ArcelorMittal S.A.

MTNYSEBasic Materials● Active

$67.21

$-4.44(-6.20%)

Market Cap$51.2B

P/E Ratio—

52W High$72.23

52W Low$29.8

Avg Volume2.0M

Open$70.08

Beta1.73

Overview

ArcelorMittal S.A. (MT) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MT · free cash flow · updated Jun 8, 2026

Core FCF metrics

MT · FCF · TTM · margin & CAGR

Free cash flow was $471.0M for FY2025 (fiscal year ending 2025-12-31), up 5.4% year-over-year The FCF margin was 0.8%. Five-year CAGR stands at -22.1%.

FY2025 Free Cash Flow$471.0M▲ +5.4% YoY

Trailing 12M (TTM)−$1.30BTrailing 4Q sum · TTM negative vs latest FY positive

FCF Margin0.8%$471.0M ÷ revenue

3-Year CAGR-58.8%FY2022 → FY2025

5-Year CAGR-22.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.81B(4.34B)$471.0M▲ +5.4%0.8%

FY2024$4.85B(4.41B)$447.0M▼ 85.3%0.7%

FY2023$7.64B(4.61B)$3.03B▼ 55.0%4.4%

FY2022$10.20B(3.47B)$6.74B▼ 2.3%8.4%

FY2021$9.90B(3.01B)$6.90B▲ +319.8%9.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MT · P/FCF · FCF yield · FCF per share

ArcelorMittal S.A. (MT) valuation ratios are currently unavailable — market cap, share count, or TTM data could not be retrieved from our data provider.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

Valuation ratios are unavailable — market cap, share count, or TTM data could not be retrieved. Individual metrics are shown where available.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MT · cash flow statement · operating / investing / financing

For FY2025, ArcelorMittal S.A. generated $4.81B in operating cash flow and spent 4.34B in capital expenditures, yielding $471.0M in free cash flow.

Operating Activities

+$4.81B

Cash from core business operations

2025-12-31

Investing Activities

−$4.55B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.77B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($4.81B) − |CapEx| (4.34B) = FCF ($471.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

MT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

ArcelorMittal S.A.YOU

$471.0M+5.4%0.8%

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

ArcelorMittal S.A. (MT) reported free cash flow of $471.0M for FY2025 (fiscal year ending 2025-12-31), up 5.4% year-over-year. The FCF margin was 0.8%.

Based on available data, ArcelorMittal S.A. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $6.90B in FY2021. The 5-year CAGR stands at -22.1%.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MT free cash flow · 8 questions

ArcelorMittal S.A. free cash flow was $471.0M for FY2025, up 5.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.30B.

MT free cash flowMT FCFMT FCF 2025MT free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · ArcelorMittal S.A. · ArcelorMittal S.A. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026