ArcelorMittal (MT) Change in Inventory (2018 - 2026)
ArcelorMittal (MT) recorded Change in Inventory of -$334 million in Q1 2026, compared with $143 million a year earlier.
Powered by 
Analysis
ArcelorMittal (MT) Change in Inventory (2018 - 2026) Analysis & Trends
On a TTM basis, ArcelorMittal's Change in Inventory came in at $343 million as of Mar 31, 2026, down 40.7% year-over-year; for FY2025, it was $820 million, up 244.5% from FY2024.
- Annual Change in Inventory has a five-year compound annual growth rate of -14.4% (FY2020 to FY2025).
- Across earlier years, Change in Inventory came in at $238 million in FY2024 (-84.8%), $1.57 billion in FY2023, -$2.06 billion in FY2022 and -$8.65 billion in FY2021.
- The Q1 2026 figure is the lowest quarterly Change in Inventory since Q2 2022.
- Per Business Quant, the preceding three quarters came in at $480 million (Q4 2025), $189 million (Q3 2025) and $8 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 167.30 Bn | 146.09 Bn | 2.90 Bn | 50.60 Mn |
| 3 | Rio Tinto | 143.04 Bn | 103.54 Bn | - | - |
| 4 | Newmont | 124.35 Bn | 92.35 Bn | 4.03 Bn | 131.00 Mn |
| 5 | Freeport-Mcmoran | 99.09 Bn | 83.13 Bn | 2.19 Bn | 372.00 Mn |
| 6 | Agnico Eagle Mines | 93.47 Bn | 83.11 Bn | 2.43 Bn | -42.49 Mn |
| 7 | Barrick Mining | 69.01 Bn | 44.20 Bn | 2.90 Bn | - |
| 8 | Nucor | 59.68 Bn | 49.06 Bn | 2.03 Bn | 377.00 Mn |
| 9 | ArcelorMittal | 48.25 Bn | 27.28 Bn | - | - |
| 10 | AngloGold Ashanti | 46.03 Bn | 33.92 Bn | 1.70 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -334.00 Mn |
| Dec 31, 2025 | 480.00 Mn |
| Sep 30, 2025 | 189.00 Mn |
| Jun 30, 2025 | 8.00 Mn |
| Mar 31, 2025 | 143.00 Mn |
| Dec 31, 2024 | 157.00 Mn |
| Sep 30, 2024 | -267.00 Mn |
| Jun 30, 2024 | 69.00 Mn |
| Mar 31, 2024 | -196.00 Mn |
| Dec 31, 2023 | 333.00 Mn |
| Sep 30, 2023 | 500.00 Mn |
| Jun 30, 2023 | -138.00 Mn |
| Mar 31, 2023 | 873.00 Mn |
| Dec 31, 2022 | 5.80 Bn |
| Sep 30, 2022 | 916.00 Mn |
| Jun 30, 2022 | -2.48 Bn |
| Sep 30, 2021 | -3.17 Bn |
| Mar 31, 2021 | -1.59 Bn |
| Dec 31, 2020 | -604.00 Mn |
| Sep 30, 2020 | 890.00 Mn |
API Access
ArcelorMittal Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=MT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "MT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=MT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();