ArcelorMittal (MT) Cash from Operations (2009 - 2026)
ArcelorMittal's Cash from Operations was $961 million in Q2 2026, down 32.1% from $1.42 billion a year earlier.
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Analysis
ArcelorMittal (MT) Cash from Operations (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, ArcelorMittal's Cash from Operations was $4.7 billion through Jun 30, 2026, down 4.9% year-over-year; for FY2025, it came in at $4.81 billion, down 0.9% from FY2024.
- Cash from Operations has now declined for three consecutive years, though with a five-year compound annual growth rate of 3.3% (FY2020 to FY2025).
- In earlier years, Cash from Operations was $4.85 billion in FY2024 (-36.5%), $7.65 billion in FY2023 (-25.1%), $10.2 billion in FY2022 (+3.0%) and $9.91 billion in FY2021 (+142.7%).
- Quarterly Cash from Operations has moved between -$354 million (Q1 2025) and $4.15 billion (Q4 2021) over five years.
- Compared with a year earlier, Cash from Operations was higher in three of the last six quarters, with an average decline of 6.9%.
- The best year-over-year quarter for Cash from Operations over five years was Q4 2021 (growth of 193.4%); the worst was Q1 2023 (a decline of 53.3%).
- Per Business Quant data, MT's Cash from Operations in the three quarters before Q2 2026 was -$9 million (Q1 2026), $3 billion (Q4 2025) and $751 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 147.97 Bn | 2.90 Bn | 1.99 Bn |
| 3 | Rio Tinto | 142.69 Bn | 103.19 Bn | - | - |
| 4 | Newmont | 124.72 Bn | 92.73 Bn | 4.03 Bn | 2.92 Bn |
| 5 | Freeport-Mcmoran | 99.04 Bn | 83.08 Bn | 2.19 Bn | 2.05 Bn |
| 6 | Agnico Eagle Mines | 93.79 Bn | 83.42 Bn | 2.43 Bn | 2.14 Bn |
| 7 | Barrick Mining | 69.11 Bn | 44.31 Bn | 2.90 Bn | 1.70 Bn |
| 8 | Nucor | 59.00 Bn | 48.39 Bn | 2.03 Bn | 1.40 Bn |
| 9 | ArcelorMittal | 48.10 Bn | 27.13 Bn | - | 961.00 Mn |
| 10 | AngloGold Ashanti | 46.48 Bn | 34.37 Bn | 1.70 Bn | 1.43 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 961.00 Mn |
| Mar 31, 2026 | -9.00 Mn |
| Dec 31, 2025 | 3.00 Bn |
| Sep 30, 2025 | 751.00 Mn |
| Jun 30, 2025 | 1.42 Bn |
| Mar 31, 2025 | -354.00 Mn |
| Dec 31, 2024 | 2.47 Bn |
| Sep 30, 2024 | 1.41 Bn |
| Jun 30, 2024 | 1.07 Bn |
| Mar 31, 2024 | -100.00 Mn |
| Dec 31, 2023 | 3.33 Bn |
| Sep 30, 2023 | 1.28 Bn |
| Jun 30, 2023 | 2.09 Bn |
| Mar 31, 2023 | 949.00 Mn |
| Dec 31, 2022 | 3.63 Bn |
| Sep 30, 2022 | 1.98 Bn |
| Jun 30, 2022 | 2.55 Bn |
| Mar 31, 2022 | 2.03 Bn |
| Dec 31, 2021 | 4.15 Bn |
| Sep 30, 2021 | 2.44 Bn |
API Access
ArcelorMittal Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=MT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "MT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=MT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();