ArcelorMittal SA (MTS) — Capital Reinvestment Ratio
ArcelorMittal SA (MTS) has a Capital Reinvestment Ratio of 0.45x as of December 2025, meaning it reinvests 0% of its operating cash flow (€3.19 Billion) in capital expenditures (€1.42 Billion). Check MTS tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
ArcelorMittal SA Capital Reinvestment Ratio (1997–2025)
This chart tracks ArcelorMittal SA's Capital Reinvestment Ratio across 29 annual periods. For the full cash flow conversion analysis, see ArcelorMittal SA cash flow conversion.
Annual Capital Reinvestment Ratio for ArcelorMittal SA (1997–2025)
Year-by-year Capital Reinvestment Ratio for ArcelorMittal SA from 1997 to 2025. See cash generation quality of ArcelorMittal SA to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.90x | €5.00 Billion | €4.51 Billion | ▼ -0.6% |
| 2024 | 0.91x | €4.85 Billion | €4.41 Billion | ▲ +50.5% |
| 2023 | 0.60x | €7.64 Billion | €4.61 Billion | ▲ +77.5% |
| 2022 | 0.34x | €10.20 Billion | €3.47 Billion | ▲ +11.9% |
| 2021 | 0.30x | €9.90 Billion | €3.01 Billion | ▼ -49.2% |
| 2020 | 0.60x | €4.08 Billion | €2.44 Billion | ▲ +0.6% |
| 2019 | 0.59x | €6.02 Billion | €3.57 Billion | ▼ -24.6% |
| 2018 | 0.79x | €4.20 Billion | €3.31 Billion | ▲ +27.5% |
| 2017 | 0.62x | €4.56 Billion | €2.82 Billion | ▼ -31.5% |
| 2016 | 0.90x | €2.71 Billion | €2.44 Billion | ▼ -28.3% |
| 2015 | 1.26x | €2.15 Billion | €2.71 Billion | ▲ +32.9% |
| 2014 | 0.95x | €3.87 Billion | €3.67 Billion | ▲ +17.9% |
| 2013 | 0.80x | €4.30 Billion | €3.45 Billion | ▼ -9.2% |
| 2012 | 0.88x | €5.29 Billion | €4.68 Billion | ▼ -67.5% |
| 2011 | 2.72x | €1.78 Billion | €4.84 Billion | ▲ +230.4% |
| 2010 | 0.82x | €4.01 Billion | €3.31 Billion | ▲ +114.8% |
| 2009 | 0.38x | €7.28 Billion | €2.79 Billion | ▲ +1.6% |
| 2008 | 0.38x | €14.65 Billion | €5.53 Billion | ▲ +14.5% |
| 2007 | 0.33x | €16.53 Billion | €5.45 Billion | ▼ -20.0% |
| 2006 | 0.41x | €7.12 Billion | €2.94 Billion | ▲ +38.7% |
| 2005 | 0.30x | €3.97 Billion | €1.18 Billion | ▲ +52.6% |
| 2004 | 0.19x | €4.61 Billion | €898.00 Million | ▼ -77.6% |
| 2003 | 0.87x | €189.00 Million | €164.00 Million | ▲ +35.0% |
| 2002 | 0.64x | €168.00 Million | €108.00 Million | ▼ -73.5% |
| 2001 | 2.43x | €40.00 Million | €97.00 Million | ▲ +402.1% |
| 2000 | 0.48x | €381.00 Million | €184.00 Million | ▲ +35.2% |
| 1999 | 0.36x | €599.00 Million | €214.00 Million | ▼ -93.9% |
| 1998 | 5.83x | €253.00 Million | €1.47 Billion | ▲ +423.9% |
| 1997 | 1.11x | €259.00 Million | €288.00 Million | — |