Analysts see 2025 EPS $4.36 at ArcelorMittal (NYSE: MT)

Rhea-AI Filing Summary

ArcelorMittal filed a Form 6-K to share a press release publishing sell-side analyst consensus estimates for its fourth quarter and full year 2025 results. Based on Visible Alpha data, analysts on average expect 4Q 2025 EBITDA of $1,531 million and full year 2025 EBITDA of $6,466 million.

Consensus net income estimates are $390 million for 4Q 2025 and $3,321 million for full year 2025, with corresponding earnings per share of $0.51 and $4.36. Around 14 brokers contribute to these figures via Visible Alpha, and ArcelorMittal stresses the estimates are independent analyst views, not company forecasts.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

—————————

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

—————————

Dated February 4, 2026

Commission File Number: 001-35788

ARCELORMITTAL

(Translation of registrant’s name into English)

24-26, Boulevard d’Avranches

L-1160 Luxembourg

Grand Duchy of Luxembourg

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒        Form 40-F ☐

On February 3, 2026, ArcelorMittal published the press release attached hereto as Exhibit 99.1 and hereby incorporated by reference into this report on Form 6-K.

Exhibit Index

Exhibit No. Description

Exhibit 99.1 ArcelorMittal announces the publication of its fourth quarter and full year 2025 sell-side analyst consensus figures

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ARCELORMITTAL

Date 4 February 2026

By: /s/ Henk Scheffer    

Name: Henk Scheffer

Title: Company Secretary & Group Compliance & Data Protection Officer

Exhibit 99.1

press release

ArcelorMittal announces the publication of its fourth quarter and full year 2025 sell-side analyst consensus figures

3 February 2026, 14:30 CET

ArcelorMittal today announces the publication of its fourth quarter and full year 2025 sell-side analyst consensus figures.

The consensus figures are based on analysts’ estimates recorded on an external web-based tool provided and managed by an independent company, Visible Alpha.

To arrive at the consensus figures below, Visible Alpha has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group of approximately 15 brokers. The listed sell-side analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views. ArcelorMittal is neither involved in the collection of the information nor in the compilation of the estimates.

4Q’25 and FY’25 consensus estimates:

			4Q’25			FY’25
•EBITDA ($m)			$1,531			$6,466
•Net income ($m)			$390			$3,321
•Earnings per share ($)			$0.51			$4.36

Equity analyst contributing to consensus:

Sell-side analyst participation stands at 14 brokers (i.e., those with updated estimates in Visible Alpha). The sell-side analysts who cover ArcelorMittal and whose estimates are included in the 4Q’25 and FY’25 group consensus outlined above are the following (GVC and Alphavalue included for FY’25 only):

1.Alphavalue – Fabrice Farigoule

2.Bank of America – Reinhardt Van Der Walt

3.CITI – Ephrem Ravi, Krishan Agarwal

4.Deutsche Bank – Bastian Synagowitz

5.Goldman Sachs – Matt Greene

6.Groupo Santander – Robert Jackson

7.GVC Gaesco Valores* – Inigo Pascual

8.Jefferies – Cole Hathorn

9.Kepler – Boris Bourdet

10.Keybanc – Phil Gibbs

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11.Morgan Stanley – Alain Gabriel

12.Oddo – Maxime Kogge

13.UBS – Andrew Jones

14.Wells Fargo – Timna Tanners

Disclaimer

Estimates based on Visible Alpha consensus dated 3.2.26. The disclaimer is:

The information provided by Visible Alpha cited herein is provided “as is” and “as available” without warranty of any kind. Use of any Visible Alpha data is at a user’s own risk and Visible Alpha disclaims any liability for use of the Visible Alpha data. Although the information is obtained or compiled from reliable sources Visible Alpha neither can nor does guarantee or make any representation or warranty, either express or implied, as to the accuracy, validity, sequence, timeliness, completeness or continued availability of any information or data, including third-party content, made available herein. In no event shall Visible Alpha be liable for any decision made or action or inaction taken in reliance on any information or data, including third-party content. Visible Alpha further explicitly disclaims, to the fullest extent permitted by applicable law, any warranty of any kind, whether express or implied, including warranties of merchantability, fitness for a particular purpose and non-infringement.

The consensus estimate is based on estimates, forecasts and predictions made by third party financial analysts, as described above. It is not prepared based on information provided or checked by ArcelorMittal and can only be seen as a consensus view on ArcelorMittal's results from an outside perspective. ArcelorMittal has not provided input on these forecasts, except by referring to past publicly disclosed information. ArcelorMittal does not accept any responsibility for the quality or accuracy of any individual forecast or estimate. This web page may contain forward-looking statements based on current assumptions and forecasts made by ArcelorMittal or third parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between ArcelorMittal's actual future results, financial situation, development or performance, and the estimates given here. These factors include those discussed in ArcelorMittal's periodic reports available on http://corporate.arcelormittal.com/.

ENDS

About ArcelorMittal

ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 14 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2024 generated revenues of $62.4 billion, produced 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

http://corporate.arcelormittal.com/  

ArcelorMittal Investor Relations contact information
General			+44 20 7543 1128
Retail			+44 20 3214 2893

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Bonds/Credit			+33 171 921 026
Bonds/Credit			+33 171 921 026

ArcelorMittal Corporate Communications contact information
Paul Weigh
Tel:			+44 20 3214 2419
E-mail			press@arcelormittal.com

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FAQ

What analyst consensus figures did ArcelorMittal (MT) publish for Q4 2025?

Analysts on average expect ArcelorMittal’s Q4 2025 EBITDA at $1,531 million, net income of $390 million and earnings per share of $0.51. These figures come from sell-side estimates aggregated by Visible Alpha.

What are the full year 2025 consensus estimates for ArcelorMittal (MT)?

For full year 2025, consensus points to EBITDA of $6,466 million, net income of $3,321 million and earnings per share of $4.36. These numbers reflect the average of contributing sell-side analyst forecasts.

How many analysts contribute to ArcelorMittal (MT) 2025 consensus estimates?

Sell-side analyst participation stands at 14 brokers with updated estimates in the Visible Alpha system. Their individual forecasts are aggregated to form the Q4 2025 and full year 2025 consensus figures disclosed by ArcelorMittal.

Does ArcelorMittal (MT) prepare or verify the consensus estimates it publishes?

No. The consensus is based on third-party analyst forecasts compiled by Visible Alpha and not checked by ArcelorMittal. The company states it is not responsible for the quality or accuracy of any individual estimate or the aggregated consensus.

What role does Visible Alpha play in ArcelorMittal (MT) consensus figures?

Visible Alpha provides and manages the external web-based tool that collects analyst estimates and aggregates them into consensus figures. The data is supplied on an “as is” basis, with Visible Alpha disclaiming warranties and liability related to its use.

What recent scale of operations did ArcelorMittal (MT) highlight alongside the consensus?

ArcelorMittal noted that in 2024 it generated $62.4 billion of revenues, produced 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore, underscoring its position as a leading integrated steel and mining company.