Cleveland-Cliffs Inc.

Cleveland-Cliffs Inc.

11.63
EUR
-0.85
(-6.85%)
-1.32EPS
4.69BMarket Cap
Feb 15Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
Basic EPS, GAAP
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
Free Cash Flow per Basic Share
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
Dividend per Share
0.84
0.94
0.6
0.3
0.18
- -
0.42
0.11
- -
- -
- -
- -
- -
- -
Book Value per Share
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
Tangible Book Value per Share
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
Basic Weighted Avg Shares
152
153
153
198
288
297
277
379
531
519
512
480
508
547
Sales/Revenue/Turnover
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
Operating Margin (%)
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
Depreciation Expense
593
504
134
115
88
89
85
308
897
1,034
973
951
1,235
1,081
Net Income, GAAP
414
-7,224
-749
174
367
1,128
293
-122
2,988
1,335
385
-760
-1,478
-876
Effective Tax Rate (%)
19.95
- -
54.07
- -
- -
- -
5.75
- -
20.33
23.55
24.87
- -
- -
- -
Profit Margin (%)
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
Working Capital
475
471
401
434
1,092
1,011
489
2,369
4,092
3,873
3,128
3,546
3,133
3,208
LT Debt
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
Total Equity
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
Return on Invested Capital (%)
11.06
- -
6.48
- -
- -
- -
15.97
- -
33.61
12.65
4.21
- -
- -
- -
Return on Capital (%)
6.21
- -
-62.15
- -
- -
- -
15.56
- -
34.27
12.92
4.68
- -
- -
- -
Return on Common Equity (%)
7.32
- -
- -
- -
- -
- -
74.92
-10.27
79.6
20.1
4.91
-10.47
-23.18
-15.34

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
7,752
4,817
5,359

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
- -
- -
- -
- -
- -

Company Description

CEO
C. Lourenço Gonçalves
Full Time Employees
25,000
Sector
Non-energy minerals
Industry
Steel
Address
200 Public Sq Ste 3300 Cleveland OH United States
IPO Date
Jul 27, 1960
Business
Cleveland-Cliffs Inc. has transformed into a leading, fully integrated North American steel producer. Based in Cleveland, Ohio, the company employs around 30,000 people across its extensive mining, steelmaking, and manufacturing operations in the U.S. and Canada. It is recognized as the largest flat-rolled steel manufacturer in the continent and a key supplier of iron ore pellets to the regional steel industry. The firm's vertically integrated model spans from raw material extraction and direct reduced iron production to primary steelmaking and advanced downstream finishing, stamping, and tubular components. Its diverse product portfolio, including flat-rolled carbon, stainless, and electrical steels, primarily serves demanding sectors like automotive, construction, and manufacturing. Recent strategic actions include the 2024 acquisition of Canadian steelmaker Stelco and a 2025 partnership with Korea's POSCO, strengthening its market leadership.

Company News

  • Earnings Estimates Moving Higher for Cleveland-Cliffs (CLF): Time to Buy?

  • 2 Steel Giants Just Reported Earnings—and Told Very Different Stories

  • Compared to Estimates, Cleveland-Cliffs (CLF) Q3 Earnings: A Look at Key Metrics

  • Cleveland-Cliffs: The Stars Align For A Multiple Repricing Opportunity (Rating Upgrade)

  • Cleveland-Cliffs Declines 6% as Profit Taking Follows Strongest Quarter in Three Years; Critical Metals Slips 2%, Nucor Holds Steady

  • Cleveland-Cliffs (CLF) Just Overtook the 20-Day Moving Average

  • Fast-paced Momentum Stock Cleveland-Cliffs (CLF) Is Still Trading at a Bargain

  • Cleveland-Cliffs: 3 Key Takeaways for Long-Term Investors

  • Stock Market Today, Oct. 19: Cleveland-Cliffs Surges on Stronger Q3 Results and Raised 2027 EBITDA Outlook

  • Cleveland-Cliffs Inc. (CLF) Q3 2026 Earnings Call Transcript

  • Meridian Mining targets Cabaçal production in 2028 - One2One Investor Forum

  • Why Cleveland-Cliffs Stock Popped Today

  • Cleveland-Cliffs stock: is there any further upside left?

  • Cleveland-Cliffs Q3 Earnings Call Highlights

  • Cleveland-Cliffs forecasts 2027 adjusted EBITDA above $4B after strongest quarter in three years

  • Cleveland-Cliffs Stock Melts Up After Earnings Beat

  • Cleveland-Cliffs Jumps 10% on Strongest Quarter in Three Years; Nucor and Steel Dynamics Edge Higher

  • Cleveland-Cliffs Stock Jumps on Rosy Outlook

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  • Cleveland-Cliffs (CLF) Q3 Earnings and Revenues Beat Estimates