Cleveland-Cliffs Inc. (CLF)
Cleveland-Cliffs Inc. brought in $20.1B of revenue over the twelve months to September 30, 2026, up 7.8% from a year earlier. It posted a net loss of $473M. In fiscal 2025 capital spending exceeded operating cash flow by $1B. At September 30, 2026 it held $77M in cash against $7.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 20, 2026.
Key facts about Cleveland-Cliffs Inc.
- Net worth
- Cleveland-Cliffs Inc. has a market value (market cap) of $7.3B at the latest share price, and shareholders' equity of $5.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $18.6B (-3.0% year on year), with a net loss of $1.5B. Over the 12 months to September 30, 2026: revenue $20.1B, net loss $473M.
- Cash flow
- In fiscal 2025 operations used $462M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 20, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Cleveland-Cliffs Inc.'s next report is expected around February 8, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Cleveland-Cliffs Inc. declared dividends of $0.06 per share in fiscal 2020.
What Cleveland-Cliffs Inc. does
Cleveland-Cliffs Inc. is registered with the SEC under industry code SIC 1000 (Metal Mining). Its shares trade on NYSE under the ticker CLF.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $18.6B | -$1.5B | -$2.91 | -$1B |
| 2024 | $19.2B | -$760M | -$1.58 | -$590M |
| 2023 | $22B | $385M | $0.75 | $1.6B |
| 2022 | $23B | $1.3B | $2.55 | $1.5B |
| 2021 | $20.4B | $3B | $5.36 | $2.1B |
| 2020 | $5.4B | -$122M | -$0.32 | -$783M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CLF ranks in Basic materials
Dividends
Cleveland-Cliffs Inc. declared $0.06 per share in fiscal 2020. It paid out $41M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2020 | $0.06 | $41M | n/a |
| 2019 | $0.27 | $72M | 25% |
| 2018 | $0.05 | $0 | 0% |
| 2017 | $0.00 | $0 | 0% |
| 2016 | $0.00 | $0 | 0% |
| 2015 | $0.00 | $0 | n/a |
Latest SEC filings
What Cleveland-Cliffs Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 20, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 19% to $5.6B versus the same quarter last year; diluted EPS $0.26 versus -$0.51.
- October 19, 2026
- September 18, 2026
- August 7, 2026Passive stake (5% or more) SCHEDULE 13G
- July 24, 2026
- July 23, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 5.9% to $5.2B versus the same quarter last year; diluted EPS -$0.25 versus -$0.98.
- July 23, 2026
- May 29, 2026
- May 20, 2026
- May 12, 2026Passive stake (5% or more) SCHEDULE 13G
Insider trades
What the people running Cleveland-Cliffs Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $99.8K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 22, 2026 | Camara EdilsonDirector | Bought | 7,400 | $99.8K |
| October 1, 2026 | Bloom Ron A.Director | Received as pay | 3,487 | $40K |
| October 1, 2026 | Cronin Jane M.Director | Received as pay | 3,487 | $40K |
| July 1, 2026 | Bloom Ron A.Director | Received as pay | 4,246 | $40K |
| July 1, 2026 | Cronin Jane M.Director | Received as pay | 4,246 | $40K |
| June 5, 2026 | Goncalves Celso L JrEVP, CFO | Sold | 214,308 | $2.9M |
| April 21, 2026 | Bloom Ron A.Director | Received as pay | 15,334 | - |
| April 21, 2026 | Camara EdilsonDirector | Received as pay | 15,334 | - |
Who owns CLF
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 5.24% | April 29, 2026 |
Largest institutional holders
Insiders
14 insiders reported holding 6,356,797 shares in total, about $81.7M at the last price.
| Holder | Shares |
|---|---|
| Goncalves LourencoChairman, President & CEO, Director | 3,015,486 |
| Fedor Terry G.EVP, Engineering & Technology | 567,255 |
| Smith Clifford TEVP & Chief Operating Officer | 560,529 |
| Koci KeithEVP & President, CC Services | 527,528 |
| Graham James DEVP Chief Legal Admin & Sec | 478,258 |
| Stoliar GabrielDirector | 258,992 |
| Michael Ralph S IIIDirector | 233,420 |
| Goncalves Celso L JrEVP, CFO | 184,542 |
| Yocum Arlene MDirector | 136,467 |
| Bloom Ron A.Director | 130,841 |
Questions about CLF
What does Cleveland-Cliffs Inc. do?
Cleveland-Cliffs Inc. is a company in the Basic materials sector, listed on NYSE as CLF. Its shares trade on NYSE under the ticker CLF.
What is Cleveland-Cliffs Inc.'s net worth?
Cleveland-Cliffs Inc. has a market value (market cap) of $7.3B at the latest share price, and shareholders' equity of $5.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Cleveland-Cliffs Inc. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $473M on revenue of $20.1B.
How much revenue does Cleveland-Cliffs Inc. make?
Over the twelve months to September 30, 2026 Cleveland-Cliffs Inc. reported revenue of $20.1B. That is 7.8% more than a year earlier.
When did Cleveland-Cliffs Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 20, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from October 23, 2026.
When is Cleveland-Cliffs Inc.'s next earnings report?
Cleveland-Cliffs Inc.'s next report is expected around February 8, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Cleveland-Cliffs Inc. pay a dividend?
Yes. Cleveland-Cliffs Inc. declared dividends of $0.06 per share in fiscal 2020.
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Where the numbers come from
Financial figures are the values Cleveland-Cliffs Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.