICO (2.64%), ITALY (1.96%), BELGIUM (1.53%), SOUTH AFRICA (1.46%), Rest of Asia (1.08%), NETHERLANDS (1.05%), CZECHIA (0.83%), Other Americas (0.82%), CHINA (0.66%), MOROCCO (0.59%), ARGENTINA (0.53%), UKRAINE (0.50%), Rest of Africa (0.39%), KOREA, REPUBLIC OF (0.39%), KAZAKHSTAN (0.34%), ROMANIA (0.32%), and INDIA (0.07%).
ArcelorMittal Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| PKX | POSCO | $77.13T | $18.10T |
| GGB | Gerdau | $68.92B | $16.21B |
| MT | ArcelorMittal | $68.28B | $16.28B |
| SID | Companhia Siderúrgica Nacional | $45.44B | $9.71B |
| NUE | Nucor | $34.71B | $8.08B |
| CLF | Cleveland-Cliffs | $22.00B | $5.09B |
| TX | Ternium | $19.03B | $4.74B |
| STLD | Steel Dynamics | $18.80B | $4.63B |
| X | United States Steel | $16.04B | $3.85B |
| RS | Reliance Steel & Aluminum | $14.81B | $3.42B |
| CMC | Commercial Metals Company | $7.93B | $2.08B |
| SCHN | Schnitzer Steel Industries | $2.88B | $621.06M |
| ZEUS | Olympic Steel | $2.56B | $470.00M |
| TMST | Metallus | $1.36B | $343.70M |
MT Revenue FAQ
What is ArcelorMittal’s yearly revenue?
ArcelorMittal's yearly revenue for 2023 was $68.28B, representing a decrease of -14.49% compared to 2022. The company's yearly revenue for 2022 was $79.84B, representing an increase of 4.27% compared to 2021. MT's yearly revenue for 2021 was $76.57B, representing an increase of 43.74% compared to 2020.
What is ArcelorMittal’s quarterly revenue?
ArcelorMittal's quarterly revenue for Q1 2024 was $16.28B, a -47.74% decrease from the previous quarter (Q4 2023), and a -11.99% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $31.15B, a 87.49% increase from the previous quarter (Q3 2023), and a 84.43% increase year-over-year (Q4 2022). MT's quarterly revenue for Q3 2023 was $16.62B, a -10.70% decrease from the previous quarter (Q2 2023), and a -12.43% decrease year-over-year (Q3 2022).
What is ArcelorMittal’s revenue growth rate?
ArcelorMittal's revenue growth rate for the last 3 years (2021-2023) was -10.83%, and for the last 5 years (2019-2023) was -3.31%.
What are ArcelorMittal’s revenue streams?
ArcelorMittal's revenue streams in c 23 are Other products, Flat products, Long products, Mining products, and Tubular products. Other products generated $12.08B in revenue, accounting 17.69% of the company's total revenue, down -10.61% year-over-year. Flat products generated $38.65B in revenue, accounting 56.60% of the company's total revenue, down -13.69% year-over-year. Long products generated $14.12B in revenue, accounting 20.69% of the company's total revenue, down -19.23% year-over-year. Mining products generated $1.27B in revenue, accounting 1.86% of the company's total revenue, down -8.77% year-over-year. Tubular products generated $2.16B in revenue, accounting 3.16% of the company's total revenue, down -19.49% year-over-year.
What is ArcelorMittal’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of ArcelorMittal was Flat products. This segment made a revenue of $38.65B, representing 56.60% of the company's total revenue.