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Friday 6 November 2026
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ArcelorMittal
ArcelorMittal’s revenue for fiscal 2025 (year ended December 2025) was $61.4 billion, down 1.74% from fiscal 2024.
- Revenue
- +5.24%
- EPS
- −61.7%
- Free cash flow
- −126.6%
- Total debt
- +5.02%
Quarter to June 2026, against a year earlier
60.57
1.92
−3.07%
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ArcelorMittal (MT) Operating margin
ArcelorMittal's operating margin over the twelve months to 30 June 2026 was 4.26%, down 1.6 percentage points from fiscal 2025 (5.91%). Over the past ten years it has ranged from −6.54% (fiscal 2015) to 22.2% (fiscal 2021); the current reading is higher than 55% of that period. That is below the Steel industry median of 6.93% and above the Basic Materials sector median of 2.88%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 5.91% | 0.61 |
| FY2024 | 5.30% | 1.87 |
| FY2023 | 3.43% | (9.44) |
| FY2022 | 12.9% | (9.30) |
| FY2021 | 22.2% | 18.21 |
| FY2020 | 3.96% | 4.85 |
| FY2019 | −0.89% | (9.49) |
| FY2018 | 8.60% | 0.69 |
| FY2017 | 7.91% | 0.58 |
| FY2016 | 7.33% | 13.87 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 6.29% | 1.42 |
| Mar 2026 | 4.87% | 2.69 |
| Dec 2025 | 2.18% | (1.29) |
| Sep 2025 | 3.47% | (8.66) |
| 42 more quarters | Free account |
Against its own ten years
Low −6.54%
High 22.2%
Ten-year median
5.91%
Current reading's percentile
33
Operating margin against peers
| Company | Operating margin |
|---|---|
| SIM Grupo Simec, S.A. de C.V. compare | 17.0% |
| NUE Nucor Corporation compare | 13.3% |
| STLD Steel Dynamics, Inc. compare | 11.5% |
| TX Ternium S.A. compare | 9.31% |
| RS Reliance, Inc. compare | 8.80% |
| GGB Gerdau S.A. compare | 7.45% |
| MT ArcelorMittal | 4.26% |
| PKX POSCO Holdings Inc. compare | 2.57% |
| CLF Cleveland-Cliffs Inc. compare | −1.40% |
| Steel industry median | 6.93% |
| Basic Materials sector median | 2.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on MT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement