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| Date | Value |
|---|---|
| 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 |