Cleveland-Cliffs (CLF) Return on Assets [ROA] (2009 - 2026)
Cleveland-Cliffs (CLF) reported Return on Assets [ROA] of -2.14% for Q3 2026, up 5.84 percentage points from -7.98% a year earlier and up 2.00 percentage points from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) Return on Assets [ROA] (2009 - 2026) Analysis & Trends
For FY2025, Cleveland-Cliffs posted Return on Assets [ROA] of -6.97%, down 3.26 percentage points from FY2024.
- Return on Assets [ROA] has declined for four consecutive years, with a five-year change of -6.17 percentage points (FY2020 to FY2025).
- By year, Return on Assets [ROA] came in at -3.71% in FY2024 (-6.11 pp), 2.40% in FY2023 (-4.89 pp), 7.29% in FY2022 (-9.68 pp) and 16.97% in FY2021 (+17.77 pp).
- The Q3 2026 figure ranks as the highest quarterly Return on Assets [ROA] since Q2 2024.
- Year over year, Return on Assets [ROA] gained in two of the last eight quarters, with an average year-over-year change of -2.75 percentage points.
- The high point for year-over-year Return on Assets [ROA] in five years was Q1 2022 (a gain of 19.42 percentage points); the low point was Q1 2023 (a drop of 16.78 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at -4.14% (Q2 2026), -5.84% (Q1 2026) and -7.09% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 10.74% |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | 25.64% |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | 16.30% |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | 5.53% |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | 16.05% |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | 8.30% |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 18.30% |
| 10 | Cleveland-Cliffs | 7.33 Bn | 7.36 Bn | 465.00 Mn | -2.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -2.14% |
| Jun 30, 2026 | -4.14% |
| Mar 31, 2026 | -5.84% |
| Dec 31, 2025 | -7.09% |
| Sep 30, 2025 | -7.98% |
| Jun 30, 2025 | -7.87% |
| Mar 31, 2025 | -5.47% |
| Dec 31, 2024 | -3.76% |
| Sep 30, 2024 | -2.54% |
| Jun 30, 2024 | 0.46% |
| Mar 31, 2024 | 2.44% |
| Dec 31, 2023 | 2.45% |
| Sep 30, 2023 | 2.12% |
| Jun 30, 2023 | 1.49% |
| Mar 31, 2023 | 2.78% |
| Dec 31, 2022 | 7.16% |
| Sep 30, 2022 | 12.48% |
| Jun 30, 2022 | 18.07% |
| Mar 31, 2022 | 19.56% |
| Dec 31, 2021 | 16.38% |
API Access
Cleveland-Cliffs Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();