ArcelorMittal (MT) Operating Margin (2009 - 2026)

ArcelorMittal has reported Operating Margin for 18 years, with the latest figure at 4.87% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin fell 70.0% year-over-year to 4.87%; the trailing twelve-month figure through Mar 2026 stood at 5.73% (up 71.0% YoY), and the FY2025 full-year result was 5.91%, up 61.0% from the prior year.
• Operating Margin for Q1 2026 stood at 4.87%, up from 2.18% in the prior quarter.
• The five-year high for Operating Margin was 20.3% in Q1 2022, with the low at 13.61% in Q4 2023.
• Historically, Operating Margin has averaged 6.3% across 5 years, with a median of 6.44% in 2024.
• Annual changes were most pronounced in 2022 — Operating Margin slumped 2372 bps — and 2024, when it surged 1720 bps.
• ArcelorMittal's Operating Margin stood at 1.81% in 2022, then slumped by 651 bps to 13.61% in 2023, then soared by 126 bps to 3.6% in 2024, then sank by 39 bps to 2.18% in 2025, then jumped by 123 bps to 4.87% in 2026.
• The last three Operating Margin figures came in at 4.87% (Q1 2026), 2.18% (Q4 2025), and 3.47% (Q3 2025), per Business Quant data.