Cleveland-Cliffs faces a severe profitability crisis, with TTM gross margin at -4.1% and net losses in nine of the last ten quarters, including a -$495M net loss in 2025Q1. Revenue has stabilized modestly, growing 5.9% year-over-year in 2026Q2, but cost inflex...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue has stabilized at $5.2B in 2026Q2 with 5.9% growth, but gross margin remains deeply negative at -4.1% TTM, with COGS exceeding revenue in six of the last ten quarters.
Multiple bullish theses on Cleveland-Cliffs Inc. (CLF) have been highlighted on platforms like r/wallstreetbets and Substack, indicating strong retail investor interest.
CLF's trailing and forward P/E ratios of 133.67 and 62.89, respectively, suggest potential undervaluation or growth expectations, as noted by Yahoo Finance.
Cleveland's position as a major St. Lawrence Seaway port on Lake Erie provides logistical advantages for Cleveland-Cliffs Inc.'s operations and distribution.
Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 23, 2026 | -$0.20+4.0% vs -$0.21 | $5.2B+1.6% vs $5.1B |
Q2 2026 Apr 20, 2026 | -$0.40+9.1% vs -$0.44 | $4.9B+2.4% vs $4.8B |
Q1 2026 Feb 9, 2026 | -$0.43+30.6% vs -$0.62 | $4.3B-5.5% vs $4.6B |
Q4 2025 Oct 20, 2025 | -$0.45+6.3% vs -$0.48 | $4.7B+1.6% vs $4.7B |
Cleveland-Cliffs (CLF) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce third-quarter 2026 earnings results before the U.S. market open on Monday, October 19, 2026.The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on the same morning, October 19, 2026, at 8:30 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and available for replay at that a.
Cleveland-Cliffs (NYSE:CLF | CLF Price Prediction) stock rose 3% to $11.32 on Wednesday as the recent steel-stock selloff subsided. Nucor (NYSE:NUE) shares ticked higher by 0.4% to $236.62, while Steel Dynamics (NASDAQ:STLD) stock advanced 0.81% to $223.16.
A $15 billion foreign-owned steel mill is rising in Iowa, and the moment its first steel ships in 2030, it will reshape the competitive landscape for two of America's biggest steelmakers in very different ways.
Benchmark CLF against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Cleveland-Cliffs Inc. (CLF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $11.32 | $6.46B | -3.77 | -3% | -7.94% | -22.36% | — | |
| $240.39 | $54.75B | 31.97 | 5.73% | 7.99% | 12.84% | — | |
| $231.99 | $33.46B | 29.04 | 3.63% | 7.83% | 17.66% | — | |
| $63.58 | $7.03B | 85.92 | -1.61% | 6.72% | 13.65% | — | |
| $400.31 | $20.44B | 28.63 | 3.32% | 5.66% | 12.33% | — | |
| $36.97 | $1.88B | 105.63 | 11.33% | 0.49% | 1.26% | — |
Cleveland-Cliffs Inc. (CLF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Cleveland-Cliffs Inc. (CLF) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 24, 2026·SEC
Jul 23, 2026·SEC
May 20, 2026·SEC
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Cleveland-Cliffs Inc. (CLF) stock FAQ — growth, dividends, profitability & financials explained
Cleveland-Cliffs Inc. (CLF) reported $19.20B in revenue for fiscal year 2025. This represents a 3715% increase from $503.2M in 1996.
Cleveland-Cliffs Inc. (CLF) saw revenue decline by 3.0% over the past year.
Cleveland-Cliffs Inc. (CLF) reported a net loss of $876.0M for fiscal year 2025.
Cleveland-Cliffs Inc. (CLF) has a return on equity (ROE) of -22.4%. Negative ROE indicates the company is unprofitable.
Cleveland-Cliffs Inc. (CLF) had negative free cash flow of $857.0M in fiscal year 2025, likely due to heavy capital investments.
