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Other financials

Income statement

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Revenue$5.2B+5.9%
Gross profit$132.0M+162%
Operating income-$49.0M+90.2%
Net income-$134.0M+71.7%
EPS (diluted)-$0.25+74.5%

Balance sheet

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Cash & equivalents$70.0M+14.8%
Total debt$7.7B-0.3%
Total equity$5.6B-3.7%
Total assets$20.1B-1.7%

Cash flow

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Operating cash flow-$325.0M+7.4%
CapEx$157.0M+40.2%
Free cash flow-$477.0M+5.2%

Valuation

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Market cap$6.98B+50.5%
Enterprise value$14.61B+18.8%
P/S0.4×+0.1×

Profitability

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Gross margin-1.1%
Operating margin-4.2%-1.5pp
Net margin-4.3%-1.5pp
FCF margin-5.3%-0.3pp

Returns & leverage

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Return on equity-14.6%-4.3pp
Debt / equity1.4×0.0×
Current ratio1.9×-0.2×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept us-gaap:EarningsPerShareBasic.

The source filing: Cleveland-Cliffs’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000764065-26-000100
(In millions, except per share amounts)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Loss per common share attributable to Cliffs shareholders - basic
Continuing operations$(0.25)$(0.98)$(0.66)$(1.99)
Discontinued operations(0.01)
$(0.25)$(0.98)$(0.67)$(1.99)
Loss per common share attributable to Cliffs shareholders - diluted
Continuing operations$(0.25)$(0.98)$(0.66)$(1.99)
Discontinued operations(0.01)
$(0.25)$(0.98)$(0.67)$(1.99)

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's EPS (basic)?
Cleveland-Cliffs (CLF) reported EPS (basic) of -$0.25 in Q2 2026.
How has Cleveland-Cliffs's EPS (basic) changed year-over-year?
Cleveland-Cliffs's EPS (basic) increased by 74.5% year-over-year, from -$0.98 to -$0.25.
What is the long-term trend for Cleveland-Cliffs's EPS (basic)?
Over 2 years (2021 to 2025), Cleveland-Cliffs's EPS (basic) has grown at a -28.4% compound annual growth rate (CAGR), from $5.70 to -$2.92.
What does EPS (basic) mean?
Net income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Does not account for dilutive securities.

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