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 is a $48.3B materials company. Revenue shrank 1.7% over the last year, it keeps 5¢ of every dollar of sales as profit, and it carries $9.57B of net debt. It trades at 24.9× earnings.
- Website
- arcelormittal.com
- Employees
- 126 000
- Sector
- Basic Materials
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Growth, Profitability and Moat lag behind.
Valuation62
- P/E vs own history55th pct · 12/25
- FCF yield-0.3% · 0/25
- P/S0.7x · 25/25
- EV/EBITDA9.7x · 25/25
Growth25
- Revenue CAGR-5.4% · 0/25
- Net income CAGR-32.2% · 0/25
- EPS CAGR ~5Y-25.7% · 0/25
- Fwd implied growth120.2% · 25/25
Profitability28
- ROIC4.7% · 5/25
- ROE3.3% · 5/25
- Net margin5.1% · 13/25
- Operating margin4.0% · 5/25
Health68
- Altman Z2.20 · 18/25
- Current ratio1.43 · 12/25
- Interest coverage5.9x · 18/25
- Net cash / debtD/A 10% · 20/25
Quality55
- Piotroski F6/9 · 15/25
- Beneish M-2.39 · 20/25
- FCF conversion-5% · 0/25
- Margin stabilityσ 7.2% · 20/25
Moat36
- ROIC >12% years2/5 yrs · 6/25
- Median gross margin9.8% · 0/25
- FCF-positive years4/5 yrs · 18/25
- Worst-year net marginworst 1.3% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2025AcquisitionTo gain approval for the acquisition of U.S
- 2024MilestoneArcelorMittal accused the state of not investing the agreed-upon amount and, in February 2024, Italy's industry…
- 2023AcquisitionThe company's joint venture with Nippon Steel acquired Indian Steel Corporation
- 2022AcquisitionThe company acquired an 80% interest in Voestalpine's hot-briquetted iron plant near Corpus Christi,…
- FY2021FinancialProfitable every year on record5 consecutive profitable years in our data
- FY2021FinancialRevenue already above $50B$76.6B in first reported year
- FY2021FinancialBest year on record$15.0B net income
- 2019AcquisitionIt is the second-largest steelmaker worldwide behind Baowu and was the largest steelmaker worldwide until 2019
- 2018AcquisitionA consortium led by ArcelorMittal acquired Ilva, owner of the Taranto steelworks in southern Italy
- 2016ProductThe company released Usibor 2000, a steel grade that was said to be one-third stronger than other…
- 2011MilestoneThe company completed the corporate spin-off of its stainless steel division, Aperam
- 2009AcquisitionThe company acquired Noble's European Laser Welded Operations as part of the bankruptcy of Noble…
- 2007AcquisitionThe company acquired Sicartsa, operator of a plant in Mexico, from Grupo Villacero for $1.44 billion
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Interest covered 5.9× by operating earnings
Watch-outs
- Revenue shrinking 1.7% year over year
- Negative free cash flow (-$159.0M)
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-1.7% YoY
- Profitable — makes more than it spends$3.15B FY2025
- Profit growing — earnings are higher than last year-26.1% YoY
- Generates cash — cash left after running and investing-$159M FY2025
- Debt under control — could handle its obligationscurrent ratio 1.43
- Established company — not a micro-cap — lower blow-up risk$48.3B market cap
- Not printing shares — share count not ballooning — you keep your slice-30.8% shares over ~5y
- Proven track record — years of profitability behind it5/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 2.2 — grey
- Pays a dividend — returns cash to shareholdersyield 0.97%
- Valuation not extreme — price not wildly above earningsP/E 24.9
Peer comparisonArcelorMittal vs 6 largest basic materials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| MT this company | $48.3B | 24.9 | -1.7% | 5.1% | Solid |
| LIN Linde plc Ordinary Share | $223.2B | 30.8 | +6.6% | 20.4% | Solid |
| SCCO Southern Copper Corporation | $176.8B | 31.2 | +32.8% | 35.9% | Strong |
| NEM Newmont Corporation | $124.2B | 14.4 | +25.2% | 33.4% | Strong |
| FCX Freeport-McMoran Inc. | $105.8B | 35.9 | +0.2% | 11.4% | Strong |
| AEM Agnico Eagle Mines Ltd. | $95.8B | 15.9 | +43.7% | 37.5% | Strong |
| B Barrick Mining Corporation | $67.5B | 10.1 | +9.2% | 31.6% | Strong |
Head-to-head: MT vs LIN · MT vs SCCO · MT vs NEM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/MT
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Deeper analysis of MT on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $64.20 · market cap $48.3B.