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CLEVELAND-CLIFFS INC.

CLF

$12.52 ▼ -0.35 (-2.72%) at close

20 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

CLEVELAND-CLIFFS INC. faces fundamental challenges with weakness in Return on Common Equity (%) and Profit Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $6.4B

Dividend Yield —

Revenue Growth -3.0% ↗

Op. Margin -8.5% ↘

ROIC -8.4% ↘

FCF / Share $-2.01 ↘

Trailing P/E —

Price / Book 1.2x

FCF Yield —

Debt / Equity 1.19

info Valuation on last close. End-of-day price, Sep 24, 2026.

20-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$18.61B

↓ -3.0% —

Net Income Profit after all expenses

$-1.48B

↓ -94.5% —

Operating Margin Operating profit as % of sales

-8.5%

↓ -113.3% 17th

FCF / Share Free cash flow per share

$-2.01

↓ -63.8% —

Long-Term Debt Long-term obligations

$7.25B

↑ +2.7% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability

Returns

Financial Health ↑

Cash Quality →

Dividend History

Dividend / share · sourced from SEC filings

$0.06 Latest / share

-77.8% YoY

-31.9% 7-yr CAGR

$0.60

FY 2014

$0.00

FY 2015

$0.00

FY 2016

$0.00

FY 2017

$0.05

FY 2018

$0.27

FY 2019

$0.06

FY 2020

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	-3.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-160%)	-12.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-356%)	-4.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-186%)	12.4% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+149%)	281.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+5537%)	169.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3281%)	-14.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-394%)	25.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+400%)	-11.5% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-330%)	4.8% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	-40.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-906%)	-40.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-915%)	-3.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-162%)	-10.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-311%)	40.2% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+704%)	99.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1898%)	-35.1% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-802%)	58.6% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1073%)	—	—
EPS Growth YoY (%)	-84.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	-69.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-54.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-72.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	196.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	45.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	89.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	53.2% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	359.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-67.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	58.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-94.5% Weak ↓ Weak Declining Year-over-year change in net income	N/M	-70.1% Weak Weak Year-over-year change in net income	-55.3% Weak Weak Year-over-year change in net income	N/M	N/M	-74.0% Weak ↓ Weak Declining Year-over-year change in net income	207.4% Excellent ↑ Excellent Improving Year-over-year change in net income	110.8% Excellent Excellent Year-over-year change in net income	N/M	89.6% Excellent Excellent Year-over-year change in net income	N/M	N/M	N/M	58.8% Excellent ↓ Excellent Declining Year-over-year change in net income	397.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-60.2% Weak Weak Year-over-year change in net income	91.0% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	-63.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	N/M	11.5% Fair ↑ Fair Improving Year-over-year change in free cash flow	-31.7% Weak Weak Year-over-year change in free cash flow	N/M	-515.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	N/M	18.1% Good Good Year-over-year change in free cash flow	-5.9% Weak Weak Year-over-year change in free cash flow	N/M	N/M	-73.9% Weak Weak Year-over-year change in free cash flow	N/M	N/M	29.0% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	1301.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-91.6% Weak Weak Year-over-year change in free cash flow	513.6% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-6.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-2.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	60.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	126.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	106.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	42.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-1.9% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	5.0% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-17.9% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-28.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-30.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-19.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	6.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	35.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	22.1% Excellent Excellent Compound annual revenue growth over 3 years	27.2% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	28.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	57.3% Excellent → Excellent Stable Compound annual revenue growth over 5 years	56.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	65.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	57.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	21.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	-10.0% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-16.3% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-20.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-20.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-15.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	7.6% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	9.5% Good Good Compound annual revenue growth over 5 years	20.9% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	34.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	14.0% Good Good Compound annual EPS growth over 3 years	—	6.4% Fair Fair Compound annual EPS growth over 3 years	—	—	-28.4% Weak Weak Compound annual EPS growth over 3 years	—	—	-31.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	31.6% Excellent Excellent Compound annual EPS growth over 3 years	33.2% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	-8.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-157%)	-4.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-127%)	3.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	8.4% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	19.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+31%)	-2.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-118%)	21.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+44%)	28.9% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+92%)	20.9% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+39%)	11.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-24%)	7.5% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	3.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	11.8% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	-5.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-135%)	35.0% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+133%)	27.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+81%)	9.8% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	26.0% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+73%)	16.8% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	—
Effective Tax Rate (%) (%)	29.0% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.8% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.8% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.6% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.3% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	57.5% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	-7.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-179%)	-4.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-140%)	1.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	5.8% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	14.6% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+46%)	-2.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-123%)	14.7% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+47%)	48.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+384%)	19.7% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+97%)	8.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	-37.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-472%)	-214.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2242%)	7.3% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	-15.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-253%)	24.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+147%)	21.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+118%)	8.8% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	14.3% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+43%)	11.9% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	—
FCF Margin (%) (%)	-5.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-3.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	10.2% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-14.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-4.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	16.8% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.2% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.1% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-2.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-10.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	21.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	22.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	3.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	18.6% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	3.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.69x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.78x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	4.06x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.11x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	0.70x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	6.42x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.32x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.35x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.88x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	1.34x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.06x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.01x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.69x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.68x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.87x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	1.03x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.34x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.30x Good Good Free cash flow relative to reported net income Optimal: > 1x	0.33x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%)	-8.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-4.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	12.3% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	29.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-0.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	13.7% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	21.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.6% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	26.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	7.4% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	5.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	-2.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	19.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	18.1% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	7.2% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	42.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	-7.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-3.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	10.3% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	21.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	-0.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	12.2% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	19.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	13.2% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	12.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	7.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	4.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	-2.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	15.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	16.3% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	5.0% Caution Caution Operating profit relative to total assets Optimal: > 10%	22.8% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-24.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-301%)	-11.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-195%)	5.1% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-58%)	17.1% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+43%)	54.4% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+354%)	-6.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-150%)	81.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+582%)	265.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+2116%)	-82.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-788%)	-11.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-199%)	37.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+215%)	—	6.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-43%)	-19.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-262%)	28.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+133%)	26.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+121%)	8.1% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-33%)	29.5% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+146%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	1.19x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+137%)	1.06x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+113%)	0.40x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-20%)	0.55x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+9%)	0.95x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+91%)	2.69x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+438%)	5.91x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1081%)	4.93x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+887%)	-5.19x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-1137%)	-1.50x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-399%)	-1.36x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-372%)	-1.97x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-495%)	0.50x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.88x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+75%)	0.62x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+25%)	0.45x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-11%)	—	—	—	—
Interest Coverage (x)	-3.44x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-2.99x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	2.64x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	7.79x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	13.42x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	-0.84x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	4.38x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	6.37x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	2.81x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.20x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.66x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.74x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.75x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	-1.58x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	11.14x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	18.12x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	5.90x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	23.59x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	16.88x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$7.20B	$7.01B	$2.94B	$4.22B	$5.19B	$5.31B	$1.76B	$1.27B	$1.33B	$1.87B	$2.41B	$2.56B	$2.71B	$3.86B	$3.09B	$146.40M	$-502.70M	$-179.00M	$-157.10M	$-351.70M
Debt / EBITDA (x)	-21.08x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	37.58x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.90x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.43x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.07x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	32.67x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.11x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.75x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.82x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.16x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.46x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.46x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.41x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	18.69x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.32x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.08x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$36.63	$39.97	$43.13	$44.29	$41.05	$14.13	$7.18	$7.85	$6.47	$10.67	$13.14	$22.03	$37.51	$41.26	$46.81	$34.61	$18.74	$35.57	$27.42	—
Basic EPS, GAAP (USD)	$-2.91	$-1.58	$0.78	$2.57	$5.63	$-0.32	$1.06	$3.80	$1.28	$0.88	$-5.14	$-47.52	$2.40	$-6.32	$11.55	$7.54	$1.64	$5.07	$3.19	—
Free Cash Flow per Share (USD)	$-2.01	$-1.23	$3.18	$2.85	$4.18	$-2.07	$-0.34	$1.32	$1.11	$1.18	$-0.28	$0.49	$1.87	$-4.31	$10.04	$7.78	$0.56	$6.61	$1.08	—
Dividend per Share (USD)	—	—	—	—	—	$0.06	$0.27	$0.05	$0.00	$0.00	$0.00	$0.60	$0.60	$2.16	$0.84	$0.51	$0.26	$0.35	$0.25	—
Book Value per Share (USD)	$10.73	$13.43	$15.62	$15.18	$10.98	$4.23	$1.33	$1.45	$-1.49	$-6.28	$-12.90	$-9.34	$39.64	$32.51	$40.73	$28.39	$19.41	$15.42	—	—
Tangible Book Value per Share (USD)	$5.56	$7.48	$13.23	$12.98	$8.75	$1.28	$1.32	$1.45	$-1.49	$-6.28	$-12.91	$-9.35	$39.15	$31.34	$31.59	$25.64	$17.97	$14.44	—	—
Basic Weighted Avg Shares (shares)	508.00M	480.00M	510.00M	519.00M	498.00M	379.00M	277.00M	297.20M	288.40M	197.66M	153.23M	153.10M	151.73M	142.35M	140.23M	135.30M	125.00M	101.47M	82.99M	—
Dividend Payout Ratio (%)	—	—	—	—	—	-18.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	25.5% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	1.3% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	—	0.0% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-1.3% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	—	-34.2% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	7.3% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$3.13B	$3.55B	$3.13B	$3.87B	$4.09B	$2.37B	$489.00M	$1.01B	$1.09B	$433.50M	$401.00M	$470.80M	$474.50M	$268.50M	$409.10M	$1.55B	$590.80M	$16.80M	—	—
LT Debt (USD)	$7.25B	$7.07B	$3.14B	$4.25B	$5.24B	$5.42B	$2.11B	$2.09B	$2.30B	$2.19B	$2.70B	$2.83B	$3.04B	$4.05B	$3.61B	$1.71B	—	—	—	—
Total Equity (USD)	$6.12B	$6.63B	$7.89B	$7.79B	$5.49B	$2.02B	$358.00M	$424.20M	$-444.30M	$-1.46B	$-1.98B	$-1.43B	$6.07B	$4.63B	$5.79B	$3.85B	$2.54B	$1.75B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$18.61B	$19.18B	$22.00B	$22.99B	$20.44B	$5.35B	$1.99B	$2.33B	$1.87B	$2.11B	$2.01B	$3.37B	$5.69B	$5.87B	$6.56B	$4.68B	$2.34B	$3.61B	$2.28B	—
Depreciation Expense (USD)	$1.24B	$951.00M	$973.00M	$1.03B	$897.00M	$308.00M	$85.00M	$89.00M	$87.70M	$115.40M	$134.00M	$504.00M	$593.30M	$525.80M	$426.90M	$322.30M	$236.60M	$201.10M	$107.20M	—
Net Income, GAAP (USD)	$-1.48B	$-760.00M	$399.00M	$1.33B	$2.99B	$-122.00M	$293.00M	$1.13B	$367.00M	$174.10M	$-749.30M	$-7.22B	$413.50M	$-899.40M	$1.62B	$1.02B	$205.10M	$515.80M	$270.00M	—
Operating Cash Flow (USD)	$-462.00M	$105.00M	$2.27B	$2.42B	$2.79B	$-258.00M	$563.00M	$478.50M	$338.10M	$303.00M	$37.90M	$358.90M	$1.15B	$514.50M	$2.29B	$1.32B	$185.70M	$853.20M	$288.90M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 2 days ago 20 years · 74 quarters

CLEVELAND-CLIFFS INC.

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