Financials in USD. Standardized financial statements.
A compact view of how Cleveland-Cliffs Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $18.61B | $19.18B | $22.00B | $22.99B | $20.44B | $5.35B | $1.99B | $2.33B | $2.33B | $2.11B |
| Revenue Growth? | -3.0% | -12.8% | -4.3% | +12.4% | +281.8% | +169.1% | -14.7% | +0.1% | +10.5% | 0.0% |
| Cost of Revenue? | $19.37B | $19.11B | $20.61B | $20.47B | $15.91B | $5.10B | $1.41B | $1.52B | $1.82B | $1.72B |
| Gross Profit? | -$763.00M | $70.00M | $1.39B | $2.52B | $4.53B | $252.00M | $575.70M | $809.60M | $509.60M | $389.30M |
| Gross Margin? | -4.1% | +0.4% | +6.3% | +11.0% | +22.2% | +4.7% | +28.9% | +34.7% | +21.9% | +18.5% |
| Operating Expenses? | $593.00M | $826.00M | $714.00M | $575.00M | $502.00M | $394.00M | $146.40M | $136.40M | $77.40M | $149.40M |
| Operating Income? | -$1.36B | -$756.00M | $677.00M | $1.94B | $4.01B | -$142.00M | $429.30M | $673.20M | $431.50M | $240.80M |
| EBITDA? | -$45.00M | $378.00M | $1.86B | $3.11B | $5.04B | $353.00M | $498.40M | $776.00M | $477.90M | $288.00M |
| Income Before Tax | -$2.00B | -$943.00M | $597.00M | $1.80B | $3.80B | -$193.00M | $312.60M | $564.70M | $137.30M | $207.00M |
| Income Tax Expense | -$581.00M | -$235.00M | $148.00M | $423.00M | $773.00M | -$111.00M | $17.60M | -$475.20M | -$252.40M | -$12.20M |
| Net Income? | -$1.48B | -$754.00M | $399.00M | $1.33B | $2.99B | -$122.00M | $292.80M | $1.13B | $374.90M | $174.10M |
| EPS? | $-3.00 | $-1.57 | $0.78 | $2.57 | $5.62 | $-0.32 | $1.06 | $3.80 | $1.30 | $0.88 |
| Diluted EPS? | $-3.00 | $-1.57 | $0.78 | $2.55 | $5.35 | $-0.32 | $1.03 | $3.71 | $1.28 | $0.87 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality