CX vs. MT: CEMEX vs. ArcelorMittal Stock Comparison

November 11, 2026

How do CEMEX (CX) 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

CEMEX (CX) and ArcelorMittal (MT) both fall under the Materials industry group, but CX is classified in Construction Materials while MT is classified in Metals & Mining.

Both CEMEX (CX) and ArcelorMittal (MT) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for CEMEX (CX) and ArcelorMittal (MT)
Profile Item	CX	MT
Name	Cemex S.A.B. de C.V. Sponsored ADR	ArcelorMittal NY Registry Shares
Country/Region	Mexico	Luxembourg
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Construction Materials	Metals & Mining
GICS Sub-Industry	Construction Materials	Steel
Market Capitalization	15.47 billion USD	45.85 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 15, 1999	August 7, 1997
Security Type	ADR	ADR

Price Performance

Cumulative Growth

GSPC

CEMEX (CX) 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 CEMEX (CX) and ArcelorMittal (MT). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for CEMEX (CX) and ArcelorMittal (MT)
Metric	CX	MT
Total Return (1Y)	7.57%	65.49%
Total Return (3Y, Annualized)	17.84%	45.03%
Total Return (5Y, Annualized)	10.81%	16.55%

Risk Profile

Drawdown History

GSPC

CEMEX (CX) 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 CEMEX (CX) and ArcelorMittal (MT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CEMEX (CX) and ArcelorMittal (MT)
Metric	CX	MT
Volatility (1Y, Annualized)	36.82%	44.08%
Beta (5Y)	1.57	1.49
Max Drawdown (5Y)	-53.08%	-45.99%
Avg. Volume (3M)	7.01M	1.35M

Risk-Adjusted Performance

Risk-Return Positioning

CX 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 CEMEX (CX) and ArcelorMittal (MT)
Metric	CX	MT
Sharpe Ratio (1Y)	0.09	1.39
Sortino Ratio (1Y)	0.14	2.23

Profitability

ROE (TTM)

Both CEMEX (CX) at 5.17% and ArcelorMittal (MT) at 1.83% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

CX

Materials industry group

5.17%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
CX: 5.17%
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%

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

Net Margin (TTM)

Both CEMEX (CX) at 3.60% 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.

CX

Materials industry group

3.60%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
CX: 3.60%
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%

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

Operating Margin (TTM)

Both CEMEX (CX) at 14.77% and ArcelorMittal (MT) at 6.16% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CX

Materials industry group

14.77%

Max: 66.70%
Q3: 28.92%
CX: 14.77%
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%

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

Profitability Metrics

Profitability metrics for CEMEX (CX) and ArcelorMittal (MT)
Metric	CX	MT
ROE (TTM)	5.17%	1.83%
ROA (TTM)	5.07%	1.31%
Net Margin (TTM)	3.60%	1.64%
Operating Margin (TTM)	14.77%	6.16%
Gross Margin (TTM)	33.48%	8.16%

Growth

Revenue Growth

CEMEX (CX) at 0.43% 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.

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

EPS Growth

ArcelorMittal (MT) at 143.20% sits in the top EPS growth quartile, while CEMEX (CX) at 2.35% is closer to the peer norm — faster per-share earnings growth for MT.

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

Growth Metrics

Growth metrics for CEMEX (CX) and ArcelorMittal (MT)
Metric	CX	MT
Revenue Growth (YoY)	0.43%	-1.74%
Revenue Growth (3Y CAGR)	3.13%	-8.41%
EPS Growth (YoY)	2.35%	143.20%
EPS Growth (3Y CAGR)	4.14%	-26.09%

Financial Strength

Current Ratio (MRQ)

Both CEMEX (CX) at 0.95 and ArcelorMittal (MT) at 1.41 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

CX

Materials industry group

0.95

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
CX: 0.95
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

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

Debt / Equity (MRQ)

Both CEMEX (CX) at 0.46 and ArcelorMittal (MT) at 0.24 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CX

Materials industry group

0.46

Max: 1.98
Q3: 0.89
Median: 0.47
CX: 0.46
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

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

Financial Strength Metrics

Financial strength metrics for CEMEX (CX) and ArcelorMittal (MT)
Metric	CX	MT
Current Ratio (MRQ)	0.95	1.41
Debt / Equity (MRQ)	0.46	0.24
Net Debt / EBITDA	1.60	2.08

Dividends

Dividend Yield (TTM)

CEMEX (CX) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile ArcelorMittal (MT) reports a yield of 0.99%, ranking against industry peers normally.

CX

Materials industry group

0.00%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
CX: 0.00%
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%

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

Dividend Payout Ratio (TTM)

Both CEMEX (CX) at 67.86% and ArcelorMittal (MT) at 52.92% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

CX

Materials industry group

67.86%

Max: 83.62%
CX: 67.86%
Q3: 41.37%
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%

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

Dividend Metrics

Dividend metrics for CEMEX (CX) and ArcelorMittal (MT)
Metric	CX	MT
Dividend Yield (TTM)	0.00%	0.99%
Dividend Payout Ratio (TTM)	67.86%	52.92%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: ArcelorMittal (MT) at 44.51 sits in the richer P/E ratio quartile, and CEMEX (CX) at 67.00 is richer still, above its industry range.

CX

Materials industry group

67.00

CX: 67.00
Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
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

CEMEX (CX) 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 CEMEX (CX) at 0.89 prices around its industry’s middle — MT costs less per dollar of sales, though read it alongside growth and margins.

CX

Materials industry group

0.89

Max: 9.62
Q3: 4.34
Median: 1.87
CX: 0.89
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

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

P/B Ratio (MRQ)

CEMEX (CX) at 1.20 sits in the lower P/B ratio quartile against book while ArcelorMittal (MT) at 1.70 is valued near its industry’s middle — CX is cheaper on assets, though weigh it against ROE and asset quality.

CX

Materials industry group

1.20

Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
CX: 1.20
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

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

Valuation Metrics

Valuation metrics for CEMEX (CX) and ArcelorMittal (MT)
Metric	CX	MT
P/E Ratio (TTM)	67.00	44.51
P/S Ratio (TTM)	0.89	0.72
P/B Ratio (MRQ)	1.20	1.70
Free Cash Flow Yield (TTM)	8.86%	-1.75%