Cleveland-Cliffs CLF Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue by Business | |||||
| Eliminations | -$110M-20.9% | -$91M-11.0% | -$82M-3.8% | -$79M— | |
| Other Businesses | $657M+0.2% | $656M-1.4% | $665M+9.7% | $606M+11.6% | |
| Steelmaking | $18.06B-3.0% | $18.62B-13.0% | $21.41B-4.7% | $22.46B+12.9% | |
| Segment Reporting, Other Segment Item, Amount by Business | |||||
| Eliminations | $0— | $0— | $0— | $0— | |
| Other Businesses | $1M— | $0+100% | -$2M-133% | $6M— | |
| Steelmaking | -$18M— | —— | -$78M+42.6% | -$136M— | |
| Total Assets by Business | |||||
| Other Businesses | $2.48B-3.8% | $2.58B+24.0% | $2.08B+15.2% | $1.81B+41.6% | |
| Steelmaking | $79.13B+13.6% | $69.66B-0.8% | $70.2B-6.5% | $75.06B+8.8% | |
| Cost of Product and Service Sold by Business | |||||
| Eliminations | -$110M-14.6% | -$96M-24.7% | -$77M+14.4% | -$90M— | |
| Other Businesses | $608M+0.3% | $606M-3.3% | $627M+12.6% | $557M— | |
| Steelmaking | $18.97B+1.9% | $18.61B-7.3% | $20.07B+0.3% | $20B— | |
| Adjusted EBITDA by Business | |||||
| Eliminations | $0-100% | $5M+200% | -$5M-145% | $11M— | |
| Other Businesses | $53M0.0% | $53M+23.3% | $43M-37.7% | $69M— | |
| Steelmaking | -$13M— | —— | $1.86B-39.9% | $3.09B-41.5% | |
| Selling, General and Administrative Expense by Business | |||||
| Eliminations | $0— | $0— | $0— | $0— | |
| Other Businesses | $28M-3.4% | $29M+3.6% | $28M+7.7% | $26M— | |
| Steelmaking | $516M+12.9% | $457M-16.8% | $549M+25.1% | $439M— | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit) by Business | |||||
| Eliminations | $0— | $0— | $0— | $0— | |
| Other Businesses | $0— | $0— | $0— | $0— | |
| Steelmaking | -$223M+9.7% | -$247M-21.1% | -$204M+3.8% | -$212M— | |
| Depreciation, depletion and amortization by Business | |||||
| Eliminations | $0— | $0— | $0— | $0— | |
| Other Businesses | $31M-3.1% | $32M-8.6% | $35M-12.5% | $40M— | |
| Steelmaking | $1.2B+31.0% | $919M-2.0% | $938M-5.6% | $994M— | |
| Foreign currency translation by Business | |||||
| Other Businesses | $0— | $0— | —— | —— | |
| Steelmaking | $36M+257% | -$23M— | —— | —— | |
| Capital additions by Business | |||||
| Eliminations | $0— | $0— | $0— | $0-100% | |
| Other Businesses | $10M+100% | $5M+66.7% | $3M-90.0% | $30M-42.3% | |
| Steelmaking | $670M-17.5% | $812M+3.8% | $782M-22.0% | $1B+27.4% | |
| Stelco Acquisition by Business | |||||
| Other Businesses | $0— | $0— | —— | —— | |
| Steelmaking | $16M-98.0% | $786M— | —— | —— | |
| Goodwill by Business | |||||
| Other Businesses | $196M0.0% | $196M-65.7% | $571M-18.0% | $696M0.0% | |
| Steelmaking | $7B+52.5% | $4.59B+20.0% | $3.82B-0.7% | $3.85B+8.3% | |
| Revenue by Product | |||||
| Coated steel | $5.43B-5.9% | $5.77B-13.3% | $6.66B-3.5% | $6.91B+18.1% | |
| Cold-rolled steel | $2.4B-11.4% | $2.71B+2.0% | $2.66B-16.8% | $3.19B+0.6% | |
| Hot-rolled steel | $4.77B+11.6% | $4.28B-12.1% | $4.86B+7.4% | $4.53B-19.0% | |
| Other | $2.3B-0.9% | $2.32B-15.9% | $2.76B-6.0% | $2.94B+77.4% | |
| Plate | $1.08B-3.6% | $1.12B-22.5% | $1.44B-12.5% | $1.65B+25.5% | |
| Stainless and electrical steel | $1.75B-3.3% | $1.81B-20.8% | $2.28B-0.1% | $2.28B+40.8% | |
| Revenue by Geography | |||||
| Canada | $2.07B+94.1% | $1.07B+2.0% | $1.05B+8.6% | $963M+19.9% | |
| Other countries | $652M-16.2% | $778M-18.1% | $950M-8.2% | $1.04B+36.2% | |
| United States | $15.89B-8.4% | $17.34B-13.3% | $20B-4.7% | $20.99B+11.2% |
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.
