ArcelorMittal (MT) Operating Margin (2009 - 2024)
ArcelorMittal (MT) posted quarterly Operating Margin of 6.44% for Q2 2024, down 391.0% year-over-year from 2.21% in Q3 2023, and down 2.23% on a QoQ basis from 6.58% in Q1 2024.
ArcelorMittal (MT) Operating Margin (2009 - 2024) Analysis & Trends
ArcelorMittal has reported Operating Margin for 15 years, with the latest figure at 6.44% in Q2 2024.
- Operating Margin for Q2 2024 came in at 6.44%, down 391.0% year-over-year; the trailing twelve-month figure through Jun 2024 was 2.11% (down 401.0% YoY), and the FY2025 annual result was 5.91%, up 61.0% from the prior year.
- Operating Margin fell to 6.44% in Q2 2024, from 6.58% in the prior quarter.
- Over five years, Operating Margin peaked at 22.91% in Q2 2021 and troughed at 13.61% in Q4 2023.
- A 5-year average of 8.64% and a median of 7.24% in 2023 frame the typical range for Operating Margin.
- The widest annual swing landed in 2021, when Operating Margin jumped 2522 bps; it then sank 2372 bps in 2022.
- A 5-year view of Operating Margin shows it stood at 14.09% in 2020, then soared by 56 bps to 21.91% in 2021, then sank by 108 bps to 1.81% in 2022, then plunged by 651 bps to 13.61% in 2023, then jumped by 147 bps to 6.44% in 2024.
- Per Business Quant data, the three most recent Operating Margin figures were 6.44% in Q2 2024, 6.58% in Q1 2024, and 13.61% in Q4 2023.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 108.79 Bn | 98.90 Bn | 941.02 Mn | 31.54% |
| 2 | Nucor | 55.68 Bn | 52.99 Bn | 2.03 Bn | 15.67% |
| 3 | ArcelorMittal | 55.36 Bn | 50.51 Bn | - | - |
| 4 | Steel Dynamics | 32.86 Bn | 32.28 Bn | 958.97 Mn | 11.50% |
| 5 | Reliance | 19.67 Bn | 19.43 Bn | 1.30 Bn | 9.54% |
| 6 | Cleveland-Cliffs | 6.56 Bn | 6.49 Bn | 132.00 Mn | -0.94% |
| 7 | Gerdau | 5.45 Bn | 4.32 Bn | 558.98 Mn | 17.67% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.57 Bn | 3.01 Bn | - | - |
| 9 | Posco Holdings | 4.33 Bn | 1.83 Bn | 1.04 Bn | 2.35% |
| 10 | Worthington Steel | 1.72 Bn | 1.64 Bn | 118.80 Mn | -8.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 6.44% |
| Mar 31, 2024 | 6.58% |
| Dec 31, 2023 | -13.61% |
| Sep 30, 2023 | 7.24% |
| Jun 30, 2023 | 10.35% |
| Mar 31, 2023 | 6.44% |
| Dec 31, 2022 | -1.81% |
| Sep 30, 2022 | 8.70% |
| Jun 30, 2022 | 20.30% |
| Mar 31, 2022 | 20.30% |
| Dec 31, 2021 | 21.91% |
| Jun 30, 2021 | 22.91% |
| Mar 31, 2021 | 16.31% |
| Dec 31, 2020 | 14.09% |
| Sep 30, 2020 | 5.41% |
| Jun 30, 2020 | -2.31% |
| Mar 31, 2020 | -2.38% |
| Dec 31, 2019 | -9.89% |
| Sep 30, 2019 | 1.79% |
| Jun 30, 2019 | -0.82% |