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Cleveland-Cliffs Inc. (CLF)

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SEC name CLEVELAND-CLIFFS INC. · CIK 0000764065 · NYSE · Metal Mining

  • Sector Mining
  • Incorporated OH
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Cleveland-Cliffs Inc. reported revenue of $18.61B. Revenue fell 3.0% from the prior annual period. Over the twelve months to 2026-09-30, revenue was $20.07B.

Key ratios (year ended 2025-12-31)

-4.6%
Gross margin (computed)
-8.5%
Operating margin
-7.9%
Net margin
-23.4%
Return on year-end equity
-3.0%
Revenue growth (YoY)

Computed by TickerFacts from revenue minus cost of revenue. This may differ from the issuer's reported gross profit or margin; check the revenue and cost definitions.

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Latest selected filing: Form 4 (ownership change) · 2026-10-02

Headquarters locality: Cleveland · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-09-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-09-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$20.07B$18.61B$19.18B$22.00B$22.99B$20.44B$5.35B$1.99B$2.33B$1.87B$1.55B
Cost of Revenue$19.76B$19.47B$19.12B$20.62B$20.47B$15.91B$5.10B$1.41B$1.52B$1.40B$1.27B
Gross Profit$309.00M-$860.00M$63.00M$1.37B$2.52B$4.53B$252.00M$575.70M$809.60M$467.60M$280.10M
Operating Income-$282.00M-$1.58B-$763.00M$659.00M$1.94B$4.01B-$142.00M$429.00M$673.00M$390.20M$130.70M
Depreciation & Amortization$1.05B$1.24B$951.00M$973.00M$1.03B$897.00M$308.00M$85.00M$89.00M$87.70M$115.40M
EBITDA$770.00M-$344.00M$188.00M$1.63B$2.97B$4.91B$166.00M$514.00M$762.00M$477.90M$246.10M
Net Income-$473.00M-$1.48B-$760.00M$385.00M$1.33B$2.99B-$122.00M$293.00M$1.13B$367.00M$174.10M
EPS (Diluted)n/a-$2.91-$1.58$0.75$2.55$5.36-$0.32$1.03$3.71$1.26$0.87
Total Assets$20.34B$20.01B$20.95B$17.54B$18.75B$18.98B$16.77B$3.50B$3.53B$2.95B$1.92B
Total Liabilities$14.38B$13.69B$14.08B$9.41B$10.71B$13.20B$13.69B$3.15B$3.11B$3.40B$3.25B
Long-Term Debt$7.64B$7.25B$7.07B$3.14B$4.25B$5.24B$5.42Bn/an/a$2.30B$2.19B
Shareholders' Equity$5.97B$6.32B$6.87B$8.10B$8.04B$5.77B$2.34B$358.00M$424.00M-$444.10M-$1.33B
Cash & Equivalents$77.00M$57.00M$54.00M$198.00M$26.00M$48.00M$112.00M$353.00M$823.20M$978.30M$323.40M
Operating Cash Flow$116.00M-$462.00M$105.00M$2.27B$2.42B$2.79B-$258.00M$568.00M$479.00M$338.10M$303.00M
Capital Expenditures$601.00M$561.00M$695.00M$646.00M$943.00M$705.00M$525.00M$656.00M$296.00M$134.90M$7.40M
Free Cash Flow-$485.00M-$1.02B-$590.00M$1.62B$1.48B$2.08B-$783.00M-$88.00M$183.00M$203.20M$295.60M
Share Repurchasesn/a$0$733.00M$152.00M$240.00M$0$0$253.00M$48.00M$0n/a
Dividends Paidn/an/an/an/an/an/a$41.00M$72.00M$0$0n/a
Shares Outstanding570.56M569.76M493.95M504.89M513.34M500.16M477.52M270.08M292.61M297.40M233.07M
Dividends Per Sharen/an/an/an/an/an/a$0.06$0.27$0.05$0.00$0.00
Weighted Average Diluted Sharesn/a508.00M480.00M511.00M524.00M558.00M379.00M284.00M304.00M292.96M200.10M
EPS (Basic)n/a-$2.91-$1.58$0.75$2.57$5.63-$0.32$1.06$3.80$1.28$0.88

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