ArcelorMittal SA ADR (MT) revenue breakdown
By segment, Europe is the largest at 44% of fiscal 2025 revenue; Brazil grew fastest, 6% a year over 9 years.
By product, Flat products is the largest at 56% of fiscal 2025 revenue; Others grew fastest, 4% a year over 9 years.
Revenue by segment
Fiscal years, as ArcelorMittal SA ADR reports them in its 10-K filings; fiscal 2025 total $58.0B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Europe | $29.0B | $35.8B | $40.2B | $37.5B | $28.0B | $43.2B | $34.8B | $28.0B | $26.5B | $25.6B | 44% |
| North America | $15.8B | $17.9B | $20.1B | $18.6B | $13.4B | $12.5B | $13.7B | $12.9B | $11.8B | $12.3B | 21% |
| Brazil | $5.5B | $6.6B | $7.0B | $7.0B | $5.6B | $10.8B | $11.9B | $11.2B | $10.5B | $9.5B | 16% |
| Sustainable Solutions | — | — | — | — | — | — | $12.2B | $9.9B | $9.1B | $9.3B | 16% |
| Mining | $781M | $985M | $1.0B | $981M | $1.2B | $1.6B | $1.3B | $1.2B | $982M | $1.4B | 2% |
| All other segments | — | — | $85M | $71M | $11M | $17M | — | — | — | — | — |
Revenue by product
Fiscal years, as ArcelorMittal SA ADR reports them in its 10-K filings; fiscal 2025 total $61.4B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Flat products | $34.2B | $43.1B | $46.7B | $43.6B | $31.6B | $41.9B | $44.8B | $38.6B | $35.4B | $34.1B | 56% |
| Long products | $12.1B | $13.7B | $15.8B | $13.7B | $11.1B | $18.1B | $17.5B | $14.1B | $13.4B | $12.5B | 20% |
| Others | $8.2B | $9.1B | $10.4B | $10.1B | $7.8B | $12.5B | $13.5B | $12.1B | $10.7B | $11.4B | 19% |
| Tubular products | $1.5B | $1.8B | $2.2B | $2.0B | $1.3B | $2.2B | $2.7B | $2.2B | $1.7B | $1.9B | 3% |
| Mining products | $781M | $985M | $1.0B | $1.2B | $1.5B | $1.9B | $1.4B | $1.3B | $1.2B | $1.5B | 2% |
Revenue by region
Fiscal years, as ArcelorMittal SA ADR reports them in its 10-K filings; fiscal 2025 total $61.4B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | — | — | — | — | — | $7.3B | $8.8B | $8.9B | $8.4B | $9.2B | 15% |
| Brazil | — | — | — | — | — | $8.2B | $8.7B | $8.2B | $7.6B | $7.1B | 12% |
| Germany | — | — | — | — | — | $6.5B | $7.8B | $6.5B | $5.8B | $5.7B | 9% |
| Poland | — | — | — | — | — | $5.3B | $5.9B | $4.5B | $4.4B | $4.4B | 7% |
| Other Europe | — | — | — | — | — | $5.0B | $6.3B | $4.6B | $4.3B | $4.2B | 7% |
| France | — | — | — | — | — | $4.9B | $5.7B | $4.6B | $4.2B | $4.1B | 7% |
| Spain | — | — | — | — | — | $4.2B | $4.7B | $4.0B | $3.8B | $3.7B | 6% |
| Canada | — | — | — | — | — | $4.3B | $4.2B | $3.5B | $3.4B | $3.2B | 5% |
| Italy | — | — | — | — | — | $5.4B | $4.0B | $2.6B | $2.8B | $2.7B | 4% |
| Mexico | — | — | — | — | — | $2.4B | $2.9B | $3.3B | $2.8B | $2.3B | 4% |
| United Kingdom | — | — | — | — | — | $1.5B | $1.6B | $1.3B | $1.5B | $1.6B | 3% |
| South Africa | — | — | — | — | — | $2.4B | $2.3B | $1.9B | $1.8B | $1.6B | 3% |
| Belgium | — | — | — | — | — | $1.8B | $2.1B | $2.1B | $1.7B | $1.5B | 2% |
| Netherlands | — | — | — | — | — | $1.6B | $1.8B | $1.4B | $1.3B | $1.2B | 2% |
| China | — | — | — | — | — | $943M | $765M | $764M | $762M | $1.2B | 2% |
| Czech Republic | — | — | — | — | — | $1.4B | $1.4B | $1.2B | $1.2B | $1.1B | 2% |
| Other Americas | — | — | — | — | — | $1.8B | $1.5B | $1.1B | $1.0B | $964M | 2% |
| Turkey | — | — | — | — | — | $1.5B | $1.2B | $1.1B | $929M | $957M | 2% |
| Morocco | — | — | — | — | — | $689M | $806M | $745M | $808M | $955M | 2% |
| Argentina | — | — | — | — | — | $1.4B | $1.9B | $1.2B | $1.1B | $897M | 1% |
| Rest of Asia | — | — | — | — | — | $2.3B | $1.8B | $1.3B | $1.0B | $745M | 1% |
| Ukraine | — | — | — | — | — | $948M | $464M | $508M | $557M | $572M | 1% |
| Romania | — | — | — | — | — | $443M | $461M | $386M | $403M | $483M | 1% |
| India | — | — | — | — | — | $142M | $131M | $102M | $128M | $435M | 1% |
| Rest of Africa | — | — | — | — | — | $1.1B | $499M | $524M | $572M | $370M | 1% |
| South Korea | — | — | — | — | — | $608M | $383M | $410M | $337M | $261M | 0% |
| Russia | — | — | — | — | — | — | — | $901M | — | — | — |
| Kazakstan | — | — | — | — | — | — | — | $503M | — | — | — |
| Total Europe | — | — | $38.3B | $35.4B | $26.3B | — | — | — | — | — | — |
| Total Americas | — | — | $29.1B | $27.3B | $20.2B | — | — | — | — | — | — |
| United States | — | $14.4B | — | — | — | — | — | — | — | — | — |
| United States | $12.3B | — | — | — | — | — | — | — | — | — | — |
| Total Asia & Africa | — | — | $8.7B | $8.0B | $6.8B | — | — | — | — | — | — |
| Germany | — | $5.9B | — | — | — | — | — | — | — | — | — |
| Other Europe | — | $4.9B | — | — | — | — | — | — | — | — | — |
| Germany | $4.8B | — | — | — | — | — | — | — | — | — | — |
| Brazil | — | $4.1B | — | — | — | — | — | — | — | — | — |
| France | — | $4.1B | — | — | — | — | — | — | — | — | — |
| Other Europe | $3.9B | — | — | — | — | — | — | — | — | — | — |
| Spain | — | $3.8B | — | — | — | — | — | — | — | — | — |
| Poland | — | $3.7B | — | — | — | — | — | — | — | — | — |
| France | $3.7B | — | — | — | — | — | — | — | — | — | — |
| Brazil | $3.5B | — | — | — | — | — | — | — | — | — | — |
| Canada | — | $3.0B | — | — | — | — | — | — | — | — | — |
| Spain | $3.0B | — | — | — | — | — | — | — | — | — | — |
| Poland | $3.0B | — | — | — | — | — | — | — | — | — | — |
| Canada | $2.8B | — | — | — | — | — | — | — | — | — | — |
| Rest of Asia | — | $2.8B | — | — | — | — | — | — | — | — | — |
| Italy | — | $2.7B | — | — | — | — | — | — | — | — | — |
| South Africa | — | $2.6B | — | — | — | — | — | — | — | — | — |
| Mexico | — | $2.3B | — | — | — | — | — | — | — | — | — |
| Rest of Asia | $2.1B | — | — | — | — | — | — | — | — | — | — |
| Italy | $2.1B | — | — | — | — | — | — | — | — | — | — |
| South Africa | $2.0B | — | — | — | — | — | — | — | — | — | — |
| Turkey | — | $1.9B | — | — | — | — | — | — | — | — | — |
| Mexico | $1.8B | — | — | — | — | — | — | — | — | — | — |
| Turkey | $1.8B | — | — | — | — | — | — | — | — | — | — |
| Czech Republic | — | $1.4B | — | — | — | — | — | — | — | — | — |
| United Kingdom | — | $1.4B | — | — | — | — | — | — | — | — | — |
| Argentina | — | $1.2B | — | — | — | — | — | — | — | — | — |
| Russia | — | $1.2B | — | — | — | — | — | — | — | — | — |
| United Kingdom | $1.2B | — | — | — | — | — | — | — | — | — | — |
| Belgium | — | $1.1B | — | — | — | — | — | — | — | — | — |
| Netherlands | — | $1.1B | — | — | — | — | — | — | — | — | — |
| Czech Republic | $1.1B | — | — | — | — | — | — | — | — | — | — |
| Rest of Africa | — | $1.0B | — | — | — | — | — | — | — | — | — |
| Netherlands | $1.0B | — | — | — | — | — | — | — | — | — | — |
| Other Americas | — | $1.0B | — | — | — | — | — | — | — | — | — |
| Russia | — | — | — | — | — | $1.6B | $996M | — | — | — | — |
| Other Americas | $935M | — | — | — | — | — | — | — | — | — | — |
| Belgium | $929M | — | — | — | — | — | — | — | — | — | — |
| Argentina | $858M | — | — | — | — | — | — | — | — | — | — |
| Russia | $688M | — | — | — | — | — | — | — | — | — | — |
| Rest of Africa | $658M | — | — | — | — | — | — | — | — | — | — |
| Kazakstan | — | — | — | — | — | $747M | $625M | — | — | — | — |
| China | — | $622M | — | — | — | — | — | — | — | — | — |
| Romania | — | $621M | — | — | — | — | — | — | — | — | — |
| Morocco | — | $596M | — | — | — | — | — | — | — | — | — |
| China | $549M | — | — | — | — | — | — | — | — | — | — |
| Romania | $526M | — | — | — | — | — | — | — | — | — | — |
| Egypt | $499M | — | — | — | — | — | — | — | — | — | — |
| Morocco | $498M | — | — | — | — | — | — | — | — | — | — |
| Kazakhstan | — | $392M | — | — | — | — | — | — | — | — | — |
| Kazakhstan | $350M | — | — | — | — | — | — | — | — | — | — |
| Egypt | — | $310M | — | — | — | — | — | — | — | — | — |
| South Korea | — | $259M | — | — | — | — | — | — | — | — | — |
| South Korea | $184M | — | — | — | — | — | — | — | — | — | — |
| India | — | $163M | — | — | — | — | — | — | — | — | — |
| Luxembourg | — | $111M | — | — | — | — | — | — | — | — | — |
| Luxembourg | $88M | — | — | — | — | — | — | — | — | — | — |
| India | $85M | — | — | — | — | — | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for MT.
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Where does ArcelorMittal SA ADR make its money?
In fiscal 2025, by segment: Europe $25.6B, North America $12.3B, Brazil $9.5B, Sustainable Solutions $9.3B, Mining $1.4B.
From ArcelorMittal SA ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.