ArcelorMittal (MT) Change in Working Capital (2015 - 2026)
ArcelorMittal (MT) posted quarterly Change in Working Capital of -$457.0 million for Q2 2026, down 306.79% year-over-year from $221.0 million in Q2 2025, and up 70.01% on a QoQ basis from -$1.5 billion in Q1 2026.
ArcelorMittal (MT) Change in Working Capital (2015 - 2026) Analysis & Trends
ArcelorMittal has reported Change in Working Capital for 12 years, with the latest figure at -$457.0 million in Q2 2026.
- Change in Working Capital for Q2 2026 came in at -$457.0 million, down 306.79% year-over-year; the trailing twelve-month figure through Jun 2026 was -$15.0 million (down 106.1% YoY), and the FY2025 annual result was $475.0 million, up 365.69% from the prior year.
- Change in Working Capital improved to -$457.0 million in Q2 2026, from -$1.5 billion in the prior quarter.
- Over five years, Change in Working Capital peaked at $2.5 billion in Q4 2023 and troughed at -$2.0 billion in Q1 2022.
- A 5-year average of -$56.8 million and a median of -$343.0 million in 2023 frame the typical range for Change in Working Capital.
- The widest annual swing landed in 2022, when Change in Working Capital jumped 10863.64%; it then sank 415.91% in 2025.
- A 5-year view of Change in Working Capital shows it stood at $2.4 billion in 2022, then advanced by 2.4% to $2.5 billion in 2023, then slumped by 35.02% to $1.6 billion in 2024, then jumped by 48.47% to $2.4 billion in 2025, then slumped by 119.18% to -$457.0 million in 2026.
- Per Business Quant data, the three most recent Change in Working Capital figures were -$457.0 million in Q2 2026, -$1.5 billion in Q1 2026, and $2.4 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 108.84 Bn | 98.95 Bn | 941.02 Mn | - |
| 2 | Nucor | 55.75 Bn | 53.05 Bn | 2.03 Bn | - |
| 3 | ArcelorMittal | 54.97 Bn | 50.12 Bn | - | - |
| 4 | Steel Dynamics | 32.99 Bn | 32.40 Bn | 958.97 Mn | - |
| 5 | Reliance | 19.82 Bn | 19.59 Bn | 1.30 Bn | - |
| 6 | Cleveland-Cliffs | 6.46 Bn | 6.39 Bn | 132.00 Mn | - |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | - |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.53 Bn | 2.97 Bn | - | - |
| 9 | Posco Holdings | 4.32 Bn | 1.83 Bn | 1.04 Bn | - |
| 10 | Worthington Steel | 1.74 Bn | 1.66 Bn | 118.80 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -457.00 Mn |
| Jun 30, 2026 | -457.00 Mn |
| Mar 31, 2026 | -1.52 Bn |
| Mar 31, 2026 | -1.52 Bn |
| Dec 31, 2025 | 2.38 Bn |
| Dec 31, 2025 | 2.38 Bn |
| Sep 30, 2025 | -417.00 Mn |
| Sep 30, 2025 | -417.00 Mn |
| Jun 30, 2025 | 221.00 Mn |
| Jun 30, 2025 | 221.00 Mn |
| Mar 31, 2025 | -1.71 Bn |
| Mar 31, 2025 | -1.71 Bn |
| Dec 31, 2024 | 1.61 Bn |
| Dec 31, 2024 | 1.61 Bn |
| Sep 30, 2024 | 132.00 Mn |
| Sep 30, 2024 | 132.00 Mn |
| Jun 30, 2024 | 84.00 Mn |
| Jun 30, 2024 | 84.00 Mn |
| Mar 31, 2024 | -1.72 Bn |
| Mar 31, 2024 | -1.72 Bn |