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Stock Comparison · Industry comparison · Steel

ArcelorMittal vs Voestalpine: Which Stock Looks Stronger in 2026?

ArcelorMittal leads structurally, with profitability as the clearest single gap between the two profiles. Voestalpine still has the edge on growth, which keeps the comparison from looking entirely one-sided. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-06-14

Profitability still does most of the heavy lifting in this comparison. ArcelorMittal S.A. leads by 9 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Steel

This comparison is based on industry proximity, not on functional trajectory similarity. MT.AS and VOE.VI share the same industry classification.

For a similarity-based comparison, see how ArcelorMittal and Voestalpine each position within their functional peer groups in AssetNext.

Peer-Relative Score
MT.AS
ArcelorMittal S.A.
55
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
VOE.VI
Voestalpine AG
46
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: MT.AS vs VOE.VI Profitability 60 23 Stability 37 32 Valuation 68 67 Growth 48 62 MT.AS VOE.VI
Gap Ranking
#1 Profitability +37
#2 Growth +14
#3 Stability +5
#4 Valuation +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for MT.AS and VOE.VI Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer MT.ASVOE.VI Relative valuation Structural strength

The setup is mixed: neither company clearly combines the stronger profile with the more supportive price setup.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
ArcelorMittal S.A. sits in the stronger part of the group on profitability, while Voestalpine AG is closer to mid-pack.
Growth
Both rank well on growth, but Voestalpine AG still sits higher.
Profitability — Dominant Gap
MT.AS
60
VOE.VI
23
Gap+37in favour of MT.AS

The clearest distance comes from a stronger profitability profile.

What keeps the gap from being one-sided

Earnings growth also leans toward VOE.VI, which keeps the score lead from reading as a full growth sweep.

What this means for the comparison

The profitability lead is clear, but pricing and growth still pull in the other direction — the result holds, but not without friction.

Explore full peer positioning in AssetNext

Break down the MT.AS vs VOE.VI comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-driven comparisons

Explore how MT.AS and VOE.VI each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.