(CLF) Cleveland-Cliffs - Overview

Sector: Basic Materials | Industry: Steel | Exchange: NYSE (USA) | Market Cap: 4.626m USD | Total Return: -1.3% in 12m

Stock Steel Products, Iron Ore, Coal, Coke, Tubing
Total Rating 18
Risk 65
Buy Signal -1.35
Steel -7.3
Steel -3.5
Market Cap: 4,626m
Avg Trading Vol: 172M USD
ATR: 6.77%
Peers RS (IBD): 8.9
Risk 5d forecast
Volatility72.2%
Rel. Tail Risk-13.9%
Reward TTM
Sharpe Ratio0.26
Alpha-32.08
Character TTM
Beta1.741
Beta Downside1.873
Drawdowns 3y
Max DD74.46%
CAGR/Max DD-0.32
EPS (Earnings per Share) EPS (Earnings per Share) of CLF over the last years for every Quarter: "2021-03": 0.19, "2021-06": 1.32, "2021-09": 2.33, "2021-12": 1.69, "2022-03": 1.5, "2022-06": 1.13, "2022-09": 0.29, "2022-12": -0.41, "2023-03": -0.11, "2023-06": 0.67, "2023-09": 0.52, "2023-12": -0.05, "2024-03": 0.18, "2024-06": 0.0042, "2024-09": -0.52, "2024-12": -0.68, "2025-03": -0.92, "2025-06": -0.5, "2025-09": -0.45, "2025-12": -0.43, "2026-03": 0,
EPS CAGR: -18.69%
EPS Trend: -63.2%
Last SUE: 2.10
Qual. Beats: 2
Revenue Revenue of CLF over the last years for every Quarter: 2021-03: 4049, 2021-06: 5045, 2021-09: 6004, 2021-12: 5346, 2022-03: 5955, 2022-06: 6337, 2022-09: 5653, 2022-12: 5044, 2023-03: 5295, 2023-06: 5984, 2023-09: 5605, 2023-12: 5112, 2024-03: 5199, 2024-06: 5092, 2024-09: 4569, 2024-12: 4325, 2025-03: 4629, 2025-06: 4934, 2025-09: 4734, 2025-12: 4313, 2026-03: null,
Rev. CAGR: -8.24%
Rev. Trend: -84.4%
Last SUE: -3.07
Qual. Beats: 0
Risks
Technicals: volatile
Description: CLF Cleveland-Cliffs March 05, 2026

Cleveland-Cliffs Inc. (CLF) is a U.S. and Canadian steel producer. The company offers a range of steel products, including hot-rolled, cold-rolled, and coated steels, along with specialized stainless and electrical steel products. Steel production is a capital-intensive industry.

Beyond steel, CLF provides non-steelmaking products like stamped components and tubing. The company also engages in raw material operations, including iron ore mining, pellet production, and ferrous scrap processing. This integrated business model, common in the steel sector, spans from raw materials to finished products.

CLF serves various end markets, including the automotive, infrastructure, manufacturing, and distribution sectors. Understanding these diverse revenue streams is key to evaluating the companys market position. For more detailed financial analysis, consider exploring ValueRay.

Headlines to Watch Out For
  • Steel demand from automotive sector impacts revenue
  • Iron ore prices influence production costs
  • US infrastructure spending drives steel product sales
  • Energy costs affect steelmaking profitability
  • Regulatory changes in steel tariffs create uncertainty
Piotroski VR‑10 (Strict, 0-10) 1.5
Net Income: -1.47b TTM > 0 and > 6% of Revenue
FCF/TA: -0.05 > 0.02 and ΔFCF/TA -2.30 > 1.0
NWC/Revenue: 16.84% < 20% (prev 18.69%; Δ -1.85% < -1%)
CFO/TA -0.02 > 3% & CFO -462.0m > Net Income -1.47b
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.95 > 1.5 & < 3
Outstanding Shares: last quarter (492.2m) vs 12m ago 1.29% < -2%
Gross Margin: -4.50% > 18% (prev 0.00%; Δ -450.1% > 0.5%)
Asset Turnover: 90.87% > 50% (prev 91.59%; Δ -0.72% > 0%)
Interest Coverage Ratio: -2.42 > 6 (EBITDA TTM -126.0m / Interest Expense TTM 594.0m)
Altman Z'' 0.55
A: 0.16 (Total Current Assets 6.43b - Total Current Liabilities 3.30b) / Total Assets 20.01b
B: -0.03 (Retained Earnings -529.0m / Total Assets 20.01b)
C: -0.07 (EBIT TTM -1.44b / Avg Total Assets 20.48b)
D: 0.08 (Book Value of Equity 1.04b / Total Liabilities 13.69b)
Altman-Z'' Score: 0.55 = B
Beneish M -3.12
DSRI: 0.94 (Receivables 1.44b/1.58b, Revenue 18.61b/19.18b)
GMI: 1.00 (fallback, negative margins)
AQI: 1.05 (AQ_t 0.20 / AQ_t-1 0.20)
SGI: 0.97 (Revenue 18.61b / 19.18b)
TATA: -0.05 (NI -1.47b - CFO -462.0m) / TA 20.01b)
Beneish M-Score: -3.12 (Cap -4..+1) = AA
What is the price of CLF shares? As of March 31, 2026, the stock is trading at USD 8.11 with a total of 14,579,989 shares traded.
Over the past week, the price has changed by +1.00%, over one month by -23.92%, over three months by -39.52% and over the past year by -1.34%.
Is CLF a buy, sell or hold? Cleveland-Cliffs has received a consensus analysts rating of 3.33. Therefor, it is recommend to hold CLF.
  • StrongBuy: 3
  • Buy: 1
  • Hold: 6
  • Sell: 1
  • StrongSell: 1
What are the forecasts/targets for the CLF price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 13.1 61.3%
Analysts Target Price 13.1 61.3%
CLF Fundamental Data Overview March 31, 2026
P/E Forward = 29.6736
P/S = 0.2486
P/B = 0.7293
P/EG = 0.4272
Revenue TTM = 18.61b USD
EBIT TTM = -1.44b USD
EBITDA TTM = -126.0m USD
Long Term Debt = 7.25b USD (from longTermDebt, last quarter)
Short Term Debt = 115.0m USD (from shortTermDebt, last quarter)
Debt = 8.17b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.11b USD (from netDebt column, last quarter)
Enterprise Value = 12.74b USD (4.63b + Debt 8.17b - CCE 57.0m)
Interest Coverage Ratio = -2.42 (Ebit TTM -1.44b / Interest Expense TTM 594.0m)
EV/FCF = -12.45x (Enterprise Value 12.74b / FCF TTM -1.02b)
FCF Yield = -8.03% (FCF TTM -1.02b / Enterprise Value 12.74b)
FCF Margin = -5.50% (FCF TTM -1.02b / Revenue TTM 18.61b)
Net Margin = -7.91% (Net Income TTM -1.47b / Revenue TTM 18.61b)
Gross Margin = -4.50% ((Revenue TTM 18.61b - Cost of Revenue TTM 19.45b) / Revenue TTM)
Gross Margin QoQ = -4.43% (prev -0.97%)
Tobins Q-Ratio = 0.64 (Enterprise Value 12.74b / Total Assets 20.01b)
Interest Expense / Debt = 1.86% (Interest Expense 152.0m / Debt 8.17b)
Taxrate = 21.0% (US default 21%)
NOPAT = -1.14b (EBIT -1.44b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.95 (Total Current Assets 6.43b / Total Current Liabilities 3.30b)
Debt / Equity = 1.34 (Debt 8.17b / totalStockholderEquity, last quarter 6.12b)
 Debt / EBITDA = -64.40 (negative EBITDA) (Net Debt 8.11b / EBITDA -126.0m)
 Debt / FCF = -7.93 (negative FCF - burning cash) (Net Debt 8.11b / FCF TTM -1.02b)
 Total Stockholder Equity = 5.91b (last 4 quarters mean from totalStockholderEquity)
RoA = -7.19% (Net Income -1.47b / Total Assets 20.01b)
RoE = -24.89% (Net Income TTM -1.47b / Total Stockholder Equity 5.91b)
RoCE = -10.91% (EBIT -1.44b / Capital Employed (Equity 5.91b + L.T.Debt 7.25b))
 RoIC = -8.37% (negative operating profit) (NOPAT -1.14b / Invested Capital 13.57b)
 WACC = 5.32% (E(4.63b)/V(12.80b) * Re(12.11%) + D(8.17b)/V(12.80b) * Rd(1.86%) * (1-Tc(0.21)))
Discount Rate = 12.11% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.27%
 [DCF] Fair Price = unknown (Cash Flow -1.02b)
 EPS Correlation: -63.19 | EPS CAGR: -18.69% | SUE: 2.10 | # QB: 2
Revenue Correlation: -84.41 | Revenue CAGR: -8.24% | SUE: -3.07 | # QB: 0
EPS next Quarter (2026-06-30): EPS=-0.07 | Chg7d=-0.020 | Chg30d=-0.048 | Revisions Net=+0 | Analysts=2
EPS current Year (2026-12-31): EPS=-0.38 | Chg7d=+0.056 | Chg30d=+0.036 | Revisions Net=-1 | Growth EPS=+84.7% | Growth Revenue=+9.5%
EPS next Year (2027-12-31): EPS=0.74 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=-4 | Growth EPS=+295.3% | Growth Revenue=+2.7%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Next Quarter)
Additional Sources for CLF Stock Fund Manager Positions: Dataroma · Stockcircle