ArcelorMittal (MT) AI Stock Analysis

• Market Cap: $31.95B
• Dividend Yield: 1.24%
• Average Volume (3M): 1.28M
• Price to Earnings (P/E): 11.8
• Beta (1Y): 1.04
• Revenue Growth: -4.51%
• EPS Growth: N/A
• Country: US
• Employees: 125,416
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 2.34
• Shares Outstanding: 852,809,750
• 10 Day Avg. Volume: 1,414,974
• 30 Day Avg. Volume: 1,276,433
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 0.57
• Enterprise Value/Gross Profit: 0.73
• Enterprise Value/Ebitda: 6.90
• 1Y Price Target: $31.50
• Price Target Upside: -18.33% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 63 Neutral
• Price Target: $35.00 ▼(-9.26% Downside)

ArcelorMittal's overall stock score reflects a solid financial foundation and reasonable valuation. However, technical indicators suggest potential bearish momentum, and challenges in revenue growth and cash flow generation pose risks.

ArcelorMittal Business Overview & Revenue Model

Company Description

ArcelorMittal is the world's leading steel and mining company, with a presence in over 60 countries. The company operates through various segments, including Flat Carbon Steel, Long Carbon Steel, Stainless Steel, and Mining. ArcelorMittal produces a diverse range of steel products used in automotive, construction, appliance, and packaging industries, as well as iron ore and coal for its own operations and external customers.

How the Company Makes Money

ArcelorMittal generates revenue primarily through the sale of steel products, which include flat and long steel products, as well as stainless steel and other specialized products. The company's revenue model is bolstered by its integrated operations, allowing it to produce raw materials such as iron ore and coal, which reduces costs and increases margins. Key revenue streams include sales to automotive and construction sectors, which are significant consumers of steel. Additionally, the company benefits from strategic partnerships and joint ventures that enhance its market reach and operational efficiency. Fluctuations in steel prices and demand in global markets significantly impact its earnings, as does the company's ability to control costs and maintain efficient production processes.

ArcelorMittal Financial Statement Overview

Summary

ArcelorMittal shows strong gross profitability and a stable balance sheet, with a high gross profit margin of 78.1% and a moderate debt-to-equity ratio of 0.25. However, challenges include a declining revenue trend and significant cash flow concerns, with a 203.4% decline in free cash flow growth.

Income Statement

ArcelorMittal's income statement shows a mixed performance. The TTM gross profit margin is exceptionally high at 78.1%, indicating strong profitability from core operations. However, the net profit margin is relatively low at 4.1%, suggesting significant expenses or other financial obligations. Revenue has declined over the past periods, with a notable decrease of 5.3% in the TTM, reflecting challenges in maintaining sales growth. Despite this, the company maintains a positive EBIT and EBITDA margin, indicating operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.25, indicating moderate leverage. The return on equity (ROE) is 4.8%, which is modest but shows the company is generating returns on shareholders' investments. The equity ratio stands at 55.0%, suggesting a strong equity base relative to total assets, which enhances financial stability.

Cash Flow

Cash flow analysis reveals some concerns, particularly with free cash flow growth, which has significantly declined by 203.4% in the TTM. The operating cash flow to net income ratio is 0.21, indicating that operating cash flows are not fully covering net income, which could impact liquidity. However, the free cash flow to net income ratio of 18.3% suggests some level of cash generation relative to profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	60.63B	62.44B	68.28B	79.84B	76.57B	53.27B
Gross Profit	47.38B	5.79B	4.74B	12.54B	19.23B	4.13B
EBITDA	5.02B	6.06B	4.65B	12.92B	19.15B	5.26B
Net Income	2.50B	1.34B	919.00M	9.30B	20.48B	-578.00M
Balance Sheet
Total Assets	98.88B	89.39B	93.92B	94.55B	90.51B	82.05B
Cash, Cash Equivalents and Short-Term Investments	5.36B	6.40B	7.69B	9.41B	4.37B	5.96B
Total Debt	13.73B	11.56B	10.68B	11.65B	8.40B	12.32B
Total Liabilities	42.41B	38.10B	37.85B	38.96B	39.17B	41.81B
Stockholders Equity	54.38B	49.22B	53.96B	53.15B	49.11B	38.28B
Cash Flow
Free Cash Flow	904.00M	447.00M	3.03B	6.74B	6.90B	1.64B
Operating Cash Flow	4.94B	4.85B	7.64B	10.20B	9.90B	4.08B
Investing Cash Flow	-4.78B	-4.99B	-5.85B	-4.48B	-340.00M	-2.01B
Financing Cash Flow	-924.00M	-680.00M	-3.67B	-477.00M	-10.90B	-1.50B

ArcelorMittal Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 38.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MT, the sentiment is Positive. The current price of 38.57 is above the 20-day moving average (MA) of 36.21, above the 50-day MA of 34.33, and above the 200-day MA of 30.12, indicating a bullish trend. The MACD of 1.23 indicates Negative momentum. The RSI at 70.12 is Negative, neither overbought nor oversold. The STOCH value of 80.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MT.

ArcelorMittal Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RS	75 Outperform	$14.78B	20.74	9.93%	1.67%	-3.91%	-30.31%
STLD	74 Outperform	$20.85B	20.66	11.57%	1.38%	-5.51%	-45.07%
NUE	70 Outperform	$31.12B	24.92	6.28%	1.62%	-5.78%	-60.07%
TX	69 Neutral	$7.09B	12.12	4.89%	7.48%	-16.83%	―
MT	63 Neutral	$31.95B	11.83	4.72%	1.24%	-4.51%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PKX	60 Neutral	$14.62B	39.91	0.92%	2.80%	-7.63%	-63.14%

ArcelorMittal Corporate Events

ArcelorMittal Issues €650 Million Notes for Debt Refinancing

On September 30, 2025, ArcelorMittal announced the successful issuance of €650 million in 3.250% notes due in 2030. This financial move, executed under the company’s Euro Medium Term Notes Programme, is aimed at supporting general corporate purposes and refinancing existing debt, highlighting ArcelorMittal’s strategic financial management and its ongoing efforts to optimize its capital structure.

ArcelorMittal Announces Designated Person Share Transactions

On September 23, 2025, ArcelorMittal announced notifications of share transactions by a Designated Person, which are now available on the Luxembourg Stock Exchange’s electronic database and ArcelorMittal’s website. This announcement is in compliance with the Market Abuse Regulations, highlighting the company’s commitment to transparency and regulatory adherence, potentially impacting investor confidence and market perceptions.

ArcelorMittal Releases 2025 Half-Year Financial Report

On August 1, 2025, ArcelorMittal released its half-year report for the period ending June 30, 2025. The report is available on the company’s website and has been filed with the U.S. Securities and Exchange Commission. This announcement reflects ArcelorMittal’s ongoing commitment to transparency and provides stakeholders with insights into its financial performance and strategic direction.

ArcelorMittal Reports First Half 2025 Results Amid Tariff Uncertainty

ArcelorMittal released its interim management report for the first half of 2025, highlighting sales of $30.7 billion and steel shipments of 27.4 million tonnes, slightly down from the previous year. The report notes the impact of U.S. tariff policy uncertainty on the global economy and steel market, with frequent changes in tariffs affecting major trade partners, including Canada, Mexico, and the EU. These developments have implications for ArcelorMittal’s operations and industry positioning, as the company navigates the challenges posed by fluctuating trade policies.

ArcelorMittal Reports Strong Q2 2025 Results and Strategic Growth Initiatives

On July 31, 2025, ArcelorMittal reported its second-quarter results, highlighting a significant improvement in financial performance, with an EBITDA of $1.9 billion and net income of $1.8 billion. The company achieved record iron ore production in Liberia and successfully commissioned a new electric arc furnace in the U.S., strengthening its position in the automotive steel market. The acquisition of full control over AM/NS Calvert and Tuper, along with strategic investments, are expected to boost future EBITDA by $2.1 billion. ArcelorMittal’s strong financial position allows for continued investment in growth and consistent shareholder returns, despite challenges such as geopolitical disruptions and European trade policy uncertainties.

ArcelorMittal Releases Q2 2025 Analyst Consensus Figures

On July 29, 2025, ArcelorMittal announced the publication of its second quarter 2025 sell-side analyst consensus figures. These figures, aggregated by Visible Alpha, reflect the expectations of approximately 15 brokers who independently cover the company. The consensus estimates include an EBITDA of $1,850 million, an adjusted net income of $811 million, and adjusted earnings per share of $1.06. This publication provides stakeholders with an external perspective on the company’s financial performance, although ArcelorMittal does not influence or verify these estimates.