Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
10.22
-0.39 (-3.68%)
At close: Apr 28, 2026, 4:00 PM EDT
10.25
+0.03 (0.29%)
After-hours: Apr 28, 2026, 7:32 PM EDT
Cleveland-Cliffs Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Revenue | 18,903 | 18,610 | 19,185 | 21,996 | 22,989 | 20,444 | Upgrade
|
| Revenue Growth (YoY) | 1.55% | -3.00% | -12.78% | -4.32% | 12.45% | 281.84% | Upgrade
|
| Cost of Revenue | 19,449 | 19,470 | 19,122 | 20,623 | 20,471 | 15,910 | Upgrade
|
| Gross Profit | -546 | -860 | 63 | 1,373 | 2,518 | 4,534 | Upgrade
|
| Selling, General & Admin | 305 | 320 | 239 | 373 | 253 | 212 | Upgrade
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| Other Operating Expenses | 47 | 59 | 88 | - | 81 | 80 | Upgrade
|
| Operating Expenses | 352 | 379 | 327 | 373 | 334 | 292 | Upgrade
|
| Operating Income | -898 | -1,239 | -264 | 1,000 | 2,184 | 4,242 | Upgrade
|
| Interest Expense | -602 | -594 | -370 | -289 | -276 | -337 | Upgrade
|
| Currency Exchange Gain (Loss) | -14 | - | - | - | - | - | Upgrade
|
| Other Non Operating Income (Expenses) | -45 | -44 | -37 | 5 | -4 | 6 | Upgrade
|
| EBT Excluding Unusual Items | -1,559 | -1,877 | -671 | 716 | 1,904 | 3,911 | Upgrade
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| Merger & Restructuring Charges | -123 | -126 | -252 | -12 | -4 | -20 | Upgrade
|
| Impairment of Goodwill | - | - | - | -125 | - | - | Upgrade
|
| Gain (Loss) on Sale of Assets | 16 | 9 | - | - | - | - | Upgrade
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| Asset Writedown | - | - | - | - | -29 | - | Upgrade
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| Other Unusual Items | -10 | -10 | -27 | - | -75 | -88 | Upgrade
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| Pretax Income | -1,676 | -2,004 | -950 | 579 | 1,796 | 3,803 | Upgrade
|
| Income Tax Expense | -513 | -581 | -236 | 144 | 423 | 773 | Upgrade
|
| Earnings From Continuing Operations | -1,163 | -1,423 | -714 | 435 | 1,373 | 3,030 | Upgrade
|
| Earnings From Discontinued Operations | -8 | -5 | - | 1 | 3 | 3 | Upgrade
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| Net Income to Company | -1,171 | -1,428 | -714 | 436 | 1,376 | 3,033 | Upgrade
|
| Minority Interest in Earnings | -46 | -50 | -46 | -51 | -41 | -45 | Upgrade
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| Net Income | -1,217 | -1,478 | -760 | 385 | 1,335 | 2,988 | Upgrade
|
| Preferred Dividends & Other Adjustments | - | - | - | - | - | 187 | Upgrade
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| Net Income to Common | -1,217 | -1,478 | -760 | 385 | 1,335 | 2,801 | Upgrade
|
| Net Income Growth | - | - | - | -71.16% | -55.32% | - | Upgrade
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| Shares Outstanding (Basic) | 527 | 508 | 480 | 510 | 519 | 498 | Upgrade
|
| Shares Outstanding (Diluted) | 527 | 508 | 480 | 511 | 524 | 558 | Upgrade
|
| Shares Change (YoY) | 9.57% | 5.83% | -6.07% | -2.48% | -6.09% | 47.23% | Upgrade
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| EPS (Basic) | -2.31 | -2.91 | -1.58 | 0.75 | 2.57 | 5.62 | Upgrade
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| EPS (Diluted) | -2.31 | -2.91 | -1.58 | 0.75 | 2.56 | 5.35 | Upgrade
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| EPS Growth | - | - | - | -70.58% | -52.27% | - | Upgrade
|
| Free Cash Flow | -997 | -1,023 | -590 | 1,621 | 1,480 | 2,080 | Upgrade
|
| Free Cash Flow Per Share | -1.89 | -2.01 | -1.23 | 3.17 | 2.82 | 3.73 | Upgrade
|
| Gross Margin | -2.89% | -4.62% | 0.33% | 6.24% | 10.95% | 22.18% | Upgrade
|
| Operating Margin | -4.75% | -6.66% | -1.38% | 4.55% | 9.50% | 20.75% | Upgrade
|
| Profit Margin | -6.44% | -7.94% | -3.96% | 1.75% | 5.81% | 13.70% | Upgrade
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| Free Cash Flow Margin | -5.27% | -5.50% | -3.08% | 7.37% | 6.44% | 10.17% | Upgrade
|
| EBITDA | 183 | -135 | 687 | 1,973 | 3,127 | 5,139 | Upgrade
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| EBITDA Margin | 0.97% | -0.73% | 3.58% | 8.97% | 13.60% | 25.14% | Upgrade
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| D&A For EBITDA | 1,081 | 1,104 | 951 | 973 | 943 | 897 | Upgrade
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| EBIT | -898 | -1,239 | -264 | 1,000 | 2,184 | 4,242 | Upgrade
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| EBIT Margin | -4.75% | -6.66% | -1.38% | 4.55% | 9.50% | 20.75% | Upgrade
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| Effective Tax Rate | - | - | - | 24.87% | 23.55% | 20.33% | Upgrade
|
Source: S&P Capital IQ. Standard template. Financial Sources.