Cleveland-Cliffs (CLF) Change in Taxes (2021 - 2026)

Cleveland-Cliffs (CLF) reported Change in Taxes of $4.0 million for Q1 2026, down 42.86% year-over-year from $7.0 million in Q1 2025, and up 300.0% quarter-over-quarter from -$2.0 million in Q4 2025.

Cleveland-Cliffs (CLF) Change in Taxes (2021 - 2026) Analysis & Trends

Cleveland-Cliffs (CLF) has 6 years of Change in Taxes data on file, last reported at $4.0 million in Q1 2026.

  • Change in Taxes for Q1 2026 came in at $4.0 million, down 42.86% year-over-year; the trailing twelve-month figure through Mar 2026 was $10.0 million (up 211.11% YoY), and the FY2025 annual result was $13.0 million, up 176.47% from the prior year.
  • Change in Taxes grew to $4.0 million in Q1 2026 per CLF's latest filing, from -$2.0 million in the prior quarter.
  • Over five years, Change in Taxes peaked at $180.0 million in Q1 2022 and troughed at -$235.0 million in Q2 2022.
  • A 5-year average of $5.9 million and a median of $4.0 million in 2026 frame the typical range for Change in Taxes.
  • The sharpest annual moves came in 2022 and 2025: Change in Taxes plunged 440.0% in 2022, then jumped 800.0% in 2025.
  • A 5-year view of Change in Taxes shows it stood at $87.0 million in 2022, then advanced by 21.84% to $106.0 million in 2023, then plunged by 72.64% to $29.0 million in 2024, then plunged by 106.9% to -$2.0 million in 2025, then soared by 300.0% to $4.0 million in 2026.
  • Business Quant data shows CLF's Change in Taxes at $4.0 million in Q1 2026, -$2.0 million in Q4 2025, and $5.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -129.68 Mn
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 78.00 Mn
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 74.43 Mn
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn -
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 4.00 Mn
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn -
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 4.00 Mn
Mar 31, 2026 4.00 Mn
Dec 31, 2025 -2.00 Mn
Dec 31, 2025 -2.00 Mn
Sep 30, 2025 5.00 Mn
Sep 30, 2025 5.00 Mn
Jun 30, 2025 3.00 Mn
Jun 30, 2025 3.00 Mn
Mar 31, 2025 7.00 Mn
Mar 31, 2025 7.00 Mn
Dec 31, 2024 29.00 Mn
Dec 31, 2024 29.00 Mn
Sep 30, 2024 -34.00 Mn
Sep 30, 2024 -34.00 Mn
Jun 30, 2024 -11.00 Mn
Jun 30, 2024 -11.00 Mn
Mar 31, 2024 -1.00 Mn
Mar 31, 2024 -1.00 Mn
Dec 31, 2023 106.00 Mn
Dec 31, 2023 106.00 Mn