ArcelorMittal SA (MT) - Net Assets

Latest as of September 2025: €56.68 Billion EUR ≈ $66.26 Billion USD

Based on the latest financial reports, ArcelorMittal SA (MT) has net assets worth €56.68 Billion EUR (≈ $66.26 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€98.77 Billion ≈ $115.47 Billion USD) and total liabilities (€42.09 Billion ≈ $49.21 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore ArcelorMittal SA operating cash flow efficiency to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric Value
Current Net Assets €56.68 Billion
% of Total Assets 57.39%
Annual Growth Rate 11.1%
5-Year Change 10.13%
10-Year Change 74.92%
Growth Volatility 927.3

ArcelorMittal SA - Net Assets Trend (1997–2025)

This chart illustrates how ArcelorMittal SA's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see ArcelorMittal SA (MT) market capitalisation.

Annual Net Assets for ArcelorMittal SA (1997–2025)

The table below shows the annual net assets of ArcelorMittal SA from 1997 to 2025. Read total liabilities of ArcelorMittal SA for a breakdown of total debt and financial obligations.

Year Net Assets Change
2025-12-31 €56.54 Billion
≈ $66.10 Billion		 +10.25%
2024-12-31 €51.29 Billion
≈ $59.96 Billion		 -8.53%
2023-12-31 €56.07 Billion
≈ $65.55 Billion		 +0.86%
2022-12-31 €55.59 Billion
≈ $64.99 Billion		 +8.27%
2021-12-31 €51.34 Billion
≈ $60.03 Billion		 +27.60%
2020-12-31 €40.24 Billion
≈ $47.04 Billion		 -0.61%
2019-12-31 €40.48 Billion
≈ $47.33 Billion		 -8.22%
2018-12-31 €44.11 Billion
≈ $51.57 Billion		 +7.96%
2017-12-31 €40.85 Billion
≈ $47.76 Billion		 +26.39%
2016-12-31 €32.33 Billion
≈ $37.79 Billion		 +17.25%
2015-12-31 €27.57 Billion
≈ $32.23 Billion		 -38.95%
2014-12-31 €45.16 Billion
≈ $52.80 Billion		 -15.07%
2013-12-31 €53.17 Billion
≈ $62.16 Billion		 -3.67%
2012-12-31 €55.20 Billion
≈ $64.53 Billion		 -8.73%
2011-12-31 €60.48 Billion
≈ $70.70 Billion		 -8.51%
2010-12-31 €66.10 Billion
≈ $77.28 Billion		 +1.07%
2009-12-31 €65.40 Billion
≈ $76.46 Billion		 +10.41%
2008-12-31 €59.23 Billion
≈ $69.25 Billion		 -3.75%
2007-12-31 €61.53 Billion
≈ $71.94 Billion		 +22.60%
2006-12-31 €50.19 Billion
≈ $58.68 Billion		 +318.82%
2005-12-31 €11.98 Billion
≈ $14.01 Billion		 +57.91%
2004-12-31 €7.59 Billion
≈ $8.87 Billion		 +4993.29%
2003-12-31 €149.00 Million
≈ $174.20 Million		 +16.41%
2002-12-31 €128.00 Million
≈ $149.65 Million		 -62.13%
2001-12-31 €338.00 Million
≈ $395.16 Million		 -61.76%
2000-12-31 €884.00 Million
≈ $1.03 Billion		 +3.51%
1999-12-31 €854.00 Million
≈ $998.42 Million		 +6.62%
1998-12-31 €801.00 Million
≈ $936.45 Million		 -73.03%
1997-12-31 €2.97 Billion
≈ $3.47 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to ArcelorMittal SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Other Components €54.47 Billion 100.00%
Total Equity €54.47 Billion 100.00%

ArcelorMittal SA Competitors by Market Cap

The table below lists competitors of ArcelorMittal SA ranked by their market capitalization.

Company Market Cap
Ventas Inc
NYSE:VTR
 $39.72 Billion
Ferrovial S.A.
MC:FER
 $39.72 Billion
Prudential plc
MX:PUKN
 $39.83 Billion
Banco BTG Pactual S.A.
SA:BPAC11
 $39.92 Billion
CTBC Financial Holding Co Ltd Pref
TW:2891B
 $39.68 Billion
Deutsche Börse AG
XETRA:DB1
 $39.66 Billion
Endesa SA
MC:ELE
 $39.62 Billion
EQT AB (publ)
ST:EQT
 $39.61 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in ArcelorMittal SA's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 49,223,000,000 to 54,472,493,000, a change of 5,249,493,000 (10.7%).
  • Net income of 3,280,506,834 contributed positively to equity growth.
  • Dividend payments of 438,164,141 reduced retained earnings.
  • Share repurchases of 272,681,722 reduced equity.
  • Other comprehensive income increased equity by 23,407,000,000.
  • Other factors decreased equity by 20,727,167,971.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income €3.28 Billion +6.02%
Dividends Paid €438.16 Million -0.8%
Share Repurchases €272.68 Million -0.5%
Other Comprehensive Income €23.41 Billion +42.97%
Other Changes €-20.73 Billion -38.05%
Total Change €- 10.66%

Book Value vs Market Value Analysis

This analysis compares ArcelorMittal SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.71x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 0.83x to 0.71x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 €60.59 €50.48 x
1998-12-31 €15.40 €50.48 x
1999-12-31 €16.96 €50.48 x
2000-12-31 €17.56 €50.48 x
2001-12-31 €6.66 €50.48 x
2002-12-31 €2.48 €50.48 x
2003-12-31 €2.92 €50.48 x
2004-12-31 €21.67 €50.48 x
2005-12-31 €35.11 €50.48 x
2006-12-31 €101.53 €50.48 x
2007-12-31 €96.44 €50.48 x
2008-12-31 €94.93 €50.48 x
2009-12-31 €100.62 €50.48 x
2010-12-31 €93.00 €50.48 x
2011-12-31 €83.87 €50.48 x
2012-12-31 €79.54 €50.48 x
2013-12-31 €66.68 €50.48 x
2014-12-31 €54.61 €50.48 x
2015-12-31 €32.74 €50.48 x
2016-12-31 €31.56 €50.48 x
2017-12-31 €37.88 €50.48 x
2018-12-31 €41.22 €50.48 x
2019-12-31 €38.03 €50.48 x
2020-12-31 €33.58 €50.48 x
2021-12-31 €44.32 €50.48 x
2022-12-31 €47.97 €50.48 x
2023-12-31 €63.86 €50.48 x
2024-12-31 €61.76 €50.48 x
2025-12-31 €71.11 €50.48 x

Capital Efficiency Dashboard

This dashboard shows how efficiently ArcelorMittal SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 6.02%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.14%
  • • Asset Turnover: 0.65x
  • • Equity Multiplier: 1.79x
  • Recent ROE (6.02%) is below the historical average (9.19%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 9.73% 13.20% 0.42x 1.76x €-8.00 Million
1998 29.59% 6.79% 0.59x 7.40x €156.90 Million
1999 9.95% 1.82% 0.78x 6.99x €-400.00K
2000 11.20% 1.94% 0.85x 6.76x €10.60 Million
2001 -92.31% -6.95% 0.84x 15.72x €-345.80 Million
2002 38.28% 1.00% 0.89x 43.06x €36.20 Million
2003 44.30% 1.21% 0.97x 37.82x €51.10 Million
2004 80.41% 21.18% 1.16x 3.28x €4.12 Billion
2005 33.15% 11.96% 0.91x 3.06x €2.35 Billion
2006 12.41% 8.88% 0.52x 2.66x €1.01 Billion
2007 18.29% 9.85% 0.79x 2.36x €4.70 Billion
2008 17.03% 7.52% 0.94x 2.41x €3.88 Billion
2009 0.19% 0.18% 0.51x 2.09x €-5.99 Billion
2010 4.67% 3.74% 0.60x 2.10x €-3.33 Billion
2011 3.99% 2.41% 0.77x 2.15x €-3.41 Billion
2012 -7.20% -4.42% 0.74x 2.22x €-8.90 Billion
2013 -5.11% -3.20% 0.71x 2.26x €-7.52 Billion
2014 -2.58% -1.37% 0.80x 2.36x €-5.29 Billion
2015 -31.44% -12.50% 0.83x 3.04x €-10.47 Billion
2016 5.90% 3.13% 0.76x 2.49x €-1.23 Billion
2017 11.78% 6.65% 0.81x 2.20x €689.10 Million
2018 12.23% 6.77% 0.83x 2.17x €940.40 Million
2019 -6.21% -3.39% 0.80x 2.28x €-6.24 Billion
2020 -1.51% -1.09% 0.65x 2.14x €-4.41 Billion
2021 41.72% 26.75% 0.85x 1.84x €15.57 Billion
2022 17.50% 11.65% 0.84x 1.78x €3.99 Billion
2023 1.70% 1.35% 0.73x 1.74x €-4.48 Billion
2024 2.72% 2.14% 0.70x 1.82x €-3.58 Billion
2025 6.02% 5.14% 0.65x 1.79x €-2.17 Billion

Industry Comparison

This section compares ArcelorMittal SA's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $3,392,000,000
  • Average return on equity (ROE) among peers: 18.43%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
ArcelorMittal SA (MT) €56.68 Billion 9.73% 0.74x $39.68 Billion
Aperam SA (APAM) $3.39 Billion 18.43% 0.84x $2.26 Billion

About ArcelorMittal SA

AS:MT Netherlands Steel
Market Cap
$44.92 Billion
€38.42 Billion EUR
Market Cap Rank
#666 Global
#6 in Netherlands
Share Price
€50.48
Change (1 day)
-2.51%
52-Week Range
€25.85 - €56.92
All Time High
€56.92
Categories
Companies in Netherlands Steel
About

ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long p… Read more