MT vs NUE
ArcelorMittal and Nucor Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MT | NUE |
|---|---|---|
| Revenue | $61.4B | $32.5B |
| Net income | $3.2B | $1.7B |
| Gross margin | 7.1% | 11.9% |
| Net margin | 5.3% | 6.3% |
| Return on equity | 6.1% | 8.5% |
| Diluted EPS | $4.11 | $7.52 |
| Dividend / share | · | $2.21 |
| Payout ratio | 17.2% | 29.4% |
| Free cash flow | · | $-188.0M |
| Equity | $54.5B | $20.9B |
| Net debt / equity | 0.15× | 0.23× |
| Current ratio | 1.36× | 2.94× |
| Revenue CAGR 5y | 2.9% | 10.0% |
| Profit CAGR 5y | · | 19.3% |
MT bills 1.9× the revenue of NUE, and NUE keeps more of each dollar of revenue as profit (6.3% against 5.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MT | NUE |
|---|---|---|
| FY2025 | $61.4B | $32.5B |
| FY2024 | $62.4B | $30.7B |
| FY2023 | $68.3B | $34.7B |
| FY2022 | $79.8B | $41.5B |
| FY2021 | $76.6B | $36.5B |
| FY2020 | $53.3B | $20.1B |
| FY2019 | $70.6B | $22.6B |
| FY2018 | $76.0B | $25.1B |
| FY2017 | $68.7B | $20.3B |
| FY2016 | $56.8B | $16.2B |
Bottom line
| Fiscal year | MT | NUE |
|---|---|---|
| FY2025 | $3.2B | $1.7B |
| FY2024 | $1.3B | $2.0B |
| FY2023 | $919.0M | $4.5B |
| FY2022 | $9.3B | $7.6B |
| FY2021 | $15.0B | $6.8B |
| FY2020 | $-733.0M | $721.5M |
| FY2019 | $-2.5B | $1.3B |
| FY2018 | $5.1B | $2.4B |
| FY2017 | $4.6B | $1.3B |
| FY2016 | $1.8B | $796.3M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$28,858,000,000 | MT |
| FY2024 | +$31,707,000,000 | MT |
| FY2023 | +$33,561,000,000 | MT |
| FY2022 | +$38,332,000,000 | MT |
| FY2021 | +$40,087,061,000 | MT |
| FY2020 | +$33,130,342,000 | MT |
| FY2019 | +$48,026,142,000 | MT |
| FY2018 | +$50,965,721,000 | MT |
| FY2017 | +$48,426,607,000 | MT |
| FY2016 | +$40,582,878,000 | MT |
| FY2015 | +$47,138,724,000 | MT |
MT has reported the higher revenue in every one of these 11 fiscal years. The gap has narrowed since the earliest year compared.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −1.0 pp | NUE |
| FY2024 | −5.3 pp | NUE |
| FY2023 | −12.7 pp | NUE |
| FY2022 | −7.5 pp | NUE |
| FY2021 | +0.8 pp | MT |
| FY2020 | −5.2 pp | NUE |
| FY2019 | −9.5 pp | NUE |
| FY2018 | −2.9 pp | NUE |
| FY2017 | −0.2 pp | NUE |
| FY2016 | −2.5 pp | NUE |
| FY2015 | −14.4 pp | NUE |
The higher net margin has changed hands between MT and NUE over this period.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MT's net margin has been more volatile than NUE's over the 11 comparable fiscal years — 8.2 percentage points of standard deviation against 5.8.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MT and NUE over these 11 fiscal years — MT led in 1 and NUE in 10.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NUE's return on equity has been more volatile than MT's over the 11 comparable fiscal years — 16.3 percentage points of standard deviation against 13.7.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
NUE led in return on equity in every one of the 11 comparable fiscal years — a structural lead, not a recent swing.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.