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

ArcelorMittal brought in $61.4B of revenue in fiscal 2025, Ternium $15.6B in fiscal 2025. Revenue changed by -1.7% at ArcelorMittal and -11.6% at Ternium on the year before, so ArcelorMittal grew faster. ArcelorMittal kept 5.1% of its revenue as net profit, Ternium 2.7%.

Side by side, latest fiscal year

MTTX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$61.4B$15.6B
Revenue growth-1.7%-11.6%
Net income$3.2B$425.2M
Net margin5.1%2.7%
Free cash flown/a-$345.5M
Free cash flow marginn/a-2.2%
Earnings per share (diluted)$4.11$0.22
Cash$5.4B$1.5B
Debt$13.4B$2.4B
Price to earningsn/an/a
Market value$53.8B$10.9B
Dividend yieldn/an/a
Rank by revenue in sector#9 of 451 · Industrials#41 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: $61.4BTX FY2018: $11.5BTX FY2019: $10.2BTX FY2020: $8.7BTX FY2021: $16.1BTX FY2022: $16.4BTX FY2023: $17.6BTX FY2024: $17.6BTX FY2025: $15.6BFY18FY19FY20FY21FY22FY23FY24FY25
MT $61.4BTX $15.6B
Net income
MT FY2018: $5.1BMT FY2019: -$2.5BMT FY2020: -$733MMT FY2021: $15BMT FY2022: $9.3BMT FY2023: $919MMT FY2024: $1.3BMT FY2025: $3.2BTX FY2018: $1.5BTX FY2019: $564.3MTX FY2020: $778.5MTX FY2021: $3.8BTX FY2022: $1.8BTX FY2023: $676MTX FY2024: -$53.7MTX FY2025: $425.2MFY18FY19FY20FY21FY22FY23FY24FY25
MT $3.2BTX $425.2M
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%TX FY2018: 13.2%TX FY2019: 5.5%TX FY2020: 8.9%TX FY2021: 23.8%TX FY2022: 10.8%TX FY2023: 3.8%TX FY2024: -0.3%TX FY2025: 2.7%FY18FY19FY20FY21FY22FY23FY24FY25
MT 5.1%TX 2.7%
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%TX FY2019: -11.0%TX FY2020: -14.3%TX FY2021: +84.2%TX FY2022: +2.0%TX FY2023: +7.3%TX FY2024: +0.2%TX FY2025: -11.6%FY19FY20FY21FY22FY23FY24FY25
MT -1.7%TX -11.6%
Free cash flow
TX FY2018: $1.2BTX FY2019: $595.4MTX FY2020: $1.2BTX FY2021: $2.2BTX FY2022: $2.2BTX FY2023: $1.3BTX FY2024: $85MTX FY2025: -$345.5MFY18FY19FY20FY21FY22FY23FY24FY25
MTTX -$345.5M

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

Questions about ArcelorMittal and Ternium

Which is bigger by revenue, ArcelorMittal or Ternium?

ArcelorMittal is bigger by revenue: $61.4B in fiscal 2025, against $15.6B for Ternium in fiscal 2025.

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

ArcelorMittal had a net margin of 5.1% in fiscal 2025; Ternium had 2.7% in fiscal 2025.

Which grew revenue faster, ArcelorMittal or Ternium?

In their latest fiscal years revenue changed by -1.7% at ArcelorMittal and -11.6% at Ternium.

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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