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Discontinued — last reported Q2 '26

Gross Profit at other companies

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NucorNUE
$1.5B+148%
Steel Dynamics logo
Steel DynamicsSTLD
$958.97M+55.1%
Metallus logo
MetallusMTUS
$25.1M+14.6%
Reliance logo
RelianceRS
$1.3B+19.5%
Worthington Steel logo
Worthington SteelWS
$118.8M-6.5%
Commercial Metals logo
Commercial MetalsCMC

Other financials

Income statement

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Revenue$5.2B+5.9%
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$7.22B+55.7%
Enterprise value$14.85B+20.7%
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

Calculated from Cleveland-Cliffs’s reported figures.

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

Filed
Jul 23, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000764065-26-000100

FAQ

What is Cleveland-Cliffs's gross profit?
Cleveland-Cliffs (CLF) reported gross profit of $132M in Q2 2026.
How has Cleveland-Cliffs's gross profit changed year-over-year?
Cleveland-Cliffs's gross profit increased by 162.3% year-over-year, from -$212M to $132M.
What is the long-term trend for Cleveland-Cliffs's gross profit?
Over 3 years (2021 to 2025), Cleveland-Cliffs's gross profit has grown at a -42.5% compound annual growth rate (CAGR), from $4.53B to -$860M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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