CLEVELAND-CLIFFS INC. (CLF) Factsheet

CLEVELAND-CLIFFS INC. (CLF) Stock Analysis

Analysis from 10-Q filed 2025-10-22. Data as of Q1 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC -5.4%. FCF margin -5.3%. D/E 1.3x. Source: 10-Q filed 2025-10-22.

Metric Value Context
ROIC -5.4% Below expectations
FCF Margin -5.3% Cash flow pressure
Debt/Equity 1.3x Moderate leverage

ROIC -5.4% — Bottom 50% of sector peers. FCF margin -5.3% — Bottom 10%.

Explore CLEVELAND-CLIFFS INC.: Earnings History | Filings | ROIC Analysis

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for CLF: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.


Profitability: CLEVELAND-CLIFFS INC. earns -5.4% ROIC, Bottom 50% in Materials

ROIC TTM -5.4%, sector median 4.8%, Bottom 50%. DuPont: NOPAT margin -4.6% × asset turnover 0.9x. Gross margin -2.9%. Operating margin -6.6%. Source: 10-Q filed 2025-10-22.

Metric CLF Rating Context
Return on Invested Capital (ROIC) -5.4% Red flag Below sector median of 4.8%
Return on Equity (ROE) -20.7% Red flag Moderate equity returns
Gross Margin -2.9% Warning Competitive pricing environment
Operating Margin -6.6% Warning Moderate operational efficiency

Cash Flow: CLEVELAND-CLIFFS INC. generates $-997.0M FCF at -5.3% margin, positive NaN/8 quarters

FCF TTM $-997.0M. FCF margin -5.3%. OCF/Net income 0.4x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-10-22.

Metric CLF Rating Context
Free Cash Flow Margin -5.3% Red flag Thin cash margins
Free Cash Flow (TTM) $-997.0M Red flag Cash burn
OCF/Net Income 0.4x Warning Potential accrual concerns
FCF Consistency (8Q) N/A Warning Variable cash flow

Balance Sheet: CLEVELAND-CLIFFS INC. at 1.3x leverage

Debt/Equity 1.3x. Total debt $7.8B, cash & investments $52.0M. Source: 10-Q filed 2025-10-22.

Metric CLF Rating Context
Debt to Equity 1.3x Adequate Moderate leverage
Net Cash Position $-7.7B Warning Net debt position

Valuation: CLEVELAND-CLIFFS INC. trades at -3.5x earnings

P/E -3.5x. EV/Sales 0.6x. FCF yield -23.3%. Source: 10-Q filed 2025-10-22.

Metric CLF Rating Context
P/E Ratio -3.5x Red flag Reasonable valuation
EV/Sales 0.6x Excellent Attractive revenue multiple
FCF Yield -23.3% Warning Lower cash yield

Capital Allocation: CLEVELAND-CLIFFS INC. returns 0.0% shareholder yield

Total shareholder yield 0.0%. Capital returned $0 TTM. Source: 10-Q filed 2025-10-22.

Metric CLF Rating Context
Total Shareholder Yield 0.0% Warning Dividend + buyback yield combined
Total Capital Returned (TTM) $0 Adequate Dividends + buybacks returned to shareholders

Sector Rankings

Metric Value Percentile vs Median
Return on Invested Capital (ROIC) -5.4% Bottom 50% -1.1x below
Free Cash Flow Margin -5.3% Bottom 10% -8.2x below
Gross Margin -2.9% Bottom 10% -0.1x below
Operating Margin -6.6% Top 5% -0.8x below
Return on Equity (ROE) -20.7% Bottom 50% -2.9x below

Financial Scorecard

Metric CLF Rating Sector Context
Return on Invested Capital (ROIC) -5.4% Red flag Bottom 50% of sector (median: 4.8%)
Free Cash Flow Margin -5.3% Red flag Thin cash margins
Gross Margin -2.9% Red flag Competitive pricing environment
Debt to Equity Ratio 133.3% Adequate Elevated but manageable
Free Cash Flow Yield -23.3% Red flag Growth-focused valuation

Frequently Asked Questions

Q: What is CLEVELAND-CLIFFS INC.'s Return on Invested Capital (ROIC)?

CLEVELAND-CLIFFS INC. (CLF) has a trailing twelve-month Return on Invested Capital (ROIC) of -5.4%. Sector median 4.8%. Source: 10-Q filed 2025-10-22.

Q: What is CLEVELAND-CLIFFS INC.'s Free Cash Flow Margin?

CLEVELAND-CLIFFS INC. (CLF) has a free cash flow margin of -5.3%, generating $-997.0 million in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-10-22.

Q: What is CLEVELAND-CLIFFS INC.'s P/E ratio and how does it compare to peers?

CLEVELAND-CLIFFS INC. (CLF) trades at a P/E ratio of -3.5x, which is above the sector median of N/A. EV/Sales 0.6x. Source: 10-Q filed 2025-10-22.

Q: How much debt does CLEVELAND-CLIFFS INC. have?

CLEVELAND-CLIFFS INC. (CLF) has a debt-to-equity ratio of 1.3x with total debt of $7.8 billion. Net debt $7.7 billion. Source: 10-Q filed 2025-10-22.

Q: What is CLEVELAND-CLIFFS INC.'s revenue and earnings growth?

CLEVELAND-CLIFFS INC. (CLF) grew revenue by 1.5% year-over-year. EPS +6.6% YoY. Source: 10-Q filed 2025-10-22.

Q: How does CLEVELAND-CLIFFS INC. compare to competitors in Materials?

Compared to other companies in Materials, CLEVELAND-CLIFFS INC. (CLF) shows: ROIC -5.4%, sector median 4.8% (Bottom 50%). FCF margin -5.3%, sector median 0.6%. Gross margin -2.9%, 29.7pp below sector median. These rankings are based on MetricDuck's analysis of all Materials companies with available SEC filings.

Q: What warning signs should I watch for with CLEVELAND-CLIFFS INC.?

Quantitative warning flags for CLEVELAND-CLIFFS INC. (CLF): 1) FCF margin -5.3% (below 5%). Source: 10-Q filed 2025-10-22.


Data Source: Data sourced from 10-Q filed 2025-10-22. TTM metrics as of Q1 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.