Cleveland-Cliffs (CLF) Return on Capital Employed (2009 - 2026)
Cleveland-Cliffs (CLF) posted quarterly Return on Capital Employed of 4.83% for Q2 2026, up 536.0% year-over-year from 0.76% in Q2 2025, and up 35.29% quarter-over-quarter from 7.46% in Q1 2026.
Cleveland-Cliffs (CLF) Return on Capital Employed (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has reported Return on Capital Employed for 18 consecutive years, with 4.83% the latest figure, recorded in Q2 2026.
- In Q2 2026, Return on Capital Employed rose 536.0% year-over-year to 4.83%; the TTM figure through Jun 2026 stood at 4.83% (up 536.0% YoY), while the FY2025 annual figure was 9.19%, down 439.0% from the prior year.
- Return on Capital Employed grew to 4.83% in Q2 2026 per CLF's latest filing, from 7.46% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 31.55% in Q1 2022 and bottomed at 10.19% in Q2 2025.
- Historically, Return on Capital Employed has averaged 3.3% across 5 years, with a median of 2.15% in 2023.
- Annual changes were most pronounced in 2022 — Return on Capital Employed soared 3074 bps — and 2023, when it tumbled 2651 bps.
- Cleveland-Cliffs' Return on Capital Employed stood at 12.37% in 2022, then slumped by 63 bps to 4.61% in 2023, then slumped by 206 bps to 4.89% in 2024, then plunged by 92 bps to 9.37% in 2025, then surged by 48 bps to 4.83% in 2026.
- Business Quant data shows CLF's Return on Capital Employed at 4.83% in Q2 2026, 7.46% in Q1 2026, and 9.37% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 108.66 Bn | 98.76 Bn | 941.02 Mn | -448.99% |
| 2 | Nucor | 55.66 Bn | 52.97 Bn | 2.03 Bn | 13.42% |
| 3 | ArcelorMittal | 55.22 Bn | 50.37 Bn | - | 2.72% |
| 4 | Steel Dynamics | 32.76 Bn | 32.18 Bn | 958.97 Mn | 14.06% |
| 5 | Reliance | 19.62 Bn | 19.39 Bn | 1.30 Bn | 12.56% |
| 6 | Cleveland-Cliffs | 6.49 Bn | 6.42 Bn | 132.00 Mn | -4.83% |
| 7 | Gerdau | 5.43 Bn | 4.29 Bn | 558.98 Mn | 9.70% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.57 Bn | 3.01 Bn | - | - |
| 9 | Posco Holdings | 4.32 Bn | 1.83 Bn | 1.04 Bn | 4.09% |
| 10 | Worthington Steel | 1.70 Bn | 1.62 Bn | 118.80 Mn | -0.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -4.83% |
| Mar 31, 2026 | -7.46% |
| Dec 31, 2025 | -9.37% |
| Sep 30, 2025 | -10.02% |
| Jun 30, 2025 | -10.19% |
| Mar 31, 2025 | -7.17% |
| Dec 31, 2024 | -4.89% |
| Sep 30, 2024 | -3.02% |
| Jun 30, 2024 | 1.27% |
| Mar 31, 2024 | 4.66% |
| Dec 31, 2023 | 4.61% |
| Sep 30, 2023 | 4.00% |
| Jun 30, 2023 | 3.03% |
| Mar 31, 2023 | 5.34% |
| Dec 31, 2022 | 12.37% |
| Sep 30, 2022 | 19.90% |
| Jun 30, 2022 | 29.54% |
| Mar 31, 2022 | 31.55% |
| Dec 31, 2021 | 26.82% |
| Sep 30, 2021 | 20.51% |