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Cleveland-Cliffs CLF United States — Property, plant and equipment, net

Other geography segments

Canada
$1.32B+1,591%

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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:PropertyPlantAndEquipmentNet.

The source filing: Cleveland-Cliffs’s 10-K, filed February 9, 2026.

Filed
Feb 9, 2026, 4:28 PM EST
Fiscal year
FY2025
Accession
0000764065-26-000025
(In millions)Year Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Canada2,0711,0671,046
Other countries652778950
Total revenues$18,610$19,185$21,996
Property, plant and equipment, net:
United States$8,173$8,622$8,816
Canada1,3071,31978
Other countries111
Total property, plant and equipment, net$9,481$9,942$8,895

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's united states — property, plant and equipment, net?
Cleveland-Cliffs (CLF) reported united states — property, plant and equipment, net of $8.17B in Q4 2025.
How has Cleveland-Cliffs's united states — property, plant and equipment, net changed year-over-year?
Cleveland-Cliffs's united states — property, plant and equipment, net decreased by 5.2% year-over-year, from $8.62B to $8.17B.
What does united states — property, plant and equipment, net mean?
This metric represents the net book value of long-term tangible assets located within the United States, calculated as the original cost of property, plant, and equipment minus accumulated depreciation and impairment charges. It serves as a proxy for the capital intensity and the scale of the physical production infrastructure required to support domestic operations. Monitoring this balance provides insight into the company's investment in domestic manufacturing capacity and the age profile of its industrial asset base.

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