ArcelorMittal (MT) Invested Capital (2009 - 2026)
ArcelorMittal (MT) reported Invested Capital of $80.28 billion for Q2 2026, up 14.4% from $70.2 billion a year earlier and up 13.2% from the prior quarter.
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Analysis
ArcelorMittal (MT) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, ArcelorMittal posted Invested Capital of $69.95 billion, up 5.3% from FY2024.
- Invested Capital has a five-year compound annual growth rate of 2.6% (FY2020 to FY2025).
- By year, Invested Capital came in at $66.42 billion in FY2024 (+5.5%), $62.94 billion in FY2023 (-16.9%), $75.77 billion in FY2022 (+29.2%) and $58.64 billion in FY2021 (-4.9%).
- The Q2 2026 figure ranks as the highest quarterly Invested Capital since Q3 2012.
- Year over year, Invested Capital has now increased in each of the last five quarters, with growth averaging 5.7% over the last eight quarters.
- The high point for year-over-year Invested Capital in five years was Q4 2022 (growth of 29.2%); the low point was Q4 2023 (a decline of 16.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $70.89 billion (Q1 2026), $69.95 billion (Q4 2025) and $71.55 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | 93.52 Bn |
| 2 | Southern Copper | 167.53 Bn | 146.32 Bn | 2.90 Bn | 20.70 Bn |
| 3 | Rio Tinto | 145.19 Bn | 105.69 Bn | - | 89.20 Bn |
| 4 | Newmont | 125.76 Bn | 93.76 Bn | 4.03 Bn | 40.50 Bn |
| 5 | Freeport-Mcmoran | 100.06 Bn | 84.10 Bn | 2.19 Bn | 41.61 Bn |
| 6 | Agnico Eagle Mines | 94.12 Bn | 83.75 Bn | 2.43 Bn | 28.80 Bn |
| 7 | Barrick Mining | 69.05 Bn | 44.25 Bn | 2.90 Bn | 31.99 Bn |
| 8 | Nucor | 59.59 Bn | 48.98 Bn | 2.03 Bn | 30.37 Bn |
| 9 | ArcelorMittal | 47.82 Bn | 26.84 Bn | - | 71.13 Bn |
| 10 | AngloGold Ashanti | 46.49 Bn | 34.38 Bn | 1.70 Bn | 10.53 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 71.13 Bn |
| Mar 31, 2026 | 82.56 Bn |
| Dec 31, 2025 | 82.90 Bn |
| Sep 30, 2025 | 69.47 Bn |
| Jun 30, 2025 | 69.86 Bn |
| Mar 31, 2025 | 75.30 Bn |
| Dec 31, 2024 | 62.15 Bn |
| Sep 30, 2024 | 75.83 Bn |
| Jun 30, 2024 | 75.87 Bn |
| Mar 31, 2024 | 63.81 Bn |
| Dec 31, 2023 | 76.80 Bn |
| Sep 30, 2023 | 65.95 Bn |
| Jun 30, 2023 | 67.63 Bn |
| Mar 31, 2023 | 65.45 Bn |
| Dec 31, 2022 | 66.11 Bn |
| Sep 30, 2022 | 60.56 Bn |
| Jun 30, 2022 | 64.31 Bn |
| Mar 31, 2022 | 71.24 Bn |
| Dec 31, 2021 | 67.41 Bn |
| Sep 30, 2021 | 55.37 Bn |
API Access
ArcelorMittal Invested 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=invested-capital&ticker=MT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-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=invested-capital&ticker=MT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();