Cleveland-Cliffs (CLF) Tax Rate (2009 - 2026)
Cleveland-Cliffs (CLF) reported Tax Rate of 26.38% for Q1 2026, up 292.0% year-over-year from 6.73% in Q1 2025, and down 43.77% quarter-over-quarter from 46.92% in Q4 2025.
Cleveland-Cliffs (CLF) Tax Rate (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has 18 years of Tax Rate data on file, last reported at 26.38% in Q1 2026.
- Tax Rate for Q1 2026 came in at 26.38%, up 292.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 30.66% (up 591.0% YoY), and the FY2025 annual result was 28.99%, up 415.0% from the prior year.
- Tax Rate retreated to 26.38% in Q1 2026 per CLF's latest filing, from 46.92% in the prior quarter.
- Over five years, Tax Rate peaked at 250.0% in Q2 2024 and troughed at 20.63% in Q4 2023.
- A 5-year average of 31.23% and a median of 23.21% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2025: Tax Rate soared 22773 bps in 2024, then tumbled 22605 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 10.22% in 2022, then slumped by 102 bps to 20.63% in 2023, then soared by 216 bps to 23.86% in 2024, then soared by 97 bps to 46.92% in 2025, then tumbled by 44 bps to 26.38% in 2026.
- Business Quant data shows CLF's Tax Rate at 26.38% in Q1 2026, 46.92% in Q4 2025, and 25.24% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | - |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 20.62% |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | -18.06% |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 22.04% |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 24.01% |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | 26.38% |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | - |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | - |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 24.48% |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 15.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.38% |
| Mar 31, 2026 | 26.38% |
| Dec 31, 2025 | 46.92% |
| Dec 31, 2025 | 46.92% |
| Sep 30, 2025 | 25.24% |
| Sep 30, 2025 | 25.24% |
| Jun 30, 2025 | 23.95% |
| Jun 30, 2025 | 23.95% |
| Mar 31, 2025 | 23.46% |
| Mar 31, 2025 | 23.46% |
| Dec 31, 2024 | 23.86% |
| Dec 31, 2024 | 23.86% |
| Sep 30, 2024 | 24.68% |
| Sep 30, 2024 | 24.68% |
| Jun 30, 2024 | 250.00% |
| Jun 30, 2024 | 250.00% |
| Mar 31, 2024 | 13.11% |
| Mar 31, 2024 | 13.11% |
| Dec 31, 2023 | -20.63% |
| Dec 31, 2023 | -20.63% |