Cleveland-Cliffs Inc

CLF

$14.25

-0.07%

Cleveland-Cliffs Inc

Cleveland-Cliffs Inc is a Metals & Mining company listed on NEW YORK STOCK EXCHANGE, INC..

Industry

Metals & Mining

Exchange

NEW YORK STOCK EXCHANGE, INC.

Market Cap

$8.1B

P/E Ratio

—

Cash on Hand

$57M(positive)

Shares Outstanding

570.6M shares

Currency

USD

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About

Cleveland-Cliffs Inc. is an American steel manufacturer based in Cleveland, Ohio. It specializes in the mining, beneficiation, and pelletizing of iron ore, as well as steelmaking, including stamping and tooling. The company is ranked 23rd on the list of steel producers and is the second-largest steel producer in the United States after Nucor. It is the largest flat-rolled steel producer in North America. The company is ranked 221st on the Fortune 500 and 1511th on the Forbes Global 2000.

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Earnings (EPS)

QuarterEPS EstimateEPS Actual

Q3 2026$0.19$0.27

Q2 2026$-0.20$-0.25

Q1 2026$-0.35$-0.42

Q4 2025$-0.62$-0.44

Financial Highlights

The basics, explained simply — no finance degree required.

52-Week Range

$7.73 – $15.35

The lowest and highest price this stock has traded at over the past year.

Profit Margin

-2.4%

How much of every $1 in sales turns into actual profit. Higher generally means a healthier business.

Revenue Growth

+7.8%

How much the company's sales grew compared to a year ago.

Volatility (Beta)

2.04

How much this stock tends to swing compared to the overall market. Above 1 means it typically moves more than the market (higher risk, higher potential reward); below 1 means it's historically calmer.

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Analyst Insights

Analyst Consensus

Hold

Based on 20 analysts

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Insider Activity

Recent buys and sells by company executives and directors — publicly disclosed, as required by law.

Camara Edilson

Oct 22, 2026 • $13.49/share

Bought 7,400

CRONIN JANE M.

Oct 1, 2026 • $11.47/share

Bought 3,487

Bloom Ron A.

Oct 1, 2026 • $11.47/share

Bought 3,487

CRONIN JANE M.

Jul 1, 2026 • $9.42/share

Bought 4,246

Bloom Ron A.

Jul 1, 2026 • $9.42/share

Bought 4,246

Goncalves Celso L Jr

Jun 5, 2026 • $13.41/share

Sold 214,308

Latest SEC Filings

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Cleveland-Cliffs Inc

CLF

$14.25

-0.07%

Cleveland-Cliffs Inc

Cleveland-Cliffs Inc is a Metals & Mining company listed on NEW YORK STOCK EXCHANGE, INC..

Industry

Metals & Mining

Exchange

NEW YORK STOCK EXCHANGE, INC.

Market Cap

$8.1B

P/E Ratio

—

Cash on Hand

$57M(positive)

Shares Outstanding

570.6M shares

Currency

USD

Visit website →

About

via Wikipedia →

Earnings (EPS)

QuarterEPS EstimateEPS Actual

Q3 2026$0.19$0.27

Q2 2026$-0.20$-0.25

Q1 2026$-0.35$-0.42

Q4 2025$-0.62$-0.44

Financial Highlights

The basics, explained simply — no finance degree required.

52-Week Range

$7.73 – $15.35

The lowest and highest price this stock has traded at over the past year.

Profit Margin

-2.4%

How much of every $1 in sales turns into actual profit. Higher generally means a healthier business.

Revenue Growth

+7.8%

How much the company's sales grew compared to a year ago.

Volatility (Beta)

2.04

Company Intelligence

Annual figures from the company's own SEC filings. Tap any number to open the filing it came from.

Revenue

Growth = this year ÷ prior year − 1

Dec 2025: $18.6B-3.0%
Dec 2024: $19.2B-12.8%
Dec 2023: $22.0B-4.3%
Dec 2022: $23.0B+12.4%

Operating income

Margin = operating income ÷ revenue

Dec 2025: -$1.6B-8.5% margin
Dec 2024: -$763M-4.0% margin
Dec 2023: $659M3.0% margin
Dec 2022: $1.9B8.4% margin

Net income

Margin = net income ÷ revenue

Dec 2025: -$1.5B-7.9% margin
Dec 2024: -$760M-4.0% margin
Dec 2023: $385M1.8% margin
Dec 2022: $1.3B5.8% margin

Operating cash flow

Cash the business generated, vs net income above

Dec 2025: -$462M
Dec 2024: $105M
Dec 2023: $2.3B
Dec 2022: $2.4B

Cash vs long-term debt

Cash − long-term debt. Excludes short-term borrowings and leases

Dec 2025: —
Dec 2024: -$7.0B$54M cash · $7.1B debt
Dec 2023: -$2.9B$198M cash · $3.1B debt
Dec 2022: -$4.2B$26M cash · $4.2B debt

Shares (weighted avg.)

Change = this year ÷ prior year − 1

Dec 2025: 508M+5.8%
Dec 2024: 480M-5.9%
Dec 2023: 510M-1.7%
Dec 2022: 519M+4.2%

Fiscal year ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
RevenueGrowth = this year ÷ prior year − 1	$18.6B-3.0%	$19.2B-12.8%	$22.0B-4.3%	$23.0B+12.4%
Operating incomeMargin = operating income ÷ revenue	-$1.6B-8.5% margin	-$763M-4.0% margin	$659M3.0% margin	$1.9B8.4% margin
Net incomeMargin = net income ÷ revenue	-$1.5B-7.9% margin	-$760M-4.0% margin	$385M1.8% margin	$1.3B5.8% margin
Operating cash flowCash the business generated, vs net income above	-$462M	$105M	$2.3B	$2.4B
Cash vs long-term debtCash − long-term debt. Excludes short-term borrowings and leases	—	-$7.0B$54M cash · $7.1B debt	-$2.9B$198M cash · $3.1B debt	-$4.2B$26M cash · $4.2B debt
Shares (weighted avg.)Change = this year ÷ prior year − 1	508M+5.8%	480M-5.9%	510M-1.7%	519M+4.2%

What the numbers show

Operating cash flow was at or above net income in all 2 profitable years shown.
Revenue fell in 3 of the last 4 fiscal years shown (Dec 2025, Dec 2024, Dec 2023).
Operating margin was 8.4% in Dec 2022 and -8.5% in Dec 2025.
Weighted average shares decreased 2.1% between Dec 2022 and Dec 2025.

Worth a closer look

Automatic checks on the figures above. A flag is a pattern to investigate, not a finding of wrongdoing, and each one lists ordinary explanations for it.

Share count rising

Weighted average shares rose 5.8% in the year to Dec 2025.

Shares (weighted avg.)	Dec 2025	508M
Shares (weighted avg.)	Dec 2024	480M

How it's calculated: Share growth = weighted average shares ÷ earlier-year weighted average shares − 1.

Rule: Weighted average shares up 5% or more in a year, or 10% or more over three years.

Why it matters, and ordinary explanations

Why it can matter: When a company issues new shares, each existing share becomes a smaller slice of the profits, so earnings per share can lag total earnings.

Common innocent explanations: Shares issued to pay for an acquisition or to fund growth, or employee share awards that vest over time.

Operating margin shrinking

Operating margin fell from 3.0% in Dec 2023 to -4.0% in Dec 2024 and -8.5% in Dec 2025.

Operating income	Dec 2025	-$1.6B
Revenue	Dec 2025	$18.6B
Operating income	Dec 2024	-$763M
Revenue	Dec 2024	$19.2B
Operating income	Dec 2023	$659M
Revenue	Dec 2023	$22.0B

How it's calculated: Operating margin = operating income ÷ revenue, for each year.

Rule: Operating margin lower in each of the last two years, down 3 percentage points or more in total.

Why it matters, and ordinary explanations

Why it can matter: A margin that keeps shrinking can mean costs are rising faster than prices, or that the company is losing pricing power.

Common innocent explanations: Deliberate investment in growth, a shift in the mix of products, or one-off charges that depress a single year.

See every flagged company in Market Watch →

Rules checked

Revenue up, operating cash flow down — not triggered. Revenue up 5% or more in the latest year while operating cash flow fell 10% or more.
Profit not matched by cash — not triggered. Net income positive, but operating cash flow below 70% of net income in each of the last two fiscal years.
Receivables growing faster than revenue — not run. Not enough comparable annual figures reported to run this check.
Share count rising — flagged. Weighted average shares up 5% or more in a year, or 10% or more over three years.
Operating margin shrinking — flagged. Operating margin lower in each of the last two years, down 3 percentage points or more in total.

Source: SEC EDGAR annual reports (Form 10-K), latest filed 2026-02-09. If a company later restates a year, the most recent filing is used. Dashes mean the company did not report that line in a form we could read. For information only, not investment advice.

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Analyst Insights

Analyst Consensus

Hold

Based on 20 analysts

Similar Companies

NUE STLD RS CMC HCC

Insider Activity

Recent buys and sells by company executives and directors — publicly disclosed, as required by law.

Camara Edilson

Oct 22, 2026 • $13.49/share

Bought 7,400

CRONIN JANE M.

Oct 1, 2026 • $11.47/share

Bought 3,487

Bloom Ron A.

Oct 1, 2026 • $11.47/share

Bought 3,487

CRONIN JANE M.

Jul 1, 2026 • $9.42/share

Bought 4,246

Bloom Ron A.

Jul 1, 2026 • $9.42/share

Bought 4,246

Goncalves Celso L Jr

Jun 5, 2026 • $13.41/share

Sold 214,308

Latest SEC Filings

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