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Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
13.90
+0.85 (6.51%)
At close: Oct 23, 2026, 4:00 PM EDT
13.93
+0.03 (0.22%)
After-hours: Oct 23, 2026, 7:58 PM EDT

Cleveland-Cliffs Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Revenue
5,6125,2264,9224,3134,7344,9344,6294,3254,5695,0925,1995,1125,6055,9845,2955,0445,6536,3375,9555,346
Revenue Growth
18.55%5.92%6.33%-0.28%3.61%-3.10%-10.96%-15.39%-18.48%-14.91%-1.81%1.35%-0.85%-5.57%-11.08%-5.65%-5.85%-47.07%-
Gross Profit
465132-82-206-46-212-396-273-10615728516848064499-603489811,2491,274
Operating Income
37618-142-280-144-333-483-374-1831031902338053319-1142368901,1721,241
Net Income
152-145-237-243-251-486-498-447-244-2-67-155264347-57-214152596801878
Earnings Per Share
0.26-0.25-0.42-0.44-0.52-0.98-1.01-0.92-0.52-0.01-0.14-0.310.520.67-0.11-0.410.291.131.501.69
EPS Growth
------------79.20%-40.81%---87.55%-2045.54%-

Revenue by Segment
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Steelmaking - Hot-Rolled Steel
1,7491,5391,4101,1501,1221,3321,1661,0301,0031,1151,1281,1171,2691,3571,1211,0341,0501,2511,1941,411
Steelmaking - Cold-Rolled Steel
704660637530636645591581671711749620651748639600740869984834
Steelmaking - Coated Steel
1,6521,5321,4311,2361,4421,3921,3611,2271,3771,5461,6231,5071,7481,7891,6171,5671,7571,8061,7751,526
Steelmaking - Stainless and Electrical Steel
514525465404466434444417449480461524568615574519596618551421
Steelmaking - Plate
267253254271286275247232237317333332382399331345432453421387
Steelmaking - Slab and Other Steel Products
016108154204276247249276318335314322366327371370417334238
Steelmaking - Other Product
561527452409405417411432406428398540503534517466566762535374
Other Businesses
165174165159173163162157150177172158162176169142142161161155
Revenue (Total)
5,6125,2264,9224,3134,7344,9344,6294,3254,5695,0925,1995,1125,6055,9845,2955,0445,6536,3375,9555,346

Cash & Debt
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash & Investments
777045576661575439110301983134592656473548
Total Debt
7,6647,7237,7847,9658,0617,7497,6237,8013,8013,5343,6893,6113,4793,9864,5864,2684,4754,6685,0285,238
Net Cash (Debt)
-7,587-7,653-7,739-7,908-7,995-7,688-7,566-7,747-3,762-3,424-3,659-3,413-3,448-3,952-4,527-4,242-4,419-4,621-4,993-5,190
Net Cash Growth
--------------------
Net Cash Per Share
-13.22-13.40-13.58-14.32-16.15-15.53-15.28-15.94-8.04-6.85-7.44-6.83-6.77-7.69-8.79-8.13-8.51-8.79-9.39-9.82

Cash Flow & CapEx
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Operating Cash Flow
224230-325-13-14345-351-472-84519142652767887-394895368655331,137
Capital Expenditures
-152-157-152-140-157-112-152-205-151-157-182-165-162-131-188-227-248-232-236-232
Free Cash Flow
7273-477-153-300-67-503-677-235362-40487605756-227262288633297905
Free Cash Flow Growth
----------52.12%-85.88%110.07%19.43%--71.05%-78.52%---

Margins
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Gross Margin
8.29%2.53%-1.67%-4.78%-0.97%-4.30%-8.55%-6.31%-2.32%3.08%5.48%3.29%8.56%10.76%1.87%-1.19%6.16%15.48%20.97%23.83%
Operating Margin
6.70%0.34%-2.89%-6.49%-3.04%-6.75%-10.43%-8.65%-4.00%2.02%3.65%0.45%6.78%8.91%0.36%-2.26%4.17%14.04%19.68%23.21%
Pretax Margin
3.80%-2.91%-6.24%-10.18%-6.53%-12.59%-13.72%-13.18%-6.74%-0.22%-1.17%-2.11%5.41%7.65%-1.06%-3.69%3.10%11.95%17.63%20.80%
Profit Margin
2.71%-2.77%-4.81%-5.63%-5.30%-9.85%-10.76%-10.33%-5.34%-0.04%-1.29%-3.03%4.71%5.80%-1.08%-4.24%2.69%9.40%13.45%16.42%
FCF Margin
1.28%1.40%-9.69%-3.55%-6.34%-1.36%-10.87%-15.65%-5.14%7.11%-0.77%9.53%10.79%12.63%-4.29%5.19%5.10%9.99%4.99%16.93%

Valuation
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
PE Ratio
------------23.3837.86--2.872.305.805.07
Forward PE
9.7354.3448.7448.7448.7448.7481.2781.2744.4024.5815.7713.588.846.5811.0217.116.863.005.842.75
P/FCF Ratio
---------5.18-6.365.708.00-5.613.282.546.646.29
PS Ratio
0.310.280.260.460.320.200.220.240.300.350.520.470.360.390.420.360.300.340.980.71