What is Cleveland-Cliffs's change in AP?

Cleveland-Cliffs (CLF) reported change in AP of $41M in Q1 2026.

How has Cleveland-Cliffs's change in AP changed year-over-year?

Cleveland-Cliffs's change in AP decreased by 33.9% year-over-year, from $62M to $41M.

What is the long-term trend for Cleveland-Cliffs's change in AP?

Over 4 years (2021 to 2025), Cleveland-Cliffs's change in AP has grown at a -35.7% compound annual growth rate (CAGR), from $457M to -$78M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Cleveland-Cliffs CLF Change in AP

Change in AP at other companies

NucorNUE

$226M-40.2%

Steel DynamicsSTLD

$156.91M-36.9%

RelianceRS

$176.5M+55.1%

AlcoaAA

-$195M+5.3%

MP MaterialsMP

-$2.83M-58.5%

Eagle MaterialsEXP

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Other financials

Income statement

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Revenue$4.9B+6.3%

Gross profit-$82.0M+79.3%

Operating income-$213.0M+60.8%

Net income-$229.0M+52.9%

EPS (diluted)-$0.42+58.4%

Balance sheet

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Cash & equivalents$45.0M-21.1%

Total debt$7.8B+2.1%

Total equity$5.8B-6.9%

Total assets$20.1B-3.5%

Cash flow

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Operating cash flow-$325.0M+7.4%

CapEx$152.0M0.0%

Free cash flow-$477.0M+5.2%

Valuation

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Market cap$7B+18.6%

Enterprise value$14.72B+8.0%

P/S0.4×+0.1×

Profitability

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Gross margin-2.9%—

Operating margin-6.6%-0.2pp

Net margin-6.2%0.0pp

FCF margin-5.3%-0.3pp

Returns & leverage

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Return on equity-19.3%+3.1pp

Debt / equity1.3×+0.1×

Current ratio2×-0.1×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

The official record: Cleveland-Cliffs’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cleveland-Cliffs's change in AP?: Cleveland-Cliffs (CLF) reported change in AP of $41M in Q1 2026.
How has Cleveland-Cliffs's change in AP changed year-over-year?: Cleveland-Cliffs's change in AP decreased by 33.9% year-over-year, from $62M to $41M.
What is the long-term trend for Cleveland-Cliffs's change in AP?: Over 4 years (2021 to 2025), Cleveland-Cliffs's change in AP has grown at a -35.7% compound annual growth rate (CAGR), from $457M to -$78M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.