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Cleveland-Cliffs CLF Plate steel — Revenue

Other product segments

Hot-rolled steel
$1.54B+15.5%
Coated steel
$1.53B+10.1%
Plate
$1.08B-3.6%
Other
$701M+20.9%
Cold-rolled steel
$660M+2.3%
Stainless and electrical steel
$525M+21.0%
Other steel products
$108M-56.3%

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NUEOther Steel Products — Revenue
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$6.04B+23.0%
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NUESteel Products — Revenue
$2.79B+15.8%
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STLDSteel Operations — Revenue
$4.14B+22.3%
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STLDSteel Fabrication Operations — Revenue
$393.86M+15.6%

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:Revenues.

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)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cold-rolled steel6606451,2971,236
Coated steel1,5321,3922,9632,753
Stainless and electrical steel525434990878
Plate steel253275507522
Other steel products16276124523
Other527417979828
Total Steelmaking5,0524,7719,8099,238
Other Businesses

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's plate steel — revenue?
Cleveland-Cliffs (CLF) reported plate steel — revenue of $253M in Q2 2026.
How has Cleveland-Cliffs's plate steel — revenue changed year-over-year?
Cleveland-Cliffs's plate steel — revenue decreased by 8.0% year-over-year, from $275M to $253M.
What does plate steel — revenue mean?
This metric represents the total gross sales generated from the sale of plate steel products to external customers. It reflects the company's market position and demand within the heavy industrial, infrastructure, and construction sectors. Monitoring this revenue stream provides insight into the performance of the company's specialized steel manufacturing capabilities and its ability to capture value from high-strength steel applications.

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