ArcelorMittal
MT · Steel
$59.43
1.2%Nucor
NUE · Steel
$258.11
0.0%The short version
- ArcelorMittal is the larger business, with $61.4B of revenue in fiscal 2025 against $32.5B for Nucor, about 1.9 times as much.
- Nucor grew revenue faster (5.7%, against −1.7%).
- ArcelorMittal turned more of its sales into free cash flow (0.8% FCF margin, against −0.6% FCF margin).
- Nucor earned a higher return on the capital invested in it (8.6%, against 5.4%).
| Latest fiscal year | MT · FY25 | NUE · FY25 |
|---|---|---|
| Size | ||
| Market cap | $45.5B | $59.0B |
| Revenue | $61.4B | $32.5B |
| Free cash flow | $471M | −$188M |
| Net income | $3.2B | $1.7B |
| Growth | ||
| Revenue growth | −1.7% | 5.7% |
| 5-year growth | 2.9% | 10.0% |
| Share count change | −3.2% | −3.1% |
| Profitability | ||
| Gross margin | 7.1% | 11.9% |
| Operating margin | 5.9% | — |
| Net margin | 5.1% | 5.4% |
| FCF margin | 0.8% | −0.6% |
| Return on capital | 5.4% | 8.6% |
| Return on equity | 6.1% | 8.5% |
| Balance sheet | ||
| Net debt | $7.8B | $4.4B |
| Net debt / EBITDA | 1.2x | 1.0x |
| Dividends and buybacks | $804M | $1.2B |
| Valuation & quality | ||
| P/E | — | 20.6x |
| Piotroski F-score | 7 | 6 |
FY16
MT $56.8B
NUE $16.2B
FY17
MT $68.7B
NUE $20.3B
FY18
MT $76.0B
NUE $25.1B
FY19
MT $70.6B
NUE $22.6B
FY20
MT $53.3B
NUE $20.1B
FY21
MT $76.6B
NUE $36.5B
FY22
MT $79.8B
NUE $41.5B
FY23
MT $68.3B
NUE $34.7B
FY24
MT $62.4B
NUE $30.7B
FY25
MT $61.4B
NUE $32.5B
MT
NUE
FY16
MT 7.3%
NUE —
FY17
MT 7.9%
NUE —
FY18
MT 8.6%
NUE —
FY19
MT −0.9%
NUE —
FY20
MT 4.0%
NUE —
FY21
MT 22.2%
NUE —
FY22
MT 12.9%
NUE —
FY23
MT 3.4%
NUE —
FY24
MT 5.3%
NUE —
FY25
MT 5.9%
NUE —
MT
NUE
FY16
MT $264M
NUE $1.1B
FY17
MT $1.7B
NUE $607M
FY18
MT $891M
NUE $1.4B
FY19
MT $2.4B
NUE $1.3B
FY20
MT $1.6B
NUE $1.2B
FY21
MT $6.9B
NUE $4.6B
FY22
MT $6.7B
NUE $8.1B
FY23
MT $3.0B
NUE $4.9B
FY24
MT $447M
NUE $806M
FY25
MT $471M
NUE −$188M
MT
NUE
FY16
MT —
NUE 9.9%
FY17
MT 10.6%
NUE 13.7%
FY18
MT 12.4%
NUE —
FY19
MT −1.0%
NUE —
FY20
MT 2.2%
NUE 7.5%
FY21
MT 28.7%
NUE 46.5%
FY22
MT 15.4%
NUE 42.3%
FY23
MT 3.3%
NUE 23.6%
FY24
MT 2.9%
NUE 10.9%
FY25
MT 5.4%
NUE 8.6%
MT
NUE
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.