ArcelorMittal (ARCXF) Return on Capital Employed (2009 - 2026)
ArcelorMittal (ARCXF) reported Return on Capital Employed of 4.68% for Q1 2026, up 20.0% on a YoY basis from 3.9% in Q1 2025, and down 2.32% quarter-over-quarter from 4.79% in Q4 2025.
ArcelorMittal (ARCXF) Return on Capital Employed (2009 - 2026) Analysis & Trends
ArcelorMittal has reported Return on Capital Employed for 18 years, with the latest figure at 4.68% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed rose 20.0% year-over-year to 4.68%; the trailing twelve-month figure through Mar 2026 stood at 4.68% (up 20.0% YoY), and the FY2025 full-year result was 5.11%, up 37.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 4.68%, down from 4.79% in the prior quarter.
- The five-year high for Return on Capital Employed was 38.06% in Q1 2022, with the low at 1.13% in Q3 2024.
- Historically, Return on Capital Employed has averaged 9.75% across 5 years, with a median of 5.08% in 2025.
- Annual changes were most pronounced in 2022 — Return on Capital Employed soared 2938 bps — and 2023, when it plunged 3033 bps.
- ArcelorMittal's Return on Capital Employed stood at 11.11% in 2022, then plunged by 77 bps to 2.51% in 2023, then soared by 90 bps to 4.77% in 2024, then grew by 1 bps to 4.79% in 2025, then dropped by 2 bps to 4.68% in 2026.
- The last three Return on Capital Employed figures came in at 4.68% (Q1 2026), 4.79% (Q4 2025), and 5.08% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 4.28% |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 11.08% |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | 4.68% |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 12.08% |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 11.59% |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | -7.44% |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | 62.17% |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | - |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 9.38% |
| 10 | ArcelorMittal | - | - | - | 4.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.68% |
| Dec 31, 2025 | 4.79% |
| Sep 30, 2025 | 5.08% |
| Jun 30, 2025 | 5.52% |
| Mar 31, 2025 | 4.48% |
| Dec 31, 2024 | 4.77% |
| Sep 30, 2024 | 1.13% |
| Jun 30, 2024 | 1.89% |
| Mar 31, 2024 | 3.06% |
| Dec 31, 2023 | 2.51% |
| Sep 30, 2023 | 5.41% |
| Jun 30, 2023 | 6.01% |
| Mar 31, 2023 | 9.75% |
| Dec 31, 2022 | 11.11% |
| Sep 30, 2022 | 21.14% |
| Jun 30, 2022 | 36.33% |
| Mar 31, 2022 | 38.06% |
| Dec 31, 2021 | 27.97% |
| Sep 30, 2021 | 33.93% |
| Jun 30, 2021 | 15.89% |