Cleveland-Cliffs (CLF) Operating Income (2009 - 2026)
Cleveland-Cliffs (CLF) reported Operating Income of -$213.0 million for Q1 2026, up 60.77% year-over-year from -$132.5 million in Q1 2025, and up 35.65% quarter-over-quarter from -$331.0 million in Q4 2025.
Cleveland-Cliffs (CLF) Operating Income (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has 18 years of Operating Income data on file, last reported at -$213.0 million in Q1 2026.
- Operating Income for Q1 2026 came in at -$213.0 million, up 60.77% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.2 billion (up 1.35% YoY), and the FY2025 annual result was -$1.6 billion, down 106.95% from the prior year.
- Operating Income advanced to -$213.0 million in Q1 2026 per CLF's latest filing, from -$331.0 million in the prior quarter.
- Over five years, Operating Income peaked at $1.1 billion in Q1 2022 and troughed at -$543.0 million in Q1 2025.
- A 5-year average of $3.0 million and a median of -$118.0 million in 2023 frame the typical range for Operating Income.
- The sharpest annual moves came in 2022 and 2025: Operating Income jumped 518.08% in 2022, then plunged 8400.0% in 2025.
- A 5-year view of Operating Income shows it stood at -$182.0 million in 2022, then surged by 35.16% to -$118.0 million in 2023, then sank by 294.07% to -$465.0 million in 2024, then rose by 28.82% to -$331.0 million in 2025, then jumped by 35.65% to -$213.0 million in 2026.
- Business Quant data shows CLF's Operating Income at -$213.0 million in Q1 2026, -$331.0 million in Q4 2025, and -$204.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 290.07 Mn |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 1.12 Bn |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | 753.00 Mn |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 538.00 Mn |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 367.90 Mn |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | -213.00 Mn |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | -111.93 |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | 902.73 Mn |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 3.10 Mn |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 12.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -213.00 Mn |
| Dec 31, 2025 | -331.00 Mn |
| Sep 30, 2025 | -204.00 Mn |
| Jun 30, 2025 | -498.00 Mn |
| Mar 31, 2025 | -543.00 Mn |
| Dec 31, 2024 | -465.00 Mn |
| Sep 30, 2024 | -261.00 Mn |
| Jun 30, 2024 | 6.00 Mn |
| Mar 31, 2024 | -38.00 Mn |
| Dec 31, 2023 | -118.00 Mn |
| Sep 30, 2023 | 325.00 Mn |
| Jun 30, 2023 | 483.00 Mn |
| Mar 31, 2023 | -31.00 Mn |
| Dec 31, 2022 | -182.00 Mn |
| Sep 30, 2022 | 187.00 Mn |
| Jun 30, 2022 | 840.00 Mn |
| Mar 31, 2022 | 1.09 Bn |
| Dec 31, 2021 | 1.12 Bn |
| Sep 30, 2021 | 1.65 Bn |
| Jun 30, 2021 | 1.07 Bn |