Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Cleveland-cliffs Inc.

CLF · NYSE · Materials

Fundamental quality

DEMANDING

34

out of 100

Breakdown by area

I.GrowthRevenue growth: -5.8%
16
II.ProfitabilityNet margin: -6.4% · ROE: -20.9%
22
III.Financial healthNet debt/EBITDA: -209.3x · FCF: -5.3%
64

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • Net cash position: more cash than debt.

Risks and weaknesses

  • No profits over the last twelve months (negative EPS).
  • Losses over the last twelve months (net margin of -6.4%).
  • Declining revenue (-5.8% annualized).
  • Negative free cash flow.

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
202120,4442,9882,0805,190
202222,9891,3351,4804,223
202321,9963851,6212,939
202419,185-760-5907,011
202518,610-1,478-1,0237,196

Between 2021 and 2025, revenue went from $20,444M to $18,610M (-9%) and net income went from $2,988M to -$1,478M (-149%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Cleveland-cliffs Inc. a profitable company?

Over the last twelve months, no: Cleveland-cliffs Inc. posts a negative net margin (-6.4%).

Does Cleveland-cliffs Inc. have a lot of debt?

No. Cleveland-cliffs Inc. has a net cash position: more cash than debt.

Is Cleveland-cliffs Inc. growing?

Its revenue has fallen 5.8% annualized in recent years.

Does Cleveland-cliffs Inc. generate cash?

Over the last twelve months its free cash flow was negative.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Cleveland-cliffs Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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