Cleveland-Cliffs Inc.
CLF- Exchange
- NYSE
- Industry
- Metal Mining
- SEC CIK
- 0000764065
In the last 90 days, Cleveland-Cliffs Inc. insiders filed 1 open-market purchase and 0 sales; 591 institutions reported holding it in 13F filings for Q2 2026, worth $4.46B in total; superinvestors Fairfax Financial and Duquesne Family Office hold it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 21, 2026, 1:05 AM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 9, 2026 | Feb 3, 2025 | Jan 29, 2024 | Feb 13, 2023 | Feb 11, 2022 |
| Revenue | $18.6B | $19.2B | $22.0B | $23.0B | $20.4B |
| Cost of revenue | $19.5B | $19.1B | $20.6B | $20.5B | $15.9B |
| Selling, general and administrative | $543.0M | $486.0M | $577.0M | $465.0M | $422.0M |
| Operating income | -$1.58B | -$756.0M | $677.0M | $1.94B | $4.01B |
| Income tax | -$581.0M | -$235.0M | $148.0M | $423.0M | $773.0M |
| Net income | -$1.48B | -$754.0M | $399.0M | $1.33B | $2.99B |
| EPS, basic | $-2.91 | $-1.57 | $0.78 | $2.57 | $5.63 |
| EPS, diluted | $-2.91 | $-1.57 | $0.78 | $2.55 | $5.36 |
| Weighted shares, basic | 508.0M | 480.0M | 510.0M | 519.0M | 498.0M |
| Weighted shares, diluted | 508.0M | 480.0M | 511.0M | 524.0M | 558.0M |
| Margins and growth | |||||
| Operating margin | -8.5% | -3.9% | 3.1% | 8.4% | 19.6% |
| Net margin | -7.9% | -3.9% | 1.8% | 5.8% | 14.6% |
| Revenue growth, year over year | −3.0% | −12.8% | −4.3% | +12.4% | +281.8% |
| Net income growth, year over year | – | −289.0% | −70.1% | −55.3% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 9, 2026 | Feb 3, 2025 | Jan 29, 2024 | Feb 13, 2023 | Feb 11, 2022 |
| Cash and equivalents | $57.0M | $54.0M | $198.0M | $26.0M | $48.0M |
| Accounts receivable | $1.44B | $1.58B | $1.84B | $1.96B | $2.15B |
| Inventory | $4.77B | $5.09B | $4.46B | $5.13B | $5.19B |
| Total current assets | $6.43B | $6.91B | $6.64B | $7.42B | $7.65B |
| Property, plant and equipment | $9.48B | $9.94B | $8.89B | $9.07B | $9.19B |
| Goodwill | $1.81B | $1.77B | $1.00B | $1.13B | $1.12B |
| Intangible assets | $1.14B | $1.17B | $201.0M | $214.0M | $221.0M |
| Total assets | $20.0B | $20.9B | $17.5B | $18.8B | $19.0B |
| Accounts payable | $1.89B | $2.01B | $2.10B | $2.19B | $2.07B |
| Total current liabilities | $3.30B | $3.32B | $3.51B | $3.55B | $3.56B |
| Long-term debt | $7.25B | $7.07B | $3.14B | $4.25B | $5.24B |
| Total liabilities | $13.7B | $14.1B | $9.41B | $10.7B | $13.2B |
| Shareholders' equity | $6.32B | $6.90B | $8.12B | $8.04B | $5.77B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 9, 2026 | Feb 3, 2025 | Jan 29, 2024 | Feb 13, 2023 | Feb 11, 2022 |
| Operating cash flow | -$462.0M | $105.0M | $2.27B | $2.42B | $2.79B |
| Capital expenditures | $561.0M | $695.0M | $646.0M | $943.0M | $705.0M |
| Free cash flow | -$1.02B | -$590.0M | $1.62B | $1.48B | $2.08B |
| Depreciation and amortization | $1.24B | $951.0M | $973.0M | $1.03B | $897.0M |
| Stock-based compensation | $57.0M | $50.0M | $41.0M | $28.0M | $18.0M |
| Share buybacks | $0 | $733.0M | $152.0M | $240.0M | $0 |
| Investing cash flow | -$479.0M | -$3.21B | -$591.0M | -$936.0M | -$1.38B |
| Financing cash flow | $942.0M | $2.97B | -$1.50B | -$1.51B | -$1.47B |
| Net change in cash | – | – | $172.0M | -$22.0M | -$64.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.3% | 0.3% | 0.2% | 0.1% | 0.1% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 20, 2026 | 570.6M | +15.3% | SEC |
| Jul 23, 2026 | 570.5M | +15.3% | SEC |
| Apr 21, 2026 | 570.4M | +15.3% | SEC |
| Feb 9, 2026 | 570.4M | +15.4% | SEC |
| Oct 22, 2025 | 494.7M | +0.2% | SEC |
| Jul 23, 2025 | 494.7M | +5.7% | SEC |
| May 8, 2025 | 494.7M | +4.0% | SEC |
| Feb 25, 2025 | 494.5M | −0.8% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.