balance equationreview2025-06-30
Difference 36000000 exceeds tolerance 20471000.000. Presentation or filing-vintage differences need review.
Revenue
$5.23B
Fiscal year ended 2026-06-30Operating income
-$49.00M
Fiscal year ended 2026-06-30Free cash flow
$73.00M
Fiscal year ended 2026-06-30CLEVELAND-CLIFFS INC. (CLF) reported revenue of $5.23B and net income of -$145.00M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from CLEVELAND-CLIFFS INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Metal Mining.
Income
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.23B | $4.92B | $4.31B | $4.73B | $4.93B | $4.63B | $4.32B | $4.57B | $5.09B | $5.20B |
| Cost of revenue | $5.09B | $5.00B | $4.52B | $4.78B | $5.15B | $5.02B | $4.60B | $4.68B | $4.93B | $4.91B |
| Gross profit | $132.00M | -$82.00M | -$206.00M | -$46.00M | -$212.00M | -$396.00M | -$273.00M | -$106.00M | $162.00M | $285.00M |
| Operating income | -$49.00M | -$213.00M | -$331.00M | -$204.00M | -$501.00M | -$543.00M | -$465.00M | -$261.00M | $6.00M | -$38.00M |
| Net income | -$145.00M | -$237.00M | -$243.00M | -$251.00M | -$486.00M | -$498.00M | -$447.00M | -$244.00M | $2.00M | -$67.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 571.00M | shares 570.00M | Unavailable | shares 495.00M | shares 495.00M | shares 495.00M | Unavailable | shares 468.00M | shares 474.00M | shares 492.00M |
| Pretax income | -$152.00M | -$307.00M | -$439.00M | -$309.00M | -$621.00M | -$635.00M | -$570.00M | -$308.00M | -$6.00M | -$61.00M |
| Income tax expense | -$20.00M | -$81.00M | -$206.00M | -$78.00M | -$148.00M | -$149.00M | -$136.00M | -$76.00M | -$15.00M | -$8.00M |
| Diluted EPS | $-0.25 | $-0.42 | Unavailable | $-0.51 | $-0.98 | $-1.01 | Unavailable | $-0.52 | $0.00 | $-0.14 |
| Selling, general & administrative | $154.00M | $125.00M | $144.00M | $130.00M | $137.00M | $133.00M | $139.00M | $112.00M | $103.00M | $132.00M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $70.00M | $45.00M | $57.00M | $66.00M | $61.00M | $57.00M | $54.00M | $39.00M | $110.00M | $30.00M |
| Total assets | $20.12B | $20.12B | $20.01B | $20.29B | $20.47B | $20.84B | $20.95B | $16.80B | $16.93B | $17.24B |
| Current assets | $6.81B | $6.71B | $6.44B | $6.69B | $6.69B | $6.96B | $6.91B | $6.03B | $6.19B | $6.47B |
| Total liabilities | $14.30B | $14.10B | $13.69B | $14.58B | $14.43B | $14.35B | $14.08B | $9.70B | $9.56B | $9.79B |
| Current liabilities | $3.61B | $3.32B | $3.30B | $3.28B | $3.28B | $3.27B | $3.36B | $3.26B | $3.32B | $3.40B |
| Total equity incl. NCI | $5.82B | $6.02B | $6.32B | $5.71B | $6.01B | $6.45B | $6.87B | $7.06B | $7.34B | $7.42B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $4.52B | $4.59B | $4.77B | $4.68B | $4.70B | $4.89B | $5.09B | $4.24B | $4.20B | $4.45B |
| Accounts receivable | $2.04B | $1.88B | $1.44B | $1.80B | $1.78B | $1.80B | $1.58B | $1.58B | $1.77B | $1.87B |
| Goodwill | $1.78B | $1.80B | $1.81B | $1.80B | $1.81B | $1.77B | $1.77B | $1.00B | $1.00B | $1.00B |
| Long-term debt | $7.70B | $7.76B | $7.25B | $8.04B | $7.73B | $7.60B | $7.06B | $3.77B | $3.51B | $3.66B |
| Accounts payable | $2.16B | $2.01B | $1.89B | $1.91B | $1.95B | $2.02B | $2.01B | $1.98B | $2.08B | $2.05B |
Cash flow
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $230.00M | -$325.00M | -$13.00M | -$143.00M | $45.00M | -$351.00M | -$472.00M | -$84.00M | $519.00M | $142.00M |
| Capital expenditures | $157.00M | $152.00M | $140.00M | $157.00M | $112.00M | $152.00M | $205.00M | $151.00M | $157.00M | $182.00M |
| Investing cash flow | -$126.00M | -$140.00M | -$85.00M | -$138.00M | -$111.00M | -$145.00M | -$2.74B | -$146.00M | -$152.00M | -$179.00M |
| Financing cash flow | -$79.00M | $454.00M | $89.00M | $286.00M | $68.00M | $499.00M | $3.23B | $159.00M | -$287.00M | -$131.00M |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | -$71.00M | $80.00M | -$168.00M |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | $0 | $0 | $0 | $0 | $0 | $0 | $125.00M | $608.00M |
| Depreciation & amortization | $262.00M | $259.00M | $272.00M | $288.00M | $393.00M | $282.00M | $258.00M | $235.00M | $228.00M | $230.00M |
Derived
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $73.00M | -$477.00M | -$153.00M | -$300.00M | -$67.00M | -$503.00M | -$677.00M | -$235.00M | $362.00M | -$40.00M |
| Gross margin | 2.5% | -1.7% | -4.8% | -1.0% | -4.3% | -8.6% | -6.3% | -2.3% | 3.2% | 5.5% |
| Operating margin | -0.9% | -4.3% | -7.7% | -4.3% | -10.2% | -11.7% | -10.8% | -5.7% | 0.1% | -0.7% |
| FCF margin | 1.4% | -9.7% | -3.5% | -6.3% | -1.4% | -10.9% | -15.7% | -5.1% | 7.1% | -0.8% |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | 1.89x | 2.02x | 1.95x | 2.04x | 2.04x | 2.13x | 2.06x | 1.85x | 1.87x | 1.90x |
| Revenue YoY growth | 5.9% | 6.3% | -0.3% | 3.6% | -3.1% | -11.0% | -15.4% | -18.5% | -14.9% | -1.8% |
| Net margin | -2.8% | -4.8% | -5.6% | -5.3% | -9.9% | -10.8% | -10.3% | -5.3% | Unavailable | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 3.0% | 3.1% | 3.2% | 3.3% | 2.3% | 3.3% | 4.7% | 3.3% | 3.1% | 3.5% |
| Long-term debt / equity | 1.32x | Unavailable | 1.15x | 1.41x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CLF in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-23View SEC filing
10-Q · Filed 2026-04-21View SEC filing
10-K · Filed 2026-02-09View SEC filing
10-Q · Filed 2025-10-22View SEC filing
10-Q · Filed 2025-07-23View SEC filing
10-Q · Filed 2025-05-08View SEC filing
Reconciliation checks needing review
6 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2025-03-31
Difference 33000000 exceeds tolerance 20836000.000. Presentation or filing-vintage differences need review.
balance equationreview2024-09-30
Difference 30000000 exceeds tolerance 16796000.000. Presentation or filing-vintage differences need review.
balance equationreview2024-06-30
Difference 28000000 exceeds tolerance 16928000.000. Presentation or filing-vintage differences need review.
balance equationreview2024-03-31
Difference 27000000 exceeds tolerance 17236000.000. Presentation or filing-vintage differences need review.
balance equationreview2023-12-31
Difference 24000000 exceeds tolerance 17537000.000. Presentation or filing-vintage differences need review.