What is Cleveland-Cliffs's market cap?

Cleveland-Cliffs (CLF) has a market capitalization of $5.4B and trades on NYSE.

What is Cleveland-Cliffs's revenue and profitability?

Cleveland-Cliffs generated $18.9B in trailing twelve-month revenue with a net loss of $1.2B, representing a net margin of -6.2%. Gross margin stands at -2.9%, with free cash flow of -$997.0M. These figures are based on the Q1 2026 filing.

Who are Cleveland-Cliffs's competitors?

Cleveland-Cliffs's key competitors include Steel Dynamics, Inc., Nucor Corporation, Reliance, Inc., and others. These companies compete in similar markets and product categories.

Who does Cleveland-Cliffs partner with?

Cleveland-Cliffs's notable partners include United Steelworkers (USW).

What subsidiaries does Cleveland-Cliffs have?

Cleveland-Cliffs's subsidiaries include AK Steel, ArcelorMittal USA.

Where is Cleveland-Cliffs headquartered?

Cleveland-Cliffs is headquartered in United States of America and employs approximately 28,000 people. It has been publicly traded since 1972.

Cleveland-Cliffs

CLF

Cleveland-Cliffs is a leading North American steel producer and the largest flat-rolled steel company in the region.

Market cap

$5.42B+24.3%

Revenue$18.9B+1.6%

Net income-$1.2B-2.2%

Free cash flow-$997.0M+5.3%

EPS (diluted)-$2.32+5.3%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 20, 2026

Revenue$4.9BBeat by $113.6M EPS-$0.40Beat by $0.04

Read the full report

Next report

Jul 20, 2026 (In 1 week)

Revenue estimate$5.2B

EPS estimate-$0.18

Financials

Q1 2026

Income statement

See full

Revenue$4.9B+6.3%

Gross profit-$82.0M+79.3%

Operating income-$213.0M+60.8%

Net income-$229.0M+52.9%

EPS (diluted)-$0.42+58.4%

Balance sheet

See full

Cash & equivalents$45.0M-21.1%

Total debt$7.8B+2.1%

Total equity$5.8B-6.9%

Total assets$20.1B-3.5%

Cash flow

See full

Operating cash flow-$325.0M+7.4%

CapEx$152.0M0.0%

Free cash flow-$477.0M+5.2%

Valuation & ratios

Valuation

See full

Market cap$5.44B+24.3%

Enterprise value$13.16B+9.3%

P/S0.3×+0.1×

Profitability

See full

Gross margin-2.9%—

Operating margin-6.6%-0.2pp

Net margin-6.2%0.0pp

FCF margin-5.3%-0.3pp

Returns & leverage

See full

Return on equity-19.3%+3.1pp

Debt / equity1.3×+0.1×

Current ratio2×-0.1×

Segments

By product

See full

Coated steel$1.4B+5.1%

Hot-rolled steel$1.4B+20.9%

Cold-rolled steel$637.0M+7.8%

Other$617.0M+7.7%

Stainless and electrical steel$465.0M+4.7%

By segment

See full

Steelmaking$4.8B+6.7%

Other Businesses$167.0M+3.1%

Eliminations-$42.0M-50.0%

Competitors

By market cap

Nucor$51.8B+61.6%

Steel Dynamics$33.1B+66.4%

Reliance$19.4B+13.2%

Commercial Metals$6.8B+17.2%

Cleveland-Cliffs$5.4B+25.6%

Worthington Steel$1.6B+1.3%

Metallus$773.0M+10.9%

Friedman Industries$230.2M+97.7%

By revenue growth

Friedman Industries+45.5%

Commercial Metals+15.2%

Worthington Steel+5.6%

Cleveland-Cliffs+1.6%

By net margin

Steel Dynamics7.22%+0.4pp

Nucor6.82%+2.4pp

Commercial Metals6.02%+6.2pp

Reliance5.43%-0.2pp

Worthington Steel3.64%+0.2pp

Friedman Industries3.02%+1.7pp

Metallus0.245%-2.1pp

Cleveland-Cliffs-6.18%0.0pp

Profile

Cleveland-Cliffs is a leading North American steel producer and the largest flat-rolled steel company in the region. The company is uniquely vertically integrated, managing the entire value chain from iron ore mining and pellet production to primary steelmaking and downstream finishing, stamping, and tubing. Its core value proposition centers on being the primary supplier of high-quality, value-added sheet products to the automotive industry and a critical provider of electrical steels for grid modernization.

Competitive position

Cleveland-Cliffs is the dominant supplier of automotive-grade steel in North America and the only domestic producer of certain electrical steel grades. Its vertical integration provides a significant cost and supply chain advantage over EAF-based competitors who rely on imported pig iron.

GeographiesUnited States, Canada

Customer segmentsAutomotive OEMs, Energy Infrastructure, Manufacturing

Business modelVertically Integrated Manufacturing, B2B Industrial Sales

SuppliersElectricity and Natural Gas, Coking Coal, Mining Equipment, Logistics and Rail Services

CustomersAutomotive Manufacturers, Transformer Manufacturers, Construction Companies, Appliance Manufacturers

CountryUnited States of America

Listed1972

Employees28.0K

CEOC. Lourenco Goncalves

SectorBasic Materials

IndustrySteel

Websiteclevelandcliffs.com

FilingsSEC EDGAR

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Questions, answered.

What is Cleveland-Cliffs's market cap?: Cleveland-Cliffs (CLF) has a market capitalization of $5.4B and trades on NYSE.
What is Cleveland-Cliffs's revenue and profitability?: Cleveland-Cliffs generated $18.9B in trailing twelve-month revenue with a net loss of $1.2B, representing a net margin of -6.2%. Gross margin stands at -2.9%, with free cash flow of -$997.0M. These figures are based on the Q1 2026 filing.
Who are Cleveland-Cliffs's competitors?: Cleveland-Cliffs's key competitors include Steel Dynamics, Inc., Nucor Corporation, Reliance, Inc., and others. These companies compete in similar markets and product categories.
Who does Cleveland-Cliffs partner with?: Cleveland-Cliffs's notable partners include United Steelworkers (USW).
What subsidiaries does Cleveland-Cliffs have?: Cleveland-Cliffs's subsidiaries include AK Steel, ArcelorMittal USA.
Where is Cleveland-Cliffs headquartered?: Cleveland-Cliffs is headquartered in United States of America and employs approximately 28,000 people. It has been publicly traded since 1972.