Cleveland-Cliffs Inc.
CLF
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Cleveland-Cliffs Inc. is strategically positioned in the steel industry, benefiting from a recovering demand cycle as infrastructure spending increases.
- Revenue increased by 6% compared to the prior quarter, reaching $5.2 billion.
- Gross margin improved to 2.5%, up from -1.7% in the previous quarter.
- Despite recent improvements, Cleveland-Cliffs has a high debt-to-equity ratio of 132.74, indicating potential financial risk.
- The company reported a net income loss of $145 million in the latest quarter.
- Operating margin remains negative at -0.9%, reflecting ongoing operational challenges.
Fundamentals
| Market cap | $6.95B | Enterprise value | $14.82B | Trailing P/E | — | Forward P/E | 14.21 |
| PEG | 0.43 | Price / book | 1.24 | Beta | 2.09 | Dividend yield | 0.00% |
| Revenue growth | 5.9% | Earnings growth | — | Gross margin | -1.1% | Operating margin | 0.3% |
| Profit margin | -4.6% | ROE | -13.9% | ROA | -1.7% | Debt / equity | 1.33 |
| Current ratio | 1.89 | Free cash flow | $6.13M | Analyst recommendation | hold | Mean target | $12.60 |
| 52w high | $16.70 | 52w low | $7.73 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $5.2B | $4.9B | $4.3B | $4.7B | $4.9B | — |
| Op margin | -0.9% | -4.3% | -7.8% | -4.2% | -7.6% | — |
| Net income | -$145M | -$237M | -$243M | -$251M | -$486M | — |
| Gross margin | 2.5% | -1.7% | -4.8% | -1.0% | -4.3% | — |
| Gross profit | $132M | -$82.0M | -$206M | -$46.0M | -$212M | — |
| Operating income | -$46.0M | -$213M | -$337M | -$201M | -$376M | — |
- Revenue +6% vs prior quarter ($5.2B vs $4.9B).
- Gross margin 2.5% (was -1.7% prior quarter).
- Operating margin expanded to -0.9%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $18.6B | $19.2B | $22.0B | $23.0B | — |
| Op margin | -7.8% | -2.7% | 3.6% | 8.6% | — |
| Net income | -$1.5B | -$760M | $385M | $1.3B | — |
| Gross margin | -4.6% | 0.3% | 6.2% | 11.0% | — |
| Gross profit | -$860M | $63.0M | $1.4B | $2.5B | — |
| Operating income | -$1.5B | -$511M | $796M | $2.0B | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-07 · Cleveland-Cliffs (CLF) Dips More Than Broader Market: What You Should Know
2026-10-07 · Wells Fargo Upgrades Cleveland-Cliffs to Overweight From Equalweight, $14 Price Target
2026-10-06 · Steel Mill Fears Create a Buying Opportunity in Cleveland-Cliffs Stock
2026-10-06 · Wells Fargo upgrades Cleveland-Cliffs to $14 on hidden 2027 upside
2026-10-06 · Wells Fargo Upgrades Cleveland-Cliffs to Overweight From Equalweight, Adjusts PT to $14 From $12
2026-10-05 · Cleveland-Cliffs Jumps 10% as Stelco Fallout Fades Before October 19 Earnings; Nucor and Steel Dynamics Rise 5%
2026-10-04 · Cleveland Cliffs (CLF) Stock Gets Fair Value Bump As Analyst Views Split
2026-10-02 · The U.S. Marshals G20 Resistance Against China's 'Neijuan' Dilemma
2026-10-02 · Investors Heavily Search Cleveland-Cliffs Inc. (CLF): Here is What You Need to Know
2026-10-01 · Cleveland-Cliffs to Announce Third-Quarter 2026 Earnings Results and Host Conference Call on October 19
2026-10-01 · Steelworkers welcome Carney commitment to hold Cleveland-Cliffs accountable, call on PM to walk the talk
Price (daily)
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