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Cleveland-Cliffs CLF Eliminations — Capital additions

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Steelmaking
$124M+0.8%
Other Businesses
$2M-66.7%

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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 ratio-0.1×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

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 eliminations — capital additions?
Cleveland-Cliffs (CLF) reported eliminations — capital additions of $0 in Q1 2026.
What is the long-term trend for Cleveland-Cliffs's eliminations — capital additions?
Over 4 years (2021 to 2025), Cleveland-Cliffs's eliminations — capital additions has grown at a -100.0% compound annual growth rate (CAGR), from $18M to $0.
What does eliminations — capital additions mean?
This metric reflects the elimination of intercompany capital expenditure transfers or internal asset reclassifications. It ensures that the total capital investment reported at the consolidated level accurately reflects external spending on property, plant, and equipment. It is used to prevent the inflation of capital expenditure figures due to internal asset movements.