Cleveland-Cliffs (CLF) Capital Expenditures (2009 - 2026)
Cleveland-Cliffs (CLF) recorded Capital Expenditures of $152 million in Q3 2026, down 3.2% from $157 million a year earlier and down 3.2% from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) Capital Expenditures (2009 - 2026) Analysis & Trends
On a TTM basis, Cleveland-Cliffs' Capital Expenditures came in at $601 million as of Sep 30, 2026, down 4.0% year-over-year; for FY2025, it was $561 million, down 19.3% from FY2024.
- Annual Capital Expenditures has a five-year compound annual growth rate of 1.3% (FY2020 to FY2025).
- Across earlier years, Capital Expenditures came in at $695 million in FY2024 (+7.6%), $646 million in FY2023 (-31.5%), $943 million in FY2022 (+33.8%) and $705 million in FY2021 (+34.3%).
- Quarterly Capital Expenditures has ranged from $112 million in Q2 2025 to $248 million in Q3 2022 over the past five years.
- On a year-over-year basis, Capital Expenditures rose in three of the last eight quarters, with an average decline of 1.5%.
- Peak year-over-year performance for Capital Expenditures in the last five years was growth of 73.5% in Q1 2022, against a decline of 43.5% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $157 million (Q2 2026), $152 million (Q1 2026) and $140 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 2 | Southern Copper | 145.61 Bn | 120.34 Bn | 3.10 Bn | 515.80 Mn |
| 3 | Rio Tinto | 138.54 Bn | 138.54 Bn | - | - |
| 4 | Newmont | 127.15 Bn | 92.29 Bn | 4.22 Bn | 856.00 Mn |
| 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 | 1.10 Bn |
| 8 | Barrick Mining | 69.35 Bn | 47.84 Bn | 2.90 Bn | 1.19 Bn |
| 9 | Nucor | 59.10 Bn | 48.48 Bn | 2.03 Bn | 571.00 Mn |
| 10 | Cleveland-Cliffs | 7.45 Bn | 7.20 Bn | 465.00 Mn | 152.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 152.00 Mn |
| Jun 30, 2026 | 157.00 Mn |
| Mar 31, 2026 | 152.00 Mn |
| Dec 31, 2025 | 140.00 Mn |
| Sep 30, 2025 | 157.00 Mn |
| Jun 30, 2025 | 112.00 Mn |
| Mar 31, 2025 | 152.00 Mn |
| Dec 31, 2024 | 205.00 Mn |
| Sep 30, 2024 | 151.00 Mn |
| Jun 30, 2024 | 157.00 Mn |
| Mar 31, 2024 | 182.00 Mn |
| Dec 31, 2023 | 165.00 Mn |
| Sep 30, 2023 | 162.00 Mn |
| Jun 30, 2023 | 131.00 Mn |
| Mar 31, 2023 | 188.00 Mn |
| Dec 31, 2022 | 227.00 Mn |
| Sep 30, 2022 | 248.00 Mn |
| Jun 30, 2022 | 232.00 Mn |
| Mar 31, 2022 | 236.00 Mn |
| Dec 31, 2021 | 232.00 Mn |
API Access
Cleveland-Cliffs Capital Expenditures 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=capital-expenditures&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "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=capital-expenditures&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();