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ArcelorMittal S.A. (MT) 10-Year Financial Performance & Capital Metrics

MT • • Industrial / General
Basic MaterialsSteelIntegrated Steel ProducersMajor Integrated Steel Mills
AboutArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Its principal steel products include 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, which includes blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company's principal mining products comprise iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and thermal coal, and pulverized coal injections. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, as well as distributors. The company has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, South Africa, and Ukraine; and coal mining activities in Kazakhstan. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.Show more
  • Revenue $62.44B -8.5%
  • EBITDA $5.94B +24.3%
  • Net Income $1.34B +45.7%
  • EPS (Diluted) 1.69 +55.0%
  • Gross Margin 9.27% +9.6%
  • EBITDA Margin 9.52% +35.9%
  • Operating Margin 5.3% +54.7%
  • Net Margin 2.14% +59.3%
  • ROE 2.49% +51.5%
  • ROIC 4.3% +43.3%
  • Debt/Equity 0.23 +18.4%
  • Interest Coverage 6.49 +98.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 84 (top 16%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 6.4% through buybacks
  • ✓Trading near 52-week high
  • ✓Trading at only 0.7x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.36%
5Y-2.43%
3Y-6.57%
TTM-1.9%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-55.26%
TTM308.97%

EPS CAGR

10Y-
5Y-
3Y-54.95%
TTM1115.15%

ROCE

10Y Avg7.23%
5Y Avg10.63%
3Y Avg7.61%
Latest4.74%

Peer Comparison

Major Integrated Steel Mills
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MTArcelorMittal S.A.36.82B48.4128.65-8.54%4.23%4.56%1.21%0.23
NUENucor Corporation40B174.7920.66-11.47%5.18%7.54%2.01%0.32
GGBGerdau S.A.5.26B4.181.92-2.74%4.31%5.48%100%0.26
PKXPOSCO Holdings Inc.17.86B59.030.02-5.76%0.65%0.73%0.44
CLFCleveland-Cliffs Inc.8.15B14.30-9.11-12.78%-9%-29.37%1.13

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+63.58B56.79B68.68B76.03B70.61B53.27B76.57B79.84B68.28B62.44B
Revenue Growth %-0.2%-0.11%0.21%0.11%-0.07%-0.25%0.44%0.04%-0.14%-0.09%
Cost of Goods Sold+65.2B50.43B60.88B67.03B66.96B48.63B57.52B65.88B62.5B56.65B
COGS % of Revenue1.03%0.89%0.89%0.88%0.95%0.91%0.75%0.83%0.92%0.91%
Gross Profit+-1.62B6.36B7.8B9.01B3.65B4.64B19.05B13.96B5.78B5.79B
Gross Margin %-0.03%0.11%0.11%0.12%0.05%0.09%0.25%0.17%0.08%0.09%
Gross Profit Growth %-1.27%4.93%0.23%0.15%-0.59%0.27%3.1%-0.27%-0.59%0%
Operating Expenses+2.54B2.2B2.37B2.47B4.28B2.54B2.07B3.69B3.44B2.48B
OpEx % of Revenue0.04%0.04%0.03%0.03%0.06%0.05%0.03%0.05%0.05%0.04%
Selling, General & Admin2.54B2.2B2.37B2.47B000002.48B
SG&A % of Revenue0.04%0.04%0.03%0.03%-----0.04%
Research & Development227M239M278M290M301M245M270M286M299M285M
R&D % of Revenue0%0%0%0%0%0%0%0%0%0%
Other Operating Expenses00003.98B2.29B1.8B3.4B3.14B-285M
Operating Income+-4.16B4.16B5.43B6.54B-627M2.11B16.98B10.27B2.34B3.31B
Operating Margin %-0.07%0.07%0.08%0.09%-0.01%0.04%0.22%0.13%0.03%0.05%
Operating Income Growth %-2.37%2%0.31%0.2%-1.1%4.37%7.05%-0.39%-0.77%0.41%
EBITDA+3.79B6.88B8.2B9.34B2.44B5.07B19.5B12.85B4.78B5.94B
EBITDA Margin %0.06%0.12%0.12%0.12%0.03%0.1%0.25%0.16%0.07%0.1%
EBITDA Growth %-0.48%0.81%0.19%0.14%-0.74%1.08%2.85%-0.34%-0.63%0.24%
D&A (Non-Cash Add-back)7.96B2.72B2.77B2.8B3.07B2.96B2.52B2.58B2.44B2.63B
EBIT-6.14B3.89B5.89B5.67B895M2.3B16.63B11.65B3.14B3.42B
Net Interest Income+-1.28B-1.11B-823M-615M-607M-421M-278M-213M-145M-110M
Interest Income105M58M56M72M88M56M79M188M570M400M
Interest Expense1.38B1.17B879M687M695M477M357M401M715M510M
Other Income/Expense-3.36B-1.44B-427M-1.56B-1.3B-1.02B1.05B983M-1.08B-395M
Pretax Income+-7.52B2.72B5.01B4.98B-1.93B1.09B18.02B11.26B1.26B2.92B
Pretax Margin %-0.12%0.05%0.07%0.07%-0.03%0.02%0.24%0.14%0.02%0.05%
Income Tax+902M986M432M-349M459M1.67B2.46B1.72B238M1.53B
Effective Tax Rate %1.06%0.65%0.91%1.03%1.27%-0.67%0.83%0.83%0.73%0.46%
Net Income+-7.95B1.78B4.57B5.15B-2.45B-733M14.96B9.3B919M1.34B
Net Margin %-0.12%0.03%0.07%0.07%-0.03%-0.01%0.2%0.12%0.01%0.02%
Net Income Growth %-6.32%1.22%1.57%0.13%-1.48%0.7%21.4%-0.38%-0.9%0.46%
Net Income (Continuing)-8.42B1.12B4.13B5.33B-2.39B-578M15.56B9.54B1.02B1.38B
Discontinued Operations0000000000
Minority Interest2.3B2.19B2.07B2.02B1.96B1.96B2.24B2.44B2.11B2.06B
EPS (Diluted)+-10.291.864.465.04-2.36-0.5118.4910.181.091.69
EPS Growth %-6.3%1.18%1.4%0.13%-1.47%0.78%37.25%-0.45%-0.89%0.55%
EPS (Basic)-10.301.874.485.07-2.36-0.5118.5410.211.091.70
Diluted Shares Outstanding772M955M1.02B1.02B1.01B1.14B1.11B914M845M791M
Basic Shares Outstanding771.6M953M1.02B1.01B1.01B1.14B1.1B911M842M788M
Dividend Payout Ratio-0.03%0.03%0.04%--0.02%0.04%0.4%0.29%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+22.33B22.25B26.75B32.48B28.62B27.97B34.94B37.12B33.24B29.38B
Cash & Short-Term Investments4.1B2.62B2.79B2.35B5B5.96B4.21B9.3B7.69B6.4B
Cash Only4.1B2.62B2.79B2.35B4.75B5.57B4.21B9.3B7.69B6.4B
Short-Term Investments0000246M393M0000
Accounts Receivable3.08B3.56B4.67B5.43B5.25B4.19B7.08B6.21B5.2B5.66B
Days Sales Outstanding17.7122.8924.8126.0527.1528.7133.7728.4127.7833.06
Inventory13.42B14.73B17.99B20.74B17.3B12.33B19.86B20.09B18.76B16.5B
Days Inventory Outstanding75.15106.65107.84112.9794.2892.54126111.28109.55106.31
Other Current Assets1.81B1.67B2B4.71B1.07B5.49B3.22B785M941M215M
Total Non-Current Assets+54.52B52.9B58.55B58.77B59.29B54.08B55.57B57.43B60.68B60B
Property, Plant & Equipment35.78B34.83B36.97B35.64B36.23B30.62B30.07B30.17B33.66B33.31B
Fixed Asset Turnover1.78x1.63x1.86x2.13x1.95x1.74x2.55x2.65x2.03x1.87x
Goodwill5.14B5.25B5.29B4.99B5.1B3.99B3.93B3.77B3.91B3.6B
Intangible Assets449M403M443M742M328M320M494M1.14B1.19B848M
Long-Term Investments4.91B4.3B5.08B4.91B8.27B10.87B11.46B11.88B10.59B11.72B
Other Non-Current Assets1.61B2.28B3.71B4.21B677M412M1.46B1.92B1.86B1.58B
Total Assets+76.85B75.14B85.3B91.25B87.91B82.05B90.51B94.55B93.92B89.39B
Asset Turnover0.83x0.76x0.81x0.83x0.80x0.65x0.85x0.84x0.73x0.70x
Asset Growth %-0.23%-0.02%0.14%0.07%-0.04%-0.07%0.1%0.04%-0.01%-0.05%
Total Current Liabilities+18.04B18.11B21.41B23.45B21.29B22.67B24.17B22.4B21.77B21.82B
Accounts Payable7.57B11.63B13.43B13.98B12.61B11.53B14.66B13.17B13.61B12.63B
Days Payables Outstanding42.3684.280.5176.1468.7686.5193.0372.9479.4581.37
Short-Term Debt2.31B1.89B2.79B3.17B2.87B2.51B1.72B2.35B2.1B2.57B
Deferred Revenue (Current)1000K1000K1000K1000K001000K1000K1000K1000K
Other Current Liabilities4.99B2.97B3.34B4.63B3.87B6.93B1.63B1.66B257M1.26B
Current Ratio1.24x1.23x1.25x1.38x1.34x1.23x1.45x1.66x1.53x1.35x
Quick Ratio0.49x0.41x0.41x0.50x0.53x0.69x0.62x0.76x0.67x0.59x
Cash Conversion Cycle50.5145.3452.1462.8852.6734.7466.7466.7557.8858
Total Non-Current Liabilities+31.23B24.7B23.03B23.69B26.14B19.99B15B16.56B16.08B16.27B
Long-Term Debt16.94B11.32B9.73B8.96B10.61B10.02B5.8B8.24B7.43B7.96B
Capital Lease Obligations536M464M414M355M866M632M691M828M939M852M
Deferred Tax Liabilities2.5B2.53B2.68B2.37B2.33B1.83B2.37B2.67B2.43B2.34B
Other Non-Current Liabilities11.26B10.38B10.21B12B12.13B7.37B6.14B4.83B5.05B4.96B
Total Liabilities49.28B42.82B44.44B47.14B47.42B42.66B39.17B38.96B37.85B38.1B
Total Debt+19.79B13.67B12.93B12.48B14.34B13.16B8.4B11.65B10.68B11.56B
Net Debt15.68B11.06B10.14B10.13B9.59B7.59B4.19B2.35B3B5.16B
Debt / Equity0.72x0.42x0.32x0.28x0.35x0.33x0.16x0.21x0.19x0.23x
Debt / EBITDA5.21x1.99x1.58x1.34x5.88x2.60x0.43x0.91x2.23x1.95x
Net Debt / EBITDA4.13x1.61x1.24x1.08x3.93x1.50x0.21x0.18x0.63x0.87x
Interest Coverage-3.01x3.55x6.18x9.52x-0.90x4.42x47.55x25.62x3.27x6.49x
Total Equity+27.57B32.33B40.85B44.11B40.48B39.4B51.34B55.59B56.07B51.29B
Equity Growth %-0.39%0.17%0.26%0.08%-0.08%-0.03%0.3%0.08%0.01%-0.09%
Book Value per Share35.7133.8539.9043.2039.9634.5646.3460.8266.3564.84
Total Shareholders' Equity25.27B30.14B38.79B42.09B38.52B37.44B49.11B53.15B53.96B49.22B
Common Stock10.01B401M401M364M364M393M350M312M303M303M
Retained Earnings13.9B16.05B20.64B25.61B22.88B22.1B36.7B45.44B46.26B47.25B
Treasury Stock-377M-371M-362M-569M-602M-538M-2.19B-1.9B-849M-2.12B
Accumulated OCI-20.36B-20.77B-16.73B-18.21B-18.95B-19.76B-18.07B-19.87B-18.94B-23.41B
Minority Interest2.3B2.19B2.07B2.02B1.96B1.96B2.24B2.44B2.11B2.06B

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+2.15B2.71B4.56B4.2B6.02B4.08B9.9B10.2B7.64B4.85B
Operating CF Margin %0.03%0.05%0.07%0.06%0.09%0.08%0.13%0.13%0.11%0.08%
Operating CF Growth %-0.44%0.26%0.69%-0.08%0.43%-0.32%1.43%0.03%-0.25%-0.37%
Net Income-7.95B1.78B4.57B5.15B-2.39B-578M15.56B9.54B1.02B1.38B
Depreciation & Amortization7.96B2.93B2.97B3.61B3.07B2.96B2.52B2.58B2.67B2.63B
Stock-Based Compensation013M31M31M000000
Deferred Taxes571M732M-151M-1.28B459M1.67B2.46B1.72B238M510M
Other Non-Cash Items1.6B-1.09B-507M4.71B2.79B-898M-3.56B-3.02B2B515M
Working Capital Changes-31M-1.02B-1.87B-4.38B2.09B932M-7.08B-615M1.71B-185M
Change in Receivables335M-373M-620M-646M964M-76M-2.54B1.13B307M-192M
Change in Inventory925M-2.06B-2.35B-4.65B2.47B1.79B-8.65B-2.06B1.57B238M
Change in Payables-1.29B1.41B1.09B914M-1.24B-214M4.78B-294M-271M56M
Cash from Investing+-2.17B-1.14B-2.83B-3.76B-3.82B-2.01B-340M-4.48B-5.85B-4.99B
Capital Expenditures-2.71B-2.44B-2.82B-3.31B-3.57B-2.44B-3.01B-3.47B-4.61B-4.41B
CapEx % of Revenue0.04%0.04%0.04%0.04%0.05%0.05%0.04%0.04%0.07%0.07%
Acquisitions----------
Investments----------
Other Investing342M1.3B-11M-3.76B39M11M111M-44M548M-582M
Cash from Financing+395M-2.93B-1.73B-689M514M-1.5B-10.9B-477M-3.67B-680M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-416M-61M-141M-220M-203M-181M-312M-332M-369M-393M
Share Repurchases----------
Other Financing-82M-1.18B28M-624M-129M-135M-459M-331M-162M-15M
Net Change in Cash----------
Free Cash Flow+-556M264M1.74B891M2.44B1.64B6.9B6.74B3.03B447M
FCF Margin %-0.01%0%0.03%0.01%0.03%0.03%0.09%0.08%0.04%0.01%
FCF Growth %-3.71%1.47%5.61%-0.49%1.74%-0.33%3.2%-0.02%-0.55%-0.85%
FCF per Share-0.720.281.700.872.411.446.227.373.590.57
FCF Conversion (FCF/Net Income)-0.27x1.52x1.00x0.81x-2.45x-5.57x0.66x1.10x8.32x3.62x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-21.85%5.94%12.48%12.12%-5.8%-1.84%32.96%17.4%1.65%2.49%
Return on Invested Capital (ROIC)-5.99%7.2%8.64%9.32%-0.9%3.26%24.84%13.58%3%4.3%
Gross Margin-2.54%11.2%11.36%11.85%5.18%8.72%24.88%17.49%8.46%9.27%
Net Margin-12.5%3.13%6.65%6.77%-3.48%-1.38%19.53%11.65%1.35%2.14%
Debt / Equity0.72x0.42x0.32x0.28x0.35x0.33x0.16x0.21x0.19x0.23x
Interest Coverage-3.01x3.55x6.18x9.52x-0.90x4.42x47.55x25.62x3.27x6.49x
FCF Conversion-0.27x1.52x1.00x0.81x-2.45x-5.57x0.66x1.10x8.32x3.62x
Revenue Growth-19.81%-10.68%20.93%10.71%-7.13%-24.56%43.74%4.27%-14.49%-8.54%

Revenue by Segment

20172018201920202021202220232024
Flat products43.06B46.73B43.63B31.58B41.9B44.78B38.65B35.38B
Flat products Growth-8.52%-6.64%-27.61%32.65%6.88%-13.69%-8.46%
Long products13.69B15.75B13.71B11.12B18.12B17.49B14.12B13.39B
Long products Growth-15.10%-12.98%-18.89%62.98%-3.49%-19.23%-5.23%
Other products9.13B10.38B10.07B7.78B12.46B13.51B12.07B10.74B
Other products Growth-13.64%-3.02%-22.77%60.32%8.37%-10.61%-11.06%
Tubular products1.81B2.16B2.04B1.34B2.23B2.68B2.16B1.75B
Tubular products Growth-19.23%-5.28%-34.30%66.27%20.15%-19.49%-19.07%
Mining products985M1.01B1.17B1.45B1.86B1.39B1.27B1.19B
Mining products Growth-2.44%15.46%24.55%28.19%-25.22%-8.77%-6.15%

Revenue by Geography

20172018201920202021202220232024
Europe-38.26B35.37B26.3B42.18B44.52B35.78B32.77B
Europe Growth---7.57%-25.62%60.36%5.54%-19.63%-8.40%
Americas-29.07B27.29B20.18B25.41B28.06B26.25B24.3B
Americas Growth---6.13%-26.04%25.89%10.44%-6.47%-7.39%
Asia and Africa8.72B8.7B7.96B6.78B8.98B7.26B6.25B5.36B
Asia and Africa Growth--0.26%-8.52%-14.80%32.38%-19.09%-13.97%-14.19%
KAZAKHSTAN392M496M470M425M747M625M503M-
KAZAKHSTAN Growth-26.53%-5.24%-9.57%75.76%-16.33%-19.52%-
TURKEY1.94B1.68B1.5B1.07B1.51B1.23B--
TURKEY Growth--13.11%-10.93%-28.29%40.28%-18.37%--
LUXEMBOURG-162M151M114M185M206M--
LUXEMBOURG Growth---6.79%-24.50%62.28%11.35%--
EGYPT310M206M309M103M85M120M--
EGYPT Growth--33.55%50.00%-66.67%-17.48%41.18%--
CZECH REPUBLIC1.4B1.78B1.24B-----
CZECH REPUBLIC Growth-27.29%-30.19%-----
Europe133.92B-------
Europe1 Growth--------
Americas126.04B-------
Americas1 Growth--------
Luxembourg111M-------
Luxembourg Growth--------
VENEZUELA68M-------
VENEZUELA Growth--------

Frequently Asked Questions

Valuation & Price

ArcelorMittal S.A. (MT) has a price-to-earnings (P/E) ratio of 28.6x. This suggests investors expect higher future growth.

Growth & Financials

ArcelorMittal S.A. (MT) reported $61.09B in revenue for fiscal year 2024. This represents a 35% decrease from $93.97B in 2011.

ArcelorMittal S.A. (MT) saw revenue decline by 8.5% over the past year.

Yes, ArcelorMittal S.A. (MT) is profitable, generating $2.58B in net income for fiscal year 2024 (2.1% net margin).

Dividend & Returns

Yes, ArcelorMittal S.A. (MT) pays a dividend with a yield of 1.03%. This makes it attractive for income-focused investors.

ArcelorMittal S.A. (MT) has a return on equity (ROE) of 2.5%. This is below average, suggesting room for improvement.

ArcelorMittal S.A. (MT) generated $58.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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