ArcelorMittal (MT) Free Cash Flow (2009 - 2026)
ArcelorMittal's (MT) quarterly Free Cash Flow came in at $2.1 billion in Q2 2026, down 10.38% on a YoY basis from $2.3 billion in Q2 2025, and up 63.47% quarter-over-quarter from $1.3 billion in Q1 2026.
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ArcelorMittal (MT) Free Cash Flow (2009 - 2026) Analysis & Trends
ArcelorMittal (MT) has reported Free Cash Flow for 18 consecutive years, with $2.1 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow fell 10.38% year-over-year to $2.1 billion; the trailing twelve-month figure through Jun 2026 stood at $9.6 billion (up 6.43% YoY), and the FY2025 full-year result was $9.1 billion, down 1.21% from the prior year.
- Free Cash Flow advanced to $2.1 billion in Q2 2026 per MT's latest filing, from $1.3 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $5.1 billion in Q4 2022 and bottomed at $613.0 million in Q1 2025.
- Historically, Free Cash Flow has averaged $2.7 billion across 5 years, with a median of $2.5 billion in 2023.
- The sharpest annual moves came in 2025 and 2026: Free Cash Flow slumped 71.8% in 2025, then surged 105.87% in 2026.
- Over 5 years, Free Cash Flow stood at $5.1 billion in 2022, then slipped by 6.93% to $4.8 billion in 2023, then declined by 24.63% to $3.6 billion in 2024, then gained by 17.8% to $4.2 billion in 2025, then tumbled by 51.37% to $2.1 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $2.1 billion, $1.3 billion, and $4.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 186.21 Bn | 152.34 Bn | - | - |
| 2 | Southern Copper | 170.20 Bn | 149.06 Bn | 2.90 Bn | 1.57 Bn |
| 3 | Newmont | 127.93 Bn | 96.10 Bn | 4.03 Bn | 2.21 Bn |
| 4 | Ternium | 111.02 Bn | 76.07 Bn | 941.02 Mn | 687.28 Mn |
| 5 | Freeport-Mcmoran | 103.81 Bn | 99.96 Bn | 2.19 Bn | 944.00 Mn |
| 6 | Agnico Eagle Mines | 97.22 Bn | 97.22 Bn | 2.43 Bn | 2.14 Bn |
| 7 | Barrick Mining | 71.84 Bn | 56.58 Bn | 2.90 Bn | 2.89 Bn |
| 8 | Nucor | 56.10 Bn | 46.64 Bn | 2.03 Bn | 829.00 Mn |
| 9 | ArcelorMittal | 53.80 Bn | 34.82 Bn | - | 2.06 Bn |
| 10 | AngloGold Ashanti | 50.01 Bn | 39.68 Bn | 1.70 Bn | 1.85 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 3.12 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();