Cleveland-Cliffs (CLF) Depreciation and Depletion (2019 - 2026)
Cleveland-Cliffs' Depreciation and Depletion came in at $240 million for Q3 2026, down 10.4% from $268 million a year earlier and down 1.6% from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) Depreciation and Depletion (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Cleveland-Cliffs reported Depreciation and Depletion of $962 million, down 14.3% year-over-year; for FY2025, it came in at $1.15 billion, up 26.8% from FY2024.
- Depreciation and Depletion carries a five-year compound annual growth rate of 30.9% (FY2020 to FY2025).
- Going back by year, Depreciation and Depletion was $903 million in FY2024 (-3.1%), $932 million in FY2023 (-5.7%), $988 million in FY2022 (+16.5%) and $848 million in FY2021 (+184.6%).
- The five-year range for quarterly Depreciation and Depletion is $187 million (Q4 2021) to $374 million (Q2 2025).
- Year-over-year, Depreciation and Depletion has declined for three consecutive quarters, with growth averaging 7.5% over the last eight quarters.
- The fastest year-over-year change in Depreciation and Depletion over five years came in Q2 2025 (growth of 64.8%), and the weakest in Q2 2026 (a decline of 34.8%).
- Business Quant data shows CLF's Depreciation and Depletion at $244 million (Q2 2026), $239 million (Q1 2026) and $239 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 326.00 Mn |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | - |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | - |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | -168.47 Mn |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | - |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | - |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 567.00 Mn |
| 10 | Cleveland-Cliffs | 7.33 Bn | 7.36 Bn | 465.00 Mn | 240.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 240.00 Mn |
| Jun 30, 2026 | 244.00 Mn |
| Mar 31, 2026 | 239.00 Mn |
| Dec 31, 2025 | 239.00 Mn |
| Sep 30, 2025 | 268.00 Mn |
| Jun 30, 2025 | 374.00 Mn |
| Mar 31, 2025 | 264.00 Mn |
| Dec 31, 2024 | 216.00 Mn |
| Sep 30, 2024 | 233.00 Mn |
| Jun 30, 2024 | 227.00 Mn |
| Mar 31, 2024 | 227.00 Mn |
| Dec 31, 2023 | 200.00 Mn |
| Sep 30, 2023 | 247.00 Mn |
| Jun 30, 2023 | 246.00 Mn |
| Mar 31, 2023 | 239.00 Mn |
| Dec 31, 2022 | 206.00 Mn |
| Sep 30, 2022 | 235.00 Mn |
| Jun 30, 2022 | 249.00 Mn |
| Mar 31, 2022 | 298.00 Mn |
| Dec 31, 2021 | 187.00 Mn |
API Access
Cleveland-Cliffs Depreciation and Depletion API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "ticker": "CLF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();