CLFNYSEMetal MiningFiscal year ends December 31
CLEVELAND-CLIFFS INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$14.10+1.98 (+16.34%)
Close on Oct 19, 2026
- Market cap
- $8.05B
- P/E (TTM)
- –
- Dividend yield
- –
Cleveland-Cliffs statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Metal Mining companies for comparison
Valuation
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Market Cap | $8.04B | $448.38M |
| Enterprise Value | $15.89B | $386.11M |
| PS Ratio | 0.42 | 6.25 |
| PB Ratio | 1.44 | 3.00 |
| P/TBV Ratio | 2.92 | 3.17 |
Enterprise value
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| EV / Sales | 0.83 | 6.17 |
| EV / EBITDA | 55.96 | 10.90 |
Income (trailing twelve months)
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Revenue | $19.20B | $243.93M |
| Gross Profit | -$202.00M | $79.90M |
| Operating Income | -$797.00M | -$273.77K |
| Pretax Income | -$1.21B | -$28.00K |
| Net Income | -$876.00M | -$3.15M |
| EBITDA | $284.00M | -$167.46K |
| EPS (Diluted) | -$1.62 | -$0.01 |
Margins
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Gross Margin | -1.05% | 44.6% |
| Operating Margin | -4.15% | 20.2% |
| Pretax Margin | -6.29% | 21.9% |
| Profit Margin | -4.56% | 4.42% |
| EBITDA Margin | 1.48% | 34.4% |
| FCF Margin | -4.46% | 9.22% |
Returns
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Return on Equity (ROE) | -15.3% | -14.6% |
| Return on Assets (ROA) | -4.32% | -17.7% |
| Return on Invested Capital (ROIC) | -4.71% | -0.20% |
| Return on Capital Employed (ROCE) | -4.83% | -0.25% |
Growth
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 4.00% | 36.9% |
| Revenue Growth (3Y CAGR) | -6.80% | 18.4% |
| Revenue Growth (5Y CAGR) | 28.3% | 15.1% |
Balance sheet
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $70.00M | $38.20M |
| Total Debt | $7.70B | $165.91M |
| Net Cash (Debt) | -$7.63B | $9.01M |
| Net Cash Per Share | -$13.38 | $0.12 |
| Equity (Book Value) | $5.60B | $90.83M |
| Book Value Per Share | $9.82 | $0.72 |
| Tangible Book Value | $2.76B | $90.83M |
| Working Capital | $3.21B | $18.42M |
Financial position
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Current Ratio | 1.89 | 2.38 |
| Quick Ratio | 0.59 | 1.57 |
| Debt / Equity | 1.37 | 0.24 |
| Debt / EBITDA | 27.12 | 0.46 |
| Net Debt / EBITDA | 26.88 | 0.07 |
Cash flow (trailing twelve months)
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Operating Cash Flow | -$251.00M | -$416.55K |
| Capital Expenditures | -$606.00M | -$41.57M |
| Free Cash Flow | -$857.00M | $901.80K |
| FCF Per Share | -$1.50 | $0.02 |
Efficiency
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Asset Turnover | 0.95 | 0.34 |
| Inventory Turnover | 4.21 | 4.31 |
| Revenue Per Employee | $767.80K | $386.51K |
| Profits Per Employee | -$35.04K | -$681.68K |
| Employee Count | 25,000 | 16 |
Dividends and yields
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Earnings Yield | -10.9% | -3.51% |
| FCF Yield | -10.7% | 0.78% |
Shares
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Shares Outstanding | 570,540,000 | 144,788,500 |
| Shares Change (YoY) | 12.3% | 8.32% |
| Shares Change (QoQ) | 0.02% | 0.21% |
| Float | 563,489,000 | 115,050,500 |
| Shares Held by Insiders | 1.24% | 1.44% |
| Shares Held by Institutions | 84.3% | 39.8% |
Taxes
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Income Tax | -$385.00M | $4.51M |
Scores
| Measure | Cleveland-Cliffs | Industry median |
|---|---|---|
| Altman Z-Score | 1.29 | 3.21 |
| Piotroski F-Score | 1 | 4 |
| Beneish M-Score | -3.41 | -1.98 |
Calculated by StockData from Cleveland-Cliffs's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.