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Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
11.76
-0.33 (-2.73%)
Sep 10, 2026, 12:34 PM EDT - Market open

Cleveland-Cliffs Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Revenue
5,2264,9224,3134,7344,9344,6294,3254,5695,0925,1995,1125,6055,9845,2955,0445,6536,3375,9555,3466,004
Revenue Growth
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%-264.76%
Gross Profit
132-82-206-46-212-396-273-10615728516848064499-603489811,2491,2741,775
Operating Income
18-142-280-144-333-483-374-1831031902338053319-1142368901,1721,2411,695
Net Income
-145-237-243-251-486-498-447-244-2-67-155264347-57-2141525968018781,232
Earnings Per Share
-0.25-0.42-0.44-0.52-0.98-1.01-0.92-0.52-0.01-0.14-0.310.520.67-0.11-0.410.291.131.501.692.33
EPS Growth
-----------79.20%-40.81%---87.55%-2045.54%--

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Steelmaking - Hot-Rolled Steel
1,5391,4101,1501,1221,3321,1661,0301,0031,1151,1281,1171,2691,3571,1211,0341,0501,2511,1941,4111,800
Steelmaking - Cold-Rolled Steel
660637530636645591581671711749620651748639600740869984834935
Steelmaking - Coated Steel
1,5321,4311,2361,4421,3921,3611,2271,3771,5461,6231,5071,7481,7891,6171,5671,7571,8061,7751,5261,635
Steelmaking - Stainless and Electrical Steel
525465404466434444417449480461524568615574519596618551421441
Steelmaking - Plate
253254271286275247232237317333332382399331345432453421387357
Steelmaking - Slab and Other Steel Products
16108154204276247249276318335314322366327371370417334238374
Steelmaking - Other Product
527452409405417411432406428398540503534517466566762535374327
Other Businesses
174165159173163162157150177172158162176169142142161161155135
Revenue (Total)
5,2264,9224,3134,7344,9344,6294,3254,5695,0925,1995,1125,6055,9845,2955,0445,6536,3375,9555,3466,004

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Cash & Investments
704557666157543911030198313459265647354842
Total Debt
7,7237,7847,9658,0617,7497,6237,8013,8013,5343,6893,6113,4793,9864,5864,2684,4754,6685,0285,2385,350
Net Cash (Debt)
-7,653-7,739-7,908-7,995-7,688-7,566-7,747-3,762-3,424-3,659-3,413-3,448-3,952-4,527-4,242-4,419-4,621-4,993-5,190-5,308
Net Cash Growth
--------------------
Net Cash Per Share
-13.40-13.58-14.32-16.15-15.53-15.28-15.94-8.04-6.85-7.44-6.83-6.77-7.69-8.79-8.13-8.51-8.79-9.39-9.82-9.70

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Operating Cash Flow
230-325-13-14345-351-472-84519142652767887-394895368655331,1371,516
Capital Expenditures
-157-152-140-157-112-152-205-151-157-182-165-162-131-188-227-248-232-236-232-175
Free Cash Flow
73-477-153-300-67-503-677-235362-40487605756-2272622886332979051,341
Free Cash Flow Growth
---------52.12%-85.88%110.07%19.43%--71.05%-78.52%---788.08%

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
Gross Margin
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%29.56%
Operating Margin
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%28.23%
Pretax Margin
-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%26.90%
Profit Margin
-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%20.52%
FCF Margin
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%22.34%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '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 Sep '21
PE Ratio
-----------23.3837.86--2.872.305.805.077.80
Forward PE
54.3448.7448.7448.7448.7481.2781.2744.4024.5815.7713.588.846.5811.0217.116.863.005.842.752.88
P/FCF Ratio
--------5.18-6.365.708.00-5.613.282.546.646.2911.99
PS Ratio
0.280.260.460.320.200.220.240.300.350.520.470.360.390.420.360.300.340.980.710.99