ArcelorMittal S.A. (MT) AI Stock Analysis

ArcelorMittal S.A. operates as an integrated steel and mining producer across Europe, the Americas, Asia, and Africa. The company manufactures flat steel products such as slabs, plates, coils, sheets, and coated offerings, alongside long products including blooms, billets, bars, wire rods, rails, and structural sections. Its portfolio also features seamless and welded pipes and tubes. In addition to steelmaking, ArcelorMittal extracts iron ore lumps, fines, concentrates, pellets, and sinter feeds, as well as coking and thermal coal, across sites in countries such as Brazil, Canada, Mexico, South Africa, and Ukraine. It supplies industries including automotive, appliances, engineering, construction, energy, and machinery.

Revenue contracted over three consecutive fiscal years, declining 14.5% in FY2023 to $68.28B, 8.5% in FY2024 to $62.44B, and 1.7% in FY2025 to $61.35B. Despite top-line declines, net income rebounded from $919.0M in FY2023 to $1.34B in FY2024 and $3.15B in FY2025, lifting net margin to 5.1%. For the trailing twelve months ended June 30, 2026, revenue stood at $62.85B with an operating margin of 6.3% and EPS of $2.37. In the latest quarter ended June 30, 2026, quarterly revenue grew 5.2% year-over-year, while quarterly earnings fell 61.7%.

As of June 30, 2026, ArcelorMittal held $4.90B in cash and short-term investments against total debt of $14.42B, leaving net debt at $9.52B. Shareholders' equity was $54.82B, yielding a debt-to-equity ratio of 0.26 and a current ratio of 1.43. In FY2025, the company generated $4.81B in operating cash flow and $471.0M in free cash flow. Capital expenditures totaled $4.34B, while cash returns to shareholders included $262.0M in share buybacks and $421.0M in dividends paid, contributing to a 26.0% reduction in share count over 5 years.

ArcelorMittal trades at a trailing P/E of 26.6x, compared to 19.7x for the median of its US-listed Basic Materials peers. However, its forward P/E of 11.3x and price-to-sales of 0.8x sit below peer group medians of 13.4x and 1.8x, respectively. The company carries an EV-to-EBITDA multiple of 10.0x versus the peer median of 10.5x, alongside a PEG ratio of 0.66. Over the past year, MT stock returned 64.8%, outperforming the S&P 500 (SPY) return of 16.8%, and gained 111.4% over 5 years compared to 83.0% for the index.

ArcelorMittal pays a forward annual dividend of $0.60 per share, distributed quarterly, representing a dividend yield of 0.95% as of October 16, 2026. The company has paid dividends for 6 consecutive years, supported by a payout ratio of 19.2%. Its last ex-dividend date is scheduled for November 13, 2026.

Wall Street coverage consists of 3 Strong Buy, 2 Buy, and 3 Hold ratings, with 0 Sell or Strong Sell recommendations. The mean price target of $77.80 represents a 23.4% upside relative to the last close of $63.05. Analysts project FY2026 revenue of $67.22B and EPS of $3.91, followed by FY2027 revenue of $73.47B and EPS of $7.10 based on 7 analysts. The company beat EPS estimates in 3 of the last 4 quarters, with its next earnings release scheduled for November 5, 2026.

This page is an AI-written research summary of ArcelorMittal S.A. (MT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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