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Net Income at other companies

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$743M+376%
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Steel DynamicsSTLD
$403.44M+85.8%
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Suncoke EnergySXC
-$4.4M-125%
Metallus logo
MetallusMTUS
$5.4M+315%
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RelianceRS
$264.9M+32.6%
Worthington Steel logo
Worthington SteelWS
$10.4M-24.6%

Other financials

Income statement

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Revenue$4.9B+6.3%
Gross profit-$82.0M+79.3%
Operating income-$213.0M+60.8%
EPS (diluted)-$0.42+58.4%

Balance sheet

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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

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Operating cash flow-$325.0M+7.4%
CapEx$152.0M0.0%
Free cash flow-$477.0M+5.2%

Valuation

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Market cap$6.14B+77.8%
Enterprise value$13.86B+26.0%
P/S0.3×+0.1×

Profitability

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Gross margin-2.9%
Operating margin-6.6%-0.2pp
Net margin-6.2%0.0pp
FCF margin-5.3%-0.3pp

Returns & leverage

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Return on equity-19.3%+3.1pp
Debt / equity1.3×+0.1×
Current ratio-0.1×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept us-gaap:ProfitLoss.

The official record: Cleveland-Cliffs’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cleveland-Cliffs's net income?
Cleveland-Cliffs (CLF) reported net income of -$229M in Q1 2026.
How has Cleveland-Cliffs's net income changed year-over-year?
Cleveland-Cliffs's net income increased by 52.9% year-over-year, from -$486M to -$229M.
What is the long-term trend for Cleveland-Cliffs's net income?
Over 2 years (2021 to 2025), Cleveland-Cliffs's net income has grown at a -31.5% compound annual growth rate (CAGR), from $3.03B to -$1.43B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.