Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
11.54
-0.01 (-0.09%)
At close: Sep 1, 2026, 4:00 PM EDT
11.60
+0.06 (0.48%)
After-hours: Sep 1, 2026, 7:46 PM EDT
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 | 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 | 301 | 320 | 239 | 373 | 253 | 212 |
Other Operating Expenses | 51 | 59 | 88 | - | 81 | 80 |
Operating Expenses | 352 | 379 | 327 | 373 | 334 | 292 |
Operating Income | -554 | -1,239 | -264 | 1,000 | 2,184 | 4,242 |
Interest Expense | -609 | -594 | -370 | -289 | -276 | -337 |
Other Non Operating Income (Expenses) | -42 | -44 | -37 | 5 | -4 | 6 |
EBT Excluding Unusual Items | -1,205 | -1,877 | -671 | 716 | 1,904 | 3,911 |
Merger & Restructuring Charges | -40 | -126 | -252 | -12 | -4 | -20 |
Impairment of Goodwill | - | - | - | -125 | - | - |
Gain (Loss) on Sale of Assets | 9 | 9 | - | - | - | - |
Asset Writedown | 39 | - | - | - | -29 | - |
Other Unusual Items | -10 | -10 | -27 | - | -75 | -88 |
Pretax Income | -1,207 | -2,004 | -950 | 579 | 1,796 | 3,803 |
Income Tax Expense | -385 | -581 | -236 | 144 | 423 | 773 |
Earnings From Continuing Operations | -822 | -1,423 | -714 | 435 | 1,373 | 3,030 |
Earnings From Discontinued Operations | -10 | -5 | - | 1 | 3 | 3 |
Net Income to Company | -832 | -1,428 | -714 | 436 | 1,376 | 3,033 |
Minority Interest in Earnings | -44 | -50 | -46 | -51 | -41 | -45 |
Net Income | -876 | -1,478 | -760 | 385 | 1,335 | 2,988 |
Preferred Dividends & Other Adjustments | - | - | - | - | - | 187 |
Net Income to Common | -876 | -1,478 | -760 | 385 | 1,335 | 2,801 |
Net Income Growth | - | - | - | -71.16% | -52.34% | - |
Shares Outstanding (Basic) | 546 | 508 | 480 | 510 | 519 | 498 |
Shares Outstanding (Diluted) | 546 | 508 | 480 | 511 | 524 | 558 |
Shares Change | 12.35% | 5.83% | -6.07% | -2.48% | -6.09% | 47.23% |
EPS (Basic) | -1.60 | -2.91 | -1.58 | 0.75 | 2.57 | 5.62 |
EPS (Diluted) | -1.60 | -2.91 | -1.58 | 0.75 | 2.56 | 5.35 |
EPS Growth | - | - | - | -70.58% | -52.27% | - |
Additional Metrics
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 |
Free Cash Flow | -857 | -1,023 | -590 | 1,621 | 1,480 | 2,080 |
Free Cash Flow Per Share | -1.57 | -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 | -2.89% | -6.66% | -1.38% | 4.55% | 9.50% | 20.75% |
Profit Margin | -4.56% | -7.94% | -3.96% | 1.75% | 5.81% | 13.70% |
Free Cash Flow Margin | -4.46% | -5.50% | -3.08% | 7.37% | 6.44% | 10.17% |
EBITDA | 515 | -135 | 687 | 1,973 | 3,127 | 5,139 |
EBITDA Margin | 2.68% | -0.73% | 3.58% | 8.97% | 13.60% | 25.14% |
D&A For EBITDA | 1,069 | 1,104 | 951 | 973 | 943 | 897 |
EBIT | -554 | -1,239 | -264 | 1,000 | 2,184 | 4,242 |
EBIT Margin | -2.89% | -6.66% | -1.38% | 4.55% | 9.50% | 20.75% |
Effective Tax Rate | - | - | - | 24.87% | 23.55% | 20.33% |