ArcelorMittal (MT) Operating Income (2009 - 2024)
ArcelorMittal (MT) posted quarterly Operating Income of $1.0 billion for Q2 2024, down 45.66% year-over-year from $1.9 billion in Q3 2023, and down 2.43% on a QoQ basis from $1.1 billion in Q1 2024.
ArcelorMittal (MT) Operating Income (2009 - 2024) Analysis & Trends
ArcelorMittal has reported Operating Income for 15 years, with the latest figure at $1.0 billion in Q2 2024.
- Operating Income for Q2 2024 came in at $1.0 billion, down 45.66% year-over-year; the trailing twelve-month figure through Jun 2024 was $1.3 billion (down 69.95% YoY), and the FY2025 annual result was $3.6 billion, up 9.61% from the prior year.
- Operating Income eased to $1.0 billion in Q2 2024, from $1.1 billion in the prior quarter.
- Over five years, Operating Income peaked at $4.6 billion in Q4 2021 and troughed at -$2.0 billion in Q4 2023.
- A 5-year average of $1.7 billion and a median of $1.2 billion in 2023 frame the typical range for Operating Income.
- The widest annual swing landed in 2021, when Operating Income surged 1851.78%; it then tumbled 547.06% in 2023.
- A 5-year view of Operating Income shows it stood at $2.0 billion in 2020, then jumped by 128.13% to $4.6 billion in 2021, then sank by 106.71% to -$306.0 million in 2022, then tumbled by 547.06% to -$2.0 billion in 2023, then jumped by 152.83% to $1.0 billion in 2024.
- Per Business Quant data, the three most recent Operating Income figures were $1.0 billion in Q2 2024, $1.1 billion in Q1 2024, and -$2.0 billion in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | 1.37 Bn |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 1.63 Bn |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | - |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 700.48 Mn |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 441.60 Mn |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | -49.00 Mn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | 623.80 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | 143.68 Mn |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | -74.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 1.05 Bn |
| Mar 31, 2024 | 1.07 Bn |
| Dec 31, 2023 | -1.98 Bn |
| Sep 30, 2023 | 1.20 Bn |
| Jun 30, 2023 | 1.93 Bn |
| Mar 31, 2023 | 1.19 Bn |
| Dec 31, 2022 | -306.00 Mn |
| Sep 30, 2022 | 1.65 Bn |
| Jun 30, 2022 | 4.49 Bn |
| Mar 31, 2022 | 4.43 Bn |
| Dec 31, 2021 | 4.56 Bn |
| Jun 30, 2021 | 4.43 Bn |
| Mar 31, 2021 | 2.64 Bn |
| Dec 31, 2020 | 2.00 Bn |
| Sep 30, 2020 | 718.00 Mn |
| Jun 30, 2020 | -253.00 Mn |
| Mar 31, 2020 | -353.00 Mn |
| Dec 31, 2019 | -1.54 Bn |
| Sep 30, 2019 | 297.00 Mn |
| Jun 30, 2019 | -158.00 Mn |