Tearsheet

ArcelorMittal (MT)

Market Price (9/15/2025): $34.755 | Market Cap: $26.5 Bil
Sector: Materials | Industry: Steel

ArcelorMittal (MT)

Market Price (9/15/2025): $34.755
Market Cap: $26.5 Bil
Sector: Materials
Industry: Steel

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9%	Trading close to highs Dist 52W High is -0.9%, Dist 3Y High is -0.9%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -2.0%
1	Attractive cash flow generation CFO LTM is 4.9 Bil	Weak multi-year price returns 2Y Excs Rtn is -7.5%, 3Y Excs Rtn is -4.6%
2	Low stock price volatility Vol 12M is 41%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9%
1	Attractive cash flow generation CFO LTM is 4.9 Bil
2	Low stock price volatility Vol 12M is 41%
3	Trading close to highs Dist 52W High is -0.9%, Dist 3Y High is -0.9%
4	Weak multi-year price returns 2Y Excs Rtn is -7.5%, 3Y Excs Rtn is -4.6%
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -2.0%

Market Valuation

	9/15/25	2024	2023	2022	2021
Share Price CYE	$34.76	$22.93	$27.59	$25.02	$29.95
Market Cap CYE ($ Bil)	26.5	17.7	22.8	21.7	30.8
Total Debt ($ Bil)	13.7	11.6	10.7	11.7	8.4
Total Cash ($ Bil)	5.4	6.4	7.7	9.3	4.2
Enterprise Value ($ Bil)	34.9	29.3	33.5	33.4	39.2
Valuation Ratios
P/S TTM	0.4	0.3	0.3	0.3	0.5
P/EBIT TTM	11.5	5.3	12.1	2.0	1.9
P/E TTM	10.6	13.6	26.0	2.6	2.4
Sector Ratios
P/S TTM (Sector)	1.6	1.3	1.4	1.2	1.6
P/EBIT TTM (Sector)	7.2	6.3	6.6	4.7	5.7
P/E TTM (Sector)	4.4	5.5	7.0	4.6	7.3

	9/15/25	2024	2023
Share Price CYE	$34.76	$22.93	$27.59
Market Cap CYE ($ Bil)	26.5	17.7	22.8
Total Debt ($ Bil)	13.7	11.6	10.7
Total Cash ($ Bil)	5.4	6.4	7.7
Enterprise Value ($ Bil)	34.9	29.3	33.5
Valuation Ratios
P/S TTM	0.4	0.3	0.3
P/EBIT TTM	11.5	5.3	12.1
P/E TTM	10.6	13.6	26.0
Sector Ratios
P/S TTM (Sector)	1.6	1.3	1.4
P/EBIT TTM (Sector)	7.2	6.3	6.6
P/E TTM (Sector)	4.4	5.5	7.0

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

ArcelorMittal South Africa Ltd manufactures and sells long and flat steel products. The company operates through Steel Operations, Non-Steel Operations, and Other. It offers flat steel products, including hot rolled plates, and hot and cold rolled coils. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
MT Return	31%	40%	-16%	10%	-17%	52%	113%
Peers Return	10%	56%	22%	44%	10%	23%	306%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: NUE, STLD, CLF, RS, CRS. See MT Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Interactive Breakdown

ArcelorMittal Interactive Breakdown Analysis

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	MT Dip Buy Analysis
2	ArcelorMittal (MT) Valuation Ratios Comparison	Financials
3	ArcelorMittal Total Shareholder Return (TSR): -16.9% in 2024 and -8.5% 3-yr compounded annual returns (below peer average)
4	Why You Shouldn?t Be Buying ArcelorMittal Stock	Buy or Fear
5	ArcelorMittal (MT) Operating Cash Flow Comparison	Financials
6	ArcelorMittal (MT) Net Income Comparison	Financials
7	ArcelorMittal (MT) Operating Income Comparison	Financials
8	ArcelorMittal (MT) Revenue Comparison	Financials
9	Fundamental Metrics: ...
10	Arcelor Mittal (MT) Stock Has 55% Chance Of Rise In The Next One Month	Chance of Rise
11	ARTICLES
12	Buy Or Fear ArcelorMittal Stock?		September 9th, 2025
13	Mid Cap Stocks Trading At 52-Week High		July 12th, 2025
14	Is ArcelorMittal Stock Still A Strong Bet?		June 18th, 2025
15	Why Are ArcelorMittal’s Net Margins So Low?		May 15th, 2025
16	Why Is ArcelorMittal Stock Up 50% In Six Months?		March 10th, 2025

	Title
0	DASHBOARDS
1	Buy Or Fear ArcelorMittal Stock?
2	Mid Cap Stocks Trading At 52-Week High
3	Is ArcelorMittal Stock Still A Strong Bet?
4	Why Are ArcelorMittal’s Net Margins So Low?
5	Why Is ArcelorMittal Stock Up 50% In Six Months?
6	ARTICLES
7	MT Dip Buy Analysis
8	ArcelorMittal (MT) Valuation Ratios Comparison
9	ArcelorMittal Total Shareholder Return (TSR): -16.9% in 2024 and -8.5% 3-yr compounded annual returns (below peer average)
10	Why You Shouldn?t Be Buying ArcelorMittal Stock
11	ArcelorMittal (MT) Operating Cash Flow Comparison
12	ArcelorMittal (MT) Net Income Comparison
13	ArcelorMittal (MT) Operating Income Comparison
14	ArcelorMittal (MT) Revenue Comparison
15	Fundamental Metrics: ...
16	Arcelor Mittal (MT) Stock Has 55% Chance Of Rise In The Next One Month

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11249.2%	11249.2%
2	GIBO	GIBO	7400.0%
3	LNZA	LanzaTech Global	4710.5%	-85.8%
4	CHSN	Chanson International	3717.0%	-99.3%
5	QMMM	QMMM	2669.4%	5698.4%
6	VTAK	Catheter Precision	1332.7%	-71.4%
7	CURX	Curanex Pharmaceuticals	1309.0%	1309.0%
8	OCTO	Eightco	811.9%	562.1%
9	WLDS	Wearable Devices	708.6%	8.0%
10	PTNM	Pitanium	423.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.4%	-100.0%
2	ETS	Elite Express	-92.8%	-92.8%
3	CJET	Chijet Motor	-92.7%	-94.6%
4	ELPW	Elong Power	-91.7%	-75.8%
5	STFS	Star Fashion Culture	-91.4%	-97.8%
6	JEM	707 Cayman	-90.4%	-98.0%
7	FLYE	Fly-E	-90.4%	-82.8%
8	NXTT	Next Technology	-89.3%	-93.8%
9	NUTR	NusaTrip	-87.2%	-87.2%
10	CUPR	Cuprina	-84.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

Peer Comparisons for ArcelorMittal

Financials

	MT	NUE	STLD	CLF	RS	CRS	Median
Name	ArcelorM.	Nucor	Steel Dy.	Clevelan.	Reliance	Carpente.
Mkt Price	34.75	141.35	130.65	11.68	290.72	240.05	136.00
Mkt Cap	26.5	32.6	19.4	5.8	15.3	12.1	17.3
Rev LTM	60,634	30,806	17,148	18,457	13,691	2,877	17,803
Op Inc LTM	1,889	2,143	1,399	-1,588	996	525	1,197
FCF LTM	904	-385	-107	-1,482	832	286	89
FCF 3Y Avg	2,006	3,115	1,251	337	1,192	132	1,222
CFO LTM	4,941	3,130	1,561	-862	1,231	440	1,396
CFO 3Y Avg	6,391	5,842	2,819	1,030	1,613	243	2,216

Growth & Margins

	MT	NUE	STLD	CLF	RS	CRS	Median
Name	ArcelorM.	Nucor	Steel Dy.	Clevelan.	Reliance	Carpente.
Rev Chg LTM	-4.8%	-5.8%	-5.5%	-12.1%	-3.9%	4.3%	-5.2%
Rev Chg 3Y Avg	-10.6%	-10.4%	-8.2%	-7.9%	-6.9%	17.1%	-8.0%
Rev Chg Q	-2.0%	4.7%	-1.5%	-3.1%	0.5%	-5.4%	-1.7%
QoQ Delta Rev Chg LTM	-0.5%	1.2%	-0.4%	-0.8%	0.1%	-1.5%	-0.5%
Op Mgn LTM	3.1%	7.0%	8.2%	-8.6%	7.3%	18.3%	7.1%
Op Mgn 3Y Avg	3.6%	13.9%	14.7%	-1.3%	10.1%	12.1%	11.1%
QoQ Delta Op Mgn LTM	-1.6%	-0.0%	-1.1%	-2.3%	-0.3%	1.2%	-0.7%
CFO/Rev LTM	8.1%	10.2%	9.1%	-4.7%	9.0%	15.3%	9.0%
CFO/Rev 3Y Avg	9.6%	17.0%	14.8%	4.6%	11.0%	8.6%	10.3%
FCF/Rev LTM	1.5%	-1.2%	-0.6%	-8.0%	6.1%	9.9%	0.4%
FCF/Rev 3Y Avg	2.9%	8.7%	6.3%	1.2%	8.1%	4.6%	5.4%

Valuation

	MT	NUE	STLD	CLF	RS	CRS	Median
Name	ArcelorM.	Nucor	Steel Dy.	Clevelan.	Reliance	Carpente.
Mkt Cap	26.5	32.6	19.4	5.8	15.3	12.1	17.3
P/S	0.4	1.1	1.1	0.3	1.1	4.2	1.1
P/EBIT	11.5	15.0	14.0	-3.6	13.8	22.7	13.9
P/E	10.6	25.2	18.6	-3.5	20.7	32.0	19.7
P/CFO	5.4	10.4	12.4	-6.7	12.4	27.4	11.4
Total Yield	9.4%	5.6%	6.8%	-28.8%	5.7%	3.5%	5.6%
Dividend Yield	0.0%	1.6%	1.5%	0.0%	0.8%	0.3%	0.6%
FCF Yield 3Y Avg	8.9%	7.7%	6.7%	-2.5%	7.4%	0.9%	7.0%
D/E	0.5	0.2	0.2	1.3	0.1	0.1	0.2
Net D/E	0.3	0.1	0.2	1.3	0.1	0.0	0.2

Returns

	MT	NUE	STLD	CLF	RS	CRS	Median
Name	ArcelorM.	Nucor	Steel Dy.	Clevelan.	Reliance	Carpente.
1M Rtn	3.5%	-2.8%	3.3%	12.2%	1.6%	-1.2%	2.5%
3M Rtn	15.3%	16.4%	-1.7%	62.9%	-5.9%	-3.4%	6.8%
6M Rtn	8.8%	7.9%	3.6%	12.4%	3.7%	31.1%	8.4%
12M Rtn	55.8%	0.1%	17.6%	-1.9%	6.3%	69.3%	11.9%
3Y Rtn	66.5%	26.0%	79.4%	-23.3%	71.0%	572.9%	68.7%
1M Excs Rtn	0.4%	-4.9%	-0.7%	8.1%	-2.4%	-5.8%	-1.6%
3M Excs Rtn	4.7%	10.9%	-9.4%	53.8%	-14.7%	-12.2%	-2.4%
6M Excs Rtn	-5.5%	-9.2%	-12.4%	0.8%	-14.2%	17.1%	-7.3%
12M Excs Rtn	43.0%	-16.8%	2.2%	-12.8%	-10.9%	58.3%	-4.3%
3Y Excs Rtn	-4.6%	-56.4%	6.2%	-97.9%	-3.7%	573.2%	-4.2%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		3/10/2025	2/28/2024	3/8/2023	3/11/2022	3/8/2021	3/3/2020
Key Financials
Total Revenue	60,634	62,441	68,275	79,844	76,571	53,270	70,615
Ebitda	5,004	6,057	4,650	14,236	20,905	4,525	1,830
Operating Income	1,889	3,108	2,097	10,221	16,812	1,785	-1,032
Net Income	2,495	1,339	919	9,302	14,956	-733	-2,454
EPS	3.26	1.70	1.09	10.21	13.53	-0.64	-2.42
Growth Rates
Total Revenue Growth	-4.8%	-8.5%	-14.5%	4.3%	43.7%	-24.6%	-7.1%
EBITDA Growth	63.2%	30.3%	-67.3%	-31.9%	362.0%	147.3%	-78.4%
Operating Income Growth	72.0%	48.2%	-79.5%	-39.2%	841.8%	273.0%	-116.7%
Net Income Growth	519.3%	45.7%	-90.1%	-37.8%	2140.4%	70.1%	-147.7%
Margins
EBITDA Margin	8.3%	9.7%	6.8%	17.8%	27.3%	8.5%	2.6%
Operating Income Margin	3.1%	5.0%	3.1%	12.8%	22.0%	3.4%	-1.5%
Net Income Margin	4.1%	2.1%	1.3%	11.7%	19.5%	-1.4%	-3.5%
Cash & Debt
Total Cash	5,358	6,400	7,686	9,300	4,215	5,600	4,867
Total Debt	13,732	11,563	10,681	11,650	8,401	12,322	14,340
Net Debt / (Cash)	8,374	5,163	2,995	2,350	4,186	6,722	9,473
Cash Flows
Net Cash from Operations	4,941	4,852	7,645	10,203	9,905	4,082	6,017
Free Cash from Operations	904	447	3,032	6,735	6,897	1,643	2,445
Returns to Shareholders
Dividends	449	393	369	332	312	181	203
Share Repurchases	672	1,300	1,208	2,937	5,170	500	90

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/1/2025	4/30/2025	3/10/2025	11/7/2024	8/2/2024	5/2/2024	2/28/2024	11/9/2023	7/28/2023	5/4/2023	3/8/2023	11/10/2022
Key Financials Quarterly
Total Revenue	15,926	14,798	14,714	15,196	16,249	16,282	14,552	16,616	18,606	18,501	16,891	18,975
Ebitda	557	1,695	1,448	1,304	1,429	1,876	-2,164	1,926	2,865	2,023	1,088	2,091
Operating Income	74	825	327	663	1,046	1,072	-2,223	1,203	1,925	1,192	-357	1,651
Net Income	1,793	805	-390	287	504	938	-2,966	929	1,860	1,096	261	993
EPS	2.34	1.06	-0.51	0.37	0.63	1.16	-3.57	1.11	2.21	1.28	0.30	1.11
Key Financials TTM
Total Revenue TTM	60,634	60,957	62,441	62,279	63,699	66,056	68,275	70,614	72,973	76,509	79,844	83,759
Ebitda TTM	5,004	5,876	6,057	2,445	3,067	4,503	4,650	7,902	8,067	10,760	14,236	18,690
Operating Income TTM	1,889	2,861	3,108	558	1,098	1,977	2,097	3,963	4,411	6,980	10,221	15,136
Net Income TTM	2,495	1,206	1,339	-1,237	-595	761	919	4,146	4,210	6,273	9,302	13,086
Growth Rates Quarterly
Total Revenue Growth	-2.0%	-9.1%	1.1%	-8.5%	-12.7%	-12.0%	-13.8%	-12.4%	-16.0%	-15.3%	-18.8%	-6.2%
EBITDA Growth	-61.0%	-9.6%	166.9%	-32.3%	-50.1%	-7.3%	-298.9%	-7.9%	-48.5%	-63.2%	-80.4%	-67.2%
Operating Income Growth	-92.9%	-23.0%	114.7%	-44.9%	-45.7%	-10.1%	-522.7%	-27.1%	-57.2%	-73.1%	-107.8%	-69.1%
Net Income Growth	255.8%	-14.2%	86.9%	-69.1%	-72.9%	-14.4%	-1236.4%	-6.4%	-52.6%	-73.4%	-93.5%	-78.5%
Margins Quarterly
EBITDA Margin	3.5%	11.5%	9.8%	8.6%	8.8%	11.5%	-14.9%	11.6%	15.4%	10.9%	6.4%	11.0%
Operating Income Margin	0.5%	5.6%	2.2%	4.4%	6.4%	6.6%	-15.3%	7.2%	10.3%	6.4%	-2.1%	8.7%
Net Income Margin	11.3%	5.4%	-2.7%	1.9%	3.1%	5.8%	-20.4%	5.6%	10.0%	5.9%	1.5%	5.2%
Cash & Debt
Total Cash	5,358	5,319	6,400	5,094	5,838	5,437	7,686	6,289	5,825	6,290	9,300	5,067
Total Debt	13,732	12,047	11,563	11,259	11,127	10,221	10,681	10,543	10,460	11,477	11,650	8,994
Net Debt / (Cash)	8,374	6,728	5,163	6,165	5,289	4,784	2,995	4,254	4,635	5,187	2,350	3,927
Cash Flows Quarterly
FCF from Operations	1,416	-354	2,468	1,411	1,073	-100	3,328	1,281	2,087	949	3,634	1,981
Cash Flows TTM
FCF from Operations TTM	4,941	4,598	4,852	5,712	5,582	6,596	7,645	7,951	8,651	9,118	10,203	10,723
Returns to Shareholders Quarterly
Dividends	256	0	193	0	200	0	184	0	185	0	0	0
Share Repurchases	168	94	133	277	293	597	466	38	227	477	288	649
Return on Invested Capital (ROIC) Quarterly
ROIC	1.9%	5.7%	25.3%	2.2%	32.3%	7.3%	-78.4%	6.3%	58.8%	6.9%	-17.5%	8.8%
Return on Invested Capital (ROIC) TTM
ROIC TTM	10.8%	2.8%	36.6%	0.9%	7.6%	3.4%	17.3%	5.8%	32.2%	11.8%	125.2%	27.3%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Europe	31,695	39,639	43,334	27,989	37,487
Brazil	13,163	13,732	12,856	5,613	6,980
North America	12,978	13,774	12,530	13,438	18,590
Sustainable solutions	11,467	13,658
Others	5,455	6,397	34	11	71
Mining	3,077	3,396	4,045	1,185	981
India and joint ventures (JVs)	0	0
Elimination	-9,560	-10,752	-6,082	0	0
Africa and Commonwealth of Independent States (ACIS)			9,854	5,034	6,506
Total	68,275	79,844	76,571	53,270	70,615

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
North America	1,917	2,818	2,800	1,684	-1,144
Brazil	1,461	2,775	3,798	777	853
Mining	1,144	1,483	2,371	1,247	1,026
Europe	879	3,521	5,672	-1,439	-1,101
Sustainable solutions	225	778
Elimination	91	105	-142	-100	-7
India and joint ventures (JVs)	0	0
Others	-3,377	-1,208	-228	-268	-285
Africa and Commonwealth of Independent States (ACIS)			2,705	209	31
Total	2,340	10,272	16,976	2,110	-627

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$34.75
Market Cap ($ Bil)	26.5
First Trading Date	08/07/1997
Distance from 52W High	-0.9%
	50 Days	200 Days
DMA Price	$33.30	$29.07
DMA Trend	up	up
Distance from DMA	4.4%	19.5%
	3M	1YR
Volatility	31.2%	41.1%
Downside Capture	145.54	70.82
Upside Capture	147.04	103.51
Correlation (SPY)	46.0%	54.0%

MT Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.83	1.22	1.20	1.26	1.14	1.13
Up Beta	0.63	1.03	1.02	1.50	1.38	1.26
Down Beta	1.63	1.26	1.61	1.20	1.16	1.02
Up Capture	94%	137%	111%	115%	100%	125%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	11	20	33	65	123	383
Down Capture	26%	121%	121%	93%	82%	103%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	10	21	29	60	125	366

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	1,939,361
Short Interest: % Change Since 8152025	-28.0%
Average Daily Volume	1,377,519
Days-to-Cover Short Interest	1.41
Basic Shares Quantity	762,000,000
Short % of Basic Shares	0.3%

Returns Analyses

	Title
0	Arcelor Mittal (MT) Stock Has 48% Chance Of Rise In The Next One Month
1	ArcelorMittal Stock Return Comparison
2	[10/11/2021] Arcelor Mittal (MT) Stock Price Forecast: AI Forecasts MT Stock Price To Be Around $29.10 In A Month (Up 0.5%)

SEC Filings

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Report Date	Filing
6302025	6-K 6/30/2025
3312025	6-K 3/31/2025
12312024	20-F 12/31/2024
9302024	6-K 9/30/2024
6302024	6-K 6/30/2024
3312024	6-K 3/31/2024
12312023	20-F 12/31/2023
9302023	6-K 9/30/2023
6302023	6-K 6/30/2023
3312023	6-K 3/31/2023
12312022	20-F 12/31/2022
9302022	6-K 9/30/2022
6302022	6-K 6/30/2022
3312022	6-K 3/31/2022
12312021	20-F 12/31/2021
9302021	6-K 9/30/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
MT Return	31%	40%	-16%	10%	-17%	52%	113%
Peers Return	10%	56%	22%	44%	10%	23%	306%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%
Monthly Win Rates [3]
MT Win Rate	67%	58%	50%	42%	42%	100%
Peers Win Rate	53%	60%	48%	57%	53%	65%
S&P 500 Win Rate	58%	75%	42%	67%	75%	62%
Max Drawdowns [4]
MT Max Drawdown	-60%	-8%	-37%	-17%	-25%	-6%
Peers Max Drawdown	-55%	-6%	-20%	-5%	-23%	-13%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

ArcelorMittal (MT)

Market Price (9/15/2025): $34.755 | Market Cap: $26.5 BilSector: Materials | Industry: Steel

ArcelorMittal (MT)

Market Price (9/15/2025): $34.755Market Cap: $26.5 BilSector: MaterialsIndustry: Steel

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Market Price (9/15/2025): $34.755 | Market Cap: $26.5 Bil
Sector: Materials | Industry: Steel

Market Price (9/15/2025): $34.755
Market Cap: $26.5 Bil
Sector: Materials
Industry: Steel