ArcelorMittal MT
NYSE MT
$72.20 +1.09 (+1.53%)
At close: Aug 21, 2026 · 4:00 PM EDT

ArcelorMittal (MT) Depreciation and Depletion (2009 - 2024)

ArcelorMittal (MT) posted quarterly Depreciation and Depletion of $635.0 million for Q2 2024, down 6.62% year-over-year from $680.0 million in Q3 2023, and down 1.09% on a QoQ basis from $642.0 million in Q1 2024.

ArcelorMittal (MT) Depreciation and Depletion (2009 - 2024) Analysis & Trends

ArcelorMittal has reported Depreciation and Depletion for 16 years, with the latest figure at $635.0 million in Q2 2024.

  • Depreciation and Depletion for Q2 2024 came in at $635.0 million, down 6.62% year-over-year; the trailing twelve-month figure through Jun 2024 was $2.6 billion (down 26.61% YoY), and the FY2023 annual result was $2.8 billion, down 22.71% from the prior year.
  • Depreciation and Depletion retreated to $635.0 million in Q2 2024, from $642.0 million in the prior quarter.
  • Over five years, Depreciation and Depletion peaked at $1.8 billion in Q3 2021 and troughed at $620.0 million in Q2 2021.
  • A 5-year average of $827.9 million and a median of $665.5 million in 2022 frame the typical range for Depreciation and Depletion.
  • The largest YoY upside for Depreciation and Depletion was 7.9% in 2022 against a maximum downside of 65.32% in 2022.
  • A 5-year view of Depreciation and Depletion shows it stood at $739.0 million in 2020, then jumped by 145.06% to $1.8 billion in 2021, then fell by 8.23% to $1.7 billion in 2022, then sank by 57.7% to $703.0 million in 2023, then dropped by 9.67% to $635.0 million in 2024.
  • Per Business Quant data, the three most recent Depreciation and Depletion figures were $635.0 million in Q2 2024, $642.0 million in Q1 2024, and $703.0 million in Q4 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Depreciation and Depletion (Qtr)
1 Ternium 108.84 Bn 98.95 Bn 941.02 Mn 429.23 Bn
2 Nucor 55.75 Bn 53.05 Bn 2.03 Bn -
3 ArcelorMittal 54.97 Bn 50.12 Bn - -
4 Steel Dynamics 32.99 Bn 32.40 Bn 958.97 Mn -
5 Reliance 19.82 Bn 19.59 Bn 1.30 Bn -
6 Cleveland-Cliffs 6.46 Bn 6.39 Bn 132.00 Mn -
7 Gerdau 5.42 Bn 4.28 Bn 558.98 Mn -
8 GRUPO SIMEC, S.A.B. de C.V 4.53 Bn 2.97 Bn - -
9 Posco Holdings 4.32 Bn 1.83 Bn 1.04 Bn 3.78 Mn
10 Worthington Steel 1.74 Bn 1.66 Bn 118.80 Mn -

Historic Data

Download Data
DateValue
Jun 30, 2024 635.00 Mn
Jun 30, 2024 635.00 Mn
Mar 31, 2024 642.00 Mn
Mar 31, 2024 642.00 Mn
Dec 31, 2023 703.00 Mn
Dec 31, 2023 703.00 Mn
Sep 30, 2023 662.00 Mn
Sep 30, 2023 662.00 Mn
Jun 30, 2023 680.00 Mn
Jun 30, 2023 680.00 Mn
Mar 31, 2023 630.00 Mn
Mar 31, 2023 630.00 Mn
Dec 31, 2022 1.66 Bn
Dec 31, 2022 1.66 Bn
Sep 30, 2022 628.00 Mn
Sep 30, 2022 628.00 Mn
Jun 30, 2022 669.00 Mn
Jun 30, 2022 669.00 Mn
Mar 31, 2022 647.00 Mn
Mar 31, 2022 647.00 Mn