What is Cleveland-Cliffs's SG&A?

Cleveland-Cliffs (CLF) reported SG&A of $125M in Q1 2026.

How has Cleveland-Cliffs's SG&A changed year-over-year?

Cleveland-Cliffs's SG&A decreased by 6.0% year-over-year, from $133M to $125M.

What is the long-term trend for Cleveland-Cliffs's SG&A?

Over 4 years (2021 to 2025), Cleveland-Cliffs's SG&A has grown at a 6.6% compound annual growth rate (CAGR), from $422M to $544M.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Cleveland-Cliffs CLF SG&A

SG&A at other companies

Commercial MetalsCMC

$233.17M+39.2%

NucorNUE

$378M+34.5%

Steel DynamicsSTLD

$175.22M-3.6%

RelianceRS

$734.8M+6.5%

AlcoaAA

$83M+16.9%

MP MaterialsMP

$33.64M+39.2%

Segments

By segment

See full

Steelmaking$117M-7.1%

Other Businesses$8M+14.3%

Eliminations$0—

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

See full

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

See full

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:SellingGeneralAndAdministrativeExpense.

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 SG&A?: Cleveland-Cliffs (CLF) reported SG&A of $125M in Q1 2026.
How has Cleveland-Cliffs's SG&A changed year-over-year?: Cleveland-Cliffs's SG&A decreased by 6.0% year-over-year, from $133M to $125M.
What is the long-term trend for Cleveland-Cliffs's SG&A?: Over 4 years (2021 to 2025), Cleveland-Cliffs's SG&A has grown at a 6.6% compound annual growth rate (CAGR), from $422M to $544M.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.