What is Cleveland-Cliffs's PP&E (net)?

Cleveland-Cliffs (CLF) reported PP&E (net) of $9.35B in Q1 2026.

How has Cleveland-Cliffs's PP&E (net) changed year-over-year?

Cleveland-Cliffs's PP&E (net) decreased by 4.6% year-over-year, from $9.8B to $9.35B.

What is the long-term trend for Cleveland-Cliffs's PP&E (net)?

Over 5 years (2020 to 2025), Cleveland-Cliffs's PP&E (net) has grown at a 1.6% compound annual growth rate (CAGR), from $8.74B to $9.48B.

What does PP&E (net) mean?

Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

Cleveland-Cliffs CLF PP&E (Net)

PP&E (Net) at other companies

Commercial MetalsCMC

$3.25B+24.0%

NucorNUE

$15.6B+13.4%

Steel DynamicsSTLD

$8.55B+2.7%

RelianceRS

$2.63B+2.2%

AlcoaAA

$6.86B+5.6%

Eagle MaterialsEXP

——

Segments

By geography

See full

United States$8.62B-2.2%

Canada$1.32B+1,591%

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

See full

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

See full

Gross margin-2.9%—

Operating margin-6.6%-0.2pp

Net margin-6.2%0.0pp

FCF margin-5.3%-0.3pp

Returns & leverage

See full

Return on equity-19.3%+3.1pp

Debt / equity1.3×+0.1×

Current ratio2×-0.1×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentNet.

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 PP&E (net)?: Cleveland-Cliffs (CLF) reported PP&E (net) of $9.35B in Q1 2026.
How has Cleveland-Cliffs's PP&E (net) changed year-over-year?: Cleveland-Cliffs's PP&E (net) decreased by 4.6% year-over-year, from $9.8B to $9.35B.
What is the long-term trend for Cleveland-Cliffs's PP&E (net)?: Over 5 years (2020 to 2025), Cleveland-Cliffs's PP&E (net) has grown at a 1.6% compound annual growth rate (CAGR), from $8.74B to $9.48B.
What does PP&E (net) mean?: Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.