Cleveland-Cliffs CLF
NYSE CLF
$11.35 +0.61 (+5.73%)
As of: Aug 21, 2026 · 1:12 PM EDT

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.

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
DateValue
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%