ArcelorMittal (MT) Change in Working Capital (2015 - 2026)
ArcelorMittal (MT) posted Change in Working Capital of -$457 million for Q2 2026, compared with $221 million a year earlier.
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Analysis
ArcelorMittal (MT) Change in Working Capital (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Change in Working Capital at ArcelorMittal was -$15 million; for FY2025, it was $475 million, up 365.7% from FY2024.
- Annual Change in Working Capital shows a five-year compound annual growth rate of -20.5% (FY2020 to FY2025).
- In prior years, ArcelorMittal's Change in Working Capital was $102 million in FY2024 (-93.6%), $1.6 billion in FY2023, -$1.22 billion in FY2022 and -$6.41 billion in FY2021.
- Quarterly Change in Working Capital has run from a low of -$2.05 billion in Q1 2022 to a high of $2.47 billion in Q4 2023 over five years.
- According to Business Quant data, Change in Working Capital for the three prior quarters was -$1.52 billion (Q1 2026), $2.38 billion (Q4 2025) and -$417 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | - |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | - |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | - |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | -148.00 Mn |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | - |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | - |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | -100.00 Mn |
| 10 | ArcelorMittal | 49.98 Bn | 33.48 Bn | - | -492.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -492.00 Mn |
| 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 |
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();