Cleveland-Cliffs (CLF) Deferred Taxes (2009 - 2026)
Cleveland-Cliffs (CLF) reported Deferred Taxes of -$85.0 million for Q1 2026, up 44.44% year-over-year from -$58.8 million in Q1 2025, and up 32.0% quarter-over-quarter from -$125.0 million in Q4 2025.
Cleveland-Cliffs (CLF) Deferred Taxes (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has 16 years of Deferred Taxes data on file, last reported at -$85.0 million in Q1 2026.
- Deferred Taxes for Q1 2026 came in at -$85.0 million, up 44.44% year-over-year; the trailing twelve-month figure through Mar 2026 was -$438.0 million (down 28.45% YoY), and the FY2025 annual result was -$506.0 million, down 158.16% from the prior year.
- Deferred Taxes improved to -$85.0 million in Q1 2026 per CLF's latest filing, from -$125.0 million in the prior quarter.
- Over five years, Deferred Taxes peaked at $116.0 million in Q3 2023 and troughed at -$153.0 million in Q1 2025.
- A 5-year average of -$34.5 million and a median of -$22.0 million in 2023 frame the typical range for Deferred Taxes.
- The sharpest annual moves came in 2022 and 2025: Deferred Taxes soared 470.0% in 2022, then plunged 1812.5% in 2025.
- A 5-year view of Deferred Taxes shows it stood at -$120.0 million in 2022, then soared by 81.67% to -$22.0 million in 2023, then plunged by 486.36% to -$129.0 million in 2024, then advanced by 3.1% to -$125.0 million in 2025, then surged by 32.0% to -$85.0 million in 2026.
- Business Quant data shows CLF's Deferred Taxes at -$85.0 million in Q1 2026, -$125.0 million in Q4 2025, and -$80.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | - |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | -34.00 Mn |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | 2.00 Mn |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 32.67 Mn |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | - |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | -85.00 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 | -7.00 Mn |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 791,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -85.00 Mn |
| Dec 31, 2025 | -125.00 Mn |
| Sep 30, 2025 | -80.00 Mn |
| Jun 30, 2025 | -148.00 Mn |
| Mar 31, 2025 | -153.00 Mn |
| Dec 31, 2024 | -129.00 Mn |
| Sep 30, 2024 | -46.00 Mn |
| Jun 30, 2024 | -13.00 Mn |
| Mar 31, 2024 | -8.00 Mn |
| Dec 31, 2023 | -22.00 Mn |
| Sep 30, 2023 | 116.00 Mn |
| Jun 30, 2023 | 20.00 Mn |
| Mar 31, 2023 | -4.00 Mn |
| Dec 31, 2022 | -120.00 Mn |
| Sep 30, 2022 | 59.00 Mn |
| Jun 30, 2022 | 94.00 Mn |
| Mar 31, 2022 | 57.00 Mn |
| Dec 31, 2021 | 210.00 Mn |
| Sep 30, 2021 | 332.00 Mn |
| Jun 30, 2021 | 215.00 Mn |