ArcelorMittal vs Reliance
ArcelorMittal reported revenue of $61.4 billion in fiscal 2025, 4.3 times Reliance's $14.3 billion in fiscal 2025. ArcelorMittal's revenue fell 1.7% in its latest year, and Reliance's grew 3.3%. ArcelorMittal had an operating margin of 5.9%, against 7.1% at Reliance. Free cash flow was $471 million at ArcelorMittal and $502 million at Reliance.
Side by side
| ArcelorMittal | Reliance | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $61.4B | $14.3B |
| Revenue growth | −1.7% | 3.3% |
| Revenue growth a year, last 5 years | 2.9% | 10.2% |
| Gross margin | 7.1% | — |
| Operating margin | 5.9% | 7.1% |
| Net margin | 5.1% | 5.2% |
| Free cash flow | $471M | $502M |
| Free cash flow margin | 0.8% | 3.5% |
| Return on capital | 5.4% | 9.4% |
| Net debt to EBITDA | 1.2x | 0.9x |
| Dividends and buybacks | $804M | $594M |
| Change in diluted share count | −3.2% | −6.0% |
| Last close | $59.43 | $421.87 |
| P/E at the last close | — | 27.5× |
| Insider trades, last 12 months | — | sold $16.0 million |
| Piotroski F-score | 7 of 9 | 6 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
ArcelorMittalReliance
Operating margin
Percent of revenue
ArcelorMittalReliance
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
ArcelorMittalReliance
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the ArcelorMittal and Reliance pages.