Cleveland-Cliffs (CLF) Asset Utilization Ratio (2009 - 2026)
Cleveland-Cliffs' (CLF) Asset Utilization Ratio stood at 0.99 in Q3 2026, up 8.6% from 0.91 a year earlier and up 4.0% from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
For FY2025, Cleveland-Cliffs' Asset Utilization Ratio came in at 0.91, down 8.9% from FY2024.
- Annual Asset Utilization Ratio has declined for three straight years.
- Across earlier years, Asset Utilization Ratio came in at 1.00 in FY2024 (-17.7%), 1.21 in FY2023 (-0.5%), 1.22 in FY2022 (+6.5%) and 1.14 in FY2021 (+116.6%).
- The Q3 2026 figure is the highest quarterly Asset Utilization Ratio since Q4 2024.
- On a year-over-year basis, Asset Utilization Ratio has increased for three consecutive quarters, with an average decline of 10.7% over the last eight quarters.
- Peak year-over-year performance for Asset Utilization Ratio in the last five years was growth of 160.3% in Q4 2021, against a decline of 29.3% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.95 (Q2 2026), 0.94 (Q1 2026) and 0.92 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 2 | Southern Copper | 145.61 Bn | 120.34 Bn | 3.10 Bn | 0.69 |
| 3 | Rio Tinto | 138.54 Bn | 138.54 Bn | - | - |
| 4 | Newmont | 127.15 Bn | 92.29 Bn | 4.22 Bn | 0.46 |
| 5 | Ternium | 100.63 Bn | 93.91 Bn | - | - |
| 6 | Agnico Eagle Mines | 97.48 Bn | 92.69 Bn | - | - |
| 7 | Freeport-Mcmoran | 88.12 Bn | 72.16 Bn | 2.19 Bn | 0.44 |
| 8 | Barrick Mining | 69.35 Bn | 47.84 Bn | 2.90 Bn | 0.29 |
| 9 | Nucor | 59.10 Bn | 48.48 Bn | 2.03 Bn | 0.99 |
| 10 | Cleveland-Cliffs | 7.45 Bn | 7.20 Bn | 465.00 Mn | 0.99 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.99 |
| 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 | 1.17 |
| Jun 30, 2022 | 1.19 |
| Mar 31, 2022 | 1.15 |
| Dec 31, 2021 | 1.10 |
API Access
Cleveland-Cliffs Asset Utilization Ratio 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=asset-utilization-ratio&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "CLF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();