Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
11.04
+1.59 (16.77%)
Jul 23, 2026, 11:45 AM EDT - Market open
Cleveland-Cliffs Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 19,195 | 18,610 | 19,185 | 21,996 | 22,989 | 20,444 | |
Revenue Growth (YoY) | 4.00% | -3.00% | -12.78% | -4.32% | 12.45% | 281.84% |
Cost of Revenue | 19,397 | 19,470 | 19,122 | 20,623 | 20,471 | 15,910 |
Gross Profit | -202 | -860 | 63 | 1,373 | 2,518 | 4,534 |
Selling, General & Admin | 553 | 543 | 486 | 577 | 465 | 422 |
Other Operating Expenses | 42 | 176 | 340 | 137 | 114 | 100 |
Total Operating Expenses | 595 | 719 | 826 | 714 | 579 | 522 |
Operating Income | -797 | -1,579 | -763 | 659 | 1,939 | 4,012 |
Interest Expense | -609 | -594 | -370 | -289 | -276 | -337 |
Other Non-Operating Income (Expense) | 208 | 169 | 183 | 209 | 133 | 128 |
Total Non-Operating Income (Expense) | -401 | -425 | -187 | -80 | -143 | -209 |
Pretax Income | -1,207 | -2,004 | -950 | 579 | 1,796 | 3,803 |
Provision for Income Taxes | -385 | -581 | -236 | 144 | 423 | 773 |
Net Income | -832 | -1,423 | -714 | 435 | 1,373 | 3,030 |
Minority Interest in Earnings | 44 | 50 | 46 | 51 | 41 | 45 |
Earnings From Discontinued Operations | - | -5 | - | 1 | 3 | 3 |
Net Income to Common | -876 | -1,478 | -760 | 385 | 1,335 | 2,988 |
Net Income Growth | - | - | - | -71.16% | -55.32% | - |
Shares Outstanding (Basic) | 541 | 508 | 480 | 510 | 519 | 498 |
Shares Outstanding (Diluted) | 541 | 508 | 480 | 511 | 524 | 558 |
Shares Change (YoY) | 11.26% | 5.83% | -6.07% | -2.48% | -6.09% | 47.23% |
EPS (Basic) | -1.62 | -2.91 | -1.58 | 0.75 | 2.57 | 5.63 |
EPS (Diluted) | -1.62 | -2.91 | -1.58 | 0.75 | 2.55 | 5.36 |
EPS Growth | - | - | - | -70.59% | -52.42% | - |
Free Cash Flow | -857 | -1,023 | -590 | 1,621 | 1,480 | 2,080 |
Free Cash Flow Growth | - | - | - | 9.53% | -28.85% | - |
Free Cash Flow Per Share | -1.58 | -2.01 | -1.23 | 3.17 | 2.82 | 3.73 |
Gross Margin | -1.05% | -4.62% | 0.33% | 6.24% | 10.95% | 22.18% |
Operating Margin | -4.15% | -8.48% | -3.98% | 3.00% | 8.43% | 19.62% |
Profit Margin | -4.33% | -7.65% | -3.72% | 1.98% | 5.97% | 14.82% |
FCF Margin | -4.46% | -5.50% | -3.08% | 7.37% | 6.44% | 10.17% |
EBITDA | 284 | -344 | 188 | 1,632 | 2,973 | 4,909 |
EBITDA Margin | 1.48% | -1.85% | 0.98% | 7.42% | 12.93% | 24.01% |
EBIT | -797 | -1,579 | -763 | 659 | 1,939 | 4,012 |
EBIT Margin | -4.15% | -8.48% | -3.98% | 3.00% | 8.43% | 19.62% |
Effective Tax Rate | 31.90% | 28.99% | 24.84% | 24.87% | 23.55% | 20.33% |