Cleveland-Cliffs (CLF) Invested Capital (2009 - 2026)
Cleveland-Cliffs (CLF) posted Invested Capital of $13.52 billion for Q2 2026, down 1.5% from $13.73 billion a year earlier and down 1.9% from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Cleveland-Cliffs' Invested Capital came in at $13.58 billion, down 2.6% from FY2024.
- Annual Invested Capital shows a five-year compound annual growth rate of 11.9% (FY2020 to FY2025).
- In prior years, Cleveland-Cliffs' Invested Capital was $13.93 billion in FY2024 (+24.0%), $11.24 billion in FY2023 (-8.5%), $12.28 billion in FY2022 (+11.5%) and $11.01 billion in FY2021 (+42.4%).
- The Q2 2026 figure stands as the lowest quarterly Invested Capital since Q3 2024.
- On a year-over-year basis, Invested Capital has declined in each of the last three quarters, with growth averaging 11.3% over the last eight quarters.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q3 2021, with growth of 77.4%; the weakest was Q1 2024, with a decline of 10.3%.
- According to Business Quant data, Invested Capital for the three prior quarters was $13.78 billion (Q1 2026), $13.58 billion (Q4 2025) and $13.75 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | 71.30 Bn |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 20.70 Bn |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 40.50 Bn |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 24.55 Bn |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 41.61 Bn |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | 28.80 Bn |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 36.87 Bn |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 30.37 Bn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | 80.28 Bn |
| 10 | Cleveland-Cliffs | 6.28 Bn | 6.26 Bn | 132.00 Mn | 13.52 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.52 Bn |
| Mar 31, 2026 | 13.78 Bn |
| Dec 31, 2025 | 13.58 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 | 9.64 Bn |
API Access
Cleveland-Cliffs Invested Capital 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=invested-capital&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();