Cleveland-Cliffs (CLF) Deferred Taxes (2009 - 2026)
Cleveland-Cliffs (CLF) posted quarterly Deferred Taxes of -$17.0 million for Q2 2026, up 88.67% year-over-year from -$9.0 million in Q2 2025, and up 80.0% quarter-over-quarter from -$85.0 million in Q1 2026.
Cleveland-Cliffs (CLF) Deferred Taxes (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has reported Deferred Taxes for 16 consecutive years, with -$17.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Deferred Taxes rose 88.67% year-over-year to -$17.0 million; the TTM figure through Jun 2026 stood at -$305.0 million (up 36.19% YoY), while the FY2025 annual figure was -$506.0 million, down 158.16% from the prior year.
- Deferred Taxes improved to -$17.0 million in Q2 2026 per CLF's latest filing, from -$85.0 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $116.0 million in Q3 2023 and bottomed at -$153.0 million in Q1 2025.
- Historically, Deferred Taxes has averaged -$33.6 million across 5 years, with a median of -$19.5 million in 2023.
- Annual changes were most pronounced in 2022 — Deferred Taxes soared 470.0% — and 2025, when it plunged 1812.5%.
- Cleveland-Cliffs' Deferred Taxes stood at -$120.0 million in 2022, then jumped by 81.67% to -$22.0 million in 2023, then sank by 486.36% to -$129.0 million in 2024, then climbed by 3.1% to -$125.0 million in 2025, then jumped by 86.4% to -$17.0 million in 2026.
- Business Quant data shows CLF's Deferred Taxes at -$17.0 million in Q2 2026, -$85.0 million in Q1 2026, and -$125.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | - |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | -27.00 Mn |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | 142.00 Mn |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 29.98 Mn |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | - |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | -17.00 Mn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | - |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | 5.17 Mn |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | -2.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -17.00 Mn |
| Mar 31, 2026 | -85.00 Mn |
| Dec 31, 2025 | -125.00 Mn |
| Sep 30, 2025 | -78.00 Mn |
| Jun 30, 2025 | -150.00 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 |