ArcelorMittal SA (MTS) — Free Cash Flow Generation Index
Latest as of December 2025:
0.55x
ArcelorMittal SA (MTS) has a Free Cash Flow Generation Index of 0.55x as of December 2025. Free cash flow of €1.77 Billion represents 1% of operating cash flow (€3.19 Billion). Read MTS total liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
0.55x
Free Cash Flow / Operating CF
Free Cash Flow
€1.77 Billion
EUR
Operating Cash Flow
€3.19 Billion
EUR
Capital Expenditures
€1.42 Billion
EUR
ArcelorMittal SA Free Cash Flow Generation Index (1997–2025)
Historical FCF Generation Index trend for ArcelorMittal SA across 29 annual periods. Explore MTS capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for ArcelorMittal SA (1997–2025)
Year-by-year Free Cash Flow Generation Index for ArcelorMittal SA. For the full company profile including market capitalisation, see market value of ArcelorMittal SA.
| Year | FCG Index | Free Cash Flow (EUR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.10x | €490.20 Million | €5.00 Billion | €4.51 Billion | ▲ +6.3% |
| 2024 | 0.09x | €447.00 Million | €4.85 Billion | €4.41 Billion | ▼ -76.8% |
| 2023 | 0.40x | €3.03 Billion | €7.64 Billion | €4.61 Billion | ▼ -39.9% |
| 2022 | 0.66x | €6.74 Billion | €10.20 Billion | €3.47 Billion | ▼ -5.2% |
| 2021 | 0.70x | €6.90 Billion | €9.90 Billion | €3.01 Billion | ▲ +73.0% |
| 2020 | 0.40x | €1.64 Billion | €4.08 Billion | €2.44 Billion | ▼ -0.9% |
| 2019 | 0.41x | €2.44 Billion | €6.02 Billion | €3.57 Billion | ▲ +91.4% |
| 2018 | 0.21x | €891.00 Million | €4.20 Billion | €3.31 Billion | ▼ -44.4% |
| 2017 | 0.38x | €1.74 Billion | €4.56 Billion | €2.82 Billion | ▲ +292.0% |
| 2016 | 0.10x | €264.00 Million | €2.71 Billion | €2.44 Billion | ▲ +137.7% |
| 2015 | -0.26x | €-556.00 Million | €2.15 Billion | €2.71 Billion | ▼ -588.0% |
| 2014 | 0.05x | €205.00 Million | €3.87 Billion | €3.67 Billion | ▼ -73.0% |
| 2013 | 0.20x | €844.00 Million | €4.30 Billion | €3.45 Billion | ▲ +70.2% |
| 2012 | 0.12x | €611.00 Million | €5.29 Billion | €4.68 Billion | ▲ +106.7% |
| 2011 | -1.72x | €-3.06 Billion | €1.78 Billion | €4.84 Billion | ▼ -1078.2% |
| 2010 | 0.18x | €707.00 Million | €4.01 Billion | €3.31 Billion | ▼ -71.4% |
| 2009 | 0.62x | €4.49 Billion | €7.28 Billion | €2.79 Billion | ▼ -1.0% |
| 2008 | 0.62x | €9.12 Billion | €14.65 Billion | €5.53 Billion | ▼ -7.2% |
| 2007 | 0.67x | €11.08 Billion | €16.53 Billion | €5.45 Billion | ▲ +14.0% |
| 2006 | 0.59x | €4.19 Billion | €7.12 Billion | €2.94 Billion | ▼ -16.4% |
| 2005 | 0.70x | €2.79 Billion | €3.97 Billion | €1.18 Billion | ▼ -12.7% |
| 2004 | 0.81x | €3.71 Billion | €4.61 Billion | €898.00 Million | ▲ +508.8% |
| 2003 | 0.13x | €25.00 Million | €189.00 Million | €164.00 Million | ▼ -63.0% |
| 2002 | 0.36x | €60.00 Million | €168.00 Million | €108.00 Million | ▲ +125.1% |
| 2001 | -1.43x | €-57.00 Million | €40.00 Million | €97.00 Million | ▼ -375.6% |
| 2000 | 0.52x | €197.00 Million | €381.00 Million | €184.00 Million | ▼ -19.6% |
| 1999 | 0.64x | €385.00 Million | €599.00 Million | €214.00 Million | ▲ +113.3% |
| 1998 | -4.83x | €-1.22 Billion | €253.00 Million | €1.47 Billion | ▼ -4210.2% |
| 1997 | -0.11x | €-29.00 Million | €259.00 Million | €288.00 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).