Global steel and mining company producing flat and long steel products for automotive, construction and industrial customers.
Profile & Fundamentals
ArcelorMittal: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
ArcelorMittal Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. It offers 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, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrate, pellets, and sinter feeds; and coking coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, and distributors. The company operates iron ore mining activities in Brazil, Bosnia, Liberia, Mexico, South Africa, and Ukraine, as well as in India and in Canada. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg, Luxembourg.
Company profile record
ArcelorMittal SA
Common Stock · Materials · Steel
Company
- Company / asset
- ArcelorMittal SA
- Security type
- Common Stock
- Sector
- Materials
- Industry
- Steel
- HQ
- 🇱🇺 Luxembourg
- Head office
- 24-26, Boulevard d?Avranches, Luxembourg, Luxembourg, 1160
Leadership & scale
- Chief executive
- Mr. Aditya Mittal
- CEO year born
- 1976
- Full-time employees
- 125.6K
- Fiscal year end
- December
- IPO date
- 1997-08-08
Fundamentals snapshot
- Market Cap
- EUR 44.5B
- P/E
- 28.0x
- Revenue (Q2 26)
- USD 16.8B
- Profit (Q2 26)
- USD 683.0M
- Dividend Yield
- 0.9%
- Revenue (FY 25)
- USD 61.4B
- Shares in public float
- 413.2M
- Insider ownership
- 43.96%
Reporting & identifiers
- Symbol
- MT.AMS
- Listing
- 🇳🇱 Netherlands | Dividend Tax: 15%
- Ticker Currency
- EUR
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- LU1598757687
- Asset ID
- equity_45b98ac2-7a0d-50ab-828d-307de44e6e1e
Ownership
Shares Outstanding
Latest: 764.0M | Max: 1.2B | Min: 764.0M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
54.09%
413.2M latest reported shares
Insider Ownership
43.96%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 1,024,000,000 |
| 2018-01-01 | 1,020,000,000 |
| 2019-01-01 | 1,012,000,000 |
| 2020-01-01 | 1,204,000,000 |
| 2021-01-01 | 1,033,000,000 |
| 2022-01-01 | 868,000,000 |
| 2023-01-01 | 830,000,000 |
| 2024-01-01 | 772,000,000 |
| 2025-01-01 | 764,000,000 |
| 2026-01-01 | 764,000,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
ArcelorMittal's recent financial performance presents a deceptive contrast between headline accounting profits and underlying cash reality. In fiscal 2025, reported net income surged 135% to $3.15 billion despite revenues dipping 1.74% to $61.4 billion, aided by European price resilience and non-operating gains from the Calvert acquisition. However, trailing twelve-month net income through mid-2026 compressed to $1.81 billion as rising continental energy bills squeezed steelmaking margins. The critical revelation lies in cash generation. Trailing free cash flow fell to negative $1.39 billion due to seasonal working capital absorption and intense investment. While operating EBITDA per tonne rebounded to $155 in second-quarter 2026, paper profits are not yet translating into liquid owner earnings.
ArcelorMittal's recent financial performance presents a deceptive contrast between headline accounting profits and underlying cash reality. In fiscal 2025, reported net income surged 135% to $3.15 billion despite revenues dipping 1.74% to $61.4 billion, aided by European price resilience and non-operating gains from the Calvert acquisition. However, trailing twelve-month net income through mid-2026 compressed to $1.81 billion as rising continental energy bills squeezed steelmaking margins. The critical revelation lies in cash generation. Trailing free cash flow fell to negative $1.39 billion due to seasonal working capital absorption and intense investment. While operating EBITDA per tonne rebounded to $155 in second-quarter 2026, paper profits are not yet translating into liquid owner earnings.
Revenue, Net Income, and Free Cash Flow
Latest: USD 61.4B | Max: USD 79.8B | Min: USD -2.4B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 11x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins reflect a tug-of-war between regulatory protection and severe conversion cost inflation. Operating margins stood at 5.91% in 2025 before compressing to 4.27% on a trailing basis by mid-2026. While European EBITDA per tonne rebounded sharply under import quota protections, gross margins lingering near 9.6% remain far below pandemic super-cycle peaks. Surging European natural gas and electricity tariffs have outpaced finished steel price realizations, squeezing unit profitability. While proprietary automotive Usibor steels and electrical sheets command healthy contract premiums, commoditized steel segments face persistent margin pressure, preventing operating margins from breaking out into sustainable double digits.
Profitability margins reflect a tug-of-war between regulatory protection and severe conversion cost inflation. Operating margins stood at 5.91% in 2025 before compressing to 4.27% on a trailing basis by mid-2026. While European EBITDA per tonne rebounded sharply under import quota protections, gross margins lingering near 9.6% remain far below pandemic super-cycle peaks. Surging European natural gas and electricity tariffs have outpaced finished steel price realizations, squeezing unit profitability. While proprietary automotive Usibor steels and electrical sheets command healthy contract premiums, commoditized steel segments face persistent margin pressure, preventing operating margins from breaking out into sustainable double digits.
Profitability Margins
Latest: 9.6% | Max: 95.7% | Min: -3.4%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
9.6%
Gross profit / revenue
Operating Margin
5.9%
Operating income / revenue
Net Margin
5.1%
Net income / revenue
FCF Margin
0.8%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 56,791,000,000 | 1,779,000,000 | 264,000,000 |
| 2017-12-31 | 68,679,000,000 | 4,568,000,000 | 1,744,000,000 |
| 2018-12-31 | 76,033,000,000 | 5,149,000,000 | 891,000,000 |
| 2019-12-31 | 70,615,000,000 | -2,391,000,000 | 2,445,000,000 |
| 2020-12-31 | 53,270,000,000 | -578,000,000 | 1,643,000,000 |
| 2021-12-31 | 76,571,000,000 | 14,956,000,000 | 6,897,000,000 |
| 2022-12-31 | 79,844,000,000 | 9,302,000,000 | 6,735,000,000 |
| 2023-12-31 | 68,275,000,000 | 919,000,000 | 3,032,000,000 |
| 2024-12-31 | 62,441,000,000 | 1,339,000,000 | 447,000,000 |
| 2025-12-31 | 61,352,000,000 | 3,152,000,000 | 490,202,638 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 11.09 | Trailing four quarters |
| 2024-12-31 | 13.45 | Trailing four quarters |
| 2023-12-31 | 25.51 | Trailing four quarters |
| 2022-12-31 | 2.45 | Annual net income |
| 2021-12-31 | 2.22 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 11.2 | 7.33 | 3.13 | 0.46 |
| 2017-12-31 | 11.36 | 7.91 | 6.65 | 2.54 |
| 2018-12-31 | 11.85 | 8.6 | 6.77 | 1.17 |
| 2019-12-31 | 95.66 | -1.88 | -3.39 | 3.46 |
| 2020-12-31 | 7.76 | -2.47 | -1.09 | 3.08 |
| 2021-12-31 | 25.34 | 22.17 | 19.53 | 9.01 |
| 2022-12-31 | 17.74 | 12.87 | 11.65 | 8.44 |
| 2023-12-31 | 11.07 | 3.43 | 1.35 | 4.44 |
| 2024-12-31 | 10.05 | 5.3 | 2.14 | 0.72 |
| 2025-12-31 | 9.63 | 5.91 | 5.14 | 0.8 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-06.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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