ArcelorMittal (MT) FCF Margin (2009 - 2026)
ArcelorMittal's FCF Margin was 12.31% in Q2 2026, down 2.15 percentage points from 14.45% a year earlier but up 4.14 percentage points from the prior quarter.
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Analysis
ArcelorMittal (MT) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, ArcelorMittal's FCF Margin was 15.20% through Jun 30, 2026, up 0.40 percentage points year-over-year; for FY2025, it was 14.91%, up 0.08 percentage points from FY2024.
- FCF Margin shows a five-year change of +2.66 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 14.83% in FY2024 (-3.13 pp), 17.95% in FY2023 (+0.83 pp), 17.12% in FY2022 (+0.26 pp) and 16.86% in FY2021 (+4.62 pp).
- Quarterly FCF Margin has moved between 4.14% (Q1 2025) and 32.83% (Q4 2023) over five years.
- Compared with a year earlier, FCF Margin was higher in four of the last eight quarters, with an average year-over-year change of -0.71 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q4 2021 (a gain of 10.78 percentage points); the worst was Q4 2024 (a drop of 8.36 percentage points).
- Per Business Quant data, MT's FCF Margin in the three quarters before Q2 2026 was 8.16% (Q1 2026), 28.33% (Q4 2025) and 12.70% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | - |
| 2 | Southern Copper | 146.42 Bn | 121.15 Bn | 3.10 Bn | 36.38% |
| 3 | Rio Tinto | 139.98 Bn | 100.80 Bn | - | - |
| 4 | Newmont | 132.34 Bn | 97.49 Bn | 4.22 Bn | 30.05% |
| 5 | Agnico Eagle Mines | 100.36 Bn | 87.30 Bn | 2.15 Bn | 74.17% |
| 6 | Ternium | 99.86 Bn | 68.11 Bn | 1.04 Bn | 21.76% |
| 7 | Freeport-Mcmoran | 90.01 Bn | 74.05 Bn | 2.19 Bn | 13.43% |
| 8 | Barrick Mining | 72.53 Bn | 47.73 Bn | 2.90 Bn | 9.73% |
| 9 | Nucor | 56.81 Bn | 46.19 Bn | 2.03 Bn | 7.97% |
| 10 | ArcelorMittal | 48.91 Bn | 30.47 Bn | - | 10.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.51% |
| 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% |
API Access
ArcelorMittal FCF Margin 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=fcf-margin&ticker=MT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=MT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();