ArcelorMittal (MT) Return on Capital Employed (2009 - 2026)
ArcelorMittal (MT) posted quarterly Return on Capital Employed of 3.48% for Q2 2026, down 1720.0% year-over-year from 0.21% in Q2 2025, and down 32.36% on a QoQ basis from 5.14% in Q1 2026.
ArcelorMittal (MT) Return on Capital Employed (2009 - 2026) Analysis & Trends
ArcelorMittal has reported Return on Capital Employed for 18 years, with the latest figure at 3.48% in Q2 2026.
- Return on Capital Employed for Q2 2026 came in at 3.48%, down 1720.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 3.48% (down 1720.0% YoY), and the FY2025 annual result was 13.79%, up 2891.0% from the prior year.
- Return on Capital Employed fell to 3.48% in Q2 2026, from 5.14% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 39.27% in Q1 2022 and troughed at 2.97% in Q3 2024.
- A 5-year average of 14.42% and a median of 11.6% in 2024 frame the typical range for Return on Capital Employed.
- The widest annual swing landed in 2022, when Return on Capital Employed soared 3059 bps; it then tumbled 1720 bps in 2026.
- A 5-year view of Return on Capital Employed shows it stood at 21.14% in 2022, then slumped by 73 bps to 5.76% in 2023, then jumped by 152 bps to 14.49% in 2024, then slumped by 62 bps to 5.52% in 2025, then slumped by 37 bps to 3.48% in 2026.
- Per Business Quant data, the three most recent Return on Capital Employed figures were 3.48% in Q2 2026, 5.14% in Q1 2026, and 5.52% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | -448.99% |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 13.42% |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | 2.72% |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 14.06% |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 12.56% |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | -4.83% |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | 9.70% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | 4.09% |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | -0.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.48% |
| Mar 31, 2026 | 5.14% |
| Dec 31, 2025 | 5.52% |
| Sep 30, 2025 | 5.92% |
| Jun 30, 2025 | 6.39% |
| Mar 31, 2025 | 5.12% |
| Dec 31, 2024 | 5.16% |
| Sep 30, 2024 | 2.97% |
| Jun 30, 2024 | 5.23% |
| Mar 31, 2024 | 8.71% |
| Dec 31, 2023 | 5.76% |
| Sep 30, 2022 | 21.14% |
| Jun 30, 2022 | 37.49% |
| Mar 31, 2022 | 39.27% |
| Dec 31, 2021 | 30.35% |
| Sep 30, 2021 | 35.24% |
| Jun 30, 2021 | 15.89% |
| Mar 31, 2021 | 8.68% |
| Dec 31, 2020 | 2.72% |
| Sep 30, 2020 | -2.49% |