Cleveland-Cliffs (CLF) Asset Utilization Ratio (2009 - 2026)
Cleveland-Cliffs (CLF) reported Asset Utilization Ratio of 0.94 for Q1 2026, up 5.74% year-over-year from 0.89 in Q1 2025, and up 2.02% quarter-over-quarter from 0.92 in Q4 2025.
Cleveland-Cliffs (CLF) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has 18 years of Asset Utilization Ratio data on file, last reported at 0.94 in Q1 2026.
- Asset Utilization Ratio for Q1 2026 came in at 0.94, up 5.74% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.94 (up 5.74% YoY), and the FY2025 annual result was 0.91, down 8.86% from the prior year.
- Asset Utilization Ratio climbed to 0.94 in Q1 2026 per CLF's latest filing, from 0.92 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 1.26 in Q1 2024 and troughed at 0.89 in Q1 2022.
- A 5-year average of 1.06 and a median of 1.02 in 2024 frame the typical range for Asset Utilization Ratio.
- The sharpest annual moves came in 2022 and 2025: Asset Utilization Ratio surged 45.26% in 2022, then retreated 29.26% in 2025.
- A 5-year view of Asset Utilization Ratio shows it stood at 1.2 in 2022, then grew by 3.33% to 1.24 in 2023, then fell by 17.74% to 1.02 in 2024, then retreated by 9.16% to 0.92 in 2025, then increased by 2.02% to 0.94 in 2026.
- Business Quant data shows CLF's Asset Utilization Ratio at 0.94 in Q1 2026, 0.92 in Q4 2025, and 0.91 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 0.65 |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 0.97 |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | 0.63 |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 1.15 |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 1.40 |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | 0.94 |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | 0.99 |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | - |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 1.50 |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 0.90 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 0.82 |