Cleveland-Cliffs (CLF) Revenue & Revenue Breakdown

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Cleveland-Cliffs Revenue Highlights

Latest Revenue (Y)

$22.00B

Latest Revenue (Q)

$4.57B

Main Segment (Y)

Steelmaking

Main Geography (Y)

UNITED STATES

Cleveland-Cliffs Revenue by Period

Cleveland-Cliffs Revenue by Year

Date	Revenue	Change
2023-12-31	$22.00B	-4.32%
2022-12-31	$22.99B	12.45%
2021-12-31	$20.44B	281.85%
2020-12-31	$5.35B	169.06%
2019-12-31	$1.99B	-14.68%
2018-12-31	$2.33B	0.09%
2017-12-31	$2.33B	10.49%
2016-12-31	$2.11B	4.75%
2015-12-31	$2.01B	-56.46%
2014-12-31	$4.62B	-18.76%
2013-12-31	$5.69B	-3.09%
2012-12-31	$5.87B	-13.56%
2011-12-31	$6.79B	45.11%
2010-12-31	$4.68B	99.92%
2009-12-31	$2.34B	-35.11%
2008-12-31	$3.61B	58.63%
2007-12-31	$2.28B	18.40%
2006-12-31	$1.92B	10.47%
2005-12-31	$1.74B	44.15%
2004-12-31	$1.21B	40.69%
2003-12-31	$857.70M	43.28%
2002-12-31	$598.60M	81.17%
2001-12-31	$330.40M	-23.18%
2000-12-31	$430.10M	19.01%
1999-12-31	$361.40M	-26.81%
1998-12-31	$493.80M	12.51%
1997-12-31	$438.90M	-12.78%
1996-12-31	$503.20M	9.23%
1995-12-31	$460.70M	18.46%
1994-12-31	$388.90M	9.27%
1993-12-31	$355.90M	-

Cleveland-Cliffs generated $22.00B in revenue during NA 2023, up -4.32% compared to the previous quarter, and up 943.06% compared to the same period a year ago.

Cleveland-Cliffs Revenue by Quarter

Date	Revenue	Change
2024-09-30	$4.57B	-10.27%
2024-06-30	$5.09B	-2.06%
2024-03-31	$5.20B	1.70%
2023-12-31	$5.11B	-8.80%
2023-09-30	$5.61B	-6.33%
2023-06-30	$5.98B	13.01%
2023-03-31	$5.29B	4.98%
2022-12-31	$5.04B	-10.77%
2022-09-30	$5.65B	-10.79%
2022-06-30	$6.34B	6.41%
2022-03-31	$5.96B	11.39%
2021-12-31	$5.35B	-10.96%
2021-09-30	$6.00B	19.01%
2021-06-30	$5.04B	24.60%
2021-03-31	$4.05B	79.48%
2020-12-31	$2.26B	37.06%
2020-09-30	$1.65B	50.64%
2020-06-30	$1.09B	204.29%
2020-03-31	$359.10M	-32.77%
2019-12-31	$534.10M	-3.87%
2019-09-30	$555.60M	-25.24%
2019-06-30	$743.20M	373.38%
2019-03-31	$157.00M	-77.45%
2018-12-31	$696.30M	-6.13%
2018-09-30	$741.80M	3.85%
2018-06-30	$714.30M	198.87%
2018-03-31	$239.00M	-60.23%
2017-12-31	$600.90M	-13.96%
2017-09-30	$698.40M	22.68%
2017-06-30	$569.30M	23.33%
2017-03-31	$461.60M	-38.78%
2016-12-31	$754.00M	36.27%
2016-09-30	$553.30M	11.51%
2016-06-30	$496.20M	62.42%
2016-03-31	$305.50M	-35.82%
2015-12-31	$476.00M	-19.76%
2015-09-30	$593.20M	19.09%
2015-06-30	$498.10M	11.68%
2015-03-31	$446.00M	-65.28%
2014-12-31	$1.28B	-1.04%
2014-09-30	$1.30B	17.93%
2014-06-30	$1.10B	17.11%
2014-03-31	$940.00M	-37.99%
2013-12-31	$1.52B	-1.99%
2013-09-30	$1.55B	3.90%
2013-06-30	$1.49B	30.51%
2013-03-31	$1.14B	-25.74%
2012-12-31	$1.54B	-0.58%
2012-09-30	$1.54B	-4.99%
2012-06-30	$1.63B	28.57%
2012-03-31	$1.26B	-23.93%
2011-12-31	$1.66B	-22.41%
2011-09-30	$2.14B	18.66%
2011-06-30	$1.81B	52.62%
2011-03-31	$1.18B	-16.92%
2010-12-31	$1.42B	5.81%
2010-09-30	$1.35B	13.65%
2010-06-30	$1.18B	62.75%
2010-03-31	$727.70M	-11.31%
2009-12-31	$820.50M	23.12%
2009-09-30	$666.40M	70.74%
2009-06-30	$390.30M	-16.03%
2009-03-31	$464.80M	-49.27%
2008-12-31	$916.30M	-22.98%
2008-09-30	$1.19B	17.96%
2008-06-30	$1.01B	104.00%
2008-03-31	$494.40M	-36.82%
2007-12-31	$782.50M	-

Cleveland-Cliffs generated $4.57B in revenue during Q3 2024, up -10.27% compared to the previous quarter, and up 76.35% compared to the same period a year ago.

Cleveland-Cliffs Revenue Breakdown

Cleveland-Cliffs Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Steelmaking	$6.66B	$22.38B	$19.90B	$4.96B	-
Other businesses	$665.00M	$606.00M	$543.00M	$389.00M	-
Venture partners' cost reimbursements	-	-	-	-	-
Product	-	-	-	-	$1.85B
Cargo and Freight	-	-	-	-	$141.80M

Cleveland-Cliffs's latest annual revenue breakdown by segment (product or service), as of Dec 23: Steelmaking (90.92%), and Other businesses (9.08%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Steelmaking	$1.38B	$1.55B	-	$1.75B	$5.81B	$5.13B	$4.90B	$5.51B	$6.18B	$5.79B	$5.19B	$5.87B	$4.92B	$3.92B	-	-	-	-	-	-
Other Businesses	$150.00M	$177.00M	$162.00M	$176.00M	$169.00M	$142.00M	$161.00M	$161.00M	$135.00M	$123.00M	$130.00M	-	-	-	-	-	-	-	-	-
Other businesses	-	-	-	-	-	-	$142.00M	$155.00M	-	-	-	-	-	-	-	-	-	-	-	-
Steel and Manufacturing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.26B	$715.10M	$217.50M	-	-	-
Mining and Pelletizing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$357.10M	$349.70M	$131.30M	$743.20M	-	-
Cargo and Freight	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$43.80M	$40.60M	-
Product	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$490.30M	$515.00M	-
Metallics	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Cleveland-Cliffs's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Steelmaking (90.18%), and Other Businesses (9.82%).

Cleveland-Cliffs Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Other Countries	$950.00M	$1.03B	$760.00M	$172.00M	$36.60M
UNITED STATES	$20.00B	$20.99B	$18.88B	$4.58B	$1.51B
CANADA	$1.05B	$963.00M	$803.00M	$602.00M	$448.10M

Cleveland-Cliffs's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (90.93%), CANADA (4.76%), and Other Countries (4.32%).

Quarterly Revenue by Country

Country	Sep 20	Jun 20	Mar 20	Mar 18
Non-US	$265.00M	$176.00M	$46.70M	-
Asia Pacific Iron Ore	-	-	-	$59.00M

Cleveland-Cliffs's latest quarterly revenue breakdown by geography, as of Sep 20: Non-US (100.00%).

Cleveland-Cliffs Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PKX	POSCO	$77.13T	$18.10T
GGB	Gerdau	$68.92B	$16.21B
MT	ArcelorMittal	$68.28B	$16.28B
SID	Companhia Siderúrgica Nacional	$45.44B	$9.71B
NUE	Nucor	$34.71B	$7.44B
CLF	Cleveland-Cliffs	$22.00B	$4.57B
TX	Ternium	$19.03B	$4.74B
STLD	Steel Dynamics	$18.80B	$4.34B
X	United States Steel	$16.04B	$3.85B
RS	Reliance Steel & Aluminum	$14.81B	$3.42B
CMC	Commercial Metals Company	$7.93B	$2.08B

CLF Revenue FAQ

What is Cleveland-Cliffs’s yearly revenue?

Cleveland-Cliffs's yearly revenue for 2023 was $22B, representing a decrease of -4.32% compared to 2022. The company's yearly revenue for 2022 was $22.99B, representing an increase of 12.45% compared to 2021. CLF's yearly revenue for 2021 was $20.44B, representing an increase of 281.85% compared to 2020.

What is Cleveland-Cliffs’s quarterly revenue?

Cleveland-Cliffs's quarterly revenue for Q3 2024 was $4.57B, a -10.27% decrease from the previous quarter (Q2 2024), and a -18.48% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $5.09B, a -2.06% decrease from the previous quarter (Q1 2024), and a -14.91% decrease year-over-year (Q2 2023). CLF's quarterly revenue for Q1 2024 was $5.2B, a 1.70% increase from the previous quarter (Q4 2023), and a -1.81% decrease year-over-year (Q1 2023).

What is Cleveland-Cliffs’s revenue growth rate?

Cleveland-Cliffs's revenue growth rate for the last 3 years (2021-2023) was 7.59%, and for the last 5 years (2019-2023) was 1005.38%.

What are Cleveland-Cliffs’s revenue streams?

Cleveland-Cliffs's revenue streams in c 23 are Steelmaking, and Other businesses. Steelmaking generated $6.66B in revenue, accounting 90.92% of the company's total revenue, down -70.24% year-over-year. Other businesses generated $665M in revenue, accounting 9.08% of the company's total revenue, up 9.74% year-over-year.

What is Cleveland-Cliffs’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Cleveland-Cliffs was Steelmaking. This segment made a revenue of $6.66B, representing 90.92% of the company's total revenue.