Cleveland-Cliffs (CLF) Revenue & Revenue Breakdown
Cleveland-Cliffs Revenue Highlights
Latest Revenue (Y)
$22.00B
Latest Revenue (Q)
$5.09B
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 |
|---|---|---|
| 2024-06-30 | $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 $5.09B in revenue during Q2 2024, up -2.06% compared to the previous quarter, and up 96.17% 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 | - |
| Product | - | - | - | - | $1.85B |
| Venture partners' cost reimbursements | - | - | - | - | - |
| 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 | 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 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Steelmaking | $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 | $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 | $157.00M | - | - |
| 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 Jun 24: Steelmaking (89.73%), and Other Businesses (10.27%).
Cleveland-Cliffs Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| CANADA | $1.05B | $963.00M | $803.00M | $602.00M | $448.10M |
| UNITED STATES | $20.00B | $20.99B | $18.88B | $4.58B | $1.51B |
| Other Countries | $950.00M | $1.03B | $760.00M | $172.00M | $36.60M |
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 | $8.08B |
| CLF | Cleveland-Cliffs | $22.00B | $5.09B |
| TX | Ternium | $19.03B | $4.74B |
| STLD | Steel Dynamics | $18.80B | $4.63B |
| X | United States Steel | $16.04B | $3.85B |
| RS | Reliance Steel & Aluminum | $14.81B | $3.42B |
| CMC | Commercial Metals Company | $7.93B | $2.08B |
| SCHN | Schnitzer Steel Industries | $2.88B | $621.06M |
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 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). The company'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). CLF's quarterly revenue for Q4 2023 was $5.11B, a -8.80% decrease from the previous quarter (Q3 2023), and a 1.35% increase year-over-year (Q4 2022).
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.