ArcelorMittal (ADR)
Produces flat, long and tubular steel while mining iron ore and processing downstream products.
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Profile
Produces flat, long and tubular steel, mines iron ore, and processes or distributes downstream products for automotive, construction, energy and other industrial customers. Operations span Europe, the Americas, India and joint ventures, with steel demand, energy costs, trade policy and carbon regulation shaping performance.
Organizes operations across North America, Brazil, Europe, India and joint ventures, Sustainable Solutions, and Mining. Flat, long and tubular steel serve automotive, construction, energy, packaging and machinery customers, while mining supplies iron ore and downstream units provide tubes, tailored blanks, processing and distribution.
Runs primary steelmaking across multiple continents, with Europe the largest external-sales region and substantial businesses in the Americas. Integration from raw materials through steelmaking and first-stage transformation supports product breadth, while a global research network develops steelmaking, mining and decarbonization technologies.
Depends on steel demand, raw-material and energy costs, trade defenses, carbon policy, safe operation of mines and mills, and reliable logistics. Lower-carbon investment also depends on renewable power, hydrogen economics, border measures and customer willingness to pay.
Company facts
Key statistics
Year to date +57.6% · Average volume (30d) 1.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Morgan Stanley | Initiate | Overweight | $82 | ||
| Jul 31, 2026 | Deutsche Bank | Reiterate | Buy | $70 | $75 | |
| Jul 10, 2026 | JP Morgan | Upgrade | Underweight | Neutral | ||
| Jul 9, 2026 | Wells Fargo | Reiterate | Equal Weight | $60 | $62 | |
| Jul 7, 2026 | Deutsche Bank | Reiterate | Buy | $49 | $70 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $1.18 | $0.89 | −24.6% | $17.56B | $16.76B | −4.5% | +5.54% |
| Apr 30, 2026Q1 FY26 | $0.72 | $0.75 | +4.2% | $17.04B | $15.46B | −9.3% | −0.63% |
| Feb 5, 2026Q4 FY25 | $0.56 | $0.86 | +53.6% | $16.21B | $14.97B | −7.6% | +7.09% |
| Nov 6, 2025Q3 FY25 | $0.58 | $0.62 | +6.9% | $15.60B | $15.66B | +0.4% | +3.43% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $14.80B | $15.93B | $15.66B | $14.97B | $15.46B | $16.76B | |
| Gross profit | $1.48B | $15.93B | $1.38B | $1.39B | $1.50B | $1.06B | |
| Operating income | $825.0M | $1.93B | $544.0M | $327.0M | $753.0M | $1.06B | |
| Net income | $805.0M | $1.79B | $377.0M | $177.0M | $575.0M | $683.0M | |
| Diluted EPS | $1.04 | $2.33 | $0.49 | $0.23 | $0.75 | $0.89 | |
| Gross margin | 10.0% | 100.0% | 8.8% | 9.3% | 9.7% | 6.3% | |
| Operating margin | 5.6% | 12.1% | 3.5% | 2.2% | 4.9% | 6.3% |
Fiscal years (4-quarter sums)FY21 $76.57B · FY22 $79.84B · FY23 $68.28B · FY24 $62.44B · FY25 $61.35B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $4.90B · Total debt $14.42B · Total assets $99.15B · Shareholders' equity $54.82B
Dividends
Raised for 4 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 7, 2026 | Aug 7 | Sep 9 | $0.15 | |
| May 13, 2026 | May 13 | Jun 10 | $0.15 | |
| Feb 20, 2026 | Feb 20 | Mar 18 | $0.15 | cut from $0.275 |
| Nov 13, 2025 | Nov 13 | Dec 3 | $0.275 | |
| May 16, 2025 | May 16 | Jun 11 | $0.275 | raised from $0.25 |
| Nov 12, 2024 | Nov 12 | Dec 4 | $0.25 | |
| May 16, 2024 | May 17 | Jun 12 | $0.25 | raised from $0.22 |
| Nov 13, 2023 | Nov 14 | Dec 7 | $0.22 | raised from $0.187 |
Ownership
Shares outstanding 761.10M · Float 760.97M · 100.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Lakshmi N. Mittal | 340.15M | 44.70% | 13D | Mar 19, 2026 |
| FMR LLC | 11.39M | 1.50% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 3.25M | 0.43% | 13F | Aug 11, 2026 |
| Maple Rock Capital Partners Inc. | 2.19M | 0.29% | 13F | Aug 14, 2026 |
| Morgan Stanley | 1.50M | 0.20% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- POSCO (ADR)
Integrated rival across mobility, energy and low-carbon steel
- Nucor
Broad North American rival in sheet, long and construction steel
- Cleveland-Cliffs
North American rival in automotive flat steel and iron ore inputs
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ArcelorMittal (ADR) | $74.39 | +0.01% | $56.62B | 31.5 | — | 0.9 | +5.2% |
| POSCO (ADR) | $60.25 | −0.02% | $18.22B | 17.3 | 14.2 | 0.4 | +12.1% |
| Nucor | $250.50 | −0.02% | $57.05B | 20.0 | 12.2 | 1.6 | +23.0% |
| Cleveland-Cliffs | $11.61 | −0.04% | $6.63B | — | 18.2 | 0.3 | +5.9% |
| Median | 18.6 | 14.2 | 0.4 | +12.1% |