Cleveland-Cliffs (CLF) Cost of Revenue (2009 - 2026)

Cleveland-Cliffs (CLF) has reported Cost of Revenue for 18 consecutive years, with $5.1 billion the latest figure, recorded in Q2 2026.

• In Q2 2026, Cost of Revenue fell 1.01% year-over-year to $5.1 billion; the TTM figure through Jun 2026 stood at $19.4 billion (changed 0.24% YoY), while the FY2025 annual figure was $19.5 billion, up 1.82% from the prior year.
• Cost of Revenue climbed to $5.1 billion in Q2 2026 per CLF's latest filing, from $5.0 billion in the prior quarter.
• Across five years, Cost of Revenue topped out at $5.4 billion in Q2 2022 and bottomed at $4.5 billion in Q4 2025.
• Historically, Cost of Revenue has averaged $5.0 billion across 5 years, with a median of $5.0 billion in 2025.
• Annual changes were most pronounced in 2022 — Cost of Revenue surged 39.19% — and 2024, when it decreased 8.78%.
• Cleveland-Cliffs' Cost of Revenue stood at $5.1 billion in 2022, then dropped by 2.78% to $5.0 billion in 2023, then dropped by 7.34% to $4.6 billion in 2024, then fell by 1.72% to $4.5 billion in 2025, then grew by 12.72% to $5.1 billion in 2026.
• Business Quant data shows CLF's Cost of Revenue at $5.1 billion in Q2 2026, $5.0 billion in Q1 2026, and $4.5 billion in Q4 2025.