ArcelorMittal (NYSE:MT) Announces Quarterly Earnings Results

ArcelorMittal (NYSE:MT) issued its quarterly earnings results on Thursday. The basic materials company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.30, Briefing.com reports. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.56 billion. ArcelorMittal had a return on equity of 4.94% and a net margin of 4.23%.The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS.

Here are the key takeaways from ArcelorMittal’s conference call:

• ArcelorMittal reported strong 2025 results with EBITDA of $6.5bn ($121/ton), $1.9bn of investable cash flow, a proposed base dividend of $0.60 per share and aggressive buybacks that cut shares outstanding ~38% over five years.
• New European trade measures (CBAM and a tariff‑rate quota) materially improve market structure, and the company says it can quickly bring idle European capacity online (e.g., Sestao, Gijón EAF, spare BF capacity) to meet demand.
• Management expects strategic projects and energy‑transition investments to drive future growth—projects added ~$0.7bn EBITDA in 2025 and management targets an additional ~$1.6bn of near‑term EBITDA while keeping CapEx guidance at $4.5–$5bn.
• Management warned of rising raw‑material and CO2 costs in Europe and a pricing lag (full benefit expected more in Q2), so near‑term margin timing is uncertain despite the supportive policy backdrop.
• Ilva faces a legal dispute noted in the press release; ArcelorMittal has taken no provision and expects the matter could take years to resolve, creating potential downside uncertainty.

ArcelorMittal Stock Performance

NYSE:MT traded up $3.36 during trading hours on Friday, reaching $60.60. 947,940 shares of the stock were exchanged, compared to its average volume of 1,803,445. ArcelorMittal has a 52 week low of $23.19 and a 52 week high of $60.97. The company has a quick ratio of 0.58, a current ratio of 1.39 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $46.96 billion, a P/E ratio of 18.04, a P/E/G ratio of 0.20 and a beta of 1.52. The firm has a 50 day simple moving average of $48.01 and a 200-day simple moving average of $40.33.

Institutional Trading of ArcelorMittal

Several institutional investors have recently added to or reduced their stakes in MT. AQR Capital Management LLC lifted its position in shares of ArcelorMittal by 75.0% in the 1st quarter. AQR Capital Management LLC now owns 34,038 shares of the basic materials company’s stock worth $982,000 after buying an additional 14,593 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in ArcelorMittal by 44.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,635 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 501 shares during the period. Cetera Investment Advisers acquired a new stake in ArcelorMittal during the second quarter worth about $232,000. Russell Investments Group Ltd. lifted its holdings in ArcelorMittal by 9.4% in the second quarter. Russell Investments Group Ltd. now owns 37,029 shares of the basic materials company’s stock worth $1,169,000 after acquiring an additional 3,171 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in ArcelorMittal by 268.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,422 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 1,765 shares during the period. Institutional investors own 9.29% of the company’s stock.

Key ArcelorMittal News

Here are the key news stories impacting ArcelorMittal this week:

• Positive Sentiment: Q4 performance beat on profit and EPS: ArcelorMittal swung to a quarterly profit and reported adjusted EPS of $0.86 vs. consensus ~$0.56, showing margin resilience and management saying global steel demand is improving for 2026. ArcelorMittal’s Q4 Earnings Surpass Estimates Amid Lower Shipments
• Positive Sentiment: Higher dividend / valuation focus: analysts and commentary after the beat are re‑rating the stock and reassessing valuation, citing the return to profit and a higher dividend as supportive for shareholder returns. Assessing ArcelorMittal (ENXTAM:MT) Valuation After Earnings Beat Return To Profit And Higher Dividend
• Positive Sentiment: EU trade protections and improving European demand: management and analysts flagged regulatory support in Europe as likely to boost domestic steel pricing and market share, which improves near-term sector dynamics. ArcelorMittal Eyes Boost From Europe’s Steel Protections as 2025 Ends With Slip in Earnings
• Positive Sentiment: Secures long-term iron ore supply: MT agreed a Liberia pact committing ~$3.5B to expand ore production and infrastructure through 2050 — a strategic move to lock in feedstock and support long‑term cost control. ArcelorMittal Signs Long-Term Liberia Pact, Commits $3.5B Investment
• Positive Sentiment: Analyst sentiment improving: at least one outlet reports a meaningful uptick in price target and analyst optimism following the results. Price Target Increased
• Neutral Sentiment: Earnings materials and call: slide deck and full earnings call transcript are available for more detail on cash flow, segment performance and management tone (useful for modeling). Q4 2025 Earnings Call Transcript Earnings Presentation
• Negative Sentiment: Revenue missed expectations and shipments softened: Q4 revenue (~$14.97B) was below consensus (~$15.56B) and management noted lower shipments in the quarter — a near-term demand/volume headwind despite better per‑unit results. Press Release / Slide Deck
• Negative Sentiment: Modest net income and regional impacts: reported net income of ~$177M for the quarter is a recovery but still modest; regional shutdowns (e.g., South Africa long‑steel ops) and restructuring weigh on some segments. ArcelorMittal Reports $177 Mn Net Income Oct-Dec South Africa Operations

Analyst Upgrades and Downgrades

MT has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of ArcelorMittal in a research note on Friday, October 10th. Santander upgraded shares of ArcelorMittal from a “neutral” rating to an “outperform” rating in a report on Thursday. Morgan Stanley raised shares of ArcelorMittal from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of ArcelorMittal in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded ArcelorMittal from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ArcelorMittal presently has an average rating of “Moderate Buy” and an average target price of $42.73.

About ArcelorMittal

ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world’s largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.

ArcelorMittal’s operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.