profit from every $100 of sales.
$0$100
Cleveland-Cliffs
$12.65-3.21% today
+20.4% in 1 year
1-year low $7.821-year high $15.09
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Cleveland-Cliffs sold, what it kept, and what it did with the cash.
Sales went from $23.0 billion in 2022 to $18.6 billion in 2025, with -$1.48 billion of profit last year.
SalesProfit
Cleveland-Cliffs vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Cleveland-Cliffs | No profit yet | ||
 Nucor | 32.5× · Expensive | ||
 ArcelorMittal | 15.0× · Cheap | ||
 JSW Steel | 14.8× · Cheap | ||
 Steel Dynamics | 27.5× · Fair price |
AI analysis
An AI analyst reads Cleveland-Cliffs's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 5,354 | 20,444 | 22,989 | 21,996 | 19,185 | 18,610 | |
| 252 | 4,534 | 2,518 | 1,373 | 63 | -860 | |
| – | – | 1,972 | 796 | -511 | -1,453 | |
| – | – | 3,106 | 1,841 | 371 | -175 | |
| -122 | 2,988 | 1,335 | 385 | -760 | -1,478 | |
| -0.32 | 5.36 | 2.55 | 0.78 | -1.57 | -2.91 | |
| 4.7% | 22.2% | 11.0% | 6.2% | 0.3% | -4.6% | |
| – | – | 8.6% | 3.6% | -2.7% | -7.8% | |
| -2.3% | 14.6% | 5.8% | 1.8% | -4.0% | -7.9% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 16,771 | 18,975 | 18,755 | 17,537 | 20,947 | 20,012 |
| Cash | 112 | 48 | 26 | 198 | 54 | 57 |
| Total debt | 5,424 | 5,238 | 4,249 | 3,137 | 7,065 | 7,253 |
| Total liabilities | 13,692 | 13,201 | 10,713 | 9,415 | 14,080 | 13,689 |
| 2,018 | 5,490 | 7,791 | 7,887 | 6,634 | 6,116 | |
| 379 | 558 | 524 | 512 | 480 | 508 | |
| – | – | 13.6% | 6.2% | -3.3% | -8.3% | |
| -6.0% | 54.4% | 17.1% | 4.9% | -11.5% | -24.2% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| -258 | 2,785 | 2,423 | 2,267 | 105 | -462 | |
| 525 | 705 | 943 | 646 | 695 | 561 | |
| -783 | 2,080 | 1,480 | 1,621 | -590 | -1,023 | |
| Dividends paid | 41 | – | – | – | – | – |
| 0 | 0 | 240 | 152 | 733 | 0 | |
| 17 | 18 | 28 | 41 | 50 | 57 |
Valuation
- –
- –
- –
- 1.0×
- 0.4×
- –
- –
- -14.2%
- -20.5%
- 0.0%
Profitability
- -4.6%
- -7.8%
- -7.9%
- 0.7%
- -5.0%
- 5.0%
- -20.9%
- -6.0%
- -7.2%
- –
Growth
- +28.3%
- –
- −73.4%
- –
- −3.1%
Financial health
- –
- 1.33
- 38.6%
- -2.0×
- 2.02
- 0.64
- 0.94
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 7%of 992
Bottom 4%of 961
Top 10%of 956
Bottom 5%of 991
What analysts expect
- Average price target
- $11.11
- Range
- $9.42 – $13.00
- 4 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 20, 2026 | -0.40 | -0.44 | +9.1% |
| Feb 9, 2026 | -0.43 | -0.62 | +30.6% |
| Oct 20, 2025 | -0.45 | -0.48 | +6.2% |
| Jul 21, 2025 | -0.50 | -0.68 | +26.5% |
| May 7, 2025 | -0.92 | -0.83 | −11.5% |
| Feb 24, 2025 | -0.68 | -0.65 | −4.6% |
| Nov 4, 2024 | -0.33 | -0.31 | −6.5% |
| Jul 22, 2024 | 0.11 | 0.06 | +100.0% |
News
Insider trades: Blackberry, Accenture and Cleveland-Cliffs among notable namesSeeking Alpha · Oct 24, 2026Cleveland-Cliffs Inc. Q3 2026 Earnings Call SummaryYahoo Finance · Oct 19, 2026Cleveland-Cliffs could be forced to sell Canadian assets if layoffs proceed, minister warnsSeeking Alpha · Oct 15, 2026Cleveland-Cliffs (CLF) Stock Sinks As Market Gains: Here's WhyYahoo Finance · Sep 3, 2026Why Did Cleveland-Cliffs Stock Pop Today?Yahoo Finance · Aug 21, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
24No pass
Benjamin Graham
49No pass
Philip Fisher
42No pass
Peter Lynch
59No pass
Joel Greenblatt
0No pass
Charlie Munger
26No pass
Terry Smith
32No pass
Questions about Cleveland-Cliffs
Is Cleveland-Cliffs a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Cleveland-Cliffs AI analysis
What does Cleveland-Cliffs do?
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. It is in Steel, based in Cleveland, OH, United States, with 25,000 employees.
Does Cleveland-Cliffs pay a dividend?
No. Cleveland-Cliffs does not pay a dividend at the moment.
Is Cleveland-Cliffs stock halal?
No. Cleveland-Cliffs does not pass our halal screen: its debt is 100% of its market value, at or above the 33% limit. How we check
How has Cleveland-Cliffs stock done over the past year?
Up 20.4% over the past twelve months, to $12.65. It traded between $7.82 and $15.09 and is 16.2% below its high.
Who are Cleveland-Cliffs's competitors?
The largest listed companies in the same industry are Nucor, ArcelorMittal, JSW Steel and Steel Dynamics. The peers table on this page compares their profit, growth and price with Cleveland-Cliffs's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.