Fundamental analysis · SEC EDGAR · TTM through 30/06/2026
CLF · NYSE · Materials
Fundamental quality
44
out of 100
Cleveland-Cliffs Inc. is in full growth mode but not yet profitable: revenue is growing strongly (26.2% a year), but it doesn't translate into earnings yet. On fundamental quality it scores 44 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its profitability (net margin -4.6%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Cleveland-Cliffs is the integrated steelmaker of the American automobile: its own iron mines in Minnesota and blast furnaces producing the flat steel of Detroit's cars. The purest — and most volatile — bet on steel made in America from its own ore.
Revenue growth: 26.2%
Net margin: -4.6% · ROE: -15.6%
Net debt/EBITDA: 26.88x · FCF: -4.5%
Source: SEC EDGAR · TTM through 30/06/2026
The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.
Percentile against the other 27 Materials companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 5,354 | -122 | -783 | 5,312 |
| 2021 | 20,444 | 2,988 | 2,080 | 5,190 |
| 2022 | 22,989 | 1,335 | 1,480 | 4,223 |
| 2023 | 21,996 | 385 | 1,621 | 2,939 |
| 2024 | 19,185 | -760 | -590 | 7,011 |
| 2025 | 18,610 | -1,478 | -1,023 | 7,196 |
Between 2020 and 2025, revenue went from $5,354M to $18,610M (+248%) and net income went from -$122M to -$1,478M (-1111%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):
Compared with the previous close (March 31, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$0.06
per share, yearly
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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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).
Compute the valuation →Is Cleveland-Cliffs Inc. a good company to invest in?
In terms of business quality, Cleveland-Cliffs Inc. scores 44 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Cleveland-Cliffs Inc. a profitable company?
Over the last twelve months, no: Cleveland-Cliffs Inc. posts a negative net margin (-4.6%).
Does Cleveland-Cliffs Inc. have a lot of debt?
Yes, its leverage is high: net debt is 26.88 times its EBITDA, and it has been rising.
Is Cleveland-Cliffs Inc. growing?
Its revenue has grown 26.2% 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.
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Who's behind the methodology and model · how the score is computed
Data: see Cleveland-Cliffs Inc.'s filings on EDGAR
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