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SG&A at other companies

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Segments

By segment

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Steelmaking$147M+13.1%
Other Businesses$7M0.0%
Eliminations$0

Other financials

Income statement

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Revenue$5.2B+5.9%
Gross profit$132.0M+162%
Operating income-$49.0M+90.2%
Net income-$134.0M+71.7%
EPS (diluted)-$0.25+74.5%

Balance sheet

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Cash & equivalents$70.0M+14.8%
Total debt$7.7B-0.3%
Total equity$5.6B-3.7%
Total assets$20.1B-1.7%

Cash flow

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Operating cash flow-$325.0M+7.4%
CapEx$157.0M+40.2%
Free cash flow-$477.0M+5.2%

Valuation

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Market cap$7.22B+55.7%
Enterprise value$14.85B+20.7%
P/S0.4×+0.1×

Profitability

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Gross margin-1.1%
Operating margin-4.2%-1.5pp
Net margin-4.3%-1.5pp
FCF margin-5.3%-0.3pp

Returns & leverage

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Return on equity-14.6%-4.3pp
Debt / equity1.4×0.0×
Current ratio1.9×-0.2×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The source filing: Cleveland-Cliffs’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000764065-26-000100
(In millions, except per share amounts)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues$5,226$4,934$10,148$9,563
Operating costs:
Cost of goods sold(5,094)(5,146)(10,098)(10,171)
Selling, general and administrative expenses(154)(137)(279)(270)
Restructuring and other charges(3)(86)(3)(89)
Asset impairment(39)(39)
Miscellaneous – net(24)(27)(30)(38)
Total operating costs(5,275)(5,435)(10,410)(10,607)

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's SG&A?
Cleveland-Cliffs (CLF) reported SG&A of $154M in Q2 2026.
How has Cleveland-Cliffs's SG&A changed year-over-year?
Cleveland-Cliffs's SG&A increased by 12.4% year-over-year, from $137M to $154M.
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.

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