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.
- Symbol
- MT
- Exchange
- NYSE
- Sector
- Basic Materials
- Industry
- Steel
- Market cap
- $56.16B
- 52 week range
- 35.61 - 79.68
Valuation
- Share price
- $71.92 (close of 2026-09-23)
- P/E (TTM)
- 17.86x
- Price to book
- 0.99x
- Price to free cash flow
- 119.23x
- Enterprise value
- $64.17B
- Book value per share
- $74.28
Price performance
| Period | Change |
|---|
| 1 day | -0.85% |
| 5 days | -1.88% |
| 1 month | -0.39% |
| 3 months | +13.62% |
| 6 months | +39.24% |
| Year to date | +57.82% |
| 1 year | +100.11% |
| 3 years | +191.06% |
| 5 years | +136.66% |
| 10 years | +295.60% |
| All time | +16.17% |
Profitability and growth
- Return on equity
- 5.58%
- Return on invested capital
- 5.06%
- 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)
- 0.84%
- Current ratio
- 1.36x
- Net debt to EBITDA
- 1.13x
Latest reported year
- Period end
- 2025-12-31
- 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% | 5.06% |
| 2024-12-31 | 9.27% | 2.14% | 2.61% | 3.14% |
| 2023-12-31 | 6.94% | 1.35% | 1.64% | 3.56% |
| 2022-12-31 | 15.70% | 11.65% | 16.73% | 14.77% |
| 2021-12-31 | 25.12% | 19.53% | 29.13% | 26.57% |
| 2020-12-31 | 7.76% | -1.38% | -1.82% | 2.33% |
| 2019-12-31 | 2.45% | -3.48% | -6.06% | -1.30% |
| 2018-12-31 | 11.85% | 6.77% | 11.67% | 12.47% |
| 2017-12-31 | 11.36% | 6.65% | 11.18% | 10.13% |
| 2016-12-31 | 11.20% | 3.13% | 5.50% | 7.50% |
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
- 2026-08-07
- 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
Next earnings report
- Next confirmed report
- 2026-11-05
- Consensus EPS estimate
- $1.25
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-30 | Jun/2026 | $1.18 |
| 2026-04-30 | - | - |
| 2026-02-05 | - | - |
| 2025-11-06 | - | - |
| 2025-07-31 | - | - |
| 2025-04-30 | - | - |
| 2025-02-06 | - | - |
| 2024-11-07 | - | - |
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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