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
DateValue
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