MT

ArcelorMittal
D

MT

Arincen53/100B

If you had invested in ArcelorMittal ago, it would be worth $3,352 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

53/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

ArcelorMittal key facts

Style
Growth stock · 7.7/10Growth 7.7 · Value 1.0 · Dividend 2.8
Day range
62.680 – 63.950
52-week range
38.670 – 79.680
Market capitalization
47.32B USD
P/E
45.81
PEG ratio
1.51
EPS
1.37
Div Yield
0.96%
EPS growth forecast (FY2026)
-22.1%
Volume
7,193
Beta
1.74
ESG score
63.1/100Environment 78 · Social 55 · Governance 56
Sector
Basic Materials
Industry
Steel
CEO
Aditya Mittal
Employees
126K
IPO date
7 Aug 1997

ArcelorMittal earnings

Next earnings · Q4 FY2026
EPS estimate
1.25 USD
Revenue estimate
17.68B USD
Last quarter · Q3 FY2026
EPS1.15Beat +43.7%Revenue16.47BMissed -7.3%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q4 FY20261.25——+45.35%17.68B——+18.07%
Q3 FY20260.801.15+43.75%+85.48%17.77B16.47B-7.32%+5.17%
Q2 FY20261.180.89-24.58%-32.58%17.30B16.76B-3.12%+5.24%
Q1 FY20260.720.75+4.17%-27.88%17.04B15.46B-9.31%+4.45%
Q4 FY20250.560.86+53.57%+65.38%16.21B14.97B-7.64%+1.75%
Q3 FY20250.580.62+6.90%-1.59%15.60B15.66B+0.39%+3.03%
Q2 FY20251.331.32-0.75%+109.52%15.88B15.93B+0.31%-1.99%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

ArcelorMittal analyst forecast

12-month price target
74.33 USD
+18.44%

Analysts' 1-year price targets range from 62.00 to 82.00, with an average of 74.33.

Past year
1-year forecast
Strong sellStrong buy
Buy
5 ratings
Buy
3
Hold
2
Sell
0

12-month price target

Highest target82.00
Average target74.33
Lowest target62.00
Current price62.76

ArcelorMittal valuation

Price to earnings ratio (TTM)
45.81
Forward P/E (FY2026)
20.99
Price to sales (TTM)
0.74
Price to book
0.87
EV / EBITDA (TTM)
7.84

Capital structure

Market capitalization
47.32B USD
+
Total debt
13.57B USD
−
Cash and short-term investments
3.19B USD
=
Enterprise value
57.70B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2027 (est.)8.98————
FY2026 (est.)20.998.98———
Now (TTM)45.819.710.740.877.84
FY202511.0315.250.570.647.23
FY202413.615.540.290.373.86
FY202326.0510.110.350.444.63
FY20222.5710.150.300.451.84
FY20212.352.240.460.722.06

ArcelorMittal against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Nucor, Steel Dynamics, Reliance Steel & Aluminum, Carpenter Technology, Commercial Metals, and Cleveland-Cliffs, the US Steel companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median45.8
    1.248.3
  • Gross marginAt its median9.6%
    8.5%24.9%
    Against its peers: 6 of 7Peers' median 15.8%
  • Operating marginAt its median5.9%
    3.4%22.2%
    Against its peers: 6 of 7Peers' median 8.2%
  • Net marginAt its median5.1%
    1.3%19.5%
    Against its peers: 6 of 7Peers' median 5.9%
  • Return on equityAt its median5.8%
    1.7%30.5%
    Against its peers: 6 of 7Peers' median 11.8%
  • Free cash flow marginBelow its median0.8%
    0.7%9.0%
    Against its peers: 5 of 7Peers' median 3.1%
  • Revenue growthAt its median-1.7%
    -14.5%43.7%
    Against its peers: 6 of 7Peers' median 4.7%
  • EPS growthHighest in 5 years143.2%
    -89.3%143.2%
    Against its peers: 2 of 6Peers' median -10.2%
  • Debt to EBITDAHighest in 5 years2.27×
    0.44×2.27×
    Against its peers: 5 of 6Peers' median 1.69×
  • Current ratioBelow its median1.36
    1.351.66
    Against its peers: 7 of 7Peers' median 3.00

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

ArcelorMittal growth and profitability

Revenue (TTM)
63.66B USD
Net income (TTM)
1.04B USD
Gross margin
32.06%
Operating margin
3.15%
Net margin
1.64%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202561.35B-1.74%3.15B+135.40%9.63%5.91%5.14%5.91B-2.49%
FY202462.44B-8.54%1.34B+45.70%9.27%5.30%2.14%6.06B+4.18%
FY202368.28B-14.49%919.00M-90.12%8.46%3.43%1.35%5.81B-59.15%
FY202279.84B+4.27%9.30B-37.80%17.49%12.87%11.65%14.23B-25.66%
FY202176.57B+43.74%14.96B—24.87%22.17%19.53%19.15B+264.17%

ArcelorMittal revenue breakdown

By product

FY2025
Flat products: 55.5%Long products: 20.3%Other products: 18.6%Tubular products: 3.1%Mining products: 2.5%55.5%Flat products20.3%Long products18.6%Other products3.1%Tubular products2.5%Mining products
SegmentRevenueShare of revenueChange on the year
Flat products34.08B55.5%-3.7%
Long products12.45B20.3%-7.0%
Other products11.43B18.6%+6.4%
Tubular products1.88B3.1%+7.7%
Mining products1.51B2.5%+27.0%

By region

FY2025
Europe: 26.8%Americas: 19.7%United States: 7.6%Brazil: 5.9%Germany: 4.7%Asia and Africa: 4.6%Poland: 3.7%Other Europe: 3.5%France: 3.4%Spain: 3.1%Canada: 2.6%Italy: 2.2%Mexico: 1.9%South Africa: 1.3%Belgium: 1.2%Netherlands: 1.0%China: 1.0%Czechia: 1.0%Other Americas: 0.8%Morocco: 0.8%Argentina: 0.7%Rest of Asia: 0.6%Ukraine: 0.4%Romania: 0.4%India: 0.4%Rest of Africa: 0.3%South Korea: 0.2%26.8%Europe19.7%Americas7.6%United States5.9%Brazil4.7%Germany4.6%Asia and Africa3.7%Poland3.5%Other Europe3.4%France3.1%Spain2.6%Canada2.2%Italy1.9%Mexico1.3%South Africa1.2%Belgium1.0%Netherlands
RegionRevenueShare of revenueChange on the year
Europe32.21B26.8%-1.7%
Americas23.64B19.7%-2.7%
United States9.18B7.6%—
Brazil7.12B5.9%—
Germany5.70B4.7%—
Asia and Africa5.50B4.6%+2.6%
Poland4.41B3.7%—
Other Europe4.25B3.5%—
France4.05B3.4%—
Spain3.72B3.1%—
Canada3.16B2.6%—
Italy2.66B2.2%—
Mexico2.31B1.9%—
South Africa1.57B1.3%—
Belgium1.47B1.2%—
Netherlands1.22B1.0%—
China1.17B1.0%—
Czechia1.15B1.0%—
Other Americas964.00M0.8%—
Morocco955.00M0.8%—
Argentina897.00M0.7%—
Rest of Asia745.00M0.6%—
Ukraine500.00M0.4%—
Romania483.00M0.4%—
India435.00M0.4%—
Rest of Africa370.00M0.3%—
South Korea261.00M0.2%—

How ArcelorMittal makes its money

Flat products34.08B 55.5%
Long products12.45B 20.3%
Other products11.43B 18.6%
Tubular products1.88B 3.1%
Mining products1.51B 2.5%
Revenue61.35B 100.0%
Cost of revenue55.45B 90.4%
Gross profit5.91B 9.6%
Other operating expenses2.28B 3.7%
Operating income3.63B 5.9%
Tax359.00M 0.6%
Other expense117.00M 0.2%
Net income3.15B 5.1%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

ArcelorMittal dividends

Annual dividend
0.60 USD
Dividend yield (indicated)
0.96%
Payout ratio
43.80%
Years of dividend growth
3
Frequency
Quarterly
Next payment
0.15 USD
Last ex-dividend date
13 Nov 2026
Next payment date
2 Dec 2026

Dividends per share

Year2025202420232022202120192018201520142013
Dividends per share0.550.500.410.320.300.200.100.460.460.60

ArcelorMittal financial health

Cash and short-term investments
3.19B USD
Total debt
13.57B USD
Net cash
-10.37B USD
Free cash flow (TTM)
-1.84B USD
Current ratio
1.41
Debt to equity
0.25
Piotroski score
8 / 9
Altman Z-score
1.57

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20255.39B13.41B471.00M
FY20246.40B11.56B447.00M
FY20237.69B10.68B3.03B
FY20229.30B11.65B6.74B
FY20214.22B8.40B6.90B

ArcelorMittal ownership

Institutions
4.92%
Institutional holders
348 (+19)
Free float
100.00%

Who owns the shares

Institutions 4.9% Others 95.1%
As of 30 Jun 2026

Shares free to trade

Free float 754.04M shares ·100.0% Closely held 0.00 shares ·0.0%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025763.00M766.00M-3.16%
FY2024788.00M791.00M-6.39%
FY2023842.00M845.00M-7.55%
FY2022911.00M914.00M-17.51%
FY20211.11B1.11B-2.81%

Source: Financial Modeling Prep

Related Instruments

Title: ArcelorMittal

Sector: Basic Materials
Industry: Steel
ArcelorMittal SA is an integrated steel and mining company. The company's reportable operating segments include North America, Brazil, Europe, India and JVs, Sustainable Solutions, and Mining. It generates maximum revenue from the Europe segment. The Europe segment produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. These products are sold to customers in the automotive, general, and packaging sectors, as well as producing long products consisting of sections, wire rods, rebar, billets, blooms and wire drawing, and tubular products. Geographically, it derives a majority of its revenue from the United States, followed by Brazil, Canada, Mexico, Argentina, and other markets.

Common questions about ArcelorMittal stock