ArcelorMittal (MT) AI Stock Analysis

• Market Cap: $35.01B
• Dividend Yield: 1.03%
• Average Volume (3M): 1.18M
• Price to Earnings (P/E): 14.3
• Beta (1Y): 1.00
• Revenue Growth: -4.51%
• EPS Growth: N/A
• Country: US
• Employees: 125,416
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.50
• Shares Outstanding: 775,000,000
• 10 Day Avg. Volume: 1,149,637
• 30 Day Avg. Volume: 1,176,246
• PEG Ratio: 0.24
• Price to Book (P/B): 0.37
• Price to Sales (P/S): 0.29
• P/FCF Ratio: 40.78
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 0.60
• Enterprise Value/Gross Profit: 1.10
• Enterprise Value/Ebitda: 7.34
• 1Y Price Target: $44.67
• Price Target Upside: -5.58% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: $43.00 ▼(-9.11% Downside)

ArcelorMittal's stock is supported by strong technical momentum and a positive earnings outlook, despite challenges in profitability and cash flow management. The valuation is reasonable, but the low dividend yield limits immediate income potential. The company's strategic initiatives and trade tools provide a positive long-term outlook.

Positive Factors

Structural EBITDA Improvement

Structural improvements in EBITDA indicate successful asset optimization and growth strategies, enhancing long-term profitability.

Strong Balance Sheet

A strong balance sheet with low leverage provides financial stability and flexibility, supporting sustainable growth and investment capacity.

European Trade Tools

New trade tools in Europe can enhance market conditions, supporting ArcelorMittal's competitive position and operational efficiency in the region.

Negative Factors

Operational Challenges in Mexico

Persistent operational challenges in Mexico can strain resources and affect overall profitability, requiring strategic adjustments.

Demand Challenges in Core Regions

Stagnant demand in key markets can hinder growth prospects and necessitate strategic shifts to maintain revenue streams.

High Import Pressure

Import pressures in Brazil and India can depress prices, impacting margins and necessitating competitive strategies to maintain market share.

ArcelorMittal Business Overview & Revenue Model

Company Description

ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Its principal steel products include 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, which includes blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company's principal mining products comprise iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and thermal coal, and pulverized coal injections. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, as well as distributors. The company has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, South Africa, and Ukraine; and coal mining activities in Kazakhstan. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.

How the Company Makes Money

ArcelorMittal generates revenue primarily through the production and sale of steel products. The company's revenue model is centered around its extensive production capabilities, with steel accounting for a significant portion of its income. Key revenue streams include the sale of flat products (such as hot and cold rolled sheets), long products (such as rebar and wire rods), and specialty products tailored for specific industries. Additionally, ArcelorMittal earns revenue from its mining segment, which supplies iron ore and metallurgical coal to its steel operations, reducing dependency on external suppliers and enhancing profit margins. Strategic partnerships with major customers in sectors like automotive and construction further bolster its revenue, enabling the company to secure long-term contracts and stabilize income. Market demand, global pricing of steel and raw materials, and operational efficiency are critical factors influencing ArcelorMittal's earnings.

ArcelorMittal Financial Statement Overview

Summary

ArcelorMittal shows strong revenue growth and operational efficiency, but profitability and cash flow management need improvement. The balance sheet is solid with low leverage, but enhancing return on equity and cash flow generation is crucial for sustained growth.

Income Statement

ArcelorMittal's income statement shows a strong recovery with a significant revenue growth rate of 76% in the TTM period. The gross profit margin is robust at 55%, indicating efficient cost management. However, the net profit margin is relatively low at 4.1%, suggesting room for improvement in profitability. The EBIT and EBITDA margins are moderate, reflecting stable operational efficiency.

Balance Sheet

The balance sheet is stable with a low debt-to-equity ratio of 0.25, indicating prudent financial leverage. The return on equity is modest at 4.8%, showing moderate profitability from shareholders' investments. The equity ratio is healthy, suggesting a strong capital structure. However, the ROE has room for improvement to enhance shareholder value.

Cash Flow

Cash flow analysis reveals challenges with a significant decline in free cash flow growth by 93.6% in the TTM period. The operating cash flow to net income ratio is low at 0.21, indicating potential cash flow constraints. The free cash flow to net income ratio is moderate, but the overall cash flow position needs strengthening to support future growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	61.09B	62.44B	68.28B	79.84B	76.57B	53.27B
Gross Profit	33.56B	5.79B	5.78B	13.96B	19.05B	4.64B
EBITDA	5.04B	6.06B	5.58B	14.23B	19.15B	5.26B
Net Income	2.58B	1.34B	919.00M	9.30B	14.96B	-733.00M
Balance Sheet
Total Assets	98.77B	89.39B	93.92B	94.55B	90.51B	82.05B
Cash, Cash Equivalents and Short-Term Investments	5.73B	6.40B	7.69B	9.30B	4.21B	5.96B
Total Debt	14.87B	11.56B	10.68B	11.65B	8.40B	13.16B
Total Liabilities	42.09B	38.10B	37.85B	38.96B	39.17B	42.66B
Stockholders Equity	54.60B	49.22B	53.96B	53.15B	49.11B	37.44B
Cash Flow
Free Cash Flow	58.00M	447.00M	3.03B	6.74B	6.90B	1.64B
Operating Cash Flow	4.28B	4.85B	7.64B	10.20B	9.90B	4.08B
Investing Cash Flow	-4.42B	-4.99B	-5.85B	-4.48B	-340.00M	-2.01B
Financing Cash Flow	634.00M	-680.00M	-3.67B	-477.00M	-10.90B	-1.50B

ArcelorMittal Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 47.31
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 47.31 is above the 20-day moving average (MA) of 45.91, above the 50-day MA of 42.58, and above the 200-day MA of 34.84, indicating a bullish trend. The MACD of 1.29 indicates Negative momentum. The RSI at 65.71 is Neutral, neither overbought nor oversold. The STOCH value of 74.11 is Neutral, 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
NUE	74 Outperform	$38.42B	23.01	7.98%	1.34%	1.66%	-31.25%
STLD	74 Outperform	$25.14B	22.46	12.47%	1.11%	-1.49%	-31.82%
RS	74 Outperform	$16.10B	22.59	9.94%	1.63%	-0.88%	-25.15%
MT	71 Outperform	$35.01B	14.28	4.72%	1.03%	-4.51%	―
TX	68 Neutral	$7.86B	13.69	4.80%	7.02%	-16.69%	585.38%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PKX	60 Neutral	$15.72B	50.28	0.78%	3.22%	-8.97%	-67.03%

ArcelorMittal Corporate Events

ArcelorMittal to Double India Renewables with $0.9 Billion, 1GW Project Push

On 22 December 2025, ArcelorMittal announced three new renewable energy projects in India totaling 1GW of solar and wind capacity, backed by $0.9 billion of capital expenditure and scheduled for completion between 2027 and 2028, which will double its Indian renewable capacity to 2GW and lift its global renewable portfolio to 3.3GW. The power will supply its AMNS India steelmaking joint venture, contributing to an expected 4 million tonnes of annual CO2 savings and covering about 35% of the Hazira plant’s projected 2028 electricity needs once all Indian projects are online, reinforcing the company’s strategy to secure clean energy for its operations and strengthen its competitive position in low‑carbon steel production alongside similar renewable ventures in Brazil and Argentina.

The most recent analyst rating on (MT) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on ArcelorMittal stock, see the MT Stock Forecast page.

ArcelorMittal Releases 2026 Financial Calendar

On December 12, 2025, ArcelorMittal announced its financial calendar for 2026, detailing the dates for its quarterly earnings results and the Annual General Meeting of Shareholders. This announcement provides stakeholders with a clear timeline for the company’s financial disclosures in the upcoming year, potentially impacting investor relations and market expectations.

The most recent analyst rating on (MT) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on ArcelorMittal stock, see the MT Stock Forecast page.

ArcelorMittal Cancels Over 77 Million Treasury Shares

On November 21, 2025, ArcelorMittal announced the cancellation of 77,809,772 treasury shares, reducing its total shares in issue to 775,000,000. This move is part of the company’s strategy to manage its share capital effectively, with the remaining treasury shares being used to fulfill commitments related to its Long-Term Incentive Plan. The cancellation aligns with transparency requirements under Luxembourg law and is expected to impact the company’s shareholding structure and potentially its market valuation.

The most recent analyst rating on (MT) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on ArcelorMittal stock, see the MT Stock Forecast page.

ArcelorMittal Reports Resilient Q3 2025 Results Amid Strategic Growth

On November 6, 2025, ArcelorMittal announced its third-quarter results for 2025, highlighting a resilient performance despite a typically weak seasonal period. The company reported an EBITDA of $1.5 billion and a net income of $0.4 billion, supported by strategic growth investments and a strong balance sheet. ArcelorMittal is optimistic about its future, driven by new EU trade policies and a focus on high-return strategic projects. The company is also committed to enhancing safety and sustainability, with ongoing efforts to improve its safety culture and capitalize on opportunities in the energy transition sector.

The most recent analyst rating on (MT) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on ArcelorMittal stock, see the MT Stock Forecast page.

ArcelorMittal Finalizes Sale of Bosnia Operations

On October 30, 2025, ArcelorMittal completed the sale of its steel and mining operations in Bosnia and Herzegovina, specifically ArcelorMittal Zenica and ArcelorMittal Prijedor, to H&P d.o.o. Zvornik, part of the Pavgord Group. This sale, initially announced in June 2025, is part of ArcelorMittal’s strategic realignment and could impact its operational focus and market positioning, potentially affecting stakeholders involved in the Bosnian operations.

The most recent analyst rating on (MT) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on ArcelorMittal stock, see the MT Stock Forecast page.

ArcelorMittal Releases Q3 2025 Analyst Consensus Figures

On October 27, 2025, ArcelorMittal announced the publication of its third quarter 2025 sell-side analyst consensus figures, which were aggregated by Visible Alpha from approximately 15 brokers. The consensus estimates include an EBITDA of $1,464 million, a net income of $404 million, and earnings per share of $0.53. This announcement provides stakeholders with an external perspective on the company’s financial performance, although ArcelorMittal does not take responsibility for the accuracy of these estimates.

The most recent analyst rating on (MT) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on ArcelorMittal stock, see the MT Stock Forecast page.