Company Analysis

ArcelorMittal (MT)

NYSE: MT · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) · Grand Duchy Of Luxembourg, LU · filing with the SEC since 2003
Grade4.8
◀ Past 4.4● Present 4.8▶ Future 5.3
1 est.

The company now

ArcelorMittal is classed as a product business under Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) It is based in Grand Duchy Of Luxembourg ArcelorMittal tags no split of its revenue by line in the annual report on file 21

From the record in brief, written by the desk, an AI model, from the company's record on Oct 22, 2026. Nothing here is advice.

Where the revenue comes from

No split of its revenue is on file yet.

The desk's written account of this company, its Past, Present and Future, is not on file yet.

How the company works

The desk has not read this company's annual report yet.

The record in brief

five sections from the record

By the desk, an AI model (Claude Haiku 4.5), written from the company's record on Oct 22, 2026; nothing here is advice. Every sentence rests on the numbered source beside it, and a sentence the record did not support was cut before the report was kept.

A newer current report (Form 6-K, filed 2026-11-10) is on file; this report was written before it, and the desk writes it again on request.

Past

ArcelorMittal's revenue went from $57 billion in fiscal 2016 to $61 billion in fiscal 2025, up 0.9% a year It rose in 4 of 9 years and the deepest fall was 30% from fiscal 2018 to fiscal 2020 Net income was positive in 8 of 10 of those years Over the three fiscal years to 2025, the diluted share count shrank about 5.7% a year Dividends and buybacks returned about 10% of operating cash flow over those three years 1

ArcelorMittal's filings since 2017 show no warning events: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice 1

Present

In its latest annual figures on file, for the fiscal year ended 2025-12-31, ArcelorMittal reported revenue of $61 billion and a profit of $3.2 billion Shareholders' equity stands at $56.54 billion 23

In the fiscal year ended 2025-12-31, ArcelorMittal earned about 6 cents of profit for every dollar of shareholders' money Its products earned about 4 cents per dollar of everything the company owns It owed about 42 cents per dollar of assets, and its share count shrank 3.2% over the year Its revenue of $61 billion in fiscal 2025 ranks in the top 5% by size among 12 graded names in its industry family; a net margin of 5.3% ranks in the top 46%; revenue growth of -8.4% a year over the last three filed years ranks in the bottom 13% 1

ArcelorMittal's leadership is estimated at 4.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months 1

Future

The annual report, foreign filer (Form 20-F) for the fiscal year ending 2026-12-31 is due by 2027-04-30 4

From the newest filed statements for fiscal 2025, cash of $5.4 billion against debt of $13 billion leaves -8.2% of its assets as net cash; cash from operations less capital spending is 7.8% of revenue; a gross margin of 7.1%; research spending of 0.5% of revenue Revenue grew -8.4% a year over the last three filed years against 0.9% over all ten, slowing; the newest year grew -1.7%; research spending grew 5.4% a year 1

Revenue of $61 billion in fiscal 2025 came in 11.1% above the $55 billion its prior three years' pace pointed to; net income of $3.2 billion against a prior three-year average of $4.0 billion; a net margin of 5.3% against 5.2% before 1

How the company operates

ArcelorMittal is classed as a product business under Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) It is based in Grand Duchy Of Luxembourg ArcelorMittal tags no split of its revenue by line in the annual report on file 21

New moves

On 2026-05-13, ArcelorMittal filed Form 424B5, a shelf offering document, showing securities sold off a shelf On 2026-05-12, it filed Form FWP, an offering communication, and Form 424B5, another shelf offering 4

On 2026-10-19, ArcelorMittal filed a Form 6-K 5

Sources

a number beside a sentence opens its entry in its own document's list
The record in brief 5 sources · written Oct 22, 2026
  1. MT: the nine metricsthis site's record
    show the quoted wordsTrack record (past, graded 2.4 of 10, weighs 45% of the past): ArcelorMittal's 10 filed years say what it did: revenue went from $57 billion in fiscal 2016 to $61 billion in fiscal 2025, up 0.9% a year; it rose in 4 of 9 years; the deepest fall was 30% from fiscal 2018 to fiscal 2020; net income was positive in 8 of 10 of those years (its annual reports).Shareholder treatment (past, graded 5.0 of 10, weighs 22% of the past): Over the 3 fiscal years to 2025-12-31, ArcelorMittal's diluted share count shrank about 5.7% a year, and dividends and buybacks returned about 10% of its operating cash flow over 3 years (its filed statements).Surviving crises (past, graded 6.7 of 10, weighs 33% of the past): ArcelorMittal's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).Financial health (present, graded 4.3 of 10, weighs 45% of the present): Return on equity: in the fiscal year ended 2025-12-31, ArcelorMittal earned about 6 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 4 cents per dollar of everything the company owns.Leverage: it owed about 42 cents per dollar of assets, and net share issuance: its share count shrank 3.2% over the year (the filed statements).Industry position (present, graded 5.4 of 10, weighs 33% of the present): ArcelorMittal's standing among 12 graded names in its industry family: revenue of $61 billion in fiscal 2025 ranks in the top 5% by size; a net margin of 5.3% ranks in the top 46%; revenue growth of -8.4% a year over the last 3 filed years ranks in the bottom 13% (its annual reports).Leadership (present, an SI estimate at 4.5 of 10, weighs 22% of the present): SI estimate, not a filed reading: ArcelorMittal's leadership is put at 4.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in theRoom to expand (future, graded 4.9 of 10, weighs 45% of the future): ArcelorMittal's room to grow, from the newest filed statements (fiscal 2025): cash of $5.4 billion against debt of $13 billion leaves -8.2% of its assets as net cash, top 37% of its family; cash from operations less capital spending is 7.8% of revenue (top 21%); a gross margin of 7.1% (bottom 14%); research spending of 0.5% of reGrowth drivers (future, graded 4.5 of 10, weighs 33% of the future): ArcelorMittal's growth drivers, from the filed years to fiscal 2025: revenue grew -8.4% a year over the last three filed years against 0.9% over all 10, slowing (top 46% of its family); the newest year grew -1.7% (bottom 46%); research spending grew 5.4% a year (bottom 36%) (its annual reports).Expectations vs reality (future, graded 7.4 of 10, weighs 22% of the future): ArcelorMittal's newest year against its own record: revenue of $61 billion in fiscal 2025 came in 11.1% above the $55 billion its prior three years' pace pointed to (top 37% of its family); net income of $3.2 billion against a prior three-year average of $4.0 billion (top 21%); a net margin of 5.3% against 5.2% before (tArcelorMittal tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
  2. MT: the company filethis site's record
    show the quoted wordsIn its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $61 billion and a profit of $3.2 billion (its filed statements).Product business (prior from its industry code (SEC 3312, Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)); the filing read can change it). Sector: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (SIC 3312).Based in Grand Duchy Of Luxembourg, LU.
  3. MT: net worth, from the balance sheeta filing
    show the quoted wordsShareholders' equity, or book value, the net worth on its own books: $56.54 billion as of 2025-12-31, what it owns minus what it owes (the filed figure, ifrs-full:Equity, Form 20-F filed 2026-03-06).
  4. MT: the filing record, ten yearsa filing
    show the quoted wordsDeadline ahead: Annual report, foreign filer (Form 20-F) for the fiscal year ending 2026-12-31 is due by 2027-04-30; foreign filers have four months after the fiscal year ends.Document: https://www.sec.gov/Archives/edgar/data/1243429/000124342926000041 2026-05-13: Form 424B5, Shelf offering. The filing record and the share count: securities sold off a shelf.Nothing graded: a written communication about an offering. Document: https://www.sec.gov/Archives/edgar/data/1243429/000110465926059424 2026-05-12: Form 424B5, Shelf offering.
  5. MT: the alerts of the last thirty days (headlines only; the desk has not read the articles)this site's record
    show the quoted words2026-10-19, SEC EDGAR, current 6-K filings: "ArcelorMittal filed a Form 6-K"
SI Assistanton MT · research, not advice