CLF
Cleveland-Cliffs Inc. Materials Metal Mining Russell 3000
$14.25Close
$8.1BMarket cap
$7.82 – $15.0952-week range
Mid-januaryNext report · estimated
Highlights
Cautions
- Trend not confirmed 7 of 8 conditions · 200-day not rising
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
6%
1wk
up 2.5%
price change
1mo
up 29.4%
price change
12-month return
up 16%
market up 11% ·
its own down 10%
F-score
2 / 9
Weak
Altman Z″
0.88
Elevated risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
1.3×
price / book
Earnings yield
down 10.3%
EBIT / enterprise value
Cheaper than
33%
of the market · expensive
Revenue growth
down 3%
year on year
EPS growth
—
latest quarter
Sales growth
up 19%
latest quarter · +13 pts
ROE
down 23%
return on equity
Free cash margin
down 5%
-$1.0B FCF
D/E
1.19
long-term debt / equity
Net debt / EBITDA
—
Interest cover
—EBIT / interest
Piotroski tests
- not yet profitable on its assets
- operating cash flow is negative
- profitability slipped from last year
- short-term liquidity weakened
- issued more shares
- gross margin narrowed
- assets working less efficiently
- profits backed by cash
- reduced long-term debt
Trade setup
ATR%
5.8%
$0.82 a day · 2×ATR $12.61
RS
75 / 99
vs the universe
Trend
7 / 8
200-day not rising
Relative volume
0.8×
vs 50-day average
Up/down volume
1.10
50 sessions
Implied move
—
no scheduled report
Trend template · 7 of 8
- 200-day average rising for a month: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Shareholders diluted The share count rose 15.3% over the year, from 494m to 570m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
- Gross margin narrowing Gross margin fell from 0.3% to -4.6%. The company is keeping less of each dollar of sales than it did a year ago.
- Revenue shrinking Revenue fell 3.0% over the year, from $19.2B to $18.6B.
Last reported
Oct 19, 2026
Results reaction
Oct 19, 2026+12% vs market2 sessions after results
Financials
- Gross -5%
- Net -8%
- Free cash -5%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $5.4B | $20.4B | $23.0B | $22.0B | $19.2B | $18.6B |
| Gross margin | 5% | 22% | 11% | 6% | 0% | -5% |
| Operating income | -$142.0M | $4.0B | $1.9B | $659.0M | -$763.0M | -$1.6B |
| Net income | -$122.0M | $3.0B | $1.3B | $385.0M | -$760.0M | -$1.5B |
| Net margin | -2% | 15% | 6% | 2% | -4% | -8% |
| Earnings per share | -$0.32 | $5.35 | $2.55 | $0.75 | -$1.58 | -$2.91 |
| Free cash flow | -$783.0M | $2.1B | $1.5B | $1.6B | -$590.0M | -$1.0B |
| Free cash margin | -15% | 10% | 6% | 7% | -3% | -5% |
| Cash | $112.0M | $48.0M | $26.0M | $198.0M | $54.0M | $57.0M |
| Long-term debt | $5.4B | $5.2B | $4.2B | $3.1B | $7.1B | $7.3B |
| Shareholders' equity | $2.0B | $5.5B | $7.8B | $7.9B | $6.6B | $6.1B |
| Shares outstanding | 477.52m | 500.16m | 513.34m | 504.89m | 493.95m | 569.76m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 20, 2026 | Quarterly ↗ | Sep 30, 2026 | 20d |
| Jul 23, 2026 | Quarterly ↗ | Jun 30, 2026 | 23d |
| Apr 21, 2026 | Quarterly ↗ | Mar 31, 2026 | 21d |
| Feb 9, 2026 | Annual ↗ | Dec 31, 2025 | 40d |
| Oct 22, 2025 | Quarterly ↗ | Sep 30, 2025 | 22d |
| Jul 23, 2025 | Quarterly ↗ | Jun 30, 2025 | 23d |
| May 8, 2025 | Quarterly ↗ | Mar 31, 2025 | 38d |
| Feb 25, 2025 | Annual ↗ | Dec 31, 2024 | 56d |
| Nov 5, 2024 | Quarterly ↗ | Sep 30, 2024 | 36d |
| Jul 24, 2024 | Quarterly ↗ | Jun 30, 2024 | 24d |
| Apr 25, 2024 | Quarterly ↗ | Mar 31, 2024 | 25d |
| Feb 8, 2024 | Annual ↗ | Dec 31, 2023 | 39d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 19, 2026 | Results ↗ |
| Jul 24, 2026 | Director or officer change ↗ |
| Jul 23, 2026 | Results ↗ |
| May 20, 2026 | Shareholder vote ↗ |
| Apr 20, 2026 | Results ↗ |
| Feb 23, 2026 | Director or officer change ↗ |
| Feb 9, 2026 | Results ↗ |
| Nov 12, 2025 | Director or officer change ↗ |
| Oct 31, 2025 | Other events ↗ |
| Oct 20, 2025 | Results ↗ |
| Oct 10, 2025 | Material agreement · New obligation ↗ |
| Oct 7, 2025 | Other events ↗ |