B vs. MT: Barrick Mining vs. ArcelorMittal Stock Comparison

November 11, 2026

How do Barrick Mining (B) 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

Barrick Mining (B) and ArcelorMittal (MT) both belong to the Metals & Mining industry, though B is classified under Gold while MT falls under Steel.

Barrick Mining (B) 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 Barrick Mining (B) and ArcelorMittal (MT)
Profile Item	B	MT
Name	Barrick Mining Corporation	ArcelorMittal NY Registry Shares
Country/Region	Canada	Luxembourg
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Steel
Market Capitalization	66.76 billion USD	45.85 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 13, 1985	August 7, 1997
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

GSPC

Barrick Mining (B) 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

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Trailing total returns for Barrick Mining (B) and ArcelorMittal (MT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Barrick Mining (B) and ArcelorMittal (MT)
Metric	B	MT
Total Return (1Y)	30.63%	65.49%
Total Return (3Y, Annualized)	43.54%	45.03%
Total Return (5Y, Annualized)	19.79%	16.55%

Risk Profile

Drawdown History

GSPC

Barrick Mining (B) 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

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

Risk Metrics

ArcelorMittal (MT) has an aggressive beta of 1.49, indicating higher sensitivity to broad-market moves, while Barrick Mining (B) is defensive at 0.48 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for Barrick Mining (B) and ArcelorMittal (MT)
Metric	B	MT
Volatility (1Y, Annualized)	47.11%	44.08%
Beta (5Y)	0.48	1.49
Max Drawdown (5Y)	-47.62%	-45.99%
Avg. Volume (3M)	9.08M	1.35M

Risk-Adjusted Performance

Risk-Return Positioning

B 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 Barrick Mining (B) and ArcelorMittal (MT)
Metric	B	MT
Sharpe Ratio (1Y)	0.56	1.39
Sortino Ratio (1Y)	0.80	2.23

Profitability

ROE (TTM)

Barrick Mining (B) at 27.01% sits in the top ROE quartile, while ArcelorMittal (MT) at 1.83% is closer to the peer norm — stronger capital efficiency for B.

B

Materials industry group

27.01%

Max: 52.88%
B: 27.01%
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%

Barrick Mining (B) vs. ArcelorMittal (MT): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Barrick Mining (B) at 31.60% retains a top-quartile share of revenue as profit, ahead of ArcelorMittal (MT) at 1.64%, which keeps about the industry-typical share.

B

Materials industry group

31.60%

Max: 38.66%
B: 31.60%
Q3: 15.98%
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%

Barrick Mining (B) vs. ArcelorMittal (MT): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Barrick Mining (B) at 51.34% operates in the top operating margin quartile, ahead of ArcelorMittal (MT) at 6.16%, which runs around its industry’s norm.

B

Materials industry group

51.34%

Max: 66.70%
B: 51.34%
Q3: 28.92%
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%

Barrick Mining (B) vs. ArcelorMittal (MT): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Barrick Mining (B) and ArcelorMittal (MT)
Metric	B	MT
ROE (TTM)	27.01%	1.83%
ROA (TTM)	13.44%	1.31%
Net Margin (TTM)	31.60%	1.64%
Operating Margin (TTM)	51.34%	6.16%
Gross Margin (TTM)	56.27%	8.16%

Growth

Revenue Growth

Barrick Mining (B) at 31.22% 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.

Barrick Mining (B) vs. ArcelorMittal (MT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Barrick Mining (B) at 140.16% and ArcelorMittal (MT) at 143.20% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

Barrick Mining (B) vs. ArcelorMittal (MT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Barrick Mining (B) and ArcelorMittal (MT)
Metric	B	MT
Revenue Growth (YoY)	31.22%	-1.74%
Revenue Growth (3Y CAGR)	15.47%	-8.41%
EPS Growth (YoY)	140.16%	143.20%
EPS Growth (3Y CAGR)	130.26%	-26.09%

Financial Strength

Current Ratio (MRQ)

Barrick Mining (B) at 3.01 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.

B

Materials industry group

3.01

Max: 5.96
Q3: 3.30
B: 3.01
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

Barrick Mining (B) vs. ArcelorMittal (MT): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Barrick Mining (B) at 0.13 keeps leverage in the lower industry quartile, while ArcelorMittal (MT) at 0.24 runs a more typical debt-to-equity mix.

B

Materials industry group

0.13

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
B: 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

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

Financial Strength Metrics

Financial strength metrics for Barrick Mining (B) and ArcelorMittal (MT)
Metric	B	MT
Current Ratio (MRQ)	3.01	1.41
Debt / Equity (MRQ)	0.13	0.24
Net Debt / EBITDA	-0.10	2.08

Dividends

Dividend Yield (TTM)

Both Barrick Mining (B) at 1.61% and ArcelorMittal (MT) at 0.99% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

B

Materials industry group

1.61%

Max: 4.52%
Q3: 1.85%
B: 1.61%
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%

Barrick Mining (B) vs. ArcelorMittal (MT): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Barrick Mining (B) at 23.77% pays out a band-typical share of earnings, while ArcelorMittal (MT) at 52.92% distributes more than its industry norm — less retained, thinner cover.

B

Materials industry group

23.77%

Max: 83.62%
Q3: 41.37%
B: 23.77%
Median: 9.54%
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%

Barrick Mining (B) vs. ArcelorMittal (MT): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Barrick Mining (B) and ArcelorMittal (MT)
Metric	B	MT
Dividend Yield (TTM)	1.61%	0.99%
Dividend Payout Ratio (TTM)	23.77%	52.92%

Valuation

P/E Ratio (TTM)

Barrick Mining (B) at 10.48 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.

B

Materials industry group

10.48

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
B: 10.48
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

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

P/S Ratio (TTM)

ArcelorMittal (MT) at 0.72 sits in the cheaper P/S ratio quartile while Barrick Mining (B) at 3.23 prices around its industry’s middle — MT costs less per dollar of sales, though read it alongside growth and margins.

B

Materials industry group

3.23

Max: 9.62
Q3: 4.34
B: 3.23
Median: 1.87
Q1: 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

Barrick Mining (B) 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 Barrick Mining (B) at 2.44 and ArcelorMittal (MT) at 1.70 are valued close to their industries’ norm against book — neither stands out from peers.

B

Materials industry group

2.44

Max: 6.59
Q3: 3.55
B: 2.44
Median: 2.08
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

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

Valuation Metrics

Valuation metrics for Barrick Mining (B) and ArcelorMittal (MT)
Metric	B	MT
P/E Ratio (TTM)	10.48	44.51
P/S Ratio (TTM)	3.23	0.72
P/B Ratio (MRQ)	2.44	1.70
Free Cash Flow Yield (TTM)	7.62%	-1.75%