Cleveland-Cliffs CLF Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Eliminations | -$124M-12.7% | -$110M+1.8% | -$112M-3.7% | -$108M-16.1% | -$93M-2.2% | |
| Other Businesses | $662M+0.8% | $657M+0.3% | $655M+3.6% | $632M-2.2% | $646M-1.5% | |
| Steelmaking | $18.37B+1.7% | $18.06B-0.1% | $18.08B+0.8% | $17.93B-0.7% | $18.06B-3.0% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Eliminations | $0— | $0— | $0— | $0— | $0— | |
| Other Businesses | $3M+200% | $1M-50.0% | $2M— | $0+100% | -$1M— | |
| Steelmaking | -$52M-189% | -$18M— | —— | —— | —— | |
| Total Assets by Business | ||||||
| Other Businesses | $2.45B-1.3% | $2.48B-1.0% | $2.51B-0.4% | $2.52B-1.7% | $2.56B-0.9% | |
| Steelmaking | $78.44B-0.9% | $79.13B-1.1% | $80.04B+4.5% | $76.61B+4.8% | $73.12B+5.0% | |
| Cost of Product and Service Sold by Business | ||||||
| Eliminations | -$124M-12.7% | -$110M+2.7% | -$113M-2.7% | -$110M-14.6% | -$96M0.0% | |
| Other Businesses | $609M+0.2% | $608M-0.7% | $612M+3.9% | $589M-2.2% | $602M-0.7% | |
| Steelmaking | $18.96B0.0% | $18.97B-0.4% | $19.05B+0.4% | $18.96B+1.3% | $18.72B+0.6% | |
| Adjusted EBITDA by Business | ||||||
| Eliminations | $0— | $0-100% | $1M-50.0% | $2M-33.3% | $3M-40.0% | |
| Other Businesses | $58M+9.4% | $53M+10.4% | $48M+9.1% | $44M-4.3% | $46M-13.2% | |
| Steelmaking | $256M+2,069% | -$13M— | —— | —— | —— | |
| Selling, General and Administrative Expense by Business | ||||||
| Eliminations | $0— | $0— | $0— | $0— | $0— | |
| Other Businesses | $29M+3.6% | $28M-3.4% | $29M0.0% | $29M0.0% | $29M0.0% | |
| Steelmaking | $507M-1.7% | $516M+1.2% | $510M+3.7% | $492M+7.4% | $458M+0.2% | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit) by Business | ||||||
| Eliminations | $0— | $0— | $0— | $0— | $0— | |
| Other Businesses | $0— | $0— | $0— | $0— | $0— | |
| Steelmaking | -$230M-3.1% | -$223M-1.4% | -$220M+2.2% | -$225M+7.8% | -$244M+1.2% | |
| Depreciation, depletion and amortization by Business | ||||||
| Eliminations | $0— | $0— | $0— | $0— | $0— | |
| Other Businesses | $31M0.0% | $31M-3.1% | $32M+6.7% | $30M-6.3% | $32M0.0% | |
| Steelmaking | $1.18B-1.9% | $1.2B+1.3% | $1.19B+4.5% | $1.14B+17.2% | $971M+5.7% | |
| Foreign currency translation by Business | ||||||
| Other Businesses | $0— | $0— | $0— | $0— | $0— | |
| Steelmaking | $13M-63.9% | $36M+69.4% | $21.25M+227% | $6.5M+179% | -$8.25M+64.1% | |
| Capital additions by Business | ||||||
| Eliminations | $0— | $0— | $0— | $0— | $0— | |
| Other Businesses | $6M-40.0% | $10M-16.7% | $12M+20.0% | $10M0.0% | $10M+100% | |
| Steelmaking | $671M+0.1% | $670M-9.0% | $736M-0.8% | $742M-4.7% | $779M-4.1% | |
| Goodwill by Business | ||||||
| Other Businesses | $196M0.0% | $196M0.0% | $196M0.0% | $196M0.0% | $196M0.0% | |
| Steelmaking | $7.03B+0.5% | $7B+0.7% | $6.95B+12.8% | $6.16B+15.1% | $5.35B+16.6% | |
| Revenue by Product | ||||||
| Coated steel | $5.5B+1.3% | $5.43B+0.2% | $5.42B+1.2% | $5.36B-2.8% | $5.51B-4.5% | |
| Cold-rolled steel | $2.45B+1.9% | $2.4B-2.1% | $2.45B-1.4% | $2.49B-2.6% | $2.55B-5.8% | |
| Hot-rolled steel | $5.01B+5.1% | $4.77B+2.6% | $4.65B+2.6% | $4.53B+5.0% | $4.31B+0.9% | |
| Other | $2.34B+1.9% | $2.3B-0.9% | $2.32B+1.0% | $2.3B-1.1% | $2.32B+0.1% | |
| Stainless and electrical steel | $1.77B+1.2% | $1.75B-0.7% | $1.76B+1.0% | $1.74B-2.6% | $1.79B-0.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Cleveland-Cliffs break its business down?
- Cleveland-Cliffs (CLF) reports revenue by business across 3 parts — Eliminations, Other Businesses and Steelmaking. Each is extracted from the segment footnotes and tracked over time.
- Where does Cleveland-Cliffs's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Cleveland-Cliffs's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
