AA vs. MT: Alcoa vs. ArcelorMittal Stock Comparison

November 11, 2026

How do Alcoa (AA) and ArcelorMittal (MT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Alcoa (AA) and ArcelorMittal (MT) both belong to the Metals & Mining industry, though AA is classified under Aluminum while MT falls under Steel.

Alcoa (AA) trades as ordinary local shares, while ArcelorMittal (MT) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Alcoa (AA) and ArcelorMittal (MT)
Profile Item	AA	MT
Name	Alcoa Corporation	ArcelorMittal NY Registry Shares
Country/Region	United States	Luxembourg
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Aluminum	Steel
Market Capitalization	10.44 billion USD	45.85 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	August 7, 1997
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

GSPC

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

Trailing Returns

Loading price history…

Trailing total returns for Alcoa (AA) and ArcelorMittal (MT). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Alcoa (AA) and ArcelorMittal (MT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Alcoa (AA) and ArcelorMittal (MT)
Metric	AA	MT
Total Return (1Y)	12.55%	65.49%
Total Return (3Y, Annualized)	20.53%	45.03%
Total Return (5Y, Annualized)	-1.46%	16.55%

Risk Profile

Drawdown History

GSPC

Alcoa (AA) vs. ArcelorMittal (MT), with S&P 500 (GSPC) for reference: 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

Loading price history…

Distribution of monthly total returns for Alcoa (AA) and ArcelorMittal (MT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Alcoa (AA) and ArcelorMittal (MT)
Metric	AA	MT
Volatility (1Y, Annualized)	53.37%	44.08%
Beta (5Y)	1.80	1.49
Max Drawdown (5Y)	-75.46%	-45.99%
Avg. Volume (3M)	4.61M	1.35M

Risk-Adjusted Performance

Risk-Return Positioning

AA and MT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Alcoa (AA) and ArcelorMittal (MT)
Metric	AA	MT
Sharpe Ratio (1Y)	0.16	1.39
Sortino Ratio (1Y)	0.23	2.23

Profitability

ROE (TTM)

Alcoa (AA) at 20.58% sits in the top ROE quartile, while ArcelorMittal (MT) at 1.83% is closer to the peer norm — stronger capital efficiency for AA.

AA

Materials industry group

20.58%

Max: 52.88%
AA: 20.58%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

MT

Materials industry group

1.83%

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

Alcoa (AA) vs. ArcelorMittal (MT): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Both Alcoa (AA) at 10.68% and ArcelorMittal (MT) at 1.64% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

AA

Materials industry group

10.68%

Max: 38.66%
Q3: 15.98%
AA: 10.68%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

MT

Materials industry group

1.64%

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

Alcoa (AA) vs. ArcelorMittal (MT): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Alcoa (AA) at 16.01% and ArcelorMittal (MT) at 6.16% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

AA

Materials industry group

16.01%

Max: 66.70%
Q3: 28.92%
AA: 16.01%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

MT

Materials industry group

6.16%

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

Alcoa (AA) vs. ArcelorMittal (MT): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Alcoa (AA) and ArcelorMittal (MT)
Metric	AA	MT
ROE (TTM)	20.58%	1.83%
ROA (TTM)	7.52%	1.31%
Net Margin (TTM)	10.68%	1.64%
Operating Margin (TTM)	16.01%	6.16%
Gross Margin (TTM)	22.76%	8.16%

Growth

Revenue Growth

Alcoa (AA) at 7.87% is around its peer norm for revenue growth, while ArcelorMittal (MT) at -1.74% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Alcoa (AA) vs. ArcelorMittal (MT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Alcoa (AA) at 1,600.00% is the standout with EPS growth above its industry range; ArcelorMittal (MT) at 143.20% also sits in the top quartile.

Alcoa (AA) vs. ArcelorMittal (MT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Alcoa (AA) and ArcelorMittal (MT)
Metric	AA	MT
Revenue Growth (YoY)	7.87%	-1.74%
Revenue Growth (3Y CAGR)	1.01%	-8.41%
EPS Growth (YoY)	1,600.00%	143.20%
EPS Growth (3Y CAGR)	--	-26.09%

Financial Strength

Current Ratio (MRQ)

Alcoa (AA) at 2.31 keeps current ratio within its industry’s typical mid-range, while ArcelorMittal (MT) at 1.41 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MT.

AA

Materials industry group

2.31

Max: 5.96
Q3: 3.30
AA: 2.31
Median: 2.24
Q1: 1.45
Min: 0.16

MT

Materials industry group

1.41

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

Alcoa (AA) vs. ArcelorMittal (MT): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Alcoa (AA) at 0.58 and ArcelorMittal (MT) at 0.24 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

AA

Materials industry group

0.58

Max: 1.98
Q3: 0.89
AA: 0.58
Median: 0.47
Q1: 0.13
Min: 0.00

MT

Materials industry group

0.24

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

Alcoa (AA) vs. ArcelorMittal (MT): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Alcoa (AA) and ArcelorMittal (MT)
Metric	AA	MT
Current Ratio (MRQ)	2.31	1.41
Debt / Equity (MRQ)	0.58	0.24
Net Debt / EBITDA	0.14	2.08

Dividends

Dividend Yield (TTM)

Both Alcoa (AA) at 1.04% and ArcelorMittal (MT) at 0.99% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

AA

Materials industry group

1.04%

Max: 4.52%
Q3: 1.85%
AA: 1.04%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

MT

Materials industry group

0.99%

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

Alcoa (AA) vs. ArcelorMittal (MT): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Alcoa (AA) at 6.96% pays out a band-typical share of earnings, while ArcelorMittal (MT) at 52.92% distributes more than its industry norm — less retained, thinner cover.

AA

Materials industry group

6.96%

Max: 83.62%
Q3: 41.37%
Median: 9.54%
AA: 6.96%
Q1: 0.00%
Min: 0.00%

MT

Materials industry group

52.92%

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

Alcoa (AA) vs. ArcelorMittal (MT): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Alcoa (AA) and ArcelorMittal (MT)
Metric	AA	MT
Dividend Yield (TTM)	1.04%	0.99%
Dividend Payout Ratio (TTM)	6.96%	52.92%

Valuation

P/E Ratio (TTM)

Alcoa (AA) at 6.88 sits in the cheaper P/E ratio quartile, while ArcelorMittal (MT) at 44.51 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

AA

Materials industry group

6.88

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
AA: 6.88
Min: 3.93

MT

Materials industry group

44.51

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

Alcoa (AA) vs. ArcelorMittal (MT): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Both Alcoa (AA) at 0.73 and ArcelorMittal (MT) at 0.72 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

AA

Materials industry group

0.73

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
AA: 0.73
Min: 0.00

MT

Materials industry group

0.72

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

Alcoa (AA) vs. ArcelorMittal (MT): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Alcoa (AA) at 1.27 and ArcelorMittal (MT) at 1.70 are valued close to their industries’ norm against book — neither stands out from peers.

AA

Materials industry group

1.27

Max: 6.59
Q3: 3.55
Median: 2.08
AA: 1.27
Q1: 1.26
Min: -0.17

MT

Materials industry group

1.70

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

Alcoa (AA) vs. ArcelorMittal (MT): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Alcoa (AA) and ArcelorMittal (MT)
Metric	AA	MT
P/E Ratio (TTM)	6.88	44.51
P/S Ratio (TTM)	0.73	0.72
P/B Ratio (MRQ)	1.27	1.70
Free Cash Flow Yield (TTM)	8.80%	-1.75%