ArcelorMittal's near-term outlook is constrained by cyclical headwinds, with gross margin compressing to 6.3% in 2026Q2 from 10.5% in 2024Q1 and revenue growth decelerating to 5.2%, reflecting weak European demand and softer steel spreads. The company's strate...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has stalled at 5.2% in 2026Q2, while gross margin compressed to 6.3% from 10.5% in 2024Q1, and operating margin fell to 6.3% from 12.1% in 2025Q2, indicating strained profitability amid cyclical weakness.
ArcelorMittal is the world's leading and most innovative steel and mining company, serving customers in 126 countries with a strong industrial footprint.
The company is redefining steel for the modern world, building smarter steels for people and the planet.
The bull case hinges on protective policies lifting realized selling prices faster than costs rise, including CBAM-related pressures, improving economics per tonne.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 30, 2026 | $0.89-24.6% vs $1.18 | $16.8B-3.1% vs $17.3B |
Q2 2026 Apr 30, 2026 | $0.75+4.2% vs $0.72 | $15.5B-9.3% vs $17.0B |
Q1 2026 Feb 5, 2026 | $0.86+53.6% vs $0.56 | $15.0B-7.6% vs $16.2B |
Q4 2025 Nov 6, 2025 | $0.62+6.9% vs $0.58 | $15.7B+0.4% vs $15.6B |
Steelmaker ArcelorMittal said on Monday a ballistic missile strike hit its Ukrainian steel plant ArcelorMittal Kryvyi Rih on Saturday, killing two contractors and injuring two employees.
MT's 69% YTD rally reflects stronger EBITDA, cash flow and shareholder returns, plus EAF, NOES and Liberia growth projects.
Sluggishness in China and muted demand in certain key end markets dampen the Zacks Steel Producers industry prospects. MT, NUE, STLD and FSTR are poised to navigate the challenges.
MT expands steel capacity and boosts shareholder returns, but China's weak demand and elevated capex pressure cash flow.
Benchmark MT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for ArcelorMittal S.A. (MT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $71.92 | $54.74B | 17.50 | -1.74% | 5.14% | 5.85% | 0.76% | |
| $246.98 | $56.25B | 32.84 | 5.73% | 7.99% | 12.84% | — | |
| $234.29 | $33.79B | 29.32 | 3.63% | 7.83% | 17.66% | — | |
| $12.87 | $7.34B | -4.29 | -3% | -4.56% | -14.68% | — | |
| $384.63 | $19.64B | 27.51 | 3.32% | 5.66% | 12.33% | — | |
| $64.66 | $7.15B | 87.38 | -1.61% | 6.72% | 13.65% | — |
ArcelorMittal S.A. (MT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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ArcelorMittal S.A. (MT) stock FAQ — growth, dividends, profitability & financials explained
ArcelorMittal S.A. (MT) reported $62.85B in revenue for fiscal year 2025. This represents a 2770% increase from $2.19B in 1997.
ArcelorMittal S.A. (MT) saw revenue decline by 1.7% over the past year.
Yes, ArcelorMittal S.A. (MT) is profitable, generating $1.81B in net income for fiscal year 2025 (5.1% net margin).
Yes, ArcelorMittal S.A. (MT) pays a dividend with a yield of 0.76%. This makes it attractive for income-focused investors.
ArcelorMittal S.A. (MT) has a return on equity (ROE) of 5.8%. This is below average, suggesting room for improvement.
ArcelorMittal S.A. (MT) had negative free cash flow of $1.92B in fiscal year 2025, likely due to heavy capital investments.
