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-33.3% | -$110M-20.9% | -$112M-26.6% | -$108M-21.3% | -$93M-6.3% | |
| Other Businesses | $662M+2.5% | $657M+0.2% | $655M-0.3% | $632M-5.5% | $646M-3.3% | |
| Steelmaking | $18.37B+1.7% | $18.06B-3.0% | $18.08B-7.1% | $17.93B-12.4% | $18.06B-15.4% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Eliminations | $0— | $0— | $0— | $0— | $0— | |
| Other Businesses | $3M+400% | $1M— | $2M+180% | $0+100% | -$1M-100% | |
| Steelmaking | -$52M— | -$18M— | —— | —— | —— | |
| Total Assets by Business | ||||||
| Other Businesses | $2.45B-4.3% | $2.48B-3.8% | $2.51B-4.3% | $2.52B-10.1% | $2.56B+5.4% | |
| Steelmaking | $78.44B+7.3% | $79.13B+13.6% | $80.04B+20.9% | $76.61B+13.6% | $73.12B+6.1% | |
| Cost of Product and Service Sold by Business | ||||||
| Eliminations | -$124M-29.2% | -$110M-14.6% | -$113M-23.8% | -$110M-25.7% | -$96M-12.0% | |
| Other Businesses | $609M+1.2% | $608M+0.3% | $612M-0.3% | $589M-6.6% | $602M-4.0% | |
| Steelmaking | $18.96B+1.3% | $18.97B+1.9% | $19.05B-0.5% | $18.96B-3.3% | $18.72B-5.6% | |
| Adjusted EBITDA by Business | ||||||
| Eliminations | $0-100% | $0-100% | $1M-63.6% | $2M+233% | $3M+271% | |
| Other Businesses | $58M+26.1% | $53M0.0% | $48M-11.1% | $44M-20.0% | $46M-11.5% | |
| Steelmaking | $256M— | -$13M— | —— | —— | —— | |
| Selling, General and Administrative Expense by Business | ||||||
| Eliminations | $0— | $0— | $0— | $0— | $0— | |
| Other Businesses | $29M0.0% | $28M-3.4% | $29M+3.6% | $29M+3.6% | $29M+3.6% | |
| Steelmaking | $507M+10.7% | $516M+12.9% | $510M+10.1% | $492M-0.7% | $458M-14.7% | |
| 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+5.7% | -$223M+9.7% | -$220M+6.4% | -$225M-0.4% | -$244M-14.6% | |
| Depreciation, depletion and amortization by Business | ||||||
| Eliminations | $0— | $0— | $0— | $0— | $0— | |
| Other Businesses | $31M-3.1% | $31M-3.1% | $32M0.0% | $30M-9.1% | $32M0.0% | |
| Steelmaking | $1.18B+21.6% | $1.2B+31.0% | $1.19B+32.7% | $1.14B+25.2% | $971M+4.5% | |
| Foreign currency translation by Business | ||||||
| Other Businesses | $0— | $0— | $0— | $0— | $0— | |
| Steelmaking | $13M+258% | $36M+257% | $21.25M— | $6.5M— | -$8.25M— | |
| Capital additions by Business | ||||||
| Eliminations | $0— | $0— | $0— | $0— | $0— | |
| Other Businesses | $6M-40.0% | $10M+100% | $12M+300% | $10M+233% | $10M+233% | |
| Steelmaking | $671M-13.9% | $670M-17.5% | $736M-11.6% | $742M-11.6% | $779M-3.9% | |
| Goodwill by Business | ||||||
| Other Businesses | $196M0.0% | $196M0.0% | $196M0.0% | $196M-38.9% | $196M-56.1% | |
| Steelmaking | $7.03B+31.4% | $7B+52.5% | $6.95B+81.7% | $6.16B+61.0% | $5.35B+39.9% | |
| Revenue by Product | ||||||
| Coated steel | $5.5B-0.2% | $5.43B-5.9% | $5.42B-10.4% | $5.36B-16.6% | $5.51B-17.3% | |
| Cold-rolled steel | $2.45B-4.2% | $2.4B-11.4% | $2.45B-10.8% | $2.49B-8.9% | $2.55B-7.7% | |
| Hot-rolled steel | $5.01B+16.2% | $4.77B+11.6% | $4.65B+6.6% | $4.53B-2.1% | $4.31B-11.4% | |
| Other | $2.34B+0.9% | $2.3B-0.9% | $2.32B-4.5% | $2.3B-9.5% | $2.32B-12.1% | |
| Stainless and electrical steel | $1.77B-1.2% | $1.75B-3.3% | $1.76B-8.0% | $1.74B-14.2% | $1.79B-17.4% |
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.
