CLEVELAND-CLIFFS INC.
Company Stats
- Market Cap
- $6.3B
- as of Sep 30, 2026
- Enterprise Value
- $13.6B
- Shares Outstanding
- 570.6M
- Free Float
- 99.6%
Income Statement
- Revenue
- $18.6B
- Operating Income
- -$1.6B
- Net Income
- -$1.5B
- EBITDA
- -$344.0M
- Revenue Growth, 3Y
- -6.8%
- FCF Margin, 3Y Avg
- -0.4%
- FCF Margin, Worst Year
- -5.5%
Cash Flow
- Free Cash Flow
- -$1.0B
- FCF Yield
- -16.3%
- Owner FCF Yield
- -17.2%
Balance Sheet
- Cash & Equivalents
- $57.0M
- Total Debt
- $7.3B
- Net Debt
- $7.3B
Returns & Capital
- Buyback Yield, 3Y Avg
- 4.7%
- SBC, 3Y Avg
- $49.3M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $18.6B | -$1.0B | -5.5% |
| FY2024 | $19.2B | -$590.0M | -3.1% |
| FY2023 | $22.0B | $1.6B | 7.4% |
| FY2022 | $23.0B | $1.5B | 6.4% |
| FY2021 | $20.4B | $2.1B | 10.2% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 8, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Materials & Chemicals: Demand and Pricing Firm, Costs Squeeze