Cleveland-Cliffs (CLF) Asset Utilization Ratio (2009 - 2026)
Cleveland-Cliffs (CLF) posted quarterly Asset Utilization Ratio of 0.95 for Q2 2026, up 6.78% year-over-year from 0.89 in Q2 2025, and up 1.28% quarter-over-quarter from 0.94 in Q1 2026.
Cleveland-Cliffs (CLF) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has reported Asset Utilization Ratio for 18 consecutive years, with 0.95 the latest figure, recorded in Q2 2026.
- In Q2 2026, Asset Utilization Ratio rose 6.78% year-over-year to 0.95; the TTM figure through Jun 2026 stood at 0.95 (up 6.78% YoY), while the FY2025 annual figure was 0.91, down 8.86% from the prior year.
- Asset Utilization Ratio improved to 0.95 in Q2 2026 per CLF's latest filing, from 0.94 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 1.26 in Q1 2024 and bottomed at 0.89 in Q1 2022.
- Historically, Asset Utilization Ratio has averaged 1.05 across 5 years, with a median of 0.99 in 2024.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio soared 45.24% — and 2025, when it retreated 29.26%.
- Cleveland-Cliffs' Asset Utilization Ratio stood at 1.2 in 2022, then increased by 3.33% to 1.24 in 2023, then retreated by 17.74% to 1.02 in 2024, then decreased by 9.16% to 0.92 in 2025, then gained by 3.33% to 0.95 in 2026.
- Business Quant data shows CLF's Asset Utilization Ratio at 0.95 in Q2 2026, 0.94 in Q1 2026, and 0.92 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | 0.66 |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 0.99 |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | 0.64 |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 1.21 |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 1.44 |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | 0.95 |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | 0.92 |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | 1.03 |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | 1.51 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.95 |
| Mar 31, 2026 | 0.94 |
| Dec 31, 2025 | 0.92 |
| Sep 30, 2025 | 0.91 |
| Jun 30, 2025 | 0.89 |
| Mar 31, 2025 | 0.89 |
| Dec 31, 2024 | 1.02 |
| Sep 30, 2024 | 1.18 |
| Jun 30, 2024 | 1.23 |
| Mar 31, 2024 | 1.26 |
| Dec 31, 2023 | 1.24 |
| Sep 30, 2023 | 1.21 |
| Jun 30, 2023 | 1.19 |
| Mar 31, 2023 | 1.19 |
| Dec 31, 2022 | 1.20 |
| Sep 30, 2022 | 0.91 |
| Jun 30, 2022 | 0.93 |
| Mar 31, 2022 | 0.89 |
| Dec 31, 2021 | 0.82 |
| Sep 30, 2021 | 1.04 |