CLF
Income statement / Annual
Last year (2025), Cleveland-Cliffs Inc's total revenue was $18.61 B,
a decrease of 3.00% from the previous year.
In 2025, Cleveland-Cliffs Inc's net income was -$1.48 B.
See Cleveland-Cliffs Inc,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$18.61 B |
$19.19 B |
$22.00 B |
$22.99 B |
$20.44 B |
$5.35 B |
$1.99 B |
$2.33 B |
$2.33 B |
$2.11 B |
| Cost of Revenue |
$19.37 B
|
$19.12 B
|
$20.61 B
|
$20.47 B
|
$15.91 B
|
$5.10 B
|
$1.41 B
|
$1.52 B
|
$1.82 B
|
$1.72 B
|
| Gross Profit |
-$763.00 M
|
$70.00 M
|
$1.39 B
|
$2.52 B
|
$4.53 B
|
$252.00 M
|
$575.70 M
|
$809.60 M
|
$509.60 M
|
$389.30 M
|
| Gross Profit Ratio |
-0.04
|
0
|
0.06
|
0.11
|
0.22
|
0.05
|
0.29
|
0.35
|
0.22
|
0.18
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$543.00 M
|
$486.00 M
|
$577.00 M
|
$465.00 M
|
$422.00 M
|
$244.00 M
|
$119.40 M
|
$116.80 M
|
$105.80 M
|
$117.80 M
|
| Other Expenses |
$50.00 M
|
$340.00 M
|
$137.00 M
|
$110.00 M
|
$80.00 M
|
$150.00 M
|
$27.00 M
|
$19.60 M
|
-$28.40 M
|
$31.60 M
|
| Operating Expenses |
$593.00 M
|
$826.00 M
|
$714.00 M
|
$575.00 M
|
$502.00 M
|
$394.00 M
|
$146.40 M
|
$136.40 M
|
$77.40 M
|
$149.40 M
|
| Cost And Expenses |
$19.97 B
|
$19.94 B
|
$21.32 B
|
$21.05 B
|
$16.43 B
|
$5.50 B
|
$1.56 B
|
$1.66 B
|
$1.48 B
|
$1.42 B
|
| Interest Income |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$594.00 M
|
$370.00 M
|
$289.00 M
|
$276.00 M
|
$337.00 M
|
$238.00 M
|
$101.00 M
|
$118.90 M
|
$126.80 M
|
$193.90 M
|
| Depreciation & Amortization |
$1.31 B
|
$951.00 M
|
$973.00 M
|
$1.03 B
|
$904.00 M
|
$308.00 M
|
$85.10 M
|
$89.00 M
|
$87.70 M
|
$115.40 M
|
| EBITDA |
-$45.00 M |
$378.00 M |
$1.86 B |
$3.11 B |
$5.04 B |
$353.00 M |
$498.40 M |
$776.00 M |
$477.90 M |
$288.00 M |
| EBITDA Ratio |
-0
|
0.02
|
0.08
|
0.14
|
0.25
|
0.07
|
0.25
|
0.33
|
0.21
|
0.14
|
| Operating Income Ratio |
-0.07
|
-0.04
|
0.03
|
0.08
|
0.2
|
-0.03
|
0.22
|
0.29
|
0.19
|
0.11
|
| Total Other Income/Expenses Net |
-$648.00 M
|
-$187.00 M
|
-$80.00 M
|
-$143.00 M
|
-$209.00 M
|
-$51.00 M
|
-$116.70 M
|
-$108.30 M
|
-$282.00 M
|
$76.30 M
|
| Income Before Tax |
-$2.00 B
|
-$943.00 M
|
$597.00 M
|
$1.80 B
|
$3.80 B
|
-$193.00 M
|
$312.60 M
|
$564.70 M
|
$137.30 M
|
$207.00 M
|
| Income Before Tax Ratio |
-0.11
|
-0.05
|
0.03
|
0.08
|
0.19
|
-0.04
|
0.16
|
0.24
|
0.06
|
0.1
|
| Income Tax Expense |
-$581.00 M
|
-$235.00 M
|
$148.00 M
|
$423.00 M
|
$773.00 M
|
-$111.00 M
|
$17.60 M
|
-$475.20 M
|
-$252.40 M
|
-$12.20 M
|
| Net Income |
-$1.48 B
|
-$754.00 M
|
$399.00 M
|
$1.34 B
|
$2.99 B
|
-$122.00 M
|
$292.80 M
|
$1.13 B
|
$374.90 M
|
$174.10 M
|
| Net Income Ratio |
-0.08
|
-0.04
|
0.02
|
0.06
|
0.15
|
-0.02
|
0.15
|
0.48
|
0.16
|
0.08
|
| EPS |
-3 |
-1.57 |
0.78 |
2.57 |
5.62 |
-0.32 |
1.06 |
3.8 |
1.3 |
0.88 |
| EPS Diluted |
-3 |
-1.57 |
0.78 |
2.55 |
5.35 |
-0.32 |
1.03 |
3.71 |
1.28 |
0.87 |
| Weighted Average Shares Out |
$492.16 M
|
$480.00 M
|
$510.00 M
|
$519.00 M
|
$558.56 M
|
$379.00 M
|
$276.76 M
|
$297.18 M
|
$288.44 M
|
$197.66 M
|
| Weighted Average Shares Out Diluted |
$492.16 M
|
$480.00 M
|
$511.00 M
|
$524.00 M
|
$558.00 M
|
$379.00 M
|
$284.48 M
|
$304.14 M
|
$292.96 M
|
$200.15 M
|
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