ArcelorMittal (MT) FCF Margin (2009 - 2026)
ArcelorMittal (MT) reported FCF Margin of 0.06% for Q1 2026, up 233.0% on a YoY basis from 0.02% in Q1 2025, and down 100.29% quarter-over-quarter from 20.01% in Q4 2025.
ArcelorMittal (MT) FCF Margin (2009 - 2026) Analysis & Trends
ArcelorMittal has reported FCF Margin for 18 years, with the latest figure at 0.06% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 233.0% year-over-year to 0.06%; the trailing twelve-month figure through Mar 2026 stood at 8.31% (up 77.0% YoY), and the FY2025 full-year result was 0.77%, up 5.0% from the prior year.
- FCF Margin for Q1 2026 stood at 0.06%, down from 20.01% in the prior quarter.
- The five-year high for FCF Margin was 22.87% in Q4 2023, with the low at 2.39% in Q1 2025.
- Historically, FCF Margin has averaged 9.59% across 5 years, with a median of 9.29% in 2024.
- Annual changes were most pronounced in 2022 — FCF Margin surged 606 bps — and 2024, when it sank 610 bps.
- ArcelorMittal's FCF Margin stood at 21.51% in 2022, then climbed by 6 bps to 22.87% in 2023, then fell by 27 bps to 16.77% in 2024, then gained by 19 bps to 20.01% in 2025, then tumbled by 100 bps to 0.06% in 2026.
- The last three FCF Margin figures came in at 0.06% (Q1 2026), 20.01% (Q4 2025), and 4.8% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 15.84% |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 2.37% |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | -0.06% |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 0.20% |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 2.17% |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | -9.69% |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | -6.87% |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | -7.32% |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 4.33% |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 20.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.06% |
| Dec 31, 2025 | 20.01% |
| Sep 30, 2025 | 4.80% |
| Jun 30, 2025 | 8.89% |
| Mar 31, 2025 | -2.39% |
| Dec 31, 2024 | 16.77% |
| Sep 30, 2024 | 9.29% |
| Jun 30, 2024 | 6.60% |
| Mar 31, 2024 | -0.61% |
| Dec 31, 2023 | 22.87% |
| Sep 30, 2023 | 7.71% |
| Jun 30, 2023 | 11.22% |
| Mar 31, 2023 | 5.13% |
| Dec 31, 2022 | 21.51% |
| Sep 30, 2022 | 10.44% |
| Jun 30, 2022 | 11.53% |
| Mar 31, 2022 | 9.31% |
| Dec 31, 2021 | 19.97% |
| Sep 30, 2021 | 4.38% |
| Jun 30, 2021 | 11.95% |