ArcelorMittal (MT) EV to CFO (2009 - 2026)
ArcelorMittal's (MT) EV to CFO stood at 9.05 in Q2 2026, up 115.4% from 4.20 a year earlier and up 25.3% from the prior quarter.
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Analysis
ArcelorMittal (MT) EV to CFO (2009 - 2026) Analysis & Trends
On a TTM basis, ArcelorMittal's EV to CFO came in at 5.72 as of Jun 30, 2026, up 674.3% year-over-year; for FY2025, it came in at 6.48, up 139.5% from FY2024.
- Annual EV to CFO has increased for three straight years.
- Across earlier years, EV to CFO came in at 2.71 in FY2024 (+21.5%), 2.23 in FY2023 (+69.4%), 1.32 in FY2022 (-45.8%) and 2.43 in FY2021 (-52.3%).
- The Q2 2026 figure is the highest quarterly EV to CFO since Q4 2011.
- On a year-over-year basis, EV to CFO has increased for 13 consecutive quarters, with growth averaging 73.8% over the last eight quarters.
- Peak year-over-year performance for EV to CFO in the last five years was growth of 139.5% in Q4 2025, against a decline of 73.2% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.22 (Q1 2026), 6.48 (Q4 2025) and 5.64 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rio Tinto | 166.15 Bn | 128.95 Bn | - |
| 2 | Southern Copper | 143.61 Bn | 118.34 Bn | 3.10 Bn |
| 3 | Rio Tinto | 137.89 Bn | 137.89 Bn | - |
| 4 | Newmont | 126.12 Bn | 91.26 Bn | 4.22 Bn |
| 5 | Ternium | 99.30 Bn | 92.58 Bn | - |
| 6 | Agnico Eagle Mines | 96.73 Bn | 91.94 Bn | - |
| 7 | Freeport-Mcmoran | 87.20 Bn | 71.24 Bn | 2.19 Bn |
| 8 | Barrick Mining | 68.71 Bn | 47.20 Bn | 2.90 Bn |
| 9 | Nucor | 58.61 Bn | 48.00 Bn | 2.03 Bn |
| 10 | ArcelorMittal | 49.58 Bn | 27.58 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.73 |
| Jun 30, 2026 | 9.05 |
| Mar 31, 2026 | 7.22 |
| Dec 31, 2025 | 6.48 |
| Sep 30, 2025 | 5.64 |
| Jun 30, 2025 | 4.20 |
| Mar 31, 2025 | 4.12 |
| Dec 31, 2024 | 2.71 |
| Sep 30, 2024 | 3.23 |
| Jun 30, 2024 | 2.59 |
| Mar 31, 2024 | 2.91 |
| Dec 31, 2023 | 2.23 |
| Sep 30, 2023 | 2.01 |
| Jun 30, 2023 | 2.04 |
| Mar 31, 2023 | 2.21 |
| Dec 31, 2022 | 1.32 |
| Sep 30, 2022 | 1.44 |
| Jun 30, 2022 | 1.31 |
| Mar 31, 2022 | 2.37 |
| Dec 31, 2021 | 2.71 |
API Access
ArcelorMittal EV to CFO 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=ev-to-cfo&ticker=MT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=MT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();