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
DateValue
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%