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
DateValue
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