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Cleveland-Cliffs CLF Plate — Revenue

Other product segments

Coated steel
$1.43B+5.1%
Hot-rolled steel
$1.41B+20.9%
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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STLDTotal Revenue
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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:Revenues.

The official record: Cleveland-Cliffs’s 10-K, filed February 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cleveland-Cliffs's plate — revenue?
Cleveland-Cliffs (CLF) reported plate — revenue of $269.75M in Q4 2025.
How has Cleveland-Cliffs's plate — revenue changed year-over-year?
Cleveland-Cliffs's plate — revenue decreased by 3.6% year-over-year, from $279.75M to $269.75M.
What is the long-term trend for Cleveland-Cliffs's plate — revenue?
Over 4 years (2021 to 2025), Cleveland-Cliffs's plate — revenue has grown at a -4.8% compound annual growth rate (CAGR), from $1.32B to $1.08B.
What does plate — revenue mean?
This metric represents the total gross revenue generated from the sale of steel plate products within a specific business segment. It reflects the market demand and pricing power for heavy-gauge steel used in infrastructure, construction, and industrial applications. Tracking this revenue helps investors assess the segment's contribution to the overall top-line performance and its sensitivity to industrial cycle fluctuations.