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Cleveland-Cliffs CLF Plate steel — Revenue

Other product segments

Coated steel
$1.43B+5.1%
Hot-rolled steel
$1.41B+20.9%
Plate
$1.08B-3.6%
Cold-rolled steel
$637M+7.8%
Other
$617M+7.7%
Stainless and electrical steel
$465M+4.7%
Other steel products
$108M-56.3%

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CMCSteel products — Net Sales
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NUESheet — Revenue
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NUEOther Steel Products — 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-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cleveland-Cliffs's plate steel — revenue?
Cleveland-Cliffs (CLF) reported plate steel — revenue of $254M in Q1 2026.
How has Cleveland-Cliffs's plate steel — revenue changed year-over-year?
Cleveland-Cliffs's plate steel — revenue increased by 2.8% year-over-year, from $247M to $254M.
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.