# CLEVELAND-CLIFFS INC. (CLF) FY2026 YTD Q3 P&L / Income Statement

- Company: CLEVELAND-CLIFFS INC. (CLF)
- Period: 2026-01-01 to 2026-09-30
- Filing: Q3 FY2026 10-Q, filed 2026-10-20, accession number 0000764065-26-000115
- Page: https://plicit.ai/financials/clf/fy2026-ytd-q3-income-statement
- Chart image: https://plicit.ai/charts/clf-fy2026-ytd-q3-income-statement-sankey.png

## Chart details: Revenue by Business Segment by Product and Service

Income statement for 2026-01-01 through 2026-09-30. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenues**: 15,760,000,000 US dollars
- **Cost of goods sold**: 15,245,000,000 US dollars
- **Gross profit (calculated)**: 515,000,000 US dollars
- **Operating expenses (calculated)**: 466,000,000 US dollars
- **Operating income (loss)**: 49,000,000 US dollars
- **Total other expense**: negative 295,000,000 US dollars
- **Income (loss) from continuing operations before income taxes**: negative 246,000,000 US dollars
- **Income tax benefit (expense)**: negative 55,000,000 US dollars
- **Net income (loss)**: negative 198,000,000 US dollars
- **Other Businesses**: 513,000,000 US dollars
- **Steelmaking - Coated steel**: 4,615,000,000 US dollars
- **Steelmaking - Cold-rolled steel**: 2,001,000,000 US dollars
- **Steelmaking - Hot-rolled steel**: 4,698,000,000 US dollars
- **Steelmaking - Other**: 1,540,000,000 US dollars
- **Steelmaking - Other steel products**: 124,000,000 US dollars
- **Steelmaking - Plate steel**: 774,000,000 US dollars
- **Steelmaking - Stainless and electrical steel**: 1,504,000,000 US dollars
- **Undisclosed (calculated)**: 129,000,000 US dollars
- **Selling, general and administrative expenses**: 432,000,000 US dollars
- **Restructuring and other charges**: 4,000,000 US dollars
- **Asset impairment**: 0 US dollars
- **Miscellaneous, net**: 30,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 15,898,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Eliminations**: negative 138,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Loss from discontinued operations, net of tax**: negative 7,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to CLEVELAND-CLIFFS INC.: −$230.00 M; to noncontrolling interests: $32.00 M.

## Chart details: Revenue by Business Segment by Industry Sector

- Page: https://plicit.ai/financials/clf/fy2026-ytd-q3-income-statement/revenue-by-business-segment-by-industry-sector
- Chart image: https://plicit.ai/charts/clf-fy2026-ytd-q3-revenue-by-business-segment-by-industry-sector-sankey.png

Income statement for 2026-01-01 through 2026-09-30. View: Segments by Industry Sector. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenues**: 15,760,000,000 US dollars
- **Cost of goods sold**: 15,245,000,000 US dollars
- **Gross profit (calculated)**: 515,000,000 US dollars
- **Operating expenses (calculated)**: 466,000,000 US dollars
- **Operating income (loss)**: 49,000,000 US dollars
- **Total other expense**: negative 295,000,000 US dollars
- **Income (loss) from continuing operations before income taxes**: negative 246,000,000 US dollars
- **Income tax benefit (expense)**: negative 55,000,000 US dollars
- **Net income (loss)**: negative 198,000,000 US dollars
- **Other Businesses - Direct automotive**: 423,000,000 US dollars
- **Other Businesses - Distributors and converters**: 51,000,000 US dollars
- **Other Businesses - Infrastructure and manufacturing**: 30,000,000 US dollars
- **Steelmaking - Direct automotive**: 4,370,000,000 US dollars
- **Steelmaking - Distributors and converters**: 4,930,000,000 US dollars
- **Steelmaking - Infrastructure and manufacturing**: 4,346,000,000 US dollars
- **Steelmaking - Steel producers**: 1,610,000,000 US dollars
- **Undisclosed (calculated)**: 138,000,000 US dollars
- **Selling, general and administrative expenses**: 432,000,000 US dollars
- **Restructuring and other charges**: 4,000,000 US dollars
- **Asset impairment**: 0 US dollars
- **Miscellaneous, net**: 30,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 15,898,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Eliminations**: negative 138,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Loss from discontinued operations, net of tax**: negative 7,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to CLEVELAND-CLIFFS INC.: −$230.00 M; to noncontrolling interests: $32.00 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/clf/fy2026-ytd-q3-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/clf-fy2026-ytd-q3-revenue-by-business-segment-sankey.png

Income statement for 2026-01-01 through 2026-09-30. View: Business segment. Revenue and costs use their disclosed categories.

- **Revenues**: 15,760,000,000 US dollars
- **Cost of goods sold**: 15,245,000,000 US dollars
- **Gross profit (calculated)**: 515,000,000 US dollars
- **Operating expenses (calculated)**: 466,000,000 US dollars
- **Operating income (loss)**: 49,000,000 US dollars
- **Total other expense**: negative 295,000,000 US dollars
- **Income (loss) from continuing operations before income taxes**: negative 246,000,000 US dollars
- **Income tax benefit (expense)**: negative 55,000,000 US dollars
- **Net income (loss)**: negative 198,000,000 US dollars
- **Steelmaking revenue**: 15,385,000,000 US dollars
- **Other Businesses revenue**: 513,000,000 US dollars
- **Steelmaking cost of revenue**: 14,911,000,000 US dollars
- **Other Businesses cost of revenue**: 470,000,000 US dollars
- **Eliminations**: negative 136,000,000 US dollars
- **Selling, general and administrative expenses**: 432,000,000 US dollars
- **Restructuring and other charges**: 4,000,000 US dollars
- **Asset impairment**: 0 US dollars
- **Miscellaneous, net**: 30,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 15,898,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Eliminations**: negative 138,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Loss from discontinued operations, net of tax**: negative 7,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to CLEVELAND-CLIFFS INC.: −$230.00 M; to noncontrolling interests: $32.00 M.