Cleveland-Cliffs annual capital expenditures (capex)
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2025
Cleveland-Cliffs Capital Expenditures (CapEx) Growth & History (CLF)
Cleveland-Cliffs's capital expenditures (capex) was $561.0M for fiscal 2025.
View full Cleveland-Cliffs company overviewCleveland-Cliffs annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $561.0M | −$134.0M | −19.28% |
| 2024 | 2024-12-31 | $695.0M | $49.0M | +7.59% |
| 2023 | 2023-12-31 | $646.0M | −$297.0M | −31.50% |
| 2022 | 2022-12-31 | $943.0M | $238.0M | +33.76% |
| 2021 | 2021-12-31 | $705.0M | $180.0M | +34.29% |
| 2020 | 2020-12-31 | $525.0M | −$131.0M | −19.97% |
| 2019 | 2019-12-31 | $656.0M | $360.0M | +121.62% |
| 2018 | 2018-12-31 | $296.0M | $161.1M | +119.42% |
| 2017 | 2017-12-31 | $134.9M | $127.5M | +1722.97% |
| 2016 | 2016-12-31 | $7.4M | −$73.4M | −90.84% |
| 2015 | 2015-12-31 | $80.8M | −$203.3M | −71.56% |
| 2014 | 2014-12-31 | $284.1M | −$577.5M | −67.03% |
| 2013 | 2013-12-31 | $861.6M | −$265.9M | −23.58% |
| 2012 | 2012-12-31 | $1.13B | $246.8M | +28.02% |
| 2011 | 2011-12-31 | $880.7M | $613.8M | +229.97% |
| 2010 | 2010-12-31 | $266.9M | $150.6M | +129.49% |
| 2009 | 2009-12-31 | $116.3M | −$66.2M | −36.27% |
| 2008 | 2008-12-31 | $182.5M | −$17.0M | −8.52% |
| 2007 | 2007-12-31 | $199.5M | — | — |
Cleveland-Cliffs quarterly capital expenditures (capex)
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Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $157.0M | $45.0M | +40.18% |
| Q1 2026 | 2026-03-31 | $152.0M | $0 | 0.00% |
| Q4 2025 | 2025-12-31 | $140.0M | −$65.0M | −31.71% |
| Q3 2025 | 2025-09-30 | $157.0M | $6.0M | +3.97% |
| Q2 2025 | 2025-06-30 | $112.0M | −$45.0M | −28.66% |
| Q1 2025 | 2025-03-31 | $152.0M | −$30.0M | −16.48% |
| Q4 2024 | 2024-12-31 | $205.0M | $40.0M | +24.24% |
| Q3 2024 | 2024-09-30 | $151.0M | −$11.0M | −6.79% |
| Q2 2024 | 2024-06-30 | $157.0M | $26.0M | +19.85% |
| Q1 2024 | 2024-03-31 | $182.0M | −$6.0M | −3.19% |
| Q4 2023 | 2023-12-31 | $165.0M | −$62.0M | −27.31% |
| Q3 2023 | 2023-09-30 | $162.0M | −$86.0M | −34.68% |
| Q2 2023 | 2023-06-30 | $131.0M | −$101.0M | −43.53% |
| Q1 2023 | 2023-03-31 | $188.0M | −$48.0M | −20.34% |
| Q4 2022 | 2022-12-31 | $227.0M | −$5.0M | −2.16% |
| Q3 2022 | 2022-09-30 | $248.0M | $73.0M | +41.71% |
| Q2 2022 | 2022-06-30 | $232.0M | $70.0M | +43.21% |
| Q1 2022 | 2022-03-31 | $236.0M | $100.0M | +73.53% |
| Q4 2021 | 2021-12-31 | $232.0M | $86.0M | +58.90% |
| Q3 2021 | 2021-09-30 | $175.0M | $79.0M | +82.29% |
| Q2 2021 | 2021-06-30 | $162.0M | $17.0M | +11.72% |
| Q1 2021 | 2021-03-31 | $136.0M | −$2.0M | −1.45% |
| Q4 2020 | 2020-12-31 | $146.0M | −$49.3M | −25.24% |
| Q3 2020 | 2020-09-30 | $96.0M | −$63.8M | −39.92% |
| Q2 2020 | 2020-06-30 | $145.0M | −$21.8M | −13.07% |
| Q1 2020 | 2020-03-31 | $138.0M | $3.9M | +2.91% |
| Q4 2019 | 2019-12-31 | $195.3M | $10.7M | +5.80% |
| Q3 2019 | 2019-09-30 | $159.8M | $90.5M | +130.59% |
| Q2 2019 | 2019-06-30 | $166.8M | $149.9M | +886.98% |
| Q1 2019 | 2019-03-31 | $134.1M | $75.1M | +127.29% |
| Q4 2018 | 2018-12-31 | $184.6M | $65.9M | +55.52% |
| Q3 2018 | 2018-09-30 | $69.3M | $58.2M | +524.32% |
| Q2 2018 | 2018-06-30 | $16.9M | $13.8M | +445.16% |
| Q1 2018 | 2018-03-31 | $59.0M | $57.0M | +2850.00% |
| Q4 2017 | 2017-12-31 | $118.7M | $80.3M | +209.11% |
| Q3 2017 | 2017-09-30 | $11.1M | −$14.5M | −56.64% |
| Q2 2017 | 2017-06-30 | $3.1M | −$6.7M | −68.37% |
| Q1 2017 | 2017-03-31 | $2.0M | −$8.4M | −80.77% |
| Q4 2016 | 2016-12-31 | $38.4M | $15.5M | +67.69% |
| Q3 2016 | 2016-09-30 | $25.6M | $2.1M | +8.94% |
| Q2 2016 | 2016-06-30 | $9.8M | −$8.7M | −47.03% |
| Q1 2016 | 2016-03-31 | $10.4M | −$5.5M | −34.59% |
| Q4 2015 | 2015-12-31 | $22.9M | −$28.0M | −55.01% |
| Q3 2015 | 2015-09-30 | $23.5M | −$45.4M | −65.89% |
| Q2 2015 | 2015-06-30 | $18.5M | −$42.5M | −69.67% |
| Q1 2015 | 2015-03-31 | $15.9M | −$87.4M | −84.61% |
| Q4 2014 | 2014-12-31 | $50.9M | −$68.5M | −57.37% |
| Q3 2014 | 2014-09-30 | $68.9M | −$172.1M | −71.41% |
| Q2 2014 | 2014-06-30 | $61.0M | −$209.8M | −77.47% |
| Q1 2014 | 2014-03-31 | $103.3M | −$127.1M | −55.16% |
| Q4 2013 | 2013-12-31 | $119.4M | −$214.5M | −64.24% |
| Q3 2013 | 2013-09-30 | $241.0M | −$35.6M | −12.87% |
| Q2 2013 | 2013-06-30 | $270.8M | −$5.1M | −1.85% |
| Q1 2013 | 2013-03-31 | $230.4M | −$10.7M | −4.44% |
| Q4 2012 | 2012-12-31 | $333.9M | −$67.9M | −16.90% |
| Q3 2012 | 2012-09-30 | $276.6M | $42.2M | +18.00% |
| Q2 2012 | 2012-06-30 | $275.9M | $97.1M | +54.31% |
| Q1 2012 | 2012-03-31 | $241.1M | $175.4M | +266.97% |
| Q4 2011 | 2011-12-31 | $401.8M | $285.0M | +244.01% |
| Q3 2011 | 2011-09-30 | $234.4M | $147.3M | +169.12% |
| Q2 2011 | 2011-06-30 | $178.8M | $134.7M | +305.44% |
| Q1 2011 | 2011-03-31 | $65.7M | $46.8M | +247.62% |
| Q4 2010 | 2010-12-31 | $116.8M | — | — |
| Q3 2010 | 2010-09-30 | $87.1M | $51.8M | +146.74% |
| Q2 2010 | 2010-06-30 | $44.1M | — | — |
| Q1 2010 | 2010-03-31 | $18.9M | — | — |
| Q3 2009 | 2009-09-30 | $35.3M | −$53.3M | −60.16% |
| Q3 2008 | 2008-09-30 | $88.6M | — | — |
Cleveland-Cliffs capital expenditures (capex) trends
Over the last five fiscal years, Cleveland-Cliffs's capital expenditures (capex) increased from $525.0M to $561.0M, a change of $36.0M. The latest reported quarter, Q2 2026, shows $157.0M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Cleveland-Cliffs source filings ↗