Cleveland-Cliffs (CLF) Tax Rate (2009 - 2023)
Cleveland-Cliffs (CLF) posted Tax Rate of 13.16% for Q2 2026, down 10.67 percentage points from 23.83% a year earlier and down 13.23 percentage points from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) Tax Rate (2009 - 2023) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Cleveland-Cliffs was 31.90%, up 8.05 percentage points year-over-year; for FY2025, it was 28.99%, up 4.15 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of -28.52 percentage points (FY2020 to FY2025).
- In prior years, Cleveland-Cliffs' Tax Rate was 24.84% in FY2024 (-0.03 pp), 24.87% in FY2023 (+1.32 pp), 23.55% in FY2022 (+3.23 pp) and 20.33% in FY2021 (-37.19 pp).
- The Q2 2026 figure stands as the lowest quarterly Tax Rate since Q1 2024.
- On a year-over-year basis, Tax Rate increased in six of the last eight quarters, with an average year-over-year change of -17.54 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q2 2024, with a gain of 227.73 percentage points; the weakest was Q2 2025, with a drop of 226.17 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 26.38% (Q1 2026), 46.92% (Q4 2025) and 25.24% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | - |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 31.74% |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 28.19% |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | 31.10% |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | - |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | 21.23% |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | - |
| 10 | Cleveland-Cliffs | 6.40 Bn | 6.38 Bn | 132.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2023 | 9.57% |
| Jun 30, 2023 | 22.27% |
| Sep 30, 2022 | 5.71% |
| Jun 30, 2022 | 20.74% |
| Mar 31, 2022 | 22.57% |
| Dec 31, 2021 | 19.24% |
| Sep 30, 2021 | 20.68% |
| Jun 30, 2021 | 21.39% |
| Mar 31, 2021 | 13.64% |
| Sep 30, 2019 | 4.97% |
| Jun 30, 2019 | 12.00% |
| Sep 30, 2018 | 0.25% |
| Mar 31, 2018 | 682.61% |
| Mar 31, 2016 | 6.16% |
| Mar 31, 2015 | 51.21% |
| Jun 30, 2014 | 7.69% |
| Mar 31, 2014 | 29.72% |
| Dec 31, 2013 | 25.01% |
| Sep 30, 2013 | 36.89% |
| Jun 30, 2013 | 4.26% |
API Access
Cleveland-Cliffs Tax Rate 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=tax-rate&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();