Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
12.22
-0.19 (-1.53%)
Aug 12, 2026, 2:53 PM EDT - Market open

Cleveland-Cliffs Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
19,19518,61019,18521,99622,98920,444
Revenue Growth
4.00%-3.00%-12.78%-4.32%12.45%281.84%
Gross Profit
-202-860631,3732,5184,534
Operating Income
-797-1,579-7636591,9394,012
Net Income
-876-1,478-7603851,3352,988
Earnings Per Share
-1.62-2.91-1.580.752.555.36
EPS Growth
----70.59%-52.42%-

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Steelmaking - Hot-Rolled Steel
5,2214,7704,2764,8644,5295,615
Steelmaking - Cold-Rolled Steel
2,4632,4022,7122,6583,1933,186
Steelmaking - Coated Steel
5,6415,4315,7736,6616,9055,864
Steelmaking - Stainless and Electrical Steel
1,8601,7481,8072,2812,2841,622
Steelmaking - Plate
1,0641,0791,1191,4441,6511,316
Steelmaking - Slab and Other Steel Products
4828811,1781,3291,4921,247
Steelmaking - Other Product
1,7931,6421,6642,0942,3291,051
Other Businesses
671657656665606543
Revenue (Total)
19,19518,61019,18521,99622,98920,444

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
7057541982648
Total Debt
7,7037,2537,0653,1374,2495,238
Net Cash (Debt)
-7,633-7,196-7,011-2,939-4,223-5,190
Net Cash Growth
------
Net Cash Per Share
-13.99-14.17-14.61-5.75-8.06-9.30

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-251-4621052,2672,4232,785
Capital Expenditures
-606-561-695-646-943-705
Free Cash Flow
-857-1,023-5901,6211,4802,080
Free Cash Flow Growth
---9.53%-28.85%-

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
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%
Pretax Margin
-6.29%-10.77%-4.95%2.63%7.81%18.60%
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%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
---27.236.324.06
Forward PE
17.6848.7481.2713.5817.112.75
P/FCF Ratio
---6.365.595.23
PS Ratio
0.360.410.240.470.360.53