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

Cleveland-Cliffs (CLF) reported Cost of Revenue of $5.0 billion for Q1 2026, little changed year-over-year from $5.0 billion in Q1 2025, and up 10.73% quarter-over-quarter from $4.5 billion in Q4 2025.

Cleveland-Cliffs (CLF) Cost of Revenue (2009 - 2026) Analysis & Trends

Cleveland-Cliffs (CLF) has 18 years of Cost of Revenue data on file, last reported at $5.0 billion in Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $5.0 billion, changed 0.42% year-over-year; the trailing twelve-month figure through Mar 2026 was $19.4 billion (up 1.13% YoY), and the FY2025 annual result was $19.5 billion, up 1.82% from the prior year.
  • Cost of Revenue improved to $5.0 billion in Q1 2026 per CLF's latest filing, from $4.5 billion in the prior quarter.
  • Over five years, Cost of Revenue peaked at $5.4 billion in Q2 2022 and troughed at $4.5 billion in Q4 2025.
  • A 5-year average of $5.0 billion and a median of $5.0 billion in 2026 frame the typical range for Cost of Revenue.
  • The sharpest annual moves came in 2022 and 2024: Cost of Revenue surged 39.19% in 2022, then decreased 8.78% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at $5.1 billion in 2022, then slipped by 2.78% to $5.0 billion in 2023, then slipped by 7.34% to $4.6 billion in 2024, then declined by 1.72% to $4.5 billion in 2025, then advanced by 10.73% to $5.0 billion in 2026.
  • Business Quant data shows CLF's Cost of Revenue at $5.0 billion in Q1 2026, $4.5 billion in Q4 2025, and $4.8 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn 3.25 Bn
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 8.00 Bn
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 4.44 Bn
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 2.85 Bn
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 5.00 Bn
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 308.82
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn 208.42 Mn
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 521.80 Mn
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 111.59 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 5.00 Bn
Mar 31, 2026 5.00 Bn
Dec 31, 2025 4.52 Bn
Dec 31, 2025 4.52 Bn
Sep 30, 2025 4.78 Bn
Sep 30, 2025 4.78 Bn
Jun 30, 2025 5.14 Bn
Jun 30, 2025 5.14 Bn
Mar 31, 2025 5.03 Bn
Mar 31, 2025 5.03 Bn
Dec 31, 2024 4.60 Bn
Dec 31, 2024 4.60 Bn
Sep 30, 2024 4.68 Bn
Sep 30, 2024 4.68 Bn
Jun 30, 2024 4.93 Bn
Jun 30, 2024 4.93 Bn
Mar 31, 2024 4.91 Bn
Mar 31, 2024 4.91 Bn
Dec 31, 2023 4.96 Bn
Dec 31, 2023 4.96 Bn