ArcelorMittal Past Earnings Performance

Past criteria checks 1/6

ArcelorMittal has been growing earnings at an average annual rate of 28.5%, while the Metals and Mining industry saw earnings growing at 22.1% annually. Revenues have been growing at an average rate of 2% per year. ArcelorMittal's return on equity is 1.8%, and it has net margins of 1.3%.

Key information

28.5%

Earnings growth rate

30.7%

EPS growth rate

Metals and Mining Industry Growth24.3%
Revenue growth rate2.0%
Return on equity1.8%
Net Margin1.3%
Next Earnings Update02 May 2024

Recent past performance updates

Some Investors May Be Willing To Look Past ArcelorMittal's (AMS:MT) Soft Earnings

Feb 15
Some Investors May Be Willing To Look Past ArcelorMittal's (AMS:MT) Soft Earnings

Recent updates

These 4 Measures Indicate That ArcelorMittal (AMS:MT) Is Using Debt Extensively

Mar 25
These 4 Measures Indicate That ArcelorMittal (AMS:MT) Is Using Debt Extensively

Some Investors May Be Willing To Look Past ArcelorMittal's (AMS:MT) Soft Earnings

Feb 15
Some Investors May Be Willing To Look Past ArcelorMittal's (AMS:MT) Soft Earnings

Are Investors Undervaluing ArcelorMittal S.A. (AMS:MT) By 46%?

Jan 01
Are Investors Undervaluing ArcelorMittal S.A. (AMS:MT) By 46%?

Is ArcelorMittal (AMS:MT) A Risky Investment?

Dec 11
Is ArcelorMittal (AMS:MT) A Risky Investment?

Estimating The Intrinsic Value Of ArcelorMittal S.A. (AMS:MT)

Oct 02
Estimating The Intrinsic Value Of ArcelorMittal S.A. (AMS:MT)

These 4 Measures Indicate That ArcelorMittal (AMS:MT) Is Using Debt Extensively

Aug 21
These 4 Measures Indicate That ArcelorMittal (AMS:MT) Is Using Debt Extensively

ArcelorMittal S.A.'s (AMS:MT) Intrinsic Value Is Potentially 49% Above Its Share Price

Jul 04
ArcelorMittal S.A.'s (AMS:MT) Intrinsic Value Is Potentially 49% Above Its Share Price

Here's Why ArcelorMittal (AMS:MT) Has A Meaningful Debt Burden

May 23
Here's Why ArcelorMittal (AMS:MT) Has A Meaningful Debt Burden

A Look At The Intrinsic Value Of ArcelorMittal S.A. (AMS:MT)

Apr 05
A Look At The Intrinsic Value Of ArcelorMittal S.A. (AMS:MT)

We Think You Can Look Beyond ArcelorMittal's (AMS:MT) Lackluster Earnings

Feb 17
We Think You Can Look Beyond ArcelorMittal's (AMS:MT) Lackluster Earnings

Calculating The Fair Value Of ArcelorMittal S.A. (AMS:MT)

Jan 05
Calculating The Fair Value Of ArcelorMittal S.A. (AMS:MT)

Should You Be Adding ArcelorMittal (AMS:MT) To Your Watchlist Today?

Dec 11
Should You Be Adding ArcelorMittal (AMS:MT) To Your Watchlist Today?

Revenue & Expenses Breakdown
Beta

How ArcelorMittal makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

ENXTAM:MT Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2368,2759192,337299
30 Sep 2370,6144,1462,021286
30 Jun 2372,9734,2102,078283
31 Mar 2376,5096,2732,021286
31 Dec 2279,8449,3022,021286
30 Sep 2283,75913,0863,121424
30 Jun 2285,01316,7142,246238
31 Mar 2282,21416,7962,152270
31 Dec 2176,57114,9562,152270
30 Sep 2169,94912,1182,102245
30 Jun 2162,9867,2362,154287
31 Mar 2154,6192,6722,102245
31 Dec 2053,270-7332,102245
30 Sep 2054,600-3,8222,459301
30 Jun 2057,968-4,1002,263272
31 Mar 2066,271-3,9882,459301
31 Dec 1970,615-2,4542,459301
30 Sep 1973,4286212,528290
30 Jun 1975,3162,0592,386299
31 Mar 1976,0354,3712,528290
31 Dec 1876,0335,1492,528290
30 Sep 1875,4164,9952,444278
30 Jun 1874,5335,3012,588314
31 Mar 1871,7794,7582,444278
31 Dec 1768,6794,5682,444278
30 Sep 1765,0953,9322,398239
30 Jun 1761,9793,4072,437262
31 Mar 1759,4783,1972,398239
31 Dec 1656,7911,7792,398239
30 Sep 1656,646-5,3102,713227
30 Jun 1657,712-6,7012,385332
31 Mar 1659,859-7,6342,713227
31 Dec 1563,578-7,9462,715227
30 Sep 1568,320-2,2293,294259
30 Jun 1572,798-1,4963,281109
31 Mar 1576,612-1,6233,294259
31 Dec 1479,282-1,1003,294259
30 Sep 1480,407-1,4153,228270
30 Jun 1479,983-1,6303,181301
31 Mar 1479,476-2,4623,228270
31 Dec 1379,440-2,6023,300270
30 Sep 1378,901-4,9463,511285
30 Jun 1378,981-5,6003,352286
31 Mar 1381,262-3,7233,511285

Quality Earnings: MT has a large one-off loss of $2.4B impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: MT's current net profit margins (1.3%) are lower than last year (11.7%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: MT's earnings have grown significantly by 28.5% per year over the past 5 years.

Accelerating Growth: MT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MT had negative earnings growth (-90.1%) over the past year, making it difficult to compare to the Metals and Mining industry average (-35.7%).


Return on Equity

High ROE: MT's Return on Equity (1.8%) is considered low.


Return on Assets


Return on Capital Employed


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