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 | 170.99 Bn | 133.79 Bn | - | 93.52 Bn |
| 2 | Southern Copper | 146.42 Bn | 121.15 Bn | 3.10 Bn | 21.59 Bn |
| 3 | Rio Tinto | 139.98 Bn | 100.80 Bn | - | 93.52 Bn |
| 4 | Newmont | 132.34 Bn | 97.49 Bn | 4.22 Bn | 40.94 Bn |
| 5 | Agnico Eagle Mines | 100.36 Bn | 87.30 Bn | 2.15 Bn | 29.81 Bn |
| 6 | Ternium | 99.86 Bn | 68.11 Bn | 1.04 Bn | 16.65 Bn |
| 7 | Freeport-Mcmoran | 90.01 Bn | 74.05 Bn | 2.19 Bn | 41.61 Bn |
| 8 | Barrick Mining | 72.53 Bn | 47.73 Bn | 2.90 Bn | 31.99 Bn |
| 9 | Nucor | 56.81 Bn | 46.19 Bn | 2.03 Bn | 30.37 Bn |
| 10 | ArcelorMittal | 48.91 Bn | 30.47 Bn | - | 67.69 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 67.69 Bn |
| Jun 30, 2026 | 69.24 Bn |
| Mar 31, 2026 | 82.56 Bn |
| Dec 31, 2025 | 81.29 Bn |
| Sep 30, 2025 | 69.47 Bn |
| Jun 30, 2025 | 68.11 Bn |
| Mar 31, 2025 | 75.30 Bn |
| Dec 31, 2024 | 60.79 Bn |
| Sep 30, 2024 | 75.83 Bn |
| Jun 30, 2024 | 74.46 Bn |
| Mar 31, 2024 | 63.81 Bn |
| Dec 31, 2023 | 75.32 Bn |
| Sep 30, 2023 | 65.95 Bn |
| Jun 30, 2023 | 66.18 Bn |
| Mar 31, 2023 | 65.45 Bn |
| Dec 31, 2022 | 64.80 Bn |
| Sep 30, 2022 | 60.56 Bn |
| Jun 30, 2022 | 62.78 Bn |
| Mar 31, 2022 | 71.24 Bn |
| Dec 31, 2021 | 65.91 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();