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CLF CLEVELAND-CLIFFS INC.

Trailing twelve months to 2026-06-30 · as filed 2026-07-23, not restated
Materials

Scale

Market cap
$6.7bn
Revenue TTM
$19.2bn
Net income TTM
$-907m
Free cash flow
$-857m
Composite score
15.5
Sector rank
#909

Valuation

P / E
EV / EBITDA
51.9
EV / sales
0.7
FCF yield
-12.78%
Earnings yield vs 10-yr
-18.26pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
-4.7%
EBITDA margin
1.4%
ROE
-16.2%
ROIC
-6.1%
Revenue growth
4.0%

Insider activity, last 90 days

Net open-market
$-2.87m
Buyers
0
Sellers
1

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

The price for domestic HRC, the most significant index impacting our revenues and profitability, averaged $1,079 per net ton during the second quarter of 2026, representing a 19% increase compared to the second quarter of 2025, and the highest quarterly average per net ton since the second quarter of 2022. During the second quarter of 2026, light vehicle sales in the U.S. saw an average seasonally adjusted annualized rate of 16.2 million units sold, representing a more than 500 thousand unit improvement compared to the first quarter of 2026. As we are fully integrated and have primarily a blast furnace footprint, increased prices for busheling scrap in the U.S. …CLEVELAND-CLIFFS INC., 10-Q, period ended 2026-06-30, filed 2026-07-23

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