MT vs STLD
ArcelorMittal and Steel Dynamics Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MT | STLD |
|---|---|---|
| Revenue | $61.4B | $18.2B |
| Net income | $3.2B | $1.2B |
| Gross margin | 7.1% | 13.2% |
| Net margin | 5.3% | 6.5% |
| Return on equity | 6.1% | 13.3% |
| Diluted EPS | $4.11 | $7.99 |
| Dividend / share | · | $2.00 |
| Payout ratio | 17.2% | 24.6% |
| Free cash flow | · | $501.5M |
| Equity | $54.5B | $9.0B |
| Net debt / equity | 0.15× | 0.38× |
| Current ratio | 1.36× | 3.06× |
| Revenue CAGR 5y | 2.9% | 13.6% |
| Profit CAGR 5y | · | · |
MT bills 3.4× the revenue of STLD, and STLD keeps more of each dollar of revenue as profit (6.5% 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 | STLD |
|---|---|---|
| FY2025 | $61.4B | $18.2B |
| FY2024 | $62.4B | $17.5B |
| FY2023 | $68.3B | $18.8B |
| FY2022 | $79.8B | $22.3B |
| FY2021 | $76.6B | $18.4B |
| FY2020 | $53.3B | $9.6B |
| FY2019 | $70.6B | $10.5B |
| FY2018 | $76.0B | $11.8B |
| FY2017 | $68.7B | $9.5B |
| FY2016 | $56.8B | $7.8B |
Bottom line
| Fiscal year | MT | STLD |
|---|---|---|
| FY2025 | $3.2B | $1.2B |
| FY2024 | $1.3B | $1.5B |
| FY2023 | $919.0M | $2.5B |
| FY2022 | $9.3B | $3.9B |
| FY2021 | $15.0B | $3.2B |
| FY2020 | $-733.0M | $570.8M |
| FY2019 | $-2.5B | $677.9M |
| FY2018 | $5.1B | $1.3B |
| FY2017 | $4.6B | $805.8M |
| FY2016 | $1.8B | $360.0M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$43,175,419,000 | MT |
| FY2024 | +$44,900,610,000 | MT |
| FY2023 | +$49,479,684,000 | MT |
| FY2022 | +$57,583,226,000 | MT |
| FY2021 | +$58,162,150,000 | MT |
| FY2020 | +$43,668,518,000 | MT |
| FY2019 | +$60,150,009,000 | MT |
| FY2018 | +$64,211,161,000 | MT |
| FY2017 | +$59,140,203,000 | MT |
| FY2016 | +$49,013,891,000 | MT |
| FY2015 | +$55,983,589,000 | 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 | −1.2 pp | STLD |
| FY2024 | −6.6 pp | STLD |
| FY2023 | −11.6 pp | STLD |
| FY2022 | −5.5 pp | STLD |
| FY2021 | +2.7 pp | MT |
| FY2020 | −7.0 pp | STLD |
| FY2019 | −9.9 pp | STLD |
| FY2018 | −3.6 pp | STLD |
| FY2017 | −1.8 pp | STLD |
| FY2016 | −1.6 pp | STLD |
| FY2015 | −11.3 pp | STLD |
The higher net margin has changed hands between MT and STLD 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 STLD's over the 11 comparable fiscal years — 8.2 percentage points of standard deviation against 5.4.
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 STLD over these 11 fiscal years — MT led in 1 and STLD in 10.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
STLD's return on equity has been more volatile than MT's over the 5 comparable fiscal years — 19.0 percentage points of standard deviation against 12.3.
5 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
STLD led in return on equity in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 15 comparable fiscal years — a year missing data on either side is not counted.