MT vs. NEM: ArcelorMittal vs. Newmont Stock Comparison

November 11, 2026

How do ArcelorMittal (MT) and Newmont (NEM) 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

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

Newmont (NEM) 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 ArcelorMittal (MT) and Newmont (NEM)
Profile Item	MT	NEM
Name	ArcelorMittal NY Registry Shares	Newmont Corporation
Country/Region	Luxembourg	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Steel	Gold
Market Capitalization	45.85 billion USD	125.65 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	August 7, 1997	March 17, 1980
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

NEM

GSPC

ArcelorMittal (MT) vs. Newmont (NEM), 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 ArcelorMittal (MT) and Newmont (NEM). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ArcelorMittal (MT) and Newmont (NEM)
Metric	MT	NEM
Total Return (1Y)	65.49%	51.53%
Total Return (3Y, Annualized)	45.03%	57.50%
Total Return (5Y, Annualized)	16.55%	20.41%

Risk Profile

Drawdown History

NEM

GSPC

ArcelorMittal (MT) vs. Newmont (NEM), 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 ArcelorMittal (MT) and Newmont (NEM). 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 Newmont (NEM) is defensive at 0.51 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for ArcelorMittal (MT) and Newmont (NEM)
Metric	MT	NEM
Volatility (1Y, Annualized)	44.08%	48.55%
Beta (5Y)	1.49	0.51
Max Drawdown (5Y)	-45.99%	-62.40%
Avg. Volume (3M)	1.35M	6.95M

Risk-Adjusted Performance

Risk-Return Positioning

MT and NEM 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 ArcelorMittal (MT) and Newmont (NEM)
Metric	MT	NEM
Sharpe Ratio (1Y)	1.39	0.97
Sortino Ratio (1Y)	2.23	1.41

Profitability

ROE (TTM)

Newmont (NEM) at 27.26% sits in the top ROE quartile, while ArcelorMittal (MT) at 1.83% is closer to the peer norm — stronger capital efficiency for NEM.

MT

Materials industry group

1.83%

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

NEM

Materials industry group

27.26%

Max: 52.88%
NEM: 27.26%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

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

Net Margin (TTM)

Newmont (NEM) at 34.73% retains a top-quartile share of revenue as profit, ahead of ArcelorMittal (MT) at 1.64%, which keeps about the industry-typical share.

MT

Materials industry group

1.64%

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

NEM

Materials industry group

34.73%

Max: 38.66%
NEM: 34.73%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

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

Operating Margin (TTM)

Newmont (NEM) at 49.99% operates in the top operating margin quartile, ahead of ArcelorMittal (MT) at 6.16%, which runs around its industry’s norm.

MT

Materials industry group

6.16%

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

NEM

Materials industry group

49.99%

Max: 66.70%
NEM: 49.99%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for ArcelorMittal (MT) and Newmont (NEM)
Metric	MT	NEM
ROE (TTM)	1.83%	27.26%
ROA (TTM)	1.31%	16.37%
Net Margin (TTM)	1.64%	34.73%
Operating Margin (TTM)	6.16%	49.99%
Gross Margin (TTM)	8.16%	68.04%

Growth

Revenue Growth

Newmont (NEM) at 21.34% 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.

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

EPS Growth

Both ArcelorMittal (MT) at 143.20% and Newmont (NEM) at 118.84% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

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

Growth Metrics

Growth metrics for ArcelorMittal (MT) and Newmont (NEM)
Metric	MT	NEM
Revenue Growth (YoY)	-1.74%	21.34%
Revenue Growth (3Y CAGR)	-8.41%	23.91%
EPS Growth (YoY)	143.20%	118.84%
EPS Growth (3Y CAGR)	-26.09%	--

Financial Strength

Current Ratio (MRQ)

Newmont (NEM) at 2.45 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.

MT

Materials industry group

1.41

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

NEM

Materials industry group

2.45

Max: 5.96
Q3: 3.30
NEM: 2.45
Median: 2.24
Q1: 1.45
Min: 0.16

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

Debt / Equity (MRQ)

Both ArcelorMittal (MT) at 0.24 and Newmont (NEM) at 0.16 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

MT

Materials industry group

0.24

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

NEM

Materials industry group

0.16

Max: 1.98
Q3: 0.89
Median: 0.47
NEM: 0.16
Q1: 0.13
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for ArcelorMittal (MT) and Newmont (NEM)
Metric	MT	NEM
Current Ratio (MRQ)	1.41	2.45
Debt / Equity (MRQ)	0.24	0.16
Net Debt / EBITDA	2.08	-0.18

Dividends

Dividend Yield (TTM)

Both ArcelorMittal (MT) at 0.99% and Newmont (NEM) at 0.87% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

MT

Materials industry group

0.99%

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

NEM

Materials industry group

0.87%

Max: 4.52%
Q3: 1.85%
NEM: 0.87%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Newmont (NEM) at 11.95% pays out a band-typical share of earnings, while ArcelorMittal (MT) at 52.92% distributes more than its industry norm — less retained, thinner cover.

MT

Materials industry group

52.92%

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

NEM

Materials industry group

11.95%

Max: 83.62%
Q3: 41.37%
NEM: 11.95%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for ArcelorMittal (MT) and Newmont (NEM)
Metric	MT	NEM
Dividend Yield (TTM)	0.99%	0.87%
Dividend Payout Ratio (TTM)	52.92%	11.95%

Valuation

P/E Ratio (TTM)

Newmont (NEM) at 14.03 is near its industry’s usual P/E ratio, while ArcelorMittal (MT) at 44.51 sits in the richer quartile — MT needs stronger growth or earnings quality to justify the premium.

MT

Materials industry group

44.51

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

NEM

Materials industry group

14.03

Max: 59.00
Q3: 32.93
Median: 18.82
NEM: 14.03
Q1: 11.96
Min: 3.93

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

P/S Ratio (TTM)

ArcelorMittal (MT) at 0.72 looks cheap on sales in the lower P/S ratio quartile, while Newmont (NEM) at 4.72 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

MT

Materials industry group

0.72

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

NEM

Materials industry group

4.72

Max: 9.62
NEM: 4.72
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

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

P/B Ratio (MRQ)

On P/B ratio, both ArcelorMittal (MT) at 1.70 and Newmont (NEM) at 3.53 are valued close to their industries’ norm against book — neither stands out from peers.

MT

Materials industry group

1.70

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

NEM

Materials industry group

3.53

Max: 6.59
Q3: 3.55
NEM: 3.53
Median: 2.08
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for ArcelorMittal (MT) and Newmont (NEM)
Metric	MT	NEM
P/E Ratio (TTM)	44.51	14.03
P/S Ratio (TTM)	0.72	4.72
P/B Ratio (MRQ)	1.70	3.53
Free Cash Flow Yield (TTM)	-1.75%	7.29%