ArcelorMittal (MT) AI Stock Analysis

• Market Cap: $30.80B
• Dividend Yield: 1.15%
• Average Volume (3M): 1.37M
• Price to Earnings (P/E): 11.4
• Beta (1Y): 1.08
• 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: 852,809,750
• 10 Day Avg. Volume: 1,083,249
• 30 Day Avg. Volume: 1,373,138
• 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: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $39.00
• Price Target Upside: 0.46% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: $43.00 ▲(10.77% Upside)

ArcelorMittal's overall stock score is driven by strong technical indicators and positive earnings call insights, highlighting structural improvements and strategic growth. Financial performance is solid, but profitability and cash flow management need improvement. Valuation is reasonable, supporting a stable investment outlook.

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 revenue growth and operational efficiency, with a robust gross profit margin. However, profitability is limited by a low net profit margin and declining free cash flow, indicating challenges in cash flow management.

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: 38.82
• 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 38.82 is below the 20-day moving average (MA) of 39.02, above the 50-day MA of 38.04, and above the 200-day MA of 32.56, indicating a bullish trend. The MACD of 0.62 indicates Negative momentum. The RSI at 61.29 is Neutral, neither overbought nor oversold. The STOCH value of 55.30 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
STLD	77 Outperform	$23.10B	20.98	12.47%	1.29%	-1.49%	-31.82%
NUE	74 Outperform	$34.87B	21.41	7.98%	1.43%	1.66%	-31.25%
RS	73 Outperform	$14.39B	20.12	9.94%	1.74%	-0.88%	-25.15%
TX	73 Outperform	$7.05B	12.28	4.80%	7.63%	-16.69%	585.38%
MT	71 Outperform	$30.80B	11.38	4.72%	1.15%	-4.51%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PKX	60 Neutral	$16.31B	50.65	0.78%	2.51%	-8.97%	-67.03%

ArcelorMittal Corporate Events

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.

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.

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.

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.