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    C

    Cleveland-Cliffs Inc (CLF)

    Official site

    BASIC MATERIALS • STEEL • NYSE

    $12.15
    -0.43 (-3.42%)

    Market Cap: $6.93B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    64%(25/39)
    Avg Surprise
    +34.81%
    Streak
    5 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.24
    Range$0.15 - $0.39
    7 analysts
    EPS RevisionsNo revisions (7d)
    0
    2
    30d
    EPS Estimate DriftChange to current
    90d ago$0.21+15.8%
    60d ago$0.22+7.4%
    30d ago$0.22+7.7%
    7d ago$0.22+11.2%
    Current$0.24
    Revenue Consensus
    $5.7B
    Range$5.6B - $5.8B
    7 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.22
    Range$0.03 - $0.33
    6 analysts
    Revenue Consensus
    $5.9B
    Range$5.6B - $6.2B
    10 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.22---
    Sep 26EST
    		-$0.24---
    Jun 26
    Reported Jul 23
    		$-0.20$-0.21+4.76%Beat+60.0%
    Mar 26
    Reported Apr 20
    		$-0.40$-0.42+4.76%Beat+56.5%
    Dec 25
    Reported Feb 9
    		$-0.43$-0.56+23.21%Beat+36.8%
    Sep 25
    Reported Oct 20
    		$-0.45$-0.45+0.00%Beat-36.4%
    Jun 25
    Reported Jul 21
    		$-0.50$-0.67+25.37%Beat-554.5%
    Mar 25
    Reported May 7
    		$-0.92$-0.83-10.84%Miss-611.1%
    Dec 24
    Reported Feb 24
    		$-0.68$-0.67-1.49%Miss-1260.0%
    Sep 24
    Reported Nov 4
    		$-0.33$-0.30-10.00%Miss-161.1%
    Jun 24
    Reported Jul 22
    		$0.11$-0.02+650.00%Beat-84.1%
    Mar 24
    Reported Apr 22
    		$0.18$0.21-14.29%Miss+263.6%
    Dec 23
    Reported Jan 29
    		$-0.05$-0.05+0.00%Beat+87.8%
    Sep 23
    Reported Oct 23
    		$0.54$0.48+12.50%Beat+86.2%
    Jun 23
    Reported Jul 24
    		$0.69$0.70-1.43%Miss-47.3%
    Mar 23
    Reported Apr 24
    		$-0.11$-0.14+21.43%Beat-107.3%
    Dec 22
    Reported Feb 13
    		$-0.41$-0.30-36.67%Miss-123.3%
    Sep 22
    Reported Oct 25
    		$0.29$0.54-46.30%Miss-87.7%
    Jun 22
    Reported Jul 22
    		$1.31$1.36-3.68%Miss-8.4%
    Mar 22
    Reported Apr 22
    		$1.50$1.41+6.38%Beat+383.9%
    Dec 21
    Reported Feb 11
    		$1.76$2.03-13.30%Miss+4300.0%
    Sep 21
    Reported Oct 22
    		$2.35$2.23+5.38%Beat+5775.0%
    Jun 21
    Reported Jul 22
    		$1.43$1.51-5.30%Miss+410.9%
    Mar 21
    Reported Apr 22
    		$0.31$0.36-13.89%Miss+542.9%
    Dec 20
    Reported Feb 25
    		$0.04N/A-81.82%Miss-84.6%
    Sep 20
    Reported Oct 23
    		$0.04N/A+136.36%Beat-87.9%
    Jun 20
    Reported Jul 30
    		$-0.46$-0.51+9.80%Beat-174.2%
    Mar 20
    Reported May 11
    		$-0.07N/A+58.82%Beat+0.0%
    Dec 19
    Reported Feb 20
    		$0.26$0.24+8.33%Beat-86.9%
    Sep 19
    Reported Oct 23
    		$0.33$0.24+37.50%Beat-49.2%
    Jun 19
    Reported Jul 19
    		$0.62$0.52+19.23%Beat-15.1%
    Mar 19
    Reported Apr 25
    		$-0.07$-0.14+50.00%Beat-800.0%
    Dec 18
    Reported Feb 8
    		$1.98$0.60+230.00%Beat+692.0%
    Sep 18
    Reported Oct 19
    		$0.65$0.66-1.52%Miss+75.7%
    Jun 18
    Reported Jul 20
    		$0.73$0.52+40.38%Beat+160.7%
    Mar 18
    Reported Apr 20
    		$0.01N/A+105.56%Beat-90.9%
    Dec 17
    Reported Jan 25
    		$0.25$0.18+38.89%Beat-47.9%
    Sep 17
    Reported Oct 20
    		$0.37$0.33+12.12%Beat-
    Jun 17
    Reported Jul 27
    		$0.28$0.17+64.71%Beat-
    Mar 17
    Reported Apr 27
    		$0.11$0.20-45.00%Miss-
    Dec 16
    Reported Feb 9
    		$0.48$0.27+77.78%Beat-

    Dividends

    Dividend Metrics

    Forward Yield0.00%
    Forward Annual Dividend$0.00
    FrequencyQuarterly
    No dividend payments in the selected period.

    Key Metrics

    Valuation
    P/E Ratio-8.21EV/EBITDA30.03x
    Price/FCF-8.09xFCF Yield-12.36%
    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
    Beta2.09Avg Volume17.47M
    52-Week High$16.7052-Week Low$7.73

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$12.35
    SMA 20$12.14
    SMA 50$12.01
    SMA 200$11.34
    EMA 10$12.36
    EMA 20$12.21
    EMA 50$11.94
    EMA 200$11.34

    MACD

    Line: 0.17Signal: 0.12Hist: 0.05

    ADX

    ADX: 18.9+DI: 27.1-DI: 24.2

    Aroon & PSAR

    Aroon Up84.0
    Aroon Down60.0
    PSAR$11.56

    Bollinger Bands

    Upper Band$13.40
    Lower Band$10.89
    %B Position2067%(Upper)
    Band Width0.50

    RSI (14-Day)

    Neutral
    50.1

    Momentum Oscillators

    Stoch %K71.1
    Stoch %D79.9
    Williams %R-44.8
    ROC (10d)5.9%
    Momentum0.68
    CCI (20d)-5.0
    MFI (14d)55.5

    Volatility Measures

    ATR (14d)$0.65(5.3%)
    StdDev (20d)0.63
    Hist Vol58.7%(High)

    Volume Flow

    VWAP$12.11
    OBV790.0M
    AD Line119.0M
    CMF (20d)-0.008

    Volume Metrics

    Avg Vol (20d)17.9M
    Vol Ratio1.4x
    VWMA (20d)$12.16

    Pivot Points

    R3$13.74
    R2$13.29
    R1$12.93
    Pivot Point$12.48
    S1$12.12
    S2$11.67
    S3$11.31

    Advanced Oscillators

    TSI7.39
    Ultimate Osc58.9
    KST23.99

    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 Q3 2026 Earnings Preview: Recent $CLF Insider Trading, Hedge Fund Activity, and More

    CLEVELAND-CLIFFS (CLF) is set to release its Q3 2026 earnings on October 19th, with analysts projecting $5.78 billion in revenue and $0.19 EPS. Insider trading data shows one sale by an EVP/CFO totaling $2.87 million...

    Quiver Quantitative•10/16/26•Neutral

    Cleveland-Cliffs Braces for Fight as Canada Looks to Block Layoffs at Stelco

    Cleveland-Cliffs is preparing for a confrontation with the Canadian government over planned layoffs at its Stelco operations. Prime Minister Mark Carney's government is considering legal actions...

    WSJ•10/16/26•Somewhat-Bearish

    Cleveland-Cliffs earnings up next: Return to profit in focus

    Cleveland-Cliffs is poised to report its third-quarter results, with analysts anticipating a return to profitability for the steelmaker after a loss in the previous quarter. Investors will be closely watching...

    Investing.com•10/16/26•Neutral

    Cleveland-Cliffs CEO calls Canada’s Stelco threats ‘bullying’

    Cleveland-Cliffs CEO Lourenco Goncalves has criticized Canada's threats of legal action over job cuts at its Stelco unit, calling the tactics "bullying and harassment." The Canadian government is reviewing its options...

    Financial Post•10/16/26•Somewhat-Bearish

    JPMorgan cuts target for Cleveland-Cliffs stock to USD 12.00

    JPMorgan Chase has lowered its price target for Cleveland-Cliffs (CLF) from $13.00 to $12.00, maintaining a Neutral rating. The company reported second-quarter revenue of $5.23 billion with a net loss of $145 million...

    ad-hoc-news.de•10/15/26•Somewhat-Bearish

    CLF Valuation and Fair Value

    P/E
    -8.2x
    Forward P/E
    16.0x
    EV/EBITDA
    30.0x
    P/FCF
    -8.1x
    PEG
    0.4x
    P/B
    1.2x
    See GNG's fair value

    CLF Profitability: Margins, ROIC and FCF

    Gross margin
    -1.1%
    Operating margin
    0.3%
    Net margin
    -4.6%
    ROIC
    -3.1%
    ROE
    -13.9%
    FCF margin
    -4.5%
    FCF yield
    -12.4%

    CLF Competitors

    CompanyTicker
    Simpson Manufacturing Company IncSSD
    B2Gold CorpBTG
    New Gold IncNGD
    ICL Israel Chemicals LtdICL
    Sibanye Gold Ltd ADRSBSW
    Triple Flag Precious Metals CorpTFPM
    Axalta Coating Systems LtdAXTA
    SSR Mining IncSSRM

    Sector: Basic Materials

    CLF Analyst Ratings

    Consensus
    Hold
    Analysts
    13
    Strong Buy
    0
    Buy
    1
    Hold
    11
    Sell
    0
    Strong Sell
    1

    CLF Bull Case vs Bear Case

    Bear case

    • CLF has a -4.6% net profit margin.

    CLF Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    4.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.24
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 2 down

    CLF Dividend

    Forward yield
    0.0%

    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, TTM yield, and recorded payments.

    What is CLF's market cap?

    Cleveland-Cliffs Inc (CLF) has a market capitalization of $6.93B with a current stock price of $12.15.

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