When did Cleveland-Cliffs report Q1 2025 earnings?

Cleveland-Cliffs (CLF) reported Q1 2025 earnings on May 7, 2025 before market open.

What were Cleveland-Cliffs's Q1 2025 revenue and EPS?

Cleveland-Cliffs reported revenue of $4.6B and diluted EPS of $-0.92 for Q1 2025.

Did Cleveland-Cliffs beat estimates in Q1 2025?

Revenue beat the consensus estimate of $4.6B by $3.3M. EPS missed the consensus estimate of $-0.83 by $0.09.

Where can I find Cleveland-Cliffs's Q1 2025 SEC filings?

You can read the 10-Q periodic report (0000764065-25-000103) directly on SEC EDGAR. The filing index links above go to sec.gov.

Cleveland-Cliffs CLF Q1 2025 earnings

Reported May 7, 2025 · Before market open

Revenue$4.6BBeat by $3.3M Diluted EPS-$0.92Miss by $0.09

Revenue estimate$4.6B

EPS estimate-$0.83

Next report

Jul 23, 2026 (In 1 week)

Revenue estimate$5.2B

EPS estimate-$0.18

Financials

Q1 2025

Income statement

See full

Revenue$4.6B-11.0%

Gross profit-$396.0M-239%

Operating income-$543.0M-1,329%

Net income-$486.0M-817%

EPS (diluted)-$1.01-621%

Balance sheet

See full

Cash & equivalents$57.0M+90.0%

Total debt$7.6B+107%

Total equity$6.3B-13.2%

Total assets$20.8B+20.9%

Cash flow

See full

Operating cash flow-$351.0M-347%

CapEx$152.0M-16.5%

Free cash flow-$503.0M-1,158%

Valuation & ratios

Valuation

as of 03/31/25

See full

Market cap$4.06B-64.1%

Enterprise value$11.61B-22.4%

P/S0.2×-0.3×

Profitability

See full

Operating margin-6.8%—

Net margin-6.1%—

FCF margin-5.7%-13.9pp

Returns & leverage

See full

Return on equity-17%—

Debt / equity1.2×+0.7×

Current ratio2.1×+0.2×

Segments

By product

See full

Coated steel$1.4B-16.1%

Hot-rolled steel$1.2B+3.4%

Cold-rolled steel$591.0M-21.1%

Other$573.0M+0.5%

Stainless and electrical steel$444.0M-3.7%

By segment

See full

Steelmaking$4.5B-11.0%

Other Businesses$162.0M-5.8%

Eliminations-$28.0M-7.7%

By geography

See full

United States$4.0B-8.4%

Canada$517.8M+94.1%

Versus estimates

Revenue

Q1 2026$4.9BBeat by $113.6M Q4 2025$4.3BMiss by $252.4M Q3 2025$4.7BBeat by $76.7M Q2 2025$4.9BBeat by $38.3M

Q1 2025$4.6BBeat by $3.3M

Q4 2024$4.3BMiss by $135.7M

Diluted EPS

Q1 2026-$0.40Beat by $0.04 Q4 2025-$0.43Beat by $0.19 Q3 2025-$0.45Beat by $0.03 Q2 2025-$0.50Beat by $0.18

Q1 2025-$0.92Miss by $0.09

Q4 2024-$0.68Miss by $0.03

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Questions, answered.

When did Cleveland-Cliffs report Q1 2025 earnings?: Cleveland-Cliffs (CLF) reported Q1 2025 earnings on May 7, 2025 before market open.
What were Cleveland-Cliffs's Q1 2025 revenue and EPS?: Cleveland-Cliffs reported revenue of $4.6B and diluted EPS of $-0.92 for Q1 2025.
Did Cleveland-Cliffs beat estimates in Q1 2025?: Revenue beat the consensus estimate of $4.6B by $3.3M. EPS missed the consensus estimate of $-0.83 by $0.09.
Where can I find Cleveland-Cliffs's Q1 2025 SEC filings?: You can read the 10-Q periodic report (0000764065-25-000103) directly on SEC EDGAR. The filing index links above go to sec.gov.