1. Luxembourg Stocks

  2. •

    Basic Materials

  3. •

    Steel
ArcelorMittal S.A.

ArcelorMittal S.A.

MTS.MC
ArcelorMittal S.A.ES flagMadrid Stock Exchange
61.28
EUR
-0.02
- -
46.64BMarket Cap
ArcelorMittal S.A.
MTS.MC
(Madrid Stock Exchange)

Recent

price

61.28

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
123
144.6
129.58
106.38
105.51
84.42
59.57
67.33
74.91
69.71
46.73
69.3
87.64
81.09
79.24
80.41
81.49
Revenue per Share
4.6
3.72
-5.16
-3.41
-1.45
-10.55
1.87
4.48
5.07
-2.42
-0.64
13.53
10.21
1.09
1.7
4.13
3.84
Basic EPS, GAAP
1.11
-4.64
0.96
1.13
0.27
-0.74
0.28
1.71
0.88
2.41
1.44
6.24
7.39
3.6
0.57
0.62
0.67
Free Cash Flow per Basic Share
1.98
1.84
1.83
0.56
0.61
0.55
0.06
0.14
0.22
0.2
0.16
0.28
0.36
0.44
0.5
0.55
0.76
Dividend per Share
49.89
61.72
54.76
45.59
42.84
31.75
17.26
20.62
25.59
22.95
19.73
33.53
50.22
55.31
60.35
65.78
- -
Book Value per Share
81.54
65.32
62.91
59.51
49.32
29.18
27.98
34.43
37.81
34.6
31.51
42.46
55.64
60.53
59.43
67.21
67.97
Tangible Book Value per Share
634
650
650
747
751
753
953
1,020
1,015
1,013
1,140
1,105
911
842
788
763
761
Basic Weighted Avg Shares
78,025
93,973
84,213
79,440
79,282
63,578
56,791
68,679
76,033
70,615
53,270
76,571
79,844
68,275
62,441
61,352
62,011
Sales/Revenue/Turnover
4
4.84
-3.96
0.78
3.08
-7.17
6.56
7.4
8.14
-1.46
3.35
21.96
12.8
3.07
4.98
2.38
-0.76
Operating Margin (%)
4,395
4,696
4,702
4,695
3,939
3,192
2,721
2,768
2,799
3,067
2,960
2,523
2,580
2,675
2,632
2,945
3,038
Depreciation Expense
2,916
2,420
-3,352
-2,545
-1,086
-7,946
1,779
4,568
5,149
-2,454
-733
14,956
9,302
919
1,339
3,152
2,922
Net Income, GAAP
- -
31.01
- -
- -
- -
- -
36.25
8.63
- -
- -
153.12
13.65
15.26
18.89
52.66
9.97
19.95
Effective Tax Rate (%)
3.74
2.58
-3.98
-3.2
-1.37
-12.5
3.13
6.65
6.77
-3.48
-1.38
19.53
11.65
1.35
2.14
5.14
4.71
Profit Margin (%)
11,952
11,761
7,945
8,790
6,934
4,285
4,132
5,335
9,020
7,329
5,306
10,772
14,720
11,471
7,557
8,085
8,485
Working Capital
19,292
23,634
21,965
18,219
17,275
17,478
11,789
10,143
9,316
11,471
9,815
6,488
9,067
8,369
8,815
10,671
10,943
LT Debt
66,100
56,504
50,466
53,173
45,160
27,570
32,325
40,855
44,108
40,483
40,237
51,344
55,590
56,068
51,286
56,536
57,211
Total Equity
- -
3.58
- -
- -
- -
- -
5.09
9.31
- -
- -
-1.76
25.54
13.52
2.54
2.27
1.98
-0.55
Return on Invested Capital (%)
- -
5.72
- -
- -
- -
- -
6.57
15.7
- -
- -
-2.99
34.7
17.49
2.34
2.55
5.64
22.21
Return on Capital (%)
9.49
6.74
-8.86
-7.31
-3.28
-28.32
8.82
24.37
21.91
-9.97
-3.21
50.24
22.47
1.99
2.85
6.45
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
4,377
2,739
2,740
LT Borrowings
10,491
9,704
10,943
LT Finance Leases
- -
967
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
760
761
760
Market Capitalization
27,629
35,084
38,544

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
32,532
30,605
30,495
Cash, Cash Equivalents & STI
5,733
5,392
4,359
Accounts Receivable, Net
4,504
3,476
4,130
Inventories
18,924
18,589
18,705
Total Current Liabilities
23,478
22,520
22,010
Payables & Accruals
19,014
18,406
19,235
ST Debt
4,377
2,739
2,740
Deferred Revenue
- -
94
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.12%
7.69%
10.24%
Free Cash Flow
68.84%
36.51%
5.37%
Net Income, GAAP
-225.79%
-417.44%
135.4%
Sales/Revenue/Turnover
1.25%
4.65%
-1.74%
Total Cash Common Dividend
18.68%
20.71%
7.12%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16,282
16,249
15,196
14,714
62,441
2025
14,798
15,926
15,657
14,971
61,352
2026
15,457
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.16
0.63
0.37
-0.51
1.7
2025
1.05
- -
- -
0.23
4.13
2026
0.76
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.25
- -
0.25
0.5
2025
- -
- -
- -
0.28
0.55
2026
0.15
- -
- -
- -
- -
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Business
ArcelorMittal S.A. manufactures and sells a broad range of finished steel products, including flat carbon steels such as hot-rolled, cold-rolled, coated, and electrical steels; long products comprising sections, rails, bars, wire rods, and wire solutions; tubular products like seamless pipes; and mining segment outputs of iron ore, coke, scrap, and direct reduced iron. The company serves key industries including automotive with advanced high-strength steels (AHSS) and Usibor grades supporting electro-mobility, construction via sections, sheet piles, rebar, and Steligence solutions, household appliances, packaging, general industry, oil and gas, renewable energies, and machinery; it operates 37 integrated and mini-mill facilities across 15 countries with production split at 38% Americas, 53% Europe, and 9% other regions including South Africa and Ukraine, alongside vertically integrated mining in Brazil, Canada, Liberia, Mexico, Ukraine, and South Africa. Founded in 2006 through the merger of Mittal Steel and Arcelor and headquartered in Luxembourg City, Luxembourg, ArcelorMittal maintains steelmaking operations in Europe (e.g., France, Germany, Poland, Spain), the Americas (e.g., U.S., Brazil, Mexico, Canada, Argentina), and other areas, with joint ventures such as AM/NS India. Recent developments include completing the June 2025 acquisition of Nippon Steel's 50% stake in AM/NS Calvert in Alabama, renaming it ArcelorMittal Calvert following over $2 billion in prior investments and plans for a new electric arc furnace and $1.2 billion non-grain-oriented electrical steel facility starting construction in late 2025 for 2027 production; announcing a $3 billion-plus expansion at the site as a U.S. hub; inaugurating a major annealing and galvanizing line expansion at Vega Unit in Brazil in November 2024 boosting high-strength steel capacity by 640,000 tonnes annually; securing 1.3 billion euros in prospective German government funding for decarbonization at Bremen and Eisenhüttenstadt sites; acquiring a 27.5% stake in Vallourec for 955 million euros in August 2024; and divesting non-core assets such as Kazakhstan operations in 2023, while suspending long products in South Africa and closing sites in Romania and Canada amid high costs in 2025.