ArcelorMittal (MT) Invested Capital (2009 - 2026)
ArcelorMittal's (MT) quarterly Invested Capital came in at $69.6 billion in Q2 2026, down 1.44% on a YoY basis from $70.6 billion in Q2 2025, and down 0.7% quarter-over-quarter from $70.1 billion in Q1 2026.
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Analysis
ArcelorMittal (MT) Invested Capital (2009 - 2026) Analysis & Trends
ArcelorMittal (MT) has reported Invested Capital for 18 consecutive years, with $69.6 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital fell 1.44% year-over-year to $69.6 billion; the trailing twelve-month figure through Jun 2026 stood at $69.6 billion (down 1.44% YoY), and the FY2025 full-year result was $35.6 billion, up 17.49% from the prior year.
- Invested Capital retreated to $69.6 billion in Q2 2026 per MT's latest filing, from $70.1 billion in the prior quarter.
- Across five years, Invested Capital topped out at $70.6 billion in Q2 2025 and bottomed at $30.3 billion in Q4 2024.
- Historically, Invested Capital has averaged $59.8 billion across 5 years, with a median of $65.8 billion in 2024.
- The sharpest annual moves came in 2022 and 2024: Invested Capital increased 21.72% in 2022, then fell 20.89% in 2024.
- Over 5 years, Invested Capital stood at $38.8 billion in 2022, then slipped by 1.27% to $38.3 billion in 2023, then dropped by 20.89% to $30.3 billion in 2024, then increased by 17.49% to $35.6 billion in 2025, then soared by 95.4% to $69.6 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $69.6 billion, $70.1 billion, and $35.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 186.21 Bn | 152.34 Bn | - | 71.30 Bn |
| 2 | Southern Copper | 170.20 Bn | 149.06 Bn | 2.90 Bn | 20.70 Bn |
| 3 | Newmont | 127.93 Bn | 96.10 Bn | 4.03 Bn | 40.50 Bn |
| 4 | Ternium | 111.02 Bn | 76.07 Bn | 941.02 Mn | 24.55 Bn |
| 5 | Freeport-Mcmoran | 103.81 Bn | 99.96 Bn | 2.19 Bn | 41.61 Bn |
| 6 | Agnico Eagle Mines | 97.22 Bn | 97.22 Bn | 2.43 Bn | 28.80 Bn |
| 7 | Barrick Mining | 71.84 Bn | 56.58 Bn | 2.90 Bn | 36.87 Bn |
| 8 | Nucor | 56.10 Bn | 46.64 Bn | 2.03 Bn | 30.37 Bn |
| 9 | ArcelorMittal | 53.80 Bn | 34.82 Bn | - | 80.28 Bn |
| 10 | AngloGold Ashanti | 50.01 Bn | 39.68 Bn | 1.70 Bn | 12.32 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 80.28 Bn |
| Mar 31, 2026 | 70.89 Bn |
| Dec 31, 2025 | 69.95 Bn |
| Sep 30, 2025 | 71.55 Bn |
| Jun 30, 2025 | 70.20 Bn |
| Mar 31, 2025 | 65.35 Bn |
| Dec 31, 2024 | 66.42 Bn |
| Sep 30, 2024 | 66.62 Bn |
| Jun 30, 2024 | 65.43 Bn |
| Mar 31, 2024 | 65.88 Bn |
| Dec 31, 2023 | 62.94 Bn |
| Sep 30, 2023 | 68.08 Bn |
| Jun 30, 2023 | 68.37 Bn |
| Mar 31, 2023 | 67.60 Bn |
| Dec 31, 2022 | 75.77 Bn |
| Sep 30, 2022 | 62.91 Bn |
| Jun 30, 2022 | 65.23 Bn |
| Mar 31, 2022 | 64.92 Bn |
| Dec 31, 2021 | 58.64 Bn |
| Sep 30, 2021 | 57.57 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();