OakChart

ArcelorMittal SA

MTBasic Materials·Steel·Luxembourg·Large·NYSE·Nov 11 • 1:24 PM ET

66.16+0.48 (0.73%)
2026-11-11 19:25 CET
Market cap
49,525.48 USD m
Revenue, TTM
62,797.77 USD m
Net income, TTM
1,811.79 USD m
Free cash flow, TTM
-155.29 USD m
EPS diluted, TTM
2.37
P/E
27.87
Compare

Price

MT against its 20, 50 and 200-day averages
2050200
50.0060.0070.0080.002.1M4.2MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MTclose 66.1620-day 61.9850-day 66.81200-day 64.1466.1652w high

17.0% under the 52-week high of 79.68 on 8 Sep 2026. 52-week low 38.67 on 21 Nov 2025. Last 15 sessions, 12.7% high to low

Profile

MT
52-week range, 67% of the way up
38.6779.68

ArcelorMittal SA operates as a holding company, which engages in steelmaking and mining activities. It operates through the following business segments: North America, Brazil, Europe, India and JVs, Sustainable Solutions, Mining, and Others. The North America segment focuses on facilities located in Canada, Mexico, and the United States. The Brazil segment refers to flat operations in Brazil, and long and tubular operations in Brazil and neighboring countries. The Europe segment includes operations that range from Spain to Romania. The India and JVs segments consists of joint ventures, associates, and other investments. The Sustainable Solutions comprises of niche businesses that provide vital added-value support to sustainable related applications. The Mining segment refers to mines in Canada and Liberia. The Others segment focuses on holdings and services companies, and operations in Ukraine and South Africa. The company was founded by Lakshmi Niwas Mittal in 1976 and is headquartered in Luxembourg.

Employees125554
IPOAug 07, 1997
Beta1.49
ATR, 14d2.12
Rel volume0.95
Short float0.21%
Insider own0.00%
Inst own4.97%

Snapshot

6 groups

Valuation

Index-
Market Cap49.89B
Enterprise Value61.41B
Income1.81B
Sales62.80B
Book/sh72.70
Cash/sh6.50
Dividend Est.0.62 (0.94%)
Dividend TTM0.72 (1.10%)
Dividend Ex-DateNov 13, 2026
Dividend Gr. 3/5Y11.29% 14.42%
Payout12.31%
Employees125554
IPOAug 07, 1997

Ratios

P/E27.87
Forward P/E9.42
PEG0.39
P/S0.79
P/B0.91
P/C10.18
P/FCF-
EV/EBITDA10.59
EV/Sales0.98
Quick Ratio0.57
Current Ratio1.43
Debt/Eq0.26
LT Debt/Eq0.21
Option/ShortYes / Yes

Earnings

EPS (ttm)2.37
EPS next Y7.02
EPS next Q1.15
EPS this Y-42.64%
EPS next Y197.89%
EPS next 5Y24.41%
EPS past 3/5Y-25.98% -
Sales past 3/5Y-8.33% 2.79%
EPS Y/Y TTM-27.63%
Sales Y/Y TTM3.25%
EPS Q/Q-
Sales Q/Q-15.97%
EarningsNov 05 BMO
EPS/Sales Surpr.27.50% -0.71%

Ownership

Insider Own0.00%
Insider Trans-
Inst Own4.97%
Inst Trans-1.41%
ROA1.83%
ROE3.32%
ROIC2.72%
Gross Margin8.68%
Oper. Margin4.27%
Profit Margin2.89%
SMA206.74%
SMA50-0.98%
SMA2003.15%
Trades-

Technical

Shs Outstand754.04M
Shs Float754.04M
Short Float0.21%
Short Ratio1.17
Short Interest1.61M
52W High79.68 -16.97%
52W Low38.67 71.10%
Volatility3.79% 2.64%
ATR (14)2.12
RSI (14)57.86
Beta1.49
Rel Volume0.95
Avg Volume1.38M
Volume813,654

Performance

Perf Week5.87%
Perf Month4.23%
Perf Quarter-9.63%
Perf Half Y2.62%
Perf YTD45.18%
Perf Year65.64%
Perf 3Y202.09%
Perf 5Y103.62%
Perf 10Y213.69%
Recom1.90
Target Price73.64
Prev Close65.68
Price66.16
Change %0.73%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 15, 2026UpgradeJJP MorganNeutral → Overweight
Oct 09, 2026UpgradeUUBSNeutral → Buy
Aug 24, 2026InitiatedMMorgan StanleyOverweight$82+23.9%
Jul 10, 2026UpgradeJJP MorganUnderweight → Neutral
Mar 25, 2026ResumedKKeyBanc Capital MarketsSector Weight
Mar 09, 2026DowngradeJJP MorganOverweight → Underweight
Feb 11, 2026UpgradeJJefferiesHold → Buy
Jan 06, 2026UpgradeMMorgan StanleyEqual-Weight → Overweight
Nov 07, 2025UpgradeJJP MorganNeutral → Overweight
Oct 10, 2025DowngradeGGoldmanBuy → Neutral

Peers

Mkt cap
TickerCompanyMkt cap
NUENucor Corp59.21B
PKXPOSCO Holdings Inc ADR15.44B
STLDSteel Dynamics Inc34.10B
CLFCleveland-Cliffs Inc7.51B
TXTernium SA ADR10.20B
GGBGerdau SA ADR5.72B
SIDCompanhia Siderurgica Nacional ADR1.09B
RSReliance Inc21.83B
VALEVale SA ADR47.22B
CMCCommercial Metals Co7.10B

Held by

AUM
TickerCompanyAUM
MGNRAmerican Beacon GLG Natural Resources ETFAUM: 1.25B
AVDEAvantis International Equity ETFAUM: 19.73B
DFIVDimensional International Value ETF-
IDVOAmplify CWP International Enhanced Dividend Income ETFAUM: 1.37B
DFICDimensional International Core Equity 2 ETF-
DFAIDimensional International Core Equity Market ETF-
SLXVanEck Steel ETFAUM: 149.91M
DFAXDimensional World ex U.S. Core Equity 2 ETF-
KOMPState Street SPDR S&P Kensho New Economies Composite ETFAUM: 2.46B
FTLSFirst Trust Long/Short Equity ETFAUM: 2.60B

News

latest 14 of 100

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2024Q12024-05-021.1600.9101.16016,28216,3996
2023Q42024-02-08-3.570-2.250-3.57014,55215,4403
2023Q32023-11-091.1001.0051.10016,61616,8386
2023Q22023-07-272.2001.8172.20018,60618,9186
2023Q12023-05-041.2700.785-18,50117,3114
2022Q42023-02-090.3000.3280.30116,89115,4716
2022Q32022-11-101.1101.517-18,97516,8537
2022Q22022-07-284.2403.974-22,14221,7445
2022Q12022-05-054.2703.191-21,83621,0185
2021Q42022-02-103.9203.4823.91620,80620,3979
2021Q32021-11-114.1604.012-20,22921,7087
2021Q22021-07-293.4602.566-19,34318,9287
2021Q12021-05-061.9301.591-16,19316,533-
2020Q42021-02-110.1900.0801.00314,18415,7183
2020Q32020-11-05-0.190-0.175-13,26612,4043
2020Q22020-07-30-0.300-0.500-10,97610,6486

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY0.2970.721-2.42270,61571,407
2020FY-0.640-1.456-0.64753,27054,481
2021FY13.49013.15813.47776,57176,043
2022FY10.18010.10810.18379,84477,039
2023FY1.0902.5581.08968,27569,381
2024FY1.6902.6741.69062,44162,955
2025FY4.1104.1014.11061,35261,948
2026FY-2.358--66,562
2027FY-7.023--73,151
2028FY-7.914--74,981
2029FY-8.120--78,385
2030FY-7.810--78,210

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026FYS2026-11-06161766,56265,72568,406
2026FYS2026-11-05161766,56265,72568,406
2026FYS2026-11-04151367,10465,98568,406
2026FYS2026-10-27151267,18965,98568,406
2026FYS2026-10-25151267,18965,97768,406
2026FYS2026-10-14151367,18965,97768,406
2026FYS2026-10-13151367,04265,76968,320
2026FYS2026-10-12154367,04265,76968,320
2026FYS2026-10-09155267,14665,76968,320
2026FYS2026-10-08155267,14665,76968,320
2026FYS2026-10-05156167,23865,76968,320
2026FYS2026-10-02156167,27165,76968,320
2026FYS2026-10-01155167,22965,76968,234
2026FYS2026-09-28155167,26065,76968,401

Estimate history

EPS, annual4.465.038-2.422-0.64713.47710.1831.0891.694.128
Period201720182019202020212022202320242025
EPS, quarterly0.301-
PeriodQ4 '22Q1 '23
Sales, annual6867975951.16670601.83753623.06576451.09479887.73568380.74262330.70161541.836
Period201720182019202020212022202320242025
Sales, quarterly1689118501
PeriodQ4 '22Q1 '23
Shares, annual1019.9171013.5681012.0791080.734910.893805.338819.272768.547761.126
Period201720182019202020212022202320242025
Shares, quarterly805.338787
PeriodQ4 '22Q1 '23

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue62,797.7761,541.8462,330.7068,380.7479,887.7476,451.0953,623.0770,601.8475,951.17
Cost of Goods Sold Incl. D&A57,346.3156,947.6656,437.1362,596.8066,319.3157,464.8748,127.8866,947.5265,959.93
Gross Profit5,451.464,594.175,893.575,783.9413,568.4318,986.225,495.183,654.329,991.23
Selling, General and Administrative Excl. Other2,772.952,614.062,473.622,400.712,264.242,254.462,035.402,354.562,466.34
Research and Development340.68336.04284.50299.46286.16269.58246.62300.94289.69
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income2,678.511,980.113,419.953,383.2311,304.1916,731.763,459.781,299.767,524.89
Interest Expense443.81578.79509.10716.11401.22356.44480.16694.87686.26
Unusual Expense384.94-1,535.74198.652,446.781,041.57357.44310.042,317.571,564.31
Net Income Before Taxes1,251.102,804.652,132.2376.129,943.4415,796.23859.66-2,278.584,324.34
Income Taxes216.55360.111,532.29238.371,717.942,456.151,677.04458.91-348.62
Consolidated Net Income1,859.703,253.031,377.561,023.589,543.2215,540.63-581.83-2,390.555,324.26
Net Income From Continuing Operations1,811.793,161.751,336.63920.429,307.1014,932.58-737.86-2,453.545,143.46
Net Income1,811.793,161.751,336.63920.429,307.1014,932.58-737.86-2,453.545,143.46
EPS (Recurring)2.722.721.873.1210.9813.70-0.46-0.826.11
EPS (Basic, Before Extraordinaries)2.384.141.701.0910.2213.51-0.65-2.425.07
EPS (Diluted)2.374.131.691.0910.1813.48-0.65-2.425.04
EBITDA5,796.854,934.226,047.306,062.3713,885.6019,250.816,439.404,366.1910,320.88
Non-Operating Income (Expense)-598.66-132.41-579.97-144.2282.04-221.65-1,809.92-565.89-949.98
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Price To Earnings Ratio27.5927.59-6.612.292.50--4.78
Price To Sales Ratio0.730.570.290.350.300.460.490.250.28
Gross Margin8.687.479.468.4616.9824.8310.255.1813.15
Operating Margin4.273.225.494.9514.1521.896.451.849.91
Net Margin2.895.142.141.3511.6519.53-1.38-3.486.77
Shares Outstanding754.04761.13768.55819.27805.34910.891,080.731,012.081,013.57
Market Capitalization49,525.4849,525.4821,532.7628,241.8726,312.5236,634.9527,471.9921,072.6324,988.61

Income statement, quarterly

Currency USD, millions
Metric2026S12025S22025S12024S22024S12023S22023S12022S2
Total Revenue32,249.6830,548.0830,970.0229,851.8132,480.2031,210.1837,167.5435,928.96
Cost of Goods Sold Incl. D&A28,992.4828,353.8228,776.6027,442.5129,111.4730,770.5832,862.5333,439.60
Gross Profit3,257.202,194.262,193.422,409.303,368.73439.594,305.012,489.36
Selling, General and Administrative Excl. Other1,447.421,325.531,287.231,219.621,254.041,217.651,182.931,142.00
Research and Development159.16181.53154.23135.74148.77148.20151.25132.23
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,809.78868.73906.201,189.682,114.69-778.053,122.091,347.36
Interest Expense269.26174.54121.9739.9269.8934.05111.18109.19
Unusual Expense262.26122.68-1,872.880.000.001,406.900.005.01
Net Income Before Taxes1,214.1936.902,781.09599.831,532.60-2,683.632,760.501,440.52
Income Taxes311.31-94.75457.641,060.93471.26-182.25420.69336.59
Consolidated Net Income1,269.25590.462,672.23-105.791,483.68-2,027.743,051.971,284.25
Net Income From Continuing Operations1,259.24552.552,618.80-102.801,439.75-2,039.762,960.821,256.20
Net Income1,259.24552.552,618.80-102.801,439.75-2,039.762,960.821,256.20
EPS (Recurring)1.890.841.70-0.131.79-1.293.471.56
EPS (Basic, Before Extraordinaries)1.650.733.42-0.131.80-2.493.481.56
EPS (Diluted)1.650.733.41-0.131.79-2.493.471.56
EBITDA3,340.282,456.572,270.032,542.043,389.70588.804,434.222,613.58
Non-Operating Income (Expense)-64.06-534.60123.98-549.93-512.20-464.63-250.41207.36
Price To Earnings Ratio27.5913.8518.98-27.506.616.372.29
Price To Sales Ratio0.730.560.400.290.290.340.320.26
Gross Margin10.107.187.088.0710.371.4111.586.93
Operating Margin5.612.842.933.996.51-2.498.403.75
Net Margin3.901.818.46-0.344.43-6.547.973.50
Shares Outstanding754.04761.13760.49768.55785.39819.27839.24805.34
Market Capitalization49,525.4834,660.5424,270.7121,532.7622,267.5228,241.8725,288.3826,312.52

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments5,476.006,484.007,783.009,414.004,371.005,963.004,995.002,354.002,873.00
Short Term Receivables4,988.005,046.005,196.005,482.006,518.004,190.005,252.006,165.005,386.00
Inventories18,589.0016,501.0018,759.0020,087.0019,858.0012,328.0017,296.0020,744.0017,986.00
Other Current Assets1,552.001,351.001,502.002,135.004,192.005,492.001,073.003,212.00500.00
Total Current Assets30,605.0029,382.0033,240.0037,118.0034,939.0027,973.0028,616.0032,475.0026,745.00
Net Property, Plant & Equipment38,907.0031,806.0032,448.0028,930.0030,075.0030,622.0036,231.0035,638.0036,971.00
Total Investments and Advances10,851.0011,852.0010,754.0012,719.0011,783.0010,121.007,431.006,370.007,550.00
Long-Term Note Receivable337.00758.001,027.00665.00650.00746.00841.001,765.00441.00
Intangible Assets5,252.004,453.005,102.004,903.004,425.004,312.005,432.005,728.005,737.00
Deferred Tax Assets8,860.008,942.009,469.008,554.008,147.007,866.008,680.008,287.007,055.00
Other Assets2,891.002,192.001,877.001,658.00493.00412.00677.00986.00798.00
Total Assets97,703.0089,385.0093,917.0094,547.0090,512.0082,052.0087,908.0091,249.0085,297.00
Short Term Debt Incl. Current Port. of LT Debt2,739.002,748.002,312.002,583.001,913.002,507.002,869.003,167.002,785.00
Accounts Payable13,008.0012,921.0013,605.0013,532.0015,093.0011,525.0012,614.0013,981.0013,428.00
Income Tax Payable547.00480.00297.00318.001,266.00464.00378.00238.00232.00
Other Current Liabilities6,226.005,676.005,555.005,965.005,895.008,171.005,426.006,069.004,965.00
Total Current Liabilities22,520.0021,825.0021,769.0022,398.0024,167.0022,667.0021,287.0023,455.0021,410.00
Long Term Debt10,671.008,815.008,369.009,576.006,997.0010,655.0011,471.009,316.0010,143.00
Provision for Risks Charges4,142.003,699.004,218.003,912.005,270.006,353.009,818.008,977.0016,729.00
Deferred Tax Liabilities2,294.002,338.002,432.002,666.002,369.001,832.002,331.002,374.002,684.00
Other Liabilities1,540.001,422.001,061.00914.00874.001,148.002,518.003,019.00-6,524.00
Total Liabilities41,167.0038,099.0037,849.0039,466.0039,677.0042,655.0047,425.0047,141.0044,442.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity54,466.0049,223.0053,961.0052,643.0048,597.0037,440.0038,521.0042,086.0038,789.00
Total Shareholders Equity54,466.0049,223.0053,961.0052,643.0048,597.0037,440.0038,521.0042,086.0038,789.00
Accumulated Minority Interest2,070.002,063.002,107.002,438.002,238.001,957.001,962.002,022.002,066.00
Total Equity56,536.0051,286.0056,068.0055,081.0050,835.0039,397.0040,483.0044,108.0040,855.00
Total Liabilities & Stockholders Equity97,703.0089,385.0093,917.0094,547.0090,512.0082,052.0087,908.0091,249.0085,297.00
Book Value Per Share71.5664.0565.8665.3753.3534.6438.0641.5238.03
Tangible Book Value Per Share64.6658.2559.6459.2848.4930.6532.6935.8732.41
Full-Time Employees125,554125,416126,756154,352157,909167,743191,248209,000197,000
Price to Book Ratio0.900.410.470.490.700.780.550.590.90
Return on Assets3.381.460.9810.0617.31-0.87-2.745.835.69
Return on Equity6.102.591.7318.3934.71-1.94-6.0912.7213.26
Return on Invested Capital4.852.301.4814.9626.86-1.53-4.9110.019.34
Quick Ratio0.530.590.670.760.620.690.530.500.41
Current Ratio1.361.351.531.661.451.231.341.381.25

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income1,831.563,253.031,377.561,023.589,543.2215,540.63-581.83-2,390.555,324.26
Depreciation3,103.992,954.112,627.352,679.142,581.412,519.052,979.623,066.432,795.99
Other Funds (Non Cash)336.93-827.55958.303,248.02-299.16-217.66-127.843,732.302,697.09
Funds from Operations5,025.055,135.845,472.326,179.5611,462.2817,349.793,102.434,081.249,541.72
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-347.16-312.97-628.891,477.28-1,253.69-7,460.301,006.631,934.64-5,350.24
Cash from Operating Activities4,677.894,822.884,843.437,656.8410,208.599,889.494,109.056,015.884,191.48
Capital Expenditures-4,833.18-4,350.42-4,397.22-4,620.14-3,469.90-3,003.29-2,455.17-3,571.33-3,301.44
Net Assets From Acquisitions-216.29-41.13-183.67-2,527.91-939.51-42.93-139.92-245.95-106.88
Sale of Fixed Assets and Businesses122.8090.28738.69973.510.000.00500.29513.9064.93
Purchase or Sale of Investments485.5076.24-839.51487.75-32.022,595.9359.39-641.88-736.21
Purchase of Investments-376.56-225.70-1,165.94-73.11-32.02-79.870.00-837.84-999.92
Sale Or Maturity of Investments862.06301.93326.42560.870.002,675.8059.39195.96263.72
Other Uses-210.17-428.32-124.78-170.26-44.02-148.77-261.720.000.00
Other Sources0.000.000.000.000.00259.59272.80121.98256.72
Cash from Investing Activities-4,651.34-4,653.35-4,806.49-5,857.06-4,485.46-339.47-2,024.33-3,823.29-3,822.88
Cash Dividends Paid-462.15-422.30-392.31-369.57-332.18-311.510.00-202.96-100.89
Change in Capital Stock-480.69-262.81-1,297.70-1,209.87-2,938.61-5,161.90241.59-89.98-225.76
Repurchase of Common Pref Stock-480.69-262.81-1,297.70-1,209.87-2,938.61-5,161.90-503.31-89.98-225.76
Sale of Common Pref Stock0.000.000.000.000.000.00744.900.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00744.900.000.00
Issuance or Reduction of Debt, Net--641.981,228.83-1,676.593,284.80-4,750.55-1,165.681,261.76-211.77
Change in Long Term Debt-1,692.222,162.17118.183,895.13-2,181.58-1,330.762,472.54339.63
Issuance of Long Term Debt-2,113.522,223.07134.213,895.13146.77325.145,770.921,136.78
Reduction of Long Term Debt--421.30-60.89-16.02--2,328.35-1,655.90-3,298.39-797.14
Net Financing Active Other Cash Flow-120.68-121.37-389.31-415.64-491.27-656.97-583.84-454.92-81.91
Other Financing Activities Uses-120.68-121.37-389.31-415.64-491.27-656.97-583.84-454.92-196.79
Cash from Financing Activities-502.93-1,683.19-850.49-3,671.68-477.26-10,880.93-1,507.93513.90-620.33
Exchange Rate Effect-29.40505.56-470.17255.39-158.09-54.91164.08-22.00-139.85
Net Change in Cash-505.78-1,008.11-1,283.73-1,616.505,087.79-1,385.83740.882,684.50-391.58
Free Cash Flow-155.29472.46446.213,036.706,738.696,886.201,653.892,444.54890.04
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow-695.98339.418.993.745.3615.787.9326.74
Deferred Taxes & Investment Tax Credit--243.75509.10-771.19-363.20-492.23832.48-326.94-1,275.63

Balance sheet, quarterly

Currency USD, millions
Metric2026S12025S22025S12024S22024S12023S2
Cash & Short Term Investments4,898.005,476.005,443.006,484.005,903.007,783.00
Short Term Receivables4,508.004,988.004,628.005,046.004,186.005,196.00
Inventories19,283.0018,589.0019,126.0016,501.0017,690.0018,759.00
Other Current Assets3,303.001,552.003,775.001,351.003,229.001,502.00
Total Current Assets31,992.0030,605.0032,972.0029,382.0031,008.0033,240.00
Net Property, Plant & Equipment41,399.0038,907.0039,621.0031,806.0033,142.0032,448.00
Total Investments and Advances10,220.0010,851.0011,010.0011,852.0010,451.0010,754.00
Intangible Assets5,461.005,252.005,343.004,453.004,947.005,102.00
Deferred Tax Assets8,561.008,860.008,586.008,942.009,563.009,469.00
Other Assets1,517.002,891.001,346.002,192.001,736.001,877.00
Total Assets99,150.0097,703.0098,878.0089,385.0090,847.0093,917.00
Short Term Debt Incl. Current Port. of LT Debt2,694.002,739.003,173.002,748.002,357.002,312.00
Accounts Payable12,932.0013,008.0012,741.0012,921.0012,493.0013,605.00
Income Tax Payable455.00547.00499.00480.00327.00297.00
Other Current Liabilities6,314.006,226.007,187.005,676.005,129.005,555.00
Total Current Liabilities22,395.0022,520.0023,600.0021,825.0020,306.0021,769.00
Long Term Debt11,727.0010,671.0010,559.008,815.008,770.008,369.00
Deferred Tax Liabilities2,328.002,294.002,429.002,338.002,270.002,432.00
Other Liabilities1,560.001,540.001,549.001,422.001,175.001,061.00
Total Liabilities42,327.0041,167.0042,408.0038,099.0036,548.0037,849.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity54,820.0054,466.0054,378.0049,223.0052,204.0053,961.00
Total Shareholders Equity54,820.0054,466.0054,378.0049,223.0052,204.0053,961.00
Accumulated Minority Interest2,003.002,070.002,092.002,063.002,095.002,107.00
Total Equity56,823.0056,536.0056,470.0051,286.0054,299.0056,068.00
Total Liabilities & Stockholders Equity99,150.0097,703.0098,878.0089,385.0090,847.0093,917.00
Book Value Per Share72.7071.5671.5064.0566.4765.86
Tangible Book Value Per Share65.4664.6664.4858.2560.1759.64
Price to Book Ratio0.900.640.490.410.410.47
Return on Assets1.833.392.651.46-0.640.98
Return on Equity3.326.124.722.59-1.111.73
Return on Invested Capital1.890.854.03-0.182.36-3.27
Quick Ratio0.570.530.590.590.660.67
Current Ratio1.431.361.401.351.531.53

Cash flow, quarterly

Currency USD, millions
Metric2026S12025S22025S12024S22024S12023S2
Net Income1,269.25562.312,672.23-106.361,483.68-2,028.59
Depreciation1,530.501,573.481,363.831,351.871,275.011,366.48
Other Funds (Non Cash)349.34-12.41-810.44529.80428.333,479.77
Funds from Operations3,008.962,016.093,090.552,312.283,159.062,224.91
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-2,056.021,708.86-2,020.051,558.80-2,187.582,389.48
Cash from Operating Activities952.943,724.951,070.503,871.08971.484,614.39
Capital Expenditures-2,375.33-2,457.85-1,867.84-2,178.90-2,217.53-2,617.98
Net Assets From Acquisitions0.00-216.29175.390.07-183.71-177.59
Sale of Fixed Assets and Businesses33.0389.770.00670.6767.89973.32
Purchase or Sale of Investments511.50-26.01101.81-1,066.01226.65-29.18
Purchase of Investments-152.15-224.410.00-1,165.730.0037.08
Sale Or Maturity of Investments663.65198.41101.8199.72226.65-66.26
Other Uses0.00-210.17-215.71-124.760.00-114.14
Other Sources0.000.000.00-173.73173.730.00
Cash from Investing Activities-1,830.80-2,820.55-1,806.35-2,872.66-1,932.98-1,965.58
Cash Dividends Paid-300.30-161.85-258.05-108.68-283.56-184.20
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-483.472.78-264.10-408.86-888.61-504.49
Repurchase of Common Pref Stock-483.472.78-264.10-408.86-888.61-504.49
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net1,282.26-638.33-162.29556.66671.951,403.38
Change in Long Term Debt-1,682.600.002,161.790.00-
Issuance of Long Term Debt-2,101.500.002,222.670.00-
Reduction of Long Term Debt--418.900.00-60.880.00-
Net Financing Active Other Cash Flow0.00-120.680.00-389.240.00-206.22
Other Financing Activities Uses0.00-120.680.00-389.240.00-206.22
Cash from Financing Activities374.37-877.30-796.33-237.30-613.04-827.33
Exchange Rate Effect-21.02-8.37511.06-199.51-270.5843.00
Net Change in Cash-524.5218.73-1,021.11561.62-1,845.111,864.49
Free Cash Flow-1,422.401,267.10-797.331,692.18-1,246.051,996.41
Price to Free Cash Flow-695.5145.92329.8465.248.72

Revenue breakdown

Flat products2024: 35.38B 2025: 34.08B
Long products2024: 13.39B 2025: 12.45B
Mining products2024: 1.19B 2025: 1.51B
Other products2024: 10.74B 2025: 11.43B
Tubular products2024: 1.75B 2025: 1.88B
Argentina2024: 1.10B 2025: 897.00M
Belgium2024: 1.68B 2025: 1.47B
Brazil2024: 7.56B 2025: 7.12B
Canada2024: 3.41B 2025: 3.16B
China2024: 762.00M 2025: 1.17B
Czechia2024: 1.19B 2025: 1.15B
France2024: 4.19B 2025: 4.05B
Germany2024: 5.76B 2025: 5.70B
India2024: 128.00M 2025: 435.00M
Italy2024: 2.81B 2025: 2.66B
Mexico2024: 2.79B 2025: 2.31B
Morocco2024: 808.00M 2025: 955.00M
Netherlands2024: 1.27B 2025: 1.22B
Other Americas2024: 1.01B 2025: 964.00M
Other Europe2024: 4.33B 2025: 4.25B
Poland2024: 4.44B 2025: 4.41B
Rest of Africa2024: 572.00M 2025: 370.00M
Rest of Asia2024: 1.01B 2025: 745.00M
Romania2024: 403.00M 2025: 483.00M
South Africa2024: 1.75B 2025: 1.57B
South Korea2024: 337.00M 2025: 261.00M
Spain2024: 3.75B 2025: 3.72B
Turkey2024: 929.00M 2025: 957.00M
Ukraine2024: 557.00M 2025: 572.00M
United Kingdom2024: 1.46B 2025: 1.57B
United States2024: 8.44B 2025: 9.18B
Brazil2024: 12.40B 2025: 11.17B
Consolidation, Policy2024: -9.17B 2025: -8.42B
Europe2024: 29.95B 2025: 28.79B
Mining2024: 2.66B 2025: 3.23B
North America2024: 11.90B 2025: 12.34B
Other2024: 3.97B 2025: 3.74B
Sustainable Solutions2024: 10.72B 2025: 10.50B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.21%1.6M754.0M1.34M
2026-10-150.19%1.4M754.0M1.39M
2026-09-300.12%0.9M753.9M1.45M
2026-09-150.22%1.7M753.9M1.50M
2026-08-310.20%1.5M753.9M1.67M
2026-08-140.18%1.4M753.9M1.85M
2026-07-310.33%2.5M753.9M1.96M
2026-07-150.30%2.3M761.0M1.96M
2026-06-300.46%3.5M761.0M1.91M
2026-06-150.48%3.6M760.2M1.99M
2026-05-290.49%3.8M761.0M2.01M
2026-05-150.47%3.5M761.0M1.86M
2026-04-300.36%2.7M761.0M1.91M
2026-04-150.32%2.5M761.0M1.96M
2026-03-310.39%3.0M761.0M1.96M
2026-03-130.41%3.1M761.0M1.73M
2026-02-270.37%2.8M761.0M1.60M
2026-02-130.36%2.7M761.0M1.53M
2026-01-300.31%2.4M760.5M1.41M
2026-01-150.43%3.3M760.5M1.27M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call40.0024.0027.700.006.1670.000.000.970-0.3390.003
call45.0019.0022.700.005.0400.000.000.963-0.3220.004
call49.0015.6018.700.004.2090.000.000.955-0.3070.005
call50.0014.0017.7015.264.0081.000.000.952-0.3030.005
call51.0013.0016.300.003.4250.000.000.949-0.2980.005
call52.0012.6015.700.003.6360.000.000.946-0.2910.005
call53.0011.6014.300.003.0610.000.000.943-0.2880.006
call54.0010.6013.300.002.8900.000.000.939-0.2820.006
call55.0010.1012.7010.173.0391.000.000.935-0.2760.006
call56.009.1011.309.242.5252.000.000.931-0.2690.006
call57.008.309.808.401.9031.000.000.925-0.2620.007
call58.006.009.300.002.1700.000.000.919-0.2540.007
call59.006.108.300.002.0120.000.000.910-0.2450.008
call60.005.306.906.271.5130.001.000.898-0.2430.009
call61.004.306.005.341.4220.001.000.877-0.2530.010
call62.003.405.202.601.38513.000.000.845-0.2720.012
call63.002.504.302.021.2736.000.000.802-0.2870.013
call64.002.202.502.380.57810.004.000.765-0.2520.015
call65.001.551.751.610.56017.003.000.658-0.2900.018
call66.000.951.150.900.5547.002.000.530-0.3100.019
call67.000.500.650.650.5231,5171,5010.394-0.2860.019
call68.000.250.500.400.61521.000.000.300-0.2950.017
call69.000.150.300.190.62146.002.000.277-0.3790.016
call70.000.050.150.100.61117.003.000.190-0.2860.013
call71.000.000.950.070.87817.000.000.160-0.2810.012
call72.000.000.950.050.82217.000.000.095-0.1810.008
call73.000.001.750.050.9175.000.000.077-0.1640.007
call74.000.000.750.051.0895.000.000.085-0.2090.008
call75.000.001.001.151.2981.000.000.103-0.2860.009
call76.000.002.150.001.2700.000.000.075-0.2210.007
call77.000.001.200.001.2840.000.000.058-0.1860.006
call78.000.002.050.001.3680.000.000.055-0.1900.005
call79.000.000.950.001.4490.000.000.053-0.1930.005
call80.000.002.150.001.5310.000.000.050-0.1970.005
call81.000.002.150.001.6070.000.000.048-0.2000.005
call82.000.000.750.001.6830.000.000.047-0.2040.005
call83.000.002.100.001.7590.000.000.045-0.2060.005
call84.000.002.100.001.8320.000.000.043-0.2090.004
call85.000.000.750.001.9060.000.000.042-0.2120.004
call90.000.000.750.002.2410.000.000.037-0.2230.004
call95.000.002.100.002.5560.000.000.033-0.2330.004
put40.000.001.750.003.9630.000.00-0.030-0.3350.003
put45.000.001.750.003.1630.000.00-0.037-0.3200.004
put49.000.002.150.212.5712.000.00-0.045-0.3040.005
put50.000.002.150.082.4281.000.00-0.048-0.2990.005
put51.000.000.750.002.2910.000.00-0.051-0.2950.005
put52.000.000.750.302.1482.000.00-0.054-0.2890.005
put53.000.000.750.452.0104.000.00-0.057-0.2840.006
put54.000.000.750.601.8742.000.00-0.061-0.2780.006
put55.000.000.750.141.7391030.00-0.065-0.2720.006
put56.000.000.750.291.6053.000.00-0.069-0.2650.006
put57.000.001.000.221.4712.000.00-0.075-0.2570.007
put58.000.001.750.051.33828.001.00-0.082-0.2490.007
put59.000.001.751.501.2051.000.00-0.089-0.2400.008
put60.000.000.400.071.05632.000.00-0.103-0.2360.009
put61.000.000.900.100.9361.001.00-0.123-0.2480.010
put62.000.050.300.210.7981.001.00-0.156-0.2690.012
put63.000.150.250.400.66211.000.00-0.196-0.2780.013
put64.000.300.501.720.6932.000.00-0.232-0.2440.015
put65.000.550.800.000.6790.000.00-0.342-0.2850.018
put66.000.951.250.000.6890.000.00-0.470-0.3040.019
put67.001.501.800.000.6900.000.00-0.605-0.2800.019
put68.002.252.650.000.8100.000.00-0.697-0.2910.017
put69.002.904.800.001.6160.000.00-0.725-0.3700.016
put70.003.805.7010.751.7412.000.00-0.809-0.2810.013
put71.004.706.105.991.5561.000.00-0.870-0.2120.010
put72.005.706.806.551.5113.001.00-0.904-0.1750.008
put73.006.509.107.472.4432.001.00-0.923-0.1580.007
put74.007.6010.200.002.6520.000.00-0.929-0.1640.007
put75.007.9011.200.002.7920.000.00-0.934-0.1690.006
put76.008.9011.600.002.5600.000.00-0.938-0.1740.006
put77.0010.1012.600.002.6870.000.00-0.942-0.1780.006
put78.0010.5014.200.003.1910.000.00-0.945-0.1820.005
put79.0012.1014.600.002.9290.000.00-0.947-0.1860.005
put80.0013.1015.600.003.0450.000.00-0.949-0.1890.005
put81.0013.5017.200.003.5550.000.00-0.952-0.1930.005
put82.0015.1018.200.003.6690.000.00-0.953-0.1960.005
put83.0016.1019.200.003.7810.000.00-0.955-0.1990.005
put84.0016.5020.200.003.8900.000.00-0.957-0.2010.004
put85.0018.1021.200.003.9970.000.00-0.958-0.2040.004
put90.0022.8026.200.004.4960.000.00-0.963-0.2150.004
put95.0027.8031.200.004.9480.000.00-0.967-0.2240.004

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-09SEC
2026-11-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-05SEC
2026-11-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-04SEC
2026-11-026-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-02SEC
2026-10-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-28SEC
2026-10-266-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-21SEC
2026-10-196-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-16SEC
2026-09-256-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-25SEC
2026-09-156-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-14SEC
2026-08-176-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-17SEC
2026-08-036-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-03SEC
2026-07-316-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-30SEC
2026-07-246-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-24SEC
2026-07-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-06SEC
2026-07-01SDSpecialized Disclosure ReportSEC
2026-06-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-06-266-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-26SEC
2026-06-226-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-22SEC
2026-06-036-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-03SEC
2026-05-28SDSpecialized Disclosure ReportSEC
2026-05-276-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-27SEC
2026-05-196-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-19SEC
2026-05-196-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-19SEC
2026-05-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-13SEC
2026-05-13424B5SEC
2026-05-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-13SEC
2026-05-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-13SEC
2026-05-12FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-05-12424B5SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
FMR LLC1.27%
DIMENSIONAL FUND ADVISORS LP0.41%
Maple Rock Capital Partners Inc.0.29%
Connor, Clark & Lunn Investment Management Ltd.0.21%
MORGAN STANLEY0.20%
BlackRock, Inc.0.19%
GOLDMAN SACHS GROUP INC0.17%
Castle Hook Partners LP0.17%
AMERICAN CENTURY COMPANIES INC0.11%
Man Group plc0.10%

Funds

Fund% owned
Franklin Income Fund7.23%
Baird Short-Term Bond Fund6.07%
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND5.31%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND5.19%
Baird Aggregate Bond Fund3.42%
VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND3.28%
Guggenheim Total Return Bond Fund2.50%
DFA Investment Grade Portfolio1.83%
DoubleLine Low Duration Bond Fund1.82%
Transamerica Short-Term Bond1.69%

OakChart. MT. Cached 15 minutes.

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