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ArcelorMittal (MT) Reports Q4 Earnings: What Key Metrics Have to Say

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For the quarter ended December 2025, ArcelorMittal (MT - Free Report) reported revenue of $14.97 billion, up 1.8% over the same period last year. EPS came in at $0.86, compared to $0.52 in the year-ago quarter.

The reported revenue represents a surprise of -5.01% over the Zacks Consensus Estimate of $15.76 billion. With the consensus EPS estimate being $0.56, the EPS surprise was +53.57%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how ArcelorMittal performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Crude steel production - Total: 12.80 Mmt compared to the 14.37 Mmt average estimate based on two analysts.
  • Europe - Long shipments: 1,835.00 Kmt versus the two-analyst average estimate of 2,095.62 Kmt.
  • North America - Average steel selling price: $1,052.00 versus the two-analyst average estimate of $1,018.23.
  • Brazil - Crude steel production: 3,636.00 Kmt compared to the 3,586.38 Kmt average estimate based on two analysts.
  • Brazil - Average steel selling price: $692.00 versus $735.15 estimated by two analysts on average.
  • Europe - Crude steel production: 6,398.00 Kmt versus 7,773.01 Kmt estimated by two analysts on average.
  • Europe - Average steel selling price: $906.00 versus the two-analyst average estimate of $895.62.
  • Sales- North America: $3.05 billion versus $3.06 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
  • Sales- Brazil: $2.9 billion versus the two-analyst average estimate of $2.77 billion. The reported number represents a year-over-year change of +0.4%.
  • Sales- Sustainable Solutions: $2.6 billion versus the two-analyst average estimate of $2.22 billion. The reported number represents a year-over-year change of +8.3%.
  • Sales- Mining: $908 million versus $859.64 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +29% change.
  • Sales- Europe: $6.74 billion versus $7.6 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.7% change.

View all Key Company Metrics for ArcelorMittal here>>>

Shares of ArcelorMittal have returned +16.9% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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