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Cleveland-Cliffs CLF Hot-rolled steel — Revenue

Other product segments

Coated steel
$1.43B+5.1%
Plate
$1.08B-3.6%
Cold-rolled steel
$637M+7.8%
Other
$617M+7.7%
Stainless and electrical steel
$465M+4.7%
Plate steel
$254M+2.8%
Other steel products
$108M-56.3%

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$2.79B+15.8%
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$2.79B+26.3%
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$6.04B+23.0%
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NUEOther Steel Products — Revenue
$988M+15.3%
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RSCarbon Steel — Revenue
$2.22B+16.5%

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:Revenues.

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 hot-rolled steel — revenue?
Cleveland-Cliffs (CLF) reported hot-rolled steel — revenue of $1.41B in Q1 2026.
How has Cleveland-Cliffs's hot-rolled steel — revenue changed year-over-year?
Cleveland-Cliffs's hot-rolled steel — revenue increased by 20.9% year-over-year, from $1.17B to $1.41B.
What is the long-term trend for Cleveland-Cliffs's hot-rolled steel — revenue?
Over 4 years (2021 to 2025), Cleveland-Cliffs's hot-rolled steel — revenue has grown at a -3.9% compound annual growth rate (CAGR), from $5.59B to $4.77B.
What does hot-rolled steel — revenue mean?
This metric represents the total gross sales generated from the sale of hot-rolled steel products to external customers. It serves as a primary indicator of market demand and pricing power for the company's core flat-rolled steel offerings. Tracking this revenue stream helps investors assess the segment's contribution to overall top-line performance and its sensitivity to industrial steel market cycles.