Cleveland-Cliffs Inc Financials
Cleveland-Cliffs Inc (CLF) reported $18.6B in revenue for fiscal year 2025, down 3.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cleveland-Cliffs shifted from cash-funded operations to debt-supported continuity as each sales dollar stopped covering production costs.
Over recent years, revenue fell only19.0% , yet gross margin slid from solidly positive to-4.6% ; that gap implies the main problem is not simply lower volume, but weaker unit economics on what the company still sells. That squeeze pushed operating cash flow from$2.4B to-$462M , so capital needs that were once funded internally now have to be met through financing.
The balance sheet is carrying more of the operating strain. Long-term debt rose by
Capital spending was reduced to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cleveland-Cliffs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cleveland-Cliffs Inc has an operating margin of -8.5%, meaning the company loses $8 on every $100 of revenue. This results in a profitability score of 24/100. This is down from -4.0% the prior year.
Cleveland-Cliffs Inc's revenue declined 3.0% year-over-year, from $19.2B to $18.6B. This contraction results in a growth score of 13/100.
Cleveland-Cliffs Inc has a moderate D/E ratio of 1.19. This balance of debt and equity financing earns a leverage score of 43/100.
Cleveland-Cliffs Inc's current ratio of 1.95 indicates adequate short-term liquidity, earning a score of 56/100. The company can meet its near-term obligations, though with limited headroom.
Cleveland-Cliffs Inc's operations used $462.0M of cash, and capex of $561.0M added to the outflow, for a free cash flow shortfall of $1.0B. This results in a cash flow score of 24/100.
Cleveland-Cliffs Inc posts a -24.2% return on equity (ROE), meaning it loses $24 for every $100 of shareholders' equity. This results in a returns score of 24/100. This is down from -11.5% the prior year.
Cleveland-Cliffs Inc scores 1.11, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Cleveland-Cliffs Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Cleveland-Cliffs Inc reported a net loss of $1.5B while operations used $462.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Cleveland-Cliffs Inc generated $18.6B in revenue in fiscal year 2025. This represents a decrease of 3.0% from the prior year.
Cleveland-Cliffs Inc's EBITDA was -$344.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 283.0% from the prior year.
Cleveland-Cliffs Inc reported -$1.5B in net income in fiscal year 2025. This represents a decrease of 94.5% from the prior year.
Cleveland-Cliffs Inc earned -$2.91 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 84.2% from the prior year.
Cash & Balance Sheet
Cleveland-Cliffs Inc recorded an outflow of $1.0B in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 73.4% from the prior year.
Cleveland-Cliffs Inc held $57.0M in cash against $7.3B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Cleveland-Cliffs Inc's gross margin was -4.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.9 percentage points from the prior year.
Cleveland-Cliffs Inc's operating margin was -8.5% in fiscal year 2025, reflecting core business profitability. This is down 4.5 percentage points from the prior year.
Cleveland-Cliffs Inc's net profit margin was -7.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.0 percentage points from the prior year.
Cleveland-Cliffs Inc's ROE was -24.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 12.7 percentage points from the prior year.
Capital Allocation
Cleveland-Cliffs Inc repurchased no shares in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Cleveland-Cliffs Inc invested $561.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 19.3% from the prior year.
Not reported for fiscal year 2025.
CLF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.2B | $18.6B-3.0% | $19.2B-12.8% | $22.0B-4.3% | $23.0B+12.4% | $20.4B+281.8% | $5.4B+169.0% | $2.0B-14.7% | $2.3B+25.0% | $1.9B+20.0% | $1.6B-22.8% | $2.0B-40.3% | $3.4B-13.3% | $3.9B-33.7% | $5.9B-10.5% | $6.6B |
| Cost of Revenue | $19.4B | $19.5B+1.8% | $19.1B-7.3% | $20.6B+0.7% | $20.5B+28.7% | $15.9B+211.8% | $5.1B+260.8% | $1.4B-7.2% | $1.5B+8.9% | $1.4B+9.7% | $1.3B-28.3% | $1.8B-28.6% | $2.5B+3.4% | $2.4B-48.8% | $4.7B+18.9% | $4.0B |
| Gross Profit | -$202.0M | -$860.0M-1465.1% | $63.0M-95.4% | $1.4B-45.5% | $2.5B-44.5% | $4.5B+1699.2% | $252.0M-56.2% | $575.7M-28.9% | $809.6M+73.1% | $467.6M+66.9% | $280.1M+18.4% | $236.5M-73.3% | $885.7M-40.3% | $1.5B+26.6% | $1.2B-55.1% | $2.6B |
| SG&A Expenses | $552.0M | $543.0M+11.7% | $486.0M-15.8% | $577.0M+24.1% | $465.0M+10.2% | $422.0M+73.0% | $244.0M+115.9% | $113.0M0.0% | $113.0M+9.8% | $102.9M-11.1% | $115.8M+5.3% | $110.0M-28.9% | $154.7M-5.6% | $163.8M-42.0% | $282.5M+13.8% | $248.3M |
| Operating Income | -$797.0M | -$1.6B-106.9% | -$763.0M-215.8% | $659.0M-66.0% | $1.9B-51.7% | $4.0B+2925.4% | -$142.0M-133.1% | $429.0M-36.3% | $673.0M+72.5% | $390.2M+198.5% | $130.7M-13.6% | $151.3M+16.3% | $130.1M-90.6% | $1.4B+547.0% | -$308.8M-113.4% | $2.3B |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$118.9M+6.2% | -$126.8M+34.6% | -$193.9M+15.1% | -$228.5M-29.3% | -$176.7M+5.2% | -$186.4M+4.7% | -$195.6M-190.3% | $216.5M |
| Income Tax | -$385.0M | -$581.0M-146.2% | -$236.0M-263.9% | $144.0M-66.0% | $423.0M-45.3% | $773.0M+796.4% | -$111.0M-716.7% | $18.0M+103.8% | -$475.0M-88.2% | -$252.4M-1968.9% | -$12.2M-107.2% | $169.3M+296.9% | -$86.0M-136.2% | $237.6M-7.2% | $255.9M-37.2% | $407.7M |
| Net Income | -$876.0M | -$1.5B-94.5% | -$760.0M-297.4% | $385.0M-71.2% | $1.3B-55.3% | $3.0B+2549.2% | -$122.0M-141.6% | $293.0M-74.0% | $1.1B+207.4% | $367.0M+110.8% | $174.1M+123.2% | -$749.3M+89.6% | -$7.2B-1847.1% | $413.5M+146.0% | -$899.4M-155.5% | $1.6B |
| EPS (Diluted) | — | -$2.91-84.2% | -$1.58-310.7% | $0.75-70.6% | $2.55-52.4% | $5.36+1775.0% | -$0.32 | $1.03-72.2% | $3.71+194.4% | $1.26+44.8% | $0.87+117.0% | -$5.13+89.2% | -$47.52-2105.1% | $2.37+137.5% | -$6.32-155.1% | $11.48 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CLF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $20.0B-4.5% | $20.9B+19.4% | $17.5B-6.5% | $18.8B-1.2% | $19.0B+13.1% | $16.8B+378.6% | $3.5B-0.7% | $3.5B+19.5% | $3.0B+53.5% | $1.9B-9.9% | $2.1B-32.1% | $3.1B-76.0% | $13.1B-3.5% | $13.6B-6.6% | $14.5B |
| Current Assets | $6.4B-6.8% | $6.9B+4.1% | $6.6B-10.6% | $7.4B-3.0% | $7.7B+44.5% | $5.3B+490.0% | $898.0M-39.3% | $1.5B-4.2% | $1.5B+87.3% | $824.6M-16.1% | $982.7M-31.1% | $1.4B-8.6% | $1.6B-5.5% | $1.6B-13.7% | $1.9B |
| Cash & Equivalents | $57.0M+5.6% | $54.0M-72.7% | $198.0M+661.5% | $26.0M-45.8% | $48.0M-57.1% | $112.0M-68.3% | $353.0M-57.1% | $823.2M-15.9% | $978.3M+212.8% | $312.8M+9.7% | $285.2M+5.1% | $271.3M-19.1% | $335.5M+71.9% | $195.2M-62.4% | $519.3M |
| Inventory | $4.8B-6.3% | $5.1B+14.2% | $4.5B-13.1% | $5.1B-1.1% | $5.2B+35.5% | $3.8B+1107.6% | $317.0M+75.0% | $181.1M+30.9% | $138.4M-22.4% | $178.4M-45.9% | $329.6M+26.7% | $260.1M-33.5% | $391.4M-10.3% | $436.5M-4.5% | $456.9M |
| Accounts Receivable | $1.4B-8.5% | $1.6B-14.3% | $1.8B-6.1% | $2.0B-9.0% | $2.2B+84.3% | $1.2B+1143.6% | $94.0M-58.5% | $226.7M+112.5% | $106.7M-17.1% | $128.7M+220.1% | $40.2M-67.2% | $122.7M-54.6% | $270.0M-17.9% | $329.0M+14.3% | $287.9M |
| Goodwill | $1.8B+2.6% | $1.8B+75.9% | $1.0B-11.1% | $1.1B+1.3% | $1.1B-20.6% | $1.4B+70200.0% | $2.0M | N/A | N/A | N/A | $2.0M0.0% | $2.0M-97.3% | $74.5M-55.5% | $167.4M-85.5% | $1.2B |
| Total Liabilities | $13.7B-2.8% | $14.1B+49.5% | $9.4B-12.1% | $10.7B-18.8% | $13.2B-3.6% | $13.7B+335.2% | $3.1B+1.3% | $3.1B-8.6% | $3.4B+4.4% | $3.3B-17.5% | $3.9B-19.1% | $4.9B-21.7% | $6.2B-20.2% | $7.8B+4.2% | $7.5B |
| Current Liabilities | $3.3B-1.8% | $3.4B-4.2% | $3.5B-1.2% | $3.5B-0.3% | $3.6B+21.6% | $2.9B+616.1% | $409.0M-12.6% | $468.2M+3.5% | $452.2M+15.6% | $391.1M-32.8% | $581.7M-39.1% | $954.5M-12.1% | $1.1B-21.4% | $1.4B-8.0% | $1.5B |
| Long-Term Debt | $7.3B+2.7% | $7.1B+125.2% | $3.1B-26.2% | $4.2B-18.9% | $5.2B-2.8% | $5.4B+155.0% | $2.1B+1.0% | $2.1B-9.2% | $2.3B+5.9% | $2.2B-19.4% | $2.7B-4.5% | $2.8B-6.5% | $3.0B-23.7% | $4.0B+9.8% | $3.6B |
| Total Equity | $6.1B-7.8% | $6.6B-15.9% | $7.9B+1.2% | $7.8B+41.9% | $5.5B+172.1% | $2.0B+463.7% | $358.0M-15.6% | $424.2M+195.5% | -$444.3M+69.7% | -$1.5B+26.1% | -$2.0B-38.4% | -$1.4B-123.6% | $6.1B+31.0% | $4.6B-19.9% | $5.8B |
| Retained Earnings | -$529.0M-155.7% | $949.0M-45.2% | $1.7B+29.9% | $1.3B+133500.0% | -$1.0M+100.0% | -$3.0B-5.2% | -$2.8B+7.1% | -$3.1B+27.3% | -$4.2B+8.0% | -$4.6B+3.7% | -$4.7B-19.9% | -$4.0B-216.2% | $3.4B+5.9% | $3.2B-27.3% | $4.4B |
CLF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$251.0M | -$462.0M-540.0% | $105.0M-95.4% | $2.3B-6.4% | $2.4B-13.0% | $2.8B+1179.5% | -$258.0M-145.4% | $568.0M+18.6% | $479.0M+41.7% | $338.1M+11.6% | $303.0M+699.5% | $37.9M-89.4% | $358.9M-68.7% | $1.1B+122.7% | $514.5M-77.5% | $2.3B |
| Capital Expenditures | $606.0M | $561.0M-19.3% | $695.0M+7.6% | $646.0M-31.5% | $943.0M+33.8% | $705.0M+34.3% | $525.0M-20.0% | $656.0M+121.6% | $296.0M+119.4% | $134.9M+1723.0% | $7.4M-90.8% | $80.8M-71.6% | $284.1M-67.0% | $861.6M-23.6% | $1.1B+28.0% | $880.7M |
| Free Cash Flow | -$857.0M | -$1.0B-73.4% | -$590.0M-136.4% | $1.6B+9.5% | $1.5B-28.8% | $2.1B+365.6% | -$783.0M-789.8% | -$88.0M-148.1% | $183.0M-9.9% | $203.2M-31.3% | $295.6M+789.0% | -$42.9M-157.4% | $74.8M-73.7% | $284.3M+146.4% | -$613.0M-143.5% | $1.4B |
| Investing Cash Flow | -$489.0M | -$479.0M+85.1% | -$3.2B-443.5% | -$591.0M+36.9% | -$936.0M+32.1% | -$1.4B+32.5% | -$2.0B-217.1% | -$644.0M-135.9% | -$273.0M-75.0% | -$156.0M-169.4% | -$57.9M+43.9% | -$103.2M+0.4% | -$103.6M+87.2% | -$811.3M+15.6% | -$961.8M+81.9% | -$5.3B |
| Financing Cash Flow | $750.0M | $942.0M-68.3% | $3.0B+297.5% | -$1.5B+0.3% | -$1.5B-2.7% | -$1.5B-171.4% | $2.1B+622.6% | -$394.0M-4.8% | -$376.0M-175.4% | $498.9M+341.7% | -$206.4M-438.4% | $61.0M+121.2% | -$288.3M-67.7% | -$171.9M-243.7% | $119.6M-93.9% | $2.0B |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | $41.0M-43.1% | $72.0M | $0 | $0 | $0 | $0-100.0% | $92.5M+0.7% | $91.9M-70.1% | $307.2M+158.4% | $118.9M |
| Share Buybacks | N/A | $0-100.0% | $733.0M+382.2% | $152.0M-36.7% | $240.0M | $0 | $0-100.0% | $253.0M+427.1% | $48.0M | $0 | N/A | N/A | N/A | $0 | $0-100.0% | $289.8M |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CLF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -4.6%-4.9pp | 0.3%-5.9pp | 6.2%-4.7pp | 10.9%-11.2pp | 22.2%+17.5pp | 4.7%-24.2pp | 28.9%-5.8pp | 34.7%+9.7pp | 25.1%+7.0pp | 18.0%+6.3pp | 11.8%-14.5pp | 26.3%-11.9pp | 38.1%+18.2pp | 20.0%-19.8pp | 39.8% |
| Operating Margin | -8.5%-4.5pp | -4.0%-7.0pp | 3.0%-5.4pp | 8.4%-11.2pp | 19.6%+22.3pp | -2.6%-24.2pp | 21.6%-7.3pp | 28.9%+8.0pp | 20.9%+12.5pp | 8.4%+0.9pp | 7.5%+3.7pp | 3.9%-31.6pp | 35.5%+40.7pp | -5.3%-40.3pp | 35.0% |
| Net Margin | -7.9%-4.0pp | -4.0%-5.7pp | 1.8%-4.1pp | 5.8%-8.8pp | 14.6%+16.9pp | -2.3%-17.0pp | 14.7%-33.7pp | 48.4%+28.7pp | 19.7%+8.5pp | 11.2%+48.4pp | -37.2% | -214.2% | 10.6%+25.9pp | -15.3%-40.0pp | 24.7% |
| Return on Equity | -24.2%-12.7pp | -11.5%-16.3pp | 4.9%-12.3pp | 17.1%-37.3pp | 54.4%+60.5pp | -6.0%-87.9pp | 81.8%-184.1pp | 265.9% | N/A | N/A | N/A | N/A | 6.8%+26.2pp | -19.4%-47.4pp | 28.0% |
| Return on Assets | -7.4%-3.8pp | -3.6%-5.8pp | 2.2%-4.9pp | 7.1%-8.6pp | 15.8%+16.5pp | -0.7%-9.1pp | 8.4%-23.6pp | 32.0%+19.5pp | 12.4%+3.4pp | 9.0%+44.1pp | -35.1%+194.4pp | -229.5%-232.7pp | 3.2%+9.8pp | -6.6%-17.8pp | 11.1% |
| Current Ratio | 1.95-0.1x | 2.06+0.2x | 1.89-0.2x | 2.09-0.1x | 2.15+0.3x | 1.81-0.4x | 2.20-1.0x | 3.16-0.3x | 3.42+1.3x | 2.11+0.4x | 1.69+0.2x | 1.49+0.1x | 1.44+0.2x | 1.19-0.1x | 1.27 |
| Debt-to-Equity | 1.19+0.1x | 1.06+0.7x | 0.40-0.1x | 0.55-0.4x | 0.95-1.7x | 2.67-3.2x | 5.91+1.0x | 4.93 | N/A | N/A | N/A | N/A | 0.50-0.4x | 0.85+0.2x | 0.62 |
| FCF Margin | -5.5%-2.4pp | -3.1%-10.5pp | 7.4%+0.9pp | 6.4%-3.7pp | 10.2%+24.8pp | -14.6%-10.2pp | -4.4%-12.3pp | 7.8%-3.0pp | 10.9%-8.1pp | 19.0%+21.2pp | -2.1%-4.3pp | 2.2%-5.1pp | 7.3%+17.8pp | -10.4%-31.9pp | 21.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Cleveland-Cliffs Inc Ranks
Frequently Asked Questions
What is Cleveland-Cliffs Inc's annual revenue?
Cleveland-Cliffs Inc (CLF) reported $18.6B in total revenue for fiscal year 2025. This represents a -3.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cleveland-Cliffs Inc's revenue growing?
Cleveland-Cliffs Inc (CLF) revenue declined by 3.0% year-over-year, from $19.2B to $18.6B in fiscal year 2025.
Is Cleveland-Cliffs Inc profitable?
No, Cleveland-Cliffs Inc (CLF) reported a net income of -$1.5B in fiscal year 2025, with a net profit margin of -7.9%.
What is Cleveland-Cliffs Inc's EBITDA?
Cleveland-Cliffs Inc (CLF) had EBITDA of -$344.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Cleveland-Cliffs Inc have?
As of fiscal year 2025, Cleveland-Cliffs Inc (CLF) had $57.0M in cash and equivalents against $7.3B in long-term debt.
What is Cleveland-Cliffs Inc's gross margin?
Cleveland-Cliffs Inc (CLF) had a gross margin of -4.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cleveland-Cliffs Inc's operating margin?
Cleveland-Cliffs Inc (CLF) had an operating margin of -8.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Cleveland-Cliffs Inc's net profit margin?
Cleveland-Cliffs Inc (CLF) had a net profit margin of -7.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Cleveland-Cliffs Inc's return on equity (ROE)?
Cleveland-Cliffs Inc (CLF) has a return on equity of -24.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cleveland-Cliffs Inc's free cash flow?
Cleveland-Cliffs Inc (CLF) recorded an outflow of $1.0B in free cash flow during fiscal year 2025. This represents a -73.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cleveland-Cliffs Inc's operating cash flow?
Cleveland-Cliffs Inc (CLF) recorded an outflow of $462.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Cleveland-Cliffs Inc's total assets?
Cleveland-Cliffs Inc (CLF) had $20.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cleveland-Cliffs Inc's capital expenditures?
Cleveland-Cliffs Inc (CLF) invested $561.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Cleveland-Cliffs Inc's current ratio?
Cleveland-Cliffs Inc (CLF) had a current ratio of 1.95 as of fiscal year 2025, which is generally considered healthy.
What is Cleveland-Cliffs Inc's debt-to-equity ratio?
Cleveland-Cliffs Inc (CLF) had a debt-to-equity ratio of 1.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cleveland-Cliffs Inc's return on assets (ROA)?
Cleveland-Cliffs Inc (CLF) had a return on assets of -7.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Cleveland-Cliffs Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Cleveland-Cliffs Inc (CLF) held $57.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $462.0M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Cleveland-Cliffs Inc's Altman Z-Score?
Cleveland-Cliffs Inc (CLF) has an Altman Z-Score of 1.11, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cleveland-Cliffs Inc's Piotroski F-Score?
Cleveland-Cliffs Inc (CLF) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cleveland-Cliffs Inc's earnings high quality?
Cleveland-Cliffs Inc (CLF) reported a net loss of $1.5B while operations used $462.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Cleveland-Cliffs Inc?
Cleveland-Cliffs Inc (CLF) scores 31 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.