Air Liquide vs ArcelorMittal (AI.PA vs MTS)
Air Liquide (AI.PA) vs ArcelorMittal (MTS) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Air Liquide (AI.PA) and ArcelorMittal (MTS) compete in materials and chemicals. Here are Air Liquide and ArcelorMittal side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Air Liquide or ArcelorMittal.
Air Liquide vs ArcelorMittal: the figures
| Figure | Air Liquide | ArcelorMittal |
|---|---|---|
| Share price | €187.36 (November 4, 2026) | €55.04 (November 4, 2026) |
| Market cap | €119.6 billion | €41.4 billion |
| P/E (TTM) | 33.8x | 27.1x |
| Forward P/E | 26.0x | 9.9x |
| Revenue growth (quarter) | +0.8% | +5.2% |
| Net margin (TTM) | 13.1% | 2.9% |
| Net debt / EBITDA | 2.0x | 1.8x |
| Dividend yield | 1.84% | 0.99% |
| Beta | 0.62 | 1.70 |
Air Liquide and ArcelorMittal figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Air Liquide or ArcelorMittal figure is not available, and we never estimate it.
3 key differences between Air Liquide and ArcelorMittal
- Volatility: ArcelorMittal stock moves more (beta 1.70) than Air Liquide (beta 0.62); the higher the beta, the more it amplifies market swings.
- Profitability: for every 100 of sales, Air Liquide keeps 13.1 as net profit and ArcelorMittal keeps 2.9.
- Valuation: Air Liquide trades at 33.8x its annual earnings and ArcelorMittal at 27.1x; the market pays more for each dollar of Air Liquide profit, usually because it expects more growth.
Air Liquide or ArcelorMittal: which fits your profile
- If you want growth: ArcelorMittal is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): Air Liquide pays the higher dividend relative to its price.
- If you prefer caution: ArcelorMittal has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: ArcelorMittal trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Air Liquide nor ArcelorMittal wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Air Liquide and ArcelorMittal make money
Air Liquide (AI.PA)
Air Liquide produces and sells industrial and medical gases such as oxygen, nitrogen and hydrogen. Its core Gas & Services segment spans Large Industries (refineries, chemicals, steel), Industrial Merchant (workshops and small businesses), Healthcare (hospitals and home patients) and Electronics (chipmakers). It typically signs long-term supply contracts. Full Air Liquide analysis.
ArcelorMittal (MTS)
ArcelorMittal makes and sells flat and long steel to automakers, builders, appliance makers and industry in general. It reports by region: Europe, its largest segment, North America, Brazil, India and joint ventures, Sustainable Solutions, and Mining, which extracts iron ore for its own mills and for outside buyers. Full ArcelorMittal analysis.
Frequently asked questions: Air Liquide vs ArcelorMittal
Is Air Liquide or ArcelorMittal the better stock?
Choosing between Air Liquide and ArcelorMittal depends on what you are looking for. ArcelorMittal is growing faster right now, and ArcelorMittal trades on the lower P/E. Fintols does not tell you whether to buy Air Liquide or ArcelorMittal: it shows you the differences so you can decide.
Which pays a higher dividend, Air Liquide or ArcelorMittal?
As of November 4, 2026, Air Liquide yields 1.84% and ArcelorMittal yields 0.99%. Also check how much of their profit Air Liquide and ArcelorMittal pay out: if it is more than they earn, it cannot last.
Which is more expensive, Air Liquide or ArcelorMittal?
On P/E, Air Liquide (33.8x) is more expensive than ArcelorMittal (27.1x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Air Liquide and ArcelorMittal?
Yes. Many people spread their money across several companies, such as Air Liquide and ArcelorMittal, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Air Liquide or ArcelorMittal.
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- BASF vs ArcelorMittal
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More companies like Air Liquide and ArcelorMittal: materials and chemicals stocks. Educational content about Air Liquide and ArcelorMittal, not investment advice.