ArcelorMittal (MT) Change in Working Capital (2009 - 2026)
ArcelorMittal's (MT) quarterly Change in Working Capital came in at -$1.5 billion in Q1 2026, up 10.98% on a YoY basis from -$1.4 billion in Q1 2025, and down 163.95% quarter-over-quarter from $2.4 billion in Q4 2025.
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ArcelorMittal (MT) Change in Working Capital (2009 - 2026) Analysis & Trends
ArcelorMittal (MT) has reported Change in Working Capital for 8 consecutive years, with -$1.5 billion the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Change in Working Capital rose 10.98% year-over-year to -$1.5 billion; the trailing twelve-month figure through Mar 2026 stood at $663.0 million (up 120.62% YoY), and the FY2022 full-year result was -$2334.0, down 970.64% from the prior year.
- Change in Working Capital slipped to -$1.5 billion in Q1 2026 per MT's latest filing, from $2.4 billion in the prior quarter.
- Across five years, Change in Working Capital topped out at $3.6 billion in Q4 2022 and bottomed at -$1.7 billion in Q1 2024.
- Historically, Change in Working Capital has averaged $73.3 million across 5 years, with a median of -$269.0 million in 2023.
- The widest YoY moves for Change in Working Capital: up 163.1% in 2025, down 415.91% in 2025.
- Over 5 years, Change in Working Capital stood at $3.6 billion in 2022, then slumped by 32.05% to $2.5 billion in 2023, then tumbled by 94.66% to $132.0 million in 2024, then jumped by 1705.3% to $2.4 billion in 2025, then plunged by 163.95% to -$1.5 billion in 2026.
- According to Business Quant data, Change in Working Capital over the past three periods registered -$1.5 billion, $2.4 billion, and -$417.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 186.21 Bn | 152.34 Bn | - | - |
| 2 | Southern Copper | 170.20 Bn | 149.06 Bn | 2.90 Bn | - |
| 3 | Newmont | 127.93 Bn | 96.10 Bn | 4.03 Bn | - |
| 4 | Ternium | 111.02 Bn | 76.07 Bn | 941.02 Mn | -418.00 Mn |
| 5 | Freeport-Mcmoran | 103.81 Bn | 99.96 Bn | 2.19 Bn | - |
| 6 | Agnico Eagle Mines | 97.22 Bn | 97.22 Bn | 2.43 Bn | 1.30 Bn |
| 7 | Barrick Mining | 71.84 Bn | 56.58 Bn | 2.90 Bn | -379.00 Mn |
| 8 | Nucor | 56.10 Bn | 46.64 Bn | 2.03 Bn | - |
| 9 | ArcelorMittal | 53.80 Bn | 34.82 Bn | - | -457.00 Mn |
| 10 | AngloGold Ashanti | 50.01 Bn | 39.68 Bn | 1.70 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -457.00 Mn |
| Mar 31, 2026 | -1.52 Bn |
| Dec 31, 2025 | 2.38 Bn |
| Sep 30, 2025 | -417.00 Mn |
| Jun 30, 2025 | 221.00 Mn |
| Mar 31, 2025 | -1.71 Bn |
| Dec 31, 2024 | 1.61 Bn |
| Sep 30, 2024 | 132.00 Mn |
| Jun 30, 2024 | 84.00 Mn |
| Mar 31, 2024 | -1.72 Bn |
| Dec 31, 2023 | 2.47 Bn |
| Sep 30, 2023 | -269.00 Mn |
| Jun 30, 2023 | 178.00 Mn |
| Mar 31, 2023 | -775.00 Mn |
| Dec 31, 2022 | 2.41 Bn |
| Sep 30, 2022 | -580.00 Mn |
| Jun 30, 2022 | -1.01 Bn |
| Mar 31, 2022 | -2.05 Bn |
| Dec 31, 2021 | 22.00 Mn |
| Sep 30, 2021 | -2.90 Bn |
API Access
ArcelorMittal Change in Working Capital 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-working-capital&ticker=MT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-working-capital", "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-working-capital&ticker=MT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();