Cleveland-Cliffs annual operating expenses
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Cleveland-Cliffs Operating Expenses Growth & History (CLF)
Cleveland-Cliffs's operating expenses was $20.19B for fiscal 2025.
View full Cleveland-Cliffs company overviewCleveland-Cliffs annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $20.19B | $241.0M | +1.21% |
| 2024 | 2024-12-31 | $19.95B | −$1.39B | −6.51% |
| 2023 | 2023-12-31 | $21.34B | $287.0M | +1.36% |
| 2022 | 2022-12-31 | $21.05B | $4.62B | +28.10% |
| 2021 | 2021-12-31 | $16.43B | $10.94B | +198.98% |
| 2020 | 2020-12-31 | $5.50B | $3.94B | +252.08% |
| 2019 | 2019-12-31 | $1.56B | $1.42B | +1044.43% |
| 2018 | 2018-12-31 | $136.4M | $59.0M | +76.23% |
| 2017 | 2017-12-31 | $77.4M | −$72.0M | −48.19% |
| 2016 | 2016-12-31 | $149.4M | $64.2M | +75.35% |
| 2015 | 2015-12-31 | $85.2M | −$670.4M | −88.72% |
| 2014 | 2014-12-31 | $755.6M | $651.5M | +625.84% |
| 2013 | 2013-12-31 | $104.1M | −$1.38B | −92.97% |
| 2012 | 2012-12-31 | $1.48B | $1.17B | +371.47% |
| 2011 | 2011-12-31 | $314.1M | $88.2M | +39.04% |
| 2010 | 2010-12-31 | $225.9M | $150.3M | +198.81% |
| 2009 | 2009-12-31 | $75.6M | −$145.2M | −65.76% |
| 2008 | 2008-12-31 | $220.8M | $140.4M | +174.63% |
| 2007 | 2007-12-31 | $80.4M | — | — |
Cleveland-Cliffs quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $5.28B | −$160.0M | −2.94% |
| Q1 2026 | 2026-03-31 | $5.13B | −$37.0M | −0.72% |
| Q4 2025 | 2025-12-31 | $4.64B | −$151.0M | −3.15% |
| Q3 2025 | 2025-09-30 | $4.94B | $108.0M | +2.24% |
| Q2 2025 | 2025-06-30 | $5.43B | $349.0M | +6.86% |
| Q1 2025 | 2025-03-31 | $5.17B | −$65.0M | −1.24% |
| Q4 2024 | 2024-12-31 | $4.79B | −$435.0M | −8.32% |
| Q3 2024 | 2024-09-30 | $4.83B | −$450.0M | −8.52% |
| Q2 2024 | 2024-06-30 | $5.09B | −$415.0M | −7.54% |
| Q1 2024 | 2024-03-31 | $5.24B | −$89.0M | −1.67% |
| Q4 2023 | 2023-12-31 | $5.23B | $4.0M | +0.08% |
| Q3 2023 | 2023-09-30 | $5.28B | −$186.0M | −3.40% |
| Q2 2023 | 2023-06-30 | $5.50B | $4.0M | +0.07% |
| Q1 2023 | 2023-03-31 | $5.33B | $465.0M | +9.57% |
| Q4 2022 | 2022-12-31 | $5.23B | $999.0M | +23.63% |
| Q3 2022 | 2022-09-30 | $5.47B | $1.11B | +25.51% |
| Q2 2022 | 2022-06-30 | $5.50B | $1.52B | +38.19% |
| Q1 2022 | 2022-03-31 | $4.86B | $989.0M | +25.54% |
| Q4 2021 | 2021-12-31 | $4.23B | $2.08B | +96.70% |
| Q3 2021 | 2021-09-30 | $4.36B | $2.75B | +170.83% |
| Q2 2021 | 2021-06-30 | $3.98B | $2.68B | +205.76% |
| Q1 2021 | 2021-03-31 | $3.87B | $3.43B | +784.02% |
| Q4 2020 | 2020-12-31 | $2.15B | $1.09B | +102.91% |
| Q3 2020 | 2020-09-30 | $1.61B | $1.17B | +270.51% |
| Q2 2020 | 2020-06-30 | $1.30B | $1.26B | +3493.92% |
| Q1 2020 | 2020-03-31 | $438.0M | $406.3M | +1281.70% |
| Q4 2019 | 2019-12-31 | $1.06B | $1.02B | +2629.64% |
| Q3 2019 | 2019-09-30 | $434.0M | $397.9M | +1102.22% |
| Q2 2019 | 2019-06-30 | $36.2M | $5.9M | +19.47% |
| Q1 2019 | 2019-03-31 | $31.7M | $500,000 | +1.60% |
| Q4 2018 | 2018-12-31 | $38.8M | $36.2M | +1392.31% |
| Q3 2018 | 2018-09-30 | $36.1M | $7.0M | +24.05% |
| Q2 2018 | 2018-06-30 | $30.3M | $800,000 | +2.71% |
| Q1 2018 | 2018-03-31 | $31.2M | $15.0M | +92.59% |
| Q4 2017 | 2017-12-31 | $2.6M | −$48.1M | −94.87% |
| Q3 2017 | 2017-09-30 | $29.1M | −$21.6M | −42.60% |
| Q2 2017 | 2017-06-30 | $29.5M | $12.7M | +75.60% |
| Q1 2017 | 2017-03-31 | $16.2M | −$15.0M | −48.08% |
| Q4 2016 | 2016-12-31 | $50.7M | $31.9M | +169.68% |
| Q3 2016 | 2016-09-30 | $50.7M | $24.8M | +95.75% |
| Q2 2016 | 2016-06-30 | $16.8M | −$14.8M | −46.84% |
| Q1 2016 | 2016-03-31 | $31.2M | $22.3M | +250.56% |
| Q4 2015 | 2015-12-31 | $18.8M | −$242.8M | −92.81% |
| Q3 2015 | 2015-09-30 | $25.9M | −$373.1M | −93.51% |
| Q2 2015 | 2015-06-30 | $31.6M | −$12.6M | −28.51% |
| Q1 2015 | 2015-03-31 | $8.9M | −$41.9M | −82.48% |
| Q4 2014 | 2014-12-31 | $261.6M | — | — |
| Q3 2014 | 2014-09-30 | $399.0M | $274.3M | +219.97% |
| Q2 2014 | 2014-06-30 | $44.2M | $38.0M | +612.90% |
| Q1 2014 | 2014-03-31 | $50.8M | −$18.8M | −27.01% |
| Q3 2013 | 2013-09-30 | $124.7M | $2.7M | +2.21% |
| Q2 2013 | 2013-06-30 | $6.2M | −$75.3M | −92.39% |
| Q1 2013 | 2013-03-31 | $69.6M | $700,000 | +1.02% |
| Q4 2012 | 2012-12-31 | $1.21B | $1.09B | +933.79% |
| Q3 2012 | 2012-09-30 | $122.0M | $96.0M | +369.23% |
| Q2 2012 | 2012-06-30 | $81.5M | −$32.3M | −28.38% |
| Q1 2012 | 2012-03-31 | $68.9M | $11.5M | +20.03% |
| Q4 2011 | 2011-12-31 | $116.9M | $63.3M | +118.10% |
| Q3 2011 | 2011-09-30 | $26.0M | −$60.8M | −70.05% |
| Q2 2011 | 2011-06-30 | $113.8M | $64.9M | +132.72% |
| Q1 2011 | 2011-03-31 | $57.4M | $20.8M | +56.83% |
| Q4 2010 | 2010-12-31 | $53.6M | — | — |
| Q3 2010 | 2010-09-30 | $86.8M | $64.1M | +282.38% |
| Q2 2010 | 2010-06-30 | $48.9M | $43.3M | +773.21% |
| Q1 2010 | 2010-03-31 | $36.6M | — | — |
| Q3 2009 | 2009-09-30 | $22.7M | −$2.9M | −11.33% |
| Q2 2009 | 2009-06-30 | $5.6M | −$11.3M | −66.86% |
| Q3 2008 | 2008-09-30 | $25.6M | — | — |
| Q2 2008 | 2008-06-30 | $16.9M | — | — |
Cleveland-Cliffs operating expenses trends
Over the last five fiscal years, Cleveland-Cliffs's operating expenses increased from $5.50B to $20.19B, a change of $14.69B. The latest reported quarter, Q2 2026, shows $5.28B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Cleveland-Cliffs source filings ↗