Cleveland-Cliffs (CLF) Invested Capital (2009 - 2026)
Cleveland-Cliffs (CLF) reported Invested Capital of $13.6 billion for Q1 2026, down 3.32% year-over-year from $14.1 billion in Q1 2025, and up 1.62% quarter-over-quarter from $13.4 billion in Q4 2025.
Cleveland-Cliffs (CLF) Invested Capital (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has 18 years of Invested Capital data on file, last reported at $13.6 billion in Q1 2026.
- Invested Capital for Q1 2026 came in at $13.6 billion, down 3.32% year-over-year; the trailing twelve-month figure through Mar 2026 was $13.6 billion (down 3.32% YoY), and the FY2025 annual result was $13.4 billion, down 4.04% from the prior year.
- Invested Capital grew to $13.6 billion in Q1 2026 per CLF's latest filing, from $13.4 billion in the prior quarter.
- Over five years, Invested Capital peaked at $14.1 billion in Q1 2025 and troughed at $10.8 billion in Q3 2024.
- A 5-year average of $12.3 billion and a median of $12.0 billion in 2023 frame the typical range for Invested Capital.
- The sharpest annual moves came in 2022 and 2024: Invested Capital jumped 320.22% in 2022, then retreated 10.31% in 2024.
- A 5-year view of Invested Capital shows it stood at $12.3 billion in 2022, then dropped by 8.52% to $11.2 billion in 2023, then gained by 24.01% to $13.9 billion in 2024, then fell by 4.04% to $13.4 billion in 2025, then advanced by 1.62% to $13.6 billion in 2026.
- Business Quant data shows CLF's Invested Capital at $13.6 billion in Q1 2026, $13.4 billion in Q4 2025, and $13.7 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 3.96 Bn |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 21.59 Bn |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | 2.74 Bn |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 13.36 Bn |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 7.13 Bn |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | 13.59 Bn |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | 252.23 |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | - |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 1.32 Bn |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 406.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.59 Bn |
| Dec 31, 2025 | 13.37 Bn |
| Sep 30, 2025 | 13.75 Bn |
| Jun 30, 2025 | 13.73 Bn |
| Mar 31, 2025 | 14.05 Bn |
| Dec 31, 2024 | 13.93 Bn |
| Sep 30, 2024 | 10.84 Bn |
| Jun 30, 2024 | 10.85 Bn |
| Mar 31, 2024 | 11.08 Bn |
| Dec 31, 2023 | 11.24 Bn |
| Sep 30, 2023 | 11.72 Bn |
| Jun 30, 2023 | 12.01 Bn |
| Mar 31, 2023 | 12.35 Bn |
| Dec 31, 2022 | 12.28 Bn |
| Sep 30, 2022 | 11.74 Bn |
| Jun 30, 2022 | 11.66 Bn |
| Mar 31, 2022 | 11.64 Bn |
| Dec 31, 2021 | 11.01 Bn |
| Sep 30, 2021 | 4.78 Bn |
| Jun 30, 2021 | 4.03 Bn |