Cleveland-Cliffs Operating Income 2012-2026 | CLF

Cleveland-Cliffs annual/quarterly operating income history and growth rate from 2012 to 2026. Operating income can be defined as income after operating expenses have been deducted and before interest payments and taxes have been deducted.
  • Cleveland-Cliffs operating income for the quarter ending June 30, 2026 was $-49M, a 90.22% decline year-over-year.
  • Cleveland-Cliffs operating income for the twelve months ending June 30, 2026 was $-0.797B, a 55.1% decline year-over-year.
  • Cleveland-Cliffs annual operating income for 2025 was $-1.579B, a 106.95% increase from 2024.
  • Cleveland-Cliffs annual operating income for 2024 was $-0.763B, a 215.78% decline from 2023.
  • Cleveland-Cliffs annual operating income for 2023 was $0.659B, a 66.01% decline from 2022.
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Cleveland-Cliffs Annual Operating Income
(Millions of US $)
2025 $-1,579
2024 $-763
2023 $659
2022 $1,939
2021 $4,012
2020 $-142
2019 $429
2018 $673
2017 $390
2016 $131
2015 $151
2014 $130
2013 $1,380
2012 $-309
2011 $2,297
Cleveland-Cliffs Quarterly Operating Income
(Millions of US $)
2026-06-30 $-49
2026-03-31 $-213
2025-12-31 $-331
2025-09-30 $-204
2025-06-30 $-501
2025-03-31 $-543
2024-12-31 $-470
2024-09-30 $-261
2024-06-30 $6
2024-03-31 $-38
2023-12-31 $-118
2023-09-30 $325
2023-06-30 $483
2023-03-31 $-31
2022-12-31 $-182
2022-09-30 $187
2022-06-30 $840
2022-03-31 $1,094
2021-12-31 $1,119
2021-09-30 $1,649
2021-06-30 $1,067
2021-03-31 $177
2020-12-31 $107
2020-09-30 $38
2020-06-30 $-208
2020-03-31 $-79
2019-12-31 $81
2019-09-30 $122
2019-06-30 $227
2019-03-31 $-1
2018-12-31 $163
2018-09-30 $226
2018-06-30 $254
2018-03-31 $30
2017-12-31 $66
2017-09-30 $129
2017-06-30 $115
2017-03-31 $80
2016-12-31 $22
2016-09-30 $35
2016-06-30 $75
2016-03-31 $0
2015-12-31 $25
2015-09-30 $29
2015-06-30 $26
2015-03-31 $72
2014-12-31 $-6
2014-09-30 $-143
2014-06-30 $139
2014-03-31 $139
2013-12-31 $726
2013-09-30 $224
2013-06-30 $262
2013-03-31 $168
2012-12-31 $-970
2012-09-30 $76
2012-06-30 $362
2012-03-31 $223
2011-12-31 $320
2011-09-30 $817
Sector Industry Market Cap Revenue
Basic Materials Steel Producers $7.132B $18.610B
Cleveland-Cliffs Inc. is the largest producer of iron ore pellets in North America. It is also the biggest flat-rolled steel producer in the region. The company is a major producer of iron ore pellets and it mainly sells products to integrated steel companies through this division in the United States and Canada. Cleveland-Cliffs updated its segment structure following the ArcelorMittal USA buyout and now has one reportable segment, Steelmaking. The earlier Mining and Pelletizing division is now included within Steelmaking while other remaining operating segments including Tooling and Stamping are classified as Other Businesses. The company's Steelmaking operations makes flat-rolled carbon, stainless, electrical, plate, tinplate and long steel products. It provides carbon and stainless-steel tubing products, die design and tooling, as well as hot and cold-stamped components.
Stock Name Country Market Cap PE Ratio
Nucor (NUE) United States $56.351B 19.98
ArcelorMittal (MT) Luxembourg $56.211B 23.25
Steel Dynamics (STLD) United States $33.719B 21.12
Nippon Steel & Sumitomo Metal (NPSCY) Japan $24.128B 0.00
Ternium S.A (TX) Luxembourg $11.473B 16.08
SSAB (SSAAY) Sweden $11.102B 18.57
ThyssenKrupp AG (TKAMY) Germany $10.901B 15.50
ThyssenKrupp AG (TYEKF) Germany $10.770B 15.31
Gerdau S.A (GGB) Brazil $9.698B 11.76
Commercial Metals (CMC) United States $7.135B 10.57
Acerinox (ANIOY) Spain $4.967B 76.61
Aperam (APEMY) Luxembourg $3.879B 44.54
Salzgitter AG (SZGPY) Germany $3.245B 50.00
Outokumpu (OUTKY) Finland $2.829B 0.00
Jfe Holdings (JFEEF) Japan $2.182B 12.97
National Steel (SID) Brazil $1.459B 0.00
Usinas Siderurgicas De Minas Gerais SA (USNZY) Brazil $0.767B 7.37
Olympic Steel (ZEUS) United States $0.536B 46.47
Algoma Steel Group (ASTL) Canada $0.449B 0.00
L.B Foster (FSTR) United States $0.394B 30.17
ZK Group (ZKIN) China $0.007B 0.00
Mechel PAO (MTL) Russia $0.000B 0.00