Cleveland-Cliffs (CLF)
Turns ore, metallics and scrap into automotive-focused flat-rolled steel.
$12.57
After hours+0.03 (+0.28%)
At close$12.54(+3.85%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,605 | 5,112 | 5,199 | 5,092 | 4,569 | 4,325 | 4,629 | 4,934 | 4,734 | 4,313 | 4,922 | 5,226 |
| Cost of revenue | 5,125 | 4,944 | 4,914 | 4,930 | 4,673 | 4,598 | 5,020 | 5,143 | 4,780 | 4,504 | 5,004 | 5,031 |
| Gross profit | 480 | 168 | 285 | 162 | −104 | −273 | −391 | −209 | −46 | −191 | −82 | 195 |
| 155 | 268 | 323 | 156 | 155 | 192 | 147 | 289 | 130 | 131 | 125 | 181 | |
| Selling, general & administrative | 144 | 157 | 132 | 103 | 112 | 139 | 133 | 137 | 130 | 144 | 125 | 154 |
| Other expenses | 11 | 111 | 191 | 53 | 43 | 53 | 14 | 152 | 0 | −13 | 0 | 27 |
| Operating income | 325 | −100 | −38 | 6 | −259 | −465 | −538 | −498 | −176 | −322 | −207 | 14 |
| −22 | −8 | −23 | −12 | −47 | −105 | −92 | −120 | −133 | −117 | −100 | −166 | |
| Interest expense | 70 | 63 | 64 | 69 | 102 | 135 | 140 | 149 | 153 | 152 | 148 | 156 |
| Other non-operating income | −48 | −55 | −41 | −57 | −55 | −30 | −48 | −29 | −20 | −35 | −48 | −53 |
| Income before tax | 303 | −108 | −61 | −6 | −306 | −570 | −630 | −618 | −309 | −439 | −307 | −152 |
| Income tax expense | 29 | 30 | −8 | −15 | −76 | −136 | −147 | −148 | −78 | −206 | −81 | −20 |
| Net income from continuing operations | 274 | −138 | −53 | 9 | −230 | −434 | −483 | −470 | −231 | −233 | −226 | −132 |
| Discontinued operations | 1 | −1 | 0 | 0 | 0 | 0 | 0 | 0 | −3 | −2 | −3 | −2 |
| Net income | 264 | −155 | −67 | 2 | −242 | −447 | −495 | −483 | −251 | −243 | −237 | −145 |
| EPS, basic | $0.52 | −$0.31 | −$0.14 | $0.00 | −$0.52 | −$0.92 | −$1.00 | −$0.97 | −$0.51 | −$0.49 | −$0.42 | −$0.25 |
| EPS, diluted | $0.52 | −$0.31 | −$0.14 | $0.00 | −$0.52 | −$0.92 | −$1.00 | −$0.97 | −$0.51 | −$0.49 | −$0.42 | −$0.25 |
| Weighted average shares, basic | 508 | 505 | 492 | 473 | 468 | 486 | 495 | 498 | 492 | 492 | 564 | 571 |
| Weighted average shares, diluted | 509 | 505 | 492 | 474 | 468 | 486 | 495 | 498 | 492 | 492 | 564 | 571 |
| EBITDA | 622 | 190 | 233 | 291 | 31 | −177 | −208 | −76 | 132 | 61 | 100 | 329 |
| Depreciation & amortization | 249 | 235 | 230 | 228 | 235 | 258 | 282 | 393 | 288 | 348 | 259 | 262 |
| EBIT | 373 | −45 | 3 | 63 | −204 | −435 | −490 | −469 | −156 | −287 | −159 | 67 |
