stockrowArcelorMittal
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
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ArcelorMittal (MT) Return on invested capital
ArcelorMittal's return on invested capital over the twelve months to 30 June 2026 was 2.52%, down 1.0 percentage points from fiscal 2025 (3.52%). Over the past ten years it has ranged from −6.01% (fiscal 2015) to 19.2% (fiscal 2021); the current reading is higher than 45% of that period. That is below the Steel industry median of 3.18% and above the Basic Materials sector median of 0.96%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 3.52% | (0.15) |
| FY2024 | 3.67% | 1.19 |
| FY2023 | 2.48% | (8.62) |
| FY2022 | 11.1% | (8.06) |
| FY2021 | 19.2% | 16.33 |
| FY2020 | 2.83% | 3.62 |
| FY2019 | −0.79% | (8.33) |
| FY2018 | 7.54% | 0.88 |
| FY2017 | 6.66% | 0.67 |
| FY2016 | 5.99% | 12.00 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| STLD Steel Dynamics, Inc. compare | 12.4% |
| NUE Nucor Corporation compare | 11.7% |
| RS Reliance, Inc. compare | 10.5% |
| SIM Grupo Simec, S.A. de C.V. compare | 10.0% |
| TX Ternium S.A. compare | 5.65% |
| GGB Gerdau S.A. compare | 4.96% |
| MT ArcelorMittal | 2.52% |
| PKX POSCO Holdings Inc. compare | 1.66% |
| CLF Cleveland-Cliffs Inc. compare | −1.30% |
| Steel industry median | 3.18% |
| Basic Materials sector median | 0.96% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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