MT Q2 2024 Earnings — ArcelorMittal S.A. Revenue & Financial Results | Market Cap Arena

MTArcelorMittal S.A.

$44B

Q2 2024 Earnings

Basic Materials Steel

Income Statement

Revenue

$16.2B-12.7% YoY

Gross Profit

$16.2B100.0% margin

Operating Income

$1.0B6.4% margin

Net Income

$504M3.1% margin

EPS (Diluted)

$0.63

QoQ Revenue Growth

-0.2%

Cash Flow

Operating Cash Flow

$973M

Free Cash Flow

-$1.2B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$90.8B

Total Liabilities

$36.5B

Stockholders' Equity

$52.2B

Cash & Equivalents

$5.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$16.2B	$18.6B	-12.7%
Gross Profit	$16.2B	$17.9B	-9.4%
Operating Income	$1.0B	$1.9B	-45.7%
Net Income	$504M	$1.9B	-72.9%