ArcelorMittal (MT) FCF Margin (2009 - 2026)
ArcelorMittal (MT) posted quarterly FCF Margin of 12.31% for Q2 2026, down 215.0% year-over-year from 10.7% in Q2 2025, and up 50.75% on a QoQ basis from 8.16% in Q1 2026.
ArcelorMittal (MT) FCF Margin (2009 - 2026) Analysis & Trends
ArcelorMittal has reported FCF Margin for 18 years, with the latest figure at 12.31% in Q2 2026.
- FCF Margin for Q2 2026 came in at 12.31%, down 215.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 15.2% (up 40.0% YoY), and the FY2025 annual result was 0.77%, up 5.0% from the prior year.
- FCF Margin grew to 12.31% in Q2 2026, from 8.16% in the prior quarter.
- Over five years, FCF Margin peaked at 32.83% in Q4 2023 and troughed at 4.14% in Q1 2025.
- A 5-year average of 15.9% and a median of 14.47% in 2022 frame the typical range for FCF Margin.
- The widest annual swing landed in 2022, when FCF Margin jumped 493 bps; it then sank 836 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 30.39% in 2022, then increased by 8 bps to 32.83% in 2023, then declined by 25 bps to 24.47% in 2024, then climbed by 16 bps to 28.33% in 2025, then plunged by 57 bps to 12.31% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 12.31% in Q2 2026, 8.16% in Q1 2026, and 28.33% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 111.36 Bn | 101.46 Bn | 941.02 Mn | 15.83% |
| 2 | Nucor | 56.83 Bn | 54.14 Bn | 2.03 Bn | 7.97% |
| 3 | ArcelorMittal | 55.93 Bn | 51.09 Bn | - | 12.31% |
| 4 | Steel Dynamics | 33.07 Bn | 32.49 Bn | 958.97 Mn | 4.99% |
| 5 | Reliance | 19.71 Bn | 19.47 Bn | 1.30 Bn | 1.49% |
| 6 | Cleveland-Cliffs | 6.64 Bn | 6.57 Bn | 132.00 Mn | 4.32% |
| 7 | Gerdau | 5.50 Bn | 4.36 Bn | 558.98 Mn | 14.54% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.35 Bn | 1.85 Bn | 1.04 Bn | 0.26% |
| 10 | Worthington Steel | 1.74 Bn | 1.66 Bn | 118.80 Mn | 0.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.31% |
| Mar 31, 2026 | 8.16% |
| Dec 31, 2025 | 28.33% |
| Sep 30, 2025 | 12.70% |
| Jun 30, 2025 | 14.45% |
| Mar 31, 2025 | 4.14% |
| Dec 31, 2024 | 24.47% |
| Sep 30, 2024 | 16.20% |
| Jun 30, 2024 | 12.67% |
| Mar 31, 2024 | 6.98% |
| Dec 31, 2023 | 32.83% |
| Sep 30, 2023 | 14.72% |
| Jun 30, 2023 | 16.91% |
| Mar 31, 2023 | 10.20% |
| Dec 31, 2022 | 30.39% |
| Sep 30, 2022 | 14.57% |
| Jun 30, 2022 | 14.49% |
| Mar 31, 2022 | 11.74% |
| Dec 31, 2021 | 25.47% |
| Sep 30, 2021 | 13.65% |