Cleveland-Cliffs Financial Ratios
NYSE: CLFBasic MaterialsMetal MiningUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Cleveland-Cliffs ratio analysis
Cleveland-Cliffs earned a net margin of -7.9% in FY 2025, down from -4.0% a year earlier. Gross margin was -4.6% compared with a median of 18.0% over the prior 9 years. Return on equity reached -24.2%, meaning Cleveland-Cliffs generated -0.24 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 1.19 versus 1.06 the year before, and the current ratio was 1.95. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Cleveland-Cliffs financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | — | — | 27.23 | 6.32 | 4.06 | — | 7.59 | 2.28 | 5.72 | 9.67 |
| Price / sales | 0.37 | 0.24 | 0.47 | 0.36 | 0.53 | 1.03 | 1.09 | 1.08 | 1.11 | 1.07 |
| Price / book | 1.13 | 0.69 | 1.32 | 1.07 | 1.97 | 2.73 | 6.05 | 5.93 | — | — |
| Gross margin | -4.6% | 0.3% | 6.2% | 11.0% | 22.2% | 4.7% | 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% |
| Free cash flow margin | -5.5% | -3.1% | 7.4% | 6.4% | 10.2% | -14.6% | -4.4% | 7.8% | 10.9% | 19.0% |
| Return on equity (ROE) | -24.2% | -11.5% | 4.9% | 17.1% | 54.4% | -6.0% | 81.8% | 265.9% | — | — |
| Return on assets (ROA) | -7.4% | -3.6% | 2.2% | 7.1% | 15.7% | -0.7% | 8.4% | 32.0% | 12.4% | 9.0% |
| Debt / equity | 1.19 | 1.06 | 0.40 | 0.55 | 0.95 | 2.69 | 5.91 | 4.93 | — | — |
| Current ratio | 1.95 | 2.06 | 1.89 | 2.09 | 2.15 | 1.81 | 2.20 | 3.16 | 3.42 | 2.11 |
| Revenue growth | -3.0% | -12.8% | -4.3% | 12.4% | 281.8% | 169.0% | -14.7% | 25.0% | 20.0% | -22.8% |
| EPS growth | — | -310.7% | -70.6% | -52.4% | — | -131.1% | -72.2% | 194.4% | 44.8% | — |