MT vs. RGLD: ArcelorMittal vs. Royal Gold Stock Comparison

November 11, 2026

How do ArcelorMittal (MT) and Royal Gold (RGLD) 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 Royal Gold (RGLD) both belong to the Metals & Mining industry, though MT is classified under Steel while RGLD falls under Gold.

Royal Gold (RGLD) 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 Royal Gold (RGLD)
Profile Item	MT	RGLD
Name	ArcelorMittal NY Registry Shares	Royal Gold, Inc.
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	22.47 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	August 7, 1997	June 9, 1981
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

RGLD

GSPC

ArcelorMittal (MT) vs. Royal Gold (RGLD), 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 Royal Gold (RGLD). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ArcelorMittal (MT) and Royal Gold (RGLD)
Metric	MT	RGLD
Total Return (1Y)	65.49%	60.60%
Total Return (3Y, Annualized)	45.03%	39.65%
Total Return (5Y, Annualized)	16.55%	23.26%

Risk Profile

Drawdown History

RGLD

GSPC

ArcelorMittal (MT) vs. Royal Gold (RGLD), 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 Royal Gold (RGLD). 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 Royal Gold (RGLD) is defensive at 0.39 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for ArcelorMittal (MT) and Royal Gold (RGLD)
Metric	MT	RGLD
Volatility (1Y, Annualized)	44.08%	41.91%
Beta (5Y)	1.49	0.39
Max Drawdown (5Y)	-45.99%	-40.73%
Avg. Volume (3M)	1.35M	667.01K

Risk-Adjusted Performance

Risk-Return Positioning

MT and RGLD 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 Royal Gold (RGLD)
Metric	MT	RGLD
Sharpe Ratio (1Y)	1.39	1.34
Sortino Ratio (1Y)	2.23	2.00

Profitability

ROE (TTM)

Both ArcelorMittal (MT) at 1.83% and Royal Gold (RGLD) at 15.03% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

MT

Materials industry group

1.83%

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

RGLD

Materials industry group

15.03%

Max: 52.88%
Q3: 19.49%
RGLD: 15.03%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

ArcelorMittal (MT) vs. Royal Gold (RGLD): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Royal Gold (RGLD) at 47.99% converts revenue to bottom-line profit above its industry’s benchmark range, while ArcelorMittal (MT) at 1.64% keeps roughly the typical share for its industry.

MT

Materials industry group

1.64%

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

RGLD

Materials industry group

47.99%

RGLD: 47.99%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

ArcelorMittal (MT) vs. Royal Gold (RGLD): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Royal Gold (RGLD) at 65.85% 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%

RGLD

Materials industry group

65.85%

Max: 66.70%
RGLD: 65.85%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

ArcelorMittal (MT) vs. Royal Gold (RGLD): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for ArcelorMittal (MT) and Royal Gold (RGLD)
Metric	MT	RGLD
ROE (TTM)	1.83%	15.03%
ROA (TTM)	1.31%	9.97%
Net Margin (TTM)	1.64%	47.99%
Operating Margin (TTM)	6.16%	65.85%
Gross Margin (TTM)	8.16%	86.63%

Growth

Revenue Growth

Royal Gold (RGLD) at 43.24% sits in the top revenue growth quartile, while ArcelorMittal (MT) at -1.74% is in the bottom quartile, showing a clear gap in revenue momentum.

ArcelorMittal (MT) vs. Royal Gold (RGLD): 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 Royal Gold (RGLD) at 32.74% is closer to the peer norm — faster per-share earnings growth for MT.

ArcelorMittal (MT) vs. Royal Gold (RGLD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ArcelorMittal (MT) and Royal Gold (RGLD)
Metric	MT	RGLD
Revenue Growth (YoY)	-1.74%	43.24%
Revenue Growth (3Y CAGR)	-8.41%	19.54%
EPS Growth (YoY)	143.20%	32.74%
EPS Growth (3Y CAGR)	-26.09%	22.60%

Financial Strength

Current Ratio (MRQ)

Royal Gold (RGLD) at 2.40 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

RGLD

Materials industry group

2.40

Max: 5.96
Q3: 3.30
RGLD: 2.40
Median: 2.24
Q1: 1.45
Min: 0.16

ArcelorMittal (MT) vs. Royal Gold (RGLD): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Royal Gold (RGLD) at 0.02 keeps leverage in the lower industry quartile, while ArcelorMittal (MT) at 0.24 runs a more typical debt-to-equity mix.

MT

Materials industry group

0.24

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

RGLD

Materials industry group

0.02

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
RGLD: 0.02
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for ArcelorMittal (MT) and Royal Gold (RGLD)
Metric	MT	RGLD
Current Ratio (MRQ)	1.41	2.40
Debt / Equity (MRQ)	0.24	0.02
Net Debt / EBITDA	2.08	-0.03

Dividends

Dividend Yield (TTM)

Both ArcelorMittal (MT) at 0.99% and Royal Gold (RGLD) at 0.74% 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%

RGLD

Materials industry group

0.74%

Max: 4.52%
Q3: 1.85%
RGLD: 0.74%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

ArcelorMittal (MT) vs. Royal Gold (RGLD): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Royal Gold (RGLD) at 19.41% 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%

RGLD

Materials industry group

19.41%

Max: 83.62%
Q3: 41.37%
RGLD: 19.41%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

ArcelorMittal (MT) vs. Royal Gold (RGLD): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for ArcelorMittal (MT) and Royal Gold (RGLD)
Metric	MT	RGLD
Dividend Yield (TTM)	0.99%	0.74%
Dividend Payout Ratio (TTM)	52.92%	19.41%

Valuation

P/E Ratio (TTM)

Royal Gold (RGLD) at 27.15 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

RGLD

Materials industry group

27.15

Max: 59.00
Q3: 32.93
RGLD: 27.15
Median: 18.82
Q1: 11.96
Min: 3.93

ArcelorMittal (MT) vs. Royal Gold (RGLD): 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 Royal Gold (RGLD) at 12.86 prices above its industry range — a wide gap in sales valuation between them.

MT

Materials industry group

0.72

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

RGLD

Materials industry group

12.86

RGLD: 12.86
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

ArcelorMittal (MT) vs. Royal Gold (RGLD): 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 Royal Gold (RGLD) at 2.91 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

RGLD

Materials industry group

2.91

Max: 6.59
Q3: 3.55
RGLD: 2.91
Median: 2.08
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for ArcelorMittal (MT) and Royal Gold (RGLD)
Metric	MT	RGLD
P/E Ratio (TTM)	44.51	27.15
P/S Ratio (TTM)	0.72	12.86
P/B Ratio (MRQ)	1.70	2.91
Free Cash Flow Yield (TTM)	-1.75%	4.24%