Stocktoria

CLEVELAND-CLIFFS INC. CLF

NYSE · stock · Metal Mining · website · IPO 1960-07-27 · LEI

CLEVELAND-CLIFFS INC. statistics & valuation

Market cap$5.7B
P / S0.3×
P / B0.9×
Net margin-7.9%
Return on equity-23.4%
FCF margin-5.5%
Net debt$7.2B
Enterprise value USD$12.9B
Earnings yield EBIT/EV-12.3%
Return on capital-9.4%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
11.20% 19.70% 48.40% 14.70% -2.30% 14.60% 5.80% 1.80% -4.00% -7.90% 2016201720182019202020212022202320242025
Gross margin (%)
18.00% 25.10% 34.70% 28.90% 2016201720182019202020212022202320242025
Operating margin (%)
8.40% 20.90% 28.90% 21.60% -2.70% 19.60% 8.40% 3.00% -4.00% -8.50% 2016201720182019202020212022202320242025
Return on equity (%)
265.90% 81.80% -5.20% 51.70% 16.60% 4.80% -11.10% -23.40% 2016201720182019202020212022202320242025
Shares outstanding
466.1M 594.8M 608.0M 568.0M 477.5M 558.0M 524.0M 511.0M 493.9M 569.8M 2016201720182019202020212022202320242025
Net debt ($)
$1.88B $1.33B $1.27B $1.76B $5.31B $5.19B $4.22B $2.94B $7.01B $7.20B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
9.00% 12.40% 32.00% 8.40% -0.70% 15.70% 7.10% 2.20% -3.60% -7.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
19.00% 10.90% 7.80% -4.40% -14.60% 10.20% 6.40% 7.40% -3.10% -5.50% 2016201720182019202020212022202320242025
Debt / equity (×)
4.93× 5.91× 2.32× 0.91× 0.53× 0.39× 1.03× 1.15× 2016201720182019202020212022202320242025
EPS ($)
$0.43 $0.63 $1.85 $0.52 -$0.32 $5.36 $2.55 $0.75 -$1.58 -$2.91 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CLEVELAND-CLIFFS INC. trades at about 16.3× earnings — above its 10-year norm (10-year range 3.2×–26.7×, median 12.6×).

3.2× 26.7×

Shaded band = 10-year range (3.2×–26.7×); dot = today's 16.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin——————28.9%34.7%25.1%18.0%
Operating margin-8.5%-4.0%3.0%8.4%19.6%-2.7%21.6%28.9%20.9%8.4%
Net margin-7.9%-4.0%1.8%5.8%14.6%-2.3%14.7%48.4%19.7%11.2%
FCF margin-5.5%-3.1%7.4%6.4%10.2%-14.6%-4.4%7.8%10.9%19.0%
Return on assets-7.4%-3.6%2.2%7.1%15.7%-0.7%8.4%32.0%12.4%9.0%
Return on equity-23.4%-11.1%4.8%16.6%51.7%-5.2%81.8%265.9%-82.5%-11.9%
Debt / equity1.15×1.03×0.39×0.53×0.91×2.32×5.91×4.93×-5.18×-1.50×
Current ratio1.952.061.892.092.151.812.203.163.422.11

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.