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Cleveland-Cliffs CLF Steelmaking — Total Assets

Other segment segments

Other Businesses
$590M-5.3%
Eliminations
$0

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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:Assets.

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)June 30,2026December 31,2025
Assets:
Steelmaking$19,525$19,416
Other Businesses590596
Total segment assets$20,115$20,012

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's steelmaking — total assets?
Cleveland-Cliffs (CLF) reported steelmaking — total assets of $19.53B in Q2 2026.
How has Cleveland-Cliffs's steelmaking — total assets changed year-over-year?
Cleveland-Cliffs's steelmaking — total assets decreased by 1.6% year-over-year, from $19.85B to $19.53B.
What is the long-term trend for Cleveland-Cliffs's steelmaking — total assets?
Over 4 years (2021 to 2025), Cleveland-Cliffs's steelmaking — total assets has grown at a 3.5% compound annual growth rate (CAGR), from $69B to $79.13B.
What does steelmaking — total assets mean?
The aggregate value of all resources, including inventory, machinery, and receivables, controlled by the steelmaking segment. This metric provides insight into the scale of operations and the asset base required to support the segment's revenue generation.

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