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Cleveland-Cliffs CLF Steelmaking — Selling, General and Administrative Expense

Other segment segments

Other Businesses
$8M+14.3%
Eliminations
$0

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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:SellingGeneralAndAdministrativeExpense.

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 — selling, general and administrative expense?
Cleveland-Cliffs (CLF) reported steelmaking — selling, general and administrative expense of $117M in Q1 2026.
How has Cleveland-Cliffs's steelmaking — selling, general and administrative expense changed year-over-year?
Cleveland-Cliffs's steelmaking — selling, general and administrative expense decreased by 7.1% year-over-year, from $126M to $117M.
What is the long-term trend for Cleveland-Cliffs's steelmaking — selling, general and administrative expense?
Over 3 years (2022 to 2025), Cleveland-Cliffs's steelmaking — selling, general and administrative expense has grown at a 5.5% compound annual growth rate (CAGR), from $439M to $516M.
What does steelmaking — selling, general and administrative expense mean?
Captures the indirect costs required to operate the steelmaking segment, including administrative salaries, marketing, and corporate overhead allocations. It serves as a measure of the segment's operational discipline and the scalability of its management structure.