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Cleveland-Cliffs CLF Steelmaking — Goodwill

Other segment segments

Other Businesses
$49M0.0%

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$2.82B+0.3%
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STLDMetals Recycling Operations — Goodwill
$189.41M0.0%

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:Goodwill.

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 steelmaking — goodwill?
Cleveland-Cliffs (CLF) reported steelmaking — goodwill of $1.75B in Q1 2026.
How has Cleveland-Cliffs's steelmaking — goodwill changed year-over-year?
Cleveland-Cliffs's steelmaking — goodwill increased by 1.9% year-over-year, from $1.72B to $1.75B.
What is the long-term trend for Cleveland-Cliffs's steelmaking — goodwill?
Over 4 years (2021 to 2025), Cleveland-Cliffs's steelmaking — goodwill has grown at a 18.4% compound annual growth rate (CAGR), from $3.56B to $7B.
What does steelmaking — goodwill mean?
Represents the intangible asset value arising from the acquisition of steelmaking-related businesses, reflecting the premium paid over the fair value of net identifiable assets. It serves as an indicator of past inorganic growth strategies and is subject to periodic impairment testing.