Cleveland-Cliffs (CLF) Tax Provisions (2009 - 2026)
Cleveland-Cliffs (CLF) posted quarterly Tax Provisions of -$20.0 million for Q2 2026, up 86.49% year-over-year from -$10.7 million in Q2 2025, and up 75.31% quarter-over-quarter from -$81.0 million in Q1 2026.
Cleveland-Cliffs (CLF) Tax Provisions (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has reported Tax Provisions for 18 consecutive years, with -$20.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Provisions rose 86.49% year-over-year to -$20.0 million; the TTM figure through Jun 2026 stood at -$385.0 million (up 24.36% YoY), while the FY2025 annual figure was -$581.0 million, down 146.19% from the prior year.
- Tax Provisions advanced to -$20.0 million in Q2 2026 per CLF's latest filing, from -$81.0 million in the prior quarter.
- Across five years, Tax Provisions topped out at $237.0 million in Q1 2022 and bottomed at -$206.0 million in Q4 2025.
- Historically, Tax Provisions has averaged -$19.4 million across 5 years, with a median of -$14.0 million in 2023.
- Annual changes were most pronounced in 2022 — Tax Provisions surged 2533.33% — and 2025, when it tumbled 1762.5%.
- Cleveland-Cliffs' Tax Provisions stood at $19.0 million in 2022, then jumped by 36.84% to $26.0 million in 2023, then slumped by 623.08% to -$136.0 million in 2024, then sank by 51.47% to -$206.0 million in 2025, then jumped by 90.29% to -$20.0 million in 2026.
- Business Quant data shows CLF's Tax Provisions at -$20.0 million in Q2 2026, -$81.0 million in Q1 2026, and -$206.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 108.60 Bn | 98.70 Bn | 941.02 Mn | -22.89 Mn |
| 2 | Nucor | 55.73 Bn | 53.03 Bn | 2.03 Bn | 345.00 Mn |
| 3 | ArcelorMittal | 55.18 Bn | 50.33 Bn | - | -175.00 Mn |
| 4 | Steel Dynamics | 32.86 Bn | 32.28 Bn | 958.97 Mn | 152.68 Mn |
| 5 | Reliance | 19.63 Bn | 19.39 Bn | 1.30 Bn | 106.20 Mn |
| 6 | Cleveland-Cliffs | 6.54 Bn | 6.47 Bn | 132.00 Mn | -20.00 Mn |
| 7 | Gerdau | 5.44 Bn | 4.30 Bn | 558.98 Mn | -110.49 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.57 Bn | 3.01 Bn | - | - |
| 9 | Posco Holdings | 4.33 Bn | 1.84 Bn | 1.04 Bn | -145.89 Mn |
| 10 | Worthington Steel | 1.71 Bn | 1.63 Bn | 118.80 Mn | 9.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -20.00 Mn |
| Mar 31, 2026 | -81.00 Mn |
| Dec 31, 2025 | -206.00 Mn |
| Sep 30, 2025 | -78.00 Mn |
| Jun 30, 2025 | -148.00 Mn |
| Mar 31, 2025 | -149.00 Mn |
| Dec 31, 2024 | -136.00 Mn |
| Sep 30, 2024 | -76.00 Mn |
| Jun 30, 2024 | -15.00 Mn |
| Mar 31, 2024 | -8.00 Mn |
| Dec 31, 2023 | 26.00 Mn |
| Sep 30, 2023 | 29.00 Mn |
| Jun 30, 2023 | 102.00 Mn |
| Mar 31, 2023 | -13.00 Mn |
| Dec 31, 2022 | 19.00 Mn |
| Sep 30, 2022 | 10.00 Mn |
| Jun 30, 2022 | 157.00 Mn |
| Mar 31, 2022 | 237.00 Mn |
| Dec 31, 2021 | 214.00 Mn |
| Sep 30, 2021 | 334.00 Mn |