ArcelorMittal vs NUCOR CORPORATION, two Steel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
ArcelorMittal and Nucor are two of the world's major steelmakers, but the market values them like different assets: ArcelorMittal, the global integrated giant, trades below book at 0.81 on a 14.5 P/E; Nucor, the US mini-mill leader, at 2.44 times book on a 23.8 P/E. Nucor earns the higher return, 10.34% on equity against 5.74%, its electric-arc efficiency beating ArcelorMittal's blast-furnace scale. But ArcelorMittal yields a huge 10.52% in free cash against Nucor's 0.97% and sells for a third of Nucor's asset multiple. The pair is global deep value against domestic quality: ArcelorMittal is cheap, cash-rich, and cyclical, Nucor pricier for its best-in-class operations, and the choice is discount against dependability.
Comparison updated 2026-07-11.
| Metric | MT | NUE |
|---|---|---|
| Price | $59.90 | $239.59 |
| Market cap | $45.7B | $54.9B |
| Sector | Steel | Steel |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | +10.0% | +20.7% |
| P/E | 14.5 | 23.8 |
| P/B | 0.81 | 2.44 |
| P/S | 0.74 | 1.61 |
| EV/EBITDA | 6.1 | 42.5 |
| Revenue growth | -5.1% | +12.3% |
| Gross margin | 7.1% | — |
| Operating margin | 5.9% | — |
| Net margin | 5.3% | 6.8% |
| Return on equity | 5.7% | 10.3% |
| Return on assets | 3.3% | 6.5% |
| Return on invested capital | 5.8% | — |
| FCF yield | 10.5% | 1.0% |
| Dividend yield | — | 0.9% |
| Debt / equity | 0.00 | 0.01 |
| Current ratio | 1.36 | 2.90 |
| Altman Z (solvency) | 2.23 | 5.01 |
| Piotroski F (quality) | 6 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.