Cleveland-Cliffs Inc. logo CLF - Cleveland-Cliffs Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 10
HOLD 22
SELL 11
STRONG
SELL
0
| PRICE TARGET: $10.68 DETAILS
HIGH: $13.00
LOW: $9.00
MEDIAN: $10.00
CONSENSUS: $10.68
DOWNSIDE: 4.90%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 18,610 19,185 21,996 22,989 20,444 5,354 1,989.9 2,332.4 2,330.2 2,109 2,013.3 4,623.7 5,691.4 5,872.7 6,794.3 4,682.2 2,342 3,609.1 2,275.2 1,921.7 1,739.5 1,206.7 857.7 598.6 330.4 430.1 361.4 493.8 438.9 503.2 460.7 388.9 355.9
Cost of Revenue 19,373 19,115 20,605 20,471 15,910 5,102 1,414.2 1,522.8 1,820.6 1,719.7 1,776.8 4,172.3 4,542.1 4,700.6 4,105.7 3,158.7 2,033.1 2,449.4 1,813.2 1,507.7 1,350.5 1,056.8 835 582.7 401.8 354.6 296.5 377.7 335.6 375.3 339.6 285.5 239.3
Gross Profit (763) 70 1,391 2,518 4,534 252 575.7 809.6 509.6 389.3 236.5 451.4 1,149.3 1,172.1 2,688.6 1,523.5 308.9 1,159.7 462 414 389 149.9 22.7 15.9 (71.4) 75.5 64.9 116.1 103.3 127.9 121.1 103.4 116.6
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 543 486 577 465 422 244 119.4 116.8 105.8 117.8 110 208.7 231.6 282.5 274.4 238 (120.7) 186.4 114.2 64 47.9 37.6 25.1 23.8 21 18.7 16.1 18.7 17.1 16.7 15.1 15.9 15.2
Other Expenses 50 340 137 110 80 150 27 19.6 (28.4) 31.6 (24.8) 546.9 (127.5) 0 80.5 20.5 241.4 2.2 (30.6) (17.3) (2.9) 140.5 0 0 0 25.6 22.5 20.3 18.9 17.6 16.8 14.4 13.5
Operating Expenses 593 826 714 575 502 394 146.4 136.4 77.4 149.4 85.2 755.6 104.1 282.5 354.9 258.5 120.7 188.6 83.6 52.3 46.8 179 25.1 23.8 21 44.3 38.6 39 36 34.3 31.9 30.3 28.7
Operating Income
Operating Income (1,356) (756) 677 1,939 4,012 (142) 429.3 673.2 431.5 240.8 151.3 (9,426) 671 (308.8) 2,333.7 1,265 230.2 938.9 378.4 361.7 342.2 (29.1) (2.4) (7.9) (92.4) 31.2 26.3 77.1 67.3 93.6 89.2 73.1 87.9
Interest Expense 594 370 289 276 337 238 101 118.9 126.8 193.9 228.5 176.7 186.4 195.6 216.5 69.7 39 39.8 0 0 0 0 4.6 6.6 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9.5 9.9 10.8 26.2 0 0 0 0 10.6 4.8 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (45) 378 1,859 3,106 5,044 353 498.4 776 477.9 288 675.6 (8,914.5) 1,261.7 219.6 2,884.9 1,690.2 565.5 957.2 485.6 445 395 154.3 (8) 21.4 12.6 56.6 41.7 97.4 103 111.2 106 87.5 101.4
EBIT (1,356) (573) 886 2,072 4,140 45 413.3 684 390.2 304.3 541.6 157 1,377.3 (306.2) 2,396.7 1,325.8 329.6 756.1 378.4 361.7 342.2 125 (37) (12.5) (10.8) 31.2 19.2 77.1 84.1 93.6 89.2 73.1 87.9
Income Before Tax (2,004) (943) 597 1,796 3,803 (193) 312.6 564.7 137.3 207 313.1 (9,584.4) 489.3 (501.8) 2,241.5 1,298.2 290.6 716.3 380.7 387.8 368.1 285.6 (35.2) (57.3) (53.6) 16.6 4.7 71.8 72.6 95.5 71.6 57.5 75.7
Income Tax Expense (581) (235) 148 423 773 (111) 17.6 (475.2) (252.4) (12.2) 169.3 (1,317.9) 55.1 255.9 420.1 292 20.8 144.2 84.1 90.9 84.8 (34.9) (0.3) 9.1 (16.3) (1.5) (0.1) 14.4 17.7 34.5 10.7 14.7 21.1
Net Income (1,478) (754) 399 1,335 2,988 (122) 292.8 1,128.1 374.9 174.1 (749.3) (7,189) 413.5 (899.4) 1,619.1 1,019.9 205.1 515.8 270 280.1 277.6 323.6 (32.7) (188.3) (22.9) 18.1 4.8 57.4 54.9 61 57.8 42.8 54.6
Per Share Data
EPS (Basic) -3.00 -1.57 0.78 2.57 5.62 -0.32 1.06 3.80 1.30 0.88 -4.89 -46.96 2.40 -6.32 11.55 7.54 1.64 5.07 3.19 3.27 3.13 3.74 -0.40 -2.33 -0.29 0.22 0.05 0.64 0.60 0.66 0.61 0.44 0.57
EPS (Diluted) -3.00 -1.57 0.78 2.55 5.35 -0.32 1.03 3.71 1.28 0.87 -4.88 -46.96 2.37 -6.32 11.48 7.49 1.63 4.76 2.57 2.60 2.50 2.95 -0.40 -2.33 -0.29 0.22 0.05 0.63 0.60 0.65 0.60 0.44 0.57
Shares Outstanding 492.2 480 510 519 558.6 379 276.8 297.2 288.4 197.7 153.2 153.1 151.7 142.4 140.2 135.3 125 101.5 83.0 84.1 86.9 85.2 82.0 81.0 80.4 83.2 88.8 89.6 91.2 92.8 95.5 96.7 96
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 57 54 198 26 48 112 352.6 823.2 1,007.7 323.4 502.7 179 216.9 67.8 61.8 183.8 29.9 67.6 130.3 115.9 152.3 139.9 140.6 67.9
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 182.7 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,442 1,576 1,840 1,960 2,154 1,193 152.6 344 171.6 177.3 103.5 68.5 99.1 10.9 23.1 32 64.8 82.6 59.1 73.4 70.2 61.8 65.9 36.9
Inventory 4,772 5,094 4,460 5,130 5,188 3,828 317.4 181.1 277.3 269.8 375.2 366.6 183.6 202.8 184.4 113.8 113.2 52.6 59.6 61.4 45 55.7 39.7 27.5
Other Current Assets 164 183 138 306 263 165 68.3 39.8 129.6 54.1 179.8 247.6 51.5 119.6 31.2 33.1 40.1 14.3 11.2 15.1 33.3 35.3 22.9 117.7
Total Current Assets 6,435 6,907 6,636 7,422 7,653 5,298 897.9 1,479.6 1,544.6 824.6 1,161.2 861.7 733.8 313.3 300.5 362.7 248 217.1 259.9 265.8 300.8 292.7 269.1 250
Non-Current Assets
Property, Plant & Equipment 9,481 9,942 8,895 9,070 9,186 8,743 1,963 1,369 1,051.6 984.4 2,592.6 2,456.1 283.9 270.5 278.9 260.3 272.7 153.9 150 134 127.7 120 110.4 35.3
Goodwill 1,814 1,768 1,005 1,130 1,116 1,406 2 0 0 2 74.6 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 1,135 1,170 201 214 221 188 0 0 52.3 53.8 114.8 109.6 0 15.6 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 142 140 124 163 128 105 62.7 0 0 0 495.2 330.7 86.6 11.8 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1,005 1,020 676 756 671 494 120.7 216.2 302.9 59.1 49.8 101.8 83.8 249.5 150.7 202 207.1 308.7 313.6 294.5 245.2 231.9 237 260.1
Total Non-Current Assets 13,577 14,040 10,901 11,333 11,322 11,473 2,605.9 2,050 1,408.8 1,099.3 3,478.1 3,249.4 427.3 581.9 429.6 462.3 479.8 462.6 463.6 428.5 372.9 351.9 347.4 295.4
Total Assets 20,012 20,947 17,537 18,755 18,975 16,771 3,503.8 3,529.6 2,953.4 1,923.9 4,639.3 4,111.1 1,161.1 895.2 730.1 825 727.8 679.7 723.5 694.3 673.7 644.6 616.5 545.4
Current Liabilities
Account Payables 1,893 2,008 2,099 2,186 2,073 1,575 155 186.8 99.5 107.6 178.9 201 73.3 64.7 54.8 30.1 35.1 29.1 38.3 13.4 11.9 16 15.1 16.4
Short-Term Debt 115 113 90 136 147 144 0 0 0 17.4 0 0 0 25 20 100 0 0 0 0 0 17.3 20.6 0
Deferred Revenue 0 0 0 0 25 7 22.1 21 22.4 16.4 105.1 86.8 0 79.4 77.7 38.7 0 0 0 0 0 0 0 0
Other Current Liabilities 777 754 808 798 731 592 132.4 186.4 277.6 193.6 89.4 267.3 54.7 84.4 52.3 21 67.1 44.6 50.9 78.4 93.6 70.2 63.9 47.6
Total Current Liabilities 3,302 3,322 3,508 3,549 3,561 2,929 409.4 468.2 452.2 391.1 570.4 844.9 257.1 225.9 204.8 189.8 102.2 73.7 89.2 91.8 105.5 103.5 99.6 64
Non-Current Liabilities
Long-Term Debt 7,487 7,065 3,137 4,249 5,238 5,390 2,113.8 2,092.9 2,304.2 2,175.1 649.3 525 0 0 35 70 70 70 70 70 70 70 70 75
Deferred Tax Liabilities 375 858 639 590 0 0 150.5 622.7 0 0 70.8 67.3 21.5 34.5 0 165.1 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1,956 2,211 1,768 2,008 3,988 4,918 597.0 512.2 552.8 585.6 741 852.8 327.2 421 391.1 0 129.7 128.7 126.7 125.1 127.6 128.5 135.5 125.7
Total Non-Current Liabilities 10,387 10,728 5,907 7,164 9,640 10,763 2,887 3,259.9 2,945.3 2,863.3 1,531.9 1,512.4 348.7 421 426.1 235.1 199.7 198.7 196.7 195.1 197.6 198.5 205.5 200.7
Total Liabilities 13,689 14,050 9,415 10,713 13,201 13,692 3,296.4 3,728.1 3,397.5 3,254.4 2,102.3 2,357.3 605.8 646.9 630.9 424.9 301.9 272.4 285.9 286.9 303.1 302 305.1 264.7
Stockholders' Equity
Common Stock 76 66 66 66 63 63 37.7 37.7 37.7 29.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 0 0 0 0 0 0
Retained Earnings (529) 979 1,733 1,334 (1) (2,989) (2,842.4) (3,060.2) (4,207.3) (4,574.3) 1,973.1 1,799.9 565.3 255.7 288.4 476.7 503.7 501.3 513.2 472.1 432 386.1 343.8 315.8
Accumulated Other Comprehensive Income 1,492 1,537 1,657 1,830 618 (133) (318.8) (283.9) (39.0) (21.3) (122.6) (394.6) 0 54.9 (113.4) (2.2) (2) (6.4) (60.9) (138.3) (141.6) (140) (138.3) (137.3)
Total Stockholders' Equity 6,116 6,664 7,887 7,791 5,490 2,756 357.9 424.2 (444.3) (1,464.3) 2,542.8 1,750.5 596.5 228.1 79.3 374.2 402 407.3 437.6 407.4 370.6 342.6 311.4 280.7
Total Liabilities & Equity 20,012 20,947 17,537 18,755 18,975 16,771 3,654.3 4,152.3 2,953.4 1,923.9 4,639.3 4,111.1 1,232.3 895.2 730.1 825 727.8 679.7 723.5 694.3 673.7 644.6 616.5 545.4
Debt Metrics
Total Debt 8,171 7,772 3,590 4,702 5,799 5,989 2,113.8 2,092.9 2,357.1 2,230.9 649.3 525 0 25 55 170 70 70 70 70 70 87.3 90.6 75
Net Debt 8,114 7,718 3,392 4,676 5,751 5,877 1,754.2 1,269.7 1,378.8 1,907.5 146.6 346 (216.9) (42.8) (6.8) (13.8) 40.1 2.4 (60.3) (45.9) (82.3) (52.6) (50) 7.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income (1,428) (754) 398 1,376 2,985 (123) 294.5 1,039.9 364.5 194 273.2 320.2 (34.9) (66.4) (22.9) 18.1 4.8 57.4 54.9 61 60.9 42.8 54.6
Depreciation & Amortization 1,235 951 973 1,034 904 308 85.1 89 87.7 115.4 52.8 29.3 29 33.9 26.2 25.6 22.5 20.3 18.9 17.6 16.8 14.4 13.5
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 212 (217) 692 33 (2,197) (260) 37.4 32.7 (319.5) 127.1 208 (216.4) (5.3) 12.9 32.5 (48.9) (31.6) 17 (32) (6.2) (26.7) 117 (56.6)
Other Non-Cash Items 25 320 56 (110) 326 (85) 128.7 (222.6) 205.4 (133.5) (15) (187.8) 51.2 168.5 (16.2) 23.6 8.5 (5.7) (15.9) 0.1 (1.7) (8.3) (7.2)
Operating Cash Flow (462) 105 2,233 2,423 2,785 (261) 562.5 478.5 338.1 303 514.6 (141.4) 42.7 40.9 6.8 28 4 92.1 42.3 83.4 58 167.9 (22.8)
Investing Activities
Capital Expenditure (561) (695) (646) (943) (705) (525) (656) (296.1) (155.7) (69.1) (106.3) (60.7) (21.6) (10.6) (9.2) (23.4) (33.3) (51.4) (76.9) (36.7) (22.5) (10.9) (5)
Acquisitions 0 (2,512) 0 (31) (707) (1,527) 0 0 (105) 3.6 0 4.4 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 (10) 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 182.8 0 0 0 0 0 0 0 4 0 0 0 0
Other Investing Activities 82 (5) 55 38 33 10 11.6 23 (4.3) 7.6 (7.6) 23.3 6.9 (25.2) 3.3 (15.2) 0.5 1.5 0.9 4.4 4.4 (67) (3.3)
Investing Cash Flow (479) (3,212) (591) (936) (1,379) (2,042) (644.4) (273.1) (160) (57.9) (514.7) 127.6 (14.7) (35.8) (5.9) (38.6) (32.8) (49.9) (72) (32.3) (18.1) (77.9) (8.3)
Financing Activities
Net Debt Issuance 159 3,827 (1,114) (1,103) (319) 2,174 (15.2) (234.5) 22.2 (406.2) 0 (25) 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 (733) (152) (240) (1,343) 0 (252.9) (47.5) 0 0 0 (6.5) 0 0 0 (15.6) (17.2) (11.5) (4.9) (19.5) (10.7) 0 0
Dividends Paid 0 0 0 0 0 (41) (116.3) (44.2) (52.9) (59.9) (18.7) (6.1) 0 0 (4.1) (15.7) (16.7) (16.3) (14.8) (15.1) (15.5) (14.8) (26.4)
Other Financing Activities (168) (124) (204) (166) (130) (74) (9.7) (49) (26.7) (27.7) 2.1 9.7 (22) (127.1) 157.1 (11.4) (17.2) (11.5) (4.9) (23.4) (24.5) (3.7) (3.2)
Financing Cash Flow 942 2,970 (1,470) (1,509) (1,470) 2,059 (394.1) (375.2) 603.9 (206.4) (13.6) 155.9 (22) (127.1) 153 (27.1) (33.9) (27.8) (19.7) (38.5) (40) (18.5) (29.6)
Cash Position
Net Change in Cash 3 (144) 172 (22) (64) (247.6) (463.6) (155.1) 654.9 38.2 192.8 0 6 (122) 153.9 (37.7) (62.7) (27.8) (49.5) 12.4 (0.7) 72.7 (29.6)
Cash at Beginning 60 198 26 48 112 359.6 823.2 978.3 323.4 285.2 0 0 61.8 183.8 29.9 67.6 130.3 115.9 165.4 139.9 140.6 67.9 128.6
Cash at End 63 54 198 26 48 112 359.6 823.2 978.3 323.4 192.8 216.9 67.8 61.8 183.8 29.9 67.6 88.1 115.9 152.3 139.9 140.6 99
Free Cash Flow (1,023) (590) 1,587 1,480 2,080 (786) (93.5) 182.4 186.4 233.9 408.3 (202.1) 21.1 30.3 (2.4) 4.6 (29.3) 40.7 (34.6) 46.7 35.5 157 (27.8)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 18,610 19,185 21,996 22,989 20,444 5,354 1,989.9 2,332.4 2,330.2 2,109 2,013.3 4,623.7 5,691.4 5,872.7 6,794.3 4,682.2 2,342 3,609.1 2,275.2 1,921.7 1,739.5 1,206.7 857.7 598.6 330.4 430.1 361.4 493.8 438.9 503.2 460.7 388.9 355.9
Gross Profit (763) 70 1,391 2,518 4,534 252 575.7 809.6 509.6 389.3 236.5 451.4 1,149.3 1,172.1 2,688.6 1,523.5 308.9 1,159.7 462 414 389 149.9 22.7 15.9 (71.4) 75.5 64.9 116.1 103.3 127.9 121.1 103.4 116.6
Operating Income (1,356) (756) 677 1,939 4,012 (142) 429.3 673.2 431.5 240.8 151.3 (9,426) 671 (308.8) 2,333.7 1,265 230.2 938.9 378.4 361.7 342.2 (29.1) (2.4) (7.9) (92.4) 31.2 26.3 77.1 67.3 93.6 89.2 73.1 87.9
Net Income (1,478) (754) 399 1,335 2,988 (122) 292.8 1,128.1 374.9 174.1 (749.3) (7,189) 413.5 (899.4) 1,619.1 1,019.9 205.1 515.8 270 280.1 277.6 323.6 (32.7) (188.3) (22.9) 18.1 4.8 57.4 54.9 61 57.8 42.8 54.6
EPS (Diluted) -3.00 -1.57 0.78 2.55 5.35 -0.32 1.03 3.71 1.28 0.87 -4.88 -46.96 2.37 -6.32 11.48 7.49 1.63 4.76 2.57 2.60 2.50 2.95 -0.40 -2.33 -0.29 0.22 0.05 0.63 0.60 0.65 0.60 0.44 0.57
Balance Sheet
Cash & Equivalents 57 54 198 26 48 112 352.6 823.2 1,007.7 323.4 502.7 179 216.9 67.8 61.8 183.8 29.9 67.6 130.3 115.9 152.3 139.9 140.6 67.9
Total Assets 20,012 20,947 17,537 18,755 18,975 16,771 3,503.8 3,529.6 2,953.4 1,923.9 4,639.3 4,111.1 1,161.1 895.2 730.1 825 727.8 679.7 723.5 694.3 673.7 644.6 616.5 545.4
Total Debt 8,171 7,772 3,590 4,702 5,799 5,989 2,113.8 2,092.9 2,357.1 2,230.9 649.3 525 0 25 55 170 70 70 70 70 70 87.3 90.6 75
Stockholders' Equity 6,116 6,664 7,887 7,791 5,490 2,756 357.9 424.2 (444.3) (1,464.3) 2,542.8 1,750.5 596.5 228.1 79.3 374.2 402 407.3 437.6 407.4 370.6 342.6 311.4 280.7
Cash Flow
Operating Cash Flow (462) 105 2,233 2,423 2,785 (261) 562.5 478.5 338.1 303 514.6 (141.4) 42.7 40.9 6.8 28 4 92.1 42.3 83.4 58 167.9 (22.8)
Capital Expenditure (561) (695) (646) (943) (705) (525) (656) (296.1) (155.7) (69.1) (106.3) (60.7) (21.6) (10.6) (9.2) (23.4) (33.3) (51.4) (76.9) (36.7) (22.5) (10.9) (5)
Free Cash Flow (1,023) (590) 1,587 1,480 2,080 (786) (93.5) 182.4 186.4 233.9 408.3 (202.1) 21.1 30.3 (2.4) 4.6 (29.3) 40.7 (34.6) 46.7 35.5 157 (27.8)