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Cleveland-Cliffs Inc.(CLF)Earnings, Financials & Key Ratios
CLF•NYSE
$10.65
$6.07B mkt cap·Price updated May 6, 2026
AboutCleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.Show more
- Revenue$18.61B-3.0%
- EBITDA-$168M-186.2%
- Net Income-$1.48B-96.0%
- EPS (Diluted)-3.00-91.1%
- Gross Margin-4.62%-1366.4%
- EBITDA Margin-0.9%-188.8%
- Operating Margin-7.54%-91.3%
- Net Margin-7.94%-102.1%
- ROE-22.36%-122.7%
- ROIC-7.48%-72.4%
- Debt/Equity1.15+1.8%
- Interest Coverage-2.36-15.6%
CLF Key Insights
Cleveland-Cliffs Inc. (CLF) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 28.3%
- ✓Trading at only 0.8x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CLF Price & Volume
Cleveland-Cliffs Inc. (CLF) stock price & volume — 10-year historical chart
Loading chart...
CLF Growth Metrics
Cleveland-Cliffs Inc. (CLF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years24.91%
5 Years28.3%
3 Years-6.8%
TTM-3%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-96.02%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-88.48%
Return on Capital
10 Years10.52%
5 Years6.35%
3 Years-2.77%
Last Year-8.17%
CLF Recent Earnings
Cleveland-Cliffs Inc. (CLF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 20, 2026EPS
$0.40
Est $0.44
+9.1%
Revenue
$4.9B
Est $4.8B
+2.4%
Q1 2026
Feb 9, 2026EPS
$0.43
Est $0.62
+30.6%
Revenue
$4.3B
Est $4.6B
-5.5%
Q4 2025
Oct 20, 2025EPS
$0.45
Est $0.48
+6.3%
Revenue
$4.7B
Est $4.7B
+1.6%
Q3 2025
Jul 21, 2025EPS
$0.50
Est $0.68
+26.5%
Revenue
$4.9B
Est $4.9B
+0.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 20, 2026 | $0.40vs $0.44+9.1% | $4.9Bvs $4.8B+2.4% |
| Q1 2026 | Feb 9, 2026 | $0.43vs $0.62+30.6% | $4.3Bvs $4.6B-5.5% |
| Q4 2025 | Oct 20, 2025 | $0.45vs $0.48+6.3% | $4.7Bvs $4.7B+1.6% |
| Q3 2025 | Jul 21, 2025 | $0.50vs $0.68+26.5% | $4.9Bvs $4.9B+0.8% |
Based on last 12 quarters of dataView full earnings history →
CLF Peer Comparison
Cleveland-Cliffs Inc. (CLF) competitors in Steelmakers (Integrated and Mini-Mill) — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NUE | 52.86B | 232.07 | 30.86 | 5.73% | 6.82% | 10.58% | 0.32 | |
 STLD | 34.4B | 237.46 | 29.72 | 3.63% | 7.22% | 15.29% | 1.46% | 0.47 |
 CMC | 7.75B | 69.79 | 94.31 | -1.61% | 5.46% | 10.15% | 4.03% | 0.32 |
 RS | 19.01B | 372.04 | 26.61 | 3.32% | 5.43% | 11.17% | 2.64% | 0.28 |
 WS | 2B | 40.27 | 18.39 | -9.83% | 3.82% | 9.25% | 5.01% | 0.19 |
 MT | 44.28B | 58.18 | 14.16 | -1.74% | 5.14% | 5.65% | 1.06% | 0.24 |
 PKX | 103.23B | 85.32 | 244.51 | -5.09% | 1.69% | 1.43% | 0.46 | |
 TX | 8.67B | 44.16 | 20.07 | -11.56% | 2.72% | 2.59% | 0.16 |
Compare CLF vs Peers
Cleveland-Cliffs Inc. (CLF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CLF Income Statement
Cleveland-Cliffs Inc. (CLF) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 2.33B | 2.33B | 1.99B | 5.35B | 20.44B | 22.99B | 22B | 19.18B | 18.61B |
| Revenue Growth % | 10.49% | 0.09% | -14.68% | 169.06% | 281.85% | 12.45% | -4.32% | -12.78% | -3% |
| Cost of Goods Sold | 1.82B | 1.52B | 1.41B | 5.1B | 15.91B | 20.47B | 20.61B | 19.11B | 19.47B |
| COGS % of Revenue | 78.13% | 65.29% | 71.07% | 95.29% | 77.82% | 89.05% | 93.68% | 99.64% | 104.62% |
| Gross Profit | 509.6M▲ 0% | 809.6M▲ 58.9% | 575.7M▼ 28.9% | 252M▼ 56.2% | 4.53B▲ 1699.2% | 2.52B▼ 44.5% | 1.39B▼ 44.8% | 70M▼ 95.0% | -860M▼ 1328.6% |
| Gross Margin % | 21.87% | 34.71% | 28.93% | 4.71% | 22.18% | 10.95% | 6.32% | 0.36% | -4.62% |
| Gross Profit Growth % | 30.9% | 58.87% | -28.89% | -56.23% | 1699.21% | -44.46% | -44.76% | -94.97% | -1328.57% |
| Operating Expenses | 77.4M | 136.4M | 146.4M | 394M | 502M | 575M | 714M | 826M | 543M |
| OpEx % of Revenue | 3.32% | 5.85% | 7.36% | 7.36% | 2.46% | 2.5% | 3.25% | 4.31% | 2.92% |
| Selling, General & Admin | 105.8M | 116.8M | 119.4M | 244M | 422M | 465M | 577M | 486M | 543M |
| SG&A % of Revenue | 4.54% | 5.01% | 6% | 4.56% | 2.06% | 2.02% | 2.62% | 2.53% | 2.92% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -28.4M | 19.6M | 27M | 150M | 80M | 110M | 137M | 340M | 0 |
| Operating Income | 431.5M▲ 0% | 673.2M▲ 56.0% | 429.3M▼ 36.2% | -142M▼ 133.1% | 4.01B▲ 2925.4% | 1.94B▼ 51.7% | 677M▼ 65.1% | -756M▼ 211.7% | -1.4B▼ 85.6% |
| Operating Margin % | 18.52% | 28.86% | 21.57% | -2.65% | 19.62% | 8.43% | 3.08% | -3.94% | -7.54% |
| Operating Income Growth % | 79.19% | 56.01% | -36.23% | -133.08% | 2925.35% | -51.67% | -65.09% | -211.67% | -85.58% |
| EBITDA | 519.2M | 762.2M | 514.4M | 166M | 4.92B | 2.97B | 1.65B | 195M | -168M |
| EBITDA Margin % | 22.28% | 32.68% | 25.85% | 3.1% | 24.05% | 12.93% | 7.5% | 1.02% | -0.9% |
| EBITDA Growth % | 45.76% | 46.8% | -32.51% | -67.73% | 2861.45% | -39.52% | -44.5% | -88.18% | -186.15% |
| D&A (Non-Cash Add-back) | 87.7M | 89M | 85.1M | 308M | 904M | 1.03B | 973M | 951M | 1.24B |
| EBIT | 390.2M | 684M | 413.3M | 45M | 4.14B | 2.07B | 886M | -573M | -1.41B |
| Net Interest Income | -126.8M | -119M | -101M | -238M | -337M | -276M | -289M | -370M | -594M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 126.8M | 118.9M | 101M | 238M | 337M | 276M | 289M | 370M | 594M |
| Other Income/Expense | -282M | -108.3M | -116.7M | -51M | -209M | -143M | -80M | -187M | -601M |
| Pretax Income | 137.3M▲ 0% | 564.7M▲ 311.3% | 312.6M▼ 44.6% | -193M▼ 161.7% | 3.8B▲ 2070.5% | 1.8B▼ 52.8% | 597M▼ 66.8% | -943M▼ 258.0% | -2B▼ 112.5% |
| Pretax Margin % | 5.89% | 24.21% | 15.71% | -3.6% | 18.6% | 7.81% | 2.71% | -4.92% | -10.77% |
| Income Tax | -252.4M | -475.2M | 17.6M | -111M | 773M | 423M | 148M | -235M | -581M |
| Effective Tax Rate % | -183.83% | -84.15% | 5.63% | 57.51% | 20.33% | 23.55% | 24.79% | 24.92% | 28.99% |
| Net Income | 374.9M▲ 0% | 1.13B▲ 200.9% | 292.8M▼ 74.0% | -122M▼ 141.7% | 2.99B▲ 2549.2% | 1.33B▼ 55.3% | 399M▼ 70.1% | -754M▼ 289.0% | -1.48B▼ 96.0% |
| Net Margin % | 16.09% | 48.37% | 14.71% | -2.28% | 14.62% | 5.81% | 1.81% | -3.93% | -7.94% |
| Net Income Growth % | 115.34% | 200.91% | -74.04% | -141.67% | 2549.18% | -55.32% | -70.11% | -288.97% | -96.02% |
| Net Income (Continuing) | 360.6M | 1.04B | 295M | -82M | 3.03B | 1.37B | 449M | -708M | -1.42B |
| Discontinued Operations | 2.5M | 0 | 0 | 1M | 3M | 3M | 1M | 0 | -5M |
| Minority Interest | 200K | 0 | 0 | 323M | 284M | 251M | 235M | 233M | 207M |
| EPS (Diluted) | 1.28▲ 0% | 3.71▲ 189.8% | 1.03▼ 72.2% | -0.32▼ 131.1% | 5.35▲ 1771.9% | 2.55▼ 52.3% | 0.78▼ 69.4% | -1.57▼ 301.3% | -3.00▼ 91.1% |
| EPS Growth % | 47.13% | 189.84% | -72.24% | -131.07% | 1771.88% | -52.34% | -69.41% | -301.28% | -91.08% |
| EPS (Basic) | 1.30 | 3.80 | 1.06 | -0.32 | 5.62 | 2.57 | 0.78 | -1.57 | -3.00 |
| Diluted Shares Outstanding | 292.96M | 304.14M | 284.48M | 379M | 558M | 524M | 511M | 480M | 492.16M |
| Basic Shares Outstanding | 288.44M | 297.18M | 276.76M | 379M | 558.56M | 519M | 510M | 480M | 492.16M |
| Dividend Payout Ratio | 14.11% | 3.92% | 39.72% | - | - | - | - | - | - |
CLF Balance Sheet
Cleveland-Cliffs Inc. (CLF) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.54B | 1.48B | 897.9M | 5.3B | 7.65B | 7.42B | 6.64B | 6.91B | 6.43B |
| Cash & Short-Term Investments | 1.01B | 823.2M | 352.6M | 112M | 48M | 26M | 198M | 54M | 57M |
| Cash Only | 1.01B | 823.2M | 352.6M | 112M | 48M | 26M | 198M | 54M | 57M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 171.6M | 344M | 152.6M | 1.19B | 2.15B | 1.96B | 1.84B | 1.58B | 1.44B |
| Days Sales Outstanding | 26.88 | 53.83 | 27.99 | 81.33 | 38.46 | 31.12 | 30.53 | 29.98 | 28.28 |
| Inventory | 277.3M | 181.1M | 317.4M | 3.83B | 5.19B | 5.13B | 4.46B | 5.09B | 4.77B |
| Days Inventory Outstanding | 55.59 | 43.41 | 81.92 | 273.86 | 119.02 | 91.47 | 79.01 | 97.27 | 89.46 |
| Other Current Assets | 129.6M | 39.8M | 68.3M | 165M | 263M | 306M | 138M | 183M | 164M |
| Total Non-Current Assets | 1.41B | 2.05B | 2.61B | 11.47B | 11.32B | 11.33B | 10.9B | 14.04B | 13.58B |
| Property, Plant & Equipment | 1.05B | 1.37B | 1.96B | 8.74B | 9.19B | 9.07B | 8.89B | 9.94B | 9.48B |
| Fixed Asset Turnover | 2.22x | 1.70x | 1.01x | 0.61x | 2.23x | 2.53x | 2.47x | 1.93x | 1.96x |
| Goodwill | 0 | 0 | 2M | 1.41B | 1.12B | 1.13B | 1B | 1.77B | 1.81B |
| Intangible Assets | 52.3M | 0 | 0 | 188M | 221M | 214M | 201M | 1.17B | 1.14B |
| Long-Term Investments | 0 | 0 | 62.7M | 105M | 128M | 163M | 124M | 140M | 0 |
| Other Non-Current Assets | 302.9M | 216.2M | 120.7M | 494M | 671M | 756M | 676M | 1.02B | 1.15B |
| Total Assets | 2.95B▲ 0% | 3.53B▲ 19.5% | 3.5B▼ 0.7% | 16.77B▲ 378.7% | 18.98B▲ 13.1% | 18.75B▼ 1.2% | 17.54B▼ 6.5% | 20.95B▲ 19.4% | 20.01B▼ 4.5% |
| Asset Turnover | 0.79x | 0.66x | 0.57x | 0.32x | 1.08x | 1.23x | 1.25x | 0.92x | 0.93x |
| Asset Growth % | 53.51% | 19.51% | -0.73% | 378.65% | 13.14% | -1.16% | -6.49% | 19.44% | -4.46% |
| Total Current Liabilities | 452.2M | 468.2M | 409.4M | 2.93B | 3.56B | 3.55B | 3.51B | 3.32B | 3.3B |
| Accounts Payable | 99.5M | 186.8M | 155M | 1.57B | 2.07B | 2.19B | 2.1B | 2.01B | 1.89B |
| Days Payables Outstanding | 19.95 | 44.77 | 40 | 112.68 | 47.56 | 38.98 | 37.18 | 38.34 | 35.49 |
| Short-Term Debt | 0 | 0 | 0 | 144M | 147M | 136M | 90M | 113M | 0 |
| Deferred Revenue (Current) | 22.4M | 21M | 22.1M | 7M | 25M | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 277.6M | 186.4M | 132.4M | 592M | 731M | 798M | 808M | 754M | 1.41B |
| Current Ratio | 3.42x | 3.16x | 2.19x | 1.81x | 2.15x | 2.09x | 1.89x | 2.08x | 1.95x |
| Quick Ratio | 2.80x | 2.77x | 1.42x | 0.50x | 0.69x | 0.65x | 0.62x | 0.55x | 0.50x |
| Cash Conversion Cycle | 62.53 | 52.47 | 69.91 | 242.51 | 109.92 | 83.61 | 72.36 | 88.91 | 82.25 |
| Total Non-Current Liabilities | 2.95B | 3.26B | 2.89B | 10.76B | 9.64B | 7.16B | 5.91B | 10.73B | 10.39B |
| Long-Term Debt | 2.3B | 2.09B | 2.11B | 5.39B | 5.24B | 4.25B | 3.14B | 7.07B | 7.25B |
| Capital Lease Obligations | 52.9M | 0 | 0 | 455M | 414M | 317M | 363M | 594M | 0 |
| Deferred Tax Liabilities | 0 | 622.7M | 150.5M | 0 | 0 | 590M | 639M | 858M | 375M |
| Other Non-Current Liabilities | 552.8M | 512.2M | 597M | 4.92B | 3.99B | 2.01B | 1.77B | 2.21B | 2.76B |
| Total Liabilities | 3.4B | 3.73B | 3.3B | 13.69B | 13.2B | 10.71B | 9.41B | 14.05B | 13.69B |
| Total Debt | 2.36B | 2.09B | 2.11B | 5.99B | 5.8B | 4.7B | 3.59B | 7.77B | 7.25B |
| Net Debt | 1.38B | 1.27B | 1.75B | 5.88B | 5.75B | 4.68B | 3.39B | 7.72B | 7.2B |
| Debt / Equity | - | 4.93x | 5.91x | 1.95x | 1.00x | 0.58x | 0.44x | 1.13x | 1.15x |
| Debt / EBITDA | 4.54x | 2.75x | 4.11x | 36.08x | 1.18x | 1.58x | 2.18x | 39.86x | - |
| Net Debt / EBITDA | 2.66x | 1.67x | 3.41x | 35.40x | 1.17x | 1.57x | 2.06x | 39.58x | - |
| Interest Coverage | 3.40x | 5.66x | 4.25x | -0.60x | 11.91x | 7.03x | 2.34x | -2.04x | -2.36x |
| Total Equity | -444.1M▲ 0% | 424.2M▲ 195.5% | 357.9M▼ 15.6% | 3.08B▲ 760.3% | 5.77B▲ 87.5% | 8.04B▲ 39.3% | 8.12B▲ 1.0% | 6.9B▼ 15.1% | 6.32B▼ 8.3% |
| Equity Growth % | 66.62% | 195.52% | -15.63% | 760.3% | 87.53% | 39.28% | 0.99% | -15.08% | -8.32% |
| Book Value per Share | -1.52 | 1.39 | 1.26 | 8.12 | 10.35 | 15.35 | 15.89 | 14.37 | 12.85 |
| Total Shareholders' Equity | -444.3M | 424.2M | 357.9M | 2.76B | 5.49B | 7.79B | 7.89B | 6.66B | 6.12B |
| Common Stock | 37.7M | 37.7M | 37.7M | 63M | 63M | 66M | 66M | 66M | -659M |
| Retained Earnings | -4.21B | -3.06B | -2.84B | -2.99B | -1M | 1.33B | 1.73B | 979M | -529M |
| Treasury Stock | -169.6M | -186.1M | -390.7M | -354M | -82M | -310M | -430M | -676M | 0 |
| Accumulated OCI | -39M | -283.9M | -318.8M | -133M | 618M | 1.83B | 1.66B | 1.54B | 1.49B |
| Minority Interest | 200K | 0 | 0 | 323M | 284M | 251M | 235M | 233M | 207M |
CLF Cash Flow Statement
Cleveland-Cliffs Inc. (CLF) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 338.1M | 478.5M | 562.5M | -261M | 2.79B | 2.42B | 2.23B | 105M | -462M |
| Operating CF Margin % | 14.51% | 20.52% | 28.27% | -4.87% | 13.62% | 10.54% | 10.15% | 0.55% | -2.48% |
| Operating CF Growth % | 11.58% | 41.53% | 17.55% | -146.4% | 1167.05% | -13% | -7.84% | -95.3% | -540% |
| Net Income | 364.5M | 1.04B | 294.5M | -123M | 2.98B | 1.33B | 398M | -754M | -1.43B |
| Depreciation & Amortization | 87.7M | 89M | 85.1M | 308M | 904M | 1.03B | 973M | 951M | 1.24B |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | -460.5M | 16.8M | -101M | 767M | 90M | 114M | -195M | -506M |
| Other Non-Cash Items | 205.4M | -222.6M | 128.7M | -85M | 326M | 138M | 56M | 320M | 25M |
| Working Capital Changes | -319.5M | 32.7M | 37.4M | -260M | -2.2B | -171M | 692M | -217M | 212M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 197M | 120M | 364M | 134M |
| Change in Inventory | -1.8M | 42.9M | -136.3M | -146M | -1.37B | 64M | 670M | -5M | 315M |
| Change in Payables | -69M | -62.5M | -80.8M | 3M | 374M | -186M | 4M | -408M | -78M |
| Cash from Investing | -160M | -273.1M | -644.4M | -2.04B | -1.38B | -936M | -591M | -3.21B | -479M |
| Capital Expenditures | -155.7M | -296.1M | -656M | -525M | -705M | -943M | -646M | -695M | -561M |
| CapEx % of Revenue | 6.68% | 12.7% | 32.97% | 9.81% | 3.45% | 4.1% | 2.94% | 3.62% | 3.01% |
| Acquisitions | -105M | 0 | 0 | -1.53B | -707M | -31M | 0 | -2.51B | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -4.3M | 23M | 11.6M | 10M | 33M | 38M | 55M | -5M | 82M |
| Cash from Financing | 603.9M | -375.2M | -394.1M | 2.06B | -1.47B | -1.51B | -1.47B | 2.97B | 942M |
| Debt Issued (Net) | 22.2M | -234.5M | -15.2M | 2.17B | -319M | -1.1B | -1.11B | 3.83B | 159M |
| Equity Issued (Net) | 1000K | -1000K | -1000K | 0 | -1000K | -1000K | -1000K | -1000K | 1000K |
| Dividends Paid | -52.9M | -44.2M | -116.3M | -41M | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -47.5M | -252.9M | 0 | -1.34B | -240M | -152M | -733M | 0 |
| Other Financing | -26.7M | -49M | -9.7M | -74M | -130M | -166M | -204M | -124M | -168M |
| Net Change in Cash | 654.9M▲ 0% | -155.1M▼ 123.7% | -463.6M▼ 198.9% | -247.6M▲ 46.6% | -64M▲ 74.2% | -22M▲ 65.6% | 172M▲ 881.8% | -144M▼ 183.7% | 3M▲ 102.1% |
| Free Cash Flow | 186.4M▲ 0% | 182.4M▼ 2.1% | -93.5M▼ 151.3% | -786M▼ 740.6% | 2.08B▲ 364.6% | 1.48B▼ 28.8% | 1.59B▲ 7.2% | -590M▼ 137.2% | -1.02B▼ 73.4% |
| FCF Margin % | 8% | 7.82% | -4.7% | -14.68% | 10.17% | 6.44% | 7.21% | -3.08% | -5.5% |
| FCF Growth % | -20.31% | -2.15% | -151.26% | -740.64% | 364.63% | -28.85% | 7.23% | -137.18% | -73.39% |
| FCF per Share | 0.64 | 0.60 | -0.33 | -2.07 | 3.73 | 2.82 | 3.11 | -1.23 | -2.08 |
| FCF Conversion (FCF/Net Income) | 0.90x | 0.42x | 1.92x | 2.14x | 0.93x | 1.81x | 5.60x | -0.14x | 0.31x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CLF Key Ratios
Cleveland-Cliffs Inc. (CLF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | 265.94% | 74.88% | -7.1% | 67.5% | 19.33% | 4.94% | -10.04% | -22.36% |
| Return on Invested Capital (ROIC) | 28.81% | 43.67% | 38.85% | 16.89% | -1.92% | 29.38% | 12% | 4.19% | -4.34% | -7.48% |
| Gross Margin | 18.46% | 21.87% | 34.71% | 28.93% | 4.71% | 22.18% | 10.95% | 6.32% | 0.36% | -4.62% |
| Net Margin | 8.26% | 16.09% | 48.37% | 14.71% | -2.28% | 14.62% | 5.81% | 1.81% | -3.93% | -7.94% |
| Debt / Equity | - | - | 4.93x | 5.91x | 1.95x | 1.00x | 0.58x | 0.44x | 1.13x | 1.15x |
| Interest Coverage | 1.24x | 3.40x | 5.66x | 4.25x | -0.60x | 11.91x | 7.03x | 2.34x | -2.04x | -2.36x |
| FCF Conversion | 1.74x | 0.90x | 0.42x | 1.92x | 2.14x | 0.93x | 1.81x | 5.60x | -0.14x | 0.31x |
| Revenue Growth | 4.75% | 10.49% | 0.09% | -14.68% | 169.06% | 281.85% | 12.45% | -4.32% | -12.78% | -3% |
CLF SEC Filings & Documents
Cleveland-Cliffs Inc. (CLF) SEC filings — annual & quarterly reports (10-K, 10-Q)
CLF Frequently Asked Questions
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Growth & Financials
Cleveland-Cliffs Inc. (CLF) reported $18.61B in revenue for fiscal year 2025. This represents a 3598% 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 $1.48B for fiscal year 2025.
Dividend & Returns
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 $1.02B in fiscal year 2025, likely due to heavy capital investments.
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