Cleveland-Cliffs (CLF) Depreciation and Depletion (2019 - 2026)

Cleveland-Cliffs (CLF) reported Depreciation and Depletion of $239.0 million for Q1 2026, down 9.47% year-over-year from $264.0 million in Q1 2025, and little changed quarter-over-quarter from $239.0 million in Q4 2025.

Cleveland-Cliffs (CLF) Depreciation and Depletion (2019 - 2026) Analysis & Trends

Cleveland-Cliffs (CLF) has 8 years of Depreciation and Depletion data on file, last reported at $239.0 million in Q1 2026.

  • Depreciation and Depletion for Q1 2026 came in at $239.0 million, down 9.47% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 19.15% YoY), and the FY2025 annual result was $1.1 billion, up 26.8% from the prior year.
  • Depreciation and Depletion steadied at $239.0 million in Q1 2026 per CLF's latest filing, from $239.0 million in the prior quarter.
  • Over five years, Depreciation and Depletion peaked at $374.0 million in Q2 2025 and troughed at -$699.0 million in Q4 2023.
  • A 5-year average of $194.6 million and a median of $239.0 million in 2023 frame the typical range for Depreciation and Depletion.
  • The sharpest annual moves came in 2022 and 2023: Depreciation and Depletion soared 133.5% in 2022, then plunged 439.32% in 2023.
  • A 5-year view of Depreciation and Depletion shows it stood at $206.0 million in 2022, then sank by 439.32% to -$699.0 million in 2023, then soared by 130.9% to $216.0 million in 2024, then grew by 10.65% to $239.0 million in 2025, then changed by 0.0% to $239.0 million in 2026.
  • Business Quant data shows CLF's Depreciation and Depletion at $239.0 million in Q1 2026, $239.0 million in Q4 2025, and $268.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Depreciation and Depletion (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 321.00 Mn
3 ArcelorMittal 51.15 Bn 48.81 Bn - -749.00 Mn
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn -
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn -
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 239.00 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 -
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 239.00 Mn
Mar 31, 2026 239.00 Mn
Dec 31, 2025 239.00 Mn
Dec 31, 2025 239.00 Mn
Sep 30, 2025 268.00 Mn
Sep 30, 2025 268.00 Mn
Jun 30, 2025 374.00 Mn
Jun 30, 2025 374.00 Mn
Mar 31, 2025 264.00 Mn
Mar 31, 2025 264.00 Mn
Dec 31, 2024 216.00 Mn
Dec 31, 2024 216.00 Mn
Sep 30, 2024 233.00 Mn
Sep 30, 2024 233.00 Mn
Jun 30, 2024 227.00 Mn
Jun 30, 2024 227.00 Mn
Mar 31, 2024 227.00 Mn
Mar 31, 2024 227.00 Mn
Dec 31, 2023 -699.00 Mn
Dec 31, 2023 -699.00 Mn