ArcelorMittal (MT) Change in Inventory (2018 - 2026)
ArcelorMittal's (MT) quarterly Change in Inventory came in at -$334.0 million in Q1 2026, down 333.57% on a YoY basis from $143.0 million in Q1 2025, and down 169.58% quarter-over-quarter from $480.0 million in Q4 2025.
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ArcelorMittal (MT) Change in Inventory (2018 - 2026) Analysis & Trends
ArcelorMittal (MT) has reported Change in Inventory for 9 consecutive years, with -$334.0 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Change in Inventory fell 333.57% year-over-year to -$334.0 million; the trailing twelve-month figure through Mar 2026 stood at $343.0 million (down 40.66% YoY), and the FY2025 full-year result was $820.0 million, up 244.54% from the prior year.
- Change in Inventory retreated to -$334.0 million in Q1 2026 per MT's latest filing, from $480.0 million in the prior quarter.
- Across five years, Change in Inventory topped out at $1.7 billion in Q4 2022 and bottomed at -$2.5 billion in Q2 2022.
- Historically, Change in Inventory has averaged $150.1 million across 5 years, with a median of $166.0 million in 2025.
- The sharpest annual moves came in 2025 and 2026: Change in Inventory jumped 172.96% in 2025, then slumped 333.57% in 2026.
- Over 5 years, Change in Inventory stood at $1.7 billion in 2022, then sank by 80.1% to $333.0 million in 2023, then soared by 90.09% to $633.0 million in 2024, then slipped by 24.17% to $480.0 million in 2025, then tumbled by 169.58% to -$334.0 million in 2026.
- According to Business Quant data, Change in Inventory over the past three periods registered -$334.0 million, $480.0 million, and $189.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 186.21 Bn | 152.34 Bn | - | - |
| 2 | Southern Copper | 170.20 Bn | 149.06 Bn | 2.90 Bn | 50.60 Mn |
| 3 | Newmont | 127.93 Bn | 96.10 Bn | 4.03 Bn | 131.00 Mn |
| 4 | Ternium | 111.02 Bn | 76.07 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 103.81 Bn | 99.96 Bn | 2.19 Bn | 372.00 Mn |
| 6 | Agnico Eagle Mines | 97.22 Bn | 97.22 Bn | 2.43 Bn | -42.49 Mn |
| 7 | Barrick Mining | 71.84 Bn | 56.58 Bn | 2.90 Bn | - |
| 8 | Nucor | 56.10 Bn | 46.64 Bn | 2.03 Bn | 377.00 Mn |
| 9 | ArcelorMittal | 53.80 Bn | 34.82 Bn | - | - |
| 10 | AngloGold Ashanti | 50.01 Bn | 39.68 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 | 633.00 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 | 1.67 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();