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ArcelorMittal vs Nucor: revenue, profit, margins and growth compared

ArcelorMittal brought in $61.4B of revenue in fiscal 2025, Nucor $32.5B in fiscal 2025. Revenue changed by -1.7% at ArcelorMittal and +5.7% at Nucor on the year before, so Nucor grew faster. ArcelorMittal kept 5.1% of its revenue as net profit, Nucor 5.4%.

Side by side, latest fiscal year

MTNUE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$61.4B$32.5B
Revenue growth-1.7%+5.7%
Net income$3.2B$1.7B
Net margin5.1%5.4%
Free cash flown/a-$188M
Free cash flow marginn/a-0.6%
Earnings per share (diluted)$4.11$7.52
Cash$5.4B$2.3B
Debt$13.4B$66M
Price to earningsn/a32.9
Market value$53.8B$56.1B
Dividend yieldn/a0.89%
Rank by revenue in sector#9 of 451 · Industrials#20 of 451 · Industrials

Over the years

Revenue
MT FY2018: $76BMT FY2019: $70.6BMT FY2020: $53.3BMT FY2021: $76.6BMT FY2022: $79.8BMT FY2023: $68.3BMT FY2024: $62.4BMT FY2025: $61.4BNUE FY2018: $25.1BNUE FY2019: $22.6BNUE FY2020: $20.1BNUE FY2021: $36.5BNUE FY2022: $41.5BNUE FY2023: $34.7BNUE FY2024: $30.7BNUE FY2025: $32.5BFY18FY19FY20FY21FY22FY23FY24FY25
MT $61.4BNUE $32.5B
Net income
MT FY2018: $5.1BMT FY2019: -$2.5BMT FY2020: -$733MMT FY2021: $15BMT FY2022: $9.3BMT FY2023: $919MMT FY2024: $1.3BMT FY2025: $3.2BNUE FY2018: $2.4BNUE FY2019: $1.3BNUE FY2020: $721.5MNUE FY2021: $6.8BNUE FY2022: $7.6BNUE FY2023: $4.5BNUE FY2024: $2BNUE FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
MT $3.2BNUE $1.7B
Net margin
MT FY2018: 6.8%MT FY2019: -3.5%MT FY2020: -1.4%MT FY2021: 19.5%MT FY2022: 11.7%MT FY2023: 1.3%MT FY2024: 2.1%MT FY2025: 5.1%NUE FY2018: 9.4%NUE FY2019: 5.6%NUE FY2020: 3.6%NUE FY2021: 18.7%NUE FY2022: 18.3%NUE FY2023: 13.0%NUE FY2024: 6.6%NUE FY2025: 5.4%FY18FY19FY20FY21FY22FY23FY24FY25
MT 5.1%NUE 5.4%
Revenue growth
MT FY2019: -7.1%MT FY2020: -24.6%MT FY2021: +43.7%MT FY2022: +4.3%MT FY2023: -14.5%MT FY2024: -8.5%MT FY2025: -1.7%NUE FY2019: -9.9%NUE FY2020: -10.8%NUE FY2021: +81.2%NUE FY2022: +13.8%NUE FY2023: -16.4%NUE FY2024: -11.5%NUE FY2025: +5.7%FY19FY20FY21FY22FY23FY24FY25
MT -1.7%NUE +5.7%
Free cash flow
NUE FY2018: $1.4BNUE FY2019: $1.3BNUE FY2020: $1.2BNUE FY2021: $4.6BNUE FY2022: $8.1BNUE FY2023: $4.9BNUE FY2024: $806MNUE FY2025: -$188MFY18FY19FY20FY21FY22FY23FY24FY25
MTNUE -$188M

Fiscal years as each company reports them; the two may end in different months.

Questions about ArcelorMittal and Nucor

Which is bigger by revenue, ArcelorMittal or Nucor?

ArcelorMittal is bigger by revenue: $61.4B in fiscal 2025, against $32.5B for Nucor in fiscal 2025.

Which keeps more of its revenue as profit, ArcelorMittal or Nucor?

ArcelorMittal had a net margin of 5.1% in fiscal 2025; Nucor had 5.4% in fiscal 2025.

Which grew revenue faster, ArcelorMittal or Nucor?

In their latest fiscal years revenue changed by -1.7% at ArcelorMittal and +5.7% at Nucor.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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