ArcelorMittal (MT) Stock Analysis

November 11, 2026

This is a peer-relative look at ArcelorMittal (MT): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

ArcelorMittal (MT) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for ArcelorMittal (MT)
Profile Item	MT
Name	ArcelorMittal NY Registry Shares
Country/Region	Luxembourg
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Metals & Mining
GICS Sub-Industry	Steel
Market Capitalization	45.85 billion USD
Currency	USD
Exchange	NYSE
Listing Date	August 7, 1997
Security Type	ADR

Price Performance

Cumulative Growth

GSPC

ArcelorMittal (MT) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for ArcelorMittal (MT) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ArcelorMittal (MT) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

ArcelorMittal (MT) metric values compared with Materials industry-group medians
Metric	Current stock: MT	Industry group median
Total Return (1Y)	65.49%	19.59%
Total Return (3Y, Annualized)	45.03%	18.91%
Total Return (5Y, Annualized)	16.55%	5.70%

Risk Profile

Drawdown History

GSPC

ArcelorMittal (MT) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for ArcelorMittal (MT) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

ArcelorMittal (MT) metric values compared with Materials industry-group medians
Metric	Current stock: MT	Industry group median
Volatility (1Y, Annualized)	44.08%	52.82%
Beta (5Y)	1.49	0.97
Max Drawdown (5Y)	-45.99%	-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. MT is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

ArcelorMittal (MT) metric values compared with Materials industry-group medians
Metric	Current stock: MT	Industry group median
Sharpe Ratio (1Y)	1.39	0.32
Sortino Ratio (1Y)	2.23	0.47

Profitability

ROE (TTM)

ArcelorMittal (MT) posts ROE of 1.83%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

MT

Materials industry group

1.83%

Group distribution

Max: 52.88%
Q3: 19.49%
Median: 8.76%
MT: 1.83%
Q1: -3.41%
Min: -32.81%

Largest peers

SCCO: 52.88%
NEM: 27.26%
BHP: 24.00%
AEM: 23.24%
RIO: 19.31%
LIN: 17.72%
MT: 1.83%

Where ArcelorMittal (MT) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

ArcelorMittal (MT) keeps 1.64% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

MT

Materials industry group

1.64%

Group distribution

Max: 38.66%
Q3: 15.98%
Median: 5.28%
MT: 1.64%
Q1: 0.00%
Min: -20.40%

Largest peers

AEM: 41.01%
SCCO: 37.16%
NEM: 34.73%
RIO: 19.59%
LIN: 19.34%
BHP: 16.73%
MT: 1.64%

Where ArcelorMittal (MT) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

ArcelorMittal (MT) turns 6.16% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

MT

Materials industry group

6.16%

Group distribution

Max: 66.70%
Q3: 28.92%
Median: 12.56%
MT: 6.16%
Q1: 3.28%
Min: -14.07%

Largest peers

SCCO: 59.94%
AEM: 55.49%
NEM: 49.99%
BHP: 43.34%
RIO: 28.05%
LIN: 27.97%
MT: 6.16%

Where ArcelorMittal (MT) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

ArcelorMittal (MT) metric values compared with Materials industry-group medians
Metric	Current stock: MT	Industry group median
ROE (TTM)	1.83%	8.76%
ROA (TTM)	1.31%	4.42%
Net Margin (TTM)	1.64%	5.28%
Operating Margin (TTM)	6.16%	12.56%
Gross Margin (TTM)	8.16%	27.57%

Growth

Revenue Growth

ArcelorMittal (MT) grew revenue -1.74%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

ArcelorMittal (MT): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

ArcelorMittal (MT) grew earnings per share 143.20%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

ArcelorMittal (MT): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

ArcelorMittal (MT) metric values compared with Materials industry-group medians
Metric	Current stock: MT	Industry group median
Revenue Growth (YoY)	-1.74%	8.36%
Revenue Growth (3Y CAGR)	-8.41%	0.59%
EPS Growth (YoY)	143.20%	-1.73%
EPS Growth (3Y CAGR)	-26.09%	2.12%

Financial Strength

Current Ratio (MRQ)

ArcelorMittal (MT) has current ratio of 1.41, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

MT

Materials industry group

1.41

Group distribution

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
MT: 1.41
Min: 0.16

Largest peers

SCCO: 4.31
AEM: 2.75
NEM: 2.45
BHP: 1.89
RIO: 1.42
MT: 1.41
LIN: 0.86

Where ArcelorMittal (MT) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

ArcelorMittal (MT) has debt-to-equity ratio of 0.24, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

MT

Materials industry group

0.24

Group distribution

Max: 1.98
Q3: 0.89
Median: 0.47
MT: 0.24
Q1: 0.13
Min: 0.00

Largest peers

LIN: 0.65
SCCO: 0.63
BHP: 0.50
RIO: 0.32
MT: 0.24
NEM: 0.16
AEM: 0.01

Where ArcelorMittal (MT) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

ArcelorMittal (MT) metric values compared with Materials industry-group medians
Metric	Current stock: MT	Industry group median
Current Ratio (MRQ)	1.41	2.24
Debt / Equity (MRQ)	0.24	0.47
Net Debt / EBITDA	2.08	1.37

Dividends

Dividend Yield (TTM)

ArcelorMittal (MT) has dividend yield of 0.99%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

MT

Materials industry group

0.99%

Group distribution

Max: 4.52%
Q3: 1.85%
MT: 0.99%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 5.59%
SCCO: 2.30%
BHP: 2.19%
LIN: 1.21%
MT: 0.99%
AEM: 0.93%
NEM: 0.87%

Where ArcelorMittal (MT) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

ArcelorMittal (MT) has payout ratio of 52.92%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

MT

Materials industry group

52.92%

Group distribution

Max: 83.62%
MT: 52.92%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Largest peers

BHP: 68.84%
RIO: 54.46%
MT: 52.92%
SCCO: 52.43%
LIN: 41.83%
AEM: 14.26%
NEM: 11.95%

Where ArcelorMittal (MT) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

ArcelorMittal (MT) metric values compared with Materials industry-group medians
Metric	Current stock: MT	Industry group median
Dividend Yield (TTM)	0.99%	0.38%
Dividend Payout Ratio (TTM)	52.92%	9.54%

Valuation

P/E Ratio (TTM)

ArcelorMittal (MT) trades at P/E ratio of 44.51, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

MT

Materials industry group

44.51

Group distribution

Max: 59.00
MT: 44.51
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

Largest peers

MT: 44.51
LIN: 34.21
SCCO: 22.27
BHP: 20.70
AEM: 15.61
NEM: 14.03
RIO: 11.35

Where ArcelorMittal (MT) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

ArcelorMittal (MT) trades at 0.72 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

MT

Materials industry group

0.72

Group distribution

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
MT: 0.72
Min: 0.00

Largest peers

SCCO: 8.34
LIN: 6.53
AEM: 6.44
NEM: 4.72
BHP: 3.46
RIO: 2.20
MT: 0.72

Where ArcelorMittal (MT) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

ArcelorMittal (MT) trades at 1.70 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

MT

Materials industry group

1.70

Group distribution

Max: 6.59
Q3: 3.55
Median: 2.08
MT: 1.70
Q1: 1.26
Min: -0.17

Largest peers

SCCO: 10.89
LIN: 6.00
BHP: 3.98
NEM: 3.53
AEM: 3.27
RIO: 2.08
MT: 1.70

Where ArcelorMittal (MT) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

ArcelorMittal (MT) metric values compared with Materials industry-group medians
Metric	Current stock: MT	Industry group median
P/E Ratio (TTM)	44.51	18.82
P/S Ratio (TTM)	0.72	1.87
P/B Ratio (MRQ)	1.70	2.08
Free Cash Flow Yield (TTM)	-1.75%	3.08%