ArcelorMittal SA
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||||||||||||||||||||||
| 9.7 | 3.7 | 20.6 | 2.4 | – | 5.1 | 0.8 | 0.9 | 5.0 | 7.3 | 8.3 | 3.3 | 510.5 | 19.0 | 12.5 | – | – | – | – | 11.8 | 7.2 | 4.1 | – | – | 2.4 | 2.6 | 26.1 | 13.6 | 11.1 | |
| 1.1 | 0.3 | 0.4 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.6 | 0.6 | 0.9 | 0.2 | 1.0 | 0.7 | 0.3 | 0.3 | 0.4 | 0.2 | 0.1 | 0.4 | 0.5 | 0.3 | 0.3 | 0.5 | 0.5 | 0.3 | 0.4 | 0.3 | 0.6 | |
| 3.5 | 1.1 | 2.1 | 0.3 | 0.6 | 1.9 | 6.6 | 0.7 | 1.2 | 0.9 | 1.7 | 0.6 | 1.0 | 0.9 | 0.5 | 0.5 | 0.6 | 0.5 | 0.3 | 0.7 | 0.9 | 0.5 | 0.5 | 0.7 | 0.7 | 0.5 | 0.4 | 0.4 | 0.6 | |
| 1.1 | 0.4 | 0.4 | 0.5 | 0.6 | 0.5 | 0.3 | 0.2 | 0.8 | 1.0 | 1.2 | 0.5 | 1.3 | 1.0 | 0.5 | 0.6 | 0.6 | 0.4 | 0.4 | 0.6 | 0.6 | 0.4 | 0.4 | 0.6 | 0.5 | 0.3 | 0.4 | 0.4 | 0.7 | |
| 6.2 | 2.5 | 4.3 | 5.2 | 113.3 | 7.7 | 1.9 | 0.6 | 3.9 | 6.0 | 6.2 | 3.1 | 19.3 | 9.6 | 5.0 | 7.5 | 7.4 | 4.9 | 6.0 | 4.5 | 5.1 | 3.2 | 6.7 | 6.2 | 2.1 | 1.8 | 4.7 | 3.7 | 7.1 | |
| – | – | 4.6 | 1.2 | – | 4.1 | 39.1 | 1.1 | 5.9 | 9.1 | 8.9 | 3.4 | 13.4 | 78.3 | – | 42.4 | 36.1 | 94.7 | – | 79.2 | 19.0 | 23.7 | 7.3 | 15.9 | 5.1 | 3.6 | 7.9 | 40.9 | 74.2 | |
| -1.3% | -139.7% | 22.0% | 81.5% | -28.8% | 24.2% | 2.6% | 89.6% | 17.0% | 11.0% | 11.2% | 29.4% | 7.4% | 1.3% | -10.9% | 2.4% | 2.8% | 1.1% | -7.5% | 1.3% | 5.3% | 4.2% | 13.8% | 6.3% | 19.6% | 28.1% | 12.6% | 2.4% | 1.3% | |
| Margins | |||||||||||||||||||||||||||||
| 20.9% | 17.8% | 13.4% | 13.2% | 4.7% | 10.9% | 20.9% | 33.8% | 23.6% | 17.8% | 19.3% | 15.1% | 3.6% | 8.9% | 9.3% | 5.4% | 6.5% | 7.6% | -2.5% | 11.2% | 11.4% | 11.8% | 5.2% | 8.7% | 24.9% | 17.5% | 8.5% | 9.3% | 9.6% | |
| 14.9% | 11.6% | 6.6% | 6.2% | -4.3% | 2.9% | 13.6% | 27.7% | 16.9% | 12.7% | 14.1% | 9.9% | -1.5% | 4.6% | 5.5% | 1.9% | 1.5% | 3.8% | -6.5% | 7.3% | 7.9% | 8.6% | -0.9% | 4.0% | 22.2% | 12.9% | 3.4% | 5.3% | 5.9% | |
| 10.9% | 6.8% | 1.8% | 1.9% | -7.0% | 1.0% | 12.4% | 21.2% | 11.7% | 8.9% | 11.3% | 7.6% | 0.2% | 3.7% | 2.4% | -4.0% | -3.2% | -1.4% | -12.5% | 3.1% | 6.7% | 6.8% | -3.5% | -1.4% | 19.5% | 11.7% | 1.3% | 2.1% | 5.1% | |
| -1.3% | -35.0% | 8.2% | 3.9% | -1.3% | 1.2% | 0.3% | 16.7% | 9.9% | 7.1% | 10.5% | 7.3% | 7.4% | 0.9% | -3.3% | 0.7% | 1.1% | 0.3% | -0.9% | 0.5% | 2.5% | 1.2% | 3.5% | 3.1% | 9.0% | 8.4% | 4.4% | 0.7% | 0.8% | |
| Returns | |||||||||||||||||||||||||||||
| 35.6% | 29.6% | 10.0% | 11.2% | -92.3% | 38.3% | 793.3% | 80.4% | 24.8% | 12.4% | 20.9% | 17.1% | 0.2% | 4.7% | 4.0% | -6.4% | -5.1% | -2.6% | -31.4% | 5.9% | 11.8% | 12.2% | -6.4% | -2.0% | 30.5% | 17.5% | 1.7% | 2.7% | 5.8% | |
| 4.5% | 4.0% | 1.4% | 1.7% | -5.9% | 0.9% | 21.0% | 24.5% | 10.6% | 4.7% | 8.9% | 7.1% | 0.1% | 2.2% | 1.9% | -2.9% | -2.3% | -1.1% | -10.3% | 2.4% | 5.4% | 5.6% | -2.8% | -0.9% | 16.5% | 9.8% | 1.0% | 1.5% | 3.2% | |
| Balance Sheet & Debt | |||||||||||||||||||||||||||||
| 12 | 361 | 287 | 2,301 | 2,294 | 2,207 | 2,197 | 294 | 6,273 | 21,116 | 23,911 | 26,500 | 18,893 | 19,719 | 22,513 | 21,911 | 16,090 | 15,781 | 15,313 | 10,774 | 9,940 | 9,956 | 8,725 | 6,752 | 4,186 | 2,350 | 2,056 | 4,311 | 6,967 | |
| 0.0 | 0.7 | 0.6 | 4.7 | 104.3 | 6.9 | 1.3 | 0.0 | 1.1 | 2.1 | 1.2 | 1.4 | 4.6 | 2.5 | 2.2 | 3.4 | 2.5 | 2.2 | 4.0 | 1.5 | 1.2 | 1.0 | 2.2 | 1.3 | 0.2 | 0.2 | 0.4 | 0.7 | 1.2 | |
| 12.6% | 13.5% | 14.3% | 14.8% | 6.4% | 2.3% | 2.6% | 30.5% | 42.8% | 37.6% | 42.4% | 41.5% | 47.8% | 47.7% | 46.5% | 45.1% | 44.3% | 42.4% | 32.9% | 40.1% | 45.5% | 46.1% | 43.8% | 45.6% | 54.3% | 56.2% | 57.5% | 55.1% | 55.7% | |
| 0.7 | 0.7 | 0.5 | 2.8 | 7.0 | 17.8 | 15.3 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.4 | 0.4 | 0.5 | 0.5 | 0.4 | 0.5 | 0.8 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| Per Share | |||||||||||||||||||||||||||||
| 4.81 | 4.56 | 1.69 | 1.97 | -6.15 | 0.95 | 23.19 | 94.96 | 11.42 | 12.59 | 20.16 | 16.28 | 0.19 | 4.34 | 3.35 | -5.13 | -3.41 | -1.41 | -10.29 | 1.86 | 4.46 | 5.04 | -2.42 | -0.64 | 13.50 | 10.18 | 1.09 | 1.69 | 4.11 | |
| 44.29 | 67.12 | 92.96 | 101.24 | 88.37 | 94.74 | 187.68 | 448.37 | 97.32 | 141.88 | 179.00 | 214.85 | 100.58 | 116.23 | 139.04 | 129.58 | 106.38 | 102.87 | 82.35 | 59.47 | 67.07 | 74.47 | 69.71 | 46.73 | 69.11 | 87.36 | 80.80 | 78.94 | 80.09 | |
| 13.51 | 15.40 | 16.96 | 17.56 | 6.66 | 2.48 | 2.92 | 118.09 | 45.96 | 101.53 | 96.44 | 94.93 | 100.62 | 93.00 | 83.87 | 79.59 | 66.68 | 54.61 | 32.74 | 31.55 | 37.88 | 41.22 | 38.03 | 32.84 | 44.32 | 58.15 | 63.86 | 62.23 | 71.10 | |
| -0.59 | -23.47 | 7.65 | 3.91 | -1.12 | 1.16 | 0.49 | 75.00 | 9.66 | 10.09 | 18.86 | 15.69 | 7.39 | 1.05 | -4.53 | 0.94 | 1.13 | 0.27 | -0.72 | 0.28 | 1.70 | 0.87 | 2.41 | 1.44 | 6.22 | 7.37 | 3.59 | 0.57 | 0.61 | |
Data as of: September 28, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.