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Cleveland-Cliffs CLF Other Businesses — Selling, General and Administrative Expense

Other segment segments

Steelmaking
$147M+13.1%
Eliminations
$0

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Other financials

Income statement

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Revenue$5.2B+5.9%
Gross profit$132.0M+162%
Operating income-$49.0M+90.2%
Net income-$134.0M+71.7%
EPS (diluted)-$0.25+74.5%

Balance sheet

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Cash & equivalents$70.0M+14.8%
Total debt$7.7B-0.3%
Total equity$5.6B-3.7%
Total assets$20.1B-1.7%

Cash flow

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Operating cash flow-$325.0M+7.4%
CapEx$157.0M+40.2%
Free cash flow-$477.0M+5.2%

Valuation

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Market cap$7.22B+55.7%
Enterprise value$14.85B+20.7%
P/S0.4×+0.1×

Profitability

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Gross margin-1.1%
Operating margin-4.2%-1.5pp
Net margin-4.3%-1.5pp
FCF margin-5.3%-0.3pp

Returns & leverage

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Return on equity-14.6%-4.3pp
Debt / equity1.4×0.0×
Current ratio1.9×-0.2×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The source filing: Cleveland-Cliffs’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000764065-26-000100
(In millions)SteelmakingOther BusinessesEliminationsTotal
Revenues$5,096$177$(47)$5,226
Cost of goods sold(4,983)(158)47(5,094)
Selling, general and administrative expenses(147)(7)(154)
Net periodic benefit credits other than service cost component6464
Excluding depreciation, depletion and amortization2548262
Other segment items1(16)(2)(18)
Total Adjusted EBITDA$268$18$286
Interest expense, net(156)

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's other businesses — selling, general and administrative expense?
Cleveland-Cliffs (CLF) reported other businesses — selling, general and administrative expense of $7M in Q2 2026.
How has Cleveland-Cliffs's other businesses — selling, general and administrative expense changed year-over-year?
Cleveland-Cliffs's other businesses — selling, general and administrative expense decreased by 0.0% year-over-year, from $7M to $7M.
What is the long-term trend for Cleveland-Cliffs's other businesses — selling, general and administrative expense?
Over 3 years (2022 to 2025), Cleveland-Cliffs's other businesses — selling, general and administrative expense has grown at a 2.5% compound annual growth rate (CAGR), from $26M to $28M.
What does other businesses — selling, general and administrative expense mean?
This captures the indirect operating expenses incurred to support the segment's administrative and sales functions. It provides insight into the overhead required to maintain the segment's business operations.

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