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Cleveland-Cliffs CLF Retained Earnings

Retained Earnings at other companies

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$16.47B+8.6%
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$37.6M-74.1%
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-$48.2M+5.7%
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$7.48B+2.1%
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$140M-14.7%

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:RetainedEarningsAccumulatedDeficit.

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 share information)June 30,2026December 31,2025
Issued - 606,051,530 shares (2025 - 606,051,530 shares);
Outstanding - 570,527,556 shares (2025 - 569,759,243 shares)7676
Capital in excess of par value of shares5,7465,736
Retained deficit(911)(529)
Cost of 35,523,974 common shares in treasury (2025 - 36,292,287 shares)(643)(659)
Accumulated other comprehensive income1,3361,492
Total Cliffs shareholders' equity5,6046,116
Noncontrolling interests214207

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's retained earnings?
Cleveland-Cliffs (CLF) reported retained earnings of -$911M in Q2 2026.
How has Cleveland-Cliffs's retained earnings changed year-over-year?
Cleveland-Cliffs's retained earnings decreased by 91200.0% year-over-year, from $1M to -$911M.
What is the long-term trend for Cleveland-Cliffs's retained earnings?
Over 5 years (2020 to 2025), Cleveland-Cliffs's retained earnings has grown at a -29.3% compound annual growth rate (CAGR), from -$2.99B to -$529M.
What does retained earnings mean?
Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

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