ArcelorMittal (MT)

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 products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrate, pellets, and sinter feeds; and coking coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, and distributors. The company operates iron ore mining activities in Brazil, Bosnia, Liberia, Mexico, South Africa, and Ukraine, as well as in India and in Canada. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg, Luxembourg.

Ticker: MT
Exchange: NYSE
Sector: Basic Materials
Industry: Steel
Market cap: $45.87B
52-week range: $37.52 - $79.68

Valuation

Share price: $60.98 (close of Nov 6, 2026)
P/E (TTM): 44.51x
Price to book: 0.82x
Price to free cash flow: -628.42x
Enterprise value: $56.25B
Book value per share: $74.51

Price performance

Period	Change
1 day	+0.93%
5 days	+1.96%
1 month	-6.46%
3 months	-16.72%
6 months	-3.34%
Year to date	+33.82%
1 year	+61.07%
3 years	+160.49%
5 years	+87.80%
10 years	+211.28%
All time	-1.50%

Short interest

As of: Oct 15, 2026
Short % of float: 0.34%
Shares short: 1.42M
Days to cover: 0.92
Change since prior report: +52.10%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 5.58%
Return on invested capital: 4.67%
Return on assets: 3.23%
Return on capital employed: 4.83%
Gross margin: 7.13%
Net margin: 5.14%
EBITDA margin: 10.71%
Revenue growth: -1.74%
Net income growth: 135.40%
Free cash flow growth: 5.37%

Cash flow and balance sheet

Free cash flow yield (TTM): -0.16%
Current ratio: 1.41x
Net debt to EBITDA: 1.85x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $61.35B
Cost of revenue: $56.98B
Gross profit: $4.38B
EBITDA: $6.57B
Net income: $3.15B
Earnings per share: $4.13
Research and development: $335.00M
Shares outstanding: 763.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$61.35B	$4.38B	$3.15B	$4.13
2024-12-31	$62.44B	$5.79B	$1.34B	$1.70
2023-12-31	$68.28B	$4.74B	$919.00M	$1.09
2022-12-31	$79.84B	$12.54B	$9.30B	$10.21
2021-12-31	$76.57B	$19.23B	$14.96B	$13.53
2020-12-31	$53.27B	$4.13B	-$733.00M	-$0.64
2019-12-31	$70.61B	$1.73B	-$2.45B	-$2.42
2018-12-31	$76.03B	$9.01B	$5.15B	$5.07
2017-12-31	$68.68B	$7.80B	$4.57B	$4.48
2016-12-31	$56.79B	$6.36B	$1.78B	$1.87

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	7.13%	5.14%	5.58%	4.67%
2024-12-31	9.27%	2.14%	2.61%	2.82%
2023-12-31	6.94%	1.35%	1.64%	3.15%
2022-12-31	15.70%	11.65%	16.73%	12.72%
2021-12-31	25.12%	19.53%	29.13%	24.30%
2020-12-31	7.76%	-1.38%	-1.82%	2.01%
2019-12-31	2.45%	-3.48%	-6.06%	-1.14%
2018-12-31	11.85%	6.77%	11.67%	11.55%
2017-12-31	11.36%	6.65%	11.18%	9.31%
2016-12-31	11.20%	3.13%	5.50%	7.09%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$5.39B	$10.67B
2024-12-31	$6.40B	$8.81B
2023-12-31	$7.69B	$8.37B
2022-12-31	$9.30B	$9.07B
2021-12-31	$4.21B	$6.49B
2020-12-31	$5.60B	$9.81B
2019-12-31	$4.87B	$11.47B
2018-12-31	$2.17B	$9.32B
2017-12-31	$2.57B	$10.14B
2016-12-31	$2.50B	$11.79B

Free cash flow by year

Period end	Free cash flow
2025-12-31	$471.00M
2024-12-31	$447.00M
2023-12-31	$3.03B
2022-12-31	$6.74B
2021-12-31	$6.90B
2020-12-31	$1.64B
2019-12-31	$2.44B
2018-12-31	$891.00M
2017-12-31	$1.74B
2016-12-31	$264.00M

Dividend history

Most recent payment: Aug 7, 2026
Paid in the last twelve months: $0.72

Payment date	Dividend per share
2026-08-07	$0.15
2026-05-13	$0.15
2026-02-20	$0.15
2025-11-13	$0.28
2025-05-16	$0.28
2024-11-12	$0.25
2024-05-16	$0.25
2023-11-13	$0.22

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-05	Sep 2026	$0.80
2026-07-30	Jun 2026	$1.18
2026-04-30	Mar 2026	$0.72
2026-02-05	Dec 2025	$0.56
2025-11-06	Sep 2025	$0.58
2025-07-31	Jun 2025	$1.33
2025-04-30	Mar 2025	$0.71
2025-02-06	Dec 2024	$0.41

Filings and sources

Company website: corporate.arcelormittal.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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