CLEVELAND-CLIFFS INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $18.6B | $19.2B | $22.0B | $23.0B | $20.4B |
| Operating income | -$1.6B | -$763.0M | $659.0M | $1.9B | $4.0B |
| Cost of revenue | $19.5B | $19.1B | $20.6B | $20.5B | $15.9B |
| Cash from operations | -$462.0M | $105.0M | $2.3B | $2.4B | $2.8B |
| Capital expenditure | $561.0M | $695.0M | $646.0M | $943.0M | $705.0M |
| Free cash flow | -$1.0B | -$590.0M | $1.6B | $1.5B | $2.1B |
| Share repurchases | $0 | $733.0M | $152.0M | $240.0M | $0 |
| Impairments | $0 | $0 | $125.0M | $29.0M | $1.0M |
| Total assets | $20.0B | $20.9B | $17.5B | $18.8B | $19.0B |
| Total liabilities | $13.7B | $14.1B | $9.4B | $10.7B | $13.2B |
| Total debt | $7.3B | $7.1B | $3.2B | $4.3B | $5.4B |
Shares outstanding 570.4M · Free float 99.6%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.