Cleveland-Cliffs Inc.

Cleveland-Cliffs Inc.

12.84
USD
-1.30
(-9.19%)
-1.50EPS
5.36BMarket Cap
Feb 15Next Earn
Cleveland-Cliffs Inc.
NYSE:CLF
(New York Stock Exchange)

Recent

price

12.84

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
33.14
46.81
41.26
25.64
22.03
13.14
7.86
6.47
7.85
7.19
14.14
38.52
44.26
43
39.95
36.63
35.09
Revenue per Share
7.54
11.55
-6.32
2.4
-47.52
-5.14
0.88
1.27
3.8
1.06
-0.32
5.63
2.57
0.75
-1.58
-2.91
-1.6
Basic EPS, GAAP
7.78
10.04
-4.31
1.87
0.49
-0.28
1.18
0.65
0.62
-0.32
-2.07
3.92
2.85
3.17
-1.23
-2.01
-1.57
Free Cash Flow per Basic Share
0.51
0.85
2.16
0.84
0.94
0.6
0.3
0.18
- -
0.42
0.11
- -
- -
- -
- -
- -
- -
Dividend per Share
28.39
40.73
32.51
34.86
-14.11
-17.66
-6.28
-1.49
1.45
1.33
4.23
10.98
15.18
15.62
13.43
10.73
9.82
Book Value per Share
25.64
31.59
31.61
34.24
-14.52
-18.04
-6.51
-1.54
1.41
1.32
1.28
8.3
12.56
13.23
7.48
5.56
4.83
Tangible Book Value per Share
135
140
142
152
153
153
198
288
297
277
379
531
519
512
480
508
547
Basic Weighted Avg Shares
4,484
6,564
5,873
3,891
3,373
2,013
1,555
1,866
2,332
1,990
5,354
20,444
22,989
21,996
19,185
18,610
19,195
Sales/Revenue/Turnover
27.49
35.8
12.6
35.84
22.7
7.52
9.87
20.91
28.86
21.91
-0.97
19.72
8.58
3.62
-2.66
-7.81
-4.15
Operating Margin (%)
322
427
526
593
504
134
115
88
89
85
308
897
1,034
973
951
1,235
1,081
Depreciation Expense
1,020
1,619
-899
414
-7,224
-749
174
367
1,128
293
-122
2,988
1,335
385
-760
-1,478
-876
Net Income, GAAP
22.31
18.61
- -
19.95
- -
54.07
- -
- -
- -
5.75
- -
20.33
23.55
24.87
- -
- -
- -
Effective Tax Rate (%)
22.75
24.67
-15.31
10.63
-214.16
-37.22
11.2
19.67
48.37
14.72
-2.28
14.62
5.81
1.75
-3.96
-7.94
-4.56
Profit Margin (%)
1,555
409
269
475
471
401
434
1,092
1,011
489
2,369
4,092
3,873
3,128
3,546
3,133
3,208
Working Capital
1,713
3,609
3,961
3,023
2,827
2,699
2,175
2,304
2,093
2,114
5,390
5,238
4,249
3,137
7,065
7,253
7,703
LT Debt
3,839
7,040
5,761
6,884
-1,734
-1,812
-1,330
-444
424
358
2,341
5,774
8,042
8,122
6,867
6,323
5,818
Total Equity
21.47
22.41
- -
11.06
- -
6.48
- -
- -
- -
15.97
- -
33.61
12.65
4.21
- -
- -
- -
Return on Invested Capital (%)
24.4
19.58
- -
6.21
- -
-62.15
- -
- -
- -
15.56
- -
34.27
12.92
4.68
- -
- -
- -
Return on Capital (%)
35.83
33.62
-17.27
7.32
- -
- -
- -
- -
- -
74.92
-10.27
79.6
20.1
4.91
-10.47
-23.18
-15.34
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
7,253
7,763
7,703
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
570
570
571
Market Capitalization
7,566
4,820
5,357

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,435
6,710
6,814
Cash, Cash Equivalents & STI
57
45
70
Accounts Receivable, Net
1,442
1,882
2,044
Inventories
4,772
4,591
4,525
Total Current Liabilities
3,302
3,323
3,606
Payables & Accruals
2,806
2,814
3,046
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
41.31%
32.71%
-7.92%
Free Cash Flow
-47.36%
-89.59%
73.39%
Net Income, GAAP
-289.93%
-575.72%
94.47%
Sales/Revenue/Turnover
45.08%
54.84%
-3%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,199
5,092
4,569
4,325
19,185
2025
4,629
4,934
4,734
4,313
18,610
2026
4,922
5,226
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.14
- -
-0.52
-0.92
-1.58
2025
-1.01
-0.98
-0.51
-0.44
-2.91
2026
-0.42
-0.25
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Cleveland-Cliffs Inc. Cleveland-Cliffs Inc. is North America's largest flat-rolled steel producer and a leading supplier of iron ore pellets and automotive-grade steel, with vertically integrated operations encompassing iron ore mining, pelletizing, direct reduced iron production, ferrous scrap processing, primary steelmaking, and downstream finishing including stamping, tooling, and tubing. The company manufactures and supplies an extensive range of products such as flat-rolled carbon steel, stainless steel, electrical steel including grain-oriented and non-oriented varieties, plate steel, long steel products, tinplate, tin mill products, hot-rolled and cold-rolled coils, coated steels like hot-dipped galvanized, galvannealed, galvalume, and electrogalvanized; carbon and stainless steel tubing; hot and cold stamping solutions; tooling; ingots; rolled blooms; cast blooms; and hot briquetted iron, primarily serving the automotive, infrastructure, manufacturing, appliance, construction, and energy industries. Founded in 1847 and headquartered in Cleveland, Ohio, Cleveland-Cliffs operates mines in Michigan and Minnesota, steelmaking facilities across the United States and into Canada, with regional offices supporting North American markets and a focus on sustainability through waste reduction, water conservation, and carbon emission cuts of over 25 percent. In recent developments, the company completed its transformative acquisition of Stelco Holdings Inc. in late 2024 for approximately $2.5 billion, doubling its flat-rolled steel spot market exposure, adding capabilities in construction and industrial sectors, and integrating around 1,800 union employees while targeting $120 million in annual synergies. Additionally, in September 2025, Cleveland-Cliffs entered a strategic memorandum of understanding with POSCO, Korea's largest steelmaker, designating it as the partner for a joint venture to produce American-made steel, supporting POSCO's U.S. customer base amid new U.S.-Korea trade agreements and enhancing Cliffs' market position. The company also issued high-yield senior guaranteed notes in September 2025 and announced a proposed common shares offering in October 2025 to bolster its financial flexibility.

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