Cleveland-Cliffs (CLF) Return on Equity [ROE] (2009 - 2026)
Cleveland-Cliffs (CLF) posted Return on Equity [ROE] of -7.35% for Q3 2026, up 20.43 percentage points from -27.78% a year earlier and up 6.71 percentage points from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Cleveland-Cliffs' Return on Equity [ROE] came in at -21.65%, down 12.11 percentage points from FY2024.
- Annual Return on Equity [ROE] has declined for four consecutive years, with a five-year change of -15.65 percentage points (FY2020 to FY2025).
- In prior years, Cleveland-Cliffs' Return on Equity [ROE] was -9.54% in FY2024 (-14.95 pp), 5.41% in FY2023 (-14.53 pp), 19.93% in FY2022 (-54.82 pp) and 74.75% in FY2021 (+80.75 pp).
- The Q3 2026 figure stands as the highest quarterly Return on Equity [ROE] since Q3 2024.
- On a year-over-year basis, Return on Equity [ROE] increased in two of the last eight quarters, with an average year-over-year change of -8.75 percentage points.
- The strongest year-over-year quarter for Return on Equity [ROE] in the past five years was Q4 2021, with a gain of 64.95 percentage points; the weakest was Q1 2023, with a drop of 54.65 percentage points.
- According to Business Quant data, Return on Equity [ROE] for the three prior quarters was -14.06% (Q2 2026), -18.98% (Q1 2026) and -23.74% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 17.56% |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | 48.47% |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | 26.49% |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | 11.08% |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | 21.20% |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | 15.28% |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 29.77% |
| 10 | Cleveland-Cliffs | 7.33 Bn | 7.36 Bn | 465.00 Mn | -7.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -7.35% |
| Jun 30, 2026 | -14.06% |
| Mar 31, 2026 | -18.98% |
| Dec 31, 2025 | -23.74% |
| Sep 30, 2025 | -27.78% |
| Jun 30, 2025 | -26.09% |
| Mar 31, 2025 | -17.16% |
| Dec 31, 2024 | -10.19% |
| Sep 30, 2024 | -5.95% |
| Jun 30, 2024 | 1.06% |
| Mar 31, 2024 | 5.48% |
| Dec 31, 2023 | 5.33% |
| Sep 30, 2023 | 4.72% |
| Jun 30, 2023 | 3.47% |
| Mar 31, 2023 | 6.57% |
| Dec 31, 2022 | 17.99% |
| Sep 30, 2022 | 34.76% |
| Jun 30, 2022 | 52.87% |
| Mar 31, 2022 | 61.22% |
| Dec 31, 2021 | 60.27% |
API Access
Cleveland-Cliffs Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();