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MT

ArcelorMittal S.A.

MT

NYSE·Basic Materials·Steel·Mkt cap $45.1B

$63.40

▲ +6.99%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$30.17 - $72.50

P/E

16.64

Fwd P/E

13.43

Beta

1.73

Div Yield

0.94%

Avg Vol

1.9M

Shares Out

761.1M

Mkt Cap

$45.1B

Price action

Price chart

Up 79.3% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Vertically integrated mining and steel operations reducing production costs
  • Global scale with operations across 6 continents and diversified customer base
  • Advanced manufacturing capabilities and technological expertise
  • Strategic raw material reserves and long-term mining assets
▼

Bear Case

1 risk

  • Above-average volatility (beta 1.7).

Growth

Stable outlook

Global infrastructure investment and construction demand recovery

Value

Attractively priced below sector peer average

Momentum

Strong

+12.0% over 3m

Quality

Thin

Strong fundamentals

Dividend

Modest

0.94% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 30, 2026

“
Q2 26 RECAP

APR 30, 2026

Reported EPS of $0.75 vs $0.72 consensus (+4.2% surprise). Revenue of $15.5B vs $17.0B expected (-9.3%).

EPS beat +4.2%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+4.2%

Next: Jul 30, 2026

Revenue trend · last 8Q

—

—

—

—

-2%

+3%

+2%

+4%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$16.2B

$15.2B

$14.7B

$14.8B

$15.9B

$15.7B

$15.0B

$15.5B

Margins · last 8Q

Gross

100.0%

Operating

4.9%

Profit

3.7%

View full earnings history →

Wall Street consensus

3 analysts · 33% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

33%

Hold

1

33%

Sell

1

33%

Median Price Target

$60.00

▼ -5.4% vs $63.40

Low $60.00
Median $60.00
High $60.00

Latest: Wells Fargo · May 1, 2026

1 analyst covering

View full analyst page →

vs Industry

How MT stacks vs Steel

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.

Related

Peers & themes

Peers

No peer data available.

Themes

No themes assigned.