C

    Cleveland-Cliffs Inc (CLF)

    Official site

    BASIC MATERIALS • STEEL • NYSE

    $11.55
    -0.07 (-0.60%)

    Market Cap: $6.63B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    63%(25/40)
    Avg Surprise
    +30.92%
    Streak
    5 Q

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$0.22
    Range$0.15 - $0.28
    8 analysts
    EPS RevisionsNo revisions (7d)
    3
    2
    30d
    EPS Estimate Drift
    90d ago$0.10-55.7%
    60d ago$0.18-17.8%
    30d ago$0.19-14.1%
    7d ago$0.22+1.1%
    Current$0.22
    Revenue Consensus
    $5.7B
    Range$5.6B - $5.8B
    8 analysts
    Dec 31, 2026
    EPS Consensus$0.23
    Range$0.05 - $0.47
    7 analysts
    Revenue Consensus
    $5.8B
    Range$5.5B - $6.3B
    10 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.23---
    Sep 26EST
    		-$0.22---
    Jun 26
    		$-0.20$-0.21+4.76%Beat+60.0%
    Mar 26
    		$-0.40$-0.42+4.76%Beat+56.5%
    Dec 25
    		$-0.43$-0.56+23.21%Beat+36.8%
    Sep 25
    		$-0.45$-0.45+0.00%Beat-36.4%
    Jun 25
    		$-0.50$-0.67+25.37%Beat-554.5%
    Mar 25
    		$-0.92$-0.83-10.84%Miss-611.1%
    Dec 24
    		$-0.68$-0.67-1.49%Miss-1260.0%
    Sep 24
    		$-0.33$-0.30-10.00%Miss-161.1%
    Jun 24
    		$0.11$-0.02+650.00%Beat-84.1%
    Mar 24
    		$0.18$0.21-14.29%Miss+263.6%
    Dec 23
    		$-0.05$-0.05+0.00%Beat+87.8%
    Sep 23
    		$0.54$0.48+12.50%Beat+86.2%
    Jun 23
    		$0.69$0.70-1.43%Miss-47.3%
    Mar 23
    		$-0.11$-0.14+21.43%Beat-107.3%
    Dec 22
    		$-0.41$-0.30-36.67%Miss-123.3%
    Sep 22
    		$0.29$0.54-46.30%Miss-87.7%
    Jun 22
    		$1.31$1.36-3.68%Miss-8.4%
    Mar 22
    		$1.50$1.41+6.38%Beat+383.9%
    Dec 21
    		$1.76$2.03-13.30%Miss+4300.0%
    Sep 21
    		$2.35$2.23+5.38%Beat+5775.0%
    Jun 21
    		$1.43$1.51-5.30%Miss+410.9%
    Mar 21
    		$0.31$0.36-13.89%Miss+542.9%
    Dec 20
    		$0.04N/A-81.82%Miss-84.6%
    Sep 20
    		$0.04N/A+136.36%Beat-87.9%
    Jun 20
    		$-0.46$-0.51+9.80%Beat-174.2%
    Mar 20
    		$-0.07N/A+58.82%Beat+0.0%
    Dec 19
    		$0.26$0.24+8.33%Beat-86.9%
    Sep 19
    		$0.33$0.24+37.50%Beat-49.2%
    Jun 19
    		$0.62$0.52+19.23%Beat-15.1%
    Mar 19
    		$-0.07$-0.14+50.00%Beat-800.0%
    Dec 18
    		$1.98$0.60+230.00%Beat+692.0%
    Sep 18
    		$0.65$0.66-1.52%Miss+75.7%
    Jun 18
    		$0.73$0.52+40.38%Beat+160.7%
    Mar 18
    		$0.01N/A+105.56%Beat-90.9%
    Dec 17
    		$0.25$0.18+38.89%Beat-47.9%
    Sep 17
    		$0.37$0.33+12.12%Beat+1025.0%
    Jun 17
    		$0.28$0.17+64.71%Beat-
    Mar 17
    		$0.11$0.20-45.00%Miss-
    Dec 16
    		$0.48$0.27+77.78%Beat-
    Sep 16
    		$-0.04N/A-121.05%Miss-

    Dividends

    Dividend Metrics

    Yield0.00%
    Annual/Share$0.00
    Frequency4
    No dividend payments in the selected period.
    View CLF's full dividend history

    Key Metrics

    Valuation
    P/E Ratio-7.80EV/EBITDA29.78x
    Price/FCF-7.69xFCF Yield-13.01%
    Profitability
    Profit Margin-4.56%Operating Margin0.34%
    ROE-13.90%ROIC-3.05%
    Financial Health
    Debt/Equity1.37xInterest CoverageN/A
    Current Ratio1.89xQuick Ratio0.63x
    Trading Statistics
    Beta2.12Avg Volume15.57M
    52-Week High$16.7052-Week Low$7.73

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$11.44
    SMA 20$11.87
    SMA 50$10.92
    SMA 200$11.39
    EMA 10$11.59
    EMA 20$11.57
    EMA 50$11.37
    EMA 200$11.13

    MACD

    Line: 0.07Signal: 0.14Hist: -0.06

    ADX

    ADX: 15.5+DI: 26.0-DI: 20.1

    Aroon & PSAR

    Aroon Up28.0
    Aroon Down72.0
    PSAR$10.45

    Bollinger Bands

    Upper Band$12.90
    Lower Band$10.84
    %B Position1733%(Upper)
    Band Width0.34

    RSI (14-Day)

    Neutral
    50.4

    Momentum Oscillators

    Stoch %K53.6
    Stoch %D51.7
    Williams %R-46.9
    ROC (10d)-6.2%
    Momentum-0.76
    CCI (20d)-55.7
    MFI (14d)41.9

    Volatility Measures

    ATR (14d)$0.65(5.6%)
    StdDev (20d)0.51
    Hist Vol55.9%(High)

    Volume Flow

    VWAP$11.60
    OBV708.2M
    AD Line151.4M
    CMF (20d)-0.162

    Volume Metrics

    Avg Vol (20d)15.5M
    Vol Ratio0.8x
    VWMA (20d)$11.79

    Pivot Points

    R3$12.64
    R2$12.37
    R1$12.00
    Pivot Point$11.73
    S1$11.36
    S2$11.09
    S3$10.72

    Advanced Oscillators

    TSI3.29
    Ultimate Osc37.3
    KST86.48

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$5.23B$4.92B$4.31B$4.73B$4.93B$4.63B$4.33B$4.57B$5.09B$5.20B$5.11B$5.61B
    Cost of Revenue$5.09B$5.00B$4.53B$4.78B$5.15B$5.03B$4.60B$4.67B$4.93B$4.91B$4.96B$5.13B
    Gross Profit$132.00M$-82,000,000$-214,000,000$-46,000,000$-212,000,000$-396,000,000$-278,000,000$-106,000,000$162.00M$285.00M$150.00M$480.00M
    Operating Expenses$181.00M$131.00M$125.00M$158.00M$289.00M$147.00M$192.00M$155.00M$156.00M$323.00M$268.00M$155.00M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$154.00M$125.00M$143.00M$130.00M$137.00M$133.00M$139.00M$112.00M$103.00M$132.00M$162.00M$139.00M
    Operating Income$-49,000,000$-213,000,000$-339,000,000$-204,000,000$-501,000,000$-543,000,000$-470,000,000$-261,000,000$6.00M$-38,000,000$-118,000,000$325.00M
    Interest Income$-156,000,000$-148,000,000$-152,000,000$-153,000,000$-149,000,000$-140,000,000$-135,000,000$-102,000,000$-69,000,000$-64,000,000$-63,000,000$-70,000,000
    Interest Expense$103.00M$94.00M$10.00M$0$120.00M$92.00M$105.00M$0$6.00M$21.00M$8.00M$0
    Income Before Tax$-152,000,000$-307,000,000$-447,000,000$-309,000,000$-621,000,000$-635,000,000$-575,000,000$-308,000,000$-6,000,000$-61,000,000$-126,000,000$303.00M
    Income Tax Expense$-20,000,000$-81,000,000$-208,000,000$-78,000,000$-148,000,000$-149,000,000$-137,000,000$-76,000,000$-15,000,000$-8,000,000$26.00M$29.00M
    Net Income$-134,000,000$-229,000,000$-241,000,000$-234,000,000$-473,000,000$-486,000,000$-438,000,000$-232,000,000$9.00M$-53,000,000$-153,000,000$275.00M
    EBITDA$266.00M$100.00M$-13,000,000$132.00M$-79,000,000$-213,000,000$-182,000,000$29.00M$297.00M$254.00M$172.00M$622.00M
    EBIT$4.00M$-159,000,000$-285,000,000$-156,000,000$-472,000,000$-495,000,000$-440,000,000$-206,000,000$69.00M$24.00M$-63,000,000$373.00M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Cleveland-Cliffs to invest $1B in Middletown blast furnace

    Cleveland-Cliffs is investing $1 billion over four years to upgrade its Middletown, Ohio blast furnace and steel infrastructure, supported by a revised U.S. Department of Energy grant. This new plan, which includes a blast furnace relining and advanced cogeneration facility, replaces an earlier project focused on low-emissions technology, a change that has drawn criticism from environmental groups concerned about the abandonment of "clean steel" plans and potential increases in pollution. The company cited market conditions and customers' unwillingness to pay a "green premium" for steel as reasons for the shift.

    Manufacturing Dive•8/24/26•
    Somewhat-Bullish

    Cleveland-Cliffs Jumps 6.0% After Wells Fargo Maintains Equal-Weight

    Cleveland-Cliffs Inc. shares rose 6.0% to $11.95 after Wells Fargo increased its price target from $11 to $12, while maintaining an Equal-Weight rating. The upgrade signals renewed confidence in the steelmaker's near-term outlook, attracting significant trading volume. The analyst sees modest upside but is not yet outright bullish, reflecting the balanced challenges facing steel producers.

    AlphaStreet•8/24/26•
    Bullish

    CLF Receives $500 Million DOE Support for Middletown Works Upgrade

    Cleveland-Cliffs Inc. (CLF) is investing $1 billion to modernize its Middletown Works facility, with half of the funding coming from the U.S. Department of Energy. The updated plan focuses on improving the efficiency of the existing coal-fired blast furnace, rather than the previously planned decarbonization, as customers were not willing to pay a premium for lower-carbon steel. This investment aims to protect 2,300 jobs, support 1,500 construction workers, and strengthen the U.S. steel supply chain.

    Yahoo Finance UK•8/24/26•
    Bullish

    CLEVELAND-CLIFFS, INC. : WELLS FARGO RAISES TARGET PRICE TO $12 FROM $11

    Wells Fargo has increased its target price for Cleveland-Cliffs Inc. (CLF.N) from $11 to $12. This information was reported by Reuters on August 24, 2026. The article reiterates that its content reflects solely the author's opinion and should not be used as investment advice.

    Bitget•8/24/26•
    Bullish

    Cleveland-Cliffs (CLF) Could Be 3% Undervalued On Its Middletown Upgrade Plan

    Cleveland-Cliffs (CLF) is considered 3.3% undervalued, trading at $11.27 against a fair value estimate of $11.65, following the announcement of a US$1 billion modernization of its Middletown Works steel plant. The upgrade, supported by a US$500 million Department of Energy partnership, is expected to enhance financial resilience through cost reductions, asset sales, and investments in specialty steels, though the company faces risks from U.S. steel tariffs and automotive demand exposure.

    Sahm•8/22/26•
    Somewhat-Bullish

    Frequently Asked Questions About CLF

    Does CLF pay dividends?
    Cleveland-Cliffs Inc (CLF) has a dividend payment track record. See the CLF dividend history page for its current payment status, yield, and streaks.
    What is CLF's market cap?
    Cleveland-Cliffs Inc (CLF) has a market capitalization of $6.63B with a current stock price of $11.55.

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