Company / Cost of Revenue
Cleveland-Cliffs Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$19.5B
FY2025
5-year range
$1.4B / $19.5B
FY2021-FY2025
Trend
+1.8%
vs FY2024
Sector context
#6 of 91
Materials
What the data says
Among 91 Materials companies, Cleveland-Cliffs is in the bottom 7% for cost of revenue. Cost of Revenue has increased for 4 consecutive years, from $1.4B in FY2021 to $19.5B in FY2025.
Based on SEC 10-K filings.
$19.5B in FY2025 with a 5-year CAGR of +66.5%. Top quartile in the Materials sector.
Increased from $15.9B to $19.5B over the past 2 years.
Materials sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +56.3%
- 5-Year CAGR
- +66.5%
- 10-Year CAGR
- -
Sector benchmark
Bottom 7% in MaterialsTop 93% of 91This company $19.5B Sector average $5.3B
▼
+266.6% above sector average
Key checks
Key Insights
- Cleveland-Cliffs's cost of revenue has grown for 4 consecutive years.
- 5-year CAGR of +66.5%, indicating consistent growth.
- In FY2025, cost of revenue increased 1.8% year-over-year.
- Ranks #6 out of 91 companies in the Materials sector.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 0.96 (distress zone, below 1.8 threshold)
- Negative profit margin: -9.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $19.5B | +1.8% |
| FY2024 | $19.1B | +20.2% |
| FY2023 | $15.9B | +211.8% |
| FY2022 | $5.1B | +260.8% |
| FY2021 | $1.4B | -7.2% |
| FY2020 | $1.5B | +7.7% |
| FY2019 | $1.4B | -7.2% |
| FY2018 | $1.5B | -14.3% |
| FY2017 | $1.8B | -28.6% |
| FY2016 | $2.5B | +3.4% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026