Cleveland-Cliffs
CLF
12.06
-0.19
-1.55%
Cleveland-Cliffs
US · CLF
#1860 by market cap
Listed 2016
12.06
-0.19
-1.55%
Live - 5344 symbols - heartbeat 380s ago
· 2026-10-08 07:39
Pre-market
11.89
-1.41%
After-hours
12.17
+0.91%
- Market cap
- 6.88B
- P/E (TTM)i
- -7.58
- P/Bi
- 1.23
- EPSi
- -2.91
- Div yieldi
- 0.00%
- 52W posi
- 48%
Reader sentiment
Are you bullish or bearish on CLF?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.14, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -3.00% YoY
Margins
- Gross margin
- -4.62%
- Operating margin
- -7.81%
- Net margin
- -7.94%
Key ratios & quality
- Altman Z-Scorei
- 1.14
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | -- | 1.99B | 5.35B | 20.44B | 22.99B | 22.00B | 19.19B | 18.61B |
| Gross profit | 809.00M | 576.00M | 252.00M | 4.53B | 2.52B | 1.37B | 63.00M | -860.00M |
| Selling & admin expenses | 113.00M | 113.00M | 244.00M | 422.00M | 465.00M | 577.00M | 486.00M | 543.00M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 673.00M | 436.00M | -52.00M | 4.03B | 1.97B | 796.00M | -511.00M | -1.45B |
| Pretax profit | 565.00M | 313.00M | -193.00M | 3.80B | 1.80B | 579.00M | -950.00M | -2.00B |
| Tax | -475.00M | 18.00M | -111.00M | 773.00M | 423.00M | 144.00M | -236.00M | -581.00M |
| Net profit | 1.13B | 293.00M | -81.00M | 3.03B | 1.38B | 436.00M | -714.00M | -1.43B |
| Basic EPS | 4 | 1 | 0 | 6 | 3 | 1 | -2 | -3 |
| Diluted EPS | 3.71 | 1.03 | -0.32 | 5.36 | 2.55 | 0.75 | -1.58 | -2.91 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 4.63B | 4.93B | 4.73B | 4.31B | 4.92B | 5.23B |
| Gross profit | -396.00M | -212.00M | -46.00M | -206.00M | -82.00M | 132.00M |
| Selling & admin expenses | 133.00M | 137.00M | 130.00M | 144.00M | 125.00M | 154.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -540.00M | -376.00M | -201.00M | -337.00M | -213.00M | -46.00M |
| Pretax profit | -635.00M | -621.00M | -309.00M | -439.00M | -307.00M | -152.00M |
| Tax | -149.00M | -148.00M | -78.00M | -206.00M | -81.00M | -20.00M |
| Net profit | -486.00M | -473.00M | -234.00M | -235.00M | -229.00M | -134.00M |
| Basic EPS | -1 | -1 | -1 | 0 | 0 | 0 |
| Diluted EPS | -1.01 | -0.98 | -0.51 | -0.44 | -0.42 | -0.25 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.48B | 898.00M | 5.30B | 7.65B | 7.42B | 6.64B | 6.91B | 6.44B |
| Cash & ST investments | 823.20M | 353.00M | 112.00M | 48.00M | 26.00M | 198.00M | 54.00M | 57.00M |
| Inventory | 181.10M | 317.00M | 3.83B | 5.19B | 5.13B | 4.46B | 5.09B | 4.77B |
| Total assets | 3.53B | 3.50B | 16.77B | 18.98B | 18.76B | 17.54B | 20.95B | 20.01B |
| Total current liabilities | 468.20M | 409.00M | 2.93B | 3.56B | 3.55B | 3.51B | 3.36B | 3.30B |
| Short-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Long-term debt | 2.09B | 2.11B | 5.39B | 5.24B | 4.25B | 3.14B | 7.07B | 7.25B |
| Total liabilities | 3,105,400,000.00 | 3,146,000,000.00 | 14,430,000,000.00 | 13,201,000,000.00 | 10,713,000,000.00 | 9,415,000,000.00 | 14,080,000,000.00 | 13,689,000,000.00 |
| Total equity | 424.20M | 358.00M | 2.34B | 5.77B | 8.04B | 8.12B | 6.87B | 6.32B |
| Retained earnings | -3.06B | -2.84B | -2.99B | -1.00M | 1.33B | 1.73B | 949.00M | -529.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 6.96B | 6.69B | 6.69B | 6.44B | 6.71B | 6.81B |
| Cash & ST investments | 57.00M | 61.00M | 66.00M | 57.00M | 45.00M | 70.00M |
| Inventory | 4.89B | 4.70B | 4.68B | 4.77B | 4.59B | 4.53B |
| Total assets | 20.84B | 20.47B | 20.29B | 20.01B | 20.12B | 20.12B |
| Total current liabilities | 3.27B | 3.28B | 3.28B | 3.30B | 3.32B | 3.61B |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | 7.60B | 7.73B | 8.04B | 7.25B | 7.76B | 7.70B |
| Total liabilities | 14,352,000,000.00 | 14,429,000,000.00 | 14,583,000,000.00 | 13,689,000,000.00 | 14,096,000,000.00 | 14,297,000,000.00 |
| Total equity | 6.48B | 6.04B | 5.71B | 6.32B | 6.02B | 5.82B |
| Retained earnings | 484.00M | 1.00M | -286.00M | -529.00M | -766.00M | -911.00M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 479.00M | 568.00M | -258.00M | 2.79B | 2.42B | 2.27B | 105.00M | -462.00M |
| Depreciation & amortization | 89.00M | 85.00M | 308.00M | 897.00M | 1.03B | 973.00M | 951.00M | 1.24B |
| Free cash flow | 183.00M | -88.00M | -783.00M | 2.08B | 1.48B | 1.62B | -590.00M | -1.02B |
| Dividends paid | 0 | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -48.00M | -253.00M | 0 | 322.00M | -240.00M | -152.00M | -733.00M | 951.00M |
| Ending cash balance | 823.00M | 353.00M | 112.00M | 48.00M | 26.00M | 198.00M | 54.00M | 57.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -351.00M | 45.00M | -143.00M | -13.00M | -325.00M | 230.00M |
| Depreciation & amortization | 282.00M | 393.00M | 288.00M | 272.00M | 259.00M | 262.00M |
| Free cash flow | -503.00M | -67.00M | -300.00M | -153.00M | -477.00M | 73.00M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | 951.00M | -- | -- |
| Ending cash balance | 63.00M | 61.00M | 66.00M | 57.00M | 52.00M | 70.00M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | 74.88 | -10.27 | 79.60 | 20.10 | 5.09 | -10.36 | -23.13 |
| ROA %i | 34.80 | 8.33 | -1.20 | 16.72 | 7.08 | 2.20 | -3.92 | -7.22 |
| ROIC %i | -- | 15.56 | 1.05 | 35.92 | 13.59 | 5.34 | -3.85 | -7.80 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | 33.85 | 16.77 | 14.19 |
| EBIT margin %i | 29.31 | 20.77 | 0.84 | 20.25 | 9.01 | 4.03 | -2.99 | -7.58 |
| FCF / sales %i | 7.82 | -- | -- | 10.17 | 6.44 | 7.37 | -- | -- |
| Current ratioi | 3.16 | 2.20 | 1.81 | 2.15 | 2.09 | 1.89 | 2.06 | 1.95 |
| Quick ratioi | 2.49 | 1.24 | 0.44 | 0.62 | 0.56 | 0.58 | 0.48 | 0.45 |
| Debt / assetsi | 59.30 | 60.33 | 32.14 | 27.60 | 22.66 | 17.89 | 33.73 | 36.24 |
| LT debt / equityi | 493.38 | 590.50 | 267.10 | 95.41 | 54.54 | 39.77 | 106.50 | 118.59 |
| Interest coveragei | 5.75 | 4.08 | 0.19 | 12.28 | 7.51 | 3.07 | -1.55 | -2.37 |
| Revenue CAGR (3Y) %i | 5.02 | 8.58 | 42.10 | 106.20 | 126.06 | 60.16 | -2.10 | -6.80 |
| Net income CAGR (3Y) %i | -- | 18.95 | -- | 38.36 | 65.78 | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | 124.84 | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -17.57 | -25.79 | -27.21 | -23.13 | -20.16 | -15.34 |
| ROA %i | -6.21 | -8.91 | -9.04 | -7.22 | -5.94 | -4.32 |
| ROIC %i | -6.85 | -10.48 | -10.25 | -7.80 | -5.83 | -3.44 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -5.73 | -8.66 | -8.33 | -7.58 | -5.68 | -3.12 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 2.13 | 2.04 | 2.04 | 1.95 | 2.02 | 1.89 |
| Quick ratioi | 0.57 | 0.56 | 0.57 | 0.45 | 0.58 | 0.59 |
| Debt / assetsi | 36.48 | 37.75 | 39.62 | 36.24 | 38.59 | 38.29 |
| LT debt / equityi | 121.54 | 132.79 | 147.07 | 118.59 | 133.34 | 137.46 |
| Interest coveragei | -2.39 | -3.04 | -2.69 | -2.37 | -1.78 | -0.98 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Steelmaking is the largest reported line at 97.51% of revenue, across 3 reported segments.
- The next-largest line, Other businesses, is a distant second at 3.39% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Steelmaking97.51%
Other businesses3.39%
Quote time 2026-10-08 07:39:22 · For reference only, not investment advice and not tailored to your situation.