ArcelorMittal (MT) FCF Margin (2009 - 2026)
ArcelorMittal's (MT) quarterly FCF Margin came in at 12.31% in Q2 2026, down 215.0% on a YoY basis from 10.7% in Q2 2025, and up 50.75% quarter-over-quarter from 8.16% in Q1 2026.
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ArcelorMittal (MT) FCF Margin (2009 - 2026) Analysis & Trends
ArcelorMittal (MT) has reported FCF Margin for 18 consecutive years, with 12.31% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin fell 215.0% year-over-year to 12.31%; the trailing twelve-month figure through Jun 2026 stood at 15.2% (up 40.0% YoY), and the FY2025 full-year result was 14.91%, up 8.0% from the prior year.
- FCF Margin grew to 12.31% in Q2 2026 per MT's latest filing, from 8.16% in the prior quarter.
- Across five years, FCF Margin topped out at 32.83% in Q4 2023 and bottomed at 4.14% in Q1 2025.
- Historically, FCF Margin has averaged 16.26% across 5 years, with a median of 14.47% in 2022.
- The sharpest annual moves came in 2022 and 2025: FCF Margin surged 493 bps in 2022, then tumbled 921 bps in 2025.
- Over 5 years, FCF Margin stood at 30.39% in 2022, then gained by 8 bps to 32.83% in 2023, then retreated by 25 bps to 24.47% in 2024, then increased by 16 bps to 28.33% in 2025, then plunged by 57 bps to 12.31% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 12.31%, 8.16%, and 28.33% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 186.21 Bn | 152.34 Bn | - | - |
| 2 | Southern Copper | 170.20 Bn | 149.06 Bn | 2.90 Bn | 36.51% |
| 3 | Newmont | 127.93 Bn | 96.10 Bn | 4.03 Bn | 36.04% |
| 4 | Ternium | 111.02 Bn | 76.07 Bn | 941.02 Mn | 15.83% |
| 5 | Freeport-Mcmoran | 103.81 Bn | 99.96 Bn | 2.19 Bn | 13.43% |
| 6 | Agnico Eagle Mines | 97.22 Bn | 97.22 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 71.84 Bn | 56.58 Bn | 2.90 Bn | 54.67% |
| 8 | Nucor | 56.10 Bn | 46.64 Bn | 2.03 Bn | 7.97% |
| 9 | ArcelorMittal | 53.80 Bn | 34.82 Bn | - | 12.31% |
| 10 | AngloGold Ashanti | 50.01 Bn | 39.68 Bn | 1.70 Bn | 59.44% |
Historic Data
Download Data
Historic 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 | 15.41% |
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();