Cleveland-Cliffs (CLF) Asset Utilization Ratio (2009 - 2026)
Cleveland-Cliffs' (CLF) quarterly Asset Utilization Ratio came in at 0.95 in 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.
Analysis
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.
- On a quarterly basis, Asset Utilization Ratio rose 6.78% year-over-year to 0.95 in Q2 2026; TTM through Jun 2026 was 0.95, a 6.78% increase from a year earlier, with the FY2025 full-year figure at 0.91, down 8.86% from the prior year.
- Asset Utilization Ratio was 0.95 for Q2 2026 at Cleveland-Cliffs, up from 0.94 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 1.05 and a median of 0.99 in 2024 frame the typical range for Asset Utilization Ratio.
- Across the five-year window, Asset Utilization Ratio surged 45.24% in 2022 and fell 29.26% in 2025, its largest moves.
- Over 5 years, Asset Utilization Ratio stood at 1.2 in 2022, then climbed by 3.33% to 1.24 in 2023, then declined by 17.74% to 1.02 in 2024, then fell by 9.16% to 0.92 in 2025, then increased by 3.33% to 0.95 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.95 (Q2 2026), 0.94 (Q1 2026), and 0.92 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 116.34 Bn | 110.88 Bn | 941.02 Mn | 0.66 |
| 2 | Nucor | 59.22 Bn | 57.68 Bn | 2.03 Bn | 0.99 |
| 3 | Steel Dynamics | 34.76 Bn | 33.98 Bn | 958.97 Mn | 1.21 |
| 4 | Gerdau | 9.98 Bn | 8.94 Bn | 558.98 Mn | 0.83 |
| 5 | Commercial Metals | 7.78 Bn | 7.22 Bn | 455.14 Mn | 0.91 |
| 6 | Cleveland-Cliffs | 7.13 Bn | 7.27 Bn | 132.00 Mn | 0.95 |
| 7 | Posco Holdings | 4.74 Bn | -4.93 Bn | 1.11 Bn | 1.05 |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - | - |
| 9 | National Steel | 1.62 Bn | -1.21 Bn | 579.08 Mn | 0.95 |
| 10 | SunCoke Energy | 876.76 Mn | 861.96 Mn | 100.40 Mn | 1.09 |
Historic Data
Download Data
Historic 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 |