ArcelorMittal
MT, AMSYF, ARCXF · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) · EDGAR filings ↗
Grade
C68Global scaled steelmaker with a strong earnings rebound but thin, commodity-driven margins and mid-pack returns.
Strengths
- Net income growth +135% (91st pct), interest coverage 6.3x (75th pct) and low leverage (D/E 0.24, 30th pct)
- Largest cash balance in its peer set (100th pct); 72% iron-ore self-sufficiency cushions input costs
Risks
- Thin gross margin 7.1% (20th pct) and ROE 5.7% with no durable pricing power in a commoditized, cyclical industry
- Weak liquidity (current ratio 1.36, 8th pct; quick 0.53, 8th pct) and heavy exposure to tariffs, China oversupply and Ukraine
Notable findings
- Strong balance sheetStrong balance sheet — $5.4B cash & investments
Key metrics
Gross margin
7.1%
Operating margin
5.9%
Net margin
5.3%
Return on equity
5.7%
Return on assets
3.3%
ROIC
4.1%
Revenue growth (QoQ)
-1.7%
Net-income growth
135.0%
Debt / equity
0.2×
Interest coverage
6.3×
Current ratio
1.4×
Tangible book value
$56.5B
Cash & investments
$5.4B
Supply chain
Customers (0)
Suppliers (1)
Named in the 10-K; linked when we track them.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-06 | 2025-12-31 | 0001243429-26-000020 ↗ |
| 20-F | 2025-03-10 | 2024-12-31 | 0001243429-25-000017 ↗ |
| 20-F | 2024-02-28 | 2023-12-31 | 0001243429-24-000005 ↗ |
| 20-F | 2023-03-08 | 2022-12-31 | 0001243429-23-000005 ↗ |
| 20-F | 2022-03-11 | 2021-12-31 | 0001243429-22-000009 ↗ |
| 20-F | 2021-03-08 | 2020-12-31 | 0001243429-21-000004 ↗ |
| 20-F | 2020-03-03 | 2019-12-31 | 0001243429-20-000004 ↗ |
| 20-F | 2019-02-25 | 2018-12-31 | 0001243429-19-000005 ↗ |
| 20-F | 2018-02-15 | 2017-12-31 | 0001243429-18-000007 ↗ |
| 20-F | 2017-02-23 | 2016-12-31 | 0001243429-17-000002 ↗ |
| 20-F | 2016-02-22 | 2015-12-31 | 0001243429-16-000008 ↗ |
| 20-F | 2015-02-24 | 2014-12-31 | 0001243429-15-000002 ↗ |