Cleveland-cliffs vs Arcelormittal
Arcelormittal is the larger business, with $61.35bn of revenue in fiscal 2025 against $18.61bn for Cleveland-cliffs (3.3 times as much). Arcelormittal grew faster (-1.7% against -3.0%). Arcelormittal kept more of each dollar of sales as profit: a net margin of 5.1% against -7.9%.
| Latest fiscal year | Cleveland-cliffsCLF, 2025 | ArcelormittalMT, 2025 |
|---|---|---|
| Revenue | $18.61bn | $61.35bn |
| Revenue growth | -3.0% | -1.7% |
| Net income | −$1.48bn | $3.15bn |
| Operating margin | — | 5.9% |
| Net margin | -7.9% | 5.1% |
| Return on equity | -23.2% | 6.1% |
| Free cash flow | −$1.02bn | — |
| Cash | $57.0m | $5.39bn |
| Total debt | $7.33bn | $13.41bn |
| Debt to equity | — | 24.6% |
| Dividend per share | — | — |
| Dividend yield | — | 1.2% |
| Share buybacks | $0 | — |
| Employees | 25,000 | — |
| Market value | $8.09bn | $46.06bn |
| Price vs our value range | — | Within our value range |
| Moat score | 32 (Weak) | — |
| Insider trades, 12 months | 2 buys, 3 sales | 0 buys, 0 sales |