CLEVELAND-CLIFFS INC.CLFEarnings & Financial Report

NYSE · iron and steel industry

Cleveland-Cliffs Inc. is an American steel manufacturer based in Cleveland, Ohio. It specializes in the mining, beneficiation, and pelletizing of iron ore, as well as steelmaking, including stamping and tooling. The company is ranked 22nd on the list of steel producers and is the second-largest steel producer in the United States after Nucor. It is the largest flat-rolled steel producer in North America. The company is ranked 221st on the Fortune 500 and 1511th on the Forbes Global 2000.

营收

$4.3B

毛利润

$-214.0M

营业利润

$-339.0M

净利润

$-241.0M

毛利率

-5.0%

营业利润率

-7.9%

净利率

-5.6%

同比增长

-0.3%

资金流向

CLEVELAND-CLIFFS INC. Q4 2025 Financial Summary

CLEVELAND-CLIFFS INC. reported revenue of $4.3B for Q4 2025, with a net profit of $-241.0M (-5.6% margin). Cost of goods sold was $4.5B, operating expenses totaled $125.0M.

Key Financial Metrics

Total Revenue	$4.3B
Net Profit	$-241.0M
Gross Margin	-5.0%
Operating Margin	-7.9%
Report Period	Q4 2025

CLEVELAND-CLIFFS INC. Annual Revenue by Year

CLEVELAND-CLIFFS INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $18.6B).

Year	Annual Revenue
2025	$18.6B
2024	$19.2B
2023	$22.0B
2022	$23.0B

利润表

	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
营收	$5.20B	$5.09B	$4.57B	$4.33B	$4.63B	$4.93B	$4.73B	$4.31B
同比增长	-1.8%	-14.9%	-18.5%	-15.4%	-11.0%	-3.1%	3.6%	-0.3%

资产负债表

	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
总资产	$17.24B	$16.93B	$16.80B	$20.95B	$20.84B	$20.47B	$20.29B	$20.01B
总负债	$9.79B	$9.56B	$9.70B	$14.05B	$14.35B	$14.43B	$14.58B	$13.69B
股东权益	$7.20B	$7.11B	$6.85B	$6.66B	$6.25B	$5.82B	$5.47B	$6.12B

现金流量表

	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
经营性现金流	$142.0M	$519.0M	$-84.0M	$-472.0M	$-351.0M	$45.0M	$-143.0M	$-13.0M