ArcelorMittal (MT) Free Cash Flow (2009 - 2026)
ArcelorMittal's Free Cash Flow came in at $2.06 billion for Q2 2026, down 10.4% from $2.3 billion a year earlier but up 63.5% from the prior quarter.
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Analysis
ArcelorMittal (MT) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, ArcelorMittal reported Free Cash Flow of $9.56 billion, up 6.4% year-over-year; for FY2025, it came in at $9.15 billion, down 1.2% from FY2024.
- Free Cash Flow has declined in each of the last three years, though with a five-year compound annual growth rate of 7.0% (FY2020 to FY2025).
- Going back by year, Free Cash Flow was $9.26 billion in FY2024 (-24.5%), $12.26 billion in FY2023 (-10.3%), $13.67 billion in FY2022 (+5.9%) and $12.91 billion in FY2021 (+98.0%).
- The five-year range for quarterly Free Cash Flow is $613 million (Q1 2025) to $5.3 billion (Q4 2021).
- Year-over-year, Free Cash Flow increased in four of the last eight quarters, with growth averaging 4.5%.
- The fastest year-over-year change in Free Cash Flow over five years came in Q4 2021 (growth of 154.3%), and the weakest in Q1 2025 (a decline of 46.0%).
- Business Quant data shows MT's Free Cash Flow at $1.26 billion (Q1 2026), $4.24 billion (Q4 2025) and $1.99 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | - |
| 2 | Southern Copper | 145.97 Bn | 120.70 Bn | 3.10 Bn | 1.71 Bn |
| 3 | Rio Tinto | 139.77 Bn | 100.60 Bn | - | - |
| 4 | Newmont | 131.94 Bn | 97.09 Bn | 4.22 Bn | 1.91 Bn |
| 5 | Ternium | 99.84 Bn | 68.09 Bn | 1.04 Bn | 1.01 Bn |
| 6 | Agnico Eagle Mines | 99.82 Bn | 86.77 Bn | 2.15 Bn | 2.66 Bn |
| 7 | Freeport-Mcmoran | 89.70 Bn | 73.74 Bn | 2.19 Bn | 944.00 Mn |
| 8 | Barrick Mining | 72.28 Bn | 47.48 Bn | 2.90 Bn | 515.00 Mn |
| 9 | Nucor | 56.82 Bn | 46.20 Bn | 2.03 Bn | 829.00 Mn |
| 10 | ArcelorMittal | 48.90 Bn | 30.47 Bn | - | 1.73 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.73 Bn |
| Jun 30, 2026 | 2.06 Bn |
| Mar 31, 2026 | 1.26 Bn |
| Dec 31, 2025 | 4.24 Bn |
| Sep 30, 2025 | 1.99 Bn |
| Jun 30, 2025 | 2.30 Bn |
| Mar 31, 2025 | 613.00 Mn |
| Dec 31, 2024 | 3.60 Bn |
| Sep 30, 2024 | 2.46 Bn |
| Jun 30, 2024 | 2.06 Bn |
| Mar 31, 2024 | 1.14 Bn |
| Dec 31, 2023 | 4.78 Bn |
| Sep 30, 2023 | 2.45 Bn |
| Jun 30, 2023 | 3.15 Bn |
| Mar 31, 2023 | 1.89 Bn |
| Dec 31, 2022 | 5.13 Bn |
| Sep 30, 2022 | 2.77 Bn |
| Jun 30, 2022 | 3.21 Bn |
| Mar 31, 2022 | 2.56 Bn |
| Dec 31, 2021 | 5.30 Bn |
API Access
ArcelorMittal Free Cash Flow 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=free-cash-flow&ticker=MT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=MT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();