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Net Income at other companies

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Worthington SteelWS
$10.8M-10.7%

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$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

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept us-gaap:ProfitLoss.

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
Income tax benefit20148101297
Loss from continuing operations(132)(473)(358)(959)
Loss from discontinued operations, net of tax(2)(5)
Net loss(134)(473)(363)(959)
Net income attributable to noncontrolling interests(11)(13)(19)(25)
Net loss attributable to Cliffs shareholders$(145)$(486)$(382)$(984)
Loss per common share attributable to Cliffs shareholders - basic
Continuing operations$(0.25)$(0.98)$(0.66)$(1.99)

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's net income?
Cleveland-Cliffs (CLF) reported net income of -$134M in Q2 2026.
How has Cleveland-Cliffs's net income changed year-over-year?
Cleveland-Cliffs's net income increased by 71.7% year-over-year, from -$473M to -$134M.
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 -31.4% compound annual growth rate (CAGR), from $3.03B to -$1.43B.
What does net income mean?
Net income as the starting point for the indirect method operating cash flow reconciliation.

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