ArcelorMittal (MT) Net Margin (2009 - 2026)
ArcelorMittal (MT) reported Net Margin of 3.72% for Q1 2026, down 172.0% on a YoY basis from 5.17% in Q1 2025, and up 214.64% quarter-over-quarter from 1.18% in Q4 2025.
ArcelorMittal (MT) Net Margin (2009 - 2026) Analysis & Trends
ArcelorMittal has reported Net Margin for 18 years, with the latest figure at 3.72% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 172.0% year-over-year to 3.72%; the trailing twelve-month figure through Mar 2026 stood at 4.71% (up 273.0% YoY), and the FY2025 full-year result was 5.14%, up 299.0% from the prior year.
- Net Margin for Q1 2026 stood at 3.72%, up from 1.18% in the prior quarter.
- The five-year high for Net Margin was 18.89% in Q1 2022, with the low at 20.38% in Q4 2023.
- Historically, Net Margin has averaged 4.51% across 5 years, with a median of 5.23% in 2022.
- Annual changes were most pronounced in 2023 — Net Margin sank 2193 bps — and 2024, when it jumped 1773 bps.
- ArcelorMittal's Net Margin stood at 1.55% in 2022, then slumped by 1419 bps to 20.38% in 2023, then soared by 87 bps to 2.65% in 2024, then surged by 145 bps to 1.18% in 2025, then soared by 215 bps to 3.72% in 2026.
- The last three Net Margin figures came in at 3.72% (Q1 2026), 1.18% (Q4 2025), and 2.41% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 5.41% |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 9.16% |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | 3.72% |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 7.69% |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 6.58% |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | -4.82% |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | 53.69% |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | -10.87% |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 1.40% |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 7.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.72% |
| Dec 31, 2025 | 1.18% |
| Sep 30, 2025 | 2.41% |
| Jun 30, 2025 | 11.26% |
| Mar 31, 2025 | 5.44% |
| Dec 31, 2024 | -2.65% |
| Sep 30, 2024 | 1.89% |
| Jun 30, 2024 | 3.10% |
| Mar 31, 2024 | 5.76% |
| Dec 31, 2023 | -20.38% |
| Sep 30, 2023 | 5.59% |
| Jun 30, 2023 | 10.00% |
| Mar 31, 2023 | 5.92% |
| Dec 31, 2022 | 1.55% |
| Sep 30, 2022 | 5.23% |
| Jun 30, 2022 | 17.72% |
| Mar 31, 2022 | 18.89% |
| Dec 31, 2021 | 19.44% |
| Sep 30, 2021 | 19.57% |
| Jun 30, 2021 | 20.71% |